Nifty Bank Futures Key Trading levels for12th Oct 2021
Nifty Bank Futures Key Trading levels for12th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
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Bankniftyprediction
Nifty Bank Futures Key Trading levels for 8th Oct 2021
Nifty Bank Futures Key Trading levels for 8th Oct 2021 ( Reposting)
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Bank Nifty Update for 07th October 2021Bank Nifty Update for 07th October 2021
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Bank NIFTY Swings are very tricky to pick, The Index has given a good correction and invalidated the previous impulse.
Now the impulse that we saw in yesterday's trading session should give a correction and from there we’ll set up our trade for today.
BANKNIFTY has closed in a no trading zone in the previous trading session.
37,820 to 37,900 is resistance zone, and 37,600-37,650 will act as a support.
We may not see a breakout/breakdown of this range today as today is Expiry and there are high chances of range-bound markets, but in case Index breaks the range then we’ll trade according to the Intraday data.
Trade Accordingly!
NiftyBank Key Support & Resistance for 6th Oct 2021NiftyBank Key Support & Resistance for 6th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together
Bank Nifty Update (08 September 2021)
Banknifty Update (08 September 2021)
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Will Banknifty reverse?
Banknifty is in a no trading zone and is trading in a narrow range.
The index has shown Volatility & roller coaster moves in the previous trading session.
Banknifty has formed two Harmonic XABCD & Half Bat Pattern: Here's the trade setup for today:
Range High: 36,700
Range Low: 36,390
Aggressive traders can open short positions from 36,790; Risk to Reward will be highly favorable.
36,700 will act as an Intraday resistance. Buy if the level is broken.
36,390 will act as Intraday support.
Sell below only 36,390 if price closes below, for the targets of 36,300 followed by 36,150.
36,140 is important to support more pain will be seen if the price closes below the level.
WAIT FOR BREAKOUT or BREAKDOWN of the Range
Trade Accordingly!
Bank Nifty and Nifty Prediction for WednesdayGlobal markets are currently stable with no signs of panic or profit booking.
Indian market is receiving constant flow of new money which is pushing it to fresh all time highs.
In this background, there comes a news that impact of COVID-19 on Indian Economy is not as bad as it was thought earlier.
Therefore, there is no resistance as of now to stop Nifty from scaling fresh all time high. The current resistance level of 17132 (Futures chart), if surpassed, will force more Short Sellers to
cover their positions and give further upwards push to Nifty and if downward move starts, Support is pegged at 16705 only which indicates downwards move will be brutal for the PUT Sellers.
In comparison, Bank Nifty Futures chart is showing resistance at 36650 (see image below):
If this level is surpassed, there will be fresh upwards push for Bank Nifty while immediate downwards Support is pegged at 36364.
Bank Nifty Intraday Trade Setup for 24th September 2021We have seen a gap up opening in Banknifty Index in previous trading session and a fall was seen from the day high which was made in the morning.
The Index fully recovered in second trading session as it was forming a fresh range.
Current range is our Intraday levels, if price crosses 35260 our Harmonic half bat and XABCD patterns will get activated and we can see the upside targets of 35,400 and 35,641.
Downside momentum will be seen below 35,080 below that price can correct till 34,800
Total range is of 750-800 points, trade accordingly.
BankNifty Prediction & Analysis [12 Aug 2021]BankNifty Prediction and Analysis For Tomorrow
Bank Nifty Spot Levels to watch out for trading on 12th Aug 2021
Long Opportunity:
1. Price breaks out of 36100 and retests the level again is a good support to go long.
Short Opportunity:
1. Gap down opens below 35520 and stays below 35500 for some time and retested back the 35500 levels is a good resistance zone to short Bank Nifty.
2. Gap Up opens but face resistance near 36100 and breaks the upward trendline is a good area to short
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