Banknifty having a unique trend line it was pierced by a huge candle in both monthly and weekly time frame it still shows the trend line being respected throughout .I will be going long for banknifty unless and until these long trendline is breached and closed below the trendline .Hope these idea helps all
#Nifty Fut 17264/17301/17378/17440 - 17565/17594/17654/17705 TradersVenue RDX Trend Score- 75M(5*)/1D(5*)/1W(5*) #Bullish #BankNifty 36311/36508/36621/36854 - 37065/37167/37242/37400 TradersVenue RDX Trend Score- 75M(4*)/1D(5*)/1W(5*) #Bullish #TradePlan #PreOpenUpdate #IndexFutLevels #16SEP2021 Data: 🟡 Highest OI on CE side at 17500. #Short covering above...
Bank Nifty Futures show a clear breakout but the RSI shows that it is in an over bought range already. I will step back for a while and let this up-move settle before I take a trade as the risk to reward ratio is not favorable.
Understanding trades of banknifty future for 17.09.2021.
HEY TRADERS, THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD... HOPE YOU ALL FIND SOME VALUE Here... THANK YOU... ~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for...
Important Levels for 17-09-2021 It looked as if it was all preplanned for BN to hit its ATH and it just did that and that too on an expiry day. Once the day is over it looks as if it was such a wonderful trending day but these are the sort of days I personally am not comfortable with. We have almost rallied 1000 points since yesterday but the leading bank HDFC...
Important Levels for 16-09-2021 A day which again signifies the fact that when you are unsure just wait with patience. All negativity created was just brushed off in a quick second half move. Tomorrow bein expiry we can expect a bit of volatility and random moves in both directions and caution is advised. If we open flat to a small gap down, we wait for any dips...
Understanding trades of Banknifty future for 16.09.2021.
37000PE buy @ 499 target 2 % 509 BANKNIFTY support and resistance
understanding trades of banknifty future for 15.09.2021.
Important Levels for 15-09-2021 Apart from the first hour and for 30 mins post 12:45 pm, there was hardly any move in the index and it completely remained in range throughout the day with the Value area being just 125 points. Option addition today is also completely flat and overall there are more calls written than puts which means scope on the up side is...
36500CE long @ 352 target 2% 359.1 37000PE long @ 440 target 2 % 448.80 banknifty levels support and resistance
Bank Nifty Futures The chart is clearly in a downtrend and is showing weakness. However, RSI shows a clear bullish reversal and we are talking about bank nifty here so 1 strong candle has the power to change the trend. My suggestion is Buy! CMP: 36592.00 SL: 36200.00 (intraday / closing) Target 37500.00 & 37750.00
Important Levels for 14-09-2021 There was no range extension in either side after the first hour and we witnessed a sort of a rangebound day. 36620-36670 which was the previous support zone now has developed into a classic "support becomes resistance" example and now shall act as the resistance zone. 36570 being the POC will continue attracting the price towards...
Views On Nifty & Bank Nifty: Nifty and Bank Nifty which started with big falls in the early morning session recovered during the day. Nifty in fact recovered dramatically from day’s low (17269.15) by 87.55 points. It closed practically flat by closing time. Data Analysis: In the cash market trading data, we find that while FIIs were net buyers, DIIs were net...
understanding banknifty future trades for 14.09.2021.
Based on SMC concepts bank nifty is going under a distribution breaking structure on 1H timeframe. Causing bullishness tomorrow and reversal in between 37000 and 37250 range. Once in the range look for 5 min break of higher low and creating a lower low. Can short bank nifty Future or Monthly 37300 Put. with target of 36000 to 35500. NSE:BANKNIFTY
37000PE buy at 605 target 2 % banknifty levels support and resistance