Hello everyone. Well Ban nifty Index is weak since a month ago but world economy has been suffering from corona virus threat. Yesterday downfall in Nifty and Bank nifty is come from corona virus Threat. Market is still bearish and we can see an another downfall today so we need to focus on sell side . There is 2 levels for short. 1st : Sell If Index break...
Short BankNifty if it is unable to give breakout above the green trendline and also closes below 30930 levels.
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...
Hello all, We are accepting a correction yesterday from our harmonic prz levels. It's give around 200 points correction exact from harmonic 1.13 levels but RBI policy changed the market mood and movement . as per behavior wise Bank nifty is still bullish . Consolidate on resistance area is a dangerous sign. Today Range is 31050 to 31490 . We can see an another...
Ranges are set as per previous data of BankNifty Index and Levels also were given you tube and posting here now. BUY:31050 TG:31180/31300/31370 SL:30920 SELL:30640 TG:30510/30400/30230 SL:30780
Go short in bank nifty for target as mentioned in the chart, volatility is there but good to go sell on rise.
Assuming the fast slide on bank nifty over the past couple of weeks to be the primary trend, I conclude this to be a slower retracement towards 61.8 percent of fibs, a buy from the given levels would be recommended; with an aggressive stop at the red mark
NIFTY Bank Index is comprised of the most liquid and large capitalised Indian Banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks. Nifty Bank has been rallying for weeks breaking all time highs at 28400 a few weeks ago. There is a very strong weekly demand imbalance created...
Negative divergence seen in Bank Nifty Chart - 15 Min and Hourly. If Bank Nifty sustains below 27650, we may see 27560. View negated if RSI breaks the trendline.
Explained everything on the chart.