Bankniftyview
16/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Flat is going to open
After A Flat opening if Banknifty sustain Above 39100 and taking Support from 39100 then open target for T1-39300,T2-39500,T3-39700
If the Banknifty after a Flat opening sustain Below 39100 and and taking resistance below 39100 then the open Targets for T1-38900,T2-38700,T3-38500
Major Levels 39000,39100,39200
BANKNIFTY : 16th Mar14th March : NIFTY broken major support yesterday and after that we seen bears are active full day. As mention earlier it may touch weekly support as already break daily support. Keep eye on it.
15th Mar: Same view & levels for Bank nifty
16th Mar: Same view & levels for Bank nifty
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
15/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 39500 and taking Support from 39500 then open target for T1-39800,T2-40000,T3-40200
If the Banknifty after a Gap-Up opening sustain Below 39200 and and taking resistance below 39200 then the open Targets for T1-39000,T2-38800,T3-38600
Major Levels 39500,39600,39400
BANKNIFTY : View for 15th Mar14th March : NIFTY broken major support yesterday and after that we seen bears are active full day. As mention earlier it may touch weekly support as already break daily support. Keep eye on it.
15th Mar: Same view & levels for Bank nifty
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
13/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 40300 and taking Support from 40600 then open target for T1-40800,T2-41000,T3-41200
If the Banknifty after a Gap-Up opening sustain Below 40400 and and taking resistance below 40400 then the open Targets for T1-40200,T2-40000,T3-39800
Major Levels 40500,40600,40400
BANKNIFTY : Can touch daily major support ?BANKNIFTY on Daily chart its following triangle pattern perfectly shared last week.
In Hourly chart its trading near flip support. If it break 40300 (Flip support) it may touch major support of daily chart.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
Bank Nifty ViewNSE:BANKNIFTY
1} The last day fall was mainly due to international
events, Such as fall of US bank "SVB" and
Inflation data concerns of US.
2} Look at the volume absolutely nothing, This fall
seems to be more of emotion.
3} May look vulnerable on Monday / Tuesday, but
will eventually bounce back.
4} As long as 39800 holds its a Buy.
10/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above 41300 and taking Support from 41300 then open target for T1-41400,T2-41500,T3-41600
If the Banknifty after a Gap-Down opening sustain Below 41200 and and taking resistance below 41200 then the open Targets for T1-41000,T2-40800,T3-40600
Major Levels 41300,41200,41000
Sector Analysis Four sectors that are outperforming NSE:NIFTY
{A} NSE:BANKNIFTY Though not by big margin definitely out performing NSE:NIFTY . Break above 42000 will be a great sign.
Stocks to watch out; 1) NSE:CANBK 2) NSE:ICICIBANK 3) NSE:INDUSINDBK 4) NSE:SBIN
{B} PSU Bank . 1) NSE:CANBK 2) NSE:SBIN 3) NSE:BANKBARODA
{C} NSE:CNXINFRA got a big push at Budget and is evident from stock performance . 1) NSE:LT 2) NSE:SIEMENS 3) NSE:ABB 4) NSE:NTPC
{D} BSE:MIDCAP is best out performer, if overall market improves will run away. 1) NSE:CUMMINSIND 2) NSE:PGHL 3) NSE:HAL 4) NSE:TORNTPOWER
Bank nifty viewNSE:BANKNIFTY has pulled back by about 1000 points with in a span of seven days. Now reached level where earlier a lot of buying interest was witnessed (Watch it in the chart marked with rectangle box).
One interesting point to note in this pullback is that even though there were range expansion of candles volume expansion is missing altogether. See the chart.
Also look carefully in the chart and see that in the past whenever price pulled back with low volume the expansion to the upper range was quick.
So the two important points to note that.
1) Price is in the zone where in the past lot buying interest was witnessed with heavy volume.
2) The current pullback has no volume back up. The last days volume was almost negligible.
Good Luck
09/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above 41600 and taking Support from 41600 then open target for T1-41800,T2-42000,T3-42200
If the Banknifty after a Gap-Down opening sustain Below 41200 and and taking resistance below 41200 then the open Targets for T1-41000,T2-40800,T3-40600
Major Levels 40500,40400,40300
8th Mar ’23-Day Trader’s Post Market Analysis Below mentioned points are discussed in my post analysis video(Fast forward to 3:07 for Hindi Audio)
-Predicted the whole open in nifty on monday's Postmarket video(pls do watch :))
-Good scalp short in nifty explained.
-Why not to short such structures-Nifty & BankNifty
-How will i trade when market opens tom.
bull run in major index still intact Bank nifty bull run is still intact digesting all bad news in the month of feb in indian markets about adani and more nifty and banknifty has held major supoorts and bounced from right levels pure bullish above 42830/42850 levels in spot 40450 area now becomes major support area not expecting any big move on any side however at this time but i think markets are building strength for the next upmove however at these kind of times major support levels will be tested and base building is being done many bad news have been digested at higher levels i am buyer till 40000 is holding and will add above 42850 levels
big sharp move on up side is possibility i believe there is a 25% chance that previous will break once majority people get bored in the markets and markets will give chance to buy with sharp up moves however if banknifty trades above 42850 cash levels u can expect that to happen till then wait
06/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONE
Hello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 41400 and taking Support from 41400 then open target for T1-41500,T2-41700,T3-42000
If the Banknifty after a Gap-Up opening sustain Below 41130 and and taking resistance below 41130 then the open Targets for T1-40900,T2-40700,T3-40300
Major Levels 40000,40200,40400
BANKNIFTY: Preparing for Big MOVE? 28th Feb : BANKNIFTY trading in triangle pattern on daily chart , currently reversing from support zone . It didn't break low of Doji candle since 2 days so its good support for me.
5th Mar: last time shared that low of Doji candle is good support and market respected levels and now Bank nifty is near Resistance. from here i am expecting one swing next week to prepare big move ahead. Lets follow Prices action
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L".
BANKNIFTY : triangle patternBANKNIFTY trading in triangle pattern on daily chart, currently reversing from support zone. It didn't break low of Doji candle since 2 days so its good support for me.
You can trade as per your view on market.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L".
Sorry was not able to post since long time as i was operated due to some health issues. I will try to start post on regular basis again