Bank Nifty is in a rising channel.Bank nifty has been in a channel for quite some time now, accompanying nifty, but presently it is in a rising channel annd it is expected to respect the trendline by taking support rom this level on, intraday leveks are mentioned on the chart.Trade at your risk and consult your financial advisor before taking any financial risk.
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Bank Nifty Prediction for 08 July 2021Bank Nifty Prediction for 08 July 2021
Bank Nifty looks quite bullish and expect to test 36000 if the 35872 resistance taken out.
Expect a flattish to slight gap up opening.
If yesterday closing price sustains on opening we can possible take a long position and expect it to test 35870 levels and if that is taken out we can sit for our bullish breakout zone target.
Any rejection around our Bullish breakout zone we can take possible PE and sit for lower targets.
BANK NIFTY BANK NIFTY Trend Analysis:-
1) BANK NIFTY following to demand / supply zone and down trend chennel lastly
2)\BANK NIFTY today chance for reversal from secondary trend supply line going supply zone first target 35204
3) BANK NIFTY may be secondary trend supply line breakdown going strong support line 343800 take immediately
4 )suppose immediately breakdowned comfimed going strong support zone = 34000
Bank Nifty Looks weak below 35000Bank Nifty is showing some kind of weakness for the last few trading session. It is testing resistance multiple time and broke the support yesterday closing. If Bank Nifty opens below or broke below the support level, we can expect the decent fall.
My view is Bank Nifty may trade between 34400 to 35200
Bank Nifty Bullish for now Breaking the channel in UPTREND BANK NIFTY IS BULLISH AFTER BREAKOUT NOW TARGET IS 36200 FOR NEXT WEEK.
Today bank nifty crossed 35000 level in very fast move and braked the channel in 1 day and 15 minute chart after market opening. it has already braked the channel on 22nd of june 2021 but retest failed at support level,
Today BN braked the channel and took the support around 35000 after passing the retest it flew from 35000 to 35500 in one go . Now banknifty faced resistance at 35500 and the support at 35000. as bank nifty is bullish of now it will brake the 35500 level then we can see 35800 and 36200 soon. 35800 and 36200 are resistance levels for BN.
Bank Nifty (24-06-2021) Bank Nifty has both long and short opportunities; it has already retested support; if the market is bullish, it may go long; if the support is broken, it may go short.
Also, Keep It Mind that
If stock market gurus were true experts, they would buy stock not selling advice. So don't take anyone's word for it; this is just my opinion; do your own analysis
Bank Nifty Intra Day Trade Strategy for 24/6/21
Bank Nifty Analysis – 24/6/21 Bank Nifty Closes At - 34574
Daily time frame – support – 34250
resistance - 35300
Upward trendline support - happens to be at 34250
5 min time frame - resistance at 34900 and support at 34500
Sentiment of the Market – sentiment is bearish
Intraday Action for Various Possibilities -
1) Opens Flat -
a) Goes Up- Buy CE only if it crosses 34650
b) Goes Down – Buy PE if it falls below 34350
2) Opens with Gap Up -
a) But Below 34650 - Buy CE only if it crosses 34900
b) Above 34650
i) Its going up - Buy CE only if it crosses 34900
ii) Its going down -Wait for it to bounce back from 34650 and buy CE when crosses 34900
if it breaks 34500 - then no trade till 34350
and if it breaks 34350 then Buy PE below 34400 till 34200 and beyond.
3) Opens with Gap Down -
a) Above 34500 - Wait for it to bounce back from 34500 and buy CE trade above 34650 only
b) Below 34500-
Keeps on falling then Buy PE up to a fall of 34250, initial support present at 34350
These Levels are for Safe Playing Traders Only and during Live Trading you can always make profit from Scalp Trading between these levels
Bank Nifty Intra Day Trade Strategy for 23/6/21Bank Nifty Analysis - 23/6/21 (22/6&23/6 – same pattern as 17/5-18/5,19/5,20/5)
Daily time frame – support - 34200
resistance - 35300
Upward trendline support - happens to be at 34200
5 min time frame - resistance at 35000 and support at 34650
Sentiment of the Market – sentiment is bullish
Intraday Action for Various Possibilities -
1) Opens Flat -
a) Goes Up- Buy CE only if it crosses 34900
b) Goes Down – Buy PE if it falls below 34450
2) Opens with Gap Up -
a) But Below 34900 - Buy CE only if it crosses 35000
b) Above 34900
i) Its going up - Buy CE only if it crosses 35000
ii) Its going down -Wait for it to bounce back from 34900 and buy CE when crosses 35000
if it breaks 34700 - then no trade till 34400
and if it breaks 34400 then Buy PE below 34400
3) Opens with Gap Down -
a) Above 34700 - Wait for it to bounce back from 34700 and buy CE trade above 34900 only
b) Below 34700-
Keeps on falling then Buy PE up to a fall of 34200, support present at 34400
Bank Nifty Trade Plan for 16 June 2021Bank Nifty Trade Plan for 16 June 2021
Today's Trade Setup :
Global clues looks little weak.
Expected Bank Nifty to open slightly gap down.
If Bank Nifty opens gap down, then 35134 & 35040 is the key support and immediate resistance is 35212.
If Bank Nifty finds some support around 35040 it might test out 35212.
If 35040 is taken out it might go to test the virgin CPR zone around 34860 levels.
On the upside previous session high will be the target if 35212 is taken out.
bank NiftyBank Nifty
Surviving the trend line is key
for extreme near term.
Eventually needs a breakout and close
above 36000 to continue
the sequence of higher top and higher bottom
formation.
A fall and close below 34400
can lead to correction putting
pressure back on Nifty/Sensex
as Bank Nifty stock have weight on
Nifty/Sensex
Bank Nifty Cmp 35048 dated 11.6.2021Bank Nifty Cmp 35048 dated 11.6.2021
Positional view for this week.
Last week Bank Nifty consolidated in a range.
Buy above 35600 tgt 36500-37200 SL 35200
Sell below 34640 tgt 33600-33300 SL 35150
This week we will have to wait for break out or break down.
It is just a view pls trade at your own risk.
Bank Nifty Trade Plan for 10 June 2021 - Expiry Day trade setupBank Nifty Trade Plan for 10 June 2021
How chart looks on HTF :
Bank Nifty formed a bearish candle on daily time frame and manage to take support at previous support of 34600 levels.
Expected Opening :
Expecting a flattish opening in Bank Nifty
Today's Trade Setup :
Bank Nifty is weak compared to Nifty and expecting a flattish open.
If opening range of 34800 sustains on opening then we can expect Bank Nifty to test out the previous weekly resistance of 34930 and next crucial resistance of 35066.
If any rejection from 35066 we can expect it to again test the lower supports of 34800 & 34640 & lower.
Expect Range for Bank Nifty is 35066 to 34400
Being expiry market to be very choppy and look out for premium decay, watch out for your entry timings.
Bank Nifty 35141 dated 28.5.2021 Bank Nifty 35141 dated 28.5.2021
Positional view for this week.
1. Bank Nifty making higher lows, bullish trend.
2. W pattern breakout above 35400,
buy above for a tgt of 36000-36400-37100
37700 SL 34300
Sell below 34400 for a tgt of 33600-33200-
32800-32400-32100 SL 35150
It is just a view, pls trade at your risk.
Bank Nifty - Getting ready for another bull runBank Nifty has formed a bullish flag on 15 and 30 min TFs after making a double bottom in bigger TFs.
Looks good for another 1000-1500 rally minimum
Consider to go long in bank nifty in coming sessions once 34150 is broken and sustained in 15-30 minute candle.
P.S. Flag view gets negated if 33450 is broken in 30 minute candle close