As we saw there had been an another sideways market throughout the day as analysed, now in bigger time frame we can see BANKNIFTY has formed more like an W pattern in bigger time frame and its the fourth time it is hitting resistance level of 43350 making is weak and hence we can expect a big breakout if opens flat to strong and breaks its todays high for more...
as we can see BANKNIFTY consolidated exactly as analysed and had been sidwayas throughout the day, now we can expect more of consolidation in upcoming trading sessions before finally giving an unidirectional move, now we can expect BANKNIFTY to react at given levels
As we can see BANKNIFTY despite the huge gap up couldn’t sustain itself and fell one sidedly and went inside the zone of consolidation.. We might see BANKNIFTY hovering between 42900 to 43350 levels before showing a unidirectional rally, moreover if BANKNIFTY opens weak tomorrow then we might see a volatile to weak market
As we can see BANKNIFTY had been in consolidation in past few days after a strong uptrend which further signifies the continuation of the trend hence if BANKNIFTY opens flat we can expect it to break 43350 level above as this level has been tested multiple time but if opens flat we can expect a slight profit booking and gap covering before finally resuming the uptrend
As we can see NIFTY is respecting a trendline which is potentially acting as a resistance, despite the 18600 being the resistance it broke up right away but closed around 18600 levels which could potentially act as a support but if NIFTY fails top open strong and opens gap down we might see another volatile market
As we analysed that NIFTY might see rejection from 18600, we saw exact rejection from 18600 and fell subsequently over 100++ points, we might even see a gap down opening tomorrow and we might again see NIFTY being rejected at the yesterday’s high at the same level hence we might see a sideways to negative market tomorrow
As we can see NIFTY respected all our given level and heading towards its initial final resistance which is 18600 levels which could potentially act as a great resistance, till now NIFTY is strong and bullish indicating every dip to be a buying opportunity and hence only 18600 level is level to concerned about and if sustained above we can see 19000++ anytime sooner
As we can see BANKNIFTY after consolidation finally showed some great upmove which was very well analysed by us in the previous analysis! Now we can expect BANKNIFTY to remain sideways if opens flat to slight gap up and If BANKNIFTY opens weak we might see a volatile market coming this FRIDAY so keep watching everyone
We can expecta big gap up coming up based on the price currently being traded in SGX but the main concern is to make sure if NIFTY could sustain itslf above 18440 which is its recent high and theres high chances of NIFTY getting rejected around those levels and hence going straight up long after a strong opening shouldn’t be done rather we can initiate sell...
As we can see BANKNIFTY had been in consolidation for quite a while after breachinh its all time high which could show a potential pause after a breakout making a FLAG POLE pattern which is also a sign of continuation of bull run but the next immediate resistance can be witnssed around 42600 so if market opens flat to gap up we might see a good rally tomorrow so...
As we can BANKNIFTY had been in range throughout the day giving no trade opportunities hence we might expect a more of a trending day but it has to break either of the given levels and sustain itself to become trending else it can be sideways to volatile ( on a bullish note )
As we can see as analysed the weakness BANKNIFTY exactly broke down the trendline below and fell over 200 points from the breakdown but it did recovered itself in the last closing hours now we can see that 42600-42650 level has been tested multiple times and became weak hence we might expect a breakout in coming trading sessions if hits this level hence as of now...
As we analysed BANKNIFTY exactly got rejected from 42600 levels and fell over 200 points but based in the closing we can expect a slighy strong opening tomorrow then we might see 42600 level breakout and carry its bullrun as it has been tested multiple times before but if BANKNIFTY fails to open strong and opens with weakness then we might see a selloff of over...
As we analysed the previous day, BANKNIFTY opened flat and continued its bullrun till 42600++ levels now we can see BANKNIFTY trading around it’s important resistance which is around 42600-42640 as BANKNIFTY had been rallying one sidedly we can expect a rejection around these levels before making a new high so keep watching everyone
As we can see BANKNIFTY just broke out of a tight range and closed above 42350 hence we might see BANKNIFTY continuing the rally if opens flat and crosses the previous high, of Banknifty opens weak it will get back into consolidating zone and we might see a sideways to negative market so keep watching everyone and stay ready for both scenarios
As we can see BANKNIFTY after breaking its all time high finally taking some halt forming more like an flag-pole pattern bigger time frame which is also a sign of bullish continuation hence we can expect BANKNIFTY to continue its rally if BANKNIFTY is able to sustain itself above 42250 levels, On the other hand, if BANKNIFTY breaks below 41900 we might see...
As we can see NIFTY has been respecting the trendline and followed the trendline since 17000 levels, despite the breakdown caused due to gapdown, we can see NIFTY back on track continuing its uptrend. Now Nifty can further show some more upmove towards 18600 levels which is NIFTYs all time high which could potentially act as a strong resistance
We had been analysinh since past week that BANKNIFTY is strong and asked everyone to buy on dips and here we are looking at the global cues we might expect a big gap up opening tomorrow but that brings BANKNIFTY to its next important resistance and psychological level which is 42000 mark hence going long right after opening doesn’t seems to be a good idea rather...