Pre-market Analysis for 2nd Nov,
Bank Nifty is currently trading in the range of 42800-42600
If it breaks above 42800 or opens gap up, plan to go long with a target of 43200
However, if BNF opens gap down or trades below 42600, plan to go short with a target of 400-500 points.
Pre-market Analysis for 31st Oct,
BNF is currently at 43,080 levels.
There can be 3 possible scenarios from here, and plan accordingly.
If BNF opens flat and breaks the 43,120 level, plan for going long with a target of 43,400.
Continuation in Thread.
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If BNF opens around 43000 and respects the resistance at 43,100 levels, we may see a volatile market ranging from 42800 to 43100.
If BNF opens gap down below 42800 levels, aggressive selling may occur as buyers will get trapped. Downside till 42400 level
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Pre-Market Analysis for 18th Oct,
The Bank Nifty is currently trading at the 44,450 level and has been in the range of 44,700 to 44,200. According to my analysis, this range should be avoided for trading.
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Premarket Analysis for 10th Oct,
As of now, the Bank Nifty is at 43900. If the market falls below 43800, we might see the BNF reaching 43500.
On the other hand, if the market opens at 44000 or higher, it could fill the gap till 44330, which will then serve as a resistance level.
Pre-Market Analysis for 5th Oct,
Currently, Bank Nifty is trading between 43850 and 44000. If the market stays above 44000, we may see a gap fill at 44200 levels, or even the gap being filed.
If bnf breaches the 43850 levels, it is possible that the 43600 levels will be reached.
Pre-Market Analysis for 4th Oct,
Currently, Bank Nifty stands at 44,400 levels. If it breaks below 44,250 or 44,200 levels, consider going short with a target of 43,850 levels.
If the market holds at the support level of 44,250, it could stay within the range of 44,600 to 44,200
Pre-Market Analysis for 3rd Oct,
BNF is currently experiencing a downtrend, as it continues to make lower lows and lower highs in the market.
Recently, the BNF made an LL of 44200 levels and an LH of 45000. If the 44200 level is broken, the plan can be to go short till 43850.
Pre-Market Analysis for 28th Sept,
The plan for Bank Nifty is to go long after a breakout of the 44,700 level. Expect an upward movement of 250 points until the 44,950 level.
Happy Trading!!
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