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#Banknifty directions and levels for December 12th.Good Morning, friends! 🌞 Here are the market directions and levels for December 12th. Market Overview: There have been no significant changes in global and local markets, and both continue to maintain a bullish sentiment. Today, the market is expected to open with a neutral to slightly gap-down start, as the Gift Nifty is showing a negative 10 points at 8:00 AM. In the first two trading sessions of the week, there were no major events in either the local or global markets, leading to choppy movements. However, yesterday, the US market had inflation data released. Interestingly, the market did not react significantly to the data, with the Dow Jones ending slightly negative. This indicates that it might not have much of an impact on our market today. What About Today? Even though we are in a range-bound market, the overall bias remains bullish. So, even if the market starts on a negative note or undergoes some initial correction, it is likely to bounce back by the end of the day. On the other hand, if the market pulls back and sustains its levels, we can expect the rally to continue. It's important to note that these scenarios will only unfold if the market breaks the minor range that I mentioned in the chart. Apart from this, all the relevant information has been discussed in the previous sessions, which we can continue to follow for guidance.
NSE:BANKNIFTY
by Manickamtraders
Market Mood - 15/10/2024If the market opens above 24,992 - it might touch 25,700 and bounce back if the resistance is strong. If the market opens below 24,964, it won't last long and will definitely bounce back upward, as the support is huge. Otherwise, it will touch 24,165 and will bounce back. Strong Support is at 24,964, which combines the horizontal and parallel support levels. This mid-line has been providing support since the third week of July. The index climbed above the 50-day EMA but still traded below the 10-day and 20-day EMAs. The momentum indicator RSI (Relative Strength Index) at 46.54 on the daily charts seems to be climbing towards the 50 mark. Global Markets: GIFT Nifty is trading at a discount of 30 points. Asian Markets are trading in the positive territory. Market Moving News: Hyundai IPO Opens today for subscriptions. Important Levels Resistance based on pivot points: 25,156, 25,190, and 25,244 Support based on pivot points: 25,047, 25,014, and 24,959
NSE:NIFTYLong
by skymaninvestments
Market Mood - 14/10/2024Markets are expected to be rangebound for today as well unless there is a news/event that moves the market abruptly. If the market opens above 24,965 - it will touch 25,700 and might bounce back if the resistance is strong. If the market opens below 24,964 - it will touch 24,772 and then bounce back in the upward movement as the support is HUGE. Else, it will touch 24,165 and will definitely bounce back. Strong Support at 24,964 which combines both the horizontal and parallel support levels. This mid-line has been providing support since the third week of July. GIFT Nifty is trading at 50 points down and the rest of the Asian markets, barring Hong Kong, are trading positive. It seems that the Israel/Palentine/Iran war has been factored in. Resistance based on pivot points: 25,012, 25,038, and 25,080 Support based on pivot points: 24,930, 24,904, and 24,862
NSE:NIFTY
by skymaninvestments
FAIR VALUE GAP FVG GIFT NIFTY Fair Value Gap (FVG) trading is a strategy used by price action traders to identify market imbalances and inefficiencies. Here’s a concise overview: What is a Fair Value Gap (FVG)? A Fair Value Gap occurs when there is a significant price movement caused by strong buying or selling pressure, leaving a gap on the price chart. This gap is seen as an area where the market has not traded efficiently, creating an imbalance1. How to Identify FVGs FVGs are typically identified using a three-candlestick pattern: Bullish FVG: Forms when the top wick of the first candlestick does not connect with the bottom wick of the third candlestick. Bearish FVG: Forms when the bottom wick of the first candlestick does not connect with the top wick of the third candlestick12. Trading FVGs Traders use FVGs to predict potential price movements: Entry Points: FVGs can act as support (bullish) or resistance (bearish) levels. Exit Points: Traders often exit trades when the price revisits the FVG, expecting a correction2. Benefits and Limitations Benefits: Helps in identifying potential reversal points and market corrections.
NSEIX:NIFTY1!Long
by Faizgazi
Market Mood - 24/09/2024The market will be opening flat as suggested by GIFT Nifty which is trading at around 11 points negative as of the time of publishing this post. Yesterday, the market was obeying the trendline support and resistance and as per what I predicted, it stayed within that trendline for the entire day. Today seems to be no different as I believe that the range for today will be within the trendlines only. Even though the market opens gap up/down, it will go inside that trendline and will trade within that. Very strong support is placed at 25,450 and resistance is placed at 26,000. Trade cautiously with trailing SL if the market moves higher and lock in your profits accordingly.
NSE:NIFTYLong
by skymaninvestments
20/09/2024 - Market Mood for the dayAll of the expectations for the FED rate cuts were factored in the market last week. Yesterday, heavy profit booking was seen in the markets overall, and hence, the index lost around 130 points intraday to settle at around 35 points positive. Usually, whenever there is a resistance zone, if the market crosses it and comes back to the same zone, it will act as a support zone, and that's the time and place to initiate a buy transaction. All Asian markets are positive and GIFT Nifty closed 203 points up as of 0230 IST. This indicates that the market will open positively today and stay the same. Since the FED has cut the rates, the US bond markets have become less profitable. I am expecting the money to flow from the US bond markets to Indian markets sooner than expected. BTW, Bajaj Housing Finance has been beaten down to less than its listing price and it's a good time to buy and hold the same. Happy Friday.
NSE:NIFTYLong
by skymaninvestments
BankNifty Support&Resistance Levels for 9th Sep MondayBanknifty Support and Resitance levels for Monday Immeadiate Resistance is 50700 Area. Immeadiate Support is 50470 Area. Expecting a gap down with gift nifty close on firday night. In case of gap down do not jump into any trade to short some profit booking may happen that will cause price to retrace high a bit consolidate then fall again , 50200 and 50000 lowerside levels are important supports to watch for this week.if voilates another 1000 to 1500 points downside will open gates. watch pa at given levels on chart for rejection of BO's ,
NSE:BANKNIFTY
by rakeshreddym
BankNifty Intraday Support & Resistance Levels for 05.09.2024On Wednesday, BankNifty opened with a gap down, landing inside the 75m demand zone. It made a low of 51259.90 but managed a slight recovery by the end of the day, closing at 51400.25 (still within the 75m demand zone). The weekly trend (50 SMA) is positive, while the daily trend (50 SMA) remains sideways. Currently, GIFT NIFTY is trading 90 points higher, suggesting a potential gap-up opening today. Support Levels: Near Demand/Support Zone (75m): 51240 - 51433 (current price inside the zone) Near Minor Demand/Support Zone (15m): 50984 - 51073 Far Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Supply/Resistance Zone (15m): 51665 - 51732 Far Supply/Resistance Zone (30m): 52103 - 52340 Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 04.09.2024On Tuesday, BankNifty opened flat, dipped to a low of 51240 but quickly recovered, closing near the day's high at 51750.10. I clearly mentioned in the previous posts that, "if BankNifty sustains above 51316, we might see a rally to 51750 and beyond," which is exactly what happened. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. With GIFT NIFTY trading 200 points lower, a gap-down opening is possible today. Support Levels: Near Demand/Support Zone (75m): 51240 - 51433 Near Minor Demand/Support Zone (15m): 50984 - 51073 Far Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Supply/Resistance Zone (30m): 52103 - 52340 Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
As said earlier gift nifty going to 21520On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
NSEIX:NIFTY1!
by JaiPrakashShuklaHarmonicTrader
#Banknifty direction and levels for NOV 3"Good morning, friends! As of November 3, the global market sentiment is bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bullish trend. It may open with a long gap-down start because the gift nifty indicates 100+. If it opens with a long gap-up, we can expect a rally continuation when it sustains. On the other hand, if it doesn't sustain after the gap-up and undergoes a minimum 38% Fibonacci correction, we should consider this as a corrective change."
NSE:BANKNIFTY
by Manickamtraders
#finnifty direction and levels for NOV 3"Good morning, friends! As of November 3, the global market sentiment is bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bullish trend. It may open with a long gap-down start because the gift nifty indicates 100+. If it opens with a long gap-up, we can expect a rally continuation when it sustains. On the other hand, if it doesn't sustain after the gap-up and undergoes a minimum 38% Fibonacci correction, we should consider this as a corrective change."
NSE:CNXFINANCE
by Manickamtraders
Marvellous Monday coming up- Big rebound expected! While the nomenclature may seem ridiculous at first glance, considering the all round negativity around with Dow Jones crashing late Friday night, Gift Nifty indicating a Gap Down Opening, the Middle East Crisis worsening & some experts even going to the extent of predicting World War III. Whether that eventually happens or not is a discussion left for another day. Some so called geniuses predicating a doomsday scenario make us the Equity Investors look the biggest fools. However the technical data suggests that Monday, 23rd October could well see the markets ending in the green led by stocks specifically from chemical, auto & media space. For stock specific predictions, watch this space for more during live market trading hours. For more such interesting & exclusive (via chat on this forum) ideas & predictions do hit the like button & follow my user id- thank you
NSE:NIFTYLong
by Bajrangi-Bhaijaan
BankNifty levels for Monday 9th Oct Banknifty reacted well with RBI policy looking bullish and with global sentiments & GIFT NIFTY indicating a gap up open. Expected opening at or arond 44500 to 44600 area in that case wait for retrace it to test the low area support of 44400-44550 area previously resistance if holds then go long with positive price action there for targets of 44600,44700,44800,45000. Anything sustains below 44400 could test lower area of 44000 and 43800 again.
NSE:BANKNIFTY
by rakeshreddym
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