Market Outlook: This plan outlines potential trading strategies for BANKNIFTY on May 17th, focusing on optimal entry and exit points based on various opening scenarios. Trading Strategies: Gap Up Opening: Entry: If BANKNIFTY opens above 48050 and finds support at 47976, consider a long trade. Target 1: 48127 (potential sideways movement after initial...
Market Outlook: Following a volatile "dot-to-dot" session on Thursday, NIFTY may experience a pause in activity on Friday, May 17th. This plan outlines potential trading strategies based on various opening scenarios. Trading Strategies: Gap Up Opening: Entry: If NIFTY opens above 22450 and finds support at 22435, consider a long trade. Target 1: 22517...
This trading plan outlines potential entry and exit points for BANKNIFTY based on different opening scenarios on May 16th, 2024. Remember, this is for informational purposes only and should not be considered financial advice. Opening Scenarios: 1. Gap Up Opening Above 47,850 Long Entry: If the price opens with a significant upward gap exceeding 47,850 and...
This trading plan outlines potential entry and exit points for NIFTY based on different opening scenarios on May 16th, 2024. Remember, this is for informational purposes only and should not be considered financial advice. Opening Scenarios: 1. Gap Up Opening Above 22,300 Long Entry: If the price sustains above 22,310, consider a long trade with a stop-loss...
Analysis of Potential Opening Scenarios: Gap Up Opening: A gap up opening above 48000 with support at 47978 could see BANKNIFTY trading between 47950 – 48109. Breaking above 48109 may lead to higher levels at 48416 – 48616, while breaking below 47950 could trigger a drop towards 47697 and further to 47460. Flat Opening: In case of a flat opening, BANKNIFTY may...
Analysis of Potential Opening Scenarios: Gap Up Opening: If NIFTY opens with a gap above 22300 and maintains itself above 22305 for the first hour, it may continue to rise towards the target level of 22436. However, failing to sustain above 22305 and dropping below 22280 could lead to a retracement rally towards 22170 – 22148. Support might be found around...
Overview: Similar to NIFTY, BANKNIFTY exhibited a strong recovery from lower levels in the previous trading session, closing above a key resistance zone. Today's plan examines potential scenarios post-initial relief rally. Gap Up Opening: If BANKNIFTY opens with a gap above 47950, anticipate sideways movement between 48109-47977. A drop below 47950, followed by...
Overview: Yesterday's trading session saw NIFTY edging towards a recovery from the lower levels, with prices closing just above a significant resistance zone. Today's plan hinges on whether this rally will sustain or if profit booking will dominate. Gap Up Opening: If NIFTY opens with a gap above 22175, look for it to find support in the range of 22153-22175. In...
Similar to NIFTY, BANKNIFTY witnessed bearish dominance last week, closing with a bearish weekly candlestick, yet maintaining a crucial support level around 47305 on the hourly timeframe. For the upcoming week, two key scenarios are under consideration: 1. Gap Up Opening: In the event of a gap up opening above 47700, sustained closure above this level without...
The recent week in the NIFTY index has witnessed a notable downturn, culminating in a red bearish candlestick. Although there are indications of a potential recovery on lower time frames, there hasn't been definitive technical confirmation yet. For Monday's trading session, two key scenarios stand out: 1. Gap Up Opening Above 22150: If the market opens with a...
Following a sharp correction similar to NIFTY, BANKNIFTY may exhibit sideways to muted trading on May 10th. Key levels and scenarios for the day are outlined below: Scenario 1: If BANKNIFTY opens above 47800 and holds 47820 within the first hour, an upward move towards 48000 – 48084 is possible, with potential resistance between 48100 – 48900. Sustaining above...
After a significant correction, NIFTY experienced a sharp decline, breaching its intraday support and closing near the day's lows. For the trading day on May 10th, the following scenarios can be anticipated: Scenario 1: If NIFTY opens above 22050 and maintains above 22070 within the first hour, a relief rally may occur. Failure to hold above 22070, with...
Gap Up Opening: If NIFTY opens above 22400 and maintains above 22370, consider buying with targets at 22450 – 22490. Conversely, if it rejects near 22444 and drops below 22370, short positions can be taken with targets at 22350-22324. Flat Opening: If the market opens flat and trades above 22320, consider buying with a stop loss at 22274 and targets at 22400 –...
Gap Up Opening: Consider buying if BANKNIFTY opens above 48300 and sustains with support at 48200, targeting 48531 – 48621 with a stop loss at 48150. Short trades can be considered if the price sustains below 47950, targeting 47824 – 47574. Flat Opening: If BANKNIFTY opens flat and sustains above 48177 for the first trading hour, consider buying with targets at...
Gap Up Opening Scenario: If BANKNIFTY opens with a gap above 48500 and sustains above 48450 for the first hour, a recovery towards 48677 may occur. Further upside movement towards 49000-49100 is possible if the price holds above 48677. Conversely, trading below 48300 may signal a breakdown towards 47971-47823. Flat Opening Scenario: In case of a flat opening...
Gap Opening Scenario: If NIFTY opens with a gap above 22350 and maintains this level for the first hour, traders may consider a relief rally trade targeting 22453-22511. Should the price sustain above 22511, further upward movement towards 22673 could be observed. Conversely, if the price fails to sustain above 22350 and drops below 22300, support at 22274 may be...
Gap Up Opening: If BANKNIFTY opens above 49000 and sustains above 49020 for the first hour, it suggests bullish momentum. Consider buying with targets at 22300 – 22400. However, if it fails to sustain and starts trading below 48785, expect a drop to 48508- 48424. In this range, consider buying with a SL of 22380 for targets at 48785 – 48950. Flat Opening: On a...
Gap Up Opening: If NIFTY opens above 22500 and manages to stay above this level for the first hour, it suggests strength. In this case, consider buying with targets at 22600-22650. If it sustains above 22650, it might move sideways between 22700-22629. On the contrary, if it fails to hold above 22480 for the first hour and drops below 22400, it indicates...