Our Buy trade initiated above 34800 as we analyzed yesterday and all targets hit quickly. We already saw almost 5000 points rally in 4 days and weekly expiry is also done so buyers need to be cautious at this level, we have RBI policy tomorrow due to which volatility would be high. Resistance: 35750 Support: 34800 Expectations: Wild swings and overall a negative...
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...
As we analyzed yesterday, BankNifty opened with a minor Gap up, felt, and took support near our level of 34000. Immediately it bounced to 34400 levels and after some time our buy trade initiated and all 3 targets met. For tomorrow, I think we BankNifty would open flat. Resistance - 35050 Support - 34400 Intraday levels for tomorrow: Buy Above 34800 for the...
Today expected flat opening near yesterday close. In today session if banknifty trading below 34500 levels then we will get further fall of 300-400 points in It up to the 34000 levels. Expected it will take 34000 support but in case breakout of that support then we will see a strong downfall.
Disclaimer :- This is not any buy or sell recommendation. This is just my personal view on this counter. There is a breakout generated in INDUSIND BANK on daily chart. levels as below. 1st Target :- 1100 2nd Target :- 1190 3rd Target :- 1300 Stoploss :- 970 on closing basis.
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 is trading near Channel Resistance on Weekly Chart, immediate resistance is 33400-33500
Today will be a gap up opening in banknifty. Expected it will open near 34500 levels if it is trading above this level then we will get further 400-500 move in banknifty. It will face resistance at 35000 levels more chances it will reversal from this level for small downside correction. But in case it trading above this level too then we will get quick movement...
BankNifty opened with Gapup as we analyzed yesterday and took support at the resistant line and moved up. For tomorrow, I am seeing a Flat to small Gapup opening. Resistance - 34750 Support - 34000 Intraday levels for tomorrow: Buy above 34400 for the targets of 34500, 34600, and 34700. SL for the Buy Trade would be 34290. Sell Below 34100 for the targets of...
Nifty & Banknifty elliott wave analysis for 3feb 2021 onward
Today will be a gap up opening in banknifty. After the breakout of all-time high bank nifty is trading in a strong bullish trend and expected 34000-35000 level in coming to a few trading sessions. Now only weakness in the market if banknifty trading below 32850 levels.
It was a fabulous day, broken all the records for the previous 10 years Budget Day movement. I am not giving any level for tomorrow as I am expecting a gap-up which would demolish all our levels. Resistance - 33600 Support - 33000 I would try to share the Intraday trade setup during market hours tomorrow. To motivate me, Please like the idea If you agree with...
NSE:BANKNIFTY wait for breakout or brakdown even then only trade with strict sl considering budget.
Today expected gap up opening in banknifty. Due to budget day,Possible market may sideways and more volatile during this period. Trade with less position sizing and cautiously. Day's upside resistance is 31000 and downside strong support is 30000 expected banknifty will trade between this range. If any side breakout may give 400-500 points strong rally.
Banknifty has retested the 30850 level already. I am expecting sharp selling below 30220 level. Hence, my plan is mostly sideways to downtrend directional trading and selling call is preferable since IV (Intrinsic Value) will be high and we can get the good premiums. All the imp levels are marked on the chart. Cheers.
Today BanNifty came to our sell level around 12:30 and gave 1st target quickly, BankNifty has formed a Bullish candle on the daily time frame, and seems short term correction is over. Intraday levels for tomorrow: Buy above 30400 for the targets of 30500, 30600, and 30700. SL for the Buy Trade would be 31290. Sell Below 30150 for the targets of 30025, 29900, 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...
Today BankNifty crossed our lower purple trend line and started trading below the sell level, tried to bounce back and we again see the price rejection near the 31200 levels. Our sell trade triggered and all the targets are met. It was an easy day for Call Writers and Future Sellers. Intraday levels for tomorrow: Buy above 30400 for the targets of 30500, 30600,...