The FASP for BankNifty is listed for 28-07-2023. 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...
For the last 6 trading day banknifty has been trading inside a range and today it has formed a bearish engulfing candle.
Banknifty is taking support from 45600 levels and has been tested many times. If the levels is breached and market starts trading below the levels, there are high chances of market testing 45200 levels.
On the hourly charts, not a single green...
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 intraday levels to watch for 27-07-2023
#Support: 45900
Short if candle closes below 45900.
#resistance: 46160
Long if candle closes above 46160.
#Targets on downside after break of support.
Target 1= 45770
Target 2= 45620
#Targets on upside after break of resistance.
Target 1=46320
Target 2= 46490
Remember each level will act as a...
Good morning! As of July 27th, the global market is starting positively, with GIFT Nifty showing a +75 point increase from the previous session. The market seems to be moving in a range without significant differences compared to before. It's moderately bullish, meaning there's an upward bias. We might see a gap-up opening. If the market stays within the range,...
Banknifty on the other hand gave a trend reversal signal in just a day. For nifty we had atleast 3 days in succession. I took some short positions yesterday intraday and was all geared up to further attack by shorting more CALLS today.
The opening minutes looked encouraging, so did the period from 10.35 to 11.15 but 2 things went against it.
The options data...
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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 July 26th, the global market is starting positively, with GIFT Nifty showing a +12 point increase from the previous session. The market seems to be moving in a range without significant differences compared to before. It's moderately bullish, meaning there's an upward bias. We might see a slight gap-up opening. If the market stays within the...
Sell BankNifty below 45850 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
As per the chart, you can see new trendline, support, and resistance which will help you to find market direction, and in my view market will be stuck in the range of 45500 to 46250 for this week.
Banknifty’s movement today has given a slight hope for the bears to sharpen their claws. Primarily it breached the 45850-45830 levels thrice today in the 5mts candle. I did mention in the report yesterday that I wish to go short if the 45830 levels are taken out.
The reversal of 308pts from 13.40 to 14.55 would have tested the bear’s conviction level, but the...
Seeing Banknifty in no trading zone for at least a week.
- The pink line represents a bullish breakout.
- The orange line represents a bearish breakdown.
Strangle/Straddle Hedging will be more beneficial right now.
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 July 25th, the global market is indicating a positive start, with GIFT Nifty showing a +45 point increase. There is no significant difference from the last session, suggesting a range-bound market structure. The market's nature is moderately bullish, and there is a possibility of a slight gap-up opening. If it sustains within the range, we can...
No proper price action , no clear trend, no clear levels to play out,
stay cautious.
Nifty is bearish and BN has no sign of bearishness, jut retracement.
So big move is not possible as both index are not in line, BN may hit the target first then reverse and get in line with nifty.
I had a long call on banknifty and a short call on nifty50. All of us know very well that the probability of that happening is quite rare. Well we go as per what the chart says, banknifty showed strength on the last working day even when nifty was falling.
Today also banknifty was staying strong until the 286pt fall from 11.30 to 11.55 - just after this price move...
