Long time since I posted something, Folks who had seen the past analysis would recall that we had marked 25600 as the support zones, banknifty turned around from there. On the upside 26450-26500 remain as the big hurdle.This is with the hypothesis that markets have had made top for the year and will continue to form lower highs. Hence if we see retracement zones ,...
BANKNIFTY has managed to trade within a small range for the past few sessions. Levels of 25220-25300 will hold resistance, will look for a downward rotation to test near 26K levels or a clear break above the resistance zone. Volumeprofile charts @ twitter.com
#bnf #banknifty testing crucial support zones of 24920-940.a break below can lead to a test of 24700-720, previous #volumeprofile levels #MarketProfile #nf future volumeprofile chart at : twitter.com
#BNF #banknifty pulled bk from the weekly vpoc and just made a peak below an high volume zone. potentially on its way to test the 25150 zones, which is also 50% retracement of the swing. After thursday's crash we did lay down that the fall stopped just short of our swing support zone of 24100 and in case that is respected we could be on our way back to test the...
Banknifty for quite sometime we had discussed the importance of the 24100 zones. Yesterday markets tested the levels above that zone and managed to pull back to close near day's highs. This again re confirms that 24100-150 will be the immediate trend decider for long side trades. Trading above that can BNF can go upto 25750 levels . where we have signficant...
I have been writing about a mid term rotation upwards if 24100 levels were defended. Friends will recall thats why we had also closed the short @ 25000 near 24300 zones. Now that scenario has failed and we have to look for a downward move. Another level to watch out was 23875 levels. now on friday we tested that level and failed to breach it on the upside. This...