NSE:BANKNIFTY Analysis/Prediction for Expiry 09-06-2022 (Thursday) If Price opens in opening range 🟢 Buy CE, If price closes above 35100 👉 Target should be 35350 🔴 Buy PE, If price closes Below 34800 👉 Target should be 34625 Note: Wait for the 5-minute candle to close for confirmation. If market opens with big gap, always wait for price action.
NSE:BANKNIFTY had a huge movement today on both sides, but managed to stay within a close range which we discussed in my last post. Now, NSE:BANKNIFTY - needs to give a decisive move either below 34650 for BIG BEARS to come in action. Chances of UPSIDE are less, as it seems like Sell at every Upmove, if it comes then BNF has to break 35450 levels with good...
BANKNIFTY is showing weak signals and may go down to 34800 levels. Due to heavy intraday selling pressure from FIIs specially in Banking/Financial sectors, is pulling Nifty Bank. BANKNIFTY has to break above 35450 levels decisively with Big Green candle w/t heavy volumes to scare the Bears. If BANKNIFTY is unable to hold 35175 levels, then it can fall drastically...
THis is daily chart of banknifty. Fresh breakout only above 36120 As long as trading below 36000 it will be sideways to down.
Banknifty buy above 35772, Target 35850, 35985, 36030(****reversal zone),36200 SL-35700 you can buy 35700 call current expiry with 36300 call sell Index level:- Bank nifty today may open gap up near 35850 and may create breakout pattern. It may move up towards 35930 and may test 36000 in upward. Expect minor profit booking near 36000 and sustaining over 36000...
as we see a rangebound day yesterday on bank nifty. maybe there are chances of a trending day today. based on us stock market and temporary market sentiments i will be looking for long opportunities in bank nifty today.
A perfect bullish cypher is going to hit it's second target where an bearish bat is waiting there to reverse the market, perfect turns could be anticipated with these ratios. Elliott wave measures the end of 'B' wave & the beginning of 'C' wave - Bears are on the way.
Banknifty is trading in 1000 points range Breaking out of this range will activate 1000 points target.
NSE:BANKNIFTY Analysis/Prediction for tomorrow 01-06-2022 For flat/Gap-Up Opening 🟢 Buy CE, If price closes above 35700 👉 Target should be 36000 🔴 Buy PE, if price closes Below 35280 👉 Target should be 34800 For Gap-Down Opening 🟢 Avoid CE 🔴 Buy PE, Near 35300 👉 Target should be 34800 Note: wait for the 5-minute candle to close for confirmation.
as we discussed yesterday banknifty did the same today. this is the power of price action. the market was volatile actually today due to India's GDP news today w. but we manage to trade according our plan. just remember one thing traders. EVERY TRADING DAY IS NOT ACTUALLY A TRADING DAY.
Banknifty analysis support and resistance levels for intraday. Please trade on your own risk. This view is only for educational purpose.
Banknifty need to sustain above 200 dma for further up move. Closing above 36150 will activate is 200 dma breakout and we can see 37000 level near future.
sorry for this late post because I was on. vacation. a much-needed rest and some time to digest the money we earn from the markets. but I am back now. now I will update u guys with all the price action on nifty50 & bank nifty. what u think about this price action do let me know in the comments ya. Thankyou Traders.
Bank nifty opened gap up but couldn't hold the level of 36000. Bank nifty was weak as conpare to nifty and closed below its 200 DMA. On 15 minute analysis, it closed below 20 ema. Support :- 35800, 35660, 35400 Resistance :- 36000, 36230 Nifty and banknifty both traded in opposite directions. Wait and watch the price action near the levels before trading the market.
BANKNIFTY Daily/Weekly timeframe analysis shows firstly that BANKNIFTY is following this Disjoint Channel from quite sometime this year. Also, shows that on higher side it needs to break above 36050 levels with force n volume with big single day candle to scare the bears and run for cover. This upmove can trigger a short covering rally and cause upward further...
Banknifty is trading near 200 dma. Closing above 200 will accelerate up move and we can see 37300 to 37700 level near future.
Based on this chart on weekly time frame banknifty can reach up to 37373 which is channel resistance. On this flip side closing below 33000 will accelerate panic selling.
Short banknifty near 35900, for 300 points target towards downside. Sl will be 36020.