Here we are discussing about the live analysis of the banknifty Move for 6th Mar 24.
here we have used the Priceaction and techincal mix analysis for going in the trade.
Hello Guys
BANKNIFY is In Range Bound
If BANKNIFY Breaks 41520 Then Buy First Target 41575
Second Target 41650 Third Target 41695
If BANK NIFTY Not Closed Above 41480 And Closes Below 41390 Then Go Short First Target 41215 Second Target 41130 Third Target 41015 If BANKNIFY Breaks 41015 Then It Will Fall Upto 40955
Hope The Best Happy Trading And Protect Your...
bank nifty is near a crucial level and is volatile.
Its sustaining near the same level for the last trading day.
Major support on weekly analysis is around 37225-50 and 36820.
Resistance 37850-900 and 38125.
Between these levels we are not going to trade.
So just wait for a breakout on either side.
we can long and short both on bank nifty
depends upon the levels which it makes
try and take the trade asap after the
opening bell
:
comment if u feel any correction is req.
If Tomorrow Market Open above on Last day 15 min candle high and taking Support 34540 Then Go Long for 34870.
If Market Open Below 34540 Then Go Short Upto 34295 and if this level Break then Target will be 34063
Avoid Trade if Market GO SIDE WAYS IF GIVEN LEVEL BREAK THEN TAKE TRADE
Only fOR Educational Purpose
Analysis Purely Based On PRICE ACTION
If a trend continuous go for selling side======OR======= If It Breaks wait for retest and go for long side
+++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++
---------------------------------{IF YOU DRAW THOSE IMPORTANT ZONES IN 5MIN CHART IT LOOKS GOOD}---------------------------------
====FOR...
BankNifty Broke out of an important resistance 34000
Now it is making flag n pole continuation patterns
Support @ 33950
Resistance @ 35100
Strategy : Buy the Dip
Happy Trading !!!
Bearish Bias :
Head and Shoulder Pattern not broken down yet,if breaks, targets for downside open up
If doesn't break down but goes upside above 35232,
then upside targets open up
Tomorrow if the price opens gap up then those are the targets for the near future of this month.
If it falls below then these are the below level.
-Vinod
#banknifty OI up by 9.03 % and price up by 0.52% % shows neutral setup and ended the day with Doji setup.
Nothing much has changed today, it's an option sellers day.
bank nifty was able to defend the trendline breakout whole day with low volume until we have followup buying higher side targets are tough.
The trend is positive, trend changes below 21,909.
Tough...
HOW I TRADED WITH YESTERDAY PLAN SHARED ONE DAY ADVANCE.
1. AS I DISCLOSED YESTERDAY CARRIED LONGS. SO HOW MARKET REACTED TOADY ? INFACT IT OPENED WITH GAP ABOVE DOTTED GREEN LINE ALMOST 450 PTS UP. SINCE THE PRICE WAS UP FROM DOTTED GREEN LINE I WAITED TO SEE WHETHER THIS WOULD ACT AS SUPPORT OR NOT. FEW MINUTES LATER I FOUND PRICE BREACHED IT WITHOUT DELAY...
HOW I FACED MARKET TODAY ON PREVIOUS DAY MANIFESTATION OF MARKET MOVE BEFORE IT HAPPENED.
1. ON FRIDAY EVENING I DISCLOSED IN MY POST THAT I CARRIED MY POSITIONS IN LONG SIDE. YOU ALL KNOW I CARRY ANY POSITIONS, I OPEN IN FRONT OF YOU . SOTHAT YOU CAN AUTHENTICATE MY STATEMENTS WITH THE REACTION OF MARKET NEXT DAY.
2. WHEN BNF OPENED GAP UP NEAR THE END OF LOWER...
LAST WEEK I SHARED THE SAME SETUP OF DAILY CHART , PRICE IS HOVERING IN YELLOW CIRCLE.ONE WHITE COLOR SUPPRT LINE IS INTACT. A UPWARD SLOPING CHANNEL IN GRREN COLOR IS INTACT. TILL PRICE REMAIN IN THIS CHANNEL NIFTY IS SUPPOSED TO MOVE UP SIDE. IN ANY CASE I F GREEN CHANNEL IS BREACHED THEN LONG POSITIONS FOR THIME BEING SHULD BE SURRENDERED. ON THE CONTARY ONE...
