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-03. 2020

N
Ninad
03/06/2020 0 0

Banknifty crossed the first hurdle of 20400 and closed above it. 20400 is a significant number for Banknifty as it is a 3-digit Gann Degree Number for Banknifty.

 
The price structure on the Daily chart is looking Very Bullish. Price is at the upper Bollinger band that looks like expanding. But more critical is Time calculations suggesting a sharp move in the coming two days.

Time Calculations: Based on Trading Days

From low made on Mar-24 to Top made on Apr-30 = 23
From Apr-30 to Jun-04 = 23
 
From Apr-30 Top to May-12 Low = 7
From May-8 Top to May-22 Low = 7
From Low of 22 to Jun-03 = 7
 
So Jun-3/Jun-4 are essential days.
 
India VIX:
 
Time calculations based on Gann Box for India VIX (Daily chart) is also suggesting Jun-03/Jun-04 as important days as sharp moves in VIX (either side) likely. Observe move around previous vertical timelines.
 
 
Daily/Weekly Gann Box shows price broke the resistance of angles and we may see good upmove.
To summarise, if Banknifty sustains above 20400, we may see a good upmove towards 21100/21300. If it falls below 20400, then it can go to 19700/19000.
 
 
 
0 Dislike
Follow 2

Please Enter a comment

Submit

Other Lessons for You

How to Trade Stocks
Method :- Knowing How to Trade Stocks Consider getting a broker. The easiest way to trade stocks will be to pay someone else to trade stocks. ... Find a website or service to use to...

Profit with Candlestick Pattern
Title: Understanding Candlestick Patterns: A Comprehensive Guide Introduction: Candlestick patterns are an essential tool in technical analysis for traders and investors in financial markets. Originating...

Lagging Indicators, Learning Cards for a Wise Trader
Lagging indicators Lagging indicators are mostly derived using an average of previous price action data. So think of moving averages indicators as you feel about Lagging indicators, for example- Simple...

What is the best way to invest money at the age of 23 in India?
Hello, I too am of age 23, so I guess our thinking will match a lot and lets explore the possible ways to invest money. Firstly, We should have a life cover, since you are just 23, cover of 1 crore is...

Top 10 tools in Technical Analysis to earn from Stock Market
There are 250 tools and techniques in the stock market which are available worldwide. But a trader is confused which tools should be used. So we would share the secret of the money making through technical...
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