Good Morning Everyone, The Index is still weak until it's not closed above 40,200, which is far away from the current price, but this is the level we need to consider as a trend reversal. Moves and momentum both were missing at this point, so you guys must be cautious when trading in the Bank Nifty Index. Intraday Resistance : 39,000 The Key Resistance is:...
s3.tradingview.com Good Morning, Everyone. I hope you guys have enjoyed this long weekend. Now time to go back to work. First, Our Market has been closed Thursday and Friday sessions, but India USD and Sgx are both open. India USD is trading on 17,987, which is a clear sign for a gap-up opening. I did some analysis yesterday and found that the IT and Auto...
Bank Nifty Trade Setup for 08th Nov. 2021 ================================== Bank nifty is always tricky and more complicated than other scripts. Moves are unexpected Intraday. The Nifty is showing strength, and banking is not. Hard to see a trending day in the nifty bank Index, and the higher chance is that Index can move both sides and be volatile, so be...
Good Morning, Everyone. I hope you did well in yesterday's trading session and made some good money from our analysis. Nifty fell exactly from our given level in yesterday's trading session and closed at 17,888.95. The sentiment is still negative, and 18,000 to 18,050the whole area is a considerable supply zone for nifty 50, so you need to be careful in your...
Bank Nifty Update on 03rd Nov. 2021 ============================== In yesterday's trading session, bank nifty has given a sharp recovery and tested the key resistance (40,100). This level is crucial because of the multiple resistance zone, trend line, plus harmonic half-bat pattern. The index is goona volatile in today's trading session, so you guys must be...
Good Morning Everyone Bank Nifty is more tricky than the nifty 50 Index and gives wild swings in the Intraday. We have seen a double bottom pattern in the Friday trading session in the 15-minute time frame, a trend reversal pattern. It would be best if you also remembered the hourly trend. The best strategy is selling from the rise. Key Resistance is 39,800 to...
Good Morning I hope you guys had a great weekend We were closed on Friday at 17,671, which was almost 1.04% negative from the previous trading session. The index looks weak here and can correct more in the upcoming days. FIIS profit booking is continuing, and this is the main reason for a current downfall. Over than 63,000 crores Cash out from the market, which...
NSE:BANKNIFTY Bank Nifty Update for 25th October 2021 ============================== BANKNIFTY Index is trading at all time high levels as it has recently given a breakout of flag and pole pattern which is a bullish price action pattern. Here's the trade setup for today: INDEX has formed a Harmonic ABCD pattern: For buying: The pattern will be activated above...
OANDA:IN50USD Nifty Update for 25th October 2021 ============================== A sell-off/profit booking was seen in the market last week. Index has given a small bounce from the support levels. Here's the trade setup for today: Today we are going to use two charts with different time frames to get a better view. As per IN50USD chart we have a 200 point...
Hey all , Hope you all doing good in this lock down :P Today I am sharing my another Idea for mid and for Long term swing . Script Name : ADANI POWER 1st Buy : 21 Second Buy : 18 Third Buy : 15 Average Buy : 18 rupees Stop Loss : 11 Target : 30/41/58/73 Long and for Mid term Holding
NIFTY50 INDEX has given a non-stop rally from 8th October and made an All-Time High of 18,600, from where we have seen a selloff. Bear Sentiment is on and it will continue if the low of 18,380 is broken. High probability trade is on the short side as Index has formed a Harmonic Half Bat pattern and its neckline is placed at 18,380 Consider a short position...
The Banknifty index has given a non-stop rally after the range shift. The Index has given an impulsive wave and we already know that every impulse has a correction. Now the Index has a wider range. If the index opens gap up then we will be selling from the high point of 39,750-39,800 Or We will consider a short position below 39,390 which is also the...
BANKNIFTY Index has made an ALL-Time High in the previous trading session and has given a one-sided short-covering move. The Index has a much wider range now and has been seen trading in a bullish uptrend channel which is valid since 27th July. Now the range is 1400 points which is a wide range for the Index. We may see a breakout of the channel on the upside...
We will see a flat to a positive opening in Indian Indices today as per IN50USD data. NIFTY50 Index is trading at a supply zone/PRZ zone which we have calculated using our HARMONIC XABCD Pattern. Today Index has a narrow trading range, and we may see the Index trading on both sides today. Nifty Major resistance 18,400 levels. 18,240 will act as a support....
Good Morning Everyone, In yesterday's trading session, The Index has managed to close above 18,000, a sign of strength. We know the trend is still bullish, and the index has broken an Important level, but the main question is intraday because of both sides' moves. Intraday is very tricky in today's trading session because only 24 hours left in the expiry. The...
Hello Everyone, Bank Nifty has a significant role in the current market rally. PSU and Private banks have given a good performance, and can this rally can be continued in the result season. Our target is still open from 38,900 to 39,000. You guys need to understand the bull market behavior. An hourly Low is crucial because it holds the whole trend and a high...
Hope you guys have done well in yesterday's trading session. The index has breached their psychological resistance by 18,000 but failed to close above then it. The market structure is bullish in the hourly time frame and making higher highs. Harmonic ABCD pattern has given a dot reversal in yesterday's trading session and this level is valid for today's trading...
Bank Nifty Trade Setup for 12th October 2021 ===================================== Our first target has been achieved in yesterday's trading session and the Index has given a dot reversal from the first harmonic prz. The Index is still bullish and tests our second target (38,766) as well. But the main question is when and how ... You guys need to remember that...