As we can see one strong upside move has been seen in BANKNIFTY and is expected to continue further if there is any flat to strong opening! We can expect an one sided rally of 300-400 points if sustains above 37000 tomorrow so keep watching everyone
As we analysed this since past week that nifty is trading at resistance and hence we can expect some rejection and down fall from here. Till then NIFTY fell for more than 250+ points in just 2 trading days but is heading towards important level of 16300-16350 which previously acted as a strong resistance and bull run was seen can now act as a good support and...
AS we analysed that we might see bearishness tomorrow and we did see an one sided downside movement though opened a gap down! as per the given analysis NIFTY can remain sideways to bearish for upcoming trading sessions till 16800 it can show some bullish move in intraday but is expcted to close below 16800 by the end ! the confirmation for bull will only be...
As we can see NIFTY finally reached the zone which previously acted as a strong support is now ready to act as a strong resistance p! it had been acting as a reactive zone and hence one can expect a slight correction from these levels and hence one can prepare to sell on every rise till 16850 being the final level
As we can see NIFTY is now heading towards important resistance after a successful one sided upmove, we it was more like a one sided upmove we can expect some retracement now and since the zone maked in the chart has previously acted as a strong support, can now act as a stronger resistance and get some rejection making a successful head and shoulders pattern in...
As we analysed that BANKNIFTY might face resistance around 36000 level and though it went above 36000 in the first half but closed below 36000 which shows it is acting as a good supply zone and respected the trendline too hence for now BANKNIFTY can become sideways for bearish if sustains below 36000 else if manages to sustain above 36000 then we can see a...
As we analysed BANKNIFTY opened gap down and continued it's bull being FII's becoming the net buyer which shows BANKNIFTY is still bullish despite of the fall in value of currency! Next eminent resistance can be seen at 36000 which is also a psychological level and hence if opens flat to gap down we can expect some bull run tomorrow too else we can see BANKNIFTY...
As we can see after a week’s weakness, BANKNIFTY finally showed some strength but heading towards an important RESISTANCE which is 35500 which is both a psychological level and a resistance faced by trendline hence we can expect a gap down opening tomorrow, if opens gap up we can expect BANKNIFTY to reject from 35500 level which has previously acted as a good...
As we analysed NIFTY took support exactly at our levels and reversed giving more than 150++ points! Now we can see NIFTY continuing it's bull run as in smaller time frame we can also see more like an inverted head and shoulders pattern which shows the probable upcoming bull move! Till the Support is not broken we should think of buying at every dips! Next eminent...
As we can see NIFTY is back at where is started its move and broke out of an inverted head and shoulders pattern. It has come back to the neckline of the inverteed head and shoulders pattern which can act as a good support and also multiple reversals has been witnessed at these levels hence one should look out for these key points before making a position
As we analysed that BANKNIFTY might continue its weakness as we saw a trendline rejection which clearly shows the diwntrend of the BANKNIFTY and hence as we analysed we can see more than 800 points down from top and heading towards next support which is 34360 and 36500 respectively which is more like a psychological support hence any weak opening can continue...
As we analysed that BANKNIFTY will gap down tomorrow and remain negative throughout the day! We did see 500 points down from our psychological level and important resistance and now taking support at another psychological support which is 35000 level hence we can expect a sideways to slightly bullish market tomorrow if opens strong but if opens weak and below...
We can see BANKNIFTY has closed strong showing bullisheness but it could be a trap inviting more buyers as the trendline resistance is more emminent and so is the psychological level of 35500 hence any weak opening could lead to weakness in BANKNIFTY for tomorrow on the other hand we can see some good move if sustained above 35500 in spot chart in upcoming trading...
As we can see we can see BANKNIFTY still in downtrend in bigger time frame and maintaining itself below the trendline acting as a great resistance and multiple reversals can be seen from that very trendline! Level to watch is 35500 which is also a psychological level and hence we can see a good rejection from here and continue it's downtrend
As we can see NIFTY finally broke out of a trendline and also out of an inverted head and shoulders pattern but now closed at very important resistance which had acted as a very stromg support with multiple touch points before and hence if any chance nifty opens weak we might see some retracement tomorrow
BANKNIFTY did exactly as we analysed and has also successfully filled the gap taking the neckline as support now we can see BANKNIFTY resisting at 34400 as the gap has been filled and is an important closing hence if BANKNIFTY opens flat to negative we might see a good downside movement on the other hand if opens strong we might see 34400 acting as a good support...
As we can see banknifty is testing its support after the break of its inverted head and shoulders pattern above and closed around its neckline making it a very important level as any weak opening and sustainment below the neckline could lead banknifty to become sideways but it opens flatbto strong then we can again see a good buying
As we can see fresh breakout has been witnessed in banknifty after a week long consolidation and hence we if see more of a weak opening, we might see banknifty taking support at its neckline and fresh buying positions can be made from that very avting support! mect immediate psychological resistance is at 34000 which might act as a good resistance hence close...