[INTRADAY] #BANKNIFTY PE & CE Levels(28/02/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46550 level then possible upside rally of 400-500 points upto 46950 level & this rally can extend another 400 points if market gives breakout 47050 level in todays session .Any Major downside only expected in case banknifty starts trading below 46450 level.
Bankniftyintradaylevels
[INTRADAY] #BANKNIFTY PE & CE Levels(27/02/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 46450 level then possible downside rally of 400-500 points upto 46050 Level in todays session.Any Major upside only expected in case banknifty starts trading above 46550 level.
27 FEB 2024 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 sustains Above 46500 and takes Support from 46500 then open target for T1-46700, T2-46800,T3-47000
If the Banknifty gap down opening sustains Below 46400 and takes resistance below 46400 then the open Targets for T1-46300, T2-46200,T3-46000
Major Levels 46500,46400,46700
If the market stands in this area of 46400 to 46600 then it is possible that even today the market will remain in the range.
26 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open flat
After A gap flat opening if Banknifty sustains Above 47200 and takes Support from 47200 then open target for T1-47300, T2-47400,T3-47600
If the Banknifty flat opening sustains Below 46800 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500
Major Levels 47000,46800,46500
If the market stands in this area of 47000 to 46800 then it is possible that even today the market will remain in the range.
Bank Nifty Positional chart viewHourly chart shows M pattern breakout. Initially i though it is head and shoulder but instead it formed M pattern and trend indicates downward movement. (posted in my previous post).
Right now, on Daily chart it looks it didn't proceed with W pattern. BankNifty has trapped CE buyers who would have thought that it'll fill the gap upper side. Some downnside movement in past 3 days but it was a good fight. Bulls are not exhausted yet.
BANKNIFTY--Case1 or Case2??BANKNIFTY Index is showing bearish pressure after the liquidity grab above 47200 levels,
tomorrow we have a chance of price trading in a channel and likely to test the demand zones at
46500 levels...
these two possible cases may happens ::
Case1::Rally base Rally
A strong rise is observed from the demand zone at 46500 levels, by creating a bearish channel price may test this demand and again be bullish.
on topside if rally base rally happens the next resistance is 47600-47700.
So take care of your trades.
Case 2:: Rally Base Reversal
On topside we have a triple top, which is a strong resistance so, we can expect a break below the the demand zone and it will continue its movement towards bottom side.
Look for buy if the price grabs the liquidity on below the demand zones and keep in long side from demand zones.
BANKNIFTY Analysis??Double Bottom is Observed...A Strong reversal is observed from support levels @44400 levels.
A lot of liquidity is lies above the 47200 levels.
A Continuous move is identified in Banknifty index, after the liquidity grab on topside above 47200 levels,
we have a chance of fall back.
on top side we have a trendline as well.
keep safe in this area of resistance zone...
BANKNIFTY--Inverse Head & Shoulders??Banknifty Index created a inverse Head and Shoulders pattern...
price broken the neckline strongly...and retested.
on topside clearly resistance is at 46200 and 46500-46550 levels...
keep in long side until price is above the neckline...
no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below support levels.
If price gives an elimination move below 45500 levels...
look for long side...up to the resistance levels.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/02/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 level & this rally can extend another 400 points if market gives breakout 46550 level in todays session .Any Major downside only expected in case banknifty starts trading below 45950 level. also possible Reversal downside 46450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(15/02/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 level & this rally can extend another 400 points if market gives breakout 46550 level in todays session .Any Major downside only expected in case banknifty starts trading below 45950 level.
BANKNIFTY--Double Bottom??BANKNIFTY index is now at support levels.....
previously a strong bullish move is observed from this levels....
Price is now at the same strong support...a lot of liquidity is lies below this levels...
on topside price is rejected by the trendline multiple times...
so we have a trendline liquidity as well on topside....
Wait for the bullish turn from this levels...or after completion of the liquidity below these levels...
as of now we have a chance of double bottom...keep in long side from this support levels.
Safe traders wait for the price to break the trendline and retracement to enter long...
this is the only short cut way to reach the 47200 levels....
those who miss the previous opportunity this is the time to look for buying...
------------------------------------------------------------------------------------------------
[INTRADAY] #BANKNIFTY PE & CE Levels(13/02/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 45050 level then possible upside rally of 400-500 points upto 45450 level .Any Major downside only expected in case banknifty starts trading below 44950 level & this rally can extend another 400 points if market gives breakdown 44450 level.also possible reversal upside 44550 level.
13 FEB 2024 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 sustains Above 44600 and takes Support from 44700 then open target for T1-44800, T2-45000,T3-45100
If the Banknifty gap down opening sustains Below 44600 and takes resistance below 44600 then the open Targets for T1-44300, T2-44200,T3-4400
Major Levels 44600,44500,44800
If the market stands in this area of 44600 to 44700 then it is possible that even today the market will remain in the range.
12 FEB 2024 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 sustains Above 46100 and takes Support from 46200 then open target for T1-46300, T2-46400,T3-46500
If the Banknifty gap up opening sustains Below 46000 and takes resistance below 46000 then the open Targets for T1-45800, T2-45700,T3-45500
Major Levels 46000,46200,45800
If the market stands in this area of 46000 to 46200 then it is possible that even today the market will remain in the range.
BANKNIFTY--Liquidity or Bullish??Bank Nifty index is showing bearish pressure from the right shoulder...
a strong fall is noticed when neckline is rejected...
Now price is near to its demand zones...
A lot of liquidity is below the support levels...
After the liquidity grab price chances of moving is more.
on the topside, we have trendline....in order to reach the higher levels price has to break the trendline and retest...so keep in the bearish side as long as price is below the trendline...
It might be in consolidation zone below trendline and above support zones.
keep safe from these zones.
Falling Wedge pattern breakout in BANKNIFTYBANKNIFTY INDEX
Key highlights: 💡⚡
✅On 15 MIN Time Frame Banknifty index Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 45880+.
✅Can Go Long in this Banknifty index by placing a stop loss below 44830-.
[INTRADAY] #BANKNIFTY PE & CE Levels(09/02/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 44950 level then possible downside rally of 400-500 points upto 44550 Level in todays session.Any Major upside only expected in case banknifty starts trading above 45050 level to 45450 level & this rally can extend another 400 points if market gives breakout 45550 level .also possible reversal downside 45450 level.
09 FEB 2024 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 sustains Above 45100 and takes Support from 45000 then open target for T1-45200, T2-45400,T3-45500
If the Banknifty gap down opening sustains Below 45000 and takes resistance below 45100 then the open Targets for T1-44800, T2-44700,T3-44500
Major Levels 45000,45200,44800
If the market stands in this area of 44800 to 45100 then it is possible that even today the market will remain in the range.
08 FEB 2024 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 sustains Above 46000 and takes Support from 46000 then open target for T1-46100, T2-46200,T3-46400
If the Banknifty gap up opening sustains Below 45500 and takes resistance below 45500 then the open Targets for T1-45300, T2-45200,T3-45000
Major Levels 46000,45800,46200
If the market stands in this area of 46200 to 46000 then it is possible that even today the market will remain in the range.
BANKNIFTY--Drop base Drop or Bullish??I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
06 FEB 2024 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 sustains Above 45500 and takes Support from 45500 then open target for T1-45700, T2-45900,T3-46000
If the Banknifty gap down opening sustains Below 45500 and takes resistance below 45500 then the open Targets for T1-45300, T2-45200,T3-45000
Major Levels 45500,45700,45400
If the market stands in this area of 45400 to 45700 then it is possible that even today the market will remain in the range.