BankNifty - WaveTalks : Five Elements to WatchGood Morning All,
Traders should watch these Five Elements to plan their trade next.
Penultimate Wave ( Triangular Wave)
Upper trendline
Upper trendline of the triangle shown in the circle can act as support so Index holding 41450- 41500 can push short term upside 41750-41800
Key Level - 41051
1st warning sign for bulls - break of key level
Critical Level - 40800
Most important level to break & bulls have to be extremely cautious
Pattern Unfolding Next?
Pattern which will unfold in next few sessions as it could be last wave (pattern) of the sequence which started from 37386.35 will decide the next course of action.
Once critical level 40800 is broken - Traders have to be careful.
Keylevels
BankNifty Daily Levels Update For Option Day Trading Key Levels For Easy Option Buying & Selling in Banknifty
Banknifty Important Support Zones
First Support Zone For BankNifty – ( 40164 - 40198 )
Second Support Zone For BankNifty – ( 39918 - 39948 )
Third Support Zone For Bank Nifty – ( 39570 - 39594 )
BankNifty Importatnt Resistance Zones
First Resistance Zone For BankNifty – ( 40452 - 40440 )
Second Resistance Zone For BankNifty – ( 40570 - 40545 )
Third Resistance Zone For BankNifty – ( 40862 - 40830 )
Fourth Resistance Zone For Banknifty - ( 41162 - 41137)
Nifty Daily Levels Update For Option Day Trading for 27 Sept Key Levels For Day Trading in Nifty Fifty
Support Zones For Nifty On Tuesday
First Support Zone For Nifty - 16979 - 16992
Second Support Zone For Nifty - 16848 - 16862
Third Support Zone For Nifty - 16714 - 16723
Resistance Zones For Nifty On Tuesday
First Resistance Zone For Nifty - 17076 - 17060
Second Resistance Zone For Nifty - 17174 - 16160
Third Resistance Zone For Nifty - 17294 - 17279
Fotrh Resistance Zone For Nifty - 17422 - 17432
Nifty 50 Set to Cool offNifty stands at 17,530 level after breaking key support of 17,644 level which triggered stop los after attaining a sharp rally to 18,100+ levels. The prices failed to break for a significant breakout above the resistance line and we can see a weak week for Nifty this time.
In the coming week, Crucial Levels are:
S1: 17,300
S2:17,000
R1:18,145
R2:18,349
Market looks weak for this week as nifty is set to cool off a little after last month's rally.
WaveTalks - Nifty: Double Top at 17430 (7th Sep2021)Short Video connecting the path which unfolded for Index Nifty after Bullish Gartley at 17055 –last idea & upcoming moves to be expected with key & critical levels.
Thanks for watching the video
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Last Idea- 2nd Sep2021- Bullish Gartley at 17055
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#BANKNIFTY Respecting the key levels till nowIn the previous banknifty idea we saw a breakdown and the next key level was 23531. Recently it was close to touch this level and moved up. Now, if holds this level we can see 24220 and holding above it we can witness 24600 and 24813 again. If breaks 24220 and sustains below it, the next support could be 23230 and 22981 levels.
Regards
Will Nifty start consolidating after reaching the highs ?Nifty trading @10930.
Probably nifty will open gap up or flat on monday.
Major key levels are mentioned on the charts.
Next supply zone will be (11078-11167) with the resistance @10985
On downside there is key Demand zone @(10228-10390) with the support @10550