25 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Above 45000 and taking Support from 45200 then open target for T1-45300,T2-45400,T3-45500
If the Banknifty Gap-Down opening sustain Below 44250 and taking resistance below 44250 then the open Targets for T1-44100,T2-44000,T3-43900
Major Levels 44000,44300,44500
If the market stande in this area of 44500 to 44000, then it is possible that even today the market will remain in the range.
Bankniftyintradaylevels
BANKNIFTY--Liquidity lies @43400 ??If case 2 happens, and the strong support @43800 push the price upside...
or price breaks the 43800 and also breaks the 43400 levels...
The result of case 2 is a formation of Head....
the 45100 level acts as Neckline...
the level @44300 is a left shoulder....
the neckline again pushes the price downside to form a right shoulder...
If price failed to break the neckline or price failed to create a right shoulder,
all these indications belongs to more fall in Bank nifty....
The same fall will continues up to 42800 levels. Until keep on sell side...
The chances of Gap down is observed at 45100-44900 level...as every one is ready to look for calls...
(Thinks this time price breaks 45100 level) so don't go for buy or short without confirmation.
at this level do not carry any positions...
Plan A::
Bullish from 43800 levels or (after break of 43400 levels).. to 45100 levels Or 44900 level.
Plan B::
Short side from 45000 levels to Right Shoulder....
here will check right shoulder forms are fall continuation....
(The manipulation area @ Right shoulder)
Plan C::
Short side Continuation from 45000 levels to below Right shoulder, up to 42800-42600 levels.
This month end will manipulate, looks like bullish above 45000 levels, but it is more bearish from the same level up to 42800 levels....
next month from Bearish to consolidation and then bullish...
Keep safe.....
Rare Case ::Plan D ::
Break of Neckline and reaches to 46000 levels.
No chance of Plan D as clears the liquidity below 43400 levels and test of 42800 levels is required...
Note ::
I am not available for Next 1 or 2 weeks so giving much information...
Take care Guys...
If available will try to do some analysis...
Thanks guys for your support....
24 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Up
After A Gap-Up opening if Banknifty sustain Above 44800 and taking Support from 45000 then open target for T1-45200,T2-45300,T3-45500
If the Banknifty Gap-Up opening sustain Below 44000 and taking resistance below 43800 then the open Targets for T1-43600,T2-43500,T3-43400
Major Levels 44000,43800,44500
If the market stande in this area of 44500 to 44800, then it is possible that even today the market will remain in the range.
BANKNIFTY--43600 or 44800.The Bank nifty index opens negative and continue downwards....it is a continuous fall...
today price opens gap down and fills the gap....no sign of bullishness.....
If we consider this as Gap down + strong fall as exhaustion of sellers...
From tomorrow on wards price is bullish.
we can also think that, it's a continuous bearish as it opened down and filled the gap...and may continues to downwards further....
Still it is in confusion for buyers...as it is still in bearish...No sign of bullishness...
If it is a continuous bullishness...we will enter in a retracement.
If fake out happens @43800 levels will enter again long for targets of 44800 levels.
Take care guys....
23 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Flat
After A Flat opening if Banknifty sustain Above 44000 and taking Support from 44100 then open target for T1-44200,T2-44400,T3-44600
If the Banknifty Flat opening sustain Below 43800 and taking resistance below 43800 then the open Targets for T1-43600,T2-43500,T3-43400
Major Levels 44000,43800,44100
If the market stande in this area of 44000 to 43700, then it is possible that even today the market will remain in the range.
22 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Flat
After A Flat opening if Banknifty sustain Above 44000 and taking Support from 44100 then open target for T1-44200,T2-44400,T3-44600
If the Banknifty Flat opening sustain Below 43700 and taking resistance below 43700 then the open Targets for T1-43500,T2-43400,T3-43300
Major Levels 44000,43800,44100
If the market stande in this area of 44000 to 43700, then it is possible that even today the market will remain in the range.
21 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Flat
After A Flat opening if Banknifty sustain Above 44000 and taking Support from 44000 then open target for T1-44200,T2-44400,T3-44600
If the Banknifty Flat opening sustain Below 43700 and taking resistance below 43700 then the open Targets for T1-43500,T2-43400,T3-43300
Major Levels 44000,43800,44100
If the market stande in this area of 44000 to 43800, then it is possible that even today the market will remain in the range.
18 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Above 44000 and taking Support from 44100 then open target for T1-44200,T2-44400,T3-44600
If the Banknifty Gap-Down opening sustain Below 43700 and taking resistance below 43700 then the open Targets for T1-43500,T2-43400,T3-43300
Major Levels 44000,43800,44100
If the market stande in this area of 44100 to 43800, then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(17/08/2023) Today will be gap Down opening in BANKNIFTY . After opening if banknifty start trading below 43950 level then possible downside rally of 400-500 points upto 43550 Level. Any Major upside only expected in case banknifty starts trading above 44050 level. And this rally can extend for another 400 points if it gives breakout of 44550 level.
17 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Above 44000 and taking Support from 44000 then open target for T1-44200,T2-44400,T3-44600
If the Banknifty Gap-Down opening sustain Below 43600 and taking resistance below last day low 43600 then the open Targets for T1-43500,T2-43400,T3-43200
Major Levels 44000,43800,43500
If the market stande in this area of 44000 to 43500, then it is possible that even today the market will remain in the range.
16 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Above 44400 and taking Support from 44400 then open target for T1-44600,T2-44800,T3-45000
If the Banknifty Gap-Down opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43800,T2-43600,T3-43500
Major Levels 44000,44200,43800
If the market stande in this area of 44000 to 44400, then it is possible that even today the market will remain in the range.
#Banknifty Levels for 16-Aug-2023Wizard Levels/Zones
#Banknifty Levels for 16-08-2023(Wednesday)
> If you're following these zones then kindly follow the rules too. Risk management, Position sizing, and Rules.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
[INTRADAY] #BANKNIFTY PE & CE Levels(14/08/2023) Today will be FLAT opening in BANKNIFTY . After opening if banknifty start trading above 44050 level then possible upside rally of 400-500 points upto 44450 Level. And this rally can extend for another 400 points if it gives breakout of 44550 level. Any Major downside only expected in case banknifty starts trading below 43950 level. also possible Reversal Downside 44450 level.
14 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Above 44000 and taking Support from 44000 then open target for T1-44100,T2-44200,T3-44300
If the Banknifty Gap-Down opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43800,T2-43600,T3-43500
Major Levels 44000,44200,43800
If the market stande in this area of 44000 to 44200, then it is possible that even today the market will remain in the range.
10 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Above 45000 and taking Support from 45100 then open target for T1-45300,T2-45400,T3-45500
If the Banknifty Gap-Down opening sustain Below 44500 and taking resistance below 44500 then the open Targets for T1-44300,T2-44200,T3-44100
Major Levels 45000,44800,44500
If the market stande in this area of 45000 to 44600, then it is possible that even today the market will remain in the range.
9 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Flat
After A Flat opening if Banknifty sustain Above 45000 and taking Support from 45100 then open target for T1-45300,T2-45400,T3-45500
If the Banknifty Flat opening sustain Below 45000 and taking resistance below 44800 then the open Targets for T1-44600,T2-44500,T3-44400
Major Levels 45000,44800,45200
If the market stande in this area of 45200 to 44800, then it is possible that even today the market will remain in the range.
BANKNIFTY--Trending Up or Down ??The bank nifty index, entire day price is trading in a range.
Tomorrow we can expect a breakout or breakdown.....
On top side if price breaks the 45100 level and gives us retest will go for long.
on bottom side if price breaks 44600 and retest will go for short side...
at triangle breakdown or breakout no entry will be placed...
fake out may be possible after a consolidation.
One more point after a strong consolidation price is going down means we can expect a strong upside momentum.
careful here.
Today price has taken the liquidity on both sides...eliminating both buyers and sellers.
8 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELS
Hello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-down
After A Gap-down opening if Banknifty sustain Above 45000 and taking Support from 45000 then open target for T1-45200,T2-45400,T3-45500
If the Banknifty Gap-down opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44600,T3-43400
Major Levels 45000,44800,45200
If the market stande in this area of 45200 to 44800, then it is possible that even today the market will remain in the range.
BANKNIFTY--Bull Trap or Bear Trap ??After a strong fall, price is given us retracement.
this retracement is to enter for short side or Enter in long side.
price is clearly taking the support from 45500 levels,
all done on long side up to neckline as mentioned previous.
Now this is very interesting price is given us retracement....
this retracement is for buyers...initiated at strong resistance this will continue upwards again...
this has to break above the 45100 levels....If failed to break above,
otherwise who has initiated longs and carrying Calls, Bulls will be trapped.
After a strong fall, from the major trendline price is continuously falling, so those who missed the previous selling opportunity, those who think that price given us retracement to enter in short side, this is the place to enter for short and they initiated shorts...
if price opens bullish and continue towards upside then it is a bear trap.
One more interesting point is, @45100 levels price is showing strong bearish pressure...
and to test this buyers struggled to reach the zone...
a consolidation to upside is observed...if this is a sign of weakness for buyers on next session will be a falling again.
until price breaks above 45100 levels and retest no bullish view...
it is still in bearish mode only.
I think this post is helpful...
Note::
It might hurt some one, who is carrying calls and puts...
But the psychology of markets behavior is like this only....
As a retail traders we can't take any decisions, we have to move with them...
Thank you very much for your support and encouragement....
Have a nice weekend....
banknifty pre market analysis8 AUGUST ANALYSIS:
Daily analysis:
PS-Position size
Banknifty
side: trade in second half of the market if it breaks range
gapup: wait for price-action, trade in small qty
gapdown: if it gives breakdown then selll (ps-50%)
big gapdown: we will sell only if it gives breakdown after some consolidation
7 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-up
After A Gap-up opening if Banknifty sustain Above 45000 and taking Support from 45000 then open target for T1-45200,T2-45400,T3-45500
If the Banknifty Gap-up opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44600,T3-43400
Major Levels 45000,44800,45200
If the market stande in this area of 45200 to 44800, then it is possible that even today the market will remain in the range.
4 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Flat
After A Flat opening if Banknifty sustain Above 44500 and taking Support from 44500 then open target for T1-44700,T2-44900,T3-45100
If the Banknifty Flat opening sustain Below 44300 and taking resistance below 44300 then the open Targets for T1-44200,T2-44100,T3-43900
Major Levels 44500,44300,44600
If the market stande in this area of 44500 to 44300, then it is possible that even today the market will remain in the range.
BANKNIFTY--Hidden Head & Shoulders Pattern??A pattern(Head and Shoulders) inside an another pattern of (Head and Shoulders) in Higher time frame....
If the Trendline or Neckline on the inside pattern of Head and Shoulders acts as resistance,
there will be an one more fall happens in Bank nifty.
which is more dangerous than this one.
Keep watch these internal levels and external levels....they will acts as support and resistance.
keep look at these levels....
Happy Trading guys....
Note::
I am not available for the next 1 or 2 weeks....
Thank you guys for your support and Encouragement.
will be back soon...