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Bank Nifty FuturesBank Nifty Futures RSI on daily charts has just bounced from 50. Moving average are just crossing over and there was a recent Doji which could be a start of a new uptrend. Daily charts means that this study is for a positional or short-term trade with a timeframe of about a week. Intraday charts or 15m charts look a little doubtful. I am looking at Heikin Ashi to understand the trend and the closing candle was a red one and this means that we might see a little weakness in the start of the day. I tend to lean more towards the chances because RSI is in the overbought range as well. The first support is at around 36000 which is a good 485 points from the closing of 36485. Entry to make new long positions can be made at around 36300 levels with stop loss well below 36000. I feel that bank nifty will bounce back once it finds support.
NSE:BANKNIFTY1!Long
by virralthakkaar
Bank Nifty post market analysis on 23-02-2021Bank Nifty post market analysis on 23-02-2021 Short opportunity at 10:35 am candle's low with 1:3 RR Reason : Market retraces yesterday's breakout zone and reversed with Bearish pinbar confirmation High probability trade setup : Yesterday's support becomes resistance + Top CPR + Descending channel resistance + Bearish pinbar confirmation at resistance area Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
NSE:BANKNIFTYShort
by ponraj_srinivasan
3
BANK NIFTY NR7 day waiting for a move.bank nifty was hovering around in a tight range. but it closes below 5 dma. its upside break out may be anticipated with upside break out of sbi again. axis bank.icici bank.kotak bank idfcfirst,federal bank ended with green candle where as pnb.bob,hdfc bank with red candles. axis bank.icici bank and sbi were trading with in tight range. 35500 appears to be strong support. if it breaks this level much down side expected. for any long position 35500 stould be the stop loss.
NSE:BANKNIFTY
by bijoy2526
1
Bank nifty conditional good short candidateBank nifty spot cmp :- 35765 Bank nifty is making inside candle formation,, with narrow range . breaking below which would lead to nearest gap filling which is around 35400 to 34550 levels. Breaking below 35400 and sustaining for 20-30 mins will lead to fall till levels of 34780-34820 levels.. further below 34780 if breaks and sustain can fall to levels of 34180-34300 range.. Big gap around 33300-33600 range is pending to be filled,, which can be filled if breaks below 34000 levels and sustains... View gets negated above 35800 once trade gets activate.
NSE:BANKNIFTYShort
by RUDRA007
Bank Nifty 03/02/21 21.32 hourBank Nifty has tested the breakout implication target 161.8% of the fall from 32971 to 29752. Expected level was 35000 and the same has been attained as high registered on 03/02/21 is 34998. An indecisive candle- doji/hanging man has been formed which suggest that further direction is out side the range of 03/02/21. The high and low registered on 03/02/21 is 34998/34097. Traders if long and holding the same can revise up the stop loss to 34000. If Bank Nifty sustains above the open of the day on 04/02/21 market and trades above 35000 then trade long with low of the day stop loss or 34800. Correction and sideways volatility may emerge if sustains below 34000. If trades below the open and below 34000 then expect correction to be resume of the rise from 29752 . The gap support at lower range below 34000 is placed at 33601-33276. On fall and close below 34000 expect correction to test the gap of 33601-33276. If the upside momentum sustains then expect a gradual rise towards 261.8% of the fall from 32971 to 29752. The 261.8% retracement of the fall is at 38280.
NSE:BANKNIFTY1!
by hitendravasudeo
BANK NIFTY trade setup for 04 Jan 2021BANK NIFTY trade setup for 04 Jan 2021 Bank nifty traded in a tight parallel zone for the last couple of days and closed below the today cpr levels. But we can expect a positive upwards movement in the bank nifty today as the global news are all good. Any dip to the support zones will be good buying opportunity and we can look out for the upper targets as plotted. The currently plotted Buy & sell zones are calculated based on historic price values and the exact levels will be updated by the indicator once the market opens up.
NSE:BANKNIFTY
by RaviChandran_Rajkumar