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.
Hi Traders,
BNF is in Bullish momentum from last couple of days 3-4 trading sessions and It might continue.
On UPSIDE it might face resistance at 34150 followed by 34350 levels. Wait for each of these resistances to be broken on good volumes in BNF Futures.
On DOWNSIDE 33500 is a strong Support in BNF which doesn't seem to get broken anytime soon.
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...
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.
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...
