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...
watch out for HDFC and HDFC Bank Buy above 43029 Target 43134,43228,43307 Sell below 42622 Target 42460, 42322
"Good morning. As of May 8th, the global market has shown a slightly neutral to positive start, but the market nature is bearish. We may see a small gap-up at the start, and if it sustains, we could expect a minor pullback. If it reaches the key zone, we can expect correction continuation. Alternatively, if it sustains around the key zone, that's a sign of a range...
BankNifty Trading Levels For Tomorrow’s Trading Session Resistance 43250-43300 Towards Target of 43500 With SL of 43200 Support 42450-42400 Towards Target of 42200 With SL 42500
Finally some volatility to keep the bears alive. This entire week the technical analysis was saying keep buying. See how a fundamental change can alter the sentiment. "MSCI tweaks spook HDFC twins, merged entity may see $150-200 million outflows" The MSCI news hit just before the start of the day and NSE:HDFCBANK and HDFC were down 5% in pre-open. The...
This is just for my personal studies and if anyone finds it useful feel free to use it but I would still bet you cannot make profits by copying anyone else strategy as you may copy the strategy but not the psychology behind it. This is how I find my supply and demand zone using indicators and I have developed my own setup. Yes it took 3-4 months to get used to...
Expectations: Volatile day Intraday Levels: Buy Above - 43370 Sell Below - 42980 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
In the past two days, Banknifty has demonstrated a notable weakness in its performance, signaling a potential downturn in the coming days. Today's key reversal is expected to take place within the range of 43450-43550, indicating a potential shift in market sentiment. Given this forecast, traders may want to consider taking a short position on Banknifty Futures...
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43450 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. in case if market trades below after opening possible downside 43450 level upto 43050 level & possiblity for if market...
"Today, May 4th, the global market is indicating a negative start with a moderately bullish market sentiment. It may begin with a gap-down. Structurally, there is a range-bound market, so we will wait for the range breakout. The high probability is a downside breakout, and I have given two variations, both describing sub-wave 5th. Once the 5th is finished, we...
Just look at the 5mts chart of NSE:BANKNIFTY today - what do you see? I see the strength of the bulls. Even though the opening was gap-down and below the support line 43253, banknifty managed to scale back by 10.45. The first attempt was rejected - rightly so because NSE:NIFTY was looking weak and the market participants would have anticipated more selling...