BEWARE OF SIDEWAYS MARKET... yet important levels markedsince today was a huge trending day. so tomorrow we will be a bit worried about the sideways market. but still, we have our important levels marked.
Bankniftytrading
BANK NIFTY VIEW - 24 Jan 2022The above levels are to be considered for Intraday.
If price is above the orange zone, can be bullish until the next red zone or line.
If price is below the orange zone, can be Bearish until the next green Zone or line.
If price is near our zones react and make target of next zones. SL of zones up or downside.
If zone to zones levels is long, make it half for scalping trade. as per price action
In between the zone, no trading zone.
Banknifty weekly analysisAfter 3 weeks of running up banknifty took a breath this week and closed in red.
Important level to keep an eye
Banknifty have to close above 38888 for two consecutive day to move more higher. Closing above this level will activate 41000 target.
On the flip side one day closing below 37000 will trigger 1500 points correction.
BANK NIFTY is about to break the support level sell and hold the bank nifty sell side check the graph everything is updated in the graph sell and hold the trade
BANKNIFTY - Important levels to trade for 21.01.2022Chart has all the explanation so please do read the chart well
On the day time frame we have a hammer candle stick pattern being formed so possible reversal may be seen in tomorrows session
On a 15 minute time frame looks like a Bullish wedge pattern has been formed
Bothe 15 minute and day time frame are suggesting a reversal on cards
All the best for tomorrow
Your feedback is highly appreciated
#Banknifty view for 20th January 2022The market is giving a good retrcment already. but if the market decided to give the retrecmnt of the last two days of bearish momentum then we will get to see the Breakdown of the trendline. then the market will remain bearish.
let's follow the market tomorrow?
all we need is simple patience.. pure price actionas of covid cases right now worries of investors are on a hike again. sentiments of the market are not positive at all. all we need is to let the market form the right pattern for us to initiate the trade. till that my 60% bias will remain bearish. will be looking for short opportunities more than buying. let the market decide the rest.
Banknifty setup for expiry 13/01/2022On 12th January Banknifty open gap up and and traded within a range.
39000 is a strong resistance that need to breakout and banknifty have to sustain above the level for further up move.
Expiry setup
Buy above 38850
Target 38970
Sell side there is no proper price action but one can sell below 38600 for the target of 38400.
Below 38400 banknifty can correct more.
As you can see bullish flag pattern in the chart you can play buy move above 38850.
its time for some retracement now.as we saw a big bull rally in banknifty from the past 2 weeks. now I'm thinking of a retracement time. all we have to do is just for the down levels to get broken tomorrow then we will go short on it. { if not just wait for some chart pattern to be built.
Banknifty chart for the day 12/01/2022Banknifty is making perfect raising wedge pattern
Sell below 38400 for 38000 target.
on the flip side trading above 38700 will change setup
Banknifty setup for 11/01/2022As you can see in the chart Banknifty forming a perfect raising wedge pattern.
We can expect a down move till lover trend line on 11 January.
are we still in range..?as we can see ourselves in the range. will be waiting for some chart patterns before taking any actions.
Banknifty weekly analysisOn weekly time frame banknifty closed above 5 weeks high and entered in bullish trend.
Immediate resistance is placed at 38150
One day closing above 38150 will take banknifty the 38700, 39000.
On the flip side strong support is placed at 37000.
BIAS will remain bearish ..? rest all marked my personal view on markets tomorrow will remain bearish Caz rising covid19 cases in India. will look more for a bearish trigger tomorrow. won't be comfortable in buying.
WILL IT BE A BIG BREAKDOWN..? LEVELS MARKEDACCORDING TO OUR PURE PRICE ACTION STUFF, WE CAN SEE NIFTY& BANKNIFTY BOTH ARE AT THEIR MAJOR SUPPORT AND RESISTANCE LEVELS. ADDING TO IT INCREASE in omicron cases my bias for tomorrow willremain bearish. rest we see in tommorw market. BEST OF LUCK for Tommorw Traders
