Niftybank
is bank nifty has a space ?there is a lot of Quentin is bank nifty want to fall more ?
Will it stable from this level?
or picture abhi baki hey? SO BE READY TO SAW NEW CHANGES IN MARKET.
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Bank Nifty Trading Strategy for 4th Aug'2020OI up by 24.22% and price down by -2.62%, shows significant short buildup. There was along with short covering & short buildup for is last 2hours ( 1:30 pm to 3:30 pm).
#banknifty is made lower low and lower high constantly for the last 4 days
LH: 22,346/22,253/21,807/21,544
LL: 22,906/21,580/21,375/21,031
Won't be long until you 21,807 is crossed, bounce must be used to create short rather than dips used to create shorts.
Decesion Zone is 21,180 - 21,398.
Please avoid aggressive long and use the bounce to short.
Lower targets on cards:- T1 20,421 & T2 19,685 (these levels are valid if #banknifty starts trading below 21,000)
Bank nifty Analysis for August Series Good Morning sir's
Bank Nifty Index does not move a lot in June and July month since Nifty 50 was making higher high which was a clear sign of banking sector weakness. For the August series, there is 2 Very Important Level in Bank Nifty Index.
21600 to 21700 is the resistance of this range and 20940 to 20900 is the support area. Breakout or Breakdown will decide Bank nifty Movement for the August series.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey
#BankNifty Expiry Special Analysis for 30th July'2020.#BankNifty will be volatile due to monthly expiry, trade with SL and keep booking small profit.
One cycle was complete of elliot wave ( 21,027 to 32,112 - 5 wave & 32,112 to 21,615- 3 wave).
Use buy in dip stargetgy for a target of 22,363 / 22,540 / 22,791 SL 21,615.
Trade what you see not what you feel, enjoy trading.
Will change the view below 21,600.
Bank Nifty Trading Strategy for 29th July'2020#BankNifty as discussed yesterday was weak and took support from trendline around 21,600.
One cycle was complete of elliot wave ( 21,027 to 32,112 - 5 wave & 32,112 to 21,615- 3 wave).
Use buy in dip stargetgy for a target of 22,363 / 22,540 / 22,791 SL 21,615.
Trade what you see not what you feel, enjoy trading.
#BankNifty Trading Strategy for 28th July'2020#BankNifty Trading Strategy for 28th July'2020
The pattern got failed badly in #banknifty and the reversal of the short term trend will be below 20,096.
Patterns Got failed in the last 2 week:-
1. PRZ in 22,650-22,750 range got failed and made a high of 23,211.
2. Cup & Handle got failed below 23,428 and made a low of 22,803.
Now we have bearish shark #harmonic pattern on #banknifty, where the targets are 21,476 / 21,028 / 19,733.
All the levels and decision zone are on the chart, the decision zone is above positive and below negative.
Trade what you see, not what you feel, enjoy trading.
Bank Nifty Trading Strategy for 28th July'2020: Live update 3 PM#BankNifty Trading Strategy for 28th July'2020: Live update 3 PM.
How well the Elliot wave plays around in short term chart as well.
#banknifty is weak, pls don't initiate long until 22850 is crossed.
Monthly expiry adjustment is going on.
Bank Nifty Trading Strategy for 27th July'2020#BankNifty Trading Strategy for 27th July'2020
Cup and Handle formation on #banknifty, once the resistance zone is broken the upside target is 23,400/23,620/23703
SL is 22,411 for intraday long.
Positional long SL is 22,000.
Medium Term View:-
52W H :- 32,613
52W L :- 16,116
38.2 % 22,428
50.0 % 24,365
61.8% 26,311
Wave 2 is 21,967 to 17,195, so 50% of this wave is 24,398 which coincides with 50% of the fall 24,365.
As per wave structure, the next logical is 24,365.
Trade what you see, not what you feel, enjoy trading.
Bank Nifty Trading Strategy for 24th July'2020 and next few daysInside Bar on the daily chart,22nd July High 23,208 & Low 22,600.
Directional move once the levels are broken:-
Good entry point is 22,700 - 22,750 levels 22,500 as SL.
Target 1 is 23,365 and an extended target of 25K on cards.
Flag formation on the daily chart, the probability is to break higher-ups.
Don't get the impulse to short is there is a gap down.
I prefer to short if there is strong reversal signal and confirmation below 22500 closure.
Just enjoy a cup of tea.
Bank Nifty Trading Strategy for 21th July'2020#banknifty
Cypher pattern:- Bearish formation seen on #banknifty
Focus on PRZ - Price Reversal Zone (22,650 - 22,750)
Nifty P/E stands at 28.86, bubble expanding, be cautious.
Head & Shoulder formation in progress in a 1-hour chart, any bubble break will happen below 21,000 might see a target of 18,895.
I won't change my view based on dow or vaccine news, I will post what I see on the chart.
Trade what you see, not what you feel, enjoy trading.
Nifty Big Bear Case - long term view.Nifty has managed to close above its 100 week EMA. Previously the zone near this EMA has acted as a major trend reversal zone and has also had many fake-outs near 100 WEMA (which you can see on charts) before reversing the trend which is a possibility here. It can test upper levels of 11000+ to potentially trap bulls before reversing. A weekly close below 10728 on Nifty spot would confirm this thesis. As long as Nifty doesn't close a weekly candle below 100 WEMA this bear case will be null and void.
Bank Nifty Trading Strategy for 15th July'2020
#banknifty #trading #stratergy
Levels are on the chart, the pullback expected till 21,769 to 22,105.
Will avoid trading in the decision zone 21,769 - 22,105.
SL for all positional shorts is 22,650 and intraday short levels are 21,122.
I have kept the levels and analysis very simple for layman to understand.
Monthly Analysis of #banknifty July'2020
#banknifty monthly analysis
52W H :- 32,613
52W L :- 16,116
38.2 % 22,428
50.0 % 24,365
61.8% 26,311
Wave 2 is 21,967 to 17,195
So 50% of this wave is 24,398 which coincides with 50% of the fall 24,365.
As per wave structure, the next logical target above 22,418 is 24,365.
Bank Nifty Trading Strategy for 13th July'2020Bank Nifty Trading Strategy for 13th July'2020
#banknifty:- BankNifty closing below 22480 (which used to a strong resistance is a sign of bearishness).
SL for all long trades:- 21,350 ( SL triggered for long on an intraday basis but holds on a closing basis)
Decision Zone 22,022 - 22,170
#banknifty if starts trading below 22350 for an hour, then we have the 1st downside target of 21,650 as opened.
Will review the chart once the 21,650 is achieved.
The current up move wave 5 which was projected to be completed at 24,350 seems to be completed at 23,080.
We expect an ABC correction, where 21650 seems to be a logical target.
One separate analysis, I will try to post the short term view on #banknifty.
Bank Nifty Intraday Trade Setup for 10th July 2020Good Morning friends,
We had seen lot of up and down move in the index. The index is trading on the dynamic resistance which has taken from an uptrend channel. The index will test 24,000 if the current resistance breakout. Stop Trading against the trend. The index is still bullish and there is lot of chances to test 24,000 Level.
Trade setup
===============
Buy: 23100 Stop loss: 22900 Target:23270/23400/23600
Sell:22700 Stop loss: 22900 Target:22520/22370/22100
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey
Bank Nifty Trading Strategy for 10th July'2020#banknifty:- Nothing has changed, the structure is still bullish (last 2 days repeating the same thing)
SL for all long trades:- 21,350
Decision Zone 22,691-22,919, 228 point no trading zone.
Resistance Zone:- 23,000 - 23,100
Suupport Zone:- 22,022 - 22,170
52W H :- 32,613
52W L :- 16,116
38.2 % 22,428
50.0 % 24,365
61.8% 26,311
Wave 2 is 21,967 to 17,195, so 50% of this wave is 24,398 which coincides with 50% of the fall 24,365.
As per wave structure, the next logical target above 22,418 is 24,365.