UrbanPro
true

Learn Stock Market Trading from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

BankNifty Update For Jun-30, 2020

N
Ninad Deshmukh
30/06/2020 0 0

Banknifty opened a 300 points gap down just below our level of 21300 and achieved our 1st bearish target of 21050 (Low made was 21026). After consolidating throughout the day in the range of 21100-21200, it moved sharply up in the last hour making top @ 21440.

 
The daily chart shows Banknifty took support along the lower line of the channel. The possibility of upmove towards the upper trend line (Black) is possible in the coming days, which lies around 22700.
The hourly chart shows Banknifty @ resistance of 30-EMA. Upmove may face resistance @ 21600-650 and 21800. Only sustaining above 21800 opens a further possibility of upmove towards 22000/22250.

VIX:

The daily Gann Box shows the reversal from the angle. So further cool off in VIX is likely unless this angle is broken.
 

FNO Data:

The spot to future discount is still very high @ 123. A not very significant change in future OI(only 2.55% reduction) 
 

Trend Plan:

Above 21650 targets are 21800/22000
Below 21300 targets are 21100/21900
0 Dislike
Follow 2

Please Enter a comment

Submit

Other Lessons for You

Predict Share Market
How to Predict Share Market As traders, we must still place the corresponding orders to enter and exit positions at the right times and in the right directions in order to profit. Simply understanding...

What is the share market?
What is the share market?The stock market is an everyday term we use to talk about a place where stocks and bonds are "traded" – meaning bought and sold. For many people, that is the first thing...

What makes more profits and lesser losses? Buying of options or selling of options?
People think there are two types of trends; Up-trend and down-trend. And the biggest trade mistake is committed to this wrong concept. In fact, there are not two but three trends: 1. Up Trend 2. Down...

Indicators - Technical
Indicators The categorisation of Indicators: By what they tell. By the data they use. By lagging vs leading types. Oscillators and Non-Oscillators. Indicators By what they tell: Trend Indicators Momentum...

Nifty Overview
Nifty Closed at 11994 below its strong support at 12020 level which is a strong level for the stock because of which further drawdown in stock can be expected further the stock can be seen moving towards...
X

Looking for Stock Market Trading Classes?

The best tutors for Stock Market Trading Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Learn Stock Market Trading with the Best Tutors

The best Tutors for Stock Market Trading Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more