buy bank nifty 35460 stop 35250 target 36100
Theres no denying to the level of sell off and thus looking forward to these resistance levels.
Banknifty had support at 23800 at spot prices. Which was maintained in the fall on Monday - October 26. Even when Nifty broke below the support of 11780750, Banknifty rebounded from its support. Today also the support was maintained and the rebound was strong. It's now entering in the bullish zone. And near term target is 25000-25200
#banknifty Last 70 trading hours have moved 3499 points. FII:- Sell 39.39 Cr& DII 126.61 Cr buy today on 9th Oct'2020. The India VIX (volatility index) Up by 11% this week. Technically, all indicators, PA across all time frame is in plus, which is a sign of caution. The last 2 days I have been posting short, didn't work never did the short got triggered as all...
There is positive divergence in BankNifty Spot on 30 min chart. With the consolidation happening above 22000 spot prices, it is an easy long with stop loss just below 21800 in spot prices. Target - 23200+
India Bank Nifty next target 22750 as it showing double bottom pattern. Long Bank Nifty stop loss 20950 Target 22750 . Other fibonacci targets are as follow as 23700 24700 25400 and 26400
those charts doesn't works. in market simple things works best. it's very easy to draw some line and try to predict the future but it's useless. experience traders knows.
Bank Nifty closed in its demand zone @ 19650-1985. On the upside, there is a resistance 20260-20337 and a major supply zone @ 21100. On the downside, there is a demand zone @ 19100-19250 The upside target in case 19650 is not violated is 20800-21100 SL 19450. The downside target in case 19650 is violated T is 19200/19000/18700/18500 SL 19850. You can follow...
21-Feb-2018: BANKNIFTY Yesterday markets failed to pullback and test 25250, we discussed that until that is tested, markets are likely to test 25000 and that did happen. I didnt expect 24850 to test that easily but that happened as well. Now based on that there are 2 scenarios, markets pullback inside 24890 zones and likely test 24950-980 again. or a secondary...
Trend Correction is Getting Over, IT has started to look weak, TCS is at Upper Trend Line and at Major Resistance, Volumes are lower op Trending Up, Target Can be of Around 2000, 1700 with short from around 2400.