Nifty Chart

Banknifty some consolidation with negative bias

Nifty some consolidation with negative bias

Nifty Chart

 Banknifty cash analysis with chart and levels :
26990 below some more weakness for 26908-26853

27140 key for 27228-27252 [expect prfoit booking]

Nifty chart with levels for intra analysis 

Day +ve signal with hourly sell signal implies volatility with negative bias for the whole day.  10800 is the key for 10851-882[profit booking opportunity], Expected profit booking in the opening, Almost  momentum for the whole day with negative bias.  10760 is the key for 10719-10674.[buying opportunity]

Monthly view [30days from 21/2/2019]: Swing’s 10004-10941 38.2% 4 times managed to close above after hitting lows below 10583.  So, swings 138.2% is a minimum Target for 11298-312 before move up

Nifty Chart

 Banknifty at resistance

Nifty at support

Nifty Chart

Bank nifty Cash - Analysis on both side with Target

Bullish Case [2-3 days]:

Positive divergence with recent swing completed around 26625Small hurdle from 26759-26800 to reach 26925-26989, close above 27000 will reach 27130-27218. 

Bearish Case : [5-7 days view]

Any close below 26550 will drag up to the range 26387-233 range worst case 26140-25997.  Possible next support,  38.2% of the swing 27754-24240 at 26411.  

Cash Nifty analysis on both side

Bearish Case : 50% of the swing 10004-11118 at 10561, Trend line support at 10541,  [Support range in intra 10561-10541]

Any close below 10560 will lead to 10429 worst case 10377  [ hold our buy call 10800PE]

[Buy range 10429-377] for new high above 11118

Bullish case :

10655© will be good for bullish up to 10734-50, Close above 10750 one side trade for new high above 10900

Positive divergence on hourly chart issued Target above 10759+ with hurdle at 10692

Nifty Chart

Banknifty cash

Small hurdle from 26759-26800 to reach 26925-26989, close above 27000 will reach 27130-27218.  Possible next support,  38.2% of the swing 27754-24240 at 26411.  Any close below 26400 will lead to 25940-25630 range.  Positive only above 26800©

Cash Nifty -

10655© will be good for bullish up to 10734-50

Nifty Chart

Banknifty Cash -  O-27017 H-27029 L-26635 C-26794(-394 points volatility)
Short term trend line 26700 EXACTLY bounced and closed above from the low 26635.
Swings 27589-26441 78.6% at 26686 . So range 26686-26635 will took major support on hourly chart. Todays close must be positive for further bullish. Folded resistance 27097-27148-27252,

Nifty cash - O-10780 H-10785 L-10620 C-10424(-165 Volatility)
10004-11118 swing’s 38.2% at 10692,
10583-11118 swing’s 78.6% at 10698.
As per EMA’s of RSI still bullish, range 10692-698 Hold on closing basis with complete bounce back from 620 on closing basis from 61.8% of the swing 11118-10333
4th Wave of the swing holds 38.2% then 11322. Multi-level support maintain for 2019.
Short covering above negative breakout trend line 10855©

Nifty chart

Banknifty Closing basis long trend line and 23.6% of the swing at the same place, close below this trend line will issue some selling pressure even in intra basis also

Nifty Closing basis long trend line and 23.6% of the swing at the same place

Nifty Chart

May touch 61.8% worst case 78.6% Banknifty

expect any gap down may bounce from 61.8%

Nifty Chart

Banknifty expected above 27350 good move

Nifty 10940 above good move

Nifty Chart

 O-26999 H-27274 L-26926 C-27195(+348 points volatility)

Weekly resistance 27400 and monthly resistance 27500(C) crossed and closed then short covering for 27800, 28030-80+

O-10699 H-10741 L-10628 C-10727 (+113 points volatility)

Holding second time 10610 [recent swing’s 38.2%]  Any close above 10753 good for 850-890+.  Close above 10940 for 2 days enough to reach 11089+

Nifty Chart

Banknifty bearish pattern formation is going on

Nifty at Swing's resistance 78.6%

Nifty Chart

 Bear Side: 10870 below some more weakness up to 10770. Oscillators are at resistance.  

So, expected some consolidation with negative bias for 2-3 days.

Bull Side: Short covering above 11040(c) for 11089-11299-11333-11384+

10940 hold then recovery for 11040-69 and 11089

Nifty Chart

10455 Short term Trend line support

10440 38.2% of swing  10710-10004

10427 Long term Trend line support

So expect bounce back range 10455-427  

Nifty Chart

Banknifty may test resistance 26200+ holds 25000

Nifty holds 10138 will be +ve 

Nifty Chart

Nifty cash:
Bull case : 10477 above 10520

Bear case : hold 10474 will reach 10399-10352-10320

Nifty Bank cash :

Bull case above 25400  for 25550

bear case below 25159 for 24800

Nifty Chart

Banknifty max down side 23600+

10300 holds nifty bounce back target 10800+

Fibonacci consolidated phase TGT 261.8% done so possible for bounce back

Nifty chart

24600 and 25400 key levels for longs and shorters - Banknifty

10525 and 10635 will be key for shorters and long holders and nifty

Nifty Chart

10800 below nifty weak for 10640+

25000 below weak banknifty cash level

Nifty Chart

25000 key for bulls - banknifty cash

10850 key for bulls - nifty cash

Nifty Chart

Nifty Extended last swing reversed from 0% is also for new high

Nifty Recent full swing 10417-11760 reversed from 38.2% +ve sign for new high

Banknifty Recent swing reversed EXACTLY from 61.8% for new high