BANKNIFTY analysis for Monday ❗❗
Hii Traders 😊 ,
Welcome to BANKNIFTY Futures and options analysis for friday
◽ Banknifty weekly pivot is at 37493
◽And monthly pivot is at 37328 briefly explained below I hope that it will help you, do like ,share , follow for more ...
🛑 if we see day frame chart of BANKNIFTY currnetly trading above 50 Day , 100 Day moving averages
🛑 Taking support at 21Day MA and good thing is closed above the 21DMA
🎯 Key levels to watch out for day trader
🛑 Major resistance zone for BankNifty is at 37550-37650
◽ If market breakout resistance then we can see Target of 37900
◽ Whenever until breakout that resistance level don't trade
◽ Stop loss will be 37450
🛑 Major support level for BankNifty
◽ Support level for nifty lies at 36950-36850
◽ Whenever until breakdown this level don't take a trade
◽ if Market successfully breakdown this level then we can take a trade
◽ And we can see the Target 1 will be 36650
◽STOP loss will be 37050
◽ Market will be indecisive between 37700-36900
🛑levels for banknifty futures will be also same
◽Go long on banknifty Futures if it breakout the resistance
◽ Don't short the market until below the 37000
Don't take a trade if market open above or below our levels bcz market don't like gaps let the market to consolidate first and then take a trade
🛑 TRADESHOTS
◽ Resistance level for CE buyers /option buyers is at 37550-37650
◽ support zone to buy PUT / PE is at 36850-37950
◽ BankNifty will be weaker below the 37300
◽ Banknifty weekly pivot is at 37493
◽And monthly pivot is at 37328
Thanks for reading 😊
I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊
Welcome to BANKNIFTY Futures and options analysis for friday
◽ Banknifty weekly pivot is at 37493
◽And monthly pivot is at 37328 briefly explained below I hope that it will help you, do like ,share , follow for more ...
🛑 if we see day frame chart of BANKNIFTY currnetly trading above 50 Day , 100 Day moving averages
🛑 Taking support at 21Day MA and good thing is closed above the 21DMA
🎯 Key levels to watch out for day trader
🛑 Major resistance zone for BankNifty is at 37550-37650
◽ If market breakout resistance then we can see Target of 37900
◽ Whenever until breakout that resistance level don't trade
◽ Stop loss will be 37450
🛑 Major support level for BankNifty
◽ Support level for nifty lies at 36950-36850
◽ Whenever until breakdown this level don't take a trade
◽ if Market successfully breakdown this level then we can take a trade
◽ And we can see the Target 1 will be 36650
◽STOP loss will be 37050
◽ Market will be indecisive between 37700-36900
🛑levels for banknifty futures will be also same
◽Go long on banknifty Futures if it breakout the resistance
◽ Don't short the market until below the 37000
Don't take a trade if market open above or below our levels bcz market don't like gaps let the market to consolidate first and then take a trade
🛑 TRADESHOTS
◽ Resistance level for CE buyers /option buyers is at 37550-37650
◽ support zone to buy PUT / PE is at 36850-37950
◽ BankNifty will be weaker below the 37300
◽ Banknifty weekly pivot is at 37493
◽And monthly pivot is at 37328
Thanks for reading 😊
I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.