Uncertain Bank Nifty has not reached the X marked spot yet. A little higher ticks can be expected before it consolidates OR is shot down to a short term low. I will be more comfortable shorting Nifty at open.
BANKNIFTY1! trade ideas
BANKNIFTYBANKNIFTY closed above va
1. gapup 48200 long till 48400
2. 48200-47600 trade reversal
3. gapdown 47600 short
Short covering OR sell off Bank nifty faces the same scenario as Nifty. Let us see what the bears hold at higher levels for the Optimists. HDFC Bank will be in focus.
BANKNIFTYBANKNIFTY closed inside va
1. gapup 48200 long till 48400
2. 48200-48000 trade reversal
3.gapdown 47850 short
BANKNIFTYBANKNIFTY closed above va
1. gapup 48200 lomng till 48350
2. 48000-47600 trade reversal
3. gapdown 47600 look for shot
Crucial support level. This is the support we have been waiting for since 2nd of May. Now that we have made daily candles that look a lot like reversal candles to me, I am absolutely sure about being unsure on what to to. Will perhaps let Bank Nifty decide for herself on a moon first. Till then, I have a seat with the audience.
BANKNIFTYBANKNIFTY closed below va
1. gapup 48100 long
2. 47700-47500 trade reversal
3. gapdown 47500 short
BANKNIFTY1!Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Weak weak ?Will the banks be able to close this week above these crucial levels is the big question. Them Bank Nifty remains the lone crusader who never gave into this bloodbath.
BANKNIFTY BANKNIFTY closed below va
1. gapup 48050 long till 48150
2.48050-47700 trade reversal
3. gapdown 47500 short
Banknifty now ready to move UpsideThe downside is now completed. banknifty is now ready to reverse as it has taken a clear support at pitchfork line. Our first tgt is 49094 and final tgt for this reversal is 49500
BANKNIFTYBANKNIFTY closed inside va
1. gapup 48350 long till 48550
2. 48350-48000 trade reversal
3. gapdown below 48000 short
BANKNIFTYBANKNIFTY closed below va
1. gapup 48550 long till 48900
2. 48550-48250 trade breakout
3. gapdown 48250 short
BANKNIFTYBANKNIFTY closed below va
1. gapup 49150 long till 49300
2. 49150-48900 trade breakout
3. gapdown 48900 short
Limited up side Bank Nifty again is more resilient than NIFTY. It is seen respecting the Daily FVG and looks ready consolidate with a positive bias. Just the hammer created on the top of a rally caps the up side. Hope sellers take a breather before they swing back into action.
BANKNIFTYBANKNIFTY closed below va
1. gapup 49300 long till 49600
2. 49300-48900 trade reversal
3. gapdown 48900 short till 48700
Banknifty Monthly Candle AnalysisIf creates low first and then give breakout @49744 level with good bullish candle there will be high chances market will create new ath.
BANKNIFTY BANKNIFTY closed inside va
1.gapup 49450 long till 49600
2. 49450-49200 trade reversal
3. gapdown 49200 short till 49000
Was never with the bears.Bank Nifty was never bearish the whole time. There is every possibility that 49300 will be protected this week. Every dip in the morning should be seen as a chance to buy calls. Unless some extraordinary selling comes in the market, Bank Nifty should either consolidate or fly. The only negative is the bearish day candle formed yesterday. The top of which will be the SL for Call writers.
BANKNIFTYBANKNIFTY closed below va
1. gapup 49600 long till 49900
2.49600-49350 trade breakout
3. gapdown 49350 short
BANKNIFTYBANKNIFTY closed above va
1. gapup 49600 wait for retracement for fresh longs
2. gapdown 49100 look for longs
