Watch out for upper levels.......going short on break of mentioned level will be a good idea.....respect risk
hi, First happy to all of you... We had seen a massive blood bath from couple of weeks and main question is when it will gonna to stop and where is the bottom of index, Well Index is currently trading on Harmonic PRZ. Did take a bounce from here in last trading session but remember harmonic predict only swings . Harmonic prz not a signal for trend change. we will...
While I am updating this , same time US Markets are down by 7-8% and were trading at lower circuit. Definitely this selling pressure will be pass on to Indian Markets. But good thing is we have a Holiday ahead and many things will depend on Tuesdays global scenarios. But any how Bank Nifty is preparing to touch 24000 levels. Thursday's Expiry below 25000 expected....
The trend remains negative for today. So, you can adopt a short strategy in any kind of pullback near its resistance levels.
BANKNIFTY has hit a level of resistance and is expected to fall.
Hello everyone. Well Ban nifty Index is weak since a month ago but world economy has been suffering from corona virus threat. Yesterday downfall in Nifty and Bank nifty is come from corona virus Threat. Market is still bearish and we can see an another downfall today so we need to focus on sell side . There is 2 levels for short. 1st : Sell If Index break...
Short BankNifty if it is unable to give breakout above the green trendline and also closes below 30930 levels.
If BankNifty breaks the trendline with a strong selling volume, then you may witness 30500 levels. However, it may touch 31150 if it gives a breakout above 30930. Moreover, I also found that there is a bearish divergence in 5 and 15-minute charts which may be valid for the first 30 minutes of trading. Being an expiry day, Open Interest also suggests that expiry...
BankNifty Intraday Trade Setup using trendlines If BankNifty holds 30650, then you can go long. Whereas if it breaches 30650 then you may witness a bloodbath.
Bank nifty is on channel resistance . There is only sell position can be consider in Intraday . 1st Sell position if Index trade lower then 31190 if you seen any upmove in first session then sell from 31400-31450
This is the second time that banknifty test Harmonic PRZ level and give dot reversal. 31500 is the #Resistance area. Build long above it and short position can consider lower then 31200.
Hello all, Bank Nifty has made a narrow range in last 6 hours of yesterday #trading session same as #nifty does . Long : 31150 Stop loss : 30950 Target : Open Open short lower then 30940 Stop loss : 31150 Target : Open
Banknifty chart on hourly and 30 min is showing positive divergence. a good sign that banknifty may fire up today. A good idea to go long with recent low as stop loss.
BANKNIFTY bounced from good support Mon 30th, Dec 2019. View - Go long TGT - Booking level 32600 - 32610 / more up possible SL - Below 32230
Go short in bank nifty for target as mentioned in the chart, volatility is there but good to go sell on rise.
Bank Nifty Indian Index bullish bias with new weekly demand imbalances. Bank Nifty Indian index has a clear long term long bias, bearish corrections must exist if we want to plan a trade using imbalance. The Indian stock market and its indexes does not move in straight lines and so do the other world indexes, the Indian Bank Nifty and Nifty 50 indexes are not an...
Assuming the fast slide on bank nifty over the past couple of weeks to be the primary trend, I conclude this to be a slower retracement towards 61.8 percent of fibs, a buy from the given levels would be recommended; with an aggressive stop at the red mark