As we can see BANKNIFTY despite of its weakness closed above 0.618 fib level showing the hope for bulls, if opens weak then we might see 34000 which is a very strong support and a psychological level wherein multiples reversals can be seen before and hence we should not short banknifty aggressively and look for supports for making new buying positions
As we discussed yesterday BANKNIFTY did showed some great recovery from the demand zone in the first half but eventually fell due to global pressure! now again banknifty can be seen trading in the same important demand zone and hence flat to small gap up opening can show recovery tomorrow but if opens gap down and sustains below the psychological level then we can...
As we can see BANKNIFTY though showed some great fall in last trading hours which was more like news influenced making it stand at very crucial levels which is around 35000 which is not only a psychological level but also a great support as we can see multiple reversals before! Hence we can expect same strong upmove if BANKNIFTY opens flat and maintains itself above 35000
As we can see NIFTY reacted from its strong demand zone which is around 16800-17000 which has been discussed many times in our analysis before showing multiple touch points and hence unless NIFTY maintains itself above 17000 we should not short ! Now we can again expect more like a recovery move ! if it opens gap down to flat, we can make new buying position which...
As we can see its been over a week that BANKNIFTY had been in consolidation maintaining a range of 36000-37000 (1000 points range ) which shows BANKNIFTY is getting squeezed and is ready for breakout and we know the bigger the consolidation, the bigger is the move expected. Hence we have to wait for confirmation of the break of the given levels and can ride the...
As we had been analysing nifty since last 2 days and it happened exactly as we analysed! now it is standing at very crucial level and though the trendline has been broken in smaller time frame but is at major resistance area, the level to look at now is 17450 as this is the pending gap that nifty had to fill and had successfully filled and as we can also see nifty...
As we analsyed that nifty is in strong demand zone and under no circumstances should we short and asked for going long ! we saw strong recovery of almost 1 percent from our given levels and still we can see it has sustained above hence if opens flat or positive we can expect nifty to continue its uptrend but if opens weak then we can see sideways market tomorrow
As analysed in BANKNIFTY we saw a strong recovery of over 600 points as it sustained above 36500 but fell finally which was more like news influenced! Likewise NIFTY also seems to be in a strong demand zone wherein multiple REVERSALS did occur previously and similar could be expected in next few trading sessions unless 16800 is broken below! hence our view should...
We did saw a huge gapdown and continued its bearishness but closed with imperceptible recovery from very important level which is 36500 and making it more like a doji candle in 1 day TF showing indecision in trend, also we can see this level has acted as a very strong demand zone showing multiple reversals and hence we should think of going long unless it breaks...
as you can see its been 2 weeks that BANKNIFTY had been maintaining itself in a range and had been in consolidation and as we always say that the more it consolidates the better the breakout can be, hence we can expect a minimum of 400++ points move if either side of the level is broken and sustained! important levels to look at now are 38000 UPSIVE as being a...
As we discussed in the last analysis that if banknifty opens weak then we can see banknifty taking support around 37200 and reverse! we did see the same scenario today as it filled the gap and reversed closing in green, in smaller time frame we can see more like a triple bottom showing strength and hence any sustainment above 37900 could break 38000 psychological...
As we can see though BANKNIFTY opened weak, it showed some strong recovery in the first half but ended up sideways after getting rejected from the psychological level of 38000! it is good to see that the trendline is still being respected and hence unless the trendline is broken below we cannot decide for new selling position, if opens gap down then again we can...
As you can see though BANKNIFTY had been falling since last 3 days and filled a gap till 37200, finally showed some strength after gap filling! further we can see it is still respecting the trenline shown below confirming the uptrend hence we will not make any new short position unless the trendline is broken below, one the other hand we can see further bull run...
As we can see BANKNIFTY had been sideways since last 3 days now! this range could be very cruical as the gap is still pending till 36700 which is the next important support! hence if tomorrow banknifty sustains below 37500 we can again see a good fall till 37000 which is an important psychological level
as we can see one sided fall shown after opening weak but took support at 37500 which is an important psychological level hence tomorrow this can also act as an important level and flat to weak opening can fill the whole gap is sustained below 37500 we can expect till 37200-37000 respectively so keep watching on the other hand if opens strong we can see sideways market
As we analysed that it is getting rejected from the given trendline and remained sideways throughout the day but did close above 38000 hence we can still expect bullishness if opens strong but if opens weak or flat we can expect 38000 to act as a strong RESISTANCE and continue to fall and expected to fall till 37200 ! so tomorrow’s direction completely depends on...
As we analysed yesterday that it was trading at important level as resistance was very eminent but it gapped up huge which was above resistance and continued its rally all way through! now we can see BANKNIFTY resisting or getting rejected from a trendline resistance but it has been tested multiple times and hence we can again expect a breakout if today’s trading...
As we can see NIFTY though it is showing strength but now trading at very crucial level and a strong RESISTANCE! Levep to watch is 17800 which is also a psychological level and has reacted multiple times from that very level hence we will have to wait for nifty to close above this given level for confirmation of further bull run else we can see NIFTY getting...