Just Here Nifty Banknifty

2021-11-24 20:29:05 Banknifty closed today by giving a sharp fall so we got a breakdown from important trendline. Tomorrow will be monthly expiry, so as usual mkt is going to be volatile. Opening of tomorrow can decide whether the expiry will be sideways or trending one. Flat opening will be very best for sellers to continue the fall. Deep gap down opening can reverse upside as there is good support downside.

Look to take scalping trade only with small SL and target if crossed 37450 level in spot.

Look to Sell if breaked 37280 level in spot.

Best of luck for Tomorrow Open / Comment

2021-11-24 20:29:02 Open / Comment

2021-11-24 19:44:50 Today Banknifty was Up by 169.15 Points or 0.45%. A trending mkt both the sides with little volatility. Nifty closed in red with half a percent fall.

It triggered our 37410 buying level at morning itself and given a good 450++ points move. Simple trend with higher higs . Now Banknifty at intresting stage, whether it will continue fall or reverse upside from here you can comment your views and wait for analysis post . Open / Comment

2021-11-23 20:57:30 Banknifty formed a good double bottom pattern and recovered today. Now banknifty is in ascending wedge pattern and rejecting from the 50% fibo level (image posted in comments). So opening of tomorrow is going to be important, if it breaks that 50% fibo level upside that means the trend is changing and we can trade with the view of upside !!

Look to Buy if crossed 37410 level in spot. Breakout Re-test Now can continue rally.

Look to Sell if breaked 37140 level in spot. 50% fibo rejection and breakdown from ascending wedge pattern will be the setup.

Best of luck for Tomorrow Open / Comment

2021-11-23 20:57:27 Open / Comment

2021-11-23 19:19:47 Today Banknifty was Up by 144.00 Points or 0.39%. Opened gap down, then slow and steady recovered well but with volatility. Clearly told in analysis - "Upper side it can now create volatility, as it will be difficult for banknifty to rally today itself"

After opening it made a low of 36647 and our selling level was 36650, not even single 1min candle sustained below our level so i hope no one taken trade. Then it also triggered buying level, we taken a scalp trade as decided and a small SL may have been hitted in that trade ! Open / Comment

2021-11-23 04:55:07 Opening of today is going to important, as mkt fallen sharply yesterday so if opening small gap down today then it'll be easier for sellers to break the 36700 swing. Upper side it can now create volatility, as it will be difficult for banknifty to rally today itself. So upper side we'll take scalp trades only. In weekly chart Banknifty given good trendline breakdown, image posted in comments !

Look to Buy if crossed 37410 level in spot.

Look to Sell if breaked 36750 level in spot.

Best of luck for Today Open / Comment

2021-11-23 04:54:52 Open / Comment

2021-11-22 20:07:03 Today Banknifty was Down by 847.45 Points or 2.23%. A sharp fall in both of the index, then in the end recovered little bit of the fall.

Banknifty triggered our selling level of 37760 in morning itself and then given more than 1000 points fall !! Now for tomorrow what should be our plan, where market going to fall again ??
Analysis will come tomorrow morning, wait for it.. Open / Comment

2021-11-21 20:21:06 Whenever there will be sideways mkt, the next trading day will be always intresting to trade and same case for tomorrow also. 37700 is still good support in bigger timeframe and buyers trying their best to sustain that support. Consecutive red candles in daily chart and now bnf at support, so aggressive selling pressure is little bit difficult for tomorrow, but after breaking last swing we can sell with small SL.

Look to Buy if crossed 38110 level in spot. Another also buying scenario image posted in comments.

Look to Sell if breaked 37760 level in spot.

Best of luck for Tomorrow Open / Comment