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Bankniftylevels

BANKNIFTY--Retracement or Reversal ??Observations:: After a gap up opening price is reversed immediately.... can we consider this as a buyers exhaustion... The previous bearish gap is resisting the price to go down... if this failed we have an immediate support in the form of resistance acts as support... previous multiple times that price got rejected from the same zone can push the price up... until these zones failed to acts as support, then only will go for short side... if todays bearish move is a retracement, then tomorrow we will observe a bullish momentum again.. if it is a bearish sign, resistances failed to acts as support a strong fall is going to observe... If today's move is strong bearish and again rejects from top will be on bearish side up to...45100 levels. Yesterday A strong bullish move is initiated to exit all the long positions... then it will be fall again... we will see what happens in the live market...
NSE:BANKNIFTY
by IIT-Trader
46
BANKNIFTY--Will ATH Breaks ??BANKNIFTY:: A Flag and Pole pattern...is observed ---->>price is clearly broken the channel and showing us bullish momentum. we will also enter in long, achieved all targets. if this momentum is continues or any breakdown will happens again. if breakdown happens at which level this can be possible... if we see the chart the price is constantly rejected by this level @45000-45200 that's broken. after finishing the gap on upside, price will again test the ATH and falls or continues its momentum towards upside. If price tested ATH, we need a strong support to be expected from this level...@45000-45200 level to go for long. because multiple times it acts as a resistance, if resistance becomes support we will observe a bullish momentum above ATH. But ATH is strong so if price failed to acts as support @45200,price falls below, a strong bearish momentum can be happens. will see what happens Tomorrow. Thank you guys for your support.
NSE:BANKNIFTY
by IIT-Trader
27
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.
NSE:BANKNIFTYLong
by mr_bull10
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.
NSE:BANKNIFTY
by IIT-Trader
17
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.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Gap up or Gap down ??Observations:: price broken the trendline strongly, but failed to take the support and falls below to complete the bullish gap. if today's gap up is created by the buyers telling us buy at this place or its a bull trap. on top we are left with the bearish gap...how this gap be filled... every time the price is rejected by the level @45000-45100, so if price breaks this level we can observe a bearish gap be filled... but this can be achieving by a slow process with a strong breakout at that level. price slowly comes to this level while breaking that level a strong bullishness is observed...so careful at that level... on bottom side we have a bullish gap left...will see what happens tomorrow in live market... All this is a pre and post market analysis...we can't tell what happens at each and every level... based on the reactions at that particular level only our entry will be placed. so by breaking the resistance or support don't take entry quickly... wait it will come back and then take entry with small risk... please be patient...be with the market...follow the trend... market always gives us discount...
NSE:BANKNIFTY
by IIT-Trader
12
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.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Retest and Rise ??Observations:: price a strong fall is witnessed today as well... noticed that fall happens after a consolidation... if consolidation + Downside =Up...may be possible... we are still left with the bullish gap left below @previous resistance.. if this previous resistance will acts as support or not, we have a trendline confirmation as well to go long... wait until price breaks the trendline and retest to enter long. If a continuous fall happens...enter break of the previous resistance and retest of strong resistance.
NSE:BANKNIFTY
by IIT-Trader
2
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.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Consolidation + Upside = Fall ??Observations:: If we see on daily time frame, price has broken the previous resistance at 44200 level, with a strong consolidation. price moved to the upside with strong consolidation. let us consider this as a consolidation + upside == Fall. price is not giving any sort of retest to the previous resistance 44200 level. If we observe a pullback towards the previous resistance, price will fall until 44200 level. If we see a slow pullback towards 44200 we can observe a bullishness again.. from 44200. If there a chance of huge fall from upside... we don't have a chance of buy opportunity again from 44200 level. price will continuously fall happens below 44200 levels, this time 43400 level will also break. Be cautious. On bottom side price created a demand zone @43800,will push the price towards 44200. Here 2 possibilities, if price falls below 44200 level,43800 gives support.. if the previous resistance acts as resistance price fall happens from 44200 again. but if the same level acts as demand will observe again a bullish up to ATH.
NSE:BANKNIFTY
by IIT-Trader
2
BANKNIFTY Analysisobservations:: price again proven that a sign of bearishness.... Price broken our POI for sell,moving slowly to the upside... broken the trendline..in smaller time frame and fall back...no oppurtunity to enter long... today we have a major trendline if this trendline again acts as resistance...it will again fall back.. the big red candle is pushing the price little up... An decending triangle is formed....which is also a sign of bullishness from the previous resistance level... without knowing we cannot take entry on buy side... will wait for trendline break and retest....to go long from resistance acts as support.
NSE:BANKNIFTY
by IIT-Trader
5
BANKNIFTY--Consolidation to Resistance @44500 ??Observations:: the previous resistance @44500 level is broken by opening a huge gap up then price is immediately testing the resistance with a single red candle... tomorrow this red candle...won't allow the price to go down... but price wants to fill the small gap up....which is left almost 55-60 points gap.. if we see from top price is continuously falling...from 45600 levels... if tomorrow price wants to fill this gap....and big red candle rejecting the price downwards.. and above we have strong demand acts as resistance again... considering all these 3 points results in a consolidation market... in which levels these consolidation takes place...i.e from 45000-44650 levels.... what happens if price starts consolidation... if price consolidates to test the previous resistance... which indicates a bullishness again from 44500 levels... if a continuous falling happens price will again test the 44000-44100 levels. All this is a pre- post market analysis, live market is entirely different from these analysis... will see on live market what happens.
NSE:BANKNIFTY
by IIT-Trader
3
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.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Bullish Gap or Bearish Gap??Observations: 1.price opened in a demand zone and failed to take the price up wards... 2.The hidden demand zone acts as support and price moves up and gives pullback... 3.Yesterday's demand zone resist the price to go up....and price falls back... 4.while breaking the demand zone price, leaves a bearish gap and continue its fall till the hidden demand zone... 5.Bullish gap is still not able reach. so we have 2 options now... which gap fills 1.Bullish gap 2.Bearish gap. if price opens below gap1, we can expect a immediate fall happens and fills the bullish gap2. so be careful here, don't initiate a short as soon as opens ..wait for the right opportunity and enter. Based on the price opening we will decide which gap is going to fill 1st. and also price has created its 1st low...and given us pullback to sell... so on Monday if price opens below 1st low, then its created a 2nd low, which confirms bearish sign. then price is immediately created a lower high again...so will look for buy at that time.. then we can expect a bearish gap be finished and price may again fall, or continue moving up again. lets see what happens on live market. All this is a premarket analysis, live market is entirely different from the pre and post market analysis. our assumptions and calculations all are changes... so we have to act smart and continue with the price movement and observe the reactions at the demand and supply zones, support and resistance zones. supply becomes demand and vice versa. Support becomes resistance and vice versa.
NSE:BANKNIFTY
by IIT-Trader
6
BANKNIFTY--Will Right shoulder formed to fill Bullish Gap??Observations:: previous resistance zone @45300-45350,is again an hurdle to move the price upside, the demand zone @45450 again resisting the price to go up. we don't get any sell opportunity today...price wont breaks the 45000 level. now price is near to its trendline in smaller time frames.. if that breaks and retest will enter on short side by keeping the stop loss above 45300-45350 zone, for targets of bullish gap left below. Previous strong buy ness from 45000 level becomes weak, price is slowly moving to test the demand acts as supply one more time. will see tomorrow if price breaks the trendline, and gives retest will enter on short side..
NSE:BANKNIFTY
by IIT-Trader
2
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.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Expiry is Bullish or BearishObservations:: we have previous resistance at 45300-45350 zone...which is strong. yesterday price tested the demand acts as supply zone and falls below... if this zone 45300-45350 acts as resistance price falls again.. if we want to short wait until price breaks 45000 level, and retest or pullback to previous demand zones... then enter for short for target of 44800,bullish gap. No long is suggested...will have strong resistances...
NSE:BANKNIFTYShort
by IIT-Trader
6
BANKNIFTY--Bullish Gap be filled??Observations:: Price action is completely bullish... a strong bullishness is observed from the 44900 level, even after opening gapup. tomorrow this level is resist the price to godown again... if consolidation happens at this level, we can expect an upside movement after filling the gap below to above levels. on top we observed a consolidation + plus strong bullish, with an immediate fall is observed from 45500 level, if this level acts as resistance we will observe some correction... its not a sign of reversal...keep in mind. one more gap is left @44400 level also. Will see in live market what happens.... All these are our assumptions only..... live market is entirely different from the pre market analysis.
NSE:BANKNIFTY
by IIT-Trader
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.
NSE:BANKNIFTYShort
by mr_bull10
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.
NSE:BANKNIFTY
by mr_bull10
BankNifty Analysis: Indecision with Bulls and Bears in ControlBased on the provided chart analysis, here is a revised summary of the current market situation: On the daily timeframe, the market formed a perfect Doji candlestick, indicating indecision among market participants. It opened within the previous day's high and fell to 45000, where it found support and staged a recovery in a V-shaped pattern. The market then rallied to 45651 but subsequently fell again in a V-shaped pattern. This double reversal suggests both bears and bulls are strong, seizing control when opportunities arise. The market has established major resistance levels at 45651 and a minor resistance at 45475. Major support levels are seen at 45000 and 44906, with a minor support at 45135. On the 1-hour timeframe, an inside candlestick pattern has formed. Open interest data reveals that the 45300 strike price has a significant straddle of around 20L, while the 45200 and 45400 strike prices show a decent amount of put and call short positions, respectively. The major support level at 45000 has 41L puts, and the major resistance level at 45500 has 37L calls. The PCR (Put-Call Ratio) is 1.45, indicating a bullish sentiment. Analyzing FII (Foreign Institutional Investor) data, it shows that they have a higher number of long positions in calls (7.78L) compared to short positions (4.76L). In puts, FII data shows more long positions (10.1L) compared to short positions (7.6L). FII Futures Data suggests a bullish sentiment with a value of 1173cr, and FII Stock Data indicates a bullish sentiment with a value of 2134cr. Considering the analysis, the market is likely to be range-bound between 45000 and 45500, resulting in frequent reversals. Potential trades can be initiated if the market breaks above 45651 or below 43906. Alternatively, a break above 45364 could lead to an upside trade with a target of 100-120 points, while a break below 45223 could lead to a downside target of 45118. Please note that this analysis is based solely on the information provided and does not constitute financial advice. It is recommended to consult with a qualified financial professional or conduct further research before making any investment decisions.
NSE:BANKNIFTY
by JigarHathiyani