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Niftybank

#Banknifty Next Week Analaysis 6th to 10th July'2020.#banknifty is struck in broader range of upside and downside from 24th June to till date. The decision zone is , upside +ve and below -ve. The wave structure is not damaged and is intact for the last 8 days, decisive big move either side is on card:- Upside target of Wave 5:- 61.8% 23,420.72 100% 24,009 138.2% 24,597.28 The whole structure will get damaged below 20,929 Note:- Daily Chart:- Medium-term trend is down, the short term is up 2 H Chart:- consolidation / neutral 1 H Chart:- Trend is +ve but losing momentum 20,500 will be the pivot point. Trading is all about making money and nothing else. Trade what you see, not what you think, trade the market, not the forecast, happy trading🤹.
NSE:BANKNIFTY
by subhagghosh
2
BANKNIFTY Expiry Special Analysis for 2nd July'2020.251,894 (20.05%) increase in #banknifty future with 607.45 (2.84%) shows huge long buildup in the system. BN future levels added 6841 contracts added. 21,526 is the immediate big support in #banknifty Immediate resistance for expiry is 22500, if broken then the target is 23,536. I wish you all a happy trading. Trading is all about making money and nothing else. Trade what you see, not what you think, trade the market, not the forecast, happy trading🤹
NSE:BANKNIFTYLong
by subhagghosh
Bank Nifty Trading Strategy for 1st July'2020#banknifty consolidating is 900 points range from 20,900 to 20,800 in the last couple of days. I have reduced my long position today from the index, any breakdown or breakout has to be traded. SL of the directional trade can the decision zone (which has been kept intact today). Don't play the trend line, what for zone breakdown confirmation before going short. I wish you all a happy trading. Trading is all about making money and nothing else. Trade what you see, not what you think, trade the market, not the forecast, happy trading🤹
NSE:BANKNIFTY
by subhagghosh
2
Bank Nifty Trading Strategy for 30th June'2020As previously stated for the last 4 days, the wave structure is not damaged and is intact for the last 3 days, decisive big move either side is on card:- Upside target of Wave 5:- 61.8% 23,420.72 100% 24,009 138.2% 24,597.28 The whole structure will get damaged below 20,929 Decision Range , during market hours, try to keep the focus on the zone of confluence, where bull vs bears will have a fierce battle. If the trend line is broken, you know the target, that's on the chart. I wish you all a happy trading. Trading is all about making money and nothing else. Trade what you see, not what you think, trade the market, not the forecast, happy trading🤹
NSE:BANKNIFTYLong
by subhagghosh
will upper circuit on NIFTY 50 ?AS WE SAW IN LAST SOME MONTH WHEN LOCKDOWN EXTENSION HAPPEN NIFTY FALL SAME DAY BUT ASS FAR MY KNOWLEDGE LOCKDOWN WILL NOT CONTINUE AND, OPEN WILL SOME TERM AND CONDITION SO BE READY TO SAW NEW CHANGES IN MARKET. THANK YOU FOR YOUR SUPPORT FOR MORE UPDATE FOLLOW AND Like IF you are new to market and wish to learn more you can contact me 7276209528 If you open account from below link you will get my Personalis support for learning and trading. tinyurl.com
NSE:NIFTY
by RavindraBhise
Bank Nifty Trading Strategy for 29th June'2020The wave structure is not damaged and is intact for last 2 days, Monday can be decisive big move either side:- Upside target of Wave 5:- 61.8% 23,420.72 100% 24,009 138.2% 24,597.28 The whole structure will get damaged below 20,929 Decision Range is 21,086-20,916, during market hours try to keep the focus on the zone of confluence, where bull vs bears will have a fierce battle. If the trend line is broken, you know the target, that's on the chart. I wish you all a happy trading. Trading is all about making money and nothing else. Trade what you see, not what you think, trade the market, not the forecast, happy trading🤹.
NSE:BANKNIFTY
by subhagghosh
2
Bank Nifty Trading Strategy for 26th June'2020Daily chart Doji formation:- High 21700 Low 20929 The wave structure is not damaged and is intact:- Upside target of Wave 5:- 61.8% 23,420.72 100% 24,009 138.2% 24,597.28 I am amazed to see almost 99% of yesterday' s analysis either on trading view or youtube, all were bearish for this expiry. I was only few of those who have given the long recommendations and predicted the reversal zone 20,961-20,868 and BN low was 20,929 - Bang On. I am not touching the decision zone today. The whole structure will get damaged below 20,929(today's low), you can initiate short with DOJI high (21700) as SL. I wish you all a happy trading. Trading is all about making money and nothing else. Trade what you see, not what you think, trade the market, not the forecast, happy trading🤹.
NSE:BANKNIFTYLong
by subhagghosh
#Nifty & #BankNifty - Both sitting at very crucial levelsThanks for coming to this update. Before you start reading kindly hit that like button and follow. It motivates me to keep doing such work for free. Thanks As already highlighed in the previous posts, 10,330 and 22,000 levels are very important resistance zone for Nifty and BankNifty. In today's session, we saw both of them getting rejected after testing those zones and forming bearish candles. We should see a big move in the next few sessions once we either cross the resistance zones or get rejected from them which would lead to a bearish move. DJI has closed positive from it's day's open and that is a good news for Indian markets. Thus, i am more inclined towards seeing a positive move tomorrow but then we need to be prepared for both cases. “Don't make friends with trend, make friends with each candlestick”― Vivek Nair
NSE:NIFTY
by iSauravKr
1
Bank Nifty Trading Strategy for 23th June'2020SL for the current up move is 21,022 (low of wave 4) The current up move wave structure seems to be completed at 22077. We now expect an ABC correction, which should not break the support of 21,022. The index might take a pause for a couple of days before resuming the upside journey. Positional Long SL is 20600. Note:- Overall today BN up by 370 points i.e. 1.74% and OI down by 83,251 (-4.57%). Indicating short covering. #banknifty
NSE:BANKNIFTYShort
by subhagghosh
INDUSINDBK | NSE | ANALYSISHey guys! IndusIndBk has broken out of its major resistance level and has flipped it to support. It has consolidated for a while above the support, which is healthy. And, it's closing in on the D-Day. MACD is converging bullish adding to the bias. Stoch RSI has bottomed out and is ready for a reversal. Next possible resistances are way above 600 rupees, which is the 200MA on the 4H. That's a 30% easy target in the coming months. Above are my reasons to enter the trade. Thank you!
NSE:INDUSINDBKLong
by kautilya_k