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.
BANKNIFTY1! trade ideas
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
Now what ?Bank nifty in in no man's land. The close of tomorrow's candle will give us some level to mark. There seems to be decent absorption at 49580. But how strong these shorters are will be have to be seen tomorrow. Ideally a HANDLE will have to be formed for a healthy up move. Now, how big a handle?
Never turned to Bears!Bank Nifty in fact never turned bearish. Also the sellers who are at 49000 do not seem as strong as the ones at 22800 for Nifty. On the whole, looks like if the market flies to the moon, Bank Nifty could land in Mars.
BANKNIFTYBANKNIFTY closed below va
1. gapup 48650 long till 48800
2. 48650-48400 trade reversal
3. gapdown 48400 shorrt till 48250
BANKNIFTYBANKNIFTY closed above va
1. gapup 48700 long till 48800
2. 47700-48550 trade breakout
3. gapdown 48550 short till 48350
BANKNIFTYBANKNIFTY closed inside va
1. gapup 48300 long till 48450
2. 48200-48150 trade breakout
3. gapdown 48150 short till 48000
BANKNIFTYBANKNIFTY closed below va
1. gapup 48100 long till 48300
2. 48100-47900 trade breakout
3. gapdown 47900 short till 47800-47700
Plan for 23rd April 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
The real hammerThe real hammer happened in BNF spot. And BNF never crossed over to the bearish territory. It s time to go retest the previous high Unless the Mauritius guys re waiting to sell at a better price.
BANKNIFTYBANKNIFTY closed above va
1. gapup 47700 long till 47900
2. 47700-47300 trade reversal
3. gapdown 47300 long
BANKNIFTYBANKNIFTY closed below va
1. gapup 47500 long till 47800
2. 47500-47000 trade reversal
3. gapdown 47000 short till 46700
BANKNIFTYBANKNIFTY closed above va
1. gapup 47800 long till 48300
2. 47700-47500 trade reversal
3. gapdown 47300 look for short after retracement
Review and plan for 16th April 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
buy and sell zoneFII selling so chances are on sell side. DII also buying so we can try buy on important buying zone. expect volatility.
Review and plan for 15th April 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
BANKNIFTYBANKNIFTY closed inside va
1. gapup 48825 long till 48900
2. 48800-48700 trade reversal
3. gapdown 48700 shoprt
Review and plan for 12th April 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
BANKNIFTY FUTURESANALYSIS - Close above 49094 (fut) is importantAs per pitchfork analysis as shown in the figure market has closed above successfully the parallel lines. All lines of pitchfork will act as support and resistance. Since today close is a green doji but still we need to wait for a confirmation which will come only if we close above 49094 (Banknifty futures) . If we close above that level we are confirmed to upside with our next target at 49790 and 50,000.
