Bank Nifty post market analysis on 17-02-2021Bank Nifty post market analysis on 17-02-2021
Long opportunity at 10:05 candle's high with 1:2 risk reward ratio. Stop Loss is 93 points and Target is 180 points
Reason : Market has taken support from previous day low and printed Bullish Pinbar confirmation candle at 10:00 am candle
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
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Bank Nifty post market analysis on 16/02/2021Bank Nifty post market analysis on 16/02/2021
Short opportunity at 10:45 am candle's low with 1:2 risk reward ratio and target is done
Reason : Day's low break down at 9:50 candle and retrace the same level at 10:45 candle with bearish Pinbar confirmation for short opportunity
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
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.
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.
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.
BANK NIFTY - NIFTY has raced ahead. Banks still playing catch upBANK NIFTY
NIFTY has raced ahead. Banks still playing catch up.
Do you have the legs to make a new lifetime high? OR is a correction in store?
All indicators are positive for now for the rally to continue...
Will the PSU Banks have any say in the next move?
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.
Bank nifty - Facing resistance around 30330-60Bank nifty has formed triple top on 30m chart which is a bearish sign.
If Bank nifty opens gap up on 9th December, it is highly likely that the resistance will break and the uptrend will contnie.
If it opens gap down or flat, 30200 will act as a support, if bank nifty manages to bounce back from 30200 it may break resistance level on 4th attempt.
If 30200 is broken, BNF may test 32000 level.
BANK NIFTY FUTURE VIEW FOR 07/12Bank nifty future closed above recent high (25th nov) as well as BE candle high.
And formed a bullish candle in daily chart and long lower shadow in weekly chart, which indicates more upside in the near term.
Bank Nifty future may trade in the range 30038 -30786
Decision Range :30115 - 30147
Above 30147 : 30252/30360/30466/30584/30689/30786
Below 30115 : 30038/29906
Mid Range : 29337-30884
Let us see what happen....
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Bank Nifty tradesBank nifty is all set for a breakout in the upward direction
but there are a few bearish confluences available like the continuous weakness of Hdfc bank until effective demand zones are reached.
there is a bearish butterfly harmonic pattern forming and there a few looming supply zones also available but due to the time already spent before reaching the supply zone and the eminent consolidation in front of the supply zone it seems obvious that there could be a breakout in either case if it breaks out we will use the supply zones to reate buy positions while
if it does not breakout we will look to buy at the demand zone in the chart in case there is a bearish rally downwards