While BN is yet to achieve its short term target. Combining with nifty, while nifty fill then gap BN can make its short term target and then reverse with nifty. Stay cautious, and do not trade random.
Banknifty on the other hand was staying strong today, although it opened gap down, it closed down the distance in the opening 5mts itself. After hitting a new ATH of 46369.5, it started falling gradually. Banks were not at all looking weak today. Infosys fell due to poor guidance & Reliance fell after the demerger activity. Financial sector along with pharma...
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. Sorry for the late post; I couldn't predict the opening market, so there was a delay. The BankNifty is moving a little bit neutrally, and it will likely experience some minor consolidation between today's high and the Fib level of 38%. After that, if it breaks today's high, we can expect a rally continuation. On the other hand, if it breaks...
Hi guys, A bullish breakout of more than 18 month long consolidation has been oberved in NSE:KOTAKBANK . If it managed to close above the trendline today then we can create a fresh position in the scrip at todays closing. sl and targets will be shared later. Exit the position if the stop loss is triggered on WCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN...
After Showing strong Bullish Pressure towards new ATH, price showing strong bearish pressure. price also forms a inside candle, and yesterday shows a strong bullish momentum again. if this bullish momentum sustains...or falls again. Considering that inside candle as consolidation at Previous ATH levels, and shows us a bullish momentum, so if we consider this...
Nifty had very steep rally, so nothing much to analyse, where BN structure is still trade-able as support zone is nearby. Buy on dip suitable, more then intraday, positional trades are more beneficial. watch for first hr to confirm the clear direction small scalp trades would be good, big move is less probability.
Banknifty also outperformed this week, between the last expiry & today it is up 1443pts ~ 3.23%. Unlike Nifty50 my positional call on Banknifty did not go wrong, that was mainly because we negated a bearish trend line this week. Usually when the trendlines are broken the breakout momentum is so strong that it could take the index to an overbought level...
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 20th, the global market is indicating a positive start with GIFT Nifty showing a +2 points increase, resulting in a moderate bullish market sentiment. There is no significant difference compared to the last session, and there is a possibility of a slight gap-up opening. If the market maintains its structure, we can expect a rally...
Banknifty on the other hand had a perfect range bound trade today, the option prices also reflected this & there was absolutely no spike in premiums. Yesterday we had an action packed price action, whereas it was calm and quiet today. So we have an inside day today meaning the big-boys have taken a day of rest. Most likely we could see a continuation of price...
An Inside candle has been formed on the daily chart and a dragon fly doji has been formed. Market closed gaining 260 points. There was a gap up and a profit booking took market down. Supports are nearby and the market is still in the bullish move. On the hourly chart, a V shape recovery was there. And it is trading above the moving averages. Today option buyer...
Expectations: Volatile Day Intraday Levels: Buy Above - Not interested in buying for tomorrow Sell Below - 45300 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
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 are as follows. #Immediate support: 45560 #Immediate resistance: 45650 #Buy above : 45650 on candle closing basis. Target 1: 45780-800 Target 2: 45900 #Sell below: 45560 on candle closing basis. Target 1: 45430 Target 2: 45290 always use strict stoploss. Follow us for more such information. Give it a like if...
Good morning! As of July 19th, the global market is showing a positive start (GIFT Nifty +5) with a moderate bullish market sentiment. There is a possibility of a slight gap-up opening. If the market sustains its structure, we can expect a range market to continue rallying. On the other hand, if the initial market experiences a sharp decline, we can anticipate a...
It may face the same faith if it goes below -45281 but if it goes above 45624 then it will be free and will have an executive order to go past 45839.
Banknifty price action is bit dicey. A little more dip could be give a good RR trade set up, if gap down, If gap up opening then better to wait for clear direction , minimum retracement can expect is upto today's close to fill the gap and then upside rally can be seen.