Banknifty view for 10/04/22Bank nifty opened gap down and in the last trading hour it shot up breaking, sustaining and closing above the 20 DMA.
Thou, on horly time frame it has closed between the 2 moving averages.
On 15 minute analysis, it has taken resisitance from its 200 ema in final minutes of session.
Support :- 35000, 35800
Resistance :- 35200, 35300
Markets can remain sideways or in the uptrend.
Wait and watch the price action near the levels before trading the market.
Bankniftytrading
BANKNIFTY heading down to 34800 levels ? Time to go SHORTBANKNIFTY is showing weak signals and may go down to 34800 levels.
Due to heavy intraday selling pressure from FIIs specially in Banking/Financial sectors, is pulling Nifty Bank.
BANKNIFTY has to break above 35450 levels decisively with Big Green candle w/t heavy volumes to scare the Bears.
If BANKNIFTY is unable to hold 35175 levels, then it can fall drastically to 34800 levels which is a strong Buy Zone.
BANKNIFTY Trend AnalysisFall started at key level around 35985 (Dashed yellow line).
Today's closing below that level indicates possible fall.
There is a strong bearish divergence in RSI with declining trend in volume.
Most heavyweight constituents are in confluence as they are at their key resistance levels.
Expecting the bottom to be around 32200 level.
Do your own due diligence before taking any action.
Peace!!
what u think folks.. banknifty is ready to touch these levels..?sorry for this late post because I was on. vacation. a much-needed rest and some time to digest the money we earn from the markets.
but I am back now. now I will update u guys with all the price action on nifty50 & bank nifty.
what u think about this price action do let me know in the comments ya.
Thankyou Traders.
Banknifty view for 31/05/22.Bank nifty opened gap up but couldn't hold the level of 36000.
Bank nifty was weak as conpare to nifty and closed below its 200 DMA.
On 15 minute analysis, it closed below 20 ema.
Support :- 35800, 35660, 35400
Resistance :- 36000, 36230
Nifty and banknifty both traded in opposite directions.
Wait and watch the price action near the levels before trading the market.
BANKNIFTY Daily and Weekly Technical AnalysisBANKNIFTY Daily/Weekly timeframe analysis shows firstly that BANKNIFTY is following this Disjoint Channel from quite sometime this year. Also, shows that on higher side it needs to break above 36050 levels with force n volume with big single day candle to scare the bears and run for cover. This upmove can trigger a short covering rally and cause upward further momentum.
But chances of downside also can't be ignored as 36000 lvls can act as strong Resistance in this coming week.
Note: Levels are of BANKNIFTY futures n not of underlying Index
BankNifty Intraday Trade Setup for 20th May 22 (Trading Idea)After a vast Gap Up, we have seen some strong buying happening and the market is moving towards the upside, how long will this continue? so what should be our trade plan for the day? The chances of delta moves is very high.
Let me know if you have any questions in the comment
Be active on this post to see my live positions and Trade
Do Support by Liking and Commenting on our Post as it motivates us to post more such ideas
The chart is for study purposes only!!
NSE:BANKNIFTY
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Bank Nifty Analysis/Prediction for Expiry Day 19-05-2022 (Wed)NSE:BANKNIFTY
For flat Opening
🟢 Buy CE, if price closes above 34410
👉 Target Should be 34700
🔴 Buy PE, if price closes below 33970
👉 Target Should be 33530
For Gap-Up Strategy (Below 34350)
🟢 Buy CE, Near 34200
👉 Target Should be 34700
🔴 Buy PE, if price closes below 33970
👉 Target Should be 33330
For Gap-Down Strategy (Below 34000)
🟢 Avoid CE
🔴 Buy PE, Near 34000
👉 Target Should be 33520
BankNifty Intraday Trade Setup for 18th May 22 (Trading Idea)Banknifty has been consolidating since the morning, Market has been bullish for the past 3 days, can we still expect an upmove?
I plan to buy Banknifty (But not sure)
Be active on this post to see my live positions and Trade
Do Support by Liking and Commenting on our Post as it motivates us to post more such ideas
The chart is for study purposes only!!
NSE:BANKNIFTY
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Banknifty all the important levels to mint money 18-05-2022Banknifty can touch 35000 near future as long as 34000 is holding.
at 35000 we may see profit booking and banknifty can consolidate near the same level
One day closing above 35000 will trigger buy button and target will be 36000
On the flip side if didn't manage to cross above 35000 it may reach 34000 again when it will find support.
Up side range
Above 35000 target 36000
Above 36000 target 37700
Above 37800 target 37312
Down side range
Below 35000 closing target 34000
Below 34000 target 33300
This is master chart for banknifty and will be valid for this week.