Chethan333

Chethan333

BNF opened flat and broke the solid support level of 44888 &44787 and in the first half market fell nearly 450 points .but during the second half it recovered completely and closed exactly in the same range.44750 to 44920 will be the no-trading zone. for tomorrow, if the market is flat or above 44920, we can expect up to 45122. if BNF opens gapdown 44788 then it...

Chethan333

Finnifty is at the resistance level. if it crosses tomorrow a small upside we can expect. if Finifty crosses below the trendline then we can go for short. and expect good target zones on the downside. Expecting bearish weekly expiry in Finnifty

Chethan333

Nifty is positive today and forming a small upside formation. Nifty is still in the range and nearer to the resistance level of 19620. if nifty closes below 19620 we can see selling pressure in nifty in the coming da

Chethan333

Banknify consolidated completely today and formed a triangle pattern. breaking a triangle on any side will be a 200 points movement.

Chethan333

NIfty after so many weeks it closed below the previous weekly close.according to weekly chart ,still nifty is showing the positive momentum .only will expect big move on upside only If it croses 19650.and in the downside 19388 and 19233 will be act like good support.only selling presire below these levels. for tomorrow ,Nifty and BNF both are similar formations...

Chethan333

There is a formation of a downtrend channel, any side breaking will be a big move. If we closely observe there is a reverse head and shoulder formation. If BNF crosses 45055 then the next move will be 45350 and if breaks below 44700 then the next move will be 44500

Chethan333

The Banknifty index opened with a significant gap down and, after a brief consolidation, continued to decline. At one point, it showed signs of a recovery, but ultimately broke the psychological level of 45000 and closed below it. This suggests that sellers have taken control of the market, indicating a bearish sentiment in the Banknifty index.

Chethan333

Yesterday, the market opened with a gap down, indicating a lower opening compared to the previous day's closing price. This led to a selling spree that continued throughout the day, resulting in a consistent selling trend. Based on this, it is likely that tomorrow we can expect another gap down opening in the market.

Chethan333

The Nifty index opened with a gap up, indicating a positive start to the trading session. However, shortly after the opening, selling pressure emerged, resulting in a consolidation phase with a negative bias. Despite this, the Nifty index managed to close the day almost unchanged, ending the session on a flat basis.

Chethan333

Bank Nifty, is experiencing a triangle breakout. This indicates that there is a high probability of a significant move in either direction. Traders and investors should be aware of the potential for a strong upward or downward price movement. This breakout offers an opportunity for profitable trades, as both sides of the triangle present a chance for a...

Chethan333

In the month of July, the BNF (Bank Nifty) showed an impressive rally, demonstrating strong market performance. However, during the last week of July, there was some profit booking observed, leading to the emergence of a red candle on the weekly chart. This red candle covered more than 50% of the previous big green candle, indicating a potential shift toward...

Chethan333

Upon analyzing the weekly charts in Nifty, it is evident that there is a negative to consolidation bias present. This can be observed through the rejection experienced at the 20000 level, followed by another rejection at 19870. However, despite these rejections, there is no significant volume selling occurring in the Nifty. Instead, it found support at the...

Chethan333

The BNF movement for monthly expiry has shown a significant gap up, followed by a swing of more than 700 points, bringing it to the lowest point. Interestingly, at the top, BNF is forming the M pattern, indicating a potential reversal in the near future. Based on this pattern, it is anticipated that if BNF breaks the 45650 level, there could be a...

Chethan333

Yesterday, the Nifty chart and levels were shared, and today, the market opened with a gap up, reaching the resistance level that was previously marked at 19854. From this level, selling pressure emerged, resulting in the market touching the 50% Fibonacci retracement level at 19600. Over the past four days, the market has been consolidating with...

Chethan333

Yesterday, the Nifty index closed below the trendline, indicating a potential bearish move. However, today, there was a gap up opening, which means that the opening price was significantly higher than the previous day's closing price. Moreover, the index managed to quickly cross the resistance level of 19,752, suggesting a shift in market sentiment....

Chethan333

Yesterday, the BNF (Bank Nifty) closed below the trendline and exactly at the resistance level. However, today it opened with a gap up and managed to sustain above the trendline. Notably, it respected the previous resistance level as a support level. Finally, it closed at 46062. This suggests a potential bullish momentum as it successfully broke...

Chethan333

BNF experienced a significant gap in its opening, creating a notable difference between the previous and current trading levels. However, shortly after the initial surge, there was rapid selling activity. Interestingly, the price of BNF attempted to break through the 45700 level but instead found support at that point and reversed its direction. This...

Chethan333

Nifty started the day with a gap up, but soon experienced a sell-off from the top. Despite this, the overall movement of Nifty remained flat and rangebound, creating a volatile market on both sides. It is worth noting that Nifty consistently shows respect for levels and patterns in its trading behavior. For tomorrow, the immediate resistance level is...