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As we can see BANKNIFTY broke below and following the global cues, we can expect bearishness in coming days but we can an eminent support hence if managed to take support then we may see some sharp recovery in the Market but the trend has changes and would continue to be bearish but can show short term bullishness so plan your trades accordingly.

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BANKNIFTY can be seen closing below 50000 mark which had been an important support and psychological level, also the major trend line as well demand zone has been broken with formation like inverted head and shoulders structure hence FRIDAY could really be an important day to decide further rally. If managed to close above 50000 then we may see some respite and...

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As we can see BANKNIFTY tried to break but couldn’t sustain below the demand zone and managed to close above the demand zone which shows chances of recovery in market but in any case breaks below and sustain then another sharp unidirectional rally can be seen in BANKNIFTY of more than 2000++ points in few trading sessions so plan your trades accordingly and keep watching.

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As we can see BANKNIFTY did respect its strong demand zone but remained flay throughout the day after opening strong. But following the bigger tf we can see BANKNIFTY trading at very crucial demand zone which has become weak now. Hence any closing and sustainment below the demand zone can lead to unidirectional 2000++ downfall as it would not only break the demand...

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As we can see BANKNIFTY fell unidirectionally as expected in our previous post as the trendline was tested multiple times making it weaker hence any sustainment below the trendline would lead to a good fall was our plan and it did happen. Now it can be seen closing at important demand zone but can also be seen in more like head and shoulders pattern in bigger time...

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As we can see BANKNIFTY again got rejected from our zone and fell sharply but despite the weakness it managed to close above the trendline hence giving no clear stance of its upcoming direction. We can see the trendline got weaker which has been tested multiple time which could result in steep downfall If managed to close below the trendline but can also reverse...

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As we can BANKNIFTY has rallied over 1000++ points from our given trendline support wherein I told you guys that fresh long positions can be made keeping SL on closing basis below the trendline. Now we can expect BANKNIFTY to continue it’s bull run till 52300++ levels in coming days so plan your trades accordingly.

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As we can see BANKNIFTY despite opening weak, managed to close strong taking support from our trend line SUPPORT hence as long as it maintains itself above our trendline, every dip can be bought with keeping SL below the trendline closing basis. so plan your trades accordingly.

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As we can see BANKNIFTY did showed some strength after taking support from the Trendline but still seems week hence till BANKNIFTY doesn’t breaches today’s low we can make new long POSITIONS keeping small SL POSITIONALLY hence keep watching everyone as any break below today’s low could lead to sharp downfall so plan your trades accordingly.

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As we can see BANKNIFTY is trading around it’s important trend line support which has already been tested multiple time before making it weaker hence any closing below the trend line could lead to sharp fall in BANKNIFTY but if couldn’t sustain below the trend line could result in sharp recovery so plan your trades accordingly and keep watching.

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As we can BANKNIFTY has been maintaining itself in a range and despite it’s strong opening, the selling pressure overpowers the buyer leading to weak closing hence we can expect BANKNIFTY to show some more signs of bearishness in coming days until the holidays are over then we can expect some volumes which could show clear upcoming direction so plan your trades...

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As we can see BANKNIFTY has failed to break either side giving no clear direction and can be seen consolidating and likely to remain the same hence unless BANKNIFTY breaks either side we can see BANKNIFTY to remain sideways so plan your trades accordingly.

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As we can see BANKNIFTY had been sluggish since quite some time now and expected to remain the same. Following the global index, it can open strong but likely to stay sluggish throughout the day until it breaks either side of the mother candle for directional rally so plan your trades accordingly and keep watching.

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Though we saw 1 percent closing in green but intuition says unless it breaks and sustains itself above 51500 level, it isn’t strong hence as long as it maintains itself below that level it can remain volatile to negative so plan your trades accordingly.

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As we can see BANKNIFTY has reached our important demand zone and trendline support which has been respected for quite some while in bigger time frame. Also everyone seems to be bearish but we must expect the unexpected. Even if BANKNIFTY opens weak, we may expect sharp RECOVERY anytime trapping all unless it breaks below the trendline which will eventually change...

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As we can see BANKNIFTY has formed more like a doji candle showing confusion and has also filled the gap hence any break either side of the candle could lead to continuation of the trend so plan your trades accordingly as the gap can be seen filled.

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As we can see BANKNIFTY continued its bearishness after it couldn’t break above flag-pole pattern resulting in unidirectional fall. Now falling the global cues we can again expect BANKNIFTY to remain bearish and might come and fill the gap before finally the gap acts as SUPPORT and signs of REVERSAL around that gap can result in new bullish sentiment so plan your...

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Despite forming flag-pole pattern in bigger time frame, BANKNIFTY couldn’t break above leading to continuation of bull leading to downfall. Now eminent 52359-52500 can be seen as a strong demand zone and new longs can be added till then unless it breaks below which could result new trend which is downtrend so plan your trades accordingly.