Hi,
The Bank Nifty opened a flat +12.25 paints and closed +984.2 points with a volatile of 1425 points. Formed Big Bullish candle in the daily chart.
Illustrate the 15-minute chart, opened 37660 and went down S2 level today’s low 37386, from there took to support and continue to upward moment till 38811, then slight down to R3 level finally close 38632 above R3 level
Today’s swing was around 1600 points.
The Fib retracement levels are drawn for the Monthly chart, the support and resistance levels are as follows for the Month OCT-22 trades.
Resistance:
R3-43739.95, R2-41834 & R1-40337
Pivot:
P- 39286
Support:
S1-38235, S2-36935 & S3-34832
The Fib retracement levels are drawn for the weekly chart, the support and resistance levels are as follows for the OCT-22 first week’s trades.
Resistance:
R3-40258.95, R2-39470 & R1-38851
Pivot:
P- 38416
Support:
S1-37981, S2-37443 & S3-36573
The Fib retracement levels are drawn for the Daily chart, the support and resistance levels are as follows for tomorrow’s (03-10-22) trades.
Resistance
R3-39701, R2-39091 & R1-38612
Pivot & CPR:
P- 38276 , BC 38099, TC 38454
Support:
S1-37940, S2-37524 & S3-36851
If Bank Nifty is sustained above 38820 the bull run will take place and moves upwards further ready to retrace the level of 39100, 39700
If Bank Nifty is sustained below 38100, the bear run will continue and be ready to retrace the level of 37940,37520 &36850
So, we must be very careful to watch the above levels and do successful trade.
Disclaimer: Not SEBI registered advisers. It is my analysis of my experience. You may consult with your financial adviser for your action.
The Bank Nifty opened a flat +12.25 paints and closed +984.2 points with a volatile of 1425 points. Formed Big Bullish candle in the daily chart.
Illustrate the 15-minute chart, opened 37660 and went down S2 level today’s low 37386, from there took to support and continue to upward moment till 38811, then slight down to R3 level finally close 38632 above R3 level
Today’s swing was around 1600 points.
The Fib retracement levels are drawn for the Monthly chart, the support and resistance levels are as follows for the Month OCT-22 trades.
Resistance:
R3-43739.95, R2-41834 & R1-40337
Pivot:
P- 39286
Support:
S1-38235, S2-36935 & S3-34832
The Fib retracement levels are drawn for the weekly chart, the support and resistance levels are as follows for the OCT-22 first week’s trades.
Resistance:
R3-40258.95, R2-39470 & R1-38851
Pivot:
P- 38416
Support:
S1-37981, S2-37443 & S3-36573
The Fib retracement levels are drawn for the Daily chart, the support and resistance levels are as follows for tomorrow’s (03-10-22) trades.
Resistance
R3-39701, R2-39091 & R1-38612
Pivot & CPR:
P- 38276 , BC 38099, TC 38454
Support:
S1-37940, S2-37524 & S3-36851
If Bank Nifty is sustained above 38820 the bull run will take place and moves upwards further ready to retrace the level of 39100, 39700
If Bank Nifty is sustained below 38100, the bear run will continue and be ready to retrace the level of 37940,37520 &36850
So, we must be very careful to watch the above levels and do successful trade.
Disclaimer: Not SEBI registered advisers. It is my analysis of my experience. You may consult with your financial adviser for your action.