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.
Bankniftytrendanalysis
NiftyBank Futures Key Trading Levels for 30th Nov 2021Nifty Bank Futures Key Trading Levels for 30th Nov 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.
NiftyBank Futures Key Trading Levels for 25th Nov 2021NiftyBank Futures Key Trading Levels for 25th Nov 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.
NiftyBank Futures Key Trading levels for 24th Nov 2021NiftyBank Futures Key Trading levels for 24th Nov 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.
NiftyBank Futures Key Trading levels for 23rd Nov 2021NiftyBank Futures Key Trading levels for 23rd Nov 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.
NiftyBank Futures Key Trading Levels for 17th NOV 2021Nifty Bank Futures Key Trading Levels for 17th NOV 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.
NiftyBank Futures Key Trading levels for 16th Nov 2021NiftyBank Futures Key Trading levels for 16th Nov 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.
Nifty Bank Futures Key Trading levels for 11th Nov 2021Nifty Bank Futures Key Trading levels for 11th Nov 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
NiftyBank Futures Key Trading levels for 10th Nov 21
NiftyBank Futures Key Trading levels for 10th Nov 21
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.
Nifty Bank Futures trading levels for 20th Oct 2021Nifty Bank Futures trading levels for 20th 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 Trendline UPDATEBank nifty Trendline UPDATE as i updated in last idea about trendline we can see some good consolidation near this trendline so, we must to update with this accordingly so i update here new trendline.
I am Bullish on the market today so I will go for long only because downside there is many support level with in 100 points.
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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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 Fibonacci RetracementHi There! We can observe a channel pattern here which is respected from the beginning of June.
As you can see, BANKNIFTY tried to break the 50% level but was rejected and fell to 75% retracement level.
It could try to retrace again tomorrow (at least to 61.8% - around 200 points) but could fail again as the contracts expire tomorrow and there could be profit booking (the trend was mainly bullish for last 3 months). Also, There is some indecisiveness as we see a doji pattern forming on the daily chart today. We can take up trades based on the direction the market takes tomorrow and considering above points.
DISCLAIMER: This is only my analysis and not my advice/recommendation to trade. Please bear in mind that your call to trade is at your own risk.