banknifty may fall 2 to 3k points from spot pricefrom the beginning im saying market is beyond technicals just trade based on sentimaents
Bankniftyshort
Bank Nifty ----- Where is the bottom ???NSE:BANKNIFTY
As of now... pure panic selling pressure is hammering and warning is stay out of all long positions till the time dust settles.
Sell on every rise and take limited risk, advised keep SL in system. Don't speculate , speculation do not work in these times.
Important : Keep washing your hands it will save u from COVID-19, close all positions and just watch the show, let the big boys settle the game.
Bank Nifty weak on higher levelsWatch out for upper levels.......going short on break of mentioned level will be a good idea.....respect risk
it will not be easy to bounce back for banknifty from support.there are lots of issue in banking sector, so it will take lots of effort to bounce back from support. circumstances are not favour in banknifty.
BankNifty Intraday Trading Strategy [Mar 05, 2020]The trend remains negative for today. So, you can adopt a short strategy in any kind of pullback near its resistance levels.
Bank Nifty Intraday Trade Setup for 25th February 2020Hello everyone.
Well Ban nifty Index is weak since a month ago but world economy has been suffering from corona virus threat. Yesterday downfall in Nifty and Bank nifty is come from corona virus Threat. Market is still bearish and we can see an another downfall today so we need to focus on sell side . There is 2 levels for short.
1st : Sell If Index break yesterday low and sustain lower then 30000
Second : In case market give a up move and test 30500-30600 Then sell from top .
BankNifty Intraday Trade Setup [Feb 24, 2020]Short BankNifty if it is unable to give breakout above the green trendline and also closes below 30930 levels.
BankNifty Day Trading Setup [20 Feb 2020]If BankNifty breaks the trendline with a strong selling volume, then you may witness 30500 levels. However, it may touch 31150 if it gives a breakout above 30930.
Moreover, I also found that there is a bearish divergence in 5 and 15-minute charts which may be valid for the first 30 minutes of trading.
Being an expiry day, Open Interest also suggests that expiry might be in the range of 30500 - 30100. So, I believe that 30500 will act as a support and 30100 will be a strong resistance level.
Blog: akme.co.in
Bank Nifty Intraday Setup 14 February 2020Bank nifty is on channel resistance . There is only sell position can be consider in Intraday .
1st Sell position if Index trade lower then 31190 if you seen any upmove in first session then sell from 31400-31450
Bank Nifty Intraday Trade setup for 11 February 2020Hello all,
Bank Nifty has made a narrow range in last 6 hours of yesterday #trading session same as #nifty does .
Long : 31150
Stop loss : 30950
Target : Open
Open short lower then 30940
Stop loss : 31150
Target : Open
Bank Nifty Intraday Trade Setup for Friday 07 FebruaryHello all,
We are accepting a correction yesterday from our harmonic prz levels. It's give around 200 points correction exact from harmonic 1.13 levels but RBI policy changed the market mood and movement . as per behavior wise Bank nifty is still bullish . Consolidate on resistance area is a dangerous sign. Today Range is 31050 to 31490 . We can see an another bull run if sustain above 31500. Bear is sleeping and can back in the action lower then 31040 so mark these levels and setup your trade on it
Bank nifty Trade setup on 29 January 2020Ranges are set as per previous data of BankNifty Index and Levels also were given you tube and posting here now.
BUY:31050 TG:31180/31300/31370 SL:30920
SELL:30640 TG:30510/30400/30230 SL:30780
Bank Nifty Live Trading Idea on 26th November 2019Consider watching the video to get the Intraday Levels for 26th of November
Buy Above : 31820 sl: 31700 sTarget : Open
Sell bellow : 31600 sl : 31700 Target: Open
Intraday to 2 trading session . Bank nifty stay shortGo short in bank nifty for target as mentioned in the chart, volatility is there but good to go sell on rise.
Bank Nifty Live Trading idea for 13th November 2019Bank Nifty Live Trading idea for 13th November 2019
Short on BankNiftyBank Nifty could make a down move to complete the corrective pattern and give RSI divergence, as shown, before the up move. A similar move can be expected in Nifty (as shown in the link).
BankNifty Bearish set upBank Nifty presented a very interesting set up on Friday 5th July 2019.
WIth higher high but sliding RSI, it shows a bearish setup.
For Monday 8th July,'19 unless the 5th July high is taken out, the outlook is bearish with 31000 as next support.
SHORT BANKNIFTY FOR TARGET OF 27200-27100BANKNIFTY IN OVERBOUGHT TERRITORY.
SHORT BANKNIFTY FOR TARGET OF 27200 WITH STOP LOSS OF 28000 OR
Negative divergence seen in Bank Nifty ChartNegative divergence seen in Bank Nifty Chart - 15 Min and Hourly.
If Bank Nifty sustains below 27650, we may see 27560.
View negated if RSI breaks the trendline.
Bank Nifty situation is little critical, take a lookHello Guys,
1) With multiple issues popping on like DHFL 2) no much actions taken after IL & FS 3) more conversions from Debt to Equity like SBI's JetAirways deal 4) Farmers loan waivers
Considering these points, PSU's Banks situation is not good so it will look correction.
Plotted a H& S targeting to H&S neckline, we can review after the Neckline break.
Trade on break of trendline :) Good luck with your trades.
BANKNIFTY : Bears Just A Step Away !EW Analysis :
BN is in pullback mode from lows of 24400 and is showing a clear abc pattern on upside.
Trend Breakdown :
BN breached the up-trend in Sept 2018 which started from Mar 2016 and is now retesting the up-trend support which now becomes resistance for BN.
Supertrend Resistance :
Any weekly close above 27800 on BN would change the bearish signs to an overall bullish position. But if BN closes below 26800 on weekly, it would open lower levels for BN.
Head & Shoulder Pattern :
BN is clearly showing a H&S pattern.
Now with 1 bullish close of above 27800 on weekly vs 4 bear case scenario: Lets see who wins.
With Budget 2 weeks away on 1st Feb --
Long above 27800 on Weekly Close !
Short below 26800 on Weekly Close !
