Hii All,
Bank Nifty is creating a Pennant seems there is going to be good move on the up-side.
Sharing 15 min Chart of Bank Nifty.
Resistance - 43700
Support - 42660
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your...
"Good morning. As of May 10, the global market has shown a slightly neutral to positive start, but it is currently moderately bearish in nature. It may begin with a gap-up, followed by a minor pullback (sub-wave B or 2nd wave) as per the market structure. Once it reaches its fib level, we can expect a correction (sub-wave C or 3rd wave). Alternatively, if the...
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43050 level then possible upside rally of 400-500 points upto 43450 Level. And this rally can extend for another 400 points if it gives breakout of 43550 level. Any Major downside only expected in case banknifty starts trading below 42950 level. here reversal possible when...
Expectations: Volatile day
Intraday Levels:
Buy Above - 43340
Sell Below - 43140
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Levels for 10th may. View is bullish above 43000,............. Levels are looking very clear and till the time index trading above 43000 its a buy on dips
The real move came a little late today, from 12.45 to close wherein NSE:BANKNIFTY gave up 403pts ~ 0.93%. I was expecting the fall to come in the morning session - but the finnifty expiry trades would have limited this damage to a great extent.
For some reason Axis Bank and IndusInd bank was quite strong today counter balancing the fall in SBI. Remember the...
BankNifty Trading Levels For Tomorrow’s Trading Session
Resistance 43450-43500
Towards Target of 43700
With SL of 43400
Support 43050-43000
Towards Target of 42800
With SL 43100
Bank Nifty Future Intraday Levels For 9th May 2023
All the levels are clearly mentioned in the chart.
Disclaimer - All The Levels Are Only For Educational Purpose.
Do Your Own Analysis Before Trade.
Expectations: Volatile day
Intraday Levels:
Buy Above - 42810
Sell Below - 42640
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
"Good morning. As of May 9th, the global market has shown a slightly neutral to negative start, but the market is currently moderately bullish in nature. We may see a small gap-down at the start; after that, if there is a sharp pullback, the rally will continue. On the other hand, if the gap-down sustains, we could expect a minor correction with a three-wave...
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43050 level then possible upside rally of 400-500 points upto 43450 Level. And this rally can extend for another 400 points if it gives breakout of 43550 level. Any Major downside only expected in case banknifty starts trading below 42950 level.
I am still keeping my hopes pinned on the Fibonacci levels marked as in the chart below. 43739 recent swing high, 42581 last session swing low and 43296 the 61.8% retracement level.
It really looked like a short-selling setup as the bull momentum faded out after 11.15 - we went up 1.46% ~ 622pts today but it really felt like the thrust to go up further was...
BankNifty Trading Levels For Tomorrow’s Trading Session
Resistance 43450-43500
Towards Target of 43700
With SL of 43400
Support 43050-43000
Towards Target of 42800
With SL 43100
Indian market followed the global markets and has given a nice upside move after a 1000 points loss, Banknifty has given a 600 points recovery forming an inside candle on the daily time frame.
Though, the market looks bullish, still banknifty is trading in a resistance zone and the previous fake out if strong will also act as a resistance.
Markets opened gap up...
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(10/05/2023)](https://s3.tradingview.com/1/1buPQaSM_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(10/05/2023)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(09/05/2023)](https://s3.tradingview.com/v/VFs4MwcH_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(09/05/2023)")
