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As we can see BANKNIFTY had been in strong uptrend ever since without any serious correction. Further we can see BANKNIFTY taking support at trendline at every minor corrections which stands around 48000 levels hence we can expect 48000 anytime sooner in BANKNIFTY but if BANKNIFTY fails to take support at 48000 levels then we may see a panic in market taking...

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As we can see BANKNIFTY can be testing the supply zone and getting rejected from there. Following the ongoing global cues we can expect another negative opening for BANKNIFTY and we had been analysing that till BANKNIFTY doesn’t gets inside the structure, every rise can be sold so our plan remains the same for coming trading sessions and very bearish below 51100...

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As we can see BANKNIFTY after breaking down from the flag structure had been negative to indecisive since quite some time now. Now following the structure we can expect BANKNIFTY to remains sideways to negative in coming trading sessions till it enters back in the structure which would make it bullish hence keep monitoring the market closely and plan your trades...

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As we can see BANKNIFTY despite trying to make new highs is continuously getting rejected at higher levels making opportunity for every rise to be sold. Hence as long as BANKNIFTY maintains itself below the structure and trendline every rise can be sold for bigger targets as we may see a strong profit booking in coming trading sessions so plan your trades accordingly.

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As we can see despite the strong opening BANKNIFTY got rejected and fell strongly from the given trendline showing BANKNIFTY’s weakness below the trendline. Hence as long as BANKNIFTY remains below the trendline we can expect sideways to negative market for coming trading sessions so plan your trades accordingly.

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As we can see BANKNIFTY has absorbed all the potential shocks and recovered almost 600++ points from forming hammer pattern. Now following the global cues we can expect BANKNIFTY to open strong but we will have to watch if it sustains. If it couldn’t sustain then we may see another sideways to negative gap filling market tomorrow so plan your trades accordingly.

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Following the global cues, we can expect BANKNIFTY to open strong but we must take into account if BANKNIFTY manages so sustain itself at higher level. Since BANKNIFTY is in downtrend as of now, despite the strength we can expect BANKNIFTY to fall despite its strong opening hence as long as BANKNIFTY is below 52000 every rise is a selling opportunity so plan your...

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As we can see BANKNIFTY had fallen for two days straight since the break of our given structure. Now there can’t be seen any eminent strong demand zone wherein BANKNIFTY can take support hence we can again expect BANKNIFTY to remain sideways to negative for coming trading sesssions so plan your trades accordingly.

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As we can see BUDGET didn’t impacted the market as expected and broke below and managed to close below the structure. Hence we may expect bearish to sideways market unless it gets back in the structure so plan your trades accordingly.

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As we can see despite the weak opening BANKNIFTY managed to close inside the structure showing the bullish sentiment. Hence we long as the structure is maintained, any break above the flag-pole pattern could lead to strong upmove which could unidirectional in nature hence plan your trades accordingly

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As we can see BANKNIFTY has formed more like a flag Pole pattern in bigger time frame and it seems the flag has not been broken yet. But we know the bigger is the consolidation, the bigger could be the move hence any closing above or below the structure can give unidirectional move of over 600++ points so plan your trades accordingly everyone.

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As we can see BANKNIFTY had been consolidating in the form of flag-pole pattern since quite sometime now making both demand and supply zone weak. Hence any closing above or below zones can lead to unidirectional move so plan your trades accordingly.

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Following the global cues, we can expect BANKNIFTY to open strong around the trendline resistance. We may expect a sharp fall if BANKNIFTY couldn’t sustain itself above the structure but any closing above the structure could show another unidirectional movement so plan your trades accordingly.

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As we can see BANKNIFTY is forming more like a flag-pole pattern which is also a bullish continuation pattern if the structure breaks but we can also see a trendline resistance which had been resisting BANKNIFTY for quite sometime now. Hence we can expect a trap if BANKNIFTY breaks but couldn’t sustain itself above the structure which could lead a to a bigger fall...

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As we can see despite NIFTY breaching new ATH every other day, BANKNIFTY can be seen stuck in a range after rallying and getting rejected from the shown structure. Hence we can look for shorting opportunities in BANKNIFTY rather than NIFTY which is comparatively stronger. We can expect a strong correction or profit booking in index in coming trading sessions so...

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As we can see despite the break of neckline, BANKNIFTY managed to recover completely which shows the strength of BANKNIFTY. Now as long as BANKNIFTY maintains itself below the structure, every rise can be sold but if last high is broken then we may see another strong upmove in BANKNIFTY so plan your trades accordingly.

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As we can see BANKNIFTY has finally breached the trendline and managed to close below. In bigger time frame, we can see BANKNIFTY forming more like a head and shoulders pattern trading currently at the neckline. Any closing below the neckline could give unidirectional fall so plan your trades accordingly.

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As we can see BANKNIFTY has fallen more than 1000 points from its ATH and can also be seen forming head and shoulders pattern followed by trendline support. We’ve decided that as long as BANKNIFTY is inside the structure, we can expect it to be sideways to negative and hence we can expect BANKNIFTY to continue its sluggishness and break of structure could lead to...