Banknifty after forming an ATH has formed an evening doji at the highs which is at the trendline on the weekly charts . A move below todays low of 45,000 might trigger some sharp pullback after a decent rally. Follow @piyushrawtani for more
Bank Nifty Moving within first 15 minutes candle since morning. breakout of either side will be interesting to see.
BankNifty Important intraday levels to watch for 05-07-2023 #Current price: 45283 #Support: 45230 Short if candle closes below 45230. #resistance: 45400 Long if candle closes above 45400. #Targets on downside after break of support. Target 1= 45000 Target 2= 44880 Target 3= 44700 #Targets on upside after break of resistance. Target 1= 45650 Target 2 =...
Banknifty does given move like Nifty did. Let See How it is going to perform in Near Future Importa Level Given On Chart. Black Line is Gann Fann Level.
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 45950 Level. Any Major downside only expected in case banknifty starts trading below 45450 level. also possible Reversal upside 45050 level.
"Good morning! As of July 5th, the global market is showing a neutral start with a bullish market sentiment. It might open with a minor gap-up. After that, if the market breaks yesterday's high, we can expect a continuation of the rally. Otherwise, it could enter a range market or takes a correction."
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Banknifty trade plan depends on the opening levels. Since market closed where it opened, but movement was volatile at rejection near to day's high. A good and safe buy would be above today's high and also if price sustain above it. A sell would be good when Price give breakout of today's high and fails to sustain above it i.e false breakout. Either way,...
The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening. Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential...
The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening. Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential...
BN chart is interesting today, again just like N50 we had a falling 45mts open wherein BN lost 0.8% to go below prev. close. From there it reversed and then rallied 1.46% ~ 655pts to hit a new ATH of 45655 by 13.30 mainly due to the rally in SBIN, KOTAKBANK. PNB +5.94%, FEDERALBANK +3.49% even though their weightage on the index is not that heavy. Again the PUT...
Banknifty did not break day's high yesterday, where is nifty did Banknifty seems to face struggle, so wait for a dip to make position for better RR trade set up.
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; #Current price : 45176 #Support : 45090-95 Short if candle closes below 45090. #resistance: 45250 Long if candle closes above 45250. #Targets on downside after break of support. Target 1= 44880 Target 2= 44720 Target 3= 44500 #Targets on upside after break of resistance. Target 1= 45350 Target 2 =...
As i told you all in my previous analysis of Banknifty that it will reach pretty high, whenever Bollinger Band bursts , if price reaches already near standard deviation 3 , or within a day or two it reaches near standard deviation 3 , then price do not falls, it takes support of standard deviation 3 and goes much higher along with standard deviation 3, untill it...
The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening. Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential...
BN had a different style of price action today comparing with N50. The open was gap-up & the rush to hit the HOD at 09.55 was similar. But what followed from there had minor changes. 1. The fall of 0.69% ~ 312pts from the top did have an impact on the momentum 2. Unlike N50, BN did not persist at the HOD levels after the first retracement. N50 had 3 more attempts...
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...