In this video I have done banknifty analysis for Monday 10-10-2022
The important support is placed at 38000
Important resistance is placed at 38600
If market sustain below 38000 we may see more down levels
and then 38000 will start acting as resistance.
Nifty 50
Important levels for the next week
Resistances - 17172,17400
Supports - 16749,16410
Follow price action in important zones.
My view is bearish only. Follow the trend.
Enjoy Trading!!!
Patterns in chart : Symmetrical triangle formation near the support 38600 - 38850.
38600 - 38850 is the nearest trend deciding level and sustaining above that will make the price to give another 1000 pts move towards 39660.
If the price stays below 38600, then it will move towards 38300,38000,37650, 37500.
Note : Take trade when the trend direction is clear to you.
Bharat Forge Limited is an Indian multinational company involved in forging, automotives, energy, construction and mining, railways, marine, aerospace and defence industries. The company was founded by Nilkanthrao A. Kalyani on 19 June 1961
Nifty - slight pullback post 4 days recovery
We can retest 0.38 levels at 17250 and reverse.
For tomorrow view is sideways to bullish but follow the levels.
Keep a strict SL of 50 points.
Also this video and all future videos will be only for learning purpose.
Please consult your financial advisor before investing.
Thank you.
GOLD SPOT USD looks like selling pressure below 1700
if 1700 break and fall down wait for retest the 1700 for good selling pressure
ABOVE 1730 We Wil get Buy Signal , If the retest fail after 1730 break then selling signal pressure comes
Nifty Bullish Harami pattern proven- Range is broken on upper side at 17200.
We can retest 17200 and move higher.
For thursday expiry my view is bullish but follow the levels.
Keep a strict SL of 50 points.
Also this video and all future videos will be only for learning purpose.
Please consult your financial advisor before investing.
Thank you.
The patterns seen in the chart in daily time frame are rounding bottom and upward channel. Price gave break out today.
Plan A : Buying if the price sustains 715 – 720 for the targets 728,734,742 and 748.
Plan B : Observe and go short if price shows bearish strength below 715.
Plan C : If market give surprise with gap up/gap down, trade using...
Nifty formed kind of Bullish Harami pattern - has been consolidating in the tight range between 16750 to 17200 levels.
Break on either side will decide the trend.
For tomorrow my view is sideways to bullish but follow the levels.
Keep a strict SL of 50 points.
Also this video and all future videos will be only for learning purpose.
Please consult your financial...
The indices fell today despite positive cues from US market. SGX indicates a bullish open. Do you feel Nifty will hold 16900 and bounce back above 17k?
