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
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
NSE:BANKNIFTY so far bank nifty has been trying to move over the previous weekly seell zone which spreads from 42500 to 42700 area , if bnf somehow manages to push through 42500 then we can see move till 42600/700 levels zone marked, above that we might be able to see 43000 level targets with a fast or slow and steady upward moves ,
with major time frames still...
BANKNIFTY opened gapup & took support of zone we marked on chart. after giving good up move its stop at daily resistance mark on chart. Dot to dot point
No next it should take 15 min swing support mentioned on chart for further up move. Lets watch candle stick patter & follow price actions.
I have given my personal view on this video for Nifty & Bank...
"Today, April 25th, the global market indicates a slightly positive start, with a moderately bullish market sentiment. The market may open neutral or gap-up. If the gap-up sustains, we can expect a continuation of the pullback. However, if the initial market decline occurs, we can expect a correction."
By 09.15 around 90% of traders would have guessed how NSE:BANKNIFTY is going to trade today. Thats because NSE:ICICIBANK had an excellent quarterly results to boast for.
The predictability of banknifty is, one leading bank is enough to pull up the sentiment of others. Same on the downside as well.
Opening was gap up at 42469, and it took a while before it...
Hello & Welcome,
this is nifty & Bank nifty analysis video based on yesterday's video of Nifty & BankNifty. Watch levels we study yesterday & check price action today.
I have given my personal view on this video for Nifty & Bank Nifty.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose...
Bank Nifty Levels are shared for Monday
Details analysis already shared in You Tube
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my pers
MY PRE MARKET JOURNAL FOR 24/4/23
expecting a flatish opening to the session.
LOWER BAND 41800
UPPER BAND 42500
short below 42000 for targets up to 41800
long above 42200 for targets 42354/42500
BN has probably completed its 3rd wave journey which is an extention of 200% of 1st wave and expected to correct to 41750 lvl (minimum) and we may first come to 41900 lvl and then go higher and come off to lower level soon.
