BANKNIFTY - GOOD TIME TO CREATE LONGS ?Symbol - BANKNIFTY
BANKNIFTY gave a breakout of ATH & touched 49000 level & then exhibited some profit booking due to global news flow. It is currently trading at 47335 which is a good support area.
I think BN will take support at these levels & will show a reversal from here.
Hence I am creating
Market indices
Nifty 50 ( 19th April )Any hourly closing above 21911 then upward momentum 📈 to price level marked on the chart
Closing below 21804 📉 📉 in any 1hr 🕯 then more corrections is possible
21804 --- 21910 ( No trade zone ) sideways
Disclaimer:
It's a personal view not a financial advise and I assume no respons
BNIFTY-Tppk Long CallBNIFTY : As told earlier took long call at 47150-its 50DEMA for a target of 47500-600+ with a SL of 47100(For educational purpose only)
Banknifty prediction for today 19 APR 24As we discussed, Banknifty has been falling for the last four sessions.
If we look at the charts:
The market is reaching near the support trendline, which is going to provide a potential support zone for Banknifty.
if we look at the OI:
PCR = 0.67 shows the market is in a bearish phas
#Nifty Directions and levels of April 19th."Good morning, friends! Here are the directions for April 19th:
The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -350 point decrease.
GiftNifty
NIFTY WAVE COUNT AND TARGETNifty 50 Wave Count And Targets
optional counts are in perple
Minimum after Ending Diogonal
Target 1 21763.10 if turns from here then 21956.45 - 22149.80
Target 2 21487.85
Target 3 21137.20
SELL NIFTY @ 22290 - 22300 | INTRADAY TRADE 18TH APRILWe may see some selling from 22300 - 22290 for 22250 and lower marked levels on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Midnifty Intraday Analysis for 19th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 12.82 Lakh is at 11100 strike followed by 9.46 Lakh at 10900 Strike and Put writing of 12.28 Lakh at 10500 Strike followed by 10.66 Lakh at 10700 Strike. Index is closed above support level of 10750.
Index may face resistance near 10850 - 1090
BANKNIFTY FOR 19 APR#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn
Nifty what trend todayNifty 21995 - Is in down trend. Resistance at 2213. Expected to drop down to 21685 as sellers are high in 21500.
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