"Good morning, friends🌺! As of November 28th, there is no significant difference in the global and our local market sentiments compared to the last session. The global market sentiment remains bullish, as indicated by the Dow Jones. However, our local market shows a moderately bearish trend. It might open with a slight gap-up or a neutral start, considering the...
KotakBank seems good above 1754 for 1D or 1W hold, Banking sector is in positive mood we can say a good rally
bank nifty expecting a small correction and continue uptrend
BankNifty Analysis BankNifty had a positive-looking chart today, it was kind of obvious from the optimism it showed in the last 2 days. The first thing it did today morning was to take support from the 43566 area i.e. between 09.45 to 10.05 5mts chart link - click here At 10.40 it had a strong green candle and it looked like it was going for the next...
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...
"Good morning, friends! As of November 24th, there is no significant difference in the global and our local market sentiments compared to the last session. The global market sentiment remains bullish, indicated by the Dow Jones. However, our local market shows a moderately bearish trend. It might open with a slight gap-up or a neutral start, considering the...
BankNifty Analysis BankNifty made some interesting strides today. After opening inline, it went to the resistance level of 43566 really quickly. By 10.00 we had a close above this level on the 5mts TF. I did update on the trading view minds that, I changed my stance from bearish to neutral because of this. 5mts chart link - click here Even though we did not...
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...
"Good morning, friends! As of November 23rd, there is no significant difference from the last session. The global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderately bearish trend. It may open with a slight gap-up or a neutral start, as the GiftNifty indicates a value of +10. After that, even if the market...
As you can see here banknifty taking resistance at standard deviation one, if price crosses above 43767, which is a strong resistance , then it may easily reach 43934 and then 44098. If banknifty crosses below 43490 then it may reach 43326, 43326 is a strong support , if banknifty takes support then it may bounce back to the level of 43623, if breaks down it...
BankNifty Analysis BankNifty was a total support and resistance play today. Unline Nifty, BankNifty did not retest yesterday’s swing high instead it started falling right from the open. We were at the 43566 support level till 10.20 after which it got broken. By 11.45 we broke the next support level at 43404 & that is when I changed my stance from neutral to...
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...
As we discussed yesterday Banknifty was sideways it has been forming ascending trangle if it breaks to downside it will be touching the 43430 level. on upside it has the 200 EMA resistance and price action resistance level at 43770. Reasons: PCR = 0.65, its expiry today mostly its sideways. but OI shows as Bearish. 200 EMA resistance to upside....
"Good morning, friends! As of November 22nd, the global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderately bearish trend. It may open with a slight gap-up or a neutral start, as the GiftNifty indicates a value of +10. If the market breaks the immediate resistance, we can expect a pullback continuation. On...
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...
"Good morning, friends! As of November 21st, the global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderately bearish trend. It may open with a slight gap-up, or a neutral start, as the GiftNifty indicates a value of +60. There is no significant difference compared to the last session. Structurally, we can...
BankNIFTY seems to be going sideways in the range of 43400 - 43800 as levels have been marked on the chart. for past few days BANKNIFTY have been sideways mostly perfect DOJI. level 43400 will be providing a nice support and 43800 will be acting as resistance unless it's broken to the upside. Reasons: Expiry is mostly sideways also PCR = 0.65 (Bearish) ...
If trigger line crosses above - -48.31, may reach 56.53, Option price - 180-210 If trigger line crosses below -43.17, may reach 33.53, Option price - 190-265