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...
NSE:BANKNIFTY For flat Opening 🟢 Buy CE, if price closes above 34410 👉 Target Should be 34700 🔴 Buy PE, if price closes below 33970 👉 Target Should be 33530 For Gap-Up Strategy (Below 34350) 🟢 Buy CE, Near 34200 👉 Target Should be 34700 🔴 Buy PE, if price closes below 33970 👉 Target Should be 33330 For Gap-Down Strategy (Below 34000) 🟢 Avoid CE 🔴 Buy...
Banknifty on a daily time frame has taken support from its zone and has formed a doji. There is a bearish moving average divergence on daily time frame. The markets have fallen and may consolidate. Support :- 34400, 34100 Resistance :- 34720, 35000 The markets has crossed its 20 ema on 15 minute time frame. Wait for the price action near the levels before...
Banknifty analysis for upcoming some days. Trade on you own risk. This view is only for educational purpose.
Banknifty has taken support on trendline. If this trend line break below and sustain there may be Banknifty call again below support. Upper side today's top is resistance but we can enter on the above trendline if break. Kindly trade on your own risk. I am not sebi registered and this analysis only educational purpose only.
Here, I have provided key levels for Banknifty . These can act as support or resistance. Disclaimer: This is for educational purpose only. Any buy or sell is not recommended. Please do paper trading before entering into market.
Today's Price Action Opened slight gap-up. Resisted at previous support turned resistance . Traded within the range of the previous candle. Support at 35530-35410 Further Resistance at 36920 - 37050. Price action still looks weak, chances are still high that we could see further sell-off to the next support levels. Recovery can come only if the price opens...
Banknifty opened a slight gap up. Tried to hold the support mentioned in the previous posts( refer to the linked post) Weakness started to creep in post 2:00 P.M and the support was broken aggressively. Now What's for tomorrow. Considering today's price action, we can see further sell-off tomorrow up till the next support levels i.e. 35540- 35400 Resistance...
Banknifty opened a gap down at the beginning of the week, it opened gap down, saw some follow-up, but took support at the levels mentioned in the previous post( refer to the linked post) Now what next, if the supports are held we might see a bounceback to 37450 to 37700 levels. If those supports are broken via gap down opening or in the first of the trading...