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We had been in uptrend as of now and considering this downfall as a retracement, we can expect BANKNIFTY to remain in uptrend so plan your trades accordingly.

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We can see signs of REVERSAL from our demand zone and psychological level hence as long as the the zone is protected, every dip can be bought so plan your trades accordingly.

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As we can see we have finally reached the psychological level and important demand zone which hasn’t been tested before and hence could react aggressively from here. Hence as long as BANKNIFTY maintains itself above the given level, we may see sharp short covering else any closing below the given zone could lead to new trend which is downtrend and can lead to...

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As we can see a strong downward move which was unidirectional and can be seen heading toward lower range of the consolidation. Any closing below the range could lead to big unidirectional move till 50000 which is both a psychological levels and important demand zone so plan your trades accordingly.

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As we can see BANKNIFTY had been in consolidation for quite some while now and hence the bigger the consolidation, the bigger is the expected move hence we may expect a huge unidirectional move after either of side if broken and sustained so plan your trades accordingly and keep watching keenly.

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As we can see BANKNIFTY can still be seen in phase of consolidation after showing signs of REVERSAL but had been bearish as analysed in our previous post. further we can see an important demand zone and psychological level around 50000 hence we may see BANKNIFTY grading slowly towards 50000 levels before finally taking support for new change of trend so plan your...

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As we can see BANKNIFTY remained weak throughout the day as we analysed in our last post that BANKNIFTY is going to remain weak below 52500 level hence every rise can be sold till 52500 is broken above and sustained for new uptrend so plan your trades accordingly.

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As we can see despite the strong movement in all other index including NIFTY and Sensex, BANKNIFTY remained sideways to negative throughout the day showing no strength despite looking good pattern wise. The pattern seems to viable only if BANKNIFTY breaks above 52500 until it can remain sideways to negative so plan your trades accordingly and can prepare for...

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As we can see BANKNIFTY showed strong upmove in the second half which could be a potential reason due to upcoming US election. Nevertheless the bias seems to be changed to bullish as we can see more like a W pattern and a series of consolidation hence any break of consolidation could lead to big move either side so plan your trades accordingly and keep watching.

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Following the weekly close of the candle which had been below the trendline, we can confirm that the trend has been technically changed now and hence next eminent support can be seen around 50000 mark which is both a psychological level and important demand zone hence plan your trades accordingly.

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One of the best company enjoying monopoly in its sector which would further contribute to the growth of the country. Any price below 1300 is a great buy for a minimum of 3000-4000 in coming years, can be counted in value investment. Plan your trades accordingly and wait for the right time to enter. HAPPY DIWALI enjoy 🪔✨

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As we can see NIFTY showed negative closing but still closed above our support and trendline making it strong. Hence unless and until NIFTY closes below 24000, every dip can be bought for new ATH so plan your trades accordingly.

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As we can see despite strong downtrend and selling pressure, NIFTY managed to REVERSE strongly as we had been expecting based on the strong demand zone and trendline support hence as long as TRENDLINE in protected, every dip can be bought and we can expect more of strong uptrend if 24500 is broken and sustained above so plan your trades accordingly.

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As we can see, NIFTY has finally taken support and has shown signs of REVERSAL from our trendline support hence unless NIFTY doesn’t closes its weekly candle below the trendline support and psychological level, every dip can be bought as we can expect the uptrend to carry from here so plan your trades accordingly.

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As we can despite the strong fall, NIFTY can be seen trading at important demand zone and heading towards important psychological level hence we might see NIFTY reaching 28000 levels but this zone can be used for accumulation of stocks offering great value hence we can start value investing from here, let’s say 30 percent cash can be brought and average later on...

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As we can see BANKNIFTY had been the strongest INDEX out of all as it had been trading at our important demand zone. Now we have more one day left for the weekly candle to close for confirmation of trend hence if BANKNIFTY falls and closes below 51000 mark then we may see a new trend which is downtrend else we can see sharp recovery in coming trading sessions so...

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As we can see, BANKNIFTY can be seen forming more like a head and shoulders pattern in bigger time frame but is still maintained above 51000 psychological level and important demand zone hence unless this weeks candle closes below 51000, the trend won’t change and we can see strong Recovery anytime sooner so plan your trades accordingly.

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As we can see despite the fall, the trend doesn’t seems to be changing as the psychological level is still protected and price is sustained above. Following our view, we can still expect BANKNIFTY to reverse anytime sooner if the level is not broken which would lead to change of trend so plan your trades accordingly as this weeks candle is going to be very crucial.