Banknifty closed suuuper bullish on 30th August. Which brings the following possibilities. 1. The market opens with a gapup, say 300-400 points higher. On which case, we could see some profit booking immediately and then there could be a consolidation. 2. Market opens between 39400-39550 levels, the market could build momentum and push higher to about 39900...
Inverted hammer in Bank Nifty. 15 min pattern. Risky trader can consider to short bank nifty with hammer high as stop loss.
Hi Guys Bank Nifty Trading near resistance. 39250 to 39300 is trap zone for option buyer. Short covering rally almost cover. Please don't trade in this range.
The Trend is from Weeky Supply to the Monthly Demand. We have a Source Supply in Weekly, Destination Demand in Monthly. Price has now just entered a Daily Supply which is a Trade Zone for Short position.
Hi Guys, Bank Nifty strong resistance at 38580 to 38630. If Sustain above that level then we can go for 38600 call option. If Bank nifty consolidate and move downside then we can buy 38600 put option. SL will be 70-80 points index in both cases.
We expected some gap up opening in tommorow market for Tomorrow if Banknifty not open at gap up thn buy it above 38370 our target 38455 38550 38704 Bcz today we see that market was stuck at the particular level soo if it break the level a big upside has been seen and if market open at gap up thn our buying was 38805 bcz we expect to have gapup of 500+points
Due to global data, the market might open with a gap down or move down initially. The immediate support is at 38800, but since the market has already tested it once, this level might break if the market has higher selling pressure. The next level of support is at around 38400 levels. On the higher side, i see a resistance at around 39500 levels.
Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. Global cues are clearly negative. Dow Jones has closed with sharp cut of 1000 plus points and Nasdaq with...
Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. Bank Nifty trading in very narrow range and getting ready for directional move. OI data indicating...
Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. BANK NIFTY Bank Nifty is further up by 341 points. Bank Nifty is looking good & closed above 20 EMA ,...
Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. BANK NIFTY Bank Nifty is down by -88 points. Bank Nifty closed near day’s low, below 20 EMA, VWAP levels....
Since the Market showed bullish signs yesterday. There are 2 possibilities. Red: If the market opens at the same level or a little lower, then market can hit the break out level before reaching the 39200 levels. The level 39200 is an important level since lot of short covering would happen at that level. Blue: If the market directly moves towards 39200, it might...
Since the maket opened at 38000 levels yesterday, the sellers make huge profit in 2 days(about 1500 points). They would have wanted to buy a cover causing the market to have a good recovery. Now since the market closed around 38850 levels, I think the market might take a pause today and become volatile in the range of 38800 to 39050, if the market opens at the...
Since the maket opened at 38000 levels yesterday, the sellers make huge profit in 2 days(about 1500 points). They would have wanted to buy a cover causing the market to have a good recovery. Now since the market closed around 38850 levels, I think the market might take a pause today and become volatile in the range of 38800 to 39050, if the market opens at the...
Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. BANK NIFTY Bank Nifty is up by 400 points. Bank Nifty closed above 20 EMA, VWAP level near day’s high. We...
The Market is suuuuper stretched right now, in the macro view, the global data is not good either. Considering that the market should hold the 38000 levels(most important level). If it shows signs of breaking down, then we might get to see lower levels.
After a big rally on the upside, now Banknifty is moving towards the downside, I would plan a long when Banknifty comes at my levels of (33265 - 33285) Thursday being a weekly as well as monthly expiry my target will be 30-40 points and more as per trailing, I will not trade until and unless it comes down to the level Let me know if you have any questions in...
Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the...