BN 06TH MoveLooks BN is bullish this week.
BN if Gap Up and trade above 22500 then again test Today's High. if break then test 23000.
BN if gap down then try to test 22040 or MAY test 21800.
But looks tomorrow is premium eating day and later in 2nd half may see some movement.
note: THIS IS MY VIEW ONLY. DON'T TRADE BLINDLY.
Niftybankanalysis
BN Probable move for mondayBN if gaps down then may try 22130 or also 22060 then in second half will move towards 22500 if breaks Thursday's High.
if BN gaps Up around 22360 then may touch 22500 and may touch 22700 as well high trade above 22500 for 30-45 mins.
BN Range: 22080 - 22500 for monday.
DON'T TRADE BLINDLY. IT'S JUST VIEW. MARKET IS SUPREME NO ANALYSIS WILL BE RIGHT IN FRONT OF IT.
BANKNIFTY FUT: 22900 INCOMINGBank Nifty Future Analysis:
Showing clear signs of bullishness as per price analysis with high volume and poor bearish candle formation. Bnf futures had gone to run stops inorder to get liquidity for the upside in the coming days.
This is a clear long setup and initial target of 21800 was hit.
Note: This surpasses all retail logic and thinking. There was no retail indicator, trendlines or any such retail tools used for this analysis.
Disclaimer - I am not a SEBI Registered Advisor. This post is purely for educational purposes only. I will not be responsible for your profit and loss.
Please confirm with your investment advisor.
Related Ideas: @goutham_45
BN Next weekBN is short term bull side till 21500. after that some consolidation and then may fall till 20000 & 19500 Target. It's just my view.
so upcoming week and whole month of October is very important may be we won't get big move like 500 or 700 points in consolidation phase. after US election we expect 1 or 2 big move. market will trad between 21500-20000 in mean time. JUST MY VIEW.
MAY BE I AM WRONG. MARKET IS SUPREME.
BN Trade for 22-09-20BN is near it's crucial support zone. it's not easy to break. so may be market will touch 21000 level but it will respect and give bounce from there.
after bounce we need to check how time it will spend near support zone. if consolidating for 2-3 days then chances are more to go down for 20500 levels. it's just my view only.
BN Upcoming week.BN in zone where it can make or break. it hold 22000K level. despite sudden fall on Friday it re acclaimed 22K level and close above that. big players don't want it close below 22000 level so definitely some big movement we can expect and they don't want retail to be part of that. SL hunting game will start soon. keep eye on VIX if increase then be ready for wild move.
so be ready for Move may be up or down. this month is very crucial. lets see where BN closes.
BULLISH only 22750
BEARISH only 21900
ON CLOSING BASIS. so just wait and watch and take small intraday trades with cautious. SL is must.
Bank Nifty Intraday Trade setup for 31st July 2020Good Morning friends,
We had seen a lot of up and down move in the index. The index is trading on the dynamic channel support which has taken from an uptrend channel. The index will test 20900 if 21600 breaks. This is a very important point for trend reversal and confirmation comes lower than 20900. the first Index needs to sustain lower than 21600 then 20900.
Intraday Levels for 31st August
=================================
Long: 22000 Target: 22140/22270/22330 SL: 21870
Short: 21580 Target:21400/21210/21100 SL: 21800
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey
Bank nifty Analysis for August Series Good Morning sir's
Bank Nifty Index does not move a lot in June and July month since Nifty 50 was making higher high which was a clear sign of banking sector weakness. For the August series, there is 2 Very Important Level in Bank Nifty Index.
21600 to 21700 is the resistance of this range and 20940 to 20900 is the support area. Breakout or Breakdown will decide Bank nifty Movement for the August series.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey