"Today, May 3rd, the global market is indicating a negative start with moderately bullish market sentiment. It may begin with a gap-down. After that, if the initial market takes a sharp pullback, we can expect a range market to rally consolidation. On the other hand, if the gap-down sustains, we can expect correction with minor pullbacks."
My pre market journal for bank nifty on 2/5/23. bank nifty might see opening near 43500 levels. expected range 43500-43000. ideal scenerio will be short around 43500 with sl 43530 for targets of 43400/43300/43200 long above 43550 with sl 43500 for target of 43600/43700/43800
"Today, May 2nd, the global market is indicating a positive start with a bullish market sentiment. It may begin with a gap-up. After that, if the market sustains, we can expect a continuation of the rally with minor consolidation. On the other hand, the initial market might be rejected, but structurally it shouldn't lead to a big correction. We can expect a...
BANKNIFTY ANALYSIS WITH LOGIC: 1. Considering new weekly levels if there's gap up in price it should retest 43295 level with strong candle then only, we will plan for long position up to 43600 level. 2. If price opens at 43600 level and gets rejected at the level, we will short up to 43295 level by maintaining trailing stoploss. 3. Consolidation may occur in...
BankNifty Trading Levels For Tomorrow’s Trading Session Resistance 43250-43300 Towards Target of 43500 With SL of 43200 Support 43000-42950 Towards Target of 42750 With SL of 43050
B-nifty gives Breakout of trendline. Chart also seems bullish. it may test 43000 soon.
"Today, April 28th, the global market is indicating a positive start with moderately bullish market sentiment. It may begin with a gap-up, but if it doesn't sustain, we can expect a correctional wave of at least 23% to 38%. Alternatively, if the gap-up does sustain, we can expect a continuation of the rally with minor consolidation."
Monthly Analysis In this monthly series NSE:BANKNIFTY has moved up 2958pts ~ 7.40%. By any standards that is really superb. It has taken out 7 crucial resistances in the process and is now exactly at the 8th resistance point. This outperformance is cementing India's growth story to the global financial markets. Everywhere else the news of bank collapse, credit...
"Trading day, April 27th, the global market is indicating a neutral to slightly negative start, with a moderately bullish market sentiment. If the initial market experiences a sharp pullback, we can expect a continuation of the rally. Alternatively, if the initial market consolidates, a diagonal pattern may emerge. However, if the market structurally breaks...
Nifty 15 mins indicating M pattern or double top pattern Buy above 42875, Target 42992,43144 Sell below 42809, Target 42715,42673,72578,42441,41900
NSE:BANKNIFTY We Can see that Banknifty is making double top formation in 15 min time frame looking good for short at 42700 level in banknifty SL - 42800 - 850 Target - 42300,42100
Cannot share 5 min data directly as Trading view does not allow less than 15 min. As per my setup 5 min CCI is right on the support with price action near the demand area, I have gone long with SL of 40-50 points Risk and Reward of 300+ points. No rush to chase any trade but let the trade find you. WAIT & HUNT. There is no shame if SL is triggered will keep updating.
BankNifty Trading Levels For Tomorrow’s Trading Session Resistance42850-42870 Towards Target of 43070 With SL of 42800 Support 42700-42650 Towards Target of 42450 With SL of 42750
entry: 42200 target: 42500 stoploss: 41900 . . . more probability for bullish.. reload chart for clear view
42990- 43072 Strong Resistance zone. 15 min chart - closing below 42600 .Go for short.(intraday) Daily chart - closing below 42600 . 1st target - 42389, 2nd target - 42050.(long term view)
The FASP for BankNifty is listed for 26-04-2023. 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...
For traders who are playing NSE:BANKNIFTY expiries on Thursdays can play the same trades on FinNifty on Tuesdays. The margin requirements are lower and now since the option premiums are staying low - the ROI in finnifty is better than banknifty. Today was a flat day, open was at 42731 and then it was struggling to keep the momentum up. We had a gradual rise...
BankNifty Trading Levels For Tomorrow’s Trading Session Resistance42850-42870 Towards Target of 43070 With SL of 42800 Support 42570-42550 Towards Target of 42330 With SL of 42650