knstocks

knstocks

Hello Traders, Today BANKNIFTY opened with a GAP down and closed near the opening. This rally may continue tomorrow after some cooling period, So we should only enter when the Sellers take control. Today's Low will be a greater support zone for tomorrow when BANKNIFTY breaks the previous day low we can go short. As market was BEARISH we should go LONG only...

knstocks

Hello Traders, BANKNIFTY was in a TIGHT CONSOLIDATION for nearly 6 trading days within 600 points. It was consolidating between 37235 --- 38000. When market was in a consolidation state, it gives a strong move when the BREAKOUT occurs. ( on either direction ) 1) GO LONG when BANKNIFTY Break and retest above 38000. TARGET ----> 38600. 2) GO SHORT when...

knstocks

Hello traders, Today BANKNIFTY was in a SIDEWAYS market. It get stuck between 35400-38000. This zone is NO TRADING ZONE. The buyers and sellers are equally powerful. IMPORTANT LEVELS -----> 36615 --- 37235 --- 38000 --- 38800 1) GO LONG when BANKNIFTY break above 38000 level TARGET -----> 38800 2) GO SHORT when BANKNIFTY break down 37235 level TARGET...

knstocks

Hello Traders, Today BANKNIFTY was in a very tight range - CONSOLIDATION. Whenever there is a tight consolidation the breakout will give a strong price movements in the direction of the breakout. IMPORTANT LEVELS -----> 36615 --- 37235 --- 37720 --- 38800 1) GO LONG - if BANKNIFTY gave a breakout in the upper direction. TARGET ---> 38800 2) GO SHORT - if...

knstocks

Hello Traders, Today BANKNIFTY faced resistance at the previous day high and it was bearish. It formed a RECTANGLE pattern when there occurs a CONSOLIDATION. When the BANKNIFTY breaks the Day's High we can expect a BULL Run. When it breaks the important SUPPORT level -- 377020 we can expect the GAP fill to happen. 1) GO LONG when BANKNIFTY breaks above 38800...

knstocks

Hello Traders, As we said yesterday BANKNIFTY was very BULLISH Today it opened with a GAPUP and Price never came back. The gap can act as a great SUPPORT and when its broken the GAP FILL may also occur. So watch the GAP area carefully . IMPORTANT LEVELS ---- 36615 -- 37235 -- 37720 -- 39350 1) GO LONG if BANKNIFTY showed a BULLISH price action or above...

knstocks

Hello Traders, Last week was a very BULLISH week for the BANKNIFTY. A very important RESISTANCE level 36615 was breaked and price was closed above that level. The bullish momentum may also continue this week. BANKNIFTY is considered BEARISH only when the price BREAKDOWN then 36120 level face resistance. 1) Go LONG - when BANKNIFTY break above 37235...

knstocks

Hello Traders, As we discussed yesterday BANKNIFTY was very BULLISH today. It took support at the 35000 level. Today BANKNIFTY closed at the NO TRADING ZONE IMPORTANT LEVELS -----> 35000 --- 35375 --- 35600 --- 35800 --- 36120 --- 36615. Each level act as SUPPORT & RESISTANCE 1) If BANKNIFTY BREAK above and RETEST the 35800 level GO LONG. TARGET ---> 36120...

knstocks

Hello Traders, Previous week was in a DOWNTREND because of the STRONG RESISTANCE AT 36615 level. But on Friday price exactly formed a DOUBLE BOTTOM reversal pattern at the SUPPORT ZONE which is a BULLISH sign. IMPORTANT LEVELS -----> 35000 --- 35375 --- 35600 --- 35800 --- 36120 1) If BANKNIFTY came down and took support at 35375 level otherwise if it break...

knstocks

Hello Traders, Today BANKNIFTY was closed near its WEEK LOW --- 35375. The 35375 level was very Strong SUPPORT in the higher timeframe and also on Tuesday PRICE formed a DOUBLE BOTTOM pattern and REVERSED which gave a 1000 points move. Also it can act as a STRONG RESISTANCE when it gets BREAKEDOWN & RETEST. IMPORTANT LEVELS ---- 35000 --- 35600 --- 35800 ---...

knstocks

Hello Traders, Previous 2 weeks BANKNIFTY was very BULLISH. It was just a Healthy Retracement happened today. This week will be Considered BEARISH only when BANKNIFTY closes below and face resistance at the 35375 level. IMPORTANT LEVELS -----> 34400 --- 35000 --- 35600 --- 35800 --- 36615. Every important levels act as SUPPORT & RESISTANCE levels when BREAKUP...

knstocks

Hello traders, After two trading sessions this week BANKNIFTY was closed above the previous day's HIGH. This may indicate some BULLISHNESS in the market. But 36615 is very STRONG RESISTANCE. IMPORTANT LEVELS ---- > 36120 --- 35800 --- 35600 --- 35375 1) If BANKNIFTY break above the 36615 level GO LONG TARGET ----> 37235 2) If BANKNIFTY BREAKDOWN 36120 level...

knstocks

Hello traders, The market was closed at 17/03/2022 and after a long weekend market is going to open on Monday. For the last three days all the news and events will affect the markets opening based on the SENTIMENTS of the investors. ***** AFTER 15 trading sessions BANKNIFTY has came to its very STRONG resistance level. ***** BANKNIFTY dipped nearly 4500 points...

knstocks

Hello Traders, Today BANKNIFTY gave a GAP UP opening above the previous week high. But it can't BREAK the 35800 level, As the PRICE CONSOLIDATES near that zone for the whole day making it a very strong zone. ***** NOTE : Whenever PRICE consolidates and give a BREAKOUT it gives Strong movement towards the breakout side. ***** So, tomorrow we will ENTRY only...

knstocks

Hello Traders, As we expected BANKNIFTY can't sustain above PREVIOUS WEEK HIGH - 35375. And most importantly ----- 35000 level was broken and PRICE closed below that level. In NIFTY also ----- 16800 level was broken and PRICE closed below that level. So may be this is a sign of BEARISHNESS. ...

knstocks

Hello Traders, TODAY BANKNIFTY broken the 35000 level and NIFTY also broken the 16800 level ---- > Both are very important levels. Today BANKNIFTY broken the PREVIOUS WEEK HIGH but faced RESISTANCE a little bit and market closed below it with a BULLISH PINBAR candlestick pattern. **** This indicates a strong Buying pressure in the market. **** 1) If BANKNIFTY...

knstocks

Hello traders, Previous week BANKNIFTY was very BULLISH even though it faced some RESISTANCE. It literally surged from 33200 to 34500. * It is a 1500 POINTS UPMOVE. IMPORTANT LEVELS ----> 33300 ---- 34000 ---- 35000 ---- 35600. 1) Last friday BANKNIFTY was in tight consolidation so a BREAKOUT OR BREAKDOWN may give a strong move. 2) If BANKNIFTY...

knstocks

Hello traders, Today BANKNIFTY opened with a GAP UP. But faced RESISTANCE at the Day's HIGH and then gap fill was occurred. The GAP FILL may continue tomorrow. IMPORTANT INTRADAY LEVELS ---> 34000 -- 35000 -- 35600. The levels are valid only if the the market open between 34000 - 35600. 1) If BANKNIFTY face resistance again at 35000 LEVEL...