Bankniftyanalysis
25/01/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap up is going to open
After A Gap up opening if Banknifty sustain above 428000 and taking support from 428000 then open target for T1-43000,T2-43200,T3-43300
If the Banknifty after a Gap up opening sustain below last day low 42600 and making resistance below 42500 then the open Targets for T1-42400,T2-42200,T3-42000
Major Levels 42800,42500,43000
Level for expiry day Hello Traders,
As expected, we faced resistance at 43000 and there was a profit booking of nearly 400 points upon it failed to hold above 43000.
In an hourly time frame its looking like index was re-testing the breakout and there is an upside possible till index holding above todays low i.e., 42620 but 42850 & 42900 range can act as very important resistance. If index reversing back and breaking 42620 then we may see a good down fall.
Have a profitable monthly expiry.
Thanks for watching!
24/01/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market Gapup is going to open
After A Gapup openaning if Banknifty sustain last day high above 430000 and taking support from 430000 then open target for T1-43200,T2-43400,T3-43500
If the Banknifty after a Gapup opening sustain below last day low 42700 and making resistance below 42700 then the open Traget for T1-42500,T2-42300,T3-42000
Major Levels 42700,42500,43000
Banknifty Accending Expanding TriangleBanknifty Accending Expanding Triangle
This is a sign of Neutral pattern
its Making HH and LL which stands Higher High and Lower Low
when it touch upper side its must go down (Probability 95%)
when it touch Lower side its must go Up (Probability 95%)
"Don't Take One More Trade "... story of a successful trader.
Banknifty New RangeBanknifty New Range
PCR below 1 --- Oi still increasing in the call side
USD INR - upside mean market going down
after touching his higher point its several times playing to go down
before taking a strong support it cant go high
Probability to touch previous day price line as per pivot
200 EMA play just like support-Resistance indicator