Generally in the End week of December , Market becomes sideway with High fake out and liquidity runs/stop hunts.So please be attentive.If setup is formed , then buy or sell according to it, otherwise wait and watch policy.
FUTURE LEVELS
NIFTY & BANKNIFTY given breakout after 4 days of consolidation
Friday & Monday expect this targets to hit
Nifty Upside Target :21477/21635
Banknifty Upside Target :48500/48874
I'm bullish for next 2-3 days
Bearish Targets are
Nifty : 21048/20900
Banknifty : 47450/47100
I prefer to wait for price action at red lines for shorting and similarly at green lines for long. I will wait for a strong price action to show me some at my levels and then only take a trade. We can see that has price has been following downtrend since Monday. I would like to follow that order till buyers feel that the price is cheap now.
Identified a channel and consolidation mark.
Marked levels for upward and downward movements.
Anticipating the upcoming developments in Bank Nifty.
Stay tuned for the unfolding narrative. 📊🔄 #BankNifty
47156 is a strong support , if price takes support over there go long for the target of 47323, if price crosses over
47405 (Super Strong resistance may push price to the level of 47200) long for the target of 47546, above 47546 it may
reach to the level of 47673.
The top three red lines are resistance zone where sellers have shown presence and based on previous price action buyers want the price to come down to be interested to buy. So my aim is to wait get a confirmation for a trend before jumping into it.
bank nifty looking till 48500-48800++ abv 47500 trend line bullish breakout ahead so buy on dipsss with tight sl 47222@ yes on daily chart one sharp spike looking -- on daily chart bullish channel working
*NIFTY ANALYSIS* - SPOT LEVELS
Market still in bullish zone… Monday trend to continue further towards my target of 21200++ if nifty holds 21020 levels spot
However, if any downside starts (operator game) expect nifty to test 20700/20600/20560 in 1-2 days only next week -before next upmove
*WATCHOUT LEVEL* : 20850 below this sharp downside
Note:this downside...
Nifty & Banknifty as expected traded in range bound
Tomorrow if trades in green on opening expect bull run to continue
FUTURE LEVELS - Next Weekly Target
NIFTY 21250++
BNF 47800++
BANKNIFTY BULLISH till - 45700
Banknifty forms a Bullish candle on a Daily closing basis. Broken above CHoChH and formed a Bullish FVG.
It is highly recommended once it breaks above its last High of the Daily candle. It will go Up till around 45700.
As you can see here after a big burst bollinger bands went to short squeeze
if price opens at the same area where it left off and then crosses above 45245
then it can easily cross 45455, and may reach to its final destination of 45654.
if price goes below 44923, the price may take strong support at 44742 and
may bounce back to the level of 45041, but if price...
Banknifty can be bought on dips during mid day tgt 45000/45250 could test on expiry
Next move will be wild if banknifty closes above 44444 expect 2000 point easy move in next 2-3 days
