Bank nifty levels for Monday ,39600 to 39800 is area of demand it will resumes uptrend if those support held.expected range 40000 to 40600. Anything below 40000 I will wait d9nt short, look to buy opportunity at demand area.
Analysis may be wrong for 1 or even 2 days but using this trading style i gained very much points in banknifty in past because the R:R is good like 1:4 or 1:6. My analysis was for friday was wrong but i think you forget about the trade that we took and analysed on 12/01/23. but due to some rules and regulation the post was been private. Ok leave it.
Let's discuss...
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In the past couple of days, Indian markets have shown a major correction.
The Nifty Bank Index corrected more than 6% while the Nifty50 Index came down by more than 3%.
The main reason for this correction is the research report published by Hindenburg Research (A US based investment research firm) which suggested that Adani stocks may crash upto 85% crash purely...
There were 4 support & resistance zones in play today, 3 supports broken & 1 held. No pull back rally - just a consolation flat type trading last 3hrs today.
Lets analyze it one by one. The accusations against Adani group companies by Hindenburg research caught the lime light today, markets reacting more seriously than on 25th Jan.
Many of the Adani group...
Banknifty View and Support & Resistance Levels for Monday..
Expectation : BEARISH / Negative Sentiment. (SIDEWAYS)
Next week will be consolidation week between 41500 - 39900
My view in Nifty is 16800 in Feb Series, before that a small correction upto 17800 there after we can see BEAR trend continuation again. Similarly Banknifty will test 41500 there after BEAR...
Today will be a gap up opening in BANKNIFTY. Expected opening below 41950 Level. After opening possible reversal of 400-500 points from 41950 level. And this can extend for another 400 points if it gives breakdown of 41450 level. Any Bullish rally is only expected in case banknifty starts trading and sustains above 42050 level.
Expectations for Today: Volatile day
Intraday Levels:
Buy Above - 42000
Sell Below - 41600
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
The global market indicates a slightly positive start. The market nature is moderately bearish. It may start with a gap-up. After that, if the market rejects sharply around 38 to 50% fib level, then we expect a correctional wave. On the other hand, if the pullback sustains around the key zones, it will go further with some consolidation.
Hi folks,
Again i posted the analysis for Banknifty.
BANKNIFTY will be gap-up or it may show a good upside rally basically it is not a upside rally it will be a pullback if it wants to fall or give a healthy correction after a long time. But remember unexpected gap-down or sideways market may trap you so use small sl . If market opens gap-down then avoid...
Buy above 41720 with the stop loss of 41660 for the targets 41800, 41880, 41960, 42060 and 42180. Sell below 41600 with the stop loss of 41660 for the targets 41540, 41480, 41400 and 41240.
NSE:BANKNIFTY1!
As we all know market moves in phases
What are those phases?
A primary bull or bear trend consists of two phases, specifically
Accumulation phase: if the market rises after consolidating, we say that the consolidation represents accumulation (buying activity).
Distribution phase: if the market declines after consolidating, we say...
NSE
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(27/01/2023)](https://s3.tradingview.com/r/rwZfXxbZ_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(27/01/2023)")
