Bank Nifty Spot Coming Week 07.02.22 expected downfall up-to 37600
Dear All, The important spot levels have been marked for 04.02.2022 Also a reference point has been marked which can help understand the movement in tomorrows trade. Use the reference points and initiate your trades carefully. Your feedback is highly appreciated. Thanks & Regards,
Hello Traders, BANK-NIFTY@03/02/2022 -------------------------------------- opened as a gap down ,below PDH. Market took support at IMP and went to PDH then reversed .Finally Market was closed near S@2 Please do share your thoughts in comment section. Please hit a LIKE , it motivates me to do analysis and do share with your trading friends.
On daily time frame banknifty made a bullish engulfing type pattern. From bottom recovered 1300 points and close near 2 days high. For short term trend is bullish and we can see 38900 level near future. On the flip side closing below 36300 will activate level of 35300.
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Short term Bearish. Fresh longs only after 38800 resistance is broken. It is going to retest 35100 to move higher.
Hello Traders, BANK-NIFTY@25/01/2022 -------------------------------------- Opened as a Gap down, at our Support Zone. Market took the support at S@1 then it was broken our levels (Imp, Resistance ,R@1,R@2,PDH). Finally closed above PDH Please do share your thoughts in comment section. Please hit a LIKE , it motivates me to do analysis and do share with...
Today Banknifty made a freak high of 39255 and a low of 36410.05 before closing the day at 36870.90 This rise from the low of 36410.05 could have bought some cheer on my face But there is a problem that I can see stopping Banknifty from moving upwards - The last 2 candles on the 15 minute time frame have created a double top. A bearish signal on the close...
since today was a huge trending day. so tomorrow we will be a bit worried about the sideways market. but still, we have our important levels marked.
BankNifty seems weaker than NIFTY. Closed below 37000 giving a bearish signal. If crosses 37000 and sustains above then 37500 can be seen or else can expect another day of heavy fall in BN. Keep the levels mentioned and enter only on the extreme levels with favorable Risk Reward.
sell and hold the bank nifty sell side check the graph everything is updated in the graph sell and hold the trade
Chart has all the explanation so please do read the chart well On the day time frame we have a hammer candle stick pattern being formed so possible reversal may be seen in tomorrows session On a 15 minute time frame looks like a Bullish wedge pattern has been formed Bothe 15 minute and day time frame are suggesting a reversal on cards All the best for...
The market is giving a good retrcment already. but if the market decided to give the retrecmnt of the last two days of bearish momentum then we will get to see the Breakdown of the trendline. then the market will remain bearish. let's follow the market tomorrow?
19th January is the crucial juncture according to the fibonacci time series ! The next day being the expiry there is a probability banknifty and index will play a major role ! same happened in the previous month 16th december 2021 where another fibonnaci juncture where played role by making a 1500-2000 points move in banknifty !!
#banknifty forming Dow theory also the Retracement is remaining of earlier 10 days bullish moment. so maybe Market will retrace 37270-36785. let's how the market will go. let's follow the market.
as of covid cases right now worries of investors are on a hike again. sentiments of the market are not positive at all. all we need is to let the market form the right pattern for us to initiate the trade. till that my 60% bias will remain bearish. will be looking for short opportunities more than buying. let the market decide the rest.
What wilhappen to BNF. ? View of candle pattern and Upcoming Budget week bull Run will continue inaddition with Upcoming Quarter results.
as we saw a big bull rally in banknifty from the past 2 weeks. now I'm thinking of a retracement time. all we have to do is just for the down levels to get broken tomorrow then we will go short on it. { if not just wait for some chart pattern to be built.