The spotted trendline we drew yesterday, we can it is also very well respected also getting rejected from 34000 which is also a psychological level for us My inclination in towards BEARISH only if market opens flat and crosses 33600 I repeat it must break 33600 for further downfall On the other hand I won’t recommend aggressive selling unless 33600 is breached...
Banknifty (CMP 33856) is near to a support zone now. If has a crucial support at 33595 - 33137. It will try bounce from here as we have strong 2 support trend lines also at that point. But if it breaks 33137 on closing basis then we might see a further fall towards 32506 after which next strong support level at 31000. So for bank nifty to go up it should...
As we analyzed yesterday, BankNifty traded in a range the whole day and broken the support in the last 30 mins. As per setup, the Sell trade triggered below 34750 and hit all the targets. We sold 34500 PE at 255 near support in the morning and booked great profits. Expectations for Tomorrow: Volatile Moves. Resistance: 34560 Support: 33850 Intraday Levels: Buy...
Today will be slightly gap up opening in banknifty. Expected opening near 34400-34500 level. Possible after gap up it will face resistance at 34400-34500 level and take reversal downside towards the 34000 to 33500 level. Upside only possible if it is trading and sustain above 34550 level.
Hugh chances of reversal if couldn’t close below 34000 On the other hand If 34000 is broken another 600-1000 points fall can be witnessed ✅ ALSO A EXPIRY WE CAN WITNESS SOME WILD MOVEMENTS TOMORROW 🚨
Today BankNifty opened with a Gap up and we immediately saw the sell-off. BankNifty is again near the lower range which is 34500-34400 levels. Let's see tomorrow if we see the breakdown or BankNifty again take support from these levels. Expectations for Tomorrow: Flat opening and range-bound market. Resistance: 35220 Support: 34450 Intraday Levels: Buy Above...
Today will be flat to slightly gap up opening of 50-100 points in banknifty. If banknifty trading and sustain above 35050 level then expected 300-400 points upside move. It will face resistance at 35400-35450 level and take reversal from this. Downside if it is trading below 34950 then expected 400-500 points down.
Rejecting seen right from trendline drawn yesterday In larger time frame, we can see it forming HEAD AND SHOULDERS PATTERN whose neckline is around 34500 levels, successful closing below 34500 can even lead to fill the gap till 33000 More inclined towards short WILL TRADE WHAT WE SEE RATHER THAN WHAT WE THINK
Intraday Trade: BANKNIFTY 15 minutes Analysis for tomorrow 17th March 2020 -Mohit Rajani
NSE:BANKNIFTY 📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas. if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
NSE:BANKNIFTY 📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas. if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
Banknifty Took 3 time hourly support on channel line But close below 200sma looking little bit weak on lockdown sentiments Must wait for first 90mins to get the clear direction. Kindly motivate us by giving likes thanks. Disclaimer: Only for educational and learning purposes
Hi Traders, Reading of candles before any breakout or after this process can help you see a change in the psychology of price. To know more about this please see the link to the video given in the below box. Yogesh Vats
As per our analysis for March 10th, BankNifty was in the range between our Buy and Sell levels, it was a good day for option writers and scalpers. We sold SBI, HDFC Bank, and 36200 CE and all trades gave great profits. Expectations for Tomorrow: Gap up opening Resistance: 36372 Support: 35742 Intraday Levels: Buy Above 36200 Sell Below 35800 To motivate me,...
NSE:BANKNIFTY 📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas. if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
Once this trendline is broken and market is below 35830 level, a sharp fall is anticipated. We can see a wedge pattern, which is a bearish pattern and if broken we can see a free fall.
Today BankNifty above our Buy level and showed a good up-move. We took sell trades in SBI and HDFC Bank and booked great profits in Stocks. We also sold BankNifty Fut at 36125 with an SL of just 80 points and got a good fall of approx 600 points. Overall it was a great day. Expectations for Tomorrow: Range bound day Resistance: 36120 Support: 35550 Intraday...
Today we opened with a minor gap up, saw a good up-move, and face resistance near 35800 levels. We bought 35500 PE at 335 and it gave great profit today. Expectations for Tomorrow: Range bound day Resistance: 35700 Support: 34970 Intraday Levels: Buy Above 35550 Sell Below 35200 To motivate me, Please like the idea If you agree with the analysis. Happy...