BN 06TH MoveLooks BN is bullish this week.
BN if Gap Up and trade above 22500 then again test Today's High. if break then test 23000.
BN if gap down then try to test 22040 or MAY test 21800.
But looks tomorrow is premium eating day and later in 2nd half may see some movement.
note: THIS IS MY VIEW ONLY. DON'T TRADE BLINDLY.
Niftybanktrend
BN Probable move for mondayBN if gaps down then may try 22130 or also 22060 then in second half will move towards 22500 if breaks Thursday's High.
if BN gaps Up around 22360 then may touch 22500 and may touch 22700 as well high trade above 22500 for 30-45 mins.
BN Range: 22080 - 22500 for monday.
DON'T TRADE BLINDLY. IT'S JUST VIEW. MARKET IS SUPREME NO ANALYSIS WILL BE RIGHT IN FRONT OF IT.
BN Next weekBN is short term bull side till 21500. after that some consolidation and then may fall till 20000 & 19500 Target. It's just my view.
so upcoming week and whole month of October is very important may be we won't get big move like 500 or 700 points in consolidation phase. after US election we expect 1 or 2 big move. market will trad between 21500-20000 in mean time. JUST MY VIEW.
MAY BE I AM WRONG. MARKET IS SUPREME.
BN Trade for 22-09-20BN is near it's crucial support zone. it's not easy to break. so may be market will touch 21000 level but it will respect and give bounce from there.
after bounce we need to check how time it will spend near support zone. if consolidating for 2-3 days then chances are more to go down for 20500 levels. it's just my view only.
BN Upcoming week.BN in zone where it can make or break. it hold 22000K level. despite sudden fall on Friday it re acclaimed 22K level and close above that. big players don't want it close below 22000 level so definitely some big movement we can expect and they don't want retail to be part of that. SL hunting game will start soon. keep eye on VIX if increase then be ready for wild move.
so be ready for Move may be up or down. this month is very crucial. lets see where BN closes.
BULLISH only 22750
BEARISH only 21900
ON CLOSING BASIS. so just wait and watch and take small intraday trades with cautious. SL is must.
Bank Nifty Intraday Trade Setup for 10th July 2020Good Morning friends,
We had seen lot of up and down move in the index. The index is trading on the dynamic resistance which has taken from an uptrend channel. The index will test 24,000 if the current resistance breakout. Stop Trading against the trend. The index is still bullish and there is lot of chances to test 24,000 Level.
Trade setup
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Buy: 23100 Stop loss: 22900 Target:23270/23400/23600
Sell:22700 Stop loss: 22900 Target:22520/22370/22100
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey
Bank Nifty - Build up near resistanceNote: This is for educational purpose only.
There seems to be a build up near resistance of the channel in BankNifty. Not sure if this is accumulation or distribution. RSI is above 60 which indicates bullish strength. However, further up move can be seen on breaking the channel.