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.

Nifty bank intraday trading range 06-10-21

 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.

Nifty bank intraday trading view 05-10-21

 Banknifty 15 minutes a candle:

1. Nifty bank will be bullish above 37673 level as per market sentiment it is bullish. You can go for upside trading if it crosses the level of 37673, at once and take advantage of short covering. This trade is valid when market opens flat and goes towards 37673 level.

2. Nifty bank will be bearish below 36400 level but the market sentiment is bullish, so bearish side trading is not recommended.

3. If Nifty bank opens GAP-UP above 37700 levels then wait for the opportunity.

4. If Nifty bank opens GAP-down then avoid the trade.

 

Nifty bank intraday trading 01-10-2021

 Banknifty 15 minute a candle view:

1. Nifty bank is misbehaving between 37700 and 38000, so this will be our no trading zone because, Nifty bank reverses from any level.

2. Nifty bank will only be bullish above 38000 but as market sentiment, I do not recommend to go for buy side/upside until it crosses 38000.

3. Nifty bank will only be bearish below 37300 but for the past few days, Nifty bank reverses to upside levels. If Nifty bank take support of 37300 levels with a 15 minutes bullish candle with a follow up candle then go for buy side/upside. But if a 15 minutes candle close below 37300 levels with bearish sign then buy ATM PUT for fast downside till 37000 or if sustain 37000 level then 36500 levels will be seen.