Bank Nifty intraday 21st July 2022long above 36030, Keep trailing profit on the resistances drawn, SL 35990
Short below 35970, Keep trailing profit on the supports drawn, SL 36035
you can also do scalping with the help of the lines drawn
Bankniftylevels
Bank Nifty Intraday View 13th July 2022Long above 35240, Keep trailing profits as per the drawn resistances, SL 35150
Short below 35160, Keep Trailing profits as per the drawn support, SL 35240
You can do scalping with the help of the lines drawn.
NOTE : Don't jump into the market as soon as it opens, understand the trend and enter the trade.
Banknifty daily analysisA) if market opens sideways and breaks 35250 then buy
B) if market opens gapdown and it break support then sell
C) if market opens gapup then we will se further price-action
Banknifty day tradingmarket is looking bullish
- if opens sideways then breakout the previous day's close then buy
- if opens gapup- see further price action
- if opens gapdown then could remain volatile
Banknifty day trading-If market opens sideways and breaks closing of previous days then sell
- if market opens gapup then chances of volatile market is high, we will only buy when market crosses 40000
- if market opens gapdown then we will see futher priceaction
Banknifty daily analysisIf market opens sideways and breaks previous day's close we can buy with R:R of 1:2
if market opens gapup and makes -ve candle, we can sell for gap filling(chances of profit booking could happen)
if market opens gapdown, it could remain volatile
Banknifty breakout level for tomorrowThe index is trading within 600 points range.
The current trading range is no trading zone as direction is not clear.
Wait for one 15 min candle to break this range and close out of this range either side.
After breakout 500 points move expected.
Banknifty Double Bottom?On 15 min time frame double bottom pattern is visible and breaking above 33620 will activate this breakout.
On the flip side below 33000 will reject the setup and we will head towards 1000 points correction.
Banknifty view for 10/04/22Bank nifty opened gap down and in the last trading hour it shot up breaking, sustaining and closing above the 20 DMA.
Thou, on horly time frame it has closed between the 2 moving averages.
On 15 minute analysis, it has taken resisitance from its 200 ema in final minutes of session.
Support :- 35000, 35800
Resistance :- 35200, 35300
Markets can remain sideways or in the uptrend.
Wait and watch the price action near the levels before trading the market.
BANKNIFTY heading down to 34800 levels ? Time to go SHORTBANKNIFTY is showing weak signals and may go down to 34800 levels.
Due to heavy intraday selling pressure from FIIs specially in Banking/Financial sectors, is pulling Nifty Bank.
BANKNIFTY has to break above 35450 levels decisively with Big Green candle w/t heavy volumes to scare the Bears.
If BANKNIFTY is unable to hold 35175 levels, then it can fall drastically to 34800 levels which is a strong Buy Zone.
Banknifty Latest ChartTHis is daily chart of banknifty.
Fresh breakout only above 36120
As long as trading below 36000 it will be sideways to down.
Banknifty Expiry Setup 02/06/22Banknifty is trading in 1000 points range
Breaking out of this range will activate 1000 points target.
Banknifty breakout chartBanknifty bullish breakout above 36100
Next resistance after breakout will be 37300.
On the flip side breaking below 35000 will trigger selling.
Banknifty rejection from 200 DMABanknifty need to sustain above 200 dma for further up move. Closing above 36150 will activate is 200 dma breakout and we can see 37000 level near future.
Banknifty view for 31/05/22.Bank nifty opened gap up but couldn't hold the level of 36000.
Bank nifty was weak as conpare to nifty and closed below its 200 DMA.
On 15 minute analysis, it closed below 20 ema.
Support :- 35800, 35660, 35400
Resistance :- 36000, 36230
Nifty and banknifty both traded in opposite directions.
Wait and watch the price action near the levels before trading the market.
BANKNIFTY Daily and Weekly Technical AnalysisBANKNIFTY Daily/Weekly timeframe analysis shows firstly that BANKNIFTY is following this Disjoint Channel from quite sometime this year. Also, shows that on higher side it needs to break above 36050 levels with force n volume with big single day candle to scare the bears and run for cover. This upmove can trigger a short covering rally and cause upward further momentum.
But chances of downside also can't be ignored as 36000 lvls can act as strong Resistance in this coming week.
Note: Levels are of BANKNIFTY futures n not of underlying Index
Banknifty 200 DMA resistanceBanknifty is trading near 200 dma. Closing above 200 will accelerate up move and we can see 37300 to 37700 level near future.
Banknifty Weekly ChartBased on this chart on weekly time frame banknifty can reach up to 37373 which is channel resistance.
On this flip side closing below 33000 will accelerate panic selling.
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Banknifty AnalysisBanknifty analysis on one day chart. Now we can see clear breakout candle on one day chart. Here we can expect short term uptrend.
Best Banknifty Setup For Tomorrow 25-05-22Banknifty video setup for tomorrow
I have mentioned all the important levels.
Chart is for learning purpose
Banknifty Weekly, Daily and Intraday levelI have shared all the important levels for coming week.
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