Overview: Banknifty gapped down significantly on negative global cues. Looking at the sentiments we might see more downfall in upcoming sessions.
The view in the market has turned negative and the sell-on-rise strategy can be used for intraday trading.
So we can expect some really good moves tomorrow depending on if we sustain below the support levels.
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Overview: Banknifty gapped up significantly and continued trading above our resistance levels after a breakout of 35520 levels. We saw a very good upside move which propelled the index to 35710 levels.
So we can expect some really good moves tomorrow depending on if we sustain above the resistance levels.
Banknifty resistance level: 35797/36009
If we open...
Overview: Banknifty gapped up above the triangle pattern tested 35265 levels but was holding onto it when later there was a profit booking seen in both the indices and it took support on lower triangle bar.
So as expected it was a volatile day with the market making wild moves and taking support at lower levels.
Again the range is the same as yesterday and...
12th July 2021 Analysis:
Overview: Banknifty trading in a tight zone as of now, new levels have been updated with the current volatility in the market.
Either it's a correction or a trend reversal. It's yet to be seen so we can have a view of not going on the long side as long as we are below 35520 levels. Once we are above then only look to buy else don't.
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Overview: Banknifty gapped down today and we saw a cracking fall below the support levels of 35575 and tested below 35240 levels.
Either it's a correction or a trend reversal. It's yet to be seen so we can have a view of shorting in the market as long as we are below 35240 levels.
Banknifty resistance level: 35405/35575
If we open flat, we can see the...
Overview: Banknifty opened above 35575 and went to hit our 1st resistance level of 35710 and after it continued to maintain that level for a long time and consolidated.
But we gave closing on the lower side due to profit booking at higher levels and NIFTY missed ATH.
The view is bullish and the trend is positive now as long as we are sustaining above 35100...
Overview: Banknifty gapped up above 35240 levels and as expected we kept moving upward and all our given targets till 35710 have been achieved.
But we gave closing on the lower side due to profit booking at higher levels and NIFTY missed ATH.
The view is bullish and the trend is positive now as long as we are sustaining above 35100 levels.
Banknifty...
Overview: Banknifty gapped up above 34893 levels and faced ad resistance around 35000 levels and after consolidating it moved up to close around our pivot level of 35240.
The view is bullish and the trend is positive now as long as we are sustaining above 35000 levels.
Banknifty resistance level: 35240/35405/35575
If we open flat, sustaining and trading...
Overview: Banknifty opened on a range of support and resistance levels of yesterday and faced support of 34730 levels and bounced to test our level of 34893, It was the same movement as the day before yesterday hence the levels are intact.
Again we have range in the market as the movements are not that great either due to illiquidity or volatility.
Banknifty...
Overview: Banknifty opened on a range of support and resistance levels of yesterday and faced a support of 34730 levels and bounced to test our level of 34893, from there market corrected and we must have got a good expiry trade on Puts.
Again we have a range in the market as the movements are not that great either due to illiquidity or volatility.
Banknifty...
Overview: Bank Nifty opened flat, took support exactly at our mentioned levels of 34893 and started to trade upside, later in 2nd half market fell sharply after testing the resistance zone and due to the European market fall BNF corrected to 34750 levels.
As below 35000 levels, we must have got a very good shorting opportunity.
Banknifty resistance level:...
The trend is positive in the Bank Nifty index, I am still bullish in the market until it touches ATH.
The trend is a friend unless it bends in the end.
Overview: Bank Nifty opened gap down and continued to slide below 35240 levels and almost testing or support of 35076 levels also later in the second half went below 35076 to around 35011.
Banknifty resistance...
The trend is positive in the Bank Nifty index, I am still bullish in the market until it touches ATH.
The trend is a friend unless it bends in the end.
Overview: Bank Nifty was totally in a range as there was FM News in the market which makes a good scenario to trade range breakout. The range was perfect as per the mentioned levels of 35405 to 35240.
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28th June 2021 Analysis:
The trend is positive in the Bank Nifty index, I am still bullish in the market until it touches ATH.
The trend is a friend unless it bends in the end.
Overview: Bank Nifty gave a good rally the previous session, touched resistance of 45405, and gave closing above 35200 levels after a profit booking at last 15 mins.
Banknifty...
