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Bnfanalysis

BANKNIFTY Weekly Analysis: 26th June 2022. Components looks weakHi Traders/Investors, If you see two major big weightage components of BANK NIFTY i.e. NSE:HDFCBANK & NSE:ICICIBANK both have immediate resistance on UPSIDE. So, I feel these stocks can fall before moving upwards and hence BANKNIFTY might fall as well. On other side, if it moves significantly on UPSIDE, then gap between 33774 to 34346 can be filled. But this seems too far fetched for now. Also, OI data tells that there are more CALLs than PUTs in the system and RBI governor has given a statement on lines that FIIs have sold just half of what's going to come in next few days. Please take positions at your own risks and these are not Buy/Sell recommendation but my personal view on markets. Regards, Anshul
NSE:BANKNIFTY1!Short
by simplyansh
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.
NSE:BANKNIFTYShort
by simplyansh
BANKNIFTY EOD analysis June 8th 2022NSE:BANKNIFTY had a huge movement today on both sides, but managed to stay within a close range which we discussed in my last post. Now, NSE:BANKNIFTY - needs to give a decisive move either below 34650 for BIG BEARS to come in action. Chances of UPSIDE are less, as it seems like Sell at every Upmove, if it comes then BNF has to break 35450 levels with good volumes to see some SHORT covering. I'm mostly in wait n watch mode currently, but I'm more biased on Down move to come in BNF.
NSE:BANKNIFTY
by simplyansh
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