if banknifty consolidates bellow 32000 sell with tgt of 31850
one can go long on banknifty if dosent breach the support and also call & put data shows 31300 as support and 31500 as major resistance
Bank Nifty showing bearing divergence in the hourly chart.
Trade plan for 08 Nov 19...watch out for the levels mentioned Happy Trading....Respect Risk
11-10-19 BOB is showing some support around 85.65 zone if broken it is likely to continue its fall which started in Jan 15. What is probable is to find support in 82.65-74.95 zone and if this happened we can see 150 levels in coming months Long on pullback
Strong Resistance seen @ 30707 levels Cautious stance on higher side will be a good idea Possibly we may see 29917 levels in coming sessions..
SHORT-TERM TRADE IN BANKNIFTY VIEW:- INDEX IS HOLDING ITS 21-BAR EMA ON HOURLY CHART THIS SHOWS STRENGTH IN UP-TREND TRADE IN BANKNIFTY 28TH FUTURE CONTRACT LEVELS ARE ACCORDING TO SPOTS PLEASE ADJUST FOR FUTURES BUY @30300 STOP @30200 TARGET 1@30450 TARGET 2@30550 TRADE IN OPTIONS 30500 14TH NOV CONTRACT CALL OPTION BUY @330 STOP @260 TARGET 1@500 TARGET...
Cautious stance is the best way to trade BNF now....any rally can be used to short BNF....respect risk
NSE:BANKNIFTY banknifty formed inverted hammer at resistance closing above 28100 will start the rally 27500 will act as support RSI also at upper resistance level
ghstocktrading.webnode.com BANK NIFTY: WEEK-TECH-SHEET->26th August 2019 to 30th August 2019 Bank nifty moves around -1418.35 pips from 26th August 2019 to 30th August 2019, in which bank nifty did not break last week 19th August 2019 to 23rd August 2019 top nor bottom. Bank nifty AUGUST = -- 2259.10 pip
Extension chart of BNF.... BNF AT VERY GOOD SUPPORT ZONE...any side Channel Breakout will open door for big Move.
After major pullback BNF is at Resistance zone which was previous major support... any fresh breakout in latest Yellow Upward TL will lead to new round of sell off