Banknifty has been trading sideways for the past 3 trading sessions.
At higher levels, it is facing supply pressure and at lower levels, demand is coming in.
Now for tomorrow
It can move in any direction, and there is a possibility of a trending move tomorrow, hopefully.
Support levels - 39428-39462 - opening and sustaining this level, might open a breakout...
Nifty Bank Futures Key Trading levels for 21st Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial...
The Banknifty index has given a non-stop rally after the range shift.
The Index has given an impulsive wave and we already know that every impulse has a correction.
Now the Index has a wider range.
If the index opens gap up then we will be selling from the high point of 39,750-39,800
Or
We will consider a short position below 39,390 which is also the...
Banknifty opened the gap up, saw tiny follow up, couldn't sustain at higher levels, and closed in red near its low, forming a Bearish Candle
Now the price action of today does not look good and did signal caution for the upcoming session.
1. Gap up Opening - Didn't sustain
2. Bearish Engulfing candle at channel resistance.
3. RSI at 70 levels.
4. Full Moon ...
Nifty Bank Futures trading levels for 20th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor...
Banknifty opened the gap up, saw some followup up to Butterfly prz levels, faced resistance, closed in the first hour almost where it opened.
Now, resisting the same, we could see some correction in the index in today's session and it may continue in the following trading sessions as well.
Immediate support @ 39300
Strong support around 38100- 38000
However,...
Banknifty has seen a whopping gain of about 33% since the start of this year.
And we talk about technicals, bank nifty has been trading in an upsloping channel and currently, it is approaching the upper band of the channel, which might act as a resistance in the near future, hence one should get careful now or trade light with strict stop loss as it is...
if you're bullish on INDIAN banks, then go long on banknifty
In a major uptrend, just trade the channel.
Buy Support, Sell Resistance
Buy distant futures or options, thats your call.
if want to bet on individual banks, then bet on - AXIS BANK and KOTAK BANK
KOTAK
AXIS
Nifty Bank Futures Key Trading levels for 19 OCT 21
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial...
BANKNIFTY Index has made an ALL-Time High in the previous trading session and has given a one-sided short-covering move.
The Index has a much wider range now and has been seen trading in a bullish uptrend channel which is valid since 27th July.
Now the range is 1400 points which is a wide range for the Index.
We may see a breakout of the channel on the upside...
Bank NIFTY is at indecision point and has formed a range 400-point range which can also be considered as a no trading zone.
We may not see a breakout/breakdown of this range today and see a range bound market today but if the range is broken consider buying above 38,000 and for selling consider 36,000 as a key level.
In case Index breaks the range then we’ll...
Bank Nifty Futures Entry & Targets for Today.
(This is For Education Purpose only, Don not take trades based on our views. If you take trades based on our views you are responsible for your profit and loss.)
bank Nifty- long positions were build on 5 days future data, huge calls were short in option chain, no build up on put side, people are in fear market will fall, but tomorrow will be up and down day both. as market will go down and up both side. as the data suggest. as fii and hni were buying in index futures to give jump and also buying puts to let indexes down...
Important Levels for banknifty intraday, SIDEWAYS
watch stock analysis video linked below
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