Bankniftylevels
#BANKNIFTY CORRECTION from the RESISTANCE ZONE!!!! The price perfectly fulfills my last idea. The market fell from resistance zone and taken support at the given level . #Banknifty dropped from the resistance zone after breaking out of the range. The market broke and fixed below the smalll range zone. The price is moved towards the support level at 40880 after making impulse moves.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
17/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above high 41530 and taking Support from 41530 then open target for T1-41659,T2-41862,T3-42000
If the Banknifty after a Gap-Down opening sustain Below 41530 and and taking resistance below 41530 then the open Targets for T1-41318,T2-41186,T3-41049
Major Levels 41500,41600,41400
16/02/2023 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 last day high 41800 and taking Support from 41800 then open target for T1-41900,T2-42100,T3-42200
If the Banknifty after a Gap-Up opening sustain Below 41500 and and taking resistance below 41500 then the open Targets for T1-41400,T2-41300,T3-41100
Major Levels 41800,41500,41600
#Bank nifty Prediction for March Month Bank nifty Positional view is very bullish for March month
1) Harmonic Pattern - Bullish Butterfly
Entry Levels - 41300-41500
Stop Loss - 40800
Target I - 42805~43035
Target II - 44950~45155
2) 20/100/200 Moving Average
The 100 EMA daily moving average is acting as a strong resistance.
If Bank Nifty breaks it then sharp bullish momentum is possible
3) RSI 46
15/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above 41550 and taking Support from 41550 then open target for T1-41687,T2-41810,T3-41934
If the Banknifty after a Gap-Down opening sustain Below 1550 and and taking resistance below 41550 then the open Targets for T1-41430,T2-41303,T3-41202
Major Levels 41400,41500,41600
14/02/2023 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 8th Feb high 41400 and taking Support from 41400 then open target for T1-41560,T2-41600,T3-41700
If the Banknifty after a Gap-UP opening sustain Below last day low 41100 and and taking resistance below 41100 then the open Targets for T1-41000,T2-40900,T3-40800
Major Levels 41100,41300,41400
13/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONE
Hello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above 8th Feb high 41700 and taking Support from 41700 then open target for T1-41860,T2-42000,T3-42200
If the Banknifty after a Gap-Down opening sustain Below last day low 41450 and and taking resistance below 41450 then the open Targets for T1-41300,T2-41100,T3-40900
Major Levels 41700,41500,41600
BANK NIFTY: TommorowNSE:BANKNIFTY A lot of consolidation going on at previous gap region. For the past six days it has not given a close above the gap (41680) or below the gap (41380)
Any daily close above or below the mentioned level can take the NSE:BANKNIFTY the much need direction. Though the bias based on price actions on upper side.
Till the time NSE:BANKNIFTY gives a direction avoid all positional bets and stick to intraday levels for day trade.
NSE:BANKNIFTY Hourly time frame VCP formation. Important to watch out is 41680 which is the upper level mentioned above. The up thrust candles have above average volume, which is a good sign.
NSE:BANKNIFTY Intraday immediate support resistance levels are marked here.
For more detailed picture check out the below link
10/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above 8th Feb high 41800 and taking Support from 41800 then open target for T1-4200,T2-42200,T3-42400
If the Banknifty after a Gap-Down opening sustain Below last day low 41300 and and taking resistance below 41300 then the open Targets for T1-41000,T2-40800,T3-40700
Major Levels 41600,41500,41400
09/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Small Gap-Down is going to open
After A Small Gap-Down opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-41900,T2-42000,T3-42200
If the Banknifty after a Small Gap-Down opening sustain Below last day low 41400 and and taking resistance below 41400 then the open Targets for T1-41200,T2-41000,T3-398000
Major Levels 41600,41500,41400
Bank Nifty: Multi time frame analysis1) NSE:BANKNIFTY : Daily time frame - Consolidation going on at at the same area where previous consolidation happened. On the first occasion this led 3600 points break down and on the second occasion led to 2400 points up move. One positive aspect is that there are long wicks in candles which are signs of demand. All positional bet to be avoided unless price clearly moves above 41700 or below 41100. Until then stick to Intraday.
2) NSE:BANKNIFTY : Hourly time frame - Clear volatility contraction visible at this TF. With nice drop in volumes. Usually these are signs of break out. But wait until it happens. No pre-emptive trade.
3) NSE:BANKNIFTY : 15 minutes time frame - Price is in range. All signs of breakout/breakdown to be first spotted from this time frame. Should watch closely.
4) NSE:BANKNIFTY : 5 minutes time frame - From 6th onwards price is trading below VWAP, actually this is a sign of bearishness. But price closely following VWAP and sticking to it whenever there is trend to move away
08/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONE
Hello 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 last day high 41700 and taking Support from 41700 then open target for T1-41900,T2-42000,T3-42200
If the Banknifty after a Gap-Up opening sustain Below last day low 41500 and and taking resistance below 41500 then the open Targets for T1-41300,T2-40100,T3-40000
Major Levels 41600,41500,41400
7/02/2023 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 last day high 41700 and taking Support from 41700 then open target for T1-42000,T2-42200,T3-42400
If the Banknifty after a Gap-Up opening sustain Below last day low 41250 and and taking resistance below 41250 then the open Targets for T1-41000,T2-40800,T3-40600
Major Levels 41600,41800,42000