Hi Traders/Investors,
If you see two major big weightage components of BANK NIFTY i.e. NSE:HDFCBANK & NSE:ICICIBANK both have immediate resistance on UPSIDE. So, I feel these stocks can fall before moving upwards and hence BANKNIFTY might fall as well.
On other side, if it moves significantly on UPSIDE, then gap between 33774 to 34346 can be filled. But this...
Hello Traders
As per my view bank nifty weekly analysis will be gap down.We can find major resistance at 33756 and major support at 32250.Bank nifty will trend in sideways.
EDUCATIONAL PURPOSE ONLY.
NSE:BANKNIFTY seems to be in a range and there is lot of resistance on the UPSIDE from Sell Zone b/w 33450 - 33600 levels. If BNF manages to cross this with good volumes on BNF Futures contract then, next resistance can be seen at 33800 levels.
On Downside, Upward trendline would act as good Support, if it breaks with volumes then next Downside target would be...
ALL is already explained on charts.
the rest we will see tomorrow morning about any good or bad news. overall market sentiments are bearish and no any other positive news yet. thats y we will keep our bias neutral. caz we are at very major levels. we have to keep our RRR. the rest is history.
NSE:BANKNIFTY has given a good bounce this morning but in second half the selling pulled the BANKNIFTY down n it lost almost half of the Upside.
Fresh buying in BNF can come only after 33800 resistance is broken with good volumes in Futures. Watch out for it.
Any fall below 32800 level can bring further downfall in BNF and it can retest 32400 levels again which...
well we will see USA markets what they gonna do tonight and any news which can cause market tomorrow. I will keep my bias neutral and will take trade on broken of any of the among horizontal line.
The index is trading within 600 points range.
The current trading range is no trading zone as direction is not clear.
Wait for one 15 min candle to break this range and close out of this range either side.
After breakout 500 points move expected.
NSE:BANKNIFTY Is taking Support from a Trendline as well as Buy Zone.
Until this BUY Zone is not broken on higher volumes on downside in BNF Futures, Its a Buy on dips kind of period.
NSE:HDFCBANK has given a good support to NSE:BANKNIFTY and looks really strong on charts.
If HDFC BANK continues to support BNF, then we might see levels of 33800 in quick time.
NSE:BANKNIFTY BANKNIFTY is looking weak like all the indices across the board.
But there is a good Buyzone which can act as support between 32420 - 31870 levels.
On Upside 33800 is a strong resistance, which seems tough to be broken for now.
On 15 min time frame double bottom pattern is visible and breaking above 33620 will activate this breakout.
On the flip side below 33000 will reject the setup and we will head towards 1000 points correction.
as we can see we are trading on almost same range from 2 days. now this range bound market open chances for having a big breakout or breakdown. I will keep my bias downwards until I get a strong positive sentiment about the market. I will again not be interested in taking any long trades for tomorrow . lets just patiently wait and watch what market gonna do this week.
