Price is rejected from the trendline again and closed exactly at the trendline...
Price is given us discount @44250 level.
if tomorrow breaks this trendline, it will not test this trendline immediately...
It will reach any one of the resistance and then come back...
If opens downside...we will wait for an up move or downside continuation...
If a gapdown occurs...
BankNifty Weekly Expiry Analysis
Between the last expiry and today, banknifty got only 4 trading sessions. The last expiry was on Thursday and from this series we have weekly expiries on Wednesdays now. We have gone up by 405pts ~ 0.92pts although the chart doesnt give you that impression
BankNifty Today Analysis
Banknifty had some strange price behaviour...
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...
BANK NIFTY : Current Price- 44532. OPTION : 44600 CE & 44600 PE
Resistance- 44583.3 After a Break of Resistance
Target 1 -44612.1... Target 2 -44638... Target 3 -44687... And Target 4 -44794...
SL... Below the Resistance Line...
Support- 44520.2 After a Break of Support
Target 1 -44461.3... Target 2...
Banknifty important levels to watch are as follows
#Support: 44445
Sell below: 44445 only on 15 minute candle closure below the level.
Target 1: 44320
Target 2: 44200
#Resistance: 44575
Buy Above: 44575 only on 15 minute candle closure Above the level.
Target 1: 44650
Target 2: 44780
#Remember each level will act as a support and resistance individually...
"Good morning! As of September 6th, there is no significant difference compared to the last session; the global market sentiment is neutral to slightly negative (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-down. Structurally, it is a range-bound market, so we can expect some...
BankNifty Analysis
Although having all the conditions in its favor, BankNifty did not rally today. The 5mts candle at 10.15 which took out 115pts was trying to tell a story. In fact we dropped a total of 267pts from the high to the low of the day.
From the lows BN managed to climb back 140+ points but I am still unable to decode the directional intent. That is...
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! As of September 5th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-down. After that, if the market declines, it will reach a demand zone. Structurally, it's a major demand zone, so once the market reaches...
The current state of the market presents an interesting dynamic between the Nifty and Bank Nifty indices, as they grapple with significant resistance levels. Notably, Bank Nifty is showing relative underperformance compared to the Nifty50, raising concerns among investors. The pivotal point to watch is the crucial 45,000 level for Bank Nifty, as it holds...
The FASP for BankNifty is listed for 05-09-2023. 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...
Banknifty on the other hand had a freakish open and first 5mts move. Few of the OTM strike premiums shot up above 100% above the previous close values showing either low liquidity or very high speculation. We even fell 0.77% ~ 345pts between the open and 10.35 and the price action was indicating further weakness. But just like Nifty got support, BankNifty also...
There was gap filling trade in the very first hour of the session and after that market slowly started to gain up side momentum.
Banknifty tested the 20 ema on daily charts and has finally closed above the levels.
On the hourly charts, it took support around 200 ema and couldn't clear the 19600 level and constantly took rejection from the level.
Trending...
O Description. 05 sep
Bank Nifty Actionable levels
#Current Price- 44584
Good #Resistance- 44584
Strong #Support- 44337
#Target we can expect 44712 and 44913 if a break of 44578 above ⬆️ Resistance level 🎚️
#Target we can expect 44473 and 44337 if a break of 44578 below ⬇️ Support level 🎚️
#Execution trade should be above or below from resistance or...
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: 44400
Sell below: 44400 only on 15 minute candle closure below the level.
Target 1: 44200
Target 2: 43960
#Resistance: 44570
Buy Above: 44570 only on 15 minute candle closure Above the level.
Target 1: 44740
Target 2: 44960
#Demand Zone: 43700-43950 may act as a strong buying zone, and...
