BANKNIFTY Levels for Today Here are the BANKNIFTY Levels for today. Please note, these levels are only for Intraday. The levels identified above can act as support or resistance, although they are shown as three different supports and resistances. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL...
As we discussed yesterday, Banknifty could not break to the upside. it stayed inside and fell heavily. As looking at the chart structure has broken outside the pattern to the downside. I am expecting it to fall more till level 46950. also, OI data PCR = 0.60 shows super Bearishness in the market. You can see the OI chart, which shows the MAXPAIN 47500. If it...
Rsi divergence in daily time frame But in Weekly is normal , don't worry for sell side
Market opened gap up of 30 points and from the top it started falling.200 points fall and banknifty supported nifty to fall. for tomorrow even nifty fell 200 points the 21500 put writers are increasing and 21600 call strike added too much. expect some range bound between 21500 to 21650. further fall expect 21500 below and the next support level is 21335
BankNifty Analysis - Stance Bearish ⬇️ The chart of BankNifty was more dramatic and powerful. The total swing range was 765pts ~ 1.59%. The support of 47539 was broken only at 14.31 and there was not much time left for the next leg of fall today. 4mts chart link What BankNifty and Nifty have done in January was to take out the stop loss twice. Last week we saw...
Hello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 09/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 47730 – 47760 Important Support and Resistance for the Day... Support - Resistance - Support-1: 47380 Resistance-1: 47730 Support-2: 47200 Resistance-2: 47890 Support-3: 46950 Resistance-3:...
Nifty Analysis - Stance Bearish ⬇️ Recap from yesterday: “Our stance is still neutral with equal possibilities in either direction. Since Nifty50 is following the ascending channel’s top trend line — the chances of going up look more probable. To go down — we need news flow/event as there is no technical weakness.” 4mts chart link The gap up open today and a...
Falling wedge pattern at trendline and breakout. Have a long bias until the trendline gets broken
09 JAN 2023 WORLD MARKETS 1. World Markets are trading with a negative bias. INDIA VIX AND GIFT NIFTY 1. INDIA VIX has shot up 7% to 13.5 resulting in a 700 point down tick for Bank Nifty and 200 points downtick for Nifty. 2. GIFT Nifty is indicating a positive start of 60 points. INDEX HEAVY WEIGHTS 1. HDFC Bank is trading with a negative bias.1650 is a good...
### Bank Nifty Support and Resistance Levels (09/01/2024): #### Support Levels: 1. **Support Level 1 (Gap-up Open):** 47,200 - If the market opens with a gap-up, 47,200 could act as initial support. 2. **Support Level 2 (Big Support):** 47,000 - 47,000 is considered a significant support level for Bank Nifty. 3. **Support Level 3:** 47,400 - This level...
Hello Everyone. I have provided fin nifty trades and targets above. Market was bullish today so it might retest and then follow the trend so wait for the support to break before taking PE. Fin nifty is very volatile so if you book profit in 1 or 2 trades then look for other indices and save your profits. Trend will follow if the market opens flat or gap down. If...
### Nifty 50 Support and Resistance Levels (09/01/2024): #### Support Levels: 1. **Support Level 1:** 21,511 (if market opens gap-up) 2. **Support Level 2:** 21,450 3. **Support Level 3:** 21,300 These support levels indicate crucial areas where Nifty 50 might witness buying interest and potential reversals in case of a market gap-up opening. #### Upside...
if you anlylsis with me cnx finance first target hald quantity book nd second targe tail for big profit. we are proper stop loss follow and not one side move
Inside candle is formed on the weekly charts and Banknifty has closed only 130 points lower. There is a doji week and daily candle. 47400 is a major support level on the daily close. If market starts closing below it there will be a M pattern formtaion and selling can happen. Currently, it has closed around 61.8% daily fib. Reversal or bearish trades for...
NSE:NIFTY 8/1/2024 Overview- India might loose $30 billion due to disruptions in the Red Sea. Gold falls 1% as early Fed Cut hopes fade away. Outlook for 9/1/2024- Nifty50 remained under selling pressure throughout the day. Although the premiums did increase, the main trend in the market is still undecided. Nifty has taken support from the 21500 level, which...
Green levels are support while red onces are resistance. It is estimated if price takes support from green levels, it can go to resistance levels. If it breaks the support level and consolidates then fall is expected. If price breaks resistance levels and consolidates then breakout is expected. Follow the levels, follow the price-action and keep your assumptions...
Hello Everyone. I have provided nifty trades and targets above. The market was in bearish today so it would continue the same if market opens flat or gap down. Let the resistance or support range break with 15 15-minute candle before going for any trades. If we do in between these zones premium eating will happen and we end up seeing losses. Book profits every 30...
Hello Everyone. I have provided bank nifty trades and targets above. Market looks like in bearish mode so look for PE options if the market opens flat and gap down. Let the resistance or support range break with 15 15-minute candle before going for any trades. If we do in between these zones premium eating will happen and we end up seeing losses. Book profits...