Possible move in NIfty & Bank nifty, Not an intraday Setup Friends,
here with i have shared view on possible move of nifty and bank nifty in coming days. we may see some more sessions of ups and down in both index,
Banknifty - Clearly in a bearish trend now but still if we move above 43k then trend may change.
Bankniftyview
22/09/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap-up is going to open
After A gap-up if banknifty taking support above 43000 and sustain then open target for T1-43250,T2-43500,T3-43850
If the Banknifty after a gap-up sustain below 43000 The open Traget for T1-42750,T2-42500,T3-42410
Major Levels 43000,43200,
21/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap-up is going to open
After A gap-up if banknifty taking support above last day high and sustain above 43400 then open target for T1-43600,T2-43800,T3-444150
If the Banknifty after a gap-up sustain below last day high (43400) The open Traget for T1-42850,T2-42600,T3-42610
Major Levels 43400,43500,43000
20/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market small gap-Down is going to open
After A gap-Down if banknifty taking support above the trend line and sustain above 43400 then open target for T1-43500,T2-43600,T3-43750
If the Banknifty after a gap-Down Break the trend line and sustain below demand zone (43200) The open Traget for T1-43150,T2-43000,T3-42950
Major Levels 43200,43300,443450
19/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market small gap-Up is going to open and choppy day happened
After A gap-up if banknifty taking support from last day low and sustain above 43000 then open target for T1-43200,T2-43400,T3-43600
If the Banknifty after a gap-up Sustain Below last day low(43000) The open Targets for T1-42900,T2-42800,T3-42708
Major Levels 43000,43400,42800
BANKNIFTY FOR COMING WEEK - 19 Dec to 23 Dec 20221. Monthly Timeframe
Bullish - Charts are in great shape
Bullish Candle closed near highs- November 2022
Made new high this month( Dec 2022)
Monthly Support @ 38300-39100
Good as long, as the price sustains above support levels :)
2. Weekly Timeframe
Shooting star candle is on an all-time high.
Weakness is expected in the coming week.
Swing Trades - Sell on Rise.
Support @ 40300- 40800.
Volatility may increase.
Expecting both side swings.
Week high would act as resistance - 44151.
3. Daily Timeframe
Gap Down indecisive candle at support
Might see Gap up or gap down opening on Monday
Immediate support at 42940-43100
Further support at 42200- 42450
4. Hourly Timeframe
Sell-off, followed by a pause near the support area.
Selling - Near Resistance or below support
Precise levels for swing and intraday traders
Immediate resistance at 43500
Further resistance at 43884- 43893
Disclaimer: Only for educational purpose
16/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guy's.,
Good Morning Everyone,
According to the data today market gap-Down is going to open
After A gap down if banknifty taking support from last day low and sustain above 43500 then open targets for T1-43600,T2-43700,T3-43800
If the Banknifty after a gap down Sustain Below last day low The open Targets for T1-43200,T2-43000,T3-42800
Major Levels 43500,43200
15/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap Down is going to open
Banknifty will turn negative if gap down opens and forms resistance at last day low (44000). That time we can open the target. T1-43800,T2-43600
And if the gap down opens and breaks the low of the last day and forms the support, then the full day is going to be choppy today.
Major Levels 44000,44100,43900 Avoid trading in this area
BankNifty Crash Is Coming?Oh my my... Hey BankNifty, are we standing on the cliff right now??? Why my bar color is red when you are closing at All Time High?
Let's understand
[Before you read, Please Note: I use 2Day timeframe charts mostly ]
If I am not wrong, Bank nifty index is outperforming entire world right now. I see it is the only index that closed at ATH today, 14th Dec 2022. I am taking about major Indices here :).
So why on this mother earth, I am looking skeptically on this rally, where everyone looks greedy about this index going higher n higher.
Although let me make my stand clear here, I am actually long on this index since 20th Oct 2022. Now that I am in handsome profits, I have to work with my exit strategy to trail my SL for this trade.
Now let's understand where I am coming from. Over the years I have studied market trends and my focus was always on finding when markets would change their trend. And it's always observed that before market changes their ongoing trend, it usually tends to take small pause for few days before starting mark down journey.
So based on Rate of change theory, I create a simple indicator that helps me understand the markets larger trend.
What do I mean by larger trend? .... market on short term time frame can be lot of noisy in terms of trend so bars or candle colors creates confusion in our innocent mind. So, to remove this confusion indicatory simply decides bar color based on the strength of trend. Simply I would say Green is Bullish and Red is bearish.
Today BankNifty closed at ATH (All Time High) though the bar color indicator suggests me that there is high chance of bearish ness is on the horizon. This typical situation occurred few times in the past where BankNifty is at ATH or with 2% range of ATH. I am highlighting two situations when bank nifty made ATH only to fall for next 85 days. First occurred in Jan 2013 and 2nd in Jan 2020 days before covid crash. And we are near the same time zone of the year where not just for these 2 years but for all major falls started in January of those respective years.
Isn't this surprisingly interesting?
And if you observe time cycle closely you will understand that whenever there is major fall occurs in the market it usually lasts for 85 days and that is where the bottom is made for the mark down rally.
I always try to improve my observations, do you?
Thank you for ready and wish you successful trading journey,
Yogesh
r u ready for a big move..?Hmm, having a avereage cpr indicates that we may can witness a bullish move in banknifty today. there no such bad news in the market which can fall markets towards the downside. till now atlest. so all we need to do is wait for an bullish pattern in banknifty and then we may can go for some big qty to trade.
measnwhile dont forget to maintain your RRR traders.
14/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap sub is going to open
last day baknifty closing near around 44000. If gap-up Banknifty opens today and sustains above 44000 then you can open 44400 target.
If the Banknifty sustains below 44000 today then it is going to stay in the range
Major Levels 44000,43800
BANKNIFTY ANALYSIS for 13th DECEMBER
*On 12 DECEMBER, expected a good fall from supply zone, but buyers remained strong.
*Unless market doesn't trade and sustain above supply zone, consider it's weak.
*Make changes to your trading plan if opened BIG GAPUP/GAPDOWN.
NOTE:
This Idea is according to my understanding of market especially BankNifty.
And do your own analysis, take positions according to your Risk Appetite.
HAPPY TRADING....
13/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap-up is going to open
Open target for 43800 - 44000 if gap-up opens and Banknifty sustains above last day swing area(43600)
And if the Banknifty sustains below the last day swing area(43600) even after the gap-up open, then target for last day low(43350).
Major level 43600,43800,43860