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as we can see BANKNIFTY remained sideways to negative as we had been analysing since past few days that BANKNIFTY had been in rising wedge pattern which is more like a bearish pattern hence break of the structure could lead to a big directional fall hence was long as BANKNIFTY maintain itself within the structure it can remain sideways to negative till it finally...

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As we can see slowly and steadily BANKNIFTY can be seen moving in uptrend, also has broken the trendline but can be seen in consolidation and indecisiveness which shows the breakout is not strong enough or buyers are not confident enough to make market move upwards hence till the zone is broken either side, the trend cannot be identified so plan your trades accordingly.

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As we can see BANKNIFTY had been volatile throughout the day which is expected in monthly expiry. We stil stand by our analysis as our bias has just turned negative as it broke below rising wedge pattern and in smaller time we can see more like a head and shoulders structure which also support our views hence till 51000 is level is respected, we can expect...

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As we can see BANKNIFTY had been trading in more like falling wedge pattern in smaller time frame which is bearish pattern and it has been broken down hence as long as BANKNIFTY manages itself above trendline, we may see BANKNIFTY being strong but if closes below 51000 level then it will not only break last swing but also will start trading below the trendline...

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As we had seen though BANKNIFTY showed weakness, it managed to show V shaped recovery from bottom towards complete gap filling. Hence now as it has filled the gap, the previous swing till gap could act as a RESISTANCE but shows bullish as sustained above trendline hence we can expect a mixed volatile sessions in coming trading sessions so plan your trades accordingly.

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As we can see BANKNIFTY did managed to show strong upmove after opening strong above the trendline resistance but ended up closing below the trendline with big wick above forming more like a bearish hammer showing signs of weakness. Hence as long as BANKNIFTY doesn’t sustains itself above the trendline, every rise can be sold so plan your trades accordingly.

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As we can see BANKNIFTY has filled its much awaited gap and can be seen trading around trendline resistance. Now as long as BANKNIFTY trades below the trendline, every rise can be sold till it closes above the trendline for change in trendline for target being new ATH so plan your trades accordingly.

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As we can see BANKNIFTY is stronger than NIFTY because it has a gap to be filled which has already been filled by NIFTY hence we can expect more of bullishness in BANKNIFTY till the gap is filled till it gets rejected and continues it next trend so plan your trades accordingly.

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As we can see BANKNIFTY has shown signs of REVERSAL after a series of consolidation which could lead to potential unidirectional move followed by its break. Unless it’s broken down, we can’t expect a change of TREND, till then BANKNIFTY remains bullish till 46700 is protected and have we might see more of bullishness as the impending gap is yet to be filled so...

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As we can see NIFTY has completely filled the pending gap exactly as analysed and now it can be seen trading around supply zone. Hence as long as NIFTY sustains above the yellow line, it remains bullish else we may see another sideways to negative market in coming trading sessions so plan your trades accordingly.

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As we can see NIFTY has formed more like a flag-pole pattern which is also a bullish continuation pattern but it is currently trading at MAKE or BREAK level hence as long as NIFTY manages to sustain itself above the given trendline it can lead to strong short covering else we may see another sideways to negative market in coming trading sessions so plan your...

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As we can see NIFTY showed a strong recovery despite being in bearish sentiment which shows the power of bulls hence as long as NIFTY stays in uptrend, we can expect NIFTY to continue the main trend. As of now we can see an impending gap till 24700 levels which can be filled if NIFTY manages to open flat to strong but if fails then we may again see indecisive...

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As we can see BANKNIFTY has closed around important support which has been tested before making it weaker hence if any flat to strong opening followed by bearishness can result in breakdown of the structure which could lead to 4800-47900 unidirectional rally so plan your trades accordingly.

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As we can see NIFTY remained negative as it couldn’t sustain itself around the range and had been falling leading to gettting back in structure hence we can now expect more of sideways to negative market in coming trading sessions till NIFTY finally breaks side for unidirectional move so plan your trades accordingly.

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As we can see despite negative sentiments, our Indian index managed to close itself in almost green scenario showing the strength of Indian market. Further more we can see NIFTY sustaining above the structure which shows signs of bullishness hence as long as NIFTY sustains itself above 24350 we can go long unless it opens weak and inside the structure then we can...

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Following the global cues we can expect INDIAN market to take a hit making it coming back in structure unless Indian retailers opt to take revenge on western short sellers leading to short squeeze. As of now we can still expect NIFTY to remain bearish till it sustains above the previous trading day high. It’s better to avoid days with immense volatility unless...

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As we can see NIFTY had been sideways to negative as we had analysed. Now following the global cues, we can expect NIFTY to open strong but we can see a strong resistance hovering above NIFTY which can still put NIFTY under pressure hence as long as NIFTY is below the supply zone every rise can be sold till it sustains above the zone for another ATH so plan your...

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As we can see BANKNIFTY has been in consolidation since last few days and in short term can be witnessed as inverted flag-pole pattern which shows bullish continuation. Despite the recovery we are still bearish till it breaches 50740 levels which would then lead to gap covering and further continuation of uptrend so plan your trades accordingly.