Bank Nifty future May trade in the range 23800-24880
Decision Level :24460.Above & below :Bullish & Bearish .
Above 24460 : 24550/24768/24883 may be possible.
Below 24460: 24330/24200/24050 may be possible.
Buy on dips and sell on rise.
Disclaimer: Ideas for learning Only.
Bank Nifty future May trade in the range 23800-24550
Decision Level :24200.Above & below :Bullish & Bearish .
Above 24550 : 24883/25000 may be possible.
Below 23800: 23460 may be possible.
Disclaimer: Ideas for learning Only.
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My sincere thanks to my Masters trading pantulu, day trader Telugu and Nayan Pokarkar
#26-OCT:
Weekly plan for NIFTY & BANKNIFTY
#NIFTY key reference 11930-50F & 11890F areas
#BANKNIFTY Key reference 24650F on upside , 24350F/24100F on downside
#NIFTY key areas for the week are 11950F- Hold above for a bullish move to 12050/12100F
Failure to cross 11950F , look to rotate to test 11890F, Below that is main bearish thesis to test lower
to 11740F...
Both supply and demand zone is marked in the chart , dont trade until breakout of price either side.
If break the demand zone then a fall may observe in this coming week and break supply zone then a big bull may come in this week.
Till the point Banknifty future is standing on a neutral zone with slightly bullish mode.
Those white and black candles indicate large volumes in 5 mins. Where smart money is involved.
As per this study, big fall possible below 24200. Big up move possible above 24800. Till then range bound move is anticipated.
However with in the range big candles can form, as both buyers and sellers are in fighting mode.
Those lines can act as support &...
See all my Publications if it seems to give you both knowledge and profit then only like subscribe and share to your near and dear.
My sincere thanks to trading pantulu, day trader Telugu and Nayan pokharkar
As discussed earlier Bank Nifty future traded between 24330 and 24900 .
Range :24330-224900
Decision Level :24460.Above & below :Bullish & Bearish.
But the overall trend is bullish.
Bank Nifty can touch the recent high of 25200 and above the level 25600 may possible.
Above 24580 : T1 24768
T2 24880
T3 25025
...
Bank Nifty future may trade between 24330 and 24900
Tight range 24460-24885
SGX nifty indicates muted opening.
Markets may not fall much as FIIs pump in huge amount of money everyday.although DIIs have sold for Rs 2020 crores in Cash market.
There is no announcement regarding Stimulus.
Bank Nifty can touch the recent high of 25200, if the positive sentiment...
