Bank Nifty Index Future - Formation of Head & Shoulder PatternDear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Bank Nifty Index Future - Formation of Head & Shoulder Pattern is a reflection of global issues. China hits Taiwan immediately with trade sanctions. Derivative data for Nifty and Bank Nifty are turning negative. Traders are selling on rise. It looks like Bears are trying to grab the control from Bulls. It will be interesting to see Bulls Vs Bears in coming days.
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Is Bank Nifty Future heading towards 36675 or lower levels?Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Is Bank Nifty Future is going to hit 37675 or lower levels today? Global issues are clearly reflecting on Bank Nifty Future chart. Majority of indices closed in Red and continuing today in Red/Flat only. Shall we buy on dips? Is it a golden opportunity for retail investors?
Bank Nifty Future Levels for 03/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Selling was intense in last 30 minutes. Consolidation is going on. India VIX has jumped up more than 11% in last two days. We need to be careful at higher levels and utilize profit booking opportunities whenever possible.
SBI reached near monthly resistanceDear traders, I have identified levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2.
SBI reached near monthly resistance. Is it a good time to book profit?
Have I booked profit ? Yes, I booked it today and now I will wait for buying on dips opportunity.
Many Thanks, Have a profitable day ahead!
Bank Nifty Levels for 02/08/2022Dear traders, I have identified Bank Nifty level based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2.
Bank Nifty reached in Over bought zone with high put call ratio . Max call writing OI at 38000 and max put writing OI at 37500. Is it a good time to book profit? Please respond with your views. Many thanks
Bank Nifty Levels for 02/08/2022Dear traders, I have identified Bank Nifty level based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2.
Bank Nifty reached in Over bought zone with high put call ratio. Max call writing OI at 38000 and max put writing OI at 37500. Is it a good time to book profit? Please respond with your views. Many thanks
Have a profitable day ahead!
Banknifty view for 28/07/22Bank nifty and nifty gave a nice move and foemed a bullish engulfing candle.
The moving averages (20 and 200ema) are close enough.
The smaller time frame bearish trend seems to be over and market can carry the moment further.
On 15 minute analysis, the market has pushed above its 20 ema and has closed around 36800.
Support :- 36475, 36300
Resistance :- 36900, 37160
Wait and watch the price action near the levels before trading the market.
Bank Nifty Intraday View 13th July 2022Long above 35240, Keep trailing profits as per the drawn resistances, SL 35150
Short below 35160, Keep Trailing profits as per the drawn support, SL 35240
You can do scalping with the help of the lines drawn.
NOTE : Don't jump into the market as soon as it opens, understand the trend and enter the trade.
BANKNIFTY Daily Analysis-6thJul2022-Might face tough resistance!Hi Traders,
BNF might face tough resistance at current lvl of around 34375.
Trade very carefully on Upside from here on until 35100 lvls, BNF might fall pretty quickly from here.
On Downside, there is a good support from Demand Zone between 33900 - 33750 lvls.
Regards,
Anshul.