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Bankniftylevels

06/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning everyone, According to the data today market is going to open Gap-Down After A Gap-Down opening if Banknifty sustain Last day Above 44300 and taking Support from 44300 then open target for T1-44400,T2-44500,T3-44600 If the Banknifty after a Gap-Down opening sustain Below 44200 and taking resistance below 44200 then the open Targets for T1-44000,T2-43800,T3-43600 Major Levels 44000,44300,44200 If the market stande in this area of 44200 to 43800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYLong
by mr_bull10
05/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello 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 44200 and taking Support from 44200 then open target for T1-44400,T2-44500,T3-44600 If the Banknifty after a Gap-up opening sustain Below 43800 and taking resistance below 43800 then the open Targets for T1-43600,T2-43400,T3-43200 Major Levels 44000,43800,44200 If the market remains in the range of 44200 to 43800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Trending or Ranging??Observations:: --->>Price is in Range Strong Resistance @44160-44080 acts as strong support, will observe a trending Bullish Expiry. If the same again acts as Resistance will observe Trending bearish expiry, if all this wants to happen price has to break 44250-44200 level. otherwise again range bound. ------>> Facing resistance in the zone 44460 Yesterday showing some bearish pressure ,and today price again closed in the same zone. price is taking the support @44250-44200 range. If this range is broken, we can expect the bullish gap be filled, pullback is needed. After finishing the gap, if the support zone @ 44250-44200 is acting as a resistance, Tomorrow is expiry, if price again rejected by 44160-44080 zone, price strongly fall until 43400 keep look at this level. If the same zone acts as support again will observe a new bullish momentum. we don't have a clear Targets and stop loss points, above All time High, so taking trades without confirmation is risky. Note:: Clearly we have previous strong resistance @44160-44080 level, If acts as support will go for buying up to 44250, 44450 only, above that we don't have any obstacles to resist. But keep in mind key level @44250-44200, if this level rejects, then only fall may happens. Price is ranging in 300 points only.
NSE:BANKNIFTY
by IIT-Trader
2
BANKNIFTY--Fakeout or Breakout ??Observations:: ----->> After breaking the trendline, price tested the Resistance zone, price is fall from resistance but not able to break the last HL, @ 43400 Level. Again a strong buy ness is observed from these level. Price is in consolidation @ Resistance and Support and not able to break any previous higher low, and previous Higher High now its clear showing strong bullishness, we are still in bullishness its confirmed + In Bullish consolidation between the Support and Resistance. see the below picture, If it's a Rally--Base--Rally, we will go for buying up to 45000 we have 2 possibilities, If price breaks HH @44150 levels, Breakout happens and price falls immediately below the 44150 levels is may happens, called fake breakout. If price consolidate between Supply zone 43900-43850 @ and supply zone @44080-44150, and breakout happens consider it as a fake out and we wait for the break out. If price comes below to these levels, @43650 demand Zone and 43400 demand zone, if price consolidates in these two zones and gives us a breakdown will wait its a fake breakout or breakdown possibility. we have to check all these conditions in Range bound market. In between we have a common point zone @43800-43850 that will back to the supply zone again. The same zone @43800-43850 will pushes the downside as well. All these are range bound Scenario's, look @ all these possibilities.
NSE:BANKNIFTY
by IIT-Trader
1
30/05/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONE Hello 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,T3-45000 If the Banknifty after a Flat opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43900,T2-43800,T3-43700 Major Levels 44000,44200,44500 If the market remains in the range of 44000 to 44500, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Breakout or Breakdown ??------>> Finally the trendline broken strongly, after a long time. -------->> if price again wants to test the Resistance or continue to fall down. price is exactly closed in the demand zone, stronger one, actually its supply zone acts as demand. if this acts as support price is again bullish, and will test the supply zone again, and fall back or continue to move upside. Plan A:: Keep on the buy side from 43600 levels until it breaks. if price again breaks 43850 level and not able to go below yesterday low, we will be on buy side for target of 43950 and 44040 and 44160 level. plan B:: If price falls below demand zone, we will sell on retracement. Plan C: If price reaches the All time high again, we will go for short with confirmation only. if again price fall below 43950and takes the support @43850 pushes the price up, then sell @43950 zone. Plan D:: Price may consolidate between the Supply zones moves up breaking the all time high.
NSE:BANKNIFTY
by IIT-Trader
1
25/05/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning everyone, According to the data today market Gap-Up is going to open After A Gap-Up opening if Banknifty sustain Above 44000 and taking Support from 44000 then open target for T1-44200,T2-44400,T3-44500 If the Banknifty after a Gap-Up opening sustain Below 43600 and taking resistance below 43600 then the open Targets for T1-43400,T2-43200,T3-43000 If the market remains in the range of 43600 to 44000, then it is possible that even today the market will remain in the range. Major Levels 44000,44100,43500
NSE:BANKNIFTYShort
by mr_bull10