"Good morning, friends! As of October 27th, the global market sentiment is bearish, as indicated by the Dow Jones. Our market is also bearish. It may open with a neutral to slightly gap-up. After that, if the market takes a pullback, we can expect a 23% to 38% pullback wave. On the other hand, if the gap-up doesn't sustain, the correction will likely continue."
BankNifty Weekly Expiry Analysis BankNifty had 1 extra in this week as the last expiry was on Wednesday. But the extra day was cut short as we had a scheduled holiday (Dussehra) in between. BankNifty did not fall as much as Nifty, it fell only 3.64% ~ 1597pts compared to 3.9% on Nifty. The premiums on the option strikes were not good enough except today. But I am...
Its Helpful & Useful For Newers & Beginners Of Trading... Learn & Earn With You Own... Bank Nifty Spot Price : 42280.2 - India Vix Spot : 11.73% - Nifty Daily Range : 41968 To - 42593- Watch Option Strike : If Above Break Even Point Buy : 42500 CE Watch Option Strike : If Below Break Even Point Buy : 42500 PE Always Select ITM Strike Price only Split The Screen...
AS WE CAN SEE THAT THE MARKET IS IN A DOWNTREND, ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 26 OCT,23 BELOW FOR NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 43020 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 43188 - R2: 43366 - R3: 43544 SHORT PLAN >>>>> 🐻 - 42720 (I WILL WAIT FOR THE 5...
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...
📌 NSE:BANKNIFTY seems to be hovering at the confluence of support from two critical Technical Setups: #1 Short-Term Support Trendline (marked in Red), which is placed at around ~43800 levels #2 Lower Support trendline of the Medium-term Rising Wedge which is under formation (marked in Green). The support is placed at around ~43600 levels 📌 The price...
"Good morning, friends! As of October 26th, there is no significant difference from the last session. The global market sentiment is moderately bearish, as indicated by the Dow Jones. However, our market is also bearish. It may open with a significant gap-down. After that, if the market consolidates or breaks the support levels, the correction will likely...
As We can see Bank NIFTY is currently in short term Down Trend and is at Key Level, The Chart mentioned above is of 1D timeframe. I think BANK NIFTY is at very indecisive level where the further moments will be defined. We can call the current level as BASE POINT or the Break DOWN LEVEL. Lets See "Jhole mein kya ata hai" :D - Follow & Boost the Post for...
BankNifty important levels to watch are as follows #Support: 43160 Sell below: 43160 only on 15 minute candle closure below the level. Target 1: 43000 Target 2: 42850 #Resistance: 43360 Buy Above: 43360 only on 15 minute candle closure Above the level. Target 1: 43525 Target 2: 43700-710 => # Remember each level will act as a support and resistance...
Banknifty has given a trendline, double top & a complex H&S breakdown. Have a short bias until the index closes above the trendline again. Retest of trendline highly likely as the markets have been oversold since couple of days. If the rally is on back of weak candles and volume, expect more downside to unfold in coming weeks.
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 CAN SEE THAT THE MARKET IS IN A DOWNTREND, ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 25 OCT,23 BELOW FOR BANK NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 43299 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 43444 - R2: 43577 - R3: 43699 SHORT PLAN >>>>> 🐻 - 42966 (I WILL WAIT FOR...
"Good morning, friends! As of October 25th, the global market sentiment is moderately bearish, as indicated by the Dow Jones. However, our market is also bearish. It may open with a slight gap-up. After that, if the gap-up doesn't sustain, we can expect a continuation of the correction with minor pullbacks. On the other hand, if the gap-up sustains, we can expect...
As you can see here price closed inside downside third deviation you may see a sudden upside move if price goes above 43291, then it may reach 43476, 43476is strong resistance price may go down again from here, but if it crosses above 43476, then it may reach to the level of 43661. if price takes resistance from 43291 and goes below 43080 then it may again go...
BankNifty Analysis BankNifty on the other hand had a gap up open, thanks to the excellent results from ICICI Bank. To a great extent, BankNifty resisted the down move on Nifty. Even till 13.55, it was only 0.17% below the previous close. But right after that, it fell like a house of cards. Whatever support ICICI gave till then was undone. ICICI ended up closing...
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...
The market is currently in a consolidation structure. If it breaks today's high, we can expect it to reach 43,904 to 78%. On the other hand, if it breaks the minor channel, we can anticipate a correction with minor pullbacks.
Expectations: Volatile Day Intraday Levels: Buy Above - 43880 Sell Below - 43600 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team