BANKNIFTY1! trade ideas
Review and plan for 3rd February 2025Nifty future and banknifty future analysis and intraday plan.
Budget effect.
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 FUT SEEMS NEGATIVEHello All,
I am Back with one of Important Idea that too just before of Budget.
Idea is on BankNifty Fut.
As past few days market has given some relief and price moved up by approx. 4%.
But........
As per my opinion, BankNifty has not turned Positive yet.
BankNifty Fut: Daily Timeframe
CMP: 49,862.00
Support: 48,600.00 - 48,100.00
Resistance: 49,900.00 - 50,200.00
Important Factor: Bullish Divergence between : 13th to 27th Jan, 2025.
- Because of that Bullish Divergence BankNifty gained almost 1,900.00 points from bottom.
Here is the catch, after gaining 1,900.00 points even RSI is still below 50 Mark line.
Assumption: I feel Price has absorbed effect of Bullish Divergence and ready to free fall.
Target 1: 48,600.00 - 48,100.00 (at 1st support zone)
Target 2: 46,500.00 - 46,200.00 (at 2nd support zone)
Disclaimer: This script is solely my attempt to predict BankNifty based on my analysis. It is not intended as financial advice, and I am not asking anyone to trade based on this information. Trading involves substantial risk and is not suitable for every investor. Always conduct your own research and consult with a financial advisor before making any trading decisions.
Plan for 30th January 2025Nifty future and banknifty future analysis and intraday plan.
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
Plan for 22nd January 2025Nifty future and banknifty future analysis and intraday plan in kannada.
Positional trading ideas included.
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