Price_actiontaker14

Price_actiontaker14

Bank nifty traded in a range between 46000 to 45600 today buyers were holding support but no momemtum from buyers end today tried twice to break 46000 but failed! Major support at 45600 if breaks tomorrow seller can take it to 45300 addtion to that banknifty was showing weakness after 2 pm today & traded below trendline support. Buyer can show momentum above...

Price_actiontaker14

If you look at 30 min chart of Bank nifty for today session it was clear from start of the day that buyers are going take the session look at first 30 min candle a pure "bullish wick reversal pattern" it confirmed that options buyers will take over the day!! Already discussed on 31st Jan analysis keep eye on opening for confirmation of trade. "Check" 45400 ce was...

Price_actiontaker14

As mentioned earlier post that might be today will be trend day or same tight sideways and it happend market didn't moved to new direction. market players want to stop out as many players as possible before a breakout it started with morning flase break out then all went in a range Bulls are facing strong resistance as they failed twice to break 45600 level...

Price_actiontaker14

As chart shows a flag pattern has been formed in 30 min time frame and also bank nifty traded tightly today. which conclude that this range can burst out either bullish or bearish. Another thing to notice a bullish wick reversal candle has formed which gives a hint for bullish side strength into bank nifty May be a gap opening for tomorrow also expecting a...

Price_actiontaker14

As per trend analysis Bank nifty has seen bounce earlier in March'23 and November'23 it works as powerfull support given big moves in longer time. Also trend also comfirms that buyers are still intact to make bounce in addtion to that we can see a wick reversal pattern is also seen on daily time frame. Which also confirms buyer strength and also bank nifty...

Price_actiontaker14

As mentioned previously avoid and beware of false break outs and traps same happend today in morning unable to break 48280 to 42300 false breakout and then back to days low at 48000 Stills looks buyer have controlled from falling below 48000. looks tomorrow may have gap opening in Bank nifty. See Bank nifty also making range between support & resistance keep eye...

Price_actiontaker14

Looks like buyers have hold the day from falling also have positive closing if same continue in morning may be tomorrow buyers can dominate as per trend if breaks with volume 48300. Also a round number zone so avoids false breakouts and traps at this levels. resistance 48300 support 48000 Note : Make your own analysis before making any trading decision.

Price_actiontaker14 Updated 

Sellers welcomed todays day with pressure closed at support looks tomorrow may be sideways day or profit booking can be seen. Still sellers looks more active may break support after profit booking. Bank Nifty closed at support 47400 to 47300 if break buyers may try to enter or trap Resistance at 47600 to 47700

Price_actiontaker14

Todays trend day may continue by tomorrow if a gap up opening is seen and sustained above 48300 then bullish action can been seen Support at 48000 to 48050 Resistance at 48250 to 48300 If gap down below support or trendline break may make sideways or range bound day. Also todays buyers will look to book profit.

Price_actiontaker14

As per trend its bullish facing big resistance at 289 & trend line breakage today at the end of day. Good Buying oppurtunity for holding from 285 to 281 Support at 281 Resistance at target 289 to 290

Price_actiontaker14

Buyers Showing strength but still facing Resistance at 43700 to 43800. If sustain above 43850 then good move is expected or a gap up opening. Trendline Support at 43650 to 43680 Key level 43580 keep eyes on it if trade below then may sellers gets active more. BN made a V shaped recovery from last fall but very slowpace then selling. Note : Do your own analysis...

Price_actiontaker14 Updated 

Took a good trend line support made a jump of 16 points from 549 to 569 approx. Also broke the trendline today making low of 543. As per trendline analysis it looks like selling has good oppurtunity if open without gaps. Support at 543 if broke then Target : 537 Resistence at 553 if fail then Target : 543 For more random analysis like this please follow &...

Price_actiontaker14 Updated 

As per todays selling seller may look for profit booking for tomorrow if gap up opening is there. Resistance at 43585, if fail may retouch to 43400 Support at 43243, If break then more selling can be seen Sellers are more active then buyers, Buyers can get active if BN trade above 43600 for more time. Note : Do your own analysis before making any trade or invesment.

Price_actiontaker14

~Buyers are still holding Bank nifty but facing big resistance between 44400 to 44500. Buyers can get active if hold above 44500 to 44600 and then breakout will go till 44900. ~Trap Area's 44400 to 44500 ~Range at 44170 & 44250 will work as support & Resistance ~Downside if breaks previous day low then support at 43800 ~Might be a gap down opening for...

Price_actiontaker14 Updated 

Resistance at 43800 and buyer more active above 43800 only Support at 43540 if open gap down may fall till 43300 and bounce back If sustain above 43800 then may buyers can come till next reisitance 44000 As per trend analysis buyers are saving the falls but unable to make higher highs might today it can be CE buyers day! note : Do your own analysis before...

Price_actiontaker14

Looks Bulls are entering which kept market floating for past 2 days might get good movement by tomorrow or expiry, if open without gaps or open in previous days range. - As per trend analysis bulls making lower highs as support may hit 43800 - Bullish move above 43800 , Resistance at 43970 - 43600 may act as support & resistance both. - 43400 support on down...

Price_actiontaker14

- Looks like buyers are coming in bulls above 43300 - 43350 - As per trend it shows downward move has been denied by buyers and todays gap up opening comirms buyers trying to pull back up. - May be a gap up opening can be there which may triggers buyers - Sellers below 42800 till 42600 but beware of traps here - Support also at 42600 and resistance at...

Price_actiontaker14

- Bank nifty took support today tried going up side making range bound in second half. and trapped many with volatile moves. - May take dip before going up till 42100 to 42200 or stay range bound - bullish move can be expected if cross 42350 and sustain. Bounce is expected till 42600 in coming days