Chethan333

Chethan333

Previous week nifty was completely range bound and Nifty is forming a ascending triangle and following the trendline . Major resistance at 19858 &19955. If nifty breaks the trendline on downside the the support will be 19755,19708 &19666. Market may hugely volatile due to because of 5 state elections for upcoming week.

Chethan333

from 2 days nifty is sideways. for tomorrow we can expect volatile market. ressistance levels will be :: 19488,19520,19550 support levels will be :: 19400 &19366

Chethan333

BNF is making a trendline and today opened gap up and selling came from top (43300) and closed at 428500. for monthly expiry, BNF is hugely volatile. 3 scenarios may happens 1. opening gap up If BNF opens the gap up and sustains above 43033 then the market will be bullish. 2. Opening gap down BNF opens Gap down and sustains below 42600 then market...

Chethan333

Nifty fell 3% in October & broke the major support of 19222 & also tested the main support of 19888 and closed above 19000. Nifty trading below 3 months close point. It shows the bearish sentiment in the market. After so much fall The market has to halt in the range of 18833 to 19222. only above 19222, we can expect a trending upside & below the 18833 downside...

Chethan333

today Nifty broke the major support level of 19222 and closed below that level after 2 months. for tomorrow immediate support is 19008 and the next major support level will be 18888. upper side 19222 will be the major resistance level.

Chethan333

On Monday(23rd October) Banknifty broke the major support level of 43600 and from that price, the market started falling today the market opened a gap and selling came and closed at 43832. from two days Bnaknifty corrected 800 points and still looks bearish. for tomorrow expect a gap down opening and 42604 will act as support and the next major support will be...

Chethan333

On the weekly chart nifty looks still poisitive only.we can expect nifty to be completely positive only if it closes above 20000 and until it is a volatile market. for Oct 3rd week,if nifty closes below 19650 then the next range will be 19650 to 19500. &19500 to 19333. for the upside 19719 to 19868 will be the first range.

Chethan333

0)On October 2nd week , BNF opened completely gapdown at 43900(monday), due to fear of war.the next day, the market opened a gap up closed above 44400, and again moved to 44700 and respected the previous resistance. but Friday's sell-off came and closed below 44300 and closed below last week's low. For the October 3rd week, we can expect some sell-off if BNF...

Chethan333

Yesterday market opened gapdown and closed below 44000.Today market opened gap up and reached 44400 and 44200.its very difficult to judge the market. For tomorrow ,market may be range bound beacuse of directionless moments from past 2 weeks.the range will be 44350 to 43988.

Chethan333

Finally Nifty closed below 19500 and its kind of bearish territory.but nifty reached to 19333 but after noon market it recovered 100 points and closed at 19436. Tomorrow we expect the range bound market beacuse of last two trending trading session. expect the range between 19350 to 19500.

Chethan333

Market is range bound to bearish.BNF closed below 44500 and its show the sign of bearishness but complete bearishness only below 44200. Tomorrow we can expect the range of 44600 to 44200.if it breaks below we can expect the trending market.

Chethan333

Banknifty tried to breakout last month but failed on top and closed in a neutral zone.last week of septmber was consolidation with a huge volatility. by seeing monthly chart selling came from the top ,for October month selling pressure will continue if BNF closes below 43666. upside we can see 45055 will acts as a major ressistance.above that only we can go for...

Chethan333

The BNF (Bank Nifty) index has experienced a continuous four-week decline, consistently closing in the red. Last week, there was a consolidation phase observed. Upon closer analysis of the daily chart, a head and shoulders pattern has already been identified. Interestingly, the weekly chart also reveals the formation of a head and shoulders pattern, further...

Chethan333

On Friday, Nifty experienced a significant break below its major support level of 19318, which had been a crucial level of support for the index. This breach resulted in the closing price falling below the support level, indicating potential weakness in the market. Furthermore, there has been a consistent formation of red candlesticks for four consecutive weeks,...