As we can see BANKNIFTY had been facing resistance which previously acted as a strong support as analysed! Moreover we can see that BANKNIFTY had been in consolidation whenever it came around these levels and remained volatile unless they break either side! hence its better to wait for trend to confirm! level to watch is 36800 upside and 35400 below which can act...
As we can see NIFTY has finally broken out of its trend like showing strength but watching it in a bigger time frame we can see that 17300 has acted as a strong SUPPORT previously and is likely that it could act as a great RESISTANCE now! We can see next Resistance at 17700 being a very strong resistance which is likely to show new all time highs if that...
As we can see BANKNIFTY is at very crucial level as we have seen in the past that BANKNIFTY had been in the state of confusion whenever it came around these levels and we have also seen BANKNIFTY remained sideways before revealing the final trend! Technically it is now trading at resistance which has previously acted as a great support and hence should show some...
BANKNIFTY Looks like we are are heading towards important RESISTANCE Level to watch is 36500-36800 which has previously acted as an important SUPPORT, now can act as an important RESISTANCE We might see max 36800 at max then we might see a strong REVERSAL Hence don’t make any aggressive long position, we might see a gap covering coming up in second half,...
As we did analysed yesterday that though it broke below support but it did closed above 35000 and it showed a hope of another bull run and that’s where all retailers got trapped by this huge gap! Though we saw the these huge gap but BANKNIFTY remained sideways the whole day being in a range! Important level to watch is 35800 for next trading session if opens flat...
As we can see BANKNIFTY had been facing resistance from the trendline from last month and though it showed weakness it finally closed above 35000 which shows there is still hope for some upmove but for confirmation we should wait for 35650 to cross as it would also break the trendline above
As we analysed yesterday that NIFTY has been nearing resistance and more like inverted head and shoulders pattern is showing strength, we finally saw the level to breakout and the trendline also broken, we can expect another bull run to continue, a better entry would be around the retest of the neckline of inverted head and shoulders pattern to confirm the...
As we can see NIFTY after its breakdown has been hitting its resistance which previously acted as a great support for a long time but finally we can see a strength and we can also see more like an inverted head and shoulders pattern which is also showing strength in bigger time frame! For confirmation we can wait for 16850 which is a strong resistance as this had...
As you can see NIFTY had been in downtrend since last month and had been following a trendline and from same trend-line we saw a great rejection! Moreover the previous acting as strong SUPPORT can now act as a Good resistance, level being 16800-16850 acting as a great resistance! Hence we will only go long and we can expect a sharp recovery if the above resistance...
BANKNIFTY finally showed some strength from our given support and finally closed in green, again if market opens flat we can see strong buying and it is expected to fill the gap from 33500-34000 in a single run, as a confirmation we can also see BANKNIFTY forming more like a hammer candle showing strong buying from the support and hence unless the low is broken...
Chart has been analysed based on weekly timeframe and as we can see BANKNIFTY is again hitting its final SUPPORT and any gap up or strong opening can give rise to easy 300-400 points unidirectionally but if BANKNIFTY opens gap down and below 32400 we can see a free fall till next week and can also reach 30000 in next upcoming trading sessions so keep watching
As analysed we did see BANKNIFTY being very volatile between 34000-35000, 34000 being final support, we did see a strong reversal around that area as analysed being a psychological level and hence we can expect 34000 to be a good final support as it has been tested multiple times before and has acted as a strong resistance! BANKNIFTY is in very tight space as next...
BANKNIFTY had been falling with immense volatility but didn’t give closing at a strong area! Our sentiment would be more like neutral as 35000 is a psychological level and hence act as a strong support or strong resistance but We can see BANKNIFTY strong demand zone which is 34000-35000 and hence we can see immense volatility between these areas unless some...
As analysed we did see a huge gap down and remained bearish throughout the day but at the end it did closed above 35000 respecting the psychological level and also respecting the trendline which it had been following since last year acting as a support and hence no new selling position should be made from here every dip should be a buying opportunity unless it...
as we analysed yesterday that technically nifty had officially broken down of its support in 1 day time frame but similar breakdown has been seen on 20th of DEC 2020 which could not sustain and was more like event influenced and hence this breakdown is also influenced by global scenarios which could lead to false breakdown, hence we can make new buying position as...
As analysed previously we did see a great recovery after being influenced by global scenario but going by the technicals we know that previously acting as a support will act as a resistance after its breakdown but since this breakdown has been made made due to global scenario and hence could be a false breakdown Keeping ourselves in the safe side, we should not...
As we can see BANKNIFTY fell as we analysed and now at very crucial area which is near 35000 and hence it is expected for BANKNIFTY to respect this psychological level and hence if BANKNIFTY opens flat we can expect sideways to slightly bullish above 35000, if gaps down then we can see 32000 anytime sooner and 35000 level will act as a great resistance
BANKNIFTY had been sideways throughout the day and gave a closing at very crucial area which is around 37300-37400 which is also a well tested demand zone and hence if BANKNIFTY opens gap down we can see this level to act as a good resistance! We can see a good downfall till 36800 being a final demand zone which has been tested multiple times and hence if 36800 is...