Hi Traders, BNF might face tough resistance at current lvl of around 34375. Trade very carefully on Upside from here on until 35100 lvls, BNF might fall pretty quickly from here. On Downside, there is a good support from Demand Zone between 33900 - 33750 lvls. Regards, Anshul.
-If market opens sideways and breaks closing of previous days then sell - if market opens gapup then chances of volatile market is high, we will only buy when market crosses 40000 - if market opens gapdown then we will see futher priceaction
market collect liquidity market come the stop hunt the place and go up side
If market opens sideways and breaks previous day's close we can buy with R:R of 1:2 if market opens gapup and makes -ve candle, we can sell for gap filling(chances of profit booking could happen) if market opens gapdown, it could remain volatile
BANKNIFTY is retesting the Resistance turned into Support. Selling Pressure is visible with Monthly Candle printed in June 2022. Price of 32000-32100 is Critical Support. WHAT IF- Price Breaks Down this Support, Fall may be a probability. Price takes Support with HAMMER printed in July, Bounce may be a Probability. Notice the FIb Levels acting as Rejection...
if market opens flat and breaks upper resistance of 33600 then we will buy. if market opens gap down and breaks lower support then we will sell for gapup we will wait for further priceaction
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...
Bank Nifty Daily time frame, self explanatory chart
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.
NSE:BANKNIFTY Is in full control of BEARS, as the downfall is continuous and looks like everyone is Selling. Downward Parallel Channel strategy is working pretty solid as you can see in the graph Even the last bounce we got is DEAD CAT BOUNCE and looks like it would not hold. Next TGT on downside is easily 34180 levels and around the BUYZONE shown in graph. On...
Bank nifty opened gap down and in the last trading hour it shot up breaking, sustaining and closing above the 20 DMA. Thou, on horly time frame it has closed between the 2 moving averages. On 15 minute analysis, it has taken resisitance from its 200 ema in final minutes of session. Support :- 35000, 35800 Resistance :- 35200, 35300 Markets can remain...
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...
Fall started at key level around 35985 (Dashed yellow line). Today's closing below that level indicates possible fall. There is a strong bearish divergence in RSI with declining trend in volume. Most heavyweight constituents are in confluence as they are at their key resistance levels. Expecting the bottom to be around 32200 level. Do your own due diligence...
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...
If the current resistance level (35650) breaks then this scenario may play out which I am going to explain. It may remain sideways moving in a triangle pattern highlighted. In a triangle pattern each swing is comprised of 3 waves with a total of 5 swings before break out. You can see the previous two swings are 3 waves moves. Even if this plays out there will...
Banknifty analysis on one day chart. Now we can see clear breakout candle on one day chart. Here we can expect short term uptrend.
After a vast Gap Up, we have seen some strong buying happening and the market is moving towards the upside, how long will this continue? so what should be our trade plan for the day? The chances of delta moves is very high. Let me know if you have any questions in the comment Be active on this post to see my live positions and Trade Do Support by Liking and...