As we can see BANKNIFTY reversed exactly from our zone and showing unidirectionally upmove now closed at very important level of inflexion, not taking consideration of the oncoming budget, watching technically we can see BANKNIFTY strong and ready to fill the gap till 41500 which is its next psychological level but it could be done with immense volatility so keep...
As we can see BANKNIFTY exactly took support at our psychological level and reversed exactly from there and moved over 1000++ points from there now closed above 40000 psychological level hence as long as BANKNIFTY is sustained above 40000 level we can still make new long positions till 41600 so keep watching everyone
As we can see BANKNIFTY fell one sidedly as we analysed now it can be seen trading around its psychological level of 40000 which is a strong demand zone, we might see BANKNIFTY to fall further below 39500 but closing abpvw 40000 is something we are looking for another uptrend to continue so keep watching everyone
As we can see BANKNIFTY finally reached its strong demand zone and a psychological level of 41500 and closed above given level now we can expect BANKNIFTY to open strong tomorrow and if fails to open strong and opens around 41500 level, any signs of reversal around this area, new buying position can be made but if fails to sustain itself above 41500 level then we...
As we can see depsite the gap up opening, nifty couldn’t sustain itself and fell down over 120 points and it is pretty evident that when market makes some pattern pretty obviously it tends to work against it the very next day if opens with huge gaps but there are higher chances of nifty breaking above towards its new all time high anytime sooner
As we can see NIFTY has formed more like an inverted head and shoulders pattern which indicates a strong uptrend in coming trading sessions! important levels to watch is 18170 levels which is also yesterday’s high and a neckline to break for uptrend to continue in NIFTY
As we can see BANKNIFTY had been consolidating since last week now and no significant move can be seen past 6-10 days hence we can expect a strong and unidirectional move in coming trading session anytime sooner! for the above move to happen banknifty needs to break either of the levels which includes 42700 being a strong resistance and below the level to be...
As we can see BANKNIFTY had been in downtrend since last week now respecting a trendline, watching in a bigger time frame we can see BANKNIFTY in more like inverted flag pole pattern which is more like a bearish continuation pattern hence we can expect BANKNIFTY to break down but important levels to watch out are 41500-41800 being an very important SUPPORT and...
As we can see NIFTY had been moving up unidirectionally after breakout and hence we can expect a rejection anytime sooner around 18250 levels which had been an influence point previously and also a psychological level hence we can expect the rally to continue till 18250 before the rejection is witnessed so keep watching everyone
As we can see NIFTY being in range finally broke out of the trendline and also closed above psychological level and important support of 18000 hence we can expect NIFTY to show some great upmove till 18000 is sustained above and not broken down hence as flat opening can show the continuation of uptrend hence we can start making new long positions from here
As we can see NIFTY had been trading in downtrend since 2 weeks ! now we can see NIFTY had been trading in range now but that states that a very big move is emminent which could be both downside or upside hence we must look at some important levels for now which are 17800 and 18000 which is a tight 200 point range hence we should wait for either levels and sustain...
As we can see BANKNIFTY has formed more like a W patteen in smaller time frame which is also known to be a trend reversal pattern and a sign of bullishness hence we can expect a strong upmove from here hence we can prepare for upmove for now till 43000 is achieved which is its nxt important and psychological resistance
As we can see BANKNIFTY has tested its support multiple times now making it weaker hence to confirm the downtrend it had to sustain below 41600-41500 levels but at current scenario it looks like BANKNIFTY might show some upmove and also a trend line can be seen to which a breakout can be expected anytime sooner, for confirmation one must wait for BANKNIFTY to...
As we can see BANKNIFTY had been volatile to sideways throug the day as we analysed but we can see more like an inverted flag pole pattern in smaller time frame which shows signs of bearish continuation hence if opens weak and sustains below 42000 mark we might see BANKNIFTY falling till 41600-41500 which is its next psychological level else it could remain...
As we analysed BANKNIFTY again made it very obvious of its inverted head and shoulders pattern in smaller time frame and finally fell but it did closed on a good note which is above 42000 mark which is also a psychological level hence we can expect a sideways market tomorrow id sustained above 42000 mark else if faliled to sustain then we can see sharp fall till...
As we analysed BANKNIFTY had been sideways to volatile throughout the day now we can see BANKNIFTY being in more like inverted head and shoulders pattern which shows signs of strong uptrend hence we should wait for neckline to break, neckline to witness here is 42650-42700 levels on the break of which we can see 300-400++ poimts upmove if opens flat but if opens...
As we can see BANKNIFTY has been falling one sided since last week, but looking at global cues we can expect a gap up opening but we can’t expect one sided upmove rally if opens gap up hence important levels to watch as of now is 42000 and 42650, expecting a sideways market tomorrow moving between the range and no rally can be seen if either of the levels is...
As we can see after much of consolidation BANKNIFTY finally broke down and fell over 1000++ points in just 2 days! Now watching the global cues we can expect a gap down opening tomorrow and hence opening near 42000 mark which is a supposed strong support and also a psychological level we can see a strong upmove hence we should wait for signs of reversal before...