BANK NIFTY - Key levels for 09.12.24 1. Bank Nifty is at its power supply zone 2. As we are at the Selling zone, Longs should be very careful. 3. Also, we might hit ATH if this supply zone is not respected. 4. R1 and S1 are marked in the image. It would be better to be cautious from from LONGS. Thank you. Regards Bull Man
Bank Nifty - Hourly chart - 05.12.24 1. Bank Nifty is nearing its key supply zone 2. This supply zone has to sustain for making new lifetime high 3. If not, we might be heading towards swing low 4. Coming Friday is RBI policy announcement. So, we have to wait and see how technical analysis works from here. Thank you. Regards Bull Man
Intraday Resistance @ 52550-52600 Intraday Support @ 51250-200
Nifty Intraday levels for 29.11.24 Mark the levels in your chart and get prepared for tomorrow These buying and selling levels has good accuracy. NIFTY R1 24240-24260 R2 24100-24125 S1 23900-23870 S2 23785-23825
Bank Nifty - Intraday Levels for 29.11.24 Mark the below mentioned levels in your chart and get prepared for tomorrow index trading. These buying and selling levels has good accuracy. BANK NIFTY R1 52180 - 52200 R2 52580 - 52600 S1 51760 - 52800 S2 51300 - 51350
NIFTY - Intraday Levels for 27.11.24 1. Nifty is in the process of retesting the Trendline resistance breakout zone. Hence, mark the key levels of retracement + gap filling for Intraday trading in Index. 2. Gap zone, retracement level and Selling zones are mentioned in the chart.
As per the chart, there are possibilities for 300-400 points upside movement in coming days but it looks like only a technical retracement for the breakdown which happened on 13.11.24
As we are nearing strong weekly support zones near 23340 / 23100, downside movement might be paused and we might see some sort of technical pullback in the market until and otherwise 23100 is not broken on a daily closing basis. Resistance Zone 23840 - 890 Support Zone 23340 / 23100
1. Immediate resistance stands at 23670 & 23820 2. Relief rally (Technical pull back) can come only if 24165 is broken out comfortably 3. 24th June low 24350 might be the strong/temporary support.
Bank Nifty - Intraday Levels for 13.11.24 1. Bank Nifty hourly chart has reached its strong Fibonacci support level 2. 50800-600 could be the strong reversal zone 3. Overall market is trading within 52500-50400 zone for almost 2 months. Hence, its better to do Scalping kind of trades until this range gets broken. 4. Strick SL is a must as High volatility continues.
BankNifty - Intraday Levels - 12.11.24 1. Bank Nifty is might test 51400-250 2. 52100-52300 could be strong resistance zone Its always better to wait for the levels to come and trade accordingly.
Nifty - Intraday Levels for 12.11.24 1. Fresh short is not advisable as NIFTY is near its key reversal zone 2. The main problem is every day, NIFTY is giving its push towards upside, but again and again Sell off is getting increased in the 2nd half. 3. Our view is, till 24700 it would be a SELL ON RISE market.
* Bank Nifty's strong support zone near 51200-51050 * Not safe to add Fresh short at this level * If the above mentioned levels are respected, then we might see a strong pull back
* Nifty is at Strong support/Demand zone * Not advisable to add Fresh Shorts at this level * Fibonacci levels should be respected here
Silver is at its Strong Trendline support - Whats next ? 1. Higher High and Higher Low in Day time frame gives an hint that it might reverse from here towards 97800-98000 2. If this trendline support gets weaker due to current dollar spike, SL should be below 88000
NIFTY is nearing its key Demand Zone around 24150-200 levels View is negated if closed below 23850 on hourly closing basis
Ahead of US Elections, on Friday *NASDAQ100* has formed a GRAVEYARD DOJI Candlestick (Daily Time Frame) pattern which indicates selling pressure near its ATH.
SWNG TRADE 1. SILVER is good to enter at retest zone 90880-90700 2. Target of 93700 to 94000 3. SL below 89700 4. RRR is 1:2