BANKNIFTY--Breakout or Breakdown??Price is continuously rejected to the upside from 45900 zone....
but failed to move upside...
if price breaks and retest will go for upside...
if price breaks below,45900 level, we will look for buy side in the demand zone @45600 level..
tomorrow also price mostly in a range...if falls below 45900.
bottom demand pushes the price up...multiple rejection area will pushes the price down..
we have a bullish gap left behind the demand zone...keep an eye on these levels.
until price breaks these we cannot say anything further momentum.
so tomorrow mostly price is in consolidation...between the demand and HH, if falls below 45900
If price breaks the trendline and gives us retest will go for buying...up to the ATH Level.
will see what happens tomorrow...in live market.
Bankniftyintradaylevels
25 JULY 2023 EXPIRY DAY 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 46200 and taking Support from 46200 then open target for T1-46300,T2-46500,T3-46600
If the Banknifty Gap-Up opening sustain Below 45600 and taking resistance below 45600 then the open Targets for T1-45400,T2-45300,T3-45100
Major Levels 46000,46200,45500
If the market stande in this area of 45600 to 46200, then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(24/07/2023) Today will be gap Down opening in BANKNIFTY . After opening if banknifty start trading below 45950 level then possible downside rally of 400-500 points upto 45550 Level. Any Major upside only expected in case banknifty starts trading Above 46050 level.
24 JULY 2023 EXPIRY DAY 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 46200 and taking Support from 46200 then open target for T1-46300,T2-46500,T3-46600
If the Banknifty Flat opening sustain Below 45800 and taking resistance below 45800 then the open Targets for T1-45700,T2-45600,T3-45400
Major Levels 46000,46200,45800
If the market stande in this area of 45800 to 46200, then it is possible that even today the market will remain in the range.
21 JULY 2023 EXPIRY DAY 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 46000 and taking Support from 46000 then open target for T1-46200,T2-46300,T3-46400
If the Banknifty Gap-Down opening sustain Below 46000 and taking resistance below 46000 then the open Targets for T1-45800,T2-45700,T3-45500
Major Levels 46000,46200,45800
If the market stande in this area of 45800 to 46200, then it is possible that even today the market will remain in the range.
banknifty pre market analysis21JULY ANALYSIS:
Daily analysis:
Banknifty
side: if market gives breakout after some consolidation then buy(PS-50%)
gapup: for gap up wait for price-action and then buy if market goes up after taking support (ps-50%)
if a morning star candle formed(inverted candle with wick) then we can sell in very less quantity (ps-20%)
gapdown: if gives breakout upside after 5 min hammer candle we willbuy
below 45700 is sell zone. before that we will not sell in high qty
20 JULY 2023 EXPIRY DAY 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 45500 and taking Support from 45500 then open target for T1-45600,T2-45700,T3-45900
If the Banknifty Gap-Up opening sustain Below 44500 and taking resistance below 44500 then the open Targets for T1-44400,T2-44200,T3-44000
Major Levels 45400,45600,45500
If the market stande in this area of 45500 to 45700, then it is possible that even today the market will remain in the range.
banknifty pre market analysis19JULY ANALYSIS:
Daily analysis:
Banknifty
side: if market gives breakout after some consolidation then buy(PS-50%)
gapup: for gap up wait for price-action and then buy in small qty if market goes up after taking support (ps-30%)
gapdown: on big gap down we will buy after 5 min, as market will again try to go up after opening near demand zone.
19 JULY 2023 EXPIRY DAY 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 45500 and taking Support from 45500 then open target for T1-45600,T2-45700,T3-45900
If the Banknifty Gap-Up opening sustain Below 44500 and taking resistance below 44500 then the open Targets for T1-44400,T2-44200,T3-44000
Major Levels 45400,45600,45500
If the market stande in this area of 45500 to 46000, then it is possible that even today the market will remain in the range.
18 JULY 2023 EXPIRY DAY BANKNIFTY SUPPORT AND RESISTANCE LEVELS
Hello 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 45600 and taking Support from 45600 then open target for T1-45800,T2-46000,T3-46100
If the Banknifty Gap-Up opening sustain Below 44500 and taking resistance below 44500 then the open Targets for T1-44400,T2-44200,T3-44000
Major Levels 46000,45600,45500
If the market stande in this area of 45500 to 45300, then it is possible that even today the market will remain in the range.
BANKNIFTY--Bull Trap or Bear Trap ??The index price is still trading in a channel...
will this channel breakout.... or continue it's momentum towards downside....
we are at important zone...i.e 44500 zone...
today price comes almost near to this zone and showed a bullish momentum towards upside...
But we are still having some bullish gap left @44400 level...
if today's bullish momentum is a bull trap, tomorrow price will be bearish...
opens gap down fill the bottom side gap and moves up... or continue fall bottom levels, to grab the liquidity on buyside.
If this a bear trap...still those who are buying puts after a strong bullish momentum puts are available at cheaper price...price will opens again gap up and takes all the liquidity on put side..
fills bearish gap and again falls from that level...
so without confirmation, we cannot say anything ....as per the price movement it is in a channel.so we are taking any decision after breaking this channel...
Will see what happens in the upcoming session.
If this is helpful...please do follow and give a like.....
Thank you guys...those who are supporting me...
Have a nice weekend.
17 JULY 2023 EXPIRY DAY 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 45100 and taking Support from 45100 then open target for T1-45200,T2-45400,T3-45500
If the Banknifty Gap-Up opening sustain Below 44600 and taking resistance below 44600 then the open Targets for T1-44400,T2-44200,T3-44000
Major Levels 45000,44200,44600
If the market stande in this area of 45100 to 44600, then it is possible that even today the market will remain in the range.
14 JULY 2023 EXPIRY DAY 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 45000 then open target for T1-45200,T2-45300,T3-45500
If the Banknifty Flat opening sustain Below 44500 and taking resistance below 44500 then the open Targets for T1-44300,T2-44200,T3-44000
Major Levels 45000,44500,44600
If the market stande in this area of 45000 to 44500, then it is possible that even today the market will remain in the range.
13 JULY 2023 EXPIRY DAY 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 44500 and taking Support from 44600 then open target for T1-44700,T2-44800,T3-45000
If the Banknifty Gap-Up opening sustain Below 44400 and taking resistance below 44400 then the open Targets for T1-44200,T2-44100,T3-44000
Major Levels 45000,44500,44600
If the market stande in this area of 45000 to 44500, then it is possible that even today the market will remain in the range.
12 JULY 2023 EXPIRY DAY 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 last day Above 45200 and taking Support from 45200 then open target for T1-45400,T2-45500,T3-45700
If the Banknifty Gap-Up opening sustain Below 44700 and taking resistance below 44700 then the open Targets for T1-44500,T2-44600,T3-44400
Major Levels 45200,45000,44800
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.
11 JULY 2023 EXPIRY DAY BANKNIFTY SUPPORT AND RESISTANCE LEVELS
Hello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Up
After A Gap-Up opening if Banknifty sustain last day Above 45200 and taking Support from 45200 then open target for T1-45400,T2-45500,T3-45700
If the Banknifty Gap-Up opening sustain Below 44700 and taking resistance below 44700 then the open Targets for T1-44500,T2-44600,T3-44400
Major Levels 45200,45000,44800
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.
06 JULY 2023 EXPIRY DAY 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 45400 and taking Support from 45400 then open target for T1-45600,T2-45700,T3-45800
If the Banknifty Gap-Down opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44700,T3-44600
Major Levels 45200,45000,44800
If the market stande in this area of 45000 to 45200, then it is possible that even today the market will remain in the range.
06 JULY 2023 EXPIRY DAY 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 45000 then open target for T1-45200,T2-45400,T3-45600
If the Banknifty Gap-Down opening sustain Below 45200 and taking resistance below 45200 then the open Targets for T1-44800,T2-44700,T3-44600
Major Levels 45200,45000,44800
If the market stande in this area of 44800 to 45200, then it is possible that even today the market will remain in the range.
05 JULY 2023 EXPIRY DAY 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 45000 then open target for T1-45200,T2-45300,T3-45400
If the Banknifty Flat opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44700,T3-44600
Major Levels 45200,45000,44800
If the market stande in this area of 44800 to 44500, then it is possible that even today the market will remain in the range.
04 JULY 2023 EXPIRY DAY 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 45500 and taking Support from 45500 then open target for T1-45600,T2-45700,T3-45800
If the Banknifty Flat opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44700,T3-44500
Major Levels 45000,45500,45200
If the market stande in this area of 45000 to 45500, then it is possible that even today the market will remain in the range.