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
Market will take a dip of 200 to 300 point and after that will touch 44120 to 44150, this is my view what about yours?
As US bank are performing worse since the '08. . . There can be very much possible it can affect indian markets too. . . First there is a Bearish Divergence on Weekly timeframe between RSI and NSE:BANKNIFTY Price. . . With the help of Fixed Range volume profile there is much trading happened at the level of 35000 rupees. . . Fib Retracement level of 38.2 is...
Another surprise today with 300pts ~ 0.69% move from 13.30 to 14.40, came at a time when no one really expected. Karnataka election results tomorrow and most traders would have anticipated we close the day subdued. The lower than expected CPI data of 4.7% would have leaked with few big-boys and they would have ended up loading the banks because from how I see it ...
Today will be Flat opening in BANKNIFTY . After opening if banknifty Start trading below 43450 level then possible downside rally of 400-500 points upto 43050 Level. Any Major upside only expected in case banknifty starts trading Above 43550 level.
Bank Nifty Prediction Tomorrow: BEARISH view with Negative Sentiment Bank Nifty is consolidating with high selling pressure, as per Global cues most likely expected to Open Gap down / Flat. There is Strong resistance zone at 43539 / /43470 levels is where we can anticipate our SELL entry for Lower side Targets. BULLISH only if sustains above 43780, BUY only...
"Good morning! As of May 11th, the global market has shown a positive start, with a moderately bullish nature. It may begin with a gap-up, and if the gap-up sustains, we can expect a continuation of the rally with minor consolidation. On the other hand, if the market declines sharply at the start or rejects the immediate resistance zone, that's a sign of a...
Few things went as planned (till 10AM) and after that I was like the deer stuck in the headlights. No way I could believe the rally of 560pts ~ 1.31% from 10.05 to 15.20. I was having the short-sell bias ever since the bad news broke about MSCI on HDFC- NSE:HDFCBANK . So I was kind of happy we had the fall of 553pts in 45mts. I started drawing leg1 of the down...