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.
Bankniftytrading
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.
BANKNIFTY EOD Analysis 10th June 2022 - More Downfall is coming!NSE:BANKNIFTY Is in full control of BEARS, as the downfall is continuous and looks like everyone is Selling.
Downward Parallel Channel strategy is working pretty solid as you can see in the graph
Even the last bounce we got is DEAD CAT BOUNCE and looks like it would not hold.
Next TGT on downside is easily 34180 levels and around the BUYZONE shown in graph.
On upside, BNF to face huge resistance at 34650-34800 levels, which seems intact in near term.
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.
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.