Hi Traders/Investors, NSE:BANKNIFTY is looking weak as this point, waiting for the news on US GDP data. NIFTY took support from the Trendline in the morning and also closed exactly at the same Upward trendline. On DOWNSIDE, There is a Buy zone which would act as support but looks weak as of now between 33165 - 33300 levels. On UPSIDE, resistance at 33870...
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...
NSE:BANKNIFTY seems to be in a range and there is lot of resistance on the UPSIDE from Sell Zone b/w 33450 - 33600 levels. If BNF manages to cross this with good volumes on BNF Futures contract then, next resistance can be seen at 33800 levels. On Downside, Upward trendline would act as good Support, if it breaks with volumes then next Downside target would be...
NIFTY can continue upward trajectory as its following the Upward Trendline and may face resistance from whole Sell Zone, specially at 15887 level and if it crosses this then it would be a sharp rise to 16172 for Gap filling On Downside, today's low would act as support 15367, if it falls next support is at 15150.
NSE:BANKNIFTY has given a good bounce this morning but in second half the selling pulled the BANKNIFTY down n it lost almost half of the Upside. Fresh buying in BNF can come only after 33800 resistance is broken with good volumes in Futures. Watch out for it. Any fall below 32800 level can bring further downfall in BNF and it can retest 32400 levels again which...
NSE:BANKNIFTY Is taking Support from a Trendline as well as Buy Zone. Until this BUY Zone is not broken on higher volumes on downside in BNF Futures, Its a Buy on dips kind of period. NSE:HDFCBANK has given a good support to NSE:BANKNIFTY and looks really strong on charts. If HDFC BANK continues to support BNF, then we might see levels of 33800 in quick time.
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...
BNF can bounce back intraday from 34450 if not broken decisively with good volumes on downside. BNF can easily take support from 34450 to move upwards towards 34650 for retest.
NSE:BANKNIFTY BANKNIFTY gave a strong move today on UPSIDE was unable to break the parallel downward channel its being trading from start of this month. Initiating Fresh LONGs on BNF soon as we see BANKNIFTY breaking this Downward channel with good volume on Upside, until it breaks it I predict that it would go down n retest 34800 on Downside once again.
NSE:BANKNIFTY had a huge movement today on both sides, but managed to stay within a close range which we discussed in my last post. Now, NSE:BANKNIFTY - needs to give a decisive move either below 34650 for BIG BEARS to come in action. Chances of UPSIDE are less, as it seems like Sell at every Upmove, if it comes then BNF has to break 35450 levels with good...
It's only my view Sell to Buy analysis. based on ICT concept. Let see how it rolls.
Hello Guys! This idea is for all who wants to get a position in the markets esp in banknifty and doesnt knows what to do. Here is a plan. If a price falls 7 days and gets a big candle which is often related as tweezers or marubozu and this pattern in days chart cant be said as bullish harami, In this usual scenario i have tried to show by brush what can happen, I...
What wilhappen to BNF. ? View of candle pattern and Upcoming Budget week bull Run will continue inaddition with Upcoming Quarter results.
Good zone to start considering shorts around the CMP (1) Channel Resistance (2) Bearish BAT Harmonic and Bearish DEEP CRAB harmonic Patterns (3) Price action supply zone RSI is showing divergence in 1 HR.
Looking for sells in bank nifty , price is now inside H4 bearish OB and also rejecting from 78.6 level, i expect price to reverse from this level..look for LTF BOS before taking entry
nifty50 Parallel channel, next biggest support at 16000 only. some small stoppages: 1st stop is 16700 tomorrow. then 16400, then 16000. Its a bearish sentiment and BEARS dont take much time. For intraday trader's first booking zone is 16700. For Positional trader, keep adding more once we start trading below 16700 then add more below 16400, trail till...
there is so much in chart. if market not break this low then creat a w or double bottom then go price up indicate with box. then fall aggresively. and another sinario is if market break current low then its go lower box indicate with major price then move up side waht for the market shift