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.
Pattern - Falling wedge Pattern type - bullish Immediate resistance 16260 Target after resistance - 16400 Important support - 16000
Banknifty video setup for tomorrow I have mentioned all the important levels. Chart is for learning purpose
How to trade nifty on Wednesday I have mentioned all the important levels for tomorrow. Chart is for learning purpose.
I have shared all the important levels for coming week. Like and follow for more videos and charts.
On weekly time frame Nifty formed a insidebar candlestick pattern. What is an Inside Bar candle? It is a combination of two candles 1st candle is a mother candle and which is big in size 2nd candle is a small candle and this candle form within previous candle. Is it bullish or bearish? Breaking below the low of mother candle will accelerate momentum in the same...
On weekly time frame Nifty formed a insidebar candlestick pattern. What is an Inside Bar candle? It is a combination of two candles 1st candle is a mother candle and which is big in size 2nd candle is a small candle and this candle form within previous candle. Is it bullish or bearish? Breaking below the low of mother candle will accelerate momentum in the same...
Buy above 16020 Sell below 15900 Target 80 to 120 points