Predictions of Banknifty For 17-10-22Hello Traders.
This analysis depicts about the price action for 17-10-22. Detailed analysis is available below on link no.4. Hope that will help you in your trading.
BANKNIFTY1! trade ideas
Bank Nifty FutureHow I see the BNF on Monday....... I will be able to give a more or less Exact picture for Monday whole day within the 1st 5 tf candle formation...... I dont see anything to PANIC . Please READ 38290 as 39290
Bank Nifty FutureSo POWERFUL is the wave Analysis on any Index that what was told just 2 days ago regarding the DJIA and SGX happened last night. In spite of all HOT data and BAD NEWS rolling IN, the WAVES played out. This is the ONLY thing you all have to learn......
1. EW analysis combined with Fibonacci
I refrained from giving any intraday commentry yesterday as Market was very volatile and Some of you would not have been able to handle it.
I am attaching the BNF chart for your kind disposal..... Look at the Fib areas and trade accordingly
Banknifty OutlookBanknifty is very short bias because market is Overextended & needs some retracement.
Post Market Analysis, #DXY #Nifty #DowPost Market Analysis, #DXY #Nifty #Dow TVC:DXY NSE:NIFTY TVC:DJI
Head & Shoulder formation in #bankniftyAs can be seen, Head and shoulders formed on Daily chart of Banknifty. Neckline comes around 37500/450 levels. Total height of formation is 4275 points. Will be break or will give a false breakout. Only time will tell.
With bullish formation on US10y yield, quote possible it can break!!!
Please share your views too.
Happy trading
Banknifty Future Intraday & Positional viewIf price of banknifty fut rejects from PDH-39260, We can take short trade. Target-39200, 39125, 39040
39040 is support. If banknifty takes support here we can buy above 39125 for the target of 39250. If Banknifty break 39250 with volume next target is 39399.
If it breaks 39040 in downside then free fall can be expected. My target is 37900 that means more than 1000 points fall.
Banknifty BreakoutBanknifty was not able to make new highs than earlier day's high since Sept 20. Today it broke the sloping trendline & closed above 39200, which was a big resistance. Now we can hope for a very rally in coming days in Banknifty
Banknifty Future Intraday analysisWatch the strength of magic shaded zone. Yesterday, Banknifty reverse exactly from that zone. As Banknifty was in downtrend, short trade should be taken.
Today All important zones are marked in chart. Take trade accordingly.
Bank Nifty FutureEverything to ME points towards a wave 3 up starting on the Indices..... BNF MUST GAP UP tomorrow above 38736, Opening above 39167 would be even better. As can be seen the 23.6% Minimum retrace required to Hold the BNF stands at 38561. The Rest of the Moves on Hourly will come as per minor waves completing from time to time
Banknifty Future Intraday & Positional viewBank nifty FUT may open slight negative near 39200. All important level is marked on the chart. The entry point is above the Dotted line or below dotted line.
Bank Nifty FutureEverything which needs explaination has been marked for your Reference on BNF..... Every Rise must be sold into..... every fall must be bought into @ Play the SWING for now
Bank Nifty FutureProviding the BNF chart as well for your understanding. I have not marked a minor 2 down yet..... Look for support at the 2 RED LINES before you take a Long position.
ACC LOOKS GOOD After breakout Acc is getting ready for new high 3000+ ( short term to positional term)
Key level for entry : 2440
Sl as per chart : 2000
BANKNIFTY 1Hr Chart AnalysisBank Nifty Analysis on 1 Hr chart. Candles should close Above or Below on Hourly Chart.
Trade with Diligency.
Bank Nifty FutureI hope those who took Longs yesterday at 17220 were cautious enough at 17332 and covered all their positions on NF. I sent all these messages intraday to you all on my posts..... Furthermore, the BNF chart is enclosed for your disposal marked with different DEMAND/SUPPLY Zones on different time frames.
IF YOU know how to count 12345... 12 ABC..... you will NEVER Loose Money
#BANKNIFTY buy possible#BankNifty index opened negative and moved low 38893
but it has hold above 39000 zones
and remained negative most part of session.
Now we can buy around 38700 and TGT 39200 SL:Live
If it trade below 38500 wait for next entry.
Bank Nifty FutureAttached is the BNF chart as well for your kind Disposal...... You MAy consider Going LONG at the Marked Levels ...... Kindly do your own analysis @ "" SYSTEMS""..... and Trade at your own RISK
Bank Nifty FutureBNF 15 tf chart............... from the upper end of the channel to the Lower end of the channel..... Watch this Lower end carefully now and trade accordingly
#BANKNIFTY buy possible#BankNifty index opened positive and moved high 39750
but it has hold above 39000 zones
and remained positive most part of session.
Now we can buy around 39000 and TGT 39400 SL:Live
If it trade below 38800 wait for next entry.
Banknifty Future Intraday & Positional viewBanknifty may open near 39450-500. If banknifty directly touch 39771 then avoid buying in between these. If it retraced back towards shadded zone then one can take entry. As banknifty is bullish so we can take buy trade at proper area.
Banknifty Future buy above 39352, Target 39440,39541, 39771. 39772 is a danger zone. Banknifty can reverse from here. so we have to book profit at 39770. If sustain above 39772, we may take re-entry again for the target of 40290
GO LONG ON BANK NIFTY
NSE:BANKNIFTY
This is momentum trade
As banknifty as recently taken a pullback which is expected that why we can see levels in coming day s.
According to price action it will go to 39900 it has taken recently taken a support .
This is for educational purpose.
