SPOT BANKNIFTY, will not back again? Answer is, Still exist BULLS

Spot bank nifty closed at support.
Last hope at 29211.
Trend line support 29395 – 29450

Even if the trend channel is continuing, and the following possibilities still exist;

  • 1) Gravitate price will attract the value, so long traders have target 29977.
  • 2) The support at 29395-29450 will push the nifty toward to 29700.
  • 3) Last hope at 29211, if bank nifty slip to that will be a pure bearish trend.

The formation of a bearish candle following a bearish Belt Hold on the daily scale indicates that bears are now forcing the market to restrict its momentum.

It can slip the next 1-2 sessions if above is not existing.

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Who has controlled on BANKNIFTY, how?

We are again coming with BANKNIFTY analysis.

banknifty

In the chart, it’s clearly visible that the strength of the buyers is much higher than the sellers. If a resistance not considered then, the next target is against our eye at 30389.

  • Positive global cues.
  • Investments are likely to pick up after the Lok Sabha elections in 2019.
  • Appeared today, fight between buyers and sellers in which seller has not much strength.

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Banknifty: we don’t think to stop the move up here

We’ve observed a nice fall in bank-nifty yesterday, but till we do not think to stop move up by it. Look at the chart closely, you can find great support for intraday traders and target too.

There are till bulls have much power, and you can get great opportunity to Double/Triple your money by option trading on bank nifty. Yes, you can check the above level for intraday entry.

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Bank nifty : selling point found

Updated Time: 1:30 PM 

Bank nifty is trading critical zone. Just look up the chart and see the level…I hope that it might be great for you.

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short term bank-nifty overview.

Herein, we’ve updated Bank-Nifty overview for the July. This is really happy you in trading if you’re swimming trader or Bank Option traders.

Try to understand the chart.

short-term-banknifty-overview

You can see two support which is mentioned chart. Just wait for next update of bank nifty. We will update short term and intraday view very soon.

Updated for Subscribers Only (Time 11:30 AM) 8th, July 2016

Nifty future have strong support 8262 to 8289 (you can buy here) with stoploss 8242 targets 8355-8379 and 8489-8522

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Niftybank: till bullish?

nifty-bank

Bank nifty is trading at 1524, but this index is look till upside 1568 until chart mentioned resistance. Need patience for short traders.

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