Bank Nifty Bank Nifty in correction mode. Into a lower top and lower bottom formation. Support coming from the earlier breakout point of 32861. The low registered last week was 32391 but closed at 33006. A recovery was witnessed but could not cross the lower top of 34425. Relatively Bank Nifty weaker to Nifty in the current correction phase since the peak...
BANKNIFTY Resistance: 33615 - 33830 - 34180 - 34428 - 34744 Support: 33266 - 33017 - 32701
On 25th March we saw Banknifty futures bouncing on the back on a support confluence which was a previous high made in the month on Jan 2021, a hammer candle on 25th March was a clear sign on market respecting the support. Although in the hourly chart 33700 to 34350 remains an important resistance band for price. Banknifty futures will have to surpass & sustain...
according to open intrest 34000 ce has huge oepn intrst
BANKNIFTY Resistance: 34180 - 34409 - 34701 Support: 33857 - 33658 - 33336 - 33107 - 32815
Bullish above 33820 for the targets 33960, 34120, 34380, 34660, 34880, 35220 and 35360. Bearish below 33420 for the targets 33260, 33020, 32860, 32620, 32480, 32200 and 32020.
banknifty is rightnow in consolidation phase ... buy above 34358 with 15M closing above this
Magic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS ORANGE LINES ARE SELL LEVELS IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR...
As per this bullish counts it seems that we might have completed Wave 4 correction. If we go to lower degree and analyze the corrective pattern in Wave 4 in details it gives a confidence that Wave 4 correction is over and now we are going for the 5th Wave.
Banknifty has done the Re-test of Previous ATH and now looking Northwards for target of 43180 - #NimblrTA NOTE - this is for study purpose - any investment decision please consult your financial Advisor