As we can see despite the weakness, BANKNIFTY managed to close strong with hammer kinda candle in daily time frame. Despite BANKNIFTY closing below the psychological level, we can still expect BANKNIFTY to show strong reversal which could also be fuelled by the approval of LIC which can have over 9.99 percent stake in HDFCBANK so plan your trades accordingly.
As we can thought we opened weak but managed to close strong well above 45000 which is a psychological level but the bears are always taking over despite bulls try. We can see more of downfall in coming trading sessions if BANKNIFTY couldn’t hold itself above 45000 which could give rise to a new trend till then BANKNIFTY could remain sideways to bullish with...
As we can see BANKNIFTY showed unidirectional downfall which was completely unexpected as we decided a good upmove if BANKNIFTY opens flat but it opened with huge gap up and fell unidirectionally but we can see BANKNIFTY managed to close above 45000 mark which could potentially act as a psychological and SUPPORT hence if BANKNIFTY manages to open flat to slight...
As we can see BANKNIFTY is showing signs of REVERSAL around trendline which has been respected by BANKNIFTY in bigger TIME FRAME. Hence if BANKNIFTY opens flat and crosses 46200 then we might see another strong unidirectional upmove in BANKNIFTY so plan your trades accordingly. JAI SHREE RAM
As we can see NIFTY managed to remain sideways to bullish as we analysed in our previous analysis! We also saw NIFTY taking support at trendline. Now watching the global cues we can expect NIFTY to open strong but it will be important to see if NIFTY manages to sustain itself with that strength as it could be influenced by RIL results so could remain volatile...
As we can see NIFTY finally showed unidirectional fall after resisting from our previous acting SUPPORT but managed to recover almost in V SHAPE. Since looking at chart it makes very evident that NIFTY should resist from here and continue its fall but market also does opposite of what’s most expected hence we can expect NIFTY can show temporary weakness but...
As we can see NIFTY has shown strong bearish candle but managed to close above our given level but this level has been tested many times now making it very weak hence if NIFTY manages to open above 21450 and breaches our level we may see another 200-300 points unidirectional fall and agressive short positions can made with great R:R so plan your trades accordingly guys
As we can see despite the strong move BANKNIFTY couldn’t close above 48250 and remained sideways to weak throughout the day forming DOJI kinda candle in daily time frame showing indecision hence can be sought that it has taken the liquidity and ready to create a panic for buyers hence we can expect a weak opening creating panic before finally continuing its rally...
As we can see BANKNIFTY can be seen forming a flag-pole pattern which signifies a trend continuation pattern hence any closing above the flag and given level of 48250 could be a good buy for a new ATH so plan your trades accordingly
As we can see NIFTY showed an unidirectional up move as analysed in our previous analysis that if we won’t be able to see a good move unless the trend line is broken but we did see a strong opening with proper sustainment which followed by a good up move. Now that NIFTY is trading at its ATH, we may see NIFTY continuing its uptrend till 22000 which is its...
As we can see despite the attempt to break the trend line, it failed and remained negative throughout the day as analysed in our previous post but we can now see that NIFTY has tested both its sides i.e SUPPORT and acting RESISTANCE which makes the trend line weak hence any closing above the given trend line could be a good BUY else we can see another sideways to...
As we can see NIFTY despite showing weakness in the first half, managed to REVERSE exactly from our given level as the gap acted as a great support but on the other hand made the support more weaker hence we cannot confirm NIFTY to be strong unless it breaks the trend line above and sustains else we may see NIFTY getting rejected at trend line and falling...
As we can see NIFTY has tested this level multiple times now making it weaker hence if NIFTY opens flat and breaches this level, we may see another strong sell off in NIFTY but if NIFTY opens weak, we may see another strong recovery in the market taking support at given levels so plan your trade accordingly
We did see a strong fall as we analysed in our previous analysis that if the last candle’s low is broken below we can see a strong fall and we did see that. Now if NIFTY manages to open flat and breaks last swing, we might see a continuation in rally and further downfall can be witnessed which can create a potential panic so plan your trades accordingly
As we can see NIFTY has finally able to close above the trendline which signifies a strong buying being made hence we can expect every dip as a buying opportunity till this weekly doji kinda candle is not broken below which could lead to a strong fall so plan your trades accordingly
As we can see NIFTY got rejected exactly as we analysed and showed unidirectional upmove as the trend line which previously acted as a RESISTANCE has now acted as SUPPORT hence as long as NIFTY maintians itself above the trend line, every dip could be a buying opportunity until a sharp fall closes below the trend line which could potentially start the new trend...
As we can see despite did show some weakness in daily we can see NIFTY heading towards important SUPPORT which previously acted as a RESISTANCE hence unless NIFTY sustains below the trendline, we can again expect a strong RECOVERY after opening weak hence plan your trades accordingly everyone.
We did see some strong downfall as analysed in our previos analysis with proper reason that the trendline has been tested multiple times and any break could show good fall and we did see that. Now despite the fall NIFTY managed to close itself above the trendline acting as a support hence unless NIFTY closes below the trendline this week, we cannot be sure of any...