Niftybank intraday trading 13-10-2021

 Niftybank 15 minute a candle:

1. Nifty bank will again be bullish when crosses 38600 as 38500 is a break-out level. Now, we can see the levels of 40000 in coming week.

2. Nifty bank will be mild bearish below 38375 as there are many candles supporting the level, therefore, it can be seen as bounce-back level for fast upward movement. Look for the bullish candle or price action at this level for bounce-back.

3. Nifty bank will be bearish below 38150 level, which can lead till 37700 level, then 37350 or 37000, which I do not expect, at least for today.

4. There will be no trading zone between 38375 and 38150, you can be trapped in the volatile movement. So, avoid trading in this zone or gap-down at the mentioned levels.

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.

Nifty bank intraday trade 11-10-21

 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.

 

Nifty Bank next week view 11-10-21 to 14-10-21

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:

Nifty bank intraday trading 07-10-21

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.