Niftybank and Nifty 50 intraday trading levels 17-11-21

 Nifty Bank: 15 minutes a candle

1. Nifty bank is looking bearish and most of the banks are in selling spree, specially private banks and lenders. If Nifty bank breaks the level of 38000, then you can see heavy selling with fast movement till 37500 or further 37000.

2. Nifty bank will become bullish when crosses 38550 level and hold for an hour then you can see upward movement but the movement will be slow.

3. If Nifty bank opens GAP-DOWN below 39000, then you can see immediate selling.

4. If Nifty bank opens GAP-UP around 38500, then wait for some time and trade accordingly.

Nifty 50: 15 minutes a candle

Nifty 50 closed below 18000, if it opens flat and goes down then you can see the level of 17800 and it it breaks 17800, then 17500 will be seen in quick time. Upward movement in Nifty 50 will be seen if it crosses 18050 with enough volume and all major components of Nifty 50 should support to go up. But it is looking bearish and on daily chart the price action suggest bearishness in short term.

 

Niftybank and Nifty 50 intraday trading levels 16-11-21

Nifty Bank: 30 minutes a candle

1. If Nifty bank opens flat and crosses 38800, then Nifty bank will achieve the target of 39050.

2. If Nifty bank opens flat and breaks 38600, the Nifty bank will touch 38450.

3. If opens Gap-up around 39000 levels, then wait the range and when the range breaks either side then trade accordingly.

4. If opens Gap-down around 38500 levels, then wait for the range and when it breaks either side then trade accordingly.

 

Nifty 50: 30 minutes a candle

Nifty 50 was bullish in last trading session but can not continue. It is waiting for some good news to move upward. Let see, if there is any news before the expiry. If not then it will break 18000 to again touch 17800 levels or 17500 levels, further.

Niftybank and Nifty 50 intraday trading levels 15-11-21

Nifty bank: 15 minute a candle

1. Nifty bank will become bullish above 38825 and sustain for sometime to achieve the target of 39100 and 39500, but the movement can be slow.

2. Nifty bank will become bearish below 38475 and sustain for few minutes to achieve the target of 38000 or more, movement will be fast.

3. Risky and professional traders can enter the trade, early, if Nifty bank crosses the Red trend line, then they can buy ATM PE/PUT.

 

Nifty 50: 15 minute a candle

Nifty 50 is in bullish trend and will continue it's bullish trend if crosses 18120 level otherwise it will make a range between 18000-18100. It will be bearish below 17800 but risky traders can enter the trade early when crosses the Red trend line and the buy PE.

 

Nifty 50 weekly view 15-11-21 to 19-11-21

A week a candle:

Nifty 50 has made a bullish dragon-fly candle stick pattern after taking the support of 17800 levels and also, crossed and closed the last trading day's green candle, which indicate the sign of bullishness in coming days. If you see the Third-last big red candle and Second-last small green candle, they show the pattern of "Inside bar" or "Bullish harami" candle pattern and last green dragon-fly candle confirmed the bullish sentiment. The traders can make new position with the target of 18500 to achieve till expiry.

 

A day a candle:

Nifty 50 followed everything: the support of 17800, above blue trend line, crossed and closed the last swing high as per the Elliot wave theory, etc. which indicated the sign of bullish sentiment in coming days or so. New positions can be made because the Futures data shows the bullish nature of Nifty 50, voluminous Futures has been bought on Friday i.e. 12-11-21. You can see the target of 18500-18600 levels, if there is nothing bad happens.

 

Nifty Bank weekly view 15-11-21 to 19-11-21

 A week a candle:

On weekly candle basis, Nifty bank is following and taken the trend line as support. If has rejected the level of 38500, twice. It is suggested that let the market decide the up-move or down-move, then trade accordingly. Due to festive season, many retail traders and investors, FII and NII, took out some money from the market, that is why we see the downfall. But new investment has begun as Futures data of Nifty bank is strong and voluminous Futures has been bought on Friday trading session i.e. 12-11-21.

 

A day a candle:

Nifty bank is at the verge of "MAKE or BREAK" level. If it trades above 39000 then we can see the first target of 40100 levels and then it may take a pause for more upside. If it breaks the level of 38400 and trade below this then we can see the fast downside movement till 37500 levels or more. But it is not recommended to trade downside except for risky and professional traders. Market has made an "Inside candle" pattern or "Bullish Harami" candle stick pattern which means market will be bullish if it crosses and sustain the last day's higher price of the candle. If it crosses the lower price of the candle then bearish sentiment. But yes market is at the Red trend line support and rejected it and made a green bullish "Dragon Fly" candle; so if market crosses and sustain above the Blue trend line then risky traders initiate buying CE.