Niftybank & Nifty 50 trading levels for 26-11-21

Nifty bank: 15 minutes a candle

1. In today's trading session, Nifty bank close around 37350 after a volatile intraday session. Nifty bank has taken support of RED trendline during the day and trying to go up. It will be bullish only above 37500 level and sustain for few minutes to see good upward rally till 37800 and then 38000. If Nifty bank opens gap-up above BLUE trendline and sustain for 15 minutes then you will see upside movement very fast due to short covering.

2. Nifty bank is already in bearish mode because whenever it tries to go up then profit booking happens. For tomorrow's intraday session, it will be bearish below 36900. For risky traders, below RED trend line it will be good to enter the trade as per your risk. If Nifty bank opens gap-down around 37200 levels then do not trade, it might be a trap for bearishness, wait for the range and trade the range, accordingly.

Nifty 50: 15 minutes a candle

In today's session, Nifty 50 closed above 17500 level and tomorrow, if it sustain for 15 minutes or more then you will see upside rally till 17750. Nifty 50 has recovered due to good news in Reliance and other heavy-weight stocks are in upside mode due to short covering or profit booking for short positions. If Nifty 50 opens gap-up above 17600 level then wait for the momentum (upside or downside) then trade, accordingly because 17600 is the deciding level for upside or downside. It will be bearish below 17450 and if it opens gap-down then wait for the range and trade the range, accordingly.

Niftybank & Nifty 50 intraday trading levels 23-11-21

Nifty bank: 15 minutes a candle

1. Nifty bank retraced from the level of 36700 after the fall of 1500+ points from day's high. It will be bullish only above 37400, for risky traders to enter the trade early at their own risk is above 37250. If Nifty bank opens gap-up between 37400 and 37250 then wait for the range and trade the range, accordingly.

2. Nifty bank is bearish and will go down only if it breaks 36650 level to achieve 36450 and then ultimate level of 36000 from where we can see a major bounce-back of 500+points. If it opens gap-down around 36500 level then wait for the range and trade the range, accordingly.

 

Nifty 50: 15 minutes a candle

Nifty50 is bearish and test the level of 17000 as soon as possible. Due to Reliance and Bajaj twins and HDFC twins and other heavy-weight stocks are cracking more than 2-3% and this fall may continue till we see the tapering decision by US Fed. Till then look for the opportunity to add good stocks in your portfolio and look for bearish trade.

Niftybank intraday trading levels 08-11-21

Nifty bank 15 minute a candle:

1. Nifty bank will be bullish for fast movement or new buying opportunities is above 40400, just after the crossing of the strong resistance from 40200-40400. You can buy ATM CE for upside till 40100, which can be slow movement when the Nifty bank crosses last day's high.

2. Nifty bank will be mild bearish below 39300; there is a strong bounce-back level or strong support zone where you have to be careful, when crossed then you can see more downside of 1000+ points. But I am not expecting that. I expect the bounce-back from that level.

3. For risky traders follow the Blue trend line to enter the trade early as per your own risk.

Niftybank intraday trading 12-10-2021

Niftybank 15 minute a candle:

1. Niftybank will be bullish above 38400 but risky traders can see the price action at the level of 38265 (Orange line) and it should be above thin red trend line.

2. Nifty bank did not sustain the level of 38400, yesterday but it is bullish because it has not broken the significance level of 38100. If broken today, then you can see the downfall till 37700 levels.

3. Newbie traders can avoid trading in the range of 38100-38350.