Banknifty also has the same sentiment, and I don't know exactly where it will open. So, if it finds support at the immediate support level, we can expect a minor range market with some corrections. However, if it breaks the minor demand zone at 44885, then the correction will continue
Check out my today's market analysis for bank nifty support and resistance levels. If it's useful, please like and follow
BankNifty Analysis - Stance Bearish⬇️ BankNifty had a lot of anomalies today. Firstly, the start was slightly on the higher side and BN did not fall, unlike Nifty. We ended up defending yesterday’s swing low which came as a big surprise. You might remember, we had a bearish call for BN today and the fact that the downside move was not even attempted came as a...
Hello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 14/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45395 – 45435 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45000 Resistance-1: 45610 Support-2: 44810 Resistance-2: 45610 Support-3: 44650 Resistance-3:...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Degree full forms- L1 stand for Long term wave 1 and so on M1 stand for Medium term wave 1 and so on S1 stand for short term wave 1 and so on Hello Everyone, Welcome to Trading Idea, This is a short term forecast but trade always in direction of bigger cycles. Any last minute update will be done on our tradingview live links. I hope you are enjoying my...
There are some corrective waves bending, so if the initial market declines, we can expect minor correction initially. After that, if it takes support around 44500 or the swing low, then we can expect a 23% to 38% pullback wave. On the other hand, if it consolidates or breaks that level solidly, then the correction will continue. Alternate view: Banknifty also has...
The FASP for BankNifty is listed for 13-02-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Yesterday I published market analysis for Bank Nifty where the support and resistance acted perfectly within my level. Check out my yesterday's chart to decide. Today, I'm sharing my support and resistance levels to trade today. Hope it's useful, please like and follow
Hello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 13/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45330 – 45350 Important Support and Resistance for the Day... Support - Resistance - Support-1: 44630 Resistance-1: 44995 Support-2: 44545 Resistance-2: 45330 Support-3: 44444 Resistance-3:...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Degree full forms- L1 stand for Long term wave 1 and so on L1 stand for Medium term wave 1 and so on s1 stand for short term wave 1 and so on Hello Everyone, Welcome to Trading Idea, This is a short term forecast but trade always in direction of bigger cycles. Any last minute update will be done on our tradingview live links. I hope you are enjoying my...
This is my today's BANK Nifty market analysis on 12 Feb 2024. I marked my key support and resistance levels. If it's useful, please like and follow.
Hello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 12/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45350 – 45370 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45520 Resistance-1: 45920 Support-2: 45370 Resistance-2: 46100 Support-3: 45160 Resistance-3:...
BANKNIFTY important zone and levels for 12-2-2024.... Zone coordinates are 45680-45709.... Have a profitable day everyone...
Banknifty has a solid pullback. If the market opens with a gap-up, then we can expect rally continuation with minor consolidation. However, if the market opens with a gap-down or rejects around the immediate resistance (45898 to 46031), then we can expect a range market. Structurally, there is no indication of a significant correction.
BankNifty Analysis - Stance Neutral ➡️ BankNifty defends the 45399 level with so much ease today. After witnessing the rout yesterday, we seriously thought BN would take longer than usual to recover the lost ground. Do you remember the discussion we had about the 2 strong RED candles before breaking the 45399 levels yesterday? Today’s counter move made them look...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...