Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44050 level then possible upside rally of 400-500 points upto 44450 Level. Any Major downside only expected in case banknifty starts trading below 43950 level.
Weekly Analysis In this expiry week, 12th to 18th May banknifty has moved up only 0.61% ~ 263pts. We have hit an important milestone this week though, 0.10 pts shy of all time high - 44151.7 on 15th. Banknifty is immensely bullish considering how Nifty50 is behaving. A trader on 15th or 16th would have normally expected BN to surpass the ATH to hit new records....
Buy banknifty looking good from now buy and relax and wait for TGT ,follow more for live updateds
Good morning! As of May 18th, the global market has shown a positive start with a bearish market nature. There may be a gap-up at the beginning, and there is a possibility of a sub-wave 4th. So, if it sustains, we can expect a minor three-wave structure. After that, if it rejects in the key zone, we can expect the 5th wave on the downside. However, the minor...
The FASP for BankNifty is listed for 18-05-2023. 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...
Inverse Head & Shoulder Width 160 points Target 160 points hit
Today will be FLAt opening in BANKNIFTY . After opening if banknifty start trading below 43950 level then possible downside rally of 400-500 points upto 43550 Level. Upside only expected in case banknifty starts trading Above 44050 level.
Good morning! As of May 17th, the global market has shown a neutral to slightly negative start with a bearish market nature. There may be a gap-down at the beginning, and there is a possibility of sub-wave three. If it sustains, we can expect a continuation of the correction with minor consolidation. On the other hand, if the market declines sharply at the start,...
In my opinion Bank Nifty will fall. I am sharing my view, what is your opinion? tell me on comments..
The FASP for BankNifty is listed for 17-05-2023. 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...
There was a fall of 306pts ~ 0.7% between 14.40 to 15.20, even then banknifty does not appear as negative as Nifty50 after today's session. The options traded on banknifty CE side was really commendable, but nothing like Nifty50 CE strikes. In the same comparison period N50 only fell 0.61% but the preceding price action is what makes it more bearish than...
- Banknifty trading below ATH resistance, since the trend is bullish, buy on dips is recommended - However if price open gap down, then wait for price to take support from any zone marked on the chart -Opening gap up will trigger resistance to turn into support, but sustaining above it will give momentum for the day
Expectations: Volatile day Intraday Levels: Buy Above - 44170 Sell Below - 44000 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
"Good morning! As of May 16th, today's sentiment remains the same with no significant difference compared to the last trading session. However, the global market has shown a positive start with a moderately bullish nature. There may be a gap-up at the beginning, and if it sustains, we can expect a continuation of the rally with minor consolidation, but it should...
The FASP for BankNifty is listed for 16-05-2023. 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...
We are near all time high on NSE:BANKNIFTY - 44151.7 is today's high. The previous high was 44151.8 on 14 Dec 2022. The lowest point was 38613.15 ~ -12.45% on 16 Mar 2023. Numbers are magically adding up, 3 months from High to Low and then exactly 2 months to reclaim the top spot. From the chart you can notice that once we broke the bearish trend line, the...
Bank Nifty Prediction for Monday: Bank Nifty moved sharp on Friday during post noon session, however 42250 level is where Fake breakout happened which will be tested in one or two sessions. On Monday Bnf likely to Open flat / Gap down, if opens below 43750 supply zone, 43475 demand zones will be tested. If that is compromised Next Target is 43200. It is at...
1. Next target is subejct to breakout and price sustaining above breakout levels