Banknifty on daily tf.

7 Jan

BN taking support from yesterday low today.
Current support zone on daily candles is showing that 49666 - 49955 is the support zone which taken multiple times on BN chart from last year June 2024.
Expected BN will play in this zone for a couple of days.. if it breaks down on a closing basis then will see 49000, 48638 level soon.
and if yesterday's low intact and any good news for the Indian market then BN will ride to 51000 level while it is not for sure seen as per the market structure and data right now.

*This is a personal view for knowledge purposes only.

10 Jan

Nota

On 7th Jan I shared my view about BankNifty if breaks down on the closing basis of the 6th January low then will see the 49000, 48638 level.
Today on 10th Jan it touched the levels I shared. BN marked the low today at 48631 exactly 7 points below my shared level.
both targets were completed..
Expecting on Monday BN

15 Jan

Dagangan aktif

all the levels are achieved.. need to close watch on Banknifty for the next move.
48638 is marked on the chart with the next support level 48352 which creates a support zone in BN and on 13th Jan BN opens the gap down and makes one green candle.
but we need to wait and have confirmation for the next move because it's still not a reversal sign in BN.

22 Jan

Dagangan ditutup: sasaran tercapai

If BN closes below the 13th January low then there is more possibility that BN will headed to 47691, 47411, 47000 levels.