Bank Nifty - Harmonic PatternBank nifty had broken all the previous supports today and is expected to continue its down trend. As bank nifty is overly sold, a pull back rally can be expected before it continues its down trend. Currently, Bank Nifty is sell on rise mode and one can expect a reversal from the marked harmonic level.
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BANK NIFTY Analysis [Sell]Bank Nifty is crucial, with its support around 34100 level and resistance at 36650.
If the tension between Russia and Ukraine arises, and the market opens with a gap down and sustains that level, BANK NIFTY can be sold with proper Stop loss.
The Analysis is based on Support and Resistance and market News with a price action strategy expecting a downward movement.
BANK NIFTY 04-03-2022BANK NIFTY 04-03-2022
as global market shows gap DOWN opening
if bank nifty open below 34730 and sustain for 15 min it means 1st 1 min candle should be red then sell below 1st 15 min candle low
for tgt of 33365 - 32990
with sl of 35335 15 min close
we only think for buy when its closed above 33335 on daily basis for now on
BANK NIFTY 4MAR LEVELSBank Nifty Trade idea for 4 March
1. Markets are always there to surprise and trick retail traders. While the US markets looked positive and made a big recovery overnight the SGX Nifty did not reflect the gap up. One had to be prepared for downside move without bias
2. Key levels marked on both upside and lower sides. There are plenty of resistance on top thus,
on the upside, BN has to break the 35119 with a bullish 15 minute closing for long and next resistance area 35341
on the downside 34900 is holding up so aggressive trade can go short below 34850 levels and conservative safe trade entry can look short below 34700
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
BANK NIFTY 23-02-2022BANK NIFTY 23-02-2022
EXPECTING BANK NIFTY TO BE IN A RANGE
UPPER SIDE RESISTANCE 37561-37667
LOWER SIDE SUPPORT 37331-37233
TODAY OPEN GAP UP IN OUR RESISTANCE LEVEL
if 15 min candle closed below our resistance zone sell for tgt of support zone with sl of 15 min candle crossed above resistance zone
BANK NIFTY 22-02-2022BANK NIFTY 22-02-2022
BANK NIFTY NO DOUBT SHOWING SIDE WAYS MOVEMENTUM BUT DU TO NIFTY WE MAY SEEN ONE SIDE MOVEMENTUM
if open in our buying zone 36630-36770 then buy with sl one close of 30 min below this buying zone
target is 37560-37660 ; 38000-38100 ; 38540-38590 ; 38850-38960
Bank Nifty Trade Setup for 11 FEB 2022Bank Nifty Trade Setup for 11 FEB 2022
Bank Nifty expected to open around S1 Support 38622.
In case BN fails to sustain 38610 during the initial opening, then we can anticipate yesterday CPR zone 38500 getting tested.
In case 38500 getting compromised we can expect T1 & T2.
In case S1 support getting confirmed then we can go long with target as CPR, if CPR taken out we an expect PDH target.
Bank Nifty Trade Plan for 10 FEB 2022Bank Nifty Trade Plan for 10 FEB 2022
Bank Nifty as expected after the bullish closing yesterday, is opening with a gap around R1 Resistance & Bullish BO of 38775 - 38860
It is also coinciding with a Virgin CPR of FEB 7 which should act as a possible resistance, if that is taken on upside we can expect Possible Target 1 & Target 2.
Any resistance from R1 or VIrgin CPR, we can expect Bank Nifty to test PDC.
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?
Bank Nifty Trade Setup for 09 FEB 2022Bank Nifty Trade Setup for 09 FEB 2022
Bank Nifty expected to with a small gap up opening around PDH.
Any pull back to CPR & support confirmed we can possibly go long with an anticipated target of 38525.
A breakout above Bullish Break out can expect Target 1 & Target 2.
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