Banknifty has broken its upwards trendline,now the whole trend is shifting towards downwards.
BankNifty makes a Wedge pattern. If it holds and giver reversal candlestick pattern near the upward trendline and above black horizontal line then you can expect upmove for next week. In case it breaks the trendline, then do not short BankNifty rather wait for it to re-test the trendline.
-BANKNIFTY EXPIRY RANGE OF 22400-23070 WAS VALID -IT ALMOST CLOSED NEAR THE UPPER RANGE -BANKNIFTY IS IN A STRONG UPTREND -ANY DIPS TOWARDS 22700-22600 SHOULD BE USED TO BUY INTO THE INDEX -BANKNIFTY CONQUERED 22450 ON CLOSING BASIS TO MOVE HIGHER AS DISCUSSED EARLIER -INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800 -CRUCIAL SUPPORT PLACED AT...
Banknifty again trading near at very important support level 22500. If this level breakdown, we will see 300-500 downside move in banknifty. In the first half banknifty sustain above 22500 we will see 23050 level in the second half due to short covering in expiry. The most possibility we will see expiry in 22050-23050 range.
Banknifty trading above the very important support level @22500. Now we only see weakness in bank nifty if breakdown this level. Focus on CE option in deeps. If anyone wants to initiate PE option then can implement it near resistance level with strict stop loss.
Hi Traders, 1. On the 5th of July 2020, I posted trading information regarding BNF in trading plan point no. 1, I mentioned is quoting for your consideration " As far as the structure is negative which is going to no direction zone already discussed above. So I will wait to go in trade any sides till I get clarity on moves. I made one pink line to...
Banknifty trend is still on the bullish side. Banknifty will take next resistance at 22350 if this break we will see banknifty move towards 22500+. We will see a big fall if banknifty break the support trend line minimum 200-300 point downfall will get after the breakdown of support trend line. Today's market trend is positive side but still, we will find PE...
Hi Traders, 1. On 1st July 2020, Post I mentioned in point no. 3 of the trading plan is quoting for your consideration " The same green arrow shows an upper target if the starting of the arrow on green resistance takes out in 1 hr time frame then the green dotted line will be the target. " You can see the price opened gap day next...
Today we will see only 50-100 or flat opening in banknifty near 22000 levels. Possible banknifty take support near 21750 and continue its positive trend. Today we will see banknifty trading between 21650 - 22350 levels. any side breakout will give more 300-500 points quick movements in banknifty. For Trade Updates Us: 9552960927 On Telegram Find: @tradzooIndex
After long consolidate mode in banknifty last day, we saw a good positive move in banknifty. Today we'll see gap up opening in banknifty above 22050 levels and rally will continue till 22450. Possible we will break 22550 level also today due to good fundamental news about the banking sector. Banknifty today's range will be 22050 to 22950. Also, possible big...
Hi Traders, 1. Yesterday I posted neither bnf nor nifty. In fact, There was not much change in the structure of both indexes, therefore, I just updated my ideas with an update. Hope you all would have seen it. Those missed either They do not follow me or not configured the right side idea button with your favorite author's notifications. let us...
Today also we see sideways in banknifty between 21050-21650. Between this time not good risk-reward for options trading we can only trade after breakout either upside or downside levels.
Hi Traders, Comparison of my 25th June Statements with the real move. 1. On 25th June, I mentioned in point no. 2 ( trading plan) is quoting for your consideration " If price breaks this and pink support on 15 min time frame then you have to apply taken out condition only to short with the target of green zone lower band." You can see this...
Banknifty trading near the resistance level of descending triangle pattern. If banknifty breakout the resistance, We might see big movement in banknifty toward the 22950 final targets. Current upside breakout level for banknifty is above 21400 levels and we can initiate CE option if banknifty sustain above this level. We can only see big move after this breakout...