Chethan333

Chethan333

Banknifty is making a double top. The previous week's close is a downright bullish move. expecting a bullish view above closing of 46380 below this market, the market starts consolidation.

Chethan333

Banknifty is in the range of 2 days. 44700 will act as major resistance and this level has already been tested multiple times. if BNF closes above 44750 then the next level will be 45044. 44471 will act as immediate support.

Chethan333

Nifty opened the gap up and sustained .closed above the trendline. 19610 will act as a major resistance .19530 will act as immediate support.

Chethan333

BNF is precisely at the resistance level.breaking above this level will leads to shortcovering.

Chethan333

Nifty opened the gap up and sustained above the trendline after a long time. next resistance will be 19609.

Chethan333

Over the past three weeks, Banknifty has been trading within a range of 44800 to 43611. Interestingly, it has found support at the same level where it previously halted for six weeks. This suggests a potential significance in this price level. Additionally, there seems to be a formation of a head and shoulder pattern on the weekly chart of Banknifty, indicating a...

Chethan333

Nifty, the stock market index of the National Stock Exchange of India, has exhibited a strong support level at 19233 and has subsequently reversed its direction from that price point. This suggests a positive shift in market sentiment. Furthermore, when analyzing the monthly chart, Nifty remains bullish, indicating a favorable market outlook. Additionally, as long...

Chethan333

Observe the BNF chart, it shows a bearish trend Last week it tried to move up but 45000 actes as major resistance,and finally came to the original trading range. we can expect the big surprise moments only if it closes above 45055 or below 43555. for next week market may move downwards and if it crosses 43555 a fresh 500 to 800 points fall we can expect.

Chethan333

Continuous 5 red candles in the weekly chart(first time after COVID-19, continuous 5 red candles) and nifty closed below the major significant support of 19310. Nifty is at Bearish territory entirely. for next week 19310 will act as the major resistance, if it breaks then 19388 and 19456 will act as the major resistance levels. downside immediate support...

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In the recent market activity, Nifty has shown resilience by not closing below 19310 or above 19580. Despite opening with a gap up, there was significant selling pressure observed from the 19600 levels, leading to a close within the downward channel. The current state of the market can be described as indecisive, as there is a lack of clear direction or...

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The recent move in the Banknifty following a breakout has been quite remarkable. Within just two trading sessions, the Banknifty has surged from 44000 to 44950. This rapid movement is a testament to the volatility and unpredictability that can occur in the market. It is interesting to note that after a period of consolidation lasting 10 days, such a significant...

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After a week of consolidation, BNF (Bank Nifty) finally made a breakout. The major hurdle at .44122 was successfully crossed today as it moved to 44500, hitting our first target of 44429. Based on the flow of the market, it is anticipated that BNF (Bank Nifty) will reach the second target of 44988. For tomorrow's market, it is likely to fluctuate between the...

Chethan333

The Nifty index has recently closed above the major trendline, indicating a potential bullish trend. However, it is important to note that the index is still within a defined range. Therefore, a cautious approach is advised. With that being said, a more optimistic outlook can be assumed if the Nifty index manages to stay above the level of 19488. For...

Chethan333

Banknifty has been trading within a range of 44122 to 43750 for the past three days, displaying a considerable amount of volatility within this range. The market seems to be indecisive regarding its direction, as it has been unable to break out of this range. Traders and investors are closely monitoring the situation, waiting for a clear indication of the market's...

Chethan333

The Nifty index experienced a rejection at the marked level of 19480, as it failed to surpass this point and closed within the range of 19360 to 19480. This indicates that the whole market is currently trading within this range, suggesting a period of consolidation or indecision among traders. Tomorrow's market movement is likely to be determined by whether it...

Chethan333

The BNF (Bank Nifty) currently resides within the range of 43600 to 44200. In order to anticipate a significant movement in the market, it would be necessary for the BNF to break out of this range. Until that occurs, the market is likely to remain relatively stable within this range. Traders and investors should closely monitor the BNF's behavior and watch for any...

Chethan333

Over the past three days, the Nifty index has exhibited a consistent pattern of closing at the same level. The index has been opening with a gap down, indicating a lower opening compared to the previous day's closing price, but has managed to close positively. Currently, the Nifty is precisely trading within the range of 19360 to 19480, suggesting a relatively...

Chethan333

Nifty in the range of 19450 to 19650.Too a volatile market and the 19630 level tested 3 times already. if the nifty open gap up or flat tomorrow, we can expect the nifty to touch 19680,19745 levels. On the downside, it will create a range between 19630 to 19530.