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BANK NIFTY 03-03-2022BANK NIFTY 03-03-2022 NO DOUBT ITS BEARISH SO WE WILL PREFER SELL TRADE. BLUE LINES 35220-35330 act as Central RED LINES 35940-36120 act as Resistance GREEN LINES 34930-34680 act as Support SO we Sell at Resistance and buy at Support BUT REMEMBER ONE THING ITS CRUCIAL SUPPORT AND ALREADY TESTED 2 TIMES IF IT AGAIN COME NEAR 34684 WE MAY SEE BLOOD BATH UP TO 33550-33410 BANK NIFTY IS MUCH MUCH WEEK AS COMPARED TO NIFTY if open gap UP sell near 35940-36030 for tgt of 1st 35330-35220 2nd 34930-34680 3rd 33550-33410 with sl 15min closed above our resistance 36030
NSE:BANKNIFTY
by abhinavasawa
Bank Nifty - 38811 next resistanceBank Nifty made a nice green bullish candle heading towards 38811. Helped by DII buying more than FIIs, net buying at 901cr. PCR at 0.88 indicates market no longer harbours fear of a downside, moving into comfort. Vix also went down by 5.74%. CPR is 126pts wide and will support bank Nifty on the downside (below todays close). Expect a trending market to next resistance levels. Max pain on weekly expiry is at 38500, quite close to todays close. So we could see a shifting of max pain to higher levels with the uptrend. Let us see if market indeed continues the uptrend. What do you think?
NSE:BANKNIFTYLong
by PromodSshrivastava
BANK NIFTY 09 FEB LEVELSBANK NIFTY Trade Plan for 09 Feb 1. iDEA SHARED YESTERDAY WORKED- sell below 37850 and reversal will be seen in the market at 37500 levels while 37400 marked in chart gave bullish reversal 2. Tomorrow I will only look for Buy opportuinity considering BN has given w pattern and we have a new trandline. Nifty closed above 17200. 3. One can use these levels as pullbackentry for safe confident trade. Below levels are Fib golden levels. Best trades are to spot price action momentum at Levels marked
NSE:BANKNIFTY
by pshivu
Bank Nifty- Will it breach 50/100EMA to go to 37070?Bank Nifty made a big red candle continuing corrective move but closed above all three 50/100/200EMA. The momentum on the downside was hastened by DIIs selling for 1376cr, much more than DIIs who sold for 1157cr total selling of 2534cr. Bank nifty could find good support at 37070/36570. CPR is wide at 216pts. so a gap down opening could mean a major resistance at CPR (38104-38320) PCR is oversold at 0.53 so contra indicates an upward move soon. Let us see how markets trade tomorrow.
NSE:BANKNIFTYShort
by PromodSshrivastava
BANK NIFTY this is all about Sbi.Bank nifty weekly close with positive note It now all depends on how market reacts to sbi result. my target for sbi was 546 earlier it has touched that .next target 604. I have not seen any broker's recommendation but I think some broker will give target in that region. let us see. as per bank nifty it has to take out the Uml of the pitch fork to proceed further. let us see how bank nifty reacts to the Sbi result. Harmonic levels I have mentioned in the chart. Very much bullish Gartley pattern in making. Don't forget to like my post. follow me to get updates. UML of pich fork is imp. if bank nifty reacts negative and violates Friday low then more down side possible.
NSE:BANKNIFTY
by bijoy2526
Bank Nifty Looking Bullish in near future ?Bank Nifty looking bullish in near future in hourly timeframe, also closed above the resistance 38816, yesterdays low (on budget day) despite of the volatility it took support at 0.38 Fibonacci level drawn from recent swing low. Post Budget 2022 HDFC Bank the majority weightage stock of Bank Nifty has rallied more than 2% and other Private Banks like ICICI and Kotak which also have more weightage in BNF have posted good results prior to the budget, and the India VIX also dropped till 18.6 which is a good sign for stability in the markets, so after looking at all these parameters BNF looks to be bullish in near future.
NSE:BANKNIFTY
by TradingCraftsman