Chethan333

Chethan333

The Nifty index recently experienced a significant increase, reaching a peak of 20,000. However, within a span of just three days, it saw a decline to 19,670, which amounted to a 330-point decrease. This puts us at a key retracement level of 50%. It is important to note that if the Nifty index closes below 19,650, it may indicate a potential sharp fall in...

Chethan333

The BNF (Bank Nifty) is currently forming a symmetrical downside trendline with consolidation. This pattern suggests that the index is experiencing a period of indecision, with the potential for a downward movement. However, a crucial level to watch out for is at 45904. If the BNF breaks below this level and sustains its position below it, it is likely to...

Chethan333

Bank Nifty is currently at ATH (All Time High) and has reached a lifetime high of 46369. However, it recently formed a daily bearish doji candle. On the weekly chart, BNF is showing an ultra-bullish trend. It will remain bullish as long as it does not close below the crucial level of 45450. The range between 45700 and 45450 is considered an important...

Chethan333

On Thursday, the Nifty index reached nearly 20000, indicating a positive momentum. However, on Friday, there was a significant decline in the market, with the opening price being much lower than the previous close. This suggests substantial selling pressure in the market. It is too early to determine whether this is a correction or profit booking, but if...

Chethan333

Nifty is currently experiencing a remarkable surge, entering into a skyrocket mode. It is consistently opening with significant gaps and maintaining its upward momentum, continuously reaching new daily highs. It recently came close to the impressive milestone of 20,000, touching a remarkable 19,991. The movement of Nifty is characterized by a strong and persistent...

Chethan333

Yesterday, as we discussed, the market broke through the resistance level at 45850, indicating a bullish trend. Today, the market continued its upward momentum and reached a new all-time high at 46250. Tomorrow, if BNF (Bank Nifty) opens with a gap up again, it has the potential to reach a new All-Time High (ATH). However, if it opens...

Chethan333

BNF (Bank Nifty) exhibited a notable market movement by opening the gap up. It successfully reached the resistance level at 45650, indicating strong bullish momentum. Following this, the market entered a phase of consolidation, where the price remained relatively stable within a certain range. For tomorrow's market outlook, we can...

Chethan333

Nifty from 18600, is moving in a single direction and touched 19800. More than 1200 points in one way direction. everyday Gap up and closing with a positive note.1200 points rally without a retracement. For Nifty main resistance is 19800 and the immediate support is 19545. within one or two weeks Nifty may correct 400 to 500 points.

Chethan333

As we discussed yesterday BNF touched ATH (opened above the ATH(45650), touches 45905). The opening itself is a gap of 300+ points and in a flow, it went up to 45900. Then severe selling came and closed with -500 points from the high. Until BNF closes above 45225, BNF is completely bullish, and its immediate target is 45650.if it closes below 45224 then...

Chethan333

BNF breaks the trendline and moved like a rocket and almost closed near ATH. BNF can touch ATH and make a double top then it may see a reversal.

Chethan333

Nifty is looking ultra bullish and Friday is only the IT sector day.BNF is still in consolidation mode. If BNF joined along with IT, then Nifty can touch 19700+. Nifty consolidated more than 2 weeks in a range of 19300 to 19500. but it broke on the upside on Friday and closed at ATH. we can expect some more positive movement on the Nifty. Reliance and HDFC...

Chethan333

BNF is trying to go down and every day it is breaking yesterday's low and after 2.30 pm it is recovered. Now The BNF is in the consolidation mode and it's time to break on a single side.IF its breaks 44925 and sustains above this on the daily candle,we can expect the 45155,45222 and 45400 again. BNF looks weak only if a daily candle close below 44500. HDFC bank...

Chethan333

BNF made huge volatility, a swing of 500 points. for the 4 days, Both Nifty and BNF opening huge gap up and afternoon genuine selling is coming. morning gap is sustaining, afternoon selling is coming and totally making a range. If tomorrow BNF is opens flat or negative then the market is completely negative and the target will be 44550,4444 and 44349(0.6 Fib...

Chethan333

Banknifty Touches 0.5 Fibonacci retracement. From this BNF either take directional momentum. If it touches the 0.61 level(44350) we can take a completely bearish position. Longterm stop loss is at 44932. If it sustains above the 0.5 retracement level it will be completely bullish market.

Chethan333

Banknifty is making the Pole and flag pattern.BNF is opening Gap Up for the past 3 days and coming to sell off for the second off and breaking every previous day's low. The market is bullish only if it sustains above 45222. If it crosses today's low (44663) next target is 44400 and stop loss is 44920.

Chethan333

Banknifty forms a gravies doji candle and it is created on the top. This candle especially tells about monir correction or reversal. if BNF closes below 44750,then we can expect some bigger correction (1500 to 2000 points) Buying is seen in BNF only if closes above 450133. It's time to be cautious.

Chethan333

Nifty forms a bearish hammer candle on a weekly basis. July 1st week the market touches ATH of 19523. from 19522 market closed at 19331 by making 130 points. For coming week is a crucial level to take the decision. Nifty from the past 12 weeks moving higher and not even a single week it closed below the last week low. if Nifty closes below 19230(Lat week low)...

Chethan333

Nifty closed negative with a decent volume. For next week the first target is 18544-second target is 18200.Selling came from the top at 18886 and closed at 18665 with 221 point loss. Next week is confirmation for trend either bearish or bullish. Next week we can expect Bearish or bearish to range bound market.Banknifty looks week too.Its also Bearish Mode.