BANK NIFTYIf you're interested in trading BANKNIFTY, it's important to note that BANKNIFTY is currently in an uptrend. Here are some levels to consider.
Bankniftyintradaylevels
BankNifty Levels For 01/07/24According to the research i've done, market is most likely to open upside and go up as market has the support of supertrend along with RSI under 20, but in other situations If it comes downside It will have to suffer through a great support of level 51950 - 52000, if it breaks down this support it can go further downside. The other scenario can be that the market touches 53200 and comes back downisde, with the highest chances of happening, in the last scenario it can break through 53200 and go further upside till 53500 or even 54000. Hope It Helps :)
1 JULY 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSGood Morning everyone,
According to the data today market is going to open gap down
Focus to buy above 52000 if sustain above 52000 focus for reversal
After A gap down opening if Banknifty sustains Above 52000 and takes Support from 52000 then open target for T1-52200, T2-52300,T3-52500
If the Banknifty gap down opening sustains Below 51900 and takes resistance below 51900 then the open Targets for T1-51800, T2-51700,T3-51500
Major Levels 52200,51900,52400
If the market stands in this area of 52000 to 51900 then it is possible that even today the market will remain in the range.
25 JUN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap down
After A gap down opening if BankNifty sustains Above 51200 and takes Support from 51200 then open target for T1-51400, T2-51500,T3-51600
If the BankNifty gap down opening sustains Below 51200 and takes resistance below 51200 then the open Targets for T1-51100, T2-51000,T3-50900
Major Levels 51500,51600,51700
If the market stands in this area of 51400 to 51600, then it is possible that even today the market will remain in the range.
21 JUN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A gap up opening if BankNifty sustains Above 51500 and takes Support from 51500 then open target for T1-51600, T2-51700,T3-51900
If the BankNifty gap up opening sustains Below 51500 and takes resistance below 51500 then the open Targets for T1-51300, T2-51200,T3-51000
Major Levels 51500,51400,51600
If the market stands in this area of 51500 to 51800, then it is possible that even today the market will remain in the range.
20 JUN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A gap up opening if Banknifty sustains Above 51000 and takes Support from 51000 then open target for T1-51200, T2-51400,T3-51500
If the Banknifty gap up opening sustains Below 51000 and takes resistance below 51000 then the open Targets for T1-50800, T2-50700,T3-50600
Major Levels 51000,51200,50800
If the market stands in this area of 51000 to 50800, then it is possible that even today the market will remain in the range.
19 JUNE 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
Focus to buy above 50200 if sustain above 50100 focus for short selling
After A gap up opening if Banknifty sustains Above 50200 and takes Support from 50200 then open target for T1-50400, T2-50500,T3-50700
If the Banknifty gap up opening sustains Below 50200 and takes resistance below 50200 then the open Targets for T1-49900, T2-49800,T3-49700
Major Levels 50200,50300,50100
If the market stands in this area of 50000 to 50200 then it is possible that even today the market will remain in the range.
BANKNIFTY BUY BANKNIFTY GO FOR LONG
Trade reason :
1)Day time strong uptrend & travel with Channel pattern
2)Strong Level Bottom Support - 47000 level
3)1 Hr time frame Makes HH . Entry confirmation
Entry - 48100
Target 1 -49000
Target 2 - Channel Top . New Highs Possible
Stop - 47300
Thank you ... Happy trading
49600 Bear cartel Yesterday's sell off was evident from the third hour when the momentum was arrested at once. I did not read it back then. Lost money expecting ATH. It was picture perfect price action. Let us see Bank Nifty will continue the uptrend today OR retrace further down before it continues the rally to ATH.
48500 Sting Bank Nifty could face big bears at 48500. The next stop and retrace level could be the 50% retracement and could consolidate for big moves on expiry tomorrow. Again will wait to get a feel of the intend of big hands before jumping into trades.
Uncertain Bank Nifty has not reached the X marked spot yet. A little higher ticks can be expected before it consolidates OR is shot down to a short term low. I will be more comfortable shorting Nifty at open.
[INTRADAY] #BANKNIFTY PE & CE Levels(17/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 level in todays session. Any Major downside only expected in case banknifty starts trading below 47950 level.
A steeper slope to climb!The "Channel bottom visit" we were referring to a few days ago, is done and the Level we marked " TO be protected" on 2nd May has been visited and protected (No close below that). We got the ritualistic bounce off there and now what ? The way back up to the top of the channel is not going to be an easy one and looks less probable. Was this bounce, induced by Amit Shah? If so, Banks will need a reason better than that to sustain the upward momentum. Not able to look up as of now. Shorting on upticks would be my mindset going into trade today.
Crucial support level. This is the support we have been waiting for since 2nd of May. Now that we have made daily candles that look a lot like reversal candles to me, I am absolutely sure about being unsure on what to to. Will perhaps let Bank Nifty decide for herself on a moon first. Till then, I have a seat with the audience.
Ritual pendingIf the ritual we mentioned yesterday plays out, a PUT buy in Bank nifty could be the trade of the year. But again Bank Nifty is also at a crucial FVG level. And to the bottom of the channel, it has a long way to go.
Bulls on slippery slope. The last time Bank Nifty tried going up without testing the bottom of this channel was in Jan 2024. Look at what happened then. We opened to a large Gap down and completed the ritual. That ritual is pending in Bank Nifty. If that is the case, we will see a sting into the bottom before we continue higher.
Battle of StraddlesThe FVG has been respected and this implies we are ready to fly. All will depend on the nerves of 49500 straddle writers. What steel their nerves are made of. If they run, Bank nifty runs to 50k. Now 50K is a psycho level and so are the sellers there. Overall I am bullish.
Was never with the bears.Bank Nifty was never bearish the whole time. There is every possibility that 49300 will be protected this week. Every dip in the morning should be seen as a chance to buy calls. Unless some extraordinary selling comes in the market, Bank Nifty should either consolidate or fly. The only negative is the bearish day candle formed yesterday. The top of which will be the SL for Call writers.
banknifty banknifty after breakout all timr high its rally going 4.70 percentage so 51000 banknifty reach chance
Now what ?Bank nifty in in no man's land. The close of tomorrow's candle will give us some level to mark. There seems to be decent absorption at 49580. But how strong these shorters are will be have to be seen tomorrow. Ideally a HANDLE will have to be formed for a healthy up move. Now, how big a handle?
Banknifty Intraday Levels : 29-Apr-24Banknifty closed below earlier supply zone & taken Trendline support so wait for Breakout or rejections at zones
Bullish > 48570
Bearish< 48050
All views for Educational Purpose do your own analysis before initiate trades.
[INTRADAY] #BANKNIFTY PE & CE Levels(19/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 46950 level then possible downside rally of 400-500 points upto 46550 Level & this rally can can extend another 400 points if market gives breakdown 46450 level in todays session.Any Major upside only expected in case banknifty starts trading above 47050 level to 47450 level.
Bank NiftyPair : Bank Nifty
Description :
Impulse Correction
Bullish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves
