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Bnf

BNF trade plan for 8th June DOW gave some real good rally on Friday and ended up hitting a resistance zone and BNF followed the trend by rallying upside in last 45 min of Friday trading. If DOW doesn't fall drastically on Monday morning, we may see good GAP UP opening for BNF have plotted BNF upper resistance from GAP opening perspective if BNF GAP opens above 21575 , we may see upside taking it to next Fib levels , but if BNF GAP opens less than 21500 we may see a reversal. How sharp that reversal would be lot dependent on DOW behaving Monday morning will update before market open based on DOW position Happy Trading
NSE:BANKNIFTY
by msk_analysis
4
Bank Nifty Weekly Analysis 3Here is my analysis for coming week. I would suggest be careful on coming Monday as only 3 days of trading this week, Market would be more volatile this Monday. TIPS - If market open gap up, be careful and trade only if it creates a candle (after confirmation) above 30400 to R1 (shown in chart) - If market opens gap down, it could easily go down 70-100 points or maybe more If it goes below S3 and S4, Then we will see a big downfall. Personally, I feel like market would go up. It is a temporary pull back after a 2 days long and +500 point movement. You could go and check my previous posts and confirm my analysis success rate and confirm it by yourself :) Please like, follow and leave your feedback. Thank You, Happy Trading Disclaimer: I am not a registered broker or analyst these are only my opinions based on current market and I am not responsible for anything based on my idea. Do your own research before trading.
NSE:BANKNIFTY
by hey24sheep
BANKNIFTY- what lies AheadFrom a larger time frame context looking keenly at these 2 zones in the markets. Idea is we ride the trend on the upside as market evolves but be prepared for a failure at the upper zone for a potential reversal or a break out above that for another leg of move. On the downside a break below the support areas, will lead to a potential correction and rotation back to the balance areas of 27150 zones. the three potential trade scenarios are presented
NSE:BANKNIFTY
by PowerTrades
BANKNIFTY Potential Trade scenariosFrom here based on candle and volume profile information, Looking at 3 potential scenarios in banknifty in near term in coming sessions. 1. Breakout above 27200 areas - so buy on hold above 27200 areas 2.test of 26800 zones and hold - look for short term weakness to test 26800 provided a hold below prev day VAH 3. break below 26800 for test back to 26380 - initiate further shorts on break and hold below 26800 all levels are provided on spot values
NSE:BANKNIFTY
by PowerTrades
BANKNIFTY - Context and What Lies aheadBANKNIFTY we made a sort of a top at a very mechanical levels from spot point of view. there is also major pivot highs near the 26800-50 region. Until that is taken out we are likely to retrace back towards the value zones. The mean of this pullback is 26380 areas and that can be a potential retracement zone, The swing low being 26050 areas. the above scenario becomes in valid if we manage to trade above 26850, hence risk reward is pretty favorable
NSE:BANKNIFTYShort
by PowerTrades
BANKNIFTY- Trading plan coming sessions #BNF #BANKNIFTYThe previous week marked a consolidation at a higher level for BANKNIFTY and we also saw a significant divergence between NIFTY and BANKNIFTY. The trading zones of 25540-25640 served as a supply zone for buyers and trading there or above that range should be a candidate for a pullback trade. On the upside a conclusive break above 25750 needs to be supported by NIFTY as well to test the levels of 25900-920 which was a weekly volume traded zone.
NSE:BANKNIFTY
by PowerTrades
BANKNIFTY Planning the next trade set up here.27-feb: since few sessions before when we established that the 24850 is a base, Banknifty had a relentless rally to reverse the mid term swing. long term view still remains short. Hence sooner or later it will give a good short opportunity. For a day trading point of view yesterday lot of consolidation happened at the top, indicating some fatigue from the long side players. Now we have a major retracement at 25880 and swing resistance at 25950-970 zones. These zones if tested can give good short opportunities for the traders. On the downside intraday support now emerges at 25640-50 zones.
NSE:BANKNIFTYShort
by PowerTrades
3