CMP-31956.00 RECO-Buy Entry Range-Rs.32040-32050 Target-32240.00/32600 .00 Stop Loss-31895.00 *Yesterdays all levels matched today. *Always faith on your chart. Daily analysis chart attached below for your referrence.
BANKNIFTY finally broke the upper resistance of the box that was there for a while. Good time to go long. It may retrace to the upper level of the box before going any further so be aware of the same since doji has formed. Keep this in mind and keep looking at price action. Now, upper targets are open for the week: Target 1: 32140 Target 2: 32460 Axis Bank and...
Today will slightly gap up opening in banknifty. More possibilities it will spend today's session in between 31500-32000 range. In case, It breakout the 32000 levels then we will see upside strong bullish rally of 400-500 points.
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...
Sell BankNifty if sustains below 31000 for the targets of 30900, 30800, and 30700. Consider buying only above 31500. I would also try to update the idea during market hours. Happy Trading! InvestPro India Team
We can see market has given a breakout of 15 min range in the end. Case 1 - Market opens big gap up, comes down, takes support and shows bullish sign then I will go long. Case 2 - Market opens flat and form 5 min bullish candle above the range, I will go long Case 3 - Market is within the range and consolidates and breaks down the 15 min range, I will go...
* Price rejects from lower level with high volume and will breakout above 31620.00. *Price will breakout the horizontal line above 31620.00 and sustain 3 to 5 mintues .
Bank nifty retraced in 23%-38% range with corrective pattern. It seems wave iv is completed at 30893 and projection of wave v is coming at 31861-32459. Negative only if trades below 30721.
The index has breached the Parabolic SAR on the 15 min timeframe and looks like it might move up. Another test of 31400 should be bought with a stoploss below 31300 for an immediate target of 31800.
As long as Banknifty is trading in between the purple range, I am not expecting any big movement as such and hence will go for scalping trades if any. Let's wait patiently for the market to breakout/breakdown of the range. Nifty has already made an all time high, which is a good indication that Banknifty might also touch all time high before a big correction...
Bank Nifty View for Monday 4 JAN 2021
Hi Traders, As I gave you last week's trading plan for this week , the price moved the same as discussed last week. This is the snapshot of the plan discussed in my video. Link is given downside to see the detail of this picture. _Yogesh Vats
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 will be a gap up opening in banknifty. Today we will expect range-bound market. Only big move expected if breakout of 31500 level.
Targets Shown by Bold Lines: 1. T1: 30350-30400 2. T2: 30000 Resistance @ 30950-31050 Extreme Target (T3) @ 29400 CMP @ 30880.95 Trade Taken: Bought 30300 PE, 31st December Expiry @ 85, CMP @ 81 NOTE: Post Only for Learning Purposes.
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...
Sell if sustains below 31180 for the targets of 31000, 30900, and 30800 | SL for sell trade would be 31285. Buy if sustains above 31470 for the targets of 31600 and 31700 | SL for buy trade would be 31350. Happy Trading! InvestPro India Team