Banknifty is in consolidation near all time high breaking above 42650 will give breakout for 43000 Important support is placed at 42350 followed by 42060
Today bn closed near all time high, breaking above 43500 will generate a fresh up move. Strong support is placed at 41900 Breaking these levels either side will create strong momentum Mark these levels in your chart.
I have mentioned all the breakout level for intraday A healthy retracement will make this bull run more strong Short tern negative Long tern positive
How to trade banknifty tomorrow I have mentioned all the important support and resistance on 15 min chart for intraday. Go through the video and get proper entry, exit and target level.
I have mentioned all the important support in 15 min chart 18200 to 250 is support zone we can see a bounce from that level
In the video i have mentioned how to trade #nifty near all time high. If you have any doubt you can ask me in comments
#NIFTY50 The index is trading above 18100 and continues making higher high higher low formation. A healthy retracement near 18000 will accelerate this rally further. Breaking and closing below 17900 can trigger selling button. Breaking above 18200, target 18600. Closing below 18000, target 17900 followed by 17800.
The index is underperforming as compared to nifty. Strong swing high resistance zone is place near 41600 - 41800 Breaking above 41800 will trigger strong buying and next target will be 44000 On the flip side breaking below 40800 will trigger selling and we may see correction.
The index is closing above 18000. 18100 is previous swing high resistance and breaking above 18100 will trigger strong buying and long tern potential target will be 18600. We need to let nifty sustain or close above 18100 for confirmation. On the flip side breaking below 17900 will trigger selling and we can see 300 to 400 points correction.
After gap down opening the index made a bullish hammer Then while going up the index made a inside bar Then near resistance there was a Bearish pin That's how candlesticks works
In this video I have done banknifty analysis for Monday 10-10-2022 The important support is placed at 38000 Important resistance is placed at 38600 If market sustain below 38000 we may see more down levels and then 38000 will start acting as resistance.
Dear friends I have done analysis for baknifty expiry Watch the video and follow the levels for trade setup Thanks
Banknifty analysis video for tomorrow In this video I have done banknifty analysis for tomorrow.
In the video I have done weekly analysis based on last closing.
I have mentioned all the important levels in the video Watch till last for better understanding.
Buy above 38450 Target 38650, 38820 Sell below 38170 Target 38000 Panic down move below 37950 Target 37777 After gapup opening sustaining above 38500 will make further up move Use gap down as a buying opportunity.
The index is trading in a raising wedge pattern This is a bearish pattern and chances of breaking downside are much higher. Important support for expiry is placed at 38000 While on the flip side 38500 is a strong resistance.
Banknifty is strong as compared to nifty and the immediate resistance is placed at 35450 Breaking above the resistance will activate next target of 36000