BlackWizard

BlackWizard

After 7 trading sessions, a bullish candle has closed above the previous day's close, suggesting that the market is likely to move in a sideways direction. The resistances are at 51300 followed by 51500 and the support is placed at 50700 and 50500. The market will move in these ranges.

BlackWizard

Bank Nifty has taken support from the previous month's low. The market might move upward till 51100 for that it needs to break 50800 level, if it is broken 51100 is highly possible. The support level is at 500000.

BlackWizard

Bank Nifty has a higher chance of consolidating between 51500-51300 level. If it breaks the upper range it can reach 51800 and maximum resistance at 52000. if it trends downwards it can go to 510000 level.

BlackWizard

Bank Nifty has a higher chance of consolidating, if it consolidates it can reach 52000 followed by 52300. The 52500 will be a crucial resistance. If it declines it can get around 51500 levels.

BlackWizard

Bank Nifty has a higher chance of declining, if it declines it can reach 52700 followed by 52500. The 52500 will be a crucial support. If it is a sideways market then it can retouch the 53300 level which is the least possible.

BlackWizard

The Pink line indicates the trend line. There are no positive signs for Bank Nifty to cross the 39600 mark. 39000 is the first support level. If this support is breached it may reach 38800. Consolidation will happen between 39000-39500. Orange Path indicates levels for consolidation, Red Path indicates levels for bearish.

BlackWizard

A bullish day candle has formed in the last trading session despite a gap-down opening. Consolidation will happen between 39500-39000 levels. 39500 is the key level above which a bullish market will exist. If it breaks this level it can move till 400000. All indication represents a buying opportunity. Very low chances are there to break level 39000 which will...

BlackWizard

Even though the market closed higher during the previous day's sessions. The signs around the global market indicate bearish markets. Today is the weekly option expiry day so profit booking will happen. 39600 is the strong resistance level. 39000 is the first key level for support if that is broken 38500 is the next support. The levels provided are here for a...

BlackWizard

A huge gap down opening with a bullish candle. The strength of the Bank nifty is getting weak, the Rupee value is also getting weaker and global markets around the world today closed in the red. Sellers will play a significant role in the upcoming days. 38150 is the key level below which the bearish market will prevail, chances for breaking this level are...

BlackWizard

The bearish candle has been formed in the last trading session. It resembles a harami pattern. The pink line indicates the current trend of the market where consolidation will happen. If it breaks at the top pink line with a strong volume then 39300 will be the target and if it breaks below the pink line then 38500 will be the support. Green Path indicates...

BlackWizard

High chances are there for consolidation near the price level around 430-440. Sellers might come into the market in that case. If it breaks the 440 range with strong volume then look for buying else stay out of the market. If you are a conservative buyer then look for buying opportunities at 360 and below that 275 is the level for buying. Green Path...

BlackWizard

Bearish candle in the daily chart which closed below the previous day's candle's close. Be cautious for long trades. Very low signs for a bullish market. 38700 is the key level below which a bearish zone exists till 38400. Orange path indicates levels for sideways, Red path indicates levels of bearish .

BlackWizard

A bullish candle in the daily chart. The weekly option contract expiry and Monthly future contract expiry are on tomorrow. Profit booking will happen tomorrow. 39400 is the strong resistance level, and the probability of breaking this level is low. 39000 is the key level below the bearish market will prevail. Maintain strict STOP LOSS . Trade wisely. Green...

BlackWizard

Bullish Engulfing Candlestick is formed in the daily chart. High chances for a bullish market. These are the key levels for tomorrow's market. Green Path indicates levels for Bullish, Orange Path indicates levels for Sideways, Red Path indicates levels for bearish.