Hi Traders, 1. On the 22nd of Aug 2020, in my blog on BNF series the point no. 1 trading plan section is quoting for your consideration as proof that given targets on upside precisely achieved by index as usual without fail. Every word was written so meticulously that proves the presence of perfect manifestation of the move six days prior...
BankNifty Indicator based on Volume and Price Action! A classic tool to assist you in taking informed and calculated BANKNIFTY INTRADAY trading positions with confidence. It comes in handy if you are a person having good knowledge on the F&O trading. Not based on any guessing, purely based on Price and Volume. This tool along with Support & Resistance levels...
Today expected gap up opening in banknifty near 23700 levels. Banknifty will face next resistance at 23900-24000 and possible get reversal from this level.
Today expected slightly gap down opening in banknifty. Most crucial level for today's session is 23500 if banknifty successfully breakout this level then we will see strong bullish rally towards the 23950 due to short covering.
Banknifty trading near very important resistance at 23200 if breakout of this level we will see a quick rally towards the 23500. Banknifty only week if trading below 22900 levels.
Banknifty is going very good from many sessions. It's time to rest. Only if close in 30 minutes timeframe below 22750.
Today expected gap up opening in banknifty near 22500 levels. If banknifty breakout this level we will see next targets 22750 and 22900. The overall market is showing a bullish side rally.
NSE:BANKNIFTY * This idea is not for a trading call or tips, it is learning purpose only. Please understand your risk and take full responsibility of your action. This idea is shared before taking trade itself. Comment on any further updates such as entry, targets & stop-loss can be delayed. In case you like it, please click on like button and share this idea...
banknifty might fall from this level (need high pressure of volume to reach upside levels)
Banknifty possible moves Bullish side today. We will see banknifty trade between 22050-22450 in today's session. Its fewer chances to break 22500 levels today but if breakout we will see a further quick rally towards the 22750+.
Banknifty is likely to remain calm today. However, the break of yesterday's high and low may change the trend. So, better watch those key levels and trade accordingly.
BankNifty may likely to give breakouts in either way. If Red upward trend line breach, then you may witness a downside. In case the green resistance levels break, where multiple resistance is there, then Banknifty may rally.
Banknifty looks bearish and if it opens gap down then wait for a pullback to enter. Lower timeframe 1M or 3M will give you a much more clear direction.
Banknifty forms bearish rising wedge. Break of this pattern may drag Banknifty further down
If bank nifty will push the price towards 21704 + We may see a bulls But, If it pushes towards 21385 we may see Bears
Looking at the charts if the resistance is broken, we'll see a trending Monday..
NIFTY BANK can move a minor pull back and can start the fall