Tuesday, 18 January 2022

Tomorrow banknifty prediction|19-1-2022

Banknifty chart analysis

Banknifty had a strong up move in the earlier part of the day. But it shows a definite bearish trend at the end of the day.

Banknifty daily chart analysis

banknifty future shows strong bearishness for the last 3 trading days. Today it closed below 5 EMA high again. 38120 to 37800 will act as solid support for BNF.

Any positional long can be initiated above today's high.

Banknifty open interest analysis

FII & Pro is net short by -339987 contracts. The market witnessed writing at 38500 and ITM call writing at 38000.

ATM IV is 47 and 20 days realized volatility is 15. This shows options are priced high due to fear factors.

Astrological forecast for tomorrow

Important planetary positions:

  • Mercury retrograde
  • Sun ingress
  • Uranus became direct from retrograde

Mercury retrograde indicates a significant change in the market. Tomorrow mercury star day and mercury will be sub lord while the market opens, so break out of opening range breakout will decide the trend for the day.

A big movement is expected and even within a single trading day, we can see wild movements of 1000 points.

International market impact

Fed officials say rate hikes near as inflation soars, creating a panic in the market.

Tomorrow bank nifty bullish or bearish

The market trend will decide by 9:45 AM. I expect a sideways to bearish move in the market.

Expert view on banknifty levels (source: Brahmesh technical analysis

  • Buy Above 38300 Tgt 38387, 38475 and 38678 (Bank Nifty Spot Levels)
  • Sell Below 38067 Tgt 37920, 37777 and 37610 (Bank Nifty Spot Levels)

No comments:

Post a Comment