#banknifty analysis for 3rd May:-
The fall of 7,303 points from 37,708 to 30,405 and followed by 55% or 3882 point pullback from 30,405 to 34,287, we might have some more steam left to move to 34.5-35K levels, downside till 33,200 to 32,600 is visible.
Decision Zone:- 32,960 - 33,030
Resistance Zone:- 33,195 - 33,247 / 33,644 / 34,057
Support Zone :- 33,605...
#banknifty analysis for 29th April:- Expiry
Decision Zone:- 33,469 - 33,633
Resistance Zone:- 33,990 / 34,197 / 34,407 / 34,644-34,918
Support Zone :- 33,500 / 33,320 / 33,085 / 32,825 / 32,500
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the...
Final leg of D wave (Flat) is ongoing in NIFTY ,expecting an ending diagonal to reach 14818 on 19th april.
wait for conformation because IF it overcome this number then more upside will be possible
Nifty formed three black crows means starting of reversal. Breaking the rising channel and staying below 14200 leads to 13800 levels. And staying below 13800 may leads to 13200 levels.. this is all positional view..
Note :- POST IS JUST FOR LEARNING PURPOSE ONLY BEFORE TAKING ANY TRADE DO YOUR OWN RESEARCH OR CONSULT YOUR FINANCIAL ADVISOR.
HAPPY TRADING 🙏🏻
Banknifty is tobe traded cautiously tomorrow since an year end and it might give wild moves however we can assume these moves out of the possibilities on the way it opens tomorrow.
Trading expiry range for bank nifty is defined.
All positions to be squared off before 2 pm
Bank Nifty is what we can say a strong instrument with much robust liquidity.
It has recently on daily timeframe made M pattern fail to regain as a strong upmoving instrument. The bias is bullish.
Three possible scenarios arises as per the behavior of the BN on open: thus three possible paths to be a possibility .
Any other movement from above these three paths...
Bank nifty is trading with comforts to distribute sums . Now the much depends upon it to continue the trend or give whipsaws, as for the technicals market has kept bearish view even though a more U shaped recovery to say. However what we notice is that if the U shaped recovery was itself weak then BN would have weaker retracement .232 possibly. Thus a very...
There is evidence that a flattening of the trend has taken place with each trend break resulting into more flatter curve. However when we read the volumes we are still in positive tracjectory, when we study price there is still positivity , THE MAXIMUM the bank nifty can fall is touch previous week's low i.e. 600 points down from here , however the BN has taken...
--> Yesterday I've posted idea of NIFTY, it opened at exact near the minor trend-line(i) . Exactly started to fall toward exactly over-consumption as expected
You can ask in comment section if you want to know anything.
Trading Idea
Nifty Futures: NIFTY Futures few sessions ago we had discussed that 7430 was the trend decider and above that 7550 was a possibility, that target nearly got done in yesterday's session, after that markets paused and went to crash and test our trend decider all over again. Both sides provided a decent trading opportunity in last few sessions. Next up...
