As we analsyed that 16400 is an important support and we did saw the same though it was weak in the first half but closed above our important support which shows that NIFTY is ready for another upmove. If nifty opens flat to sloghtly bullish we can make new buying position keeping small SL, On the other hand if opens weak and sustains below then only we can plan...
As we can see important SUPPORT of 16400 is still protected and maintaining itself in range! we can expect nifty to make new trend only if sustained above given levels else nifty can continue being in range and buying on support areas and selling on resistance can be done
As we can see NIFTY got rejected from important level of 16800-16900 which previously acted as a strong support which now is acting as an important RESISTANCE and now we can see nifty heading towards important support after getting rejected. As nifty just brokeout of an inverted head and shoulders pattern and there is a possible chance that the neckline of this...
As we analysed that nifty had been in tight range and it had been in that range throughout the day finally closed at very crucial level which is very close to its resistance level being 16700 and hence any closing above 16700 can show 17000 anytime sooner
As analysed yesterday we saw banknifty maintaining the specific range and had been volatile throughout the day! we can see NIFTY in the same shape as of now maintaining a tight range! important level to watch are 16700 being strong resistance and 16350-16400 being strong support!
As we discussed yesterday that we can see some rejection from upper level which is aeound 36000 and we can expect some bearishness from that very level! we saw exact rejection from there itself today and fell more than 600 points! tomorrow we can see banknifty to remain sideway as two important levels 35000 and 36000 is standing both sides and hence trend will...
As we discussed and analysed BANKNIFTY after opening huge gap up! gave false breakout above and finally fell down! As we can see BANKNIFTY has filled its gap and hitting resistance which has previously acted as a strong SUPPORT hence we should only go long above 36100 if sustained! till then we can keep selling on rise
As we can see BANKNIFTY finally broke out of a month long consolidation and an inverted head and shoulders pattern due to which we saw continuous green candles from that very level but on a cautious note we can see BANKNIFTY heading towards a psychological level which is 36000 and this level has acted as an important level before and hence if opens big gap up we...
As we can see BANKNIFTY finally broke out of a month long consolidation as analysed and saw the gap covering! Now we can see BANKNIFTY has successfully filled the pending gap and hence the above closing prices will act as a strong RESISTANCE now! if opens strong above 35150, we can see again a strong upmove till 35650 level which is its next strong resistance but...
As we can see BANKNIFTY had been respecting a level of 34600-34800 and getting rejected from that very level since last 2 weeks now and also this level has been tested multiple times and hence we can expect a good breakout and a gap covering till 35100 level unidirectionally! 34600-34800 is a NO TRADE ZONE for BANKNIFTY and below this banknifty will remain...
The following levels given is based on multiple touch points showing nifty at crucial level of 16000! if nifty opens below 16000 then we can see this level to act as a strong RESISTANCE and continue its downfall on the other hand if opens above 16000 then we can make new buying position until 16000 is broken below
As we can see NIFTY after a good bull run in the first half, we saw some rejection from the gap pending! since NIFTY got rejected from same levels for more than 3 times, we can expect NIFTY to break and fill the gap till 16600 hence we can go long as soon as the last trading day’s high is broken which is around 16450 else we can see NIFTY to remain sideways if...
As we can see though we saw some strength in the first half but it closed around previous trading day close! Also we can see that NIFTY had been closing at same level since last three trading days and hence making it a MAKE or BREAK level! It is expected to recover from here if opens gap up but due to any scenario if opens weak/ gap down and breaks below 15700 we...
As we can see NIFTY again closed around previous trading day CP and also we can see previous REVERSAL and the change of new trend from this level itself hence making this level a very important level. So, on monday if we see a flat opening and breaches this level of 15700 below we can see quick one sided fall till 15500 which is the next psychological level On...
As we can see NIFTY showing weakness as it has also broken below a week consolidation and came to the place where the bull run started but as we can see more gap is pending below which nifty can fill which is till 15400 and hence any weaker opening can show another 100-200 points one sided fall till its last noticeable SUPPORT till 15400 and the first support...
After a week of consolidation and whipsaws we can finally see BANKNIFTY gathering strenth and looks ready to move! Despite whispaw, our view had been clear of making new buying position at every dips! now important level to watch above is 34800 and hence as soon the level is broken we can go long for the gap till 35100
As we can see BANKNIFTY is still in range but we can clearly see 34000 being an important psychological level also acting as a strong demand zone! Morever we can see a gap which is yet to fill till 35100 ! hence we can keep buying until it sustains above 34000, else if broken this level can act as a great resistance and there is a space till 32000 for banknifty to fall
As we analysed we did analysed this great recovery from 34000 and reached till 34500 which is also a psychological level and got rejected from that very level making it a very crucial range and hence if it opens strong and sustains above 34000 we can still look for buying! on the other hand if opens big gap down then 35000 will act as a great Resistance and we can...