Bankniftylong
BANKNIFTY DAILY REVIEW - 10 Sep 2020Bank Nifty witnessed a very volatile session and ended day with a cross Doji pattern, Technically bear still have a hold, but this doji suggesting they grip has loosen a bit.
Being a weekly closing tomorrow, it going to be a very important session and to see how it will open and how it will close tomorrow.
Support zone for tomorrow : 22267- 22225 , if held index may test 22750 levels, and break above which may move towards 23000 and 23300 levels.
And if it did not sustain the above support zone, it may head towards 21400 levels.
i am expecting a trending move tomorrow, will update if i observe any important price action formation during the day.
BANKNIFTY DAILY REVIEW - 2 Sept 2020In today's session, the index formed another inside candle, though the range gets smaller than yesterday's session.
One thing to note here is that the index is continuously protecting the previous day's low, which is an indication that the index might be trying to create a base.
This base formation can be clearly seen on the intraday charts ( 15 min).
Yesterday and today's session has created a good support zone around 23590-23540, as long as these levels are held, chances are more than either index will move in a range or maybe retest its recent highs.
The immediate resistance zone is at 24057- 24090, above which, it may test 24500 and 25000 levels on the upside.
BankNifty Trade Setup [31 Aug 2020]BankNifty Index view on 31st Aug 2020
Bullish view: If price stays above the brown trendline, then look for buying opporunity only. Enter only if it comes near the trendline and support level (Blue Horizontal Line). Look for price rejection near the key support zone.
Support Zone: 24390-24420
Bearish view: If price breaks the brown trendline alongwith blue support line and retest the trendline again, then look for shorting opportunity. Look for price rejection near the key resistance levels
Resistance Zone: 24390-24420
My Personal View: BankNifty likely to retest the trendline and may respect it. So, my view is bullish and I will wait for the retracement to enter.
Banknifty: Cup and Handle Pattern (Long Position)After consolidation, I am again bullish on Banknifty. Cup and Handle Pattern has formed on 15 min chart which is a bullish signal. You may see expiry between 21700 - 21900 in tomorrow session. Long your position for month expiry for targets up to 23000.
BANKNIFTY - Levels for TomorrowThere is a probability of Bat pattern on the banknifty Intracharts and the bat pattern prz is aligned with the major resistance of banknifty around 21060 levels
The support for index is around 20200 levels , hence watch price action near those levels, if we any correction in tomorrow session.
As per charts, if any correction if so happens in the index would most likely get absorbed.
Bank Nifty Intraday Trade setup for 20th April 2020Good Morning everyone,
Bank Nifty is follow Nifty Trend in short term and long term as well because some high wattage stock of Bank nifty is keep high stake in Nifty as well so it's Impact directly.
Resistance
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Bank Nifty major resistance area is 21472 which is also a B point for our one of our Harmonic pattern which is made in hourly time frame,
Support
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Bank Nifty key support can found on 18700
Trade setup for 20th April 2020
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1- We're also bullish in Bank nifty for today and buying side has 2 points.
A- If you see a gap down and price test 20000-20200 in first trading session at first half then go and build a long from this price level.
B- Second buy position can come if Index bullish in first half and break the Friday high which is 20827. Consider 20900 to build your long
2- Sell Bank nifty if 20600 break in Intraday.
Good luck and happy Trading
CodeViser
#NiftyBank #Intraday Trade Setup for 16th April 2020Hello everyone,
Bank Nifty is a white elephant in Indian stock market because for their volatile nature and everyone want to get ride on it but you guys need to remember this is not an easy task :P We have seen a 1200+ points down move in yesterday from the top ( 20178) .
Short Position
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Key Support is on 18650 and this level is so Important if you're looking for a short in Intraday. It's also a B point one of our Harmonic pattern and pattern will be activated if price sustain lower then 18650...
Long Position
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Long is bit tricky and has a very less room in upside . Long position can consider if price sustain above 19300 and has only 200-300 points in upside. Lot of day resistance is in upside so if you consider a long above 19300 then try to book profit before then 19600..
Note : Keep patience in first hour and get it settle at first. Do not rush for trades, wait for a clear move and setup your trade according the levels.
Good Luck & have an awesome day ahead
BANK NIFTY (15/04/2020) TECHNICAL ANALYSIS (CHARTING)For the last two trading session, Bank Nifty has been trading range bound. Following Technical analysis provides a better idea to how BANK NIFTY can trade on 15/04/2020 i.e. which depends on several factors like:
1. Adverse affect of the extension of the LOCKDOWN in the countries.
2. How the market across the world behaves.
3. Any financial packages announced by the union government on 15/04/2020.
4. Quarterly reports of several companies. Example - Wipro going to announce on 15/04/2024
So, As per my analysis, Bank Nifty if breakouts above 9951(approx 20000), One can see an uptrend in the BANK NIFTY. If BANK NIFTY breaks the lower thin support of 19160(approx 19100), One can see a down trend in the Bank Nifty.
Technical Analysis shows:
Resistance 1: 21300 - 21400
Support 1: 18350 - 18450
Support 2: 17100 - 17200
AVOID TRADING WHILE BANK NIFTY IS IN RANGE BOUND MODE.
Bank Nifty Intraday Setup for 01 April Expiry dayGood Morning Everyone,
#BankNifty #Intraday Range is 19623 to 18731 . Writers can be write 18700 PE and 19700 CE 1 April Expiry today . There is 90% chances That both of will be zero and has a good chance to make the awesome profit today. #Futures Traders wait for these levels to break to build your Position in Intraday or wait first 30 minute and setup your trade according it .
#intraday #Reliance #RelianceIndustries #RelianceMarkets #trading #tradingsignals #Nifty #nifty50 #banknifty