Today my view for Bank NiftyToday my view for Bank Nifty, if sustain above 39370, then the target would be 39759.
NSE:BANKNIFTY
Niftybank
NIFTY SEPTEMBER ANALYSISWith Powell's Statement, Dow has given a -950 pts fall on Friday! This has led to -215 points Pre-Open fall in SGX as of 28/08/2022!
With Opening on Monday, i.e, 29/08/2022, we can expect the market to Open around 17200-250 zone and then take support at the marked levels! Institutional accumulation and Buying seen in the August series indicates that markets can form a bottom around the 17150-200 zone and then move uspide! If the panic selling continues, then we can see a further correction till 16950-17000 levels!
17000 should act a strong support zone and markets can take a good recovery from this level! Stocks and Index both can give a good rebound and can create some good buying and accumulation opportunities!
Nifty - 17680 need to be exceeded for continuation of upmove.17680-17730 area need to be crossed and sustained for comfort with long side trades. Besides being high of today (25/08) and 22/08, 17680 is Ichimoku's Tanken Sen level.
17376, 17738, 17216, 17155, 17094, 17018 are important support levels.
BankNifty holding above 38670 is important. 39500 - 39220 remain important resistance levels,
38846 (Tanken Sen), 38650 (13EMA) major supports.
If broken, weakness will creep in for BankNifty too. 38400 - 38150 - 37940 - 37650 important support levels.
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NIfty weekly analysis for 22/08/22Nifty on weekly time frame, has formed a gravestone doji. It has formed a double top near the resistance zone.
A perfect bearish engulfing candle is formed on daily time and it has engulfed last 3 days candles.
The market has been in green for last 4 weeks and a retracement is pending.
Nifty on the hourly time frame has started trading below its 20 DMA and closed below it.
On 15 minute chart analysis, market has respected the 200 ema and is trading between 20 and 200 ema.
Support :- 17710, 17634, 17540
Resistance :- 17830, 17960
Wait for the price action near the levels before entering the markets
Check out my #BANKNIFTY Chart analysis on weekly time frameCheck out my #BANKNIFTY Chart analysis on weekly time frame
Nifty expiry levelsNifty is trading within 100 points.
Breaking out of this range will trigger 100 points target either side.
Nifty daily analysismarket is in bullish mode.
if it opens sidewasys and crosses resistance then buy
for big gap up we will see futher price-action
for gapdowm, we will only sell if it breaks support
NIFTY50*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 15-20 min first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action work near that level.
Only for educations purpose.
Nifty advanced chart formationI have observed this pattern in Nifty daily chart
1500 to 1600 points down move
2300 to 2400 points down move
If the recent high is temporary top for time being a 1500 points correction is possible in the index
2 days closing above 17600 will reject this pattern and next resistance will be 18200
Nifty Levels for 10/08/2022Dear 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
Nifty is ignoring the global issues and quickly approaching long term resistance level with strong buying support from Bulls. Nifty is trading above all important averages and VWAP. Is buy on dips going to be better strategy till Nifty shows signs of weakness and start trading below important moving averages?????
Have a profitable day ahead!
Nifty levels - 05/08/2022 Nifty has shown strength yesterday and bounced back from 17200. Today range is going to be 17200 - 17500. Please refer chart for trading plan.
Nifty 50 Index 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.
ICICI Bank Future Chart LevelsDear 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.
Is ICICI Bank ready to touch 52 High in coming days?
OR
Profit Booking will bring down ICICI Bank to near major support levels?
NIFTY bank ( OM ) Over all market bullish ..but this time market little down for 200 to 500 points ..this my opinion and ..buy sell signal Draw in chart .
Thank you
SHORT BANK NIFTYI have shorted since the start of this channel I drew and plan to hold this for couple of weeks
. I’m trading options and futures both short positions for now.
Nifty analysis- for educational purposeAlways take trade with risk and reward.
Those who are new to option can trade next week option as decay will be normal.
Bank Nifty for July 7thMy analysis for tomorrow. This is my analysis only and I am not responsible for the Trades you take based on my idea.
1) Gap Up Opening: Market may come down to test support 34331 and go up
2) Gap down opening: Market may get trapped in between 34331 and 33785
3) Flat opening: It depends on price action, need to check which Direction market will move, Up or Down and accordingly we can plan our trades.
BANKNIFTY Daily Analysis 4th Jul2022 : BNF looks strong!Hi Traders,
BNF is in Bullish momentum from last couple of days 3-4 trading sessions and It might continue.
On UPSIDE it might face resistance at 34150 followed by 34350 levels. Wait for each of these resistances to be broken on good volumes in BNF Futures.
On DOWNSIDE 33500 is a strong Support in BNF which doesn't seem to get broken anytime soon.
#BANKNIFTY - A Clear AspectsSo banknifty has moved 90degree straight which I dont think stays as a ladder is only a ladder when slanted and faced a wall, if you remove the wall, it falls, so here is something similar here, 90 degree momentum doesnt stays well. 33964 to 34140 range if it stays sideways we can expect a more good fall down, but eventually if it opens flat it can race towars 34140 and then retrace and then move, on piror upmove profit booking can arise if opended gapup upto 34505 as well. Eitherways one need to be resilient when trading. May test 33295 if slids below 33736
Observing #Banknifty Charts and Whats next?Banknifty is in Hiragana Phase( where if slight volume slips out it can slip till 33215 but thats what spring is, a spring jumps and is evident in Wyckoffs cycle, As I have mentioned earlier BNF is Strong above 33700 and I think it is powerful but buying at springs and springs itself is best season. Keep for observation. BUYS Only above 33700 only. Though my chart idea shall be neutral but Still I have gave for longs.
