The global market is indicating a negative start, but the market nature is bullish. It may open with a gap-down, but if the market takes a sharp pullback, the previous rally is likely to continue. On the other hand, if the market declines sharply without any pullback, it could reach a minimum of a 61% to 78% Fibonacci correction.
Today will be slightly gap down opening in BANKNIFTY. Expected opening below 41500 Level. After opening if banknifty sustain below 41450 this level then possible upside rally of 400-500 points upto 41050 Level. Any upside only expected in case banknifty starts trading above 41550 level.
the box forms the range of BN. if opened below 41650, then PE can be looked at with SL of 41675 and target 41450/41387. CE side only of breaks above box and sustains on 15 min time frame for target of 41850/42000
The FASP for Bank Nifty is listed for 15-02-2023. 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...
My bearish call for yesterday turned out to be wrong - sorry to have disappointed you ! We had a dramatic performance by NSE:BANKNIFTY today even after a higher than expected inflation of 6.52%. Although we had 2 sharp moves, none of the support or resistance was broken - which means we still have no clue on the direction. NSE:BANKNIFTY opened at 41410 made...
BN is looking bullish in 15 min TF and also Formed a demand zone in two hours TF and also near a breakout level on daily time frame Levels are marked on chart So trade Accordingly For more information msg me ( Six Two Six Zero Seven Five Seven Zero Four Six)
Expectations: Volatile day Intraday Levels: Buy Above - 41430 Sell Below - 41150 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
#banknifty - "gud morning, friends. The global market indicates a neutral start. The market sentiment is moderately bullish. It may start neutrally, but structurally, it will likely experience a minor pullback. After that, if the market sharply rejects around 41480, then we expect a correctional wave. On the other hand, if the pullback sustains, it will reach the...
Today will be a slightly gap up opening in BANKNIFTY. Expected opening below 41450 Level. After opening possible reversal of 400-500 points from 41450 level. And this can extend for another 400 points if it gives breakdown of 40950 level. Any Bullish rally is only expected in case banknifty starts trading and sustains above 41550 level.
I was running out of content last week to write about, thank god we had some interesting price move today - hoping to see further action in this week. Mostly due to the above expected retail inflation surge of 6.52%. NSE:BANKNIFTY fall today was not due to the above expected CPI - i can say this with assurance because there was anomaly in the price action of...
Banknifty has given a negative candle but still the market is holding the support levels of 41250. The market has been facing resistance from the 20 ema and if it crosses today's low, it can test the round number of 41000. On the hourly charts, the market has formed a bearish flag and pole. The market in the initial hour gave a fall and consolidated whole day in...
Banknifty : My view is BEARISH as its trading below Weekly CPR Banknifty likely to open Flat, if any rejection around 41368 we can take SELL entry for lower side targets 41170 / 41094 / 41000 Bullish view Only above Weekly CPR - 41520, so until its sell on raise. Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and...
Importent Signal for Banknifty Trading 14 feb 2023 Banknifty End of Day Study Weekly Expiry on 16 Feb 2023 India Vix Closing – 13.74 Support Zones Frist Support Level For For Long Banknifty - 41250 - 41285 Second Support Level For Long Banknifty - 40760 - 40800 Third Support Level For...
NSE:BANKNIFTY has formed inverted triangle pattern below previous major support which is now acting as a strong resistance and stopping bnf from moving upside ,bnf should be ready for a major correction as it has created the pattern while testing all the fresh support and now there is nothing to stop the fall, but in case if bnf manages to break the pattern...
"Good morning, friends. The global market is indicating a neutral start with a moderately bullish nature. The market may begin with a neutral tone and correct slightly. If there is a pullback, we can expect a range top. However, if the initial market decline is sharp, it may reach the major support zone at 38%. If the market breaks the 38% level, it will fall further."
Today will be a flat opening in BANKNIFTY . Expected opening 41500 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 41950 Level. Any Major downside only expected in case banknifty starts trading below 41450 level.
Expectations: Volatile day Intraday Levels: Buy Above - 41680 Sell Below - 41430 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Banknifty has consolidated whole week and formed a doji on the weekly charts. The market has remained in 600 points range. There are chances of a trending market in the coming week. Market has respected the support of 20 ema on the weekly time frame. The market has taking resistance from the 20 ema and 61.8% fib levels on the daily charts. A flag and pole pattern...