BN 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....
BN 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 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...
BN at 1 hr TF it took support at 22260 and may move up till 22680. Just view. it's short term or say intraday view for today & monday.
Banknifty in Rectangle channel now. any side break will give at list 300-500 points. just view only.
This is just my view Only. Looks BN will keep rally till 23600 but don't expecting good up move immediately however down move can give you quick bucks. it's just educational purpose and my view. BN for upcoming days & for week.
BN have makes perfect Double Bottom at 22032 and reverse from there. Possible target is 23050 with little hurdle at 22750. lets see tomorrow.
Bank Nifty on Crucial Zone now. it's actually confusing zone. bullish only above 22750 and bearish below 21900 on closing basis with volume. don't take aggressive shorts or long.
Bank nifty create bullish diversion on 30 min TF and we may look some upward movement in upcoming days.
Bank nifty has taken strong support at 22870 Levels and make Exaggerated Bullish Diversion. Let's See if I have predicted correct or not.
Head and Shoulder Pattern.. Bearishness might be seen soon Follow us and Stay alert always...
Good 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 =============== Buy:...
Note: 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.