BankNifty important levels to watch are as follows
#Support: 44330
Sell below: 44330 only on 15 minute candle closure below the level.
Target 1: 44200
Target 2: 44020
Target 3: 43840
#Resistance: 44490
Buy Above: 44490 only on 15 minute candle closure Above the level.
Target 1: 44620
Target 2: 44760
Target 3: 44890
=> # Remember each level will act as a...
Banknifty is in gap filling spree and we can expect a good move if it sustains above yesterday's high. Short covering in the first hour is expected. Trade as per your risk apetite
BankNifty important levels to watch are as follows
#Support: 43830
Sell below: 43830 only on 15 minute candle closure below the level.
Target 1: 43680
Target 2: 43500
#Resistance: 43960
Buy Above: 43960 only on 15 minute candle closure Above the level.
Target 1: 44200
Target 2: 44450
=> # Remember each level will act as a support and resistance...
"Good morning, friends! As of October 11th, global market sentiment is slightly positive, as indicated by the Dow Jones. However, our market trend is bullish. It may open with a gap-up. After that, if the gap-up sustains, we can expect a rally continuation with minor consolidation. We can expect a correction only if it rejects the major resistance levels. On the...
BankNifty Analysis
The real reason for the rally on Nifty was BankNifty. Remember yesterday we discussed how it fell below the support of 44068 and then had an intraday rejection. We also went with a bearish view for today.
The first thing the gap-up and the swing of 1st candle did was to breach the resistance. A +268pts ~ 0.61% open was more than adequate. Then...
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 10, global market sentiment is slightly positive, as indicated by the Dow Jones. However, our market trend moderately bearish. It may open with a gap-up. Afterward, if it rejects the immediate resistance levels, then we can expect a correction to continue with minor pullbacks. On the other hand, if it breaks the resistance...
The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas.
When price come to these area we can expect either reversal or breakout from the given area's.
So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas.
**Bank Nifty Technical Analysis for 10/10/23**
**Support Levels:**
* 43770
* 43500
**Resistance Levels:**
* 44449
* 44900
**Overall Bias:** Bearish
**Analysis:**
Bank Nifty broke its support level of 43995 on October 9, 2023, and closed below it. This indicates that the bears are in control and the index is likely to fall further in the short term.
The...
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 09, global market sentiment is neutral to slightly positive, as indicated by the Dow Jones. However, our market trend remains moderately bullish. It may open with a neutral to slightly negative sentiment based on the Israel-Hamas war. Afterward, if it finds immediate support at the current level, we can expect a range-bound...
Analysis and Prediction
Based on the chart, the BANKNIFTY index is in a bullish trend in 1h. The price is near the Extrem orderblock , after both side liquidity in LTF. This suggests that the bulls are in control, and the index is likely to continue to rise in the short term.
Thought Process
If I were a trader, I would be looking to buy BANKNIFTY after recent...
As 2 days goes by but primium does't risk
as market trapped many sellers as to gave a brackout 2 days earlyer
from past 2 days consolidation we can see people are looseing nmoney consistenly
But as they will close there trade if market opens high tommorow
so as only buyer wiil stay or buy at that zone Market will come down to hunt there sl
but in another...
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...
BankNifty important levels to watch are as follows
#Support: 44180
Sell below: 44180 only on 15 minute candle closure below the level.
Target 1: 44050
Target 2: 43850
#Resistance: 44390
Buy Above: 44390 only on 15 minute candle closure Above the level.
Target 1: 44525
Target 2: 44740
=> # Remember each level will act as a support and resistance...
An on Neck BO hsa been confirmed on the daily chart of NSE:J_KBANK
One can create a fresh position in the scrip near cmp of Rs. 92.85 or below with stop loss of Rs. 84 for the traget of Rs. 101/109
Exit the position if the stop loss is triggered on DCB.
If you agree with the idea then hit the airplane icon and don't forget to follow me to get all the latest...
"Good morning, friends! As of October 6th, we have an RBI monetary policy meeting scheduled for around 10 am. Therefore, the technical structure is not as important, as the markets will largely react to the news. These moves may be very volatile, so it's advisable to approach your positions with caution. However, this represents the current market sentiment.
The...
Good Morning Guy's
Banknifty opened on gap up but witnessed consolidation for most of the day and closed at 44213, On the hourly chart, indicator showing positive divergence and crossover, which is bullish sign in Banknifty. We can expect Banknifty towards 44800/45000 in coming days. GIFT nifty also showing gap up opening, global market is looking good, we can...
