Bearish Bat PRZ - 41322 - 41381 SL - 41751 Target - 40540 / 40300 / 40050
Just a bit of negative bias today - nothing major to be worried about! Banknifty still has outperformed NSE:NIFTY this week. And trust me the chart of NSE:BANKNIFTY is looking strong. Today we opened inline at 42252 had 2 strong green candles and then started falling. From 09.30 to 13.05 we fell 0.99% ~ 419pts - but the options premium did not surge...
"Today, April 21, The global market is indicating a neutral start, with a moderately bearish market nature. Structurally, we can expect a range-bound market. The first few moments of trading could determine the day's direction. If the initial market experiences a sharp move, we can expect a trending market, possibly with a directional momentum. On the other hand,...
my BN set up journal doe 21/4/23 as expected weekly expiry around 42300(42369). BN is forming a triangle pattern. support area around 42200 (15 min 50 MA) and trend line. Buy above 42350 with SL of 42300 for targets of 42450/500/600 sell below 42100 with SL of 42150 for targets of 42000/41900 Either way wait for break of trend line and support on 15 min...
"Today, April 20th, the global market indicates a slightly positive start, but the market nature is moderately bearish. It may begin with a gap-up, but if it takes a pullback, we can initially expect minor stocks only. If it sustains the pullback, the trend will continue, or if it rejects around a major key level, we can expect a correction. On the other hand, if...
MY BN pre market view for expiry day 20/4/23 42000 is strong support level. expiry trade range likely to be 41700-42600 as per OI data with expiry expected around 42300. my trade setup: expecting GAP -Up opening around 42220 and rejection to 42100 levels before moving up. long position at about 42120 with sl at 42050 for target of 42200/42300/42350. short...
"The global market indicates a neutral to slightly negative start. Market nature is moderately bearish.
Bank nifty is within this bullish chanel. Buy when it is near lower line and sell when it is near upper line... simple...
BankNifty Trading Levels For Tomorrow’s Trading Session Resistance 42450-42500 Towards Target of 42700 With SL of 42400 Support 42050-42000 Towards Target of 41800 With SL of 42100
NSE:BANKNIFTY bank nifty can touch 41750 range if breaks 42015 support zone, can try to short from highs of today for 42015 and 41750 zone , 42015 zone is current support zone and today's highs are fresh+previous import resistance zone. trade light, manage your risks and reap the profits.
BankNifty Trading Levels For Tomorrow’s Trading Session Resistance 42350-42400 Towards Target of 4200 With SL of 42300 Support 42050-42000 Towards Target of 41800 With SL of 42100
NSE:BANKNIFTY really held its cool today! During preopen INFY was showing an open rate of -10%, and everybody would have thought we are going to see a massive sell off today. IT sector in total was in focus today as the INFY even though had not so bad results was quoting at 10% lower circuit. I think I saw it go down to 12.3 or 12.5% - since I do not track the...
"Trading day, April 17th: The global market is indicating a negative start, but the market nature is bullish. It may start with a gap-down. After that, if the market consolidates, that's a sign of a rally continuation. On the other hand, if the market reaches the previous spike, it may lead to a correction."
Banknifty has given a good rally in the last two sessions. A correction is pending.
BN is moving explosively and to my surprise broke the 41650 level forcefully. This is the power of 3rd wave. Clearly 3rd is being extended and standing around 170.7 of 1st wave. From this level we can see some minor correction to 41900 level and then it may start it's upward journey again towards 42500 and even to 42850 level. Sooner or later in a few days we may...
Banknifty Weekly Analysis : Bank Nifty is super strong when comparing with Nifty, closed above Daily 100 SMA which will act as good support in BNf. 41700 Demand zone will be the key support level towards upside 42200 and any close above 42200 next target will be 42500. Banknifty is only Buy on Dip for Targets 42500 / 43000
We will start with the weekly analysis first, that is what happened in the series 7th to 13th April. The revised format is to provide an executive summary per week. This will benefit you for further research. Since 7th April was holiday, I have taken the closing price of 6th April as starting point. We had a 2.8% ~ 1148pts rally in this week. Let me zoom out and...
Sell Banknifty @ 41300-41400 Sl 41699 tgt 40750 Banknifty Made similar closing of 41350 in 27/10/2021, 21/10/2020, 09/03/2023 again today every time there has been fall of 2000-3000 points as shown in charts. BANK NIFTY Made high of 41517.65 (future) Below 41358----------- if if if stays Target : 40954--------------40819 Have patience