BANKNIFTY the zones marked worked like magic, key reference remains the areas of 20800-50F if we hold below we are looking for the test of marked downside levels
Banknifty has reached a potential destination for this upmove. The range of 20200-19850 is pretty much the near term reference to watch out , once we break outside this range we have a potential move to 20800F on the upside and 19200F on the downside. Now potential strategies to trade that move: 1. For the simpler on look to trade scalping pullbacks in this range...
BANKNIFTY bounced from good support Mon 30th, Dec 2019. View - Go long TGT - Booking level 32600 - 32610 / more up possible SL - Below 32230
Here is my idea Intraday setup for Bank nifty Index for 11th October 2019
This is my first attempt to publish the live market idea into the Public. Consider watching the video
Banknifty has given good rejection and formed inside candles. Would wait for Outside breakout and Sell for Targets mentioned on the charts. Rejection coincides with Harmonic Move. Hidden Bearish Divergence seen from the structure break Point till Recent Swing High of Rejection. Lets see how it moves. Cheers!!!!
#BNF: Last week scenario II was to trade breakout above 27150 zone to test 27500 range, it went there and higher than that as well, testing yearly highs and beyond it. Now here are the potential trade scenarios to trade the coming week: Prices manage to respect 27570 zones and we continue to move higher to test 27900 levels- which is a retracement of last weeks...
banknifty support band remains now at 26840-26890 zones, trading above that a pullback opportunity remains open. the challenges to this are: 1. Too sharp a trendline that will become difficult to defend for momentum play 2. Trading below the previous highs of 27060. it remains in no man land.
BNF: Last week , Played out all 3 scenarios that we laid out, a test near 26150, consolidation and 26300 levels and a upward test for 26800 levels. BNF continues to trade within the trading range formed on the 1st week of June. Testing the 78.2 % retracement, from there an upward push up to 27000, 27350 zones is a possibility. On the downside 26480-580 will...
Long time since I posted something, Folks who had seen the past analysis would recall that we had marked 25600 as the support zones, banknifty turned around from there. On the upside 26450-26500 remain as the big hurdle.This is with the hypothesis that markets have had made top for the year and will continue to form lower highs. Hence if we see retracement zones ,...
BANKNIFTY has managed to trade within a small range for the past few sessions. Levels of 25220-25300 will hold resistance, will look for a downward rotation to test near 26K levels or a clear break above the resistance zone. Volumeprofile charts @ twitter.com
#bnf #banknifty testing crucial support zones of 24920-940.a break below can lead to a test of 24700-720, previous #volumeprofile levels #MarketProfile #nf future volumeprofile chart at : twitter.com
#BNF #banknifty pulled bk from the weekly vpoc and just made a peak below an high volume zone. potentially on its way to test the 25150 zones, which is also 50% retracement of the swing. After thursday's crash we did lay down that the fall stopped just short of our swing support zone of 24100 and in case that is respected we could be on our way back to test the...
Banknifty for quite sometime we had discussed the importance of the 24100 zones. Yesterday markets tested the levels above that zone and managed to pull back to close near day's highs. This again re confirms that 24100-150 will be the immediate trend decider for long side trades. Trading above that can BNF can go upto 25750 levels . where we have signficant...
I have been writing about a mid term rotation upwards if 24100 levels were defended. Friends will recall thats why we had also closed the short @ 25000 near 24300 zones. Now that scenario has failed and we have to look for a downward move. Another level to watch out was 23875 levels. now on friday we tested that level and failed to breach it on the upside. This...