BankNifty Analysis - Stance Bearish ⬇️ The stance for BankNifty was bearish yesterday and it is still bearish today. The highs and lows of today were more or less matching with the levels of yesterday. Visually the price action is more negative than yesterday, the reason being the highs hit today were due to gap-up whereas yesterday’s high was via fighting it out...
BankNifty Weekly Expiry Analysis Between the last expiry and today, BN fell 383pts and most importantly breached a support level (47539). Even though the start of the week was good, the bulls gave away the control to the bears by Friday. 16mts chart link BankNifty Today Analysis - Stance Bearish ⬇️ Unlike Nifty50, BankNifty did not have a strong pullback...
BankNifty Analysis BankNifty is still caught between the upper & lower end of the ascending channel. Even then it managed to scale to a new all-time high of 48347. Half of the traders would have thought BN would have expiry today, the best way to remember would be to use post-it-notes saying BN expires with Nifty on the last week of the month. 4mts chart link...
Nifty Analysis Recap from yesterday: “I am forced to change my stance from bearish to neutral as the price action now shows a higher tendency to go up rather than down. Those strong RED candles of 20th Dec still haunt me — but it has failed to gather the momentum of the other bears.” 4mts chart link - click here Nifty got a stance change from bearish to...
BankNifty Analysis Further clues for Nifty50’s movement might be hidden in BankNifty’s price action. Unlike Nifty, BankNifty has crowded support & resistance lines nearby that may impact the trend movement. The only way out is to come up with a big RED or GREEN candle break the support/resistance and ensure the momentum picks up. The open (43264) was around the...
Points to check for tomorrow Buyer are trying to get the momentum still but still sellers are present at 44600 to 44750 Might a Gap up opening can make buyers active for tomorrow Sellers can be seen active at below 44400 to 44200 Buyer can been active at above 44700 or 44800 Note : Do your own analysis before taking trade.
Hey Pivster's So, as we know today was expiry for NSE:FINNIFTY1! and market had open with a bullish sentiment at the early hours of the opening bell with good buying force seen in initial minutes of the market as OPEN=LOW too. Buying force was submerged as the first 15min candle closed above the reversal camarilla pivot level H3...after that buyers were not...
Weekly Analysis of BankNifty Banknifty is up 259pts between 15th to 22nd June i.e. current expiry week. Interestingly, BN was looking at steeper cuts on 15th - the price action was pretty negative. Luckily that level is still sacrosanct and has formed an interim support as we had one more retest @ 20th June. Today's Analysis The major anomaly that stands out in...
looking at RSI divergence on daily chart eyeing for target - 43630, 43500 43500 pe entry around 125-130 stop @ your own comfort disclaimer - trade @ own risk
intra trade - bnf 43700 ce buy @ 250-255 stop 150, tgt based on comfort disclaimer - trade @ own risk
Weekly Expiry Analysis From the 4th of May till 11th, NSE:BANKNIFTY has fallen 0.3% ~ 131pts. Headline does not really indicate what went behind. We fell 1028pts in 1 single day i.e. 5th and then scaled back 870pts in the remaining 4 days. How can I not credit the bulls? You might be bored with me praising the bulls everytime - sadly that is the reality. The...
Weekly Analysis NSE:BANKNIFTY has gone up by 1.58% ~ 678pts from last Thursday to today. It has taken out 2 crucial resistance points in the process and nearing the ATH now. Really impressive performance - the banks in India are standing out with their outperformance. Global financial institutions are melting down and many US banks are trading less than 50 to...
Nifty Ideas For Expiry Trades Nifty Ideas For Expiry Trades Green Line for entering longs Red line for shorting Blue line is for targets
After the Fed meeting and decision to increase rates, the US markets witnessed volatility. Indian indices opened lower but staged a recovery in the initial 30 minutes. However strong buying support is likely to come in near 17500-17400 zones only and it may be worthwhile to take a short side trade near to 17720-17760 keeping a stop loss of 17830 and looking for...
For the last 2 days, we see Bank Nifty opening with a Gap down and giving a sideways price action. Being a monthly expiry tomorrow, we may see some volatility during the second half. We could see 34000 is key resistance and 32000 is support. So look for big moves happening above or below it. Happy expiry!
Nifty has reversed from its long-term support levels and has been overstretched ever since. Positionally, NIFTY is in a BULLISH pre-budget rally and on its way to retest/break an all-time high again. Since reversal nifty climbed 790 points and went sideways for a few. Since FII is buying in cash another 790 point rally targets 18100 zones which can be a good...
Bank Nifty Trade Plan for 18th Nov 2021 - Weekly Expiry As I posted in my previous ideas, BN is showing weakness and it has changed its trend from Bullish to Bearish. Expecting market to touch 36000 in the upcoming sessions. For tomorrow the levels you can see in the Chart. If Opens Gap down we can see more selling pressure and more volatile market tomorrow...
BankNifty Expiry seems interesting tomorrow. Expecting sideways action for 1st half and second half might show Breakout / Breakdown. For chart pattern, explained in above chart.