bankniftyanalysis

CodeViser

Good Morning Sir's Hope you Guys all Did well yesterday and made good money in yesterday Trading session . The Question is it will be continue Today? Technical View ======================= Resistance : Intraday Resistance is on 18400 and it can be test with a gap up Opening. Key Resistance is on 21600-22000 Support : Intraday support is on 17500 and Index has...

CodeViser

Good Morning sir's Banking Sectors is still weak and has a major role for current downfall. Government has announced simulation package but market has rejected it Badly. Technical View ================== Bank Nifty has made a Head and shoulder pattern in 2 hour time frame and neck line of this H&S pattern is on 18500 but I had seen one more support lower then...

CodeViser

Good Morning Everyone, Banking sector is weak and has a major role for current downfall. Main question is is downfall will be continue today on the expiry day? Let see Technical View ============== Bank Nifty has made a head and shoulder pattern in hourly time frame. Index look weak on this level and can be fallen knife on breakdown . Level is 18,725. Index...

CodeViser

Good Morning Everyone, Banking sector is weak and has a major role for current downfall. Main question is is downfall will be continue today on the expiry day? Let see Technical View ============== Bank Nifty Major Resistance is on 20250-20300 and support is on 19000-19100. Trade Setup =================== A - Long Position is risky and can build only and...

CodeViser

Good Morning Everyone, Bank nifty is much stronger then nifty because the rally of HDFC bank. it will be continue today? Well we are tech analyst and we trade on confirmations. Yesterday we have made a handsome profit in Intraday. Resistance, support and technical view ======================================== Nifty Major Resistance area is 22060 and it's come...

CodeViser

Good Morning Everyone, Bank Nifty has given a clear move then Nifty in Yesterday Trading session because of A sharp rally in banking and financial stocks but Question is it continue today ? Resistance, support and technical view ======================================== Bank Nifty i resistance is on 21500 and support is on 19500 also a Harmonic pattern in hourly...

CodeViser Updated 

Hello all , Bank Nifty is also bullish in Intraday but a gap down is accepted today . so consider buying from the bottom level is 18600-18700. In case market give an upside move in starting then go buy above the yesterday high which is 19200

CodeViser

Good Morning Everyone, #BankNifty #Intraday Range is 19623 to 18731 . Writers can be write 18700 PE and 19700 CE 1 April Expiry today . There is 90% chances That both of will be zero and has a good chance to make the awesome profit today. #Futures Traders wait for these levels to break to build your Position in Intraday or wait first 30 minute and setup your...

mohamedmuzamil008

Hello Fellow Traders, I have created a trading strategy on BankNifty based on Market Internals - Advance/Decline Volume and TICK These Market Internals, also known as Breadth Tools helps in identifying the overall market sentiment. Just doing some technical analysis on Price action doesn't provide good results. Price action along with Volume gives a meaningful...

DhirajSinghBais Updated 

Watch out for upper levels.......going short on break of mentioned level will be a good idea.....respect risk

CodeViser

hi, First happy to all of you... We had seen a massive blood bath from couple of weeks and main question is when it will gonna to stop and where is the bottom of index, Well Index is currently trading on Harmonic PRZ. Did take a bounce from here in last trading session but remember harmonic predict only swings . Harmonic prz not a signal for trend change. we will...

Akme-Analytics

The trend remains negative for today. So, you can adopt a short strategy in any kind of pullback near its resistance levels.

Akme-Analytics Updated 

If BankNifty breaks the trendline with a strong selling volume, then you may witness 30500 levels. However, it may touch 31150 if it gives a breakout above 30930. Moreover, I also found that there is a bearish divergence in 5 and 15-minute charts which may be valid for the first 30 minutes of trading. Being an expiry day, Open Interest also suggests that expiry...

CodeViser

Bank nifty is on channel resistance . There is only sell position can be consider in Intraday . 1st Sell position if Index trade lower then 31190 if you seen any upmove in first session then sell from 31400-31450

CodeViser

This is the second time that banknifty test Harmonic PRZ level and give dot reversal. 31500 is the #Resistance area. Build long above it and short position can consider lower then 31200.

CodeViser

Hello all, Bank Nifty has made a narrow range in last 6 hours of yesterday #trading session same as #nifty does . Long : 31150 Stop loss : 30950 Target : Open Open short lower then 30940 Stop loss : 31150 Target : Open

AlfonsoMoreno

Bank Nifty Indian Index bullish bias with new weekly demand imbalances. Bank Nifty Indian index has a clear long term long bias, bearish corrections must exist if we want to plan a trade using imbalance. The Indian stock market and its indexes does not move in straight lines and so do the other world indexes, the Indian Bank Nifty and Nifty 50 indexes are not an...

vinaysraj Updated 

This rising wedge of NSE:BANKNIFTY in LOG scale starts from 2008 and is active even today on October of 2019. The scale of this chart pattern is now more than 10 years which is massive in terms of time and this can only increase the significance of the chart pattern. As you can see from the chart the bottom support line has never been broken on a closing...