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A correction can be witnessed in NIFTY from current levels if last trading day’s low is broke and the level to look out for is 17420 This correction is much needed as it would complete the wave formation and also RETEST the breakout level which previously acted as a RESISTANCE to make a further new high

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We’ve not been analysing about BANKNIFTY as NIFTY was in far better position and as expected and analysed NIFTY did made its new ALL time high and had been better than BANKNIFTY all this time! Now it’s time time to watch BANKNIFTY too cause the movement has been pending in BANKNIFTY As you can see BANKNIFTY has formed more like ascending triangle pattern...

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We discussed that above 17380 we can see a new high made it didn’t breach that level and fell due to market pressure but the point to be noticed here is that this level has been tested multiple times thus making the level weaker! Any string candle closing above this level can lead to NIFTY all time high In the other hand if NIFTY opens weak, we can see a...

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NIFTY looks stronger than BANKNIFTY as it has not only formed inverted head and shoulders pattern but also an ascending triangle pattern can be seen, both showing bullishness The level that needs to watched is 17380 on which immediate break with candle close can give NIFTY another it’s all time high

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BANKNIFTY showing multiple rejections around 36800 level which has been tested multiple times which made that very level weak, hence if this time it breaks the level it can lead to BANKNIFTY’S all time high In smaller time frame we can see a inverted head and shoulders pattern which right shoulder is yet to be made whose neckline being 36850, on close of which...

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BANKNIFTY had been volatile throughout the day but couldn’t close above 36800 which still shows volatility upcoming unless it closes above 36850 which is a major resistance and has been tested multiple times, also a ascending triangle pattern is being witnessed The range to look at if it not breaches 36850 is 36500-36800 which would lead to huge premium decay...

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As expected we did saw a downfall below 36550 and made a low till 36200 being our support and reversed exactly from there with huge volume! This move made the market volatile throughout the day! Now expecting the market to be sideways to volatile unless these levels mentioned are breached and sustained above Would go long only if sustained above 36700

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as we discussed in last few analysis that though banknifty has broken out of a month long consolidation, it failed to show strength which led to sideways to bearish market, now banknifty is trading at very crucial levels as the level 36500 has been tested multiple times making it weak and certain pattern formation can also be witness which are decending triangle...

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BANKNIFTY still in uptrend and have successfully broken out of a month long consolidation but now it is trading on very crucial levels, though it has broken out of a month long consolidation it did not show the strength and volume that was expected expecting short term bullishness from here till banknifty sustains above 36200-36500 which is long range as a level...

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BANKNIFTY more like an inverted head and shoulders breakout identified in the last minutes of closing which can make BANKNIFTY ready for its ALL TIME HIGH levels to keep note of 36850 and low level to take note is 36700 whose break would also break the trendline following since last week break of either levels, we can witness 300-600 points rally based on...

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BANKNIFTY did break the long following channel but would this breakout sustain?? as we analysed yesterday that the day could be volatile to sideways as market doesnt go unidirectionally hence further we can see that market didnt sustain either of the levels we dicussed which were 36500 or below 36300 and hence was hard for retailers to trade today tomorrow we...

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as analysed yesterday we did expected a one sided rally and blast above 35800, it did exactly he same as we saw over 700++ point rally in one go but as we know market doesnt go unidirectionally and hence we can expect sideways mrket with low volume as also 1st september the new margin is going to be introduced will also reduce the volume in the market. for short...

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banknifty has been trading in the parallel channel since last month and expected to blast anytime sooner the very important level that needs to break and sustain with proper candle close for the confirmation of the uptrend is 35800 reason behind the expected blast if sustained above 35800 are- firstly, the ongoing parallel channel which is more like a month...

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as we analysed yesterday, we expected a sideways market today and we did see that today, but huge rise in OPEN INTEREST can be witnessed in OPTION CHART in far OTM strike prices which indicates some huge move which is about to come and its about over a month BANKNIFTY has been consolidating in 1000 point range ever since and we have already seen NIFTY at its ALL...

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watch the last analysis we have made of BANKNIFTY and it did reversed from exact those levels which was done with proper anaysis now we did saw a strong pullback in BANKNIFTY though NIFTY didnt reacted the same which shows banknifty still has some move left which is yet to be performed, we saw a rally and also a strong closing above 35600 which led to close...

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NIFTY had been trading in symmetrica triangle since last week which shows short term bearishness keep watching and wait for retest for entry for better risk to reward

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we have seen some selling pressure in last few days but it looks like the selling has slowed down eventually making a hammer like candle at the trendlin itself which showed the bulls has taken over and not ready for any other fall we caan see a gap up opening tomorrow which could potentially fill the gaps created

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One shouldn’t make any new position unless the following levels mentioned on chart are breached with proper candle closed! Currently no confirmation has been seen Keep watching all levels