Long-term Bias (Weekly): Bullish Medium-term Bias (Daily): Bullish Short-term Bias (195 Min): Neutral to bullish (Near resistance) After sharp short covering rallies and shallow retracement Bank Nifty jumped sharply. So upward direction is likely to continue. I am of bullish view until the highlighted levels that i have mentioned in the analysis are taken out...
Long-term Bias (Weekly): Bullish Medium-term Bias (Daily): Bullish Short-term Bias (195 Min): Neutral After sharp short covering rallies Bank Nifty is in mark down phase which is again shallow markdown phase. This is as if market still not decided to go on either direction. I am of bullish view until the highlighted levels that are mentioned in the analysis are...
Long-term Bias (Weekly): Bullish Medium-term Bias (Daily): Bullish Short-term Bias (195 Min): Neutral Bank Nifty has been consolidating at the support now which was earlier resistance, and bullish bias is based on price action. At it is taking support at earlier resistance which was hit 5 times before it was broke this should act as strong support. Hence I am...
BN looks good if open flat and try to cross today's high then it may go upto 32800 & 32950 are 2 target. there after some profit booking may come otherwise it will move till 33300. if BN open below highlighted zone then selling presurre comes and it may again test today's low. it's just my and no recommendation.
BN makes handel and cup pattern on smaller time frame. though in smaller time frame we are not considering this pattern but still BN looks bearish and chances that it will test 32100. we need to see how BN reacts at 32100 level. it's just my view only. no buy or sell call recommendation.
Bank NIFTY on a daily timeframe indicates a short in the future. Major support at 32593, and if this breaks then the bears get a part of the bulls territory. Lets wait & watch
Bank Nifty is moving in a range from 26th Feb21, even after a gap up opening today the trend was volatile, tomorrow will be interesting day to watch, on upside 36370 as well as 36554, while on down side 35337 and 35105. This view is strictly only for educational purpose and not a trading recommendation, please do not take trade based on our observations. Before...
BN Can move as support or resistance shows in chart. please don't consider this is buy or sell call. it's just my view only. IF BN gap down then may try to test 35500 Support level and if Gap up then may test today's high and move down. don't blindly take trade. market is very volatile so book your profit time to time.
BN now in channel & at crucial level. it should crossed above 25000 for 25200 target and then 25500. but looks 25000 is good resistance. BN has to break that resistance for bull ride. IF gap up above 25000 wait till retest for 25000 bullish candle with volume for high side. otherwise it's not sustainable move. if gap down wait to break of todays high will lead...
BN now moving up and break crucial break out above 24200. also making cup & handle pattern. so 1000 pts on the way up side. do your own analysis. just my View only. BE CAUTIOUS. JUST VIEW. DON'T BLINDLY TRADE. VOLATILITY WILL BE WILL BE INSANE IN COMING DAYS.
BN Close above 23600 will push for 23800 & 24000 for upside on Hourly basis. for Bear phase it should trade below todays' low for target of 23300-23000 and last for 22750. IT'S JUST VIEW. DON'T BLINDLY TAKE TRADE. UPCOMING DAYS ARE MORE VOLATILE. KEEP EYE ON VIX. IT'S INCREASING AND VOLATILITY WILL BE INSANE. SMALL PROFIT AND OUT. DON'T GO FOR LONG PROFIT.
BN shows reversal and try to fill gap so this time may it will fill the gap. around 21500. so looking next week it will touch. Just view. be CAUTIOUS. US elections going ON. so any news will hit your SL. market will be more volatile in coming days. BE CAUTIOUS. JUST VIEW. DON'T BLINDLY TRADE.
Looks BN is bullish this week. BN if Gap Up and trade above 22500 then again test Today's High. if break then test 23000. BN if gap down then try to test 22040 or MAY test 21800. But looks tomorrow is premium eating day and later in 2nd half may see some movement. note: THIS IS MY VIEW ONLY. DON'T TRADE BLINDLY.
BN if gaps down then may try 22130 or also 22060 then in second half will move towards 22500 if breaks Thursday's High. if BN gaps Up around 22360 then may touch 22500 and may touch 22700 as well high trade above 22500 for 30-45 mins. BN Range: 22080 - 22500 for monday. DON'T TRADE BLINDLY. IT'S JUST VIEW. MARKET IS SUPREME NO ANALYSIS WILL BE RIGHT IN FRONT OF IT.
BN up movement may be continue till 22800-22900 and then fall may come. JUST view. next week may be volatile due to US elections. lets see. IT"S JUST VIEW ONLY. MAY BE I AM WRONG.
Looks BN making Cup and Handle pattern. if complete it then target may be upto 22400. just view only. US market is positive till now and up by more than 1%. so may be it will impact on BN & Nifty. JUST VIEW ONLY.
BANKNIFTY INTRADAY TECHNICAL VIEW 2909