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Bank Nifty Analysis: 18-05-2023 a) Scenario 1: Bank Nifty will form an inverse H & S pattern. If it will be formed, then a huge upside is there. The following days will prove. b) Scenario 2: Trendline which is in blue controls tomorrow's (19-05-2023) market then the downtrend will continue.

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Bank Nifty Analysis: 17-05-2023 HDFC Bank and ICICI Bank's trends are very weak. ICICI Bank has broken its major trendline today. So, Bank Nifty went down today to the 43438 level and hence took support there as we discussed yesterday. In the chart, the market is within the channel. If the channel is broken (upper or lower side) tomorrow, then the market will...

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Nifty Analysis:17-05-2023 I divide this analysis into two. The first one is Reliance Industries and the next one is Nifty. a) As discussed yesterday, RIL has broken its crucial support 2438 level. In the 30-minute chart, RIL is controlled by 200ema. If the same continues for tomorrow (18-05-2023), then the next support will be the 2383 level. Further, it will...

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Nifty Analysis:16-05-2023 As expected, the reliance industry trend decided the trend of Nifty once again. Crucial support for RIL is the 2438 level. If it is broken, then the trend will be weak. Further, it will reflect in nifty too. Strong support for nifty is 18140 level. Levels are given in the chart for 17-05-2023.

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Bank Nifty Analysis: 16-05-2023 From the last 30-minute chart, it is observed that the market took support at 50 ema. Once 50 ema is broken, then the next support will be the 43758 level. This point is crucial for BN. Suppose it is broken on 17-05-2023 then the trend will reverse. On the other hand, if the market is sustained above 20 ema then the regular trend...

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Nifty Analysis:12-05-2023 Nifty formed a triple top on 12-05-2023. Further, Just, look at the reliance industries chart, triangle breakout/down will decide the trend of Nifty on 14-05-2023. Levels are given in the chart.

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Bank Nifty Analysis:12-05-2023: On 12th May 2023, BN's momentum was upward. The purple color trendline will be broken on 14-05-2023, and a downward momentum will start. The first target will be the 43556 level. The second target will be the 43350 level. Otherwise, if the channel is broken towards the upper side, then BN will move up to the 44240 level in one or...

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Nifty Analysis:11-05-2023 As expected, RIL has broken its trend. So, Nifty was not able to move upwards. Now, Nifty has formed H & S pattern. Also, Nifty, in 15-minute charts, takes support at 50 ema. Once it is broken downside then the huge move will be there upto 200ema in intraday(12-05-2023).

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Bank Nifty Analysis:11-05-2023 Today, BN hit our first target upside of the triangle breakout in the first 15 minutes and hence the market was consolidated. Also, an "M" pattern has been formed. Tomorrow (12-05-2023), intraday will be trending once the channel is broken. Levels are given in the chart.

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Nifty Analysis:10-05-2023 Today, Nifty took support at a 61.8% level. Further, reliance industries were in consolidation mode and are getting weak. So, Tomorrow (11-05-2023), Nifty will move with respect to RIL, HDFC (twins), Kotak Mahindra Bank, and IndusInd Bank (see our Bank Nifty Analysis). Levels are given in the chart.

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Bank Nifty Analysis: 10-05-2023 Bank nifty, in 15 minutes chart, lies above 50 and 200 ema. Further, triangle patterns are forming. Tomorrow (11-05-2023), we wait until this triangle is broken either upside or downside (it depends on the breakout in Kotak Mahindra Bank, HDFC Bank, and IndusInd Bank). If those banks move positively then the tremendous move will be...

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Nifty Analysis: 09-05-2023: Today 09-05-2023, Nifty has formed a Head & Shoulder Pattern. Tomorrow's levels are given in the chart. Education purpose only. Do your own analysis.

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Bank Nifty Analysis: 09-05-2023: Today BN hits our first target downside. Tomorrow (10-05-2023), I expect mild bullish for 2 hours because in 15 minutes charts it takes support at 200ema. Once it crosses and sustains 50 ema I will go to long. Suppose the trend will be controlled by 50 ema towards down then I go to short.

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Bank Nifty Analysis: 08-05-2023 Today Bank Nifty hits our first target upside. Tomorrow's (09-05-2023) levels are given in the chart

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Nifty Analysis: 08-05-2023 Today Nifty hits our target upside. Tomorrow's (09-05-2023)levels are given in the chart.

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Nifty Analysis:05-05-2023 Nifty went down to the 18069 level. Nifty levels for 08-05-2023 are given in the chart

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Bank Nifty Analysis: 05-05-2023 Big fall in BN. levels for 08-05-2023 is given in the chart

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Nifty Analysis: Today (04-05-2023) Nifty has hit our target on the upside. It tremendously moved up to 18268. Our target is 100% completed. Tomorrow, we must wait until any one of the chart patterns is formed before going to take a position.