Good Morning Everyone,
Banking sector is weak and has a major role for current downfall. Main question is is downfall will be continue today on the expiry day? Let see
Technical View
==============
Bank Nifty has made a head and shoulder pattern in hourly time frame. Index look weak on this level and can be fallen knife on breakdown . Level is 18,725. Index...
BankNifty Likely to reject 19950 to find support at 19470 and further down.
If BankNifty enters the channel between 19950-21950, watch for the breakout.
Side trading will be seen because of expiry.
Banknifty (Positional)- Probable fall continuation, if Hourly candle closing below the violet trendline, the most likely it might go till 16800 or even till 15300 levels (for completion of a harmonic pattern).
Entry upon confirmation only. Candle closing below trandlin and/or rejections shown once below trendline.
Disclaimer: These are just my views - kindly do...
BANK Nifty TA Update:
BANK Nifty Now 19500 Point.
This is Rtest Level after breakdown The support.
So I can expect Next down leg soon
if you short or put then you can exit first Support At 19048 Point.
and after this support breakdown then next stoppage would be 18118 point.
so now I take put at 19730 Level and waiting for Close at support level ....
This bank has been upholding it earnings and seems to be doing well despite the large economic hit globally. Its historically low and may rise. I would partially take profit as it hits the resistance lines as it may draw down as it makes a slow climb. You can either buy in now or buy in when it drops a bit lower. Either way this is not a short term investment....
BANK Nifty TA Update:
BANK Nifty Now 19700 Point.
This is Rtest Level after breakdown The support.
So I can expect Next down leg soon
if you short or put then you can exit first Support At 19048 Point.
and after this support breakdown then next stoppage would be 18118 point.
so now I take put at 19730 Level and waiting for Close at support level.
Support:...
BankNifty breached the channel at 20480 making it bearish, Immediate Support is at 19050 followed by 18700. BankNifty will have a tough time breaking a strong channel at 20350, if it breaches the rally will continue to 21200/21970.
IMO, the trade will continue sideways, making buyers/sellers trapped between 19050-19515.
Max put options at 19000
Max call options...
#banknifty
#options #trading
Thursday high was 21,966.65 unable to breach 38.2% retracement of the fall (32,613-16,116). BN has failed to show any strength as compared to nifty even after strong weekly closure.
BN Stentiment is breaish in medium term, until we close above 24,365 (50% of 32,613-16,116).
The short term pullback will end below 19,766 and will...
Good Morning Everyone,
Bank nifty is much stronger then nifty because the rally of HDFC bank. it will be continue today? Well we are tech analyst and we trade on confirmations. Yesterday we have made a handsome profit in Intraday.
Resistance, support and technical view
========================================
Nifty Major Resistance area is 22060 and it's come...
BankNifty is forming all bullish indicators, and the big W pattern confirms it to test the upper resitance at 21000 soon.
Second Stimulus and RBI will take some extreme measure to make liquidity available to deal the current situation, However going as per technical, bullish signals are strong.
Good Morning Everyone,
Bank Nifty has given a clear move then Nifty in Yesterday Trading session because of A sharp rally in banking and financial stocks but Question is it continue today ?
Resistance, support and technical view
========================================
Bank Nifty i resistance is on 21500 and support is on 19500 also a Harmonic pattern in hourly...
Hello everyone,
Bank Nifty key Resistance is on 20880 as per our harmonic Prz (potential reversal zone ) levels and support is on 19065..
Trade setup
=============
Build a long position above 20400 sl is 20000 closing basis .
Short position is lower then 19800 with same sl 20000
Good Luck and Happy Trading.
NSE:BANKNIFTY
BN H&S pattern got failed today due to the gap up.
The price is narrowing down and BN is getting ready for a decisive move.
Pivot Zone or No Trade Zone:- <20,094 - 20,048> Above is positive & below in short.
Two types of traders are possible:- The analysis is done on a 1-hour time frame and the target might take 3 to 5 days.
a) Long:- Long...
