BankNifty Analysis BankNifty had a unique day today, firstly a gap up open and a total swing of +536pts ~ 1.25% with respect to yesterday’s close. We were not able to take out the 43253 resistance and its rejection resulted in a deep fall of 475pts ~ 1.1%. Cant believe we even had a falling window candle stick pattern between 11.40 & 11.45. Seeing the fall, I...
If trigger line crosses over 56.54, it may reach to 72.93, 250 to 300 Rs in option chart. (Including a big gap up). If trigger line crosses below 45.93, it may reach to 36.80, 120 to 160 Rs in option chart. (tough trade)
Banknifty important levels to watch are as follows #Support: 42990 Sell below: 42990 only on 15 minute candle closure below the level. Target 1: 42850 Target 2: 42670 #Resistance: 43200 Buy Above: 43200 only on 15 minute candle closure Above the level. Target 1: 43325 Target 2: 43450 => # Remember each level will act as a support and resistance...
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 2, the global market sentiment is bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bearish trend. It may open with a long gap-down start because the Giftnifty indicates 150+. If it opens with a long gap-up, we can expect a rally continuation when it sustains (it should break the minor 78%)....
AS WE CAN SEE THAT BANKNIFTY IS COMPLETELY RANGE BOUND TODAY, REMEMBER ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 2 NOV,23 BELOW FOR NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 43044 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 43144 - R2: 43244 - R3: 43366 SHORT PLAN >>>>> 🐻 - 42855 (I WILL...
BankNifty Weekly Expiry Analysis Between the last expiry and today, BankNifty has managed to climb 432pts ~ 1.02%. It has also managed to trade above the support/resistance of 42576. This retracement could be seen as a lower-high formation for continued selling pressure. For proof, we would need to see the 42576 getting knocked out in the upcoming sessions. ...
BankNifty important levels to watch are as follows #Support: 42670 Sell below: 42670 only on 15 minute candle closure below the level. Target 1: 42510 Target 2: 42300 #Resistance: 42815 Buy Above: 42815 only on 15 minute candle closure Above the level. Target 1: 42920 Target 2: 43020 => # Remember each level will act as a support and resistance...
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 1st, there is no significant difference between the last session, and the global market sentiment is moderately bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bullish trend. It may open with a neutral to slightly gap-down start. There is a 5th correctional wave, so if the gap-down...
Above -52.63, in 15 minute chart , it may go up to 63, in option 210-260 Rs. Below 45.37, it may reach 36, in option 160 -200 Rs.
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 October 31st, the global market sentiment is moderately bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bullish trend. It may open with a neutral to slightly gap-down start. After that, if a pullback occurs, we can anticipate a continuation of the pullback. On the other hand, there is a sub-wave 4th...
Good Morning Everyone. Guy's we have seen follow up selling in last few day's, but i think there should be stop now for sometime. I am not exactly saying that bottom has been made, but as market are highly oversold, A Sizable recovery in definitely possible. And today we can see some buying from lower levels. In yesterday session we also have seen Nifty and Bank...
AS WE CAN SEE THAT BANKNIFTY HAS TAKEN GOOD SUPPORT FROM CHANNEL BOTTOM i.e 42088, REMEMBER ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 31 OCT,23 BELOW FOR NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 43488 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 43800 - R2: 44055 - R3: 44355 SHORT PLAN...
Above -55.90, in 15 minute chart , it may go up to 69, in option 210-260 rs. Below 46.82, it may reach 36, in option 160 -200 rs.
Its Helpful & Useful For Freshers, Newers & Beginners Of Trading... Learn & Earn With You Own... Bank Nifty Spot Price : 43039.2 - India Vix Spot : 11.49% - Nifty Daily Range : 42780 To - 43298 See My Reversal Target Level - Long Wick Is Shown Only. The Reversal Trend Is Activated. OtherWise Leave It. And Achieve The Target Point. Second By Second Change The...
BankNifty Analysis Since BankNifty is in the neighbourhood of support and resistance, it is quite easy to explain with examples. The open was almost inline but we started dropping fast. We gave up 438pts ~ 1.02% by 09.40. Unlike Nifty50, I did not find it that encouraging to look out for bearish opportunities. The main reason is the decay of premiums. None of the...