I have posted my opinion on 29 Aug, and the target has reached now, may be bank nifty might move upside and break the channel.
An opinion about Bank Nifty Fut (An Educational purpose)
Price has already broken the range and its weak below 23000 for the move towards 22860, 22720, 22540 and 22420. Price will gain strength above 23140 for the move towards 23280, 23420 and 23530.
banknifty support at 22865 and resistance is 23220-23260 if open gap down T1 is 22450-2250 and T2 22022 If break the Resistance at 23260 upside strong resistance is 23570
There is a strong Demand Zone @ 22500-23000. If it will hold this zone then one up move is possible to the next Supply Zone @ 23400-23700-24000 in coming days...
-BANKNIFTY HAS BROKEN ITS TRADING RANGE -RANGE OF 23500-24200 FUTURES RANGE -INDED IS NOW STARTED TO TRADE BELOW ITS 20-EMA BUT NOT BY MUCH -INDEX HAS CLEARLY BROKEN ITS THREE INSIDE-DAY TRADING BAR RANGE ON FRIDAY -INDICATING SIGNS TRENDING DOWNSIDE -BANKNIFTY CAN TEST 23200-22900 AND REVERTED BACK I HAD MENTIONED ON FRIDAY -INDEX TRYING TO FORM BASE IN THE...
BANK NIFTY SEP FUT 8th SEPTEMBER Analysis.
#positional As per me best buying zone for Banknifty is 22450/550 for tgt 24000/25000₹ With sl of 22000₹ clbs
SUPPORT POINTS ON CHART
Bank nifty trading in important zone chances of breakout dine is more
BANK NIFTY SEP FUT Analysis.
HELLO PEOPLE........ I CAME ON RECORD HERE ON SUNDAY LAST TO GIVE MY VIEWS ON THE MOON CYCLE ... WHEREIN I SAID THE MARKETS WOULD FALL ON MONDAY GONE BYE...... IT DID..... I AM NOW COMING ON RECORD TO SAY, THAT THE SHORT SELLING END IS ALMOST DONE. MARKETS WILL REACT ON 07/9/20. IF NOT, I WOULD EXPECT RANGE BOUND SESSIONS UPTO 14/9/2020...... AND A SEVERE SHORT...
comment below which side banknifty goes ??
Bank Nifty is looking weak below it's Supply Zone @ 23600-23800. If it will not able to sustain above 23600 then I may short 24000 call option... Once it will sustain below 23500 and if it will give follow through below this level then I may take a short position in Fut for the target of 23250-23200. If it will sustain below 23200 then next target will be 23000.