BANKNIFTY Chart Analysis for Friday ❗
Hii Traders 😊
Welcome to BANKNIFTY Futures and options analysis for friday
🛑 if we see day frame chart of BANKNIFTY currnetly trading above all moving averages ie . 21 Day , 50 Day , 100 Day
🛑 Banknifty may take support from 21Day moving average currnetly 21 Day moving average is at 37150 whenever until banknifty managed to trade above this level then market sentiment will be positive
🎯 Key levels to watch out for day trader
🛑 Major resistance zone for BankNifty is at 37900-37950
◽ If market breakout resistance then we can see Target of 38100
◽ Whenever until breakout that resistance level don't trade
◽ Stop loss will be 37800
◽ Whenever until banknifty didn't closed above 38150 then we can expect short term correction
🛑 Major support level for BankNifty
◽ Support level for nifty lies at 37300-37350
◽ 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 37000
◽Target 2 will be 36850
◽STOP loss will be 37450
◽Use Target 1 as trailing Stoploss to achieve 2nd target I sure you will not gone loose money for market
◽ Market will be indecisive between 37300-37950 (I also told this in yesterday's market analysis you check whether it's right or worng)
🛑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 37300
◽More shorter's were active when Banknifty traded below 37300-37250 zone
🛑 TRADESHOTS
◽ Resistance level for CE buyers /option buyers is at 37900-37950
◽ support zone to buy PUT / PE is at 37300-37350
◽ BankNifty will be weaker on intraday basis below the 37600
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
🛑 if we see day frame chart of BANKNIFTY currnetly trading above all moving averages ie . 21 Day , 50 Day , 100 Day
🛑 Banknifty may take support from 21Day moving average currnetly 21 Day moving average is at 37150 whenever until banknifty managed to trade above this level then market sentiment will be positive
🎯 Key levels to watch out for day trader
🛑 Major resistance zone for BankNifty is at 37900-37950
◽ If market breakout resistance then we can see Target of 38100
◽ Whenever until breakout that resistance level don't trade
◽ Stop loss will be 37800
◽ Whenever until banknifty didn't closed above 38150 then we can expect short term correction
🛑 Major support level for BankNifty
◽ Support level for nifty lies at 37300-37350
◽ 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 37000
◽Target 2 will be 36850
◽STOP loss will be 37450
◽Use Target 1 as trailing Stoploss to achieve 2nd target I sure you will not gone loose money for market
◽ Market will be indecisive between 37300-37950 (I also told this in yesterday's market analysis you check whether it's right or worng)
🛑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 37300
◽More shorter's were active when Banknifty traded below 37300-37250 zone
🛑 TRADESHOTS
◽ Resistance level for CE buyers /option buyers is at 37900-37950
◽ support zone to buy PUT / PE is at 37300-37350
◽ BankNifty will be weaker on intraday basis below the 37600
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.