Expectations: Volatile Day Intraday Levels: Buy Above - 44280 Sell Below - 44000 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Banknifty has given a dragon fly doji candle and closed above the resistance zone of 44250. After gap up opening, market gave a fall and recovered in the second half of the market. On the hourly time frame, the market took support around 20 ema and consolidated in the mid trading hours. There was a "W" pattern, on 15 minutes charts. Support :- 44250,...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
BN Buying 44500 CE 1. 50 % Rejection Fibo & Support Level 2. With a Short Stop loss of 30 point , a target is available for 60- 80
Good morning! As of June 7th, the global market indicates a neutral to slightly positive start, with moderately bullish market sentiment. It might open with a neutral tone. After that, if it experiences a sharp pullback, that's a sign of sub-wave 3rd continuation. If it rejects around the major key resistance zone, we can expect a 4th minor correction and a 5th...
Following another day in a range and buy on dips worked fine, and same can be planned for tomorrow as well few 25-35 points SL from entry point would have give 1:4+ RR
Long trend , still above long trend and still above 44103 (Pattern Support - long support), But price is continuously targetting it support of 44103, if it againb breaks down below long trend and long support of 44103, then it may go down very deep and easily achieve 44002. above 44433 price may go easly to 44552, but above 44552 may be difficult.
Banknifty remained above 44k whole day and during the last hour gained some points giving close above 44150. Market consolidated for 4 hours and gave a nice break out. DJI seems to be flat till now and there can a chance of a bullish break out as the market has closed. Watch the global markets in market to get a clear view and trend of the market. On the...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked . we can visualize...
Good morning! As of June 6th, the global market indicates a neutral to slightly negative start with moderately bearish market sentiment. It might open with a neutral tone. After that, if it experiences a sharp pullback, we can expect the sub-wave 5th (impulse) with minor consolidation. Alternatively, if it initially declines, we can anticipate a range market correction.
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44050 level then possible upside rally of 400-500 points upto 44450 Level. (but this level is important for todays trading session here possible reversal downside rally 44450 to 44050 level). Any Major downside only expected in case banknifty starts trading below 43450 level.
Market is in side way, which is also expect being at ATH breakout For intraday scalp trade would be advisable, big momentum is only possible out the range
A positive day for sure +0.37% close, but the trading action did not show positivity. The gap up opening might have been result of a 1.45% gain on SPX on Friday. We started building on the gap-up today and it seemed like we will be having an outperformance just like SPX. At least that was what the price action told us till 11.25. When I monitored the options...
BankNifty Trading Levels For Tomorrow’s Trading Session Resistance 44250-44300 Towards Target of 44500 With SL of 44200 Support 44050-44000 Towards Target of 43800 With SL 44100
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Bank nifty making rounding pattern on weekly charts & now let's see if it's breakout of rounding pattern or make a cup & handle pattern…
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44050 level then possible upside rally of 400-500 points upto 44450 Level. And this rally can extend for another 400 points if it gives breakout of 44550 level. Any Major downside only expected in case banknifty starts trading below 43950 level. also possible (Reversal) Downside...