For the last two trading session, Bank Nifty has been trading range bound. Following Technical analysis provides a better idea to how BANK NIFTY can trade on 15/04/2020 i.e. which depends on several factors like: 1. Adverse affect of the extension of the LOCKDOWN in the countries. 2. How the market across the world behaves. 3. Any financial packages announced by...
hi, First happy to all of you... We had seen a massive blood bath from couple of weeks and main question is when it will gonna to stop and where is the bottom of index, Well Index is currently trading on Harmonic PRZ. Did take a bounce from here in last trading session but remember harmonic predict only swings . Harmonic prz not a signal for trend change. we will...
The trend remains negative for today. So, you can adopt a short strategy in any kind of pullback near its resistance levels.
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...
Bank nifty is on channel resistance . There is only sell position can be consider in Intraday . 1st Sell position if Index trade lower then 31190 if you seen any upmove in first session then sell from 31400-31450
This is the second time that banknifty test Harmonic PRZ level and give dot reversal. 31500 is the #Resistance area. Build long above it and short position can consider lower then 31200.
Go short in bank nifty for target as mentioned in the chart, volatility is there but good to go sell on rise.