tmvinoth3

tmvinoth3

Hello All, I’ve marked the range where banknifty was trading on Friday and Monday. Range is 32490 - 32800. We’ve seen a beautiful range breakout yesterday which went really well and gained over 800 points but at the end 300~ points fallen and closed market with +500 points. Today small gap down and continuous bearish momentum for first 15 minutes took the...

tmvinoth3

I’ve marked the dates where 200 EMA support taken in previous years 2009, 2012, 2016 and 2020. Now after 2 years market came close to that level 30500~. Nice triangle has been formed in weekly chart and might break. Immediate target could be 32120~. This is just my analysis and for educational purpose only. Please consult with your financial advisor before...

tmvinoth3

We’ve seen huge downside today due to global market crash. Today also Dow Jones opened with negative 500+ Points. Small observation is a triangle is forming and whenever market comes at 33190 support is taken at day level. We can see the supports taken on 16-May, 19 May bounced back to the level 34280. Just a observation. A gap down easily will go further...

tmvinoth3

Today after RBI announcement we can see clear upmove around 500+ Points. Entire upmove is just 15 minutes which is covered by later down move. Also 34800 is key support which didn’t allow beyond 34832. Given chart tried to plot a triangle and the slanting line indicates the same angle how it came down in previously weeks. You can see its following the trend line...

tmvinoth3

500 points are easily moving in Last 30 mins. We’ve seen yesterday a big down move and today it’s almost covered with up move. Expecting market to go 36000 which was touched 2 days back. A gap up can easily go to 36000. Please consult with your financial advisor before taking this.

tmvinoth3

This is just my observation. NSE:BANKNIFTY Possible up to 36000 next week. Please consult with your financial adviser before taking this.