BNF is currently at a long term resistance level and is also showing a double top pattern right there. Given these 2 points, there is a huge probability of BNF falling from here further.
Views On Nifty & Bank Nifty: The markets had a gap up opening but could not sustain at the new highs. 30 of the Nifty50 stocks witnessed selling pressure and closed in the red. Meanwhile, the Sensex closed above the 60,000-mark for the first time.
Data Analysis: In the cash market trading data, we find that while FIIs were net buyers, DIIs were net sellers....
Hi Traders,
This video link below box is all about using my levels of support and resistance to make money. Just learn and practice to make money.
Yogesh Vats
Banknifty Resistance is at 38250/150 and initial support is 37400 .. if broken can test 36700/400 where ill ve looking for long opportunity for a target of 39300 and 40k !
If breakout made at 37200 - 37250, Possible to move up to 38650++.
In RSI Indicator shows positive Signal ( up above 50++) at current Position.
Good luck friends...
Banknifty is now showing all signs of a longterm completed 5 waves from Mar 20 to Sep 21. The ending diagonal as wave 5 of 5 adds credibility to the structure.
What this means is that if the 38224 high is not broken we are heading to 30000 area in an A-B-C correction. One more slight maybe possible, if it does , we'll relook for a new short entry.
The...
#BankniftyFuture Analysis: This is the continuation of the Bank index future analysis as per the statistical probabilistic forecast is has taken support around 36800 zones. As of now, the for bank nifty future will be targeted around 37700 zones. The DmDA is very high and the gap between longer and shorter means must be narrow down in coming sessions. For in-depth...
Hi Traders,
This video link given below box is all about the perfect levels of support and resistance Planned for intraday trading one day advance.
One needs perfect support and resistance to trade. See yourself and decide.
Yogesh Vats
