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.
Nifty bank 15 minute a candle:
1. Nifty bank will be bullish above 38100 by breaking with big volumes because Nifty bank is retraced many time from this level.
2. If Nifty bank opens flat and moves up wards crossing the level of 37850, then you can go for CE with little quantity for little profit.
3. Nifty bank will be bearish below 37650, but it seems a big support. If it breaks downside then we can see selling pressure till 37300 levels.
A week a candle:
Nifty bank has to give a break out above 38100 level and sustain for further up move after clearing the level of 38400, otherwise we can see the levels of 35000-36000 in short term depending on the Q2FY22 results. First, HDFC Bank is declaring its result on 16-10-2021 (Saturday). Therefore, before 16-10-2021, Nifty bank has to sustain above 38100 and if above 38400, then it will be awesome to pick the GRAND move of this year. According to me, Nifty bank will consolidate between 38000 and 37300/37000 in the coming week.
A day a candle:
Look for the zig-zag of the Nifty Bank and it is sustaining above 37700 levels means it is mild bullish, if above 38100 then it will be strongly bullish to achieve 39000 levels in a day, but below 37300, it will be mild bearish and if breaks 37000 then strong bearish; selling pressure can be seen. According to me, Nifty bank will consolidate between 38000 and 37300/37000 in the coming week.
Another view: A day a candle:
A candle an hour:
1. Nifty bank is expected to open GAP-UP according to SGX Nifty at 08:00 AM IST, so watch out for the level of 37700 for Bullish sign and then trade.
2. If reject the level of 37700 with bearish sign, then do not trade, it might be a trap.
Nifty bank 15 minute a candle view:
1. Nifty bank has given a break out from the level of 37500 and inching towards 38000 levels, but there is big hurdle of consolidation between 37900-38050 range, which is a no trading zone so avoid trading in this zone.
2. Nifty bank will be bullish above 38050 levels after few candles of consolidation. If it breaks without consolidation then do not go for trade, immediately. Wait for the confirmation that breakout is valid or fake.
3. Nifty bank will be bearish below 37600 levels, immediately, but there is no sign of bearishness in the market or global sentiment. What I think Nifty bank will achieve 38500 levels in this week, only (lets hope so).
4. If Gap-up or Gap-down, please avoid trading and wait for the market to give some confirmed signal.
