24704 -- 10th June 2024 Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
BankNifty Supply and Demand zone for 8 Apr ......... 15 min
Nifty Supply and Demand zone for 8 Apr ......... 15 min
#BankNifty #trending #stockmarketindia Niftybank Weekly Analysis; 6th Apr 2024 Support levels - 47271 Option chain support - 47500 Resistance level - 48659 Option chain: 49000 Until it breaks 47271 levels, It will be Bullish Side only.
Reason for long a) The 7 to 10% possibility in next 90 days. but it looks difficult to touch 65000 mark in this year. b) The banks are sensitive to various news and hence to assume 7% growth in next 90 days c) Howsoever the touched to 65000 mark in next two years may be the possibility and out of imagination. d) can try to bankbees for next 100 days
Reason for long a) Big event of the nation is parliament election and this brings us the Euphoric move in small cap index. b) Pole and flag formation induces to move another 22% as exhaustion candle in next 90 days. c) Any fall is long in this scenario till May 2024 d) But this is one of the risky investment in stocks, but one can consider long in small cap etfs.
#NIFTY50 #trending #stockmarketindia Nifty50 Weekly Analysis; 6th Apr 2024 Support levels - 22300 Option chain support - 22000 Resistance level - 22620 Option chain Resistance: 22800 Directional views only for Educational purpose. Based on breaking of previous day red hammer.
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups...
BankNifty Analysis - Stance Bullish ⬆️ The line we drew yesterday was more or less right. Banknifty respected the trend line and moved ahead when Nifty was trading flat. RBI MPC outcome expectations were not the reason we had the fall yesterday. I can say that with a high level of certainty because today we went past yesterday’s high. And as soon as we cut through...
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Now take a look at the 63mts chart, and see where the reversal came from ~ 22295 levels. That is the main reason why we said a stance change is required only if 22295 is broken and since we did not do that, we continue to remain bullish.” Nifty had no momentum today, but BankNifty had lots of it. Yesterday...
Nifty opens gap down, bulls were trying to sustain into the market and made days high that is 22513. Nifty has form green body small candle with long lower shadow which indicates participants were buying from lower end. Nifty traded flat throughout the session Nifty has given closing near yesterday’s closing. Nifty is able to hold above 22500 level, to start...
NSE:NIFTY_MID_SELECT Maximum Call writing buildup of 12.22 Lakh is at 10800 strike followed by 9.64 Lakh at 10900 Strike and Put writing of 14.01 Lakh at 10700 Strike followed by 13.30 Lakh at 10800 Strike. Index is closed above support level of 10800. As the more put writing is building up at 10800 strike the support level is shifting up with big support near...
NSE:CNXFINANCE Maximum Call writing is at 21400 strike with 5.76 Lakh followed by 5.23 Lakh Call at 21500 Strike. Maximum Put writing is at 9.59 Lakh at 21000 strike followed by 8.56 Put writing at 21100 Strike. As the Option writing is widening up, the trade range is also widening between 21000 - 21100 support and resistance near 21600 - 21630 level. If...
NSE:BANKNIFTY Highest Combined Call and Put writing at 48000 strike with 19.88 Lakh Call and 18.88 Lakh Put writing. 2nd highest Call writing of 12.79 Lakh at 48500 strike and Put writing of 16.57 Lakh at 47500 strike. The Support level is shifting up. If Index crosses 48250 and sustain then it may go near near All Time High (ATH) resistance near 48600 level....
NSE:NIFTY Highest Call and Put writing is at 22500 strike with 35.99 Lakh and 35.36 Lakh Put. 2nd highest Call writing of 30.43 Lakh at 22600 Strike and Put writing of 29.31 Lakh at 22300 strike. As Index has touched nea All Time High (ATH), Index may face resistance near 22625 level and if it crosse the resistance sustain with unwinding of Call at 10500 and...
support 17900-17800 resistance 18350-18400 watch carefully price in this area
Banknifty hit new ATH today Expect BNF to touch 51000++ soon ,.probably this month itself. if missed, may month will hit Take your positions accordingly
I see a Cup & Handle breakout in Bank Nifty. A benign MPC statement and status quo on the rate front has given a fresh fillip to the Bulls. With Nifty and now Bank Nifty both near ATHs, its seems like its going to be RISK ON in the markets and 23000 on Nifty and 50000 on Bank Nifty is but a formality.