The index is trading near important support zone which is placed at 33000 level 33000 to 33500 will be no trading zone. Wait for this range breakout for momentum. Up side move above 33550
Breakdown below 33870 Breakout above 34000. Minimum 400 points move after breakout either side
The index is trading within 600 points range. The current trading range is no trading zone as direction is not clear. Wait for one 15 min candle to break this range and close out of this range either side. After breakout 500 points move expected.
The index is trading within 200 points range. Let one 15 min candle close out of this range for breakout confirmation either side. Potential target will be 200 points as it is 200 points range. #nifty
On 15 min time frame double bottom pattern is visible and breaking above 33620 will activate this breakout. On the flip side below 33000 will reject the setup and we will head towards 1000 points correction.
On daily chart nifty failed to close above 44 MA. Closing above the MA will trigger strong buying and we can retest previous all time high.
Weekly breakout levels are - Bullish above 16800 Bearish below 16400 Technical view- On weekly time frame nifty is taking 89 MA support. Candlestick pattern is negative.
THis is daily chart of banknifty. Fresh breakout only above 36120 As long as trading below 36000 it will be sideways to down.
Banknifty is trading in 1000 points range Breaking out of this range will activate 1000 points target.
Banknifty bullish breakout above 36100 Next resistance after breakout will be 37300. On the flip side breaking below 35000 will trigger selling.
Nifty is stucked between 16500 to 16700 range Breaking this range will generate further momentum.
Banknifty need to sustain above 200 dma for further up move. Closing above 36150 will activate is 200 dma breakout and we can see 37000 level near future.
Nifty is trading near 200 DMA and frest up move will start only above 16750. 16400 will act as a strong support zone
Banknifty is trading near 200 dma. Closing above 200 will accelerate up move and we can see 37300 to 37700 level near future.
Based on this chart on weekly time frame banknifty can reach up to 37373 which is channel resistance. On this flip side closing below 33000 will accelerate panic selling.
Breakout above 16400 will make nifty extreme bullish and we can 16600, 16800 level near future.
Nifty need to close above 16222 for 16400 Closing above 16400 will accelerate further buying.
How to trade banknifty on monthly expiry. I have mentioned all the important level for expiry. Tomorrow Is monthly expiry so volatility will be high.