Please find important levels of BNF for 19th May. I’d suggest you to trade in Nifty tomorrow over BNF. BNF is relatively weaker. Look for pullback in support areas to go long. Do not buy breakouts except if in the morning. Expect big moves, keep position size small. Like and follow for updates.
. Let's move forward. Because of criysis it will go down but problem is reversal inverted 🔨. As candle stick pattern we can long but news is playing major role. Let's see I will update tomorrow. My work is to give advice it will go up or down.
It's my view I can analisys but I would like to give real advice by the way it's hard to make in phone... But yeh nifty and bnf will go down Why : DJi just gone -300 pts .
I have predicted fall and achieved.... Because of lack of equipment I cant give well analisys but my view will always e Here.....
As shown in the picture BNF can face resistance around 31450 to 31780. The Zone is created on SPOT indices levels.
BNF is going to touch 29500 for sure in coming days wait for that
Here 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...
From 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...
BNF: Not quite the directional clarity as we get into this session, probably today shd confirm it on either side. I'm looking for these primary zones 1. RE @ 27430-50 areas, trading above that a potential test of 27550 zones.Hold abv that 27680 is on. 2.swing RE @ 27550 areas, look for a short set up there. 3.Hold below 27250- rotation bk to 27100-130 areas All...
From 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 -...
BANKNIFTY 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...
Long BNF check chart for details
BNF second target 26920 today
The 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...
Banknifty close to retracement level tops, Booked the longs in open as laid out in the plan. 25K CE OI is still stacked up and declining volumes in this zone. so odds are in favour for a low probability short.Going short at near 25000 futures levels. with SL above 25150. this can mature into a swing short if 24740 cracks on the downside. else expect a small...
BANKNIFTY looks like have formed some sort of temporary base here. so the upside reward versus risk and a probability scenario is more favourable. Until the levels of 24100 hold steady a pull back is a likely scenario. Initial target zones will be 24700 a clear of that can test 25200 levels. Although do remember the long term swing set up still remains bearish....
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...