12 DEC 2023 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 47500 and takes Support from 47500 then open target for T1-47700, T2-47800,T3-48000
If the Banknifty flat opening sustains Below 47100 and takes resistance below 47000 then the open Targets for T1-46800, T2-46700,T3-46500
Major Levels 47000,47500,46800
If the market stands in this area of 47200 to 47000 then it is possible that even today the market will remain in the range.
Bankniftylevels
BANKNIFTY prediction for tomorrow 12 Oct 23As we discussed yesterday, Bank Nifty stayed in the upper zone with weak bull power. Also, today, in the last hour, it was huge selling, and the whole day, it was more of a position rounding off because of unstable Bank nifty momentum. If Banknifty breaks the trendline to the downside, then it's highly probable that it will touch the 200 EMA.
Reasons:
RSI 40-60 mostly. (sideways)
50 EMA is providing a nice support point for BN. ( bullish)
Price > EMAs (still bullish)
47500 is having huge CE writing. Lower levels don't have much OI except 47000.
PCR = 1.17 (Bullish) (1.45->1.17); it's still bullish, but OI have been fallen significantly.
Verdict:
It's still bullish unless it breaks to the downside.
Plan of action:
check initially 15 min momentum. And follow chart levels.
11 DEC 2023 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 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 46500 and takes resistance below 46500 then the open Targets for T1-46400, T2-46300,T3-46100
Major Levels 47000,47200,46800
If the market stands in this area of 47200 to 47000 then it is possible that even today the market will remain in the range.
BANKNIFTY Important levels for 7 Dec 2023
NSE:BANKNIFTY Important levels for 7 Dec 2023
I am sharing crucial BANKNIFTY levels that serve as significant support and resistance points for intraday trading. To execute trades based on these levels, wait for a 15-minute candle closing above them. You can employ both breakout and reversal strategies in your trading approach.
This channel is dedicated to sharing my expertise in trading strategies, technical analysis, and market trends. My goal is to assist you in making well-informed decisions throughout your trading endeavours.
Stay tuned for daily updates, comprehensive market analyses, and real-time trading scenarios. Witness firsthand our journey from novice to expert in the trading world. My sole objective is to empower you with the knowledge and skills needed to navigate the intricacies of financial markets successfully.
Identified through price action, major support and resistance levels are marked with lines as resistances and supports. If the price breaches a support or resistance, it is likely to move towards the next corresponding level.
Important Note: These levels are intended for intraday trading purposes only.
Disclaimer: All information provided on this page is for educational purposes. We are not SEBI Registered. Please consult a SEBI registered financial advisor for personalised advice before making any investment decisions. We are not responsible for any profits or losses incurred.
Your support and engagement are appreciated. Kindly like, comment, and follow to show encouragement.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/12/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 46950 level then possible downside rally of 400-500 points upto 46550 Level & This rally can extend another 400 points if market gives breakdown of 46450 level in today's session. Any Major upside only expected in case banknifty starts trading above 47050 level.
Banknifty: Bullishness to continue?Bullish movement continues on tuesday as well for banks.
So what now?
Even though banknifty had an intraday retracement, but the index help up very well throughout the session.
We are expecting Banknifty to expire above 44500 for tomorrow expiry.
Aggressive players can aim for an exipry above 44700 but abovre 44500 is a conservative expiry target.
Simple and true to the basics as always
06 DEC 2023 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 47100 and takes Support from 47200 then open target for T1-47300, T2-47400,T3-47600
If the Banknifty Gap up opening sustains Below 46800 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500
Major Levels 465000,47000,47200
If the market stands in this area of 46800 to 47000 then it is possible that even today the market will remain in the range.
04 DEC 2023 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 45000 and takes Support from 45000 then open target for T1-45200, T2-45300,T3-45500
If the Banknifty Gap up opening sustains Below 44700 and takes resistance below 44700 then the open Targets for T1-44600, T2-44500,T3-44400
Major Levels 45000,44800,45200
If the market stands in this area of 45200 to 45000 then it is possible that even today the market will remain in the range.
BankNIFTY prediction for tomorrowas we have already discussed Banknifty has given breakout. and yesterday it retested the 44300 level and again bulls pumped the bulls side. Now I am expecting it to move bullish whole this week. Target 1 will be 45561, then some consolidation and it will move to all time high 46250.
Reasons:
Price has already broken out 2 month breakout with Inverted HNS. (Bullish)
RSI showing bullish diversion. (Bullish)
Bullish Golden crossover successful. (Bullish)
Inverted HNS breakout and successful retesting of neck-line. (Bullish)
According to OI, PCR: 0.97 (Bullish) with max pain = 44800 or 45000.
above side only 45000 is having significiant resistance, if it's taken out bulls path will be clear for target 1 (45561)
Verdict:
Bullish
Plan of action:
Keep holding the previous position. you can add move call buy once bull intraday trend confirms.
[INTRADAY] #BANKNIFTY PE & CE Levels(30/11/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level.And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level.
30 NOV 2023 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 sustains Above 44400 and takes Support from 44500 then open target for T1-44700, T2-44900,T3-45000
If the Banknifty Gap up opening sustains Below 44400 and takes resistance below 44500 then the open Targets for T1-44300, T2-44200,T3-44000
Major Levels 44500,44400,45000
If the market stands in this area of 44500 to 44700 then it is possible that even today the market will remain in the range.
BANKNIFTY--@Trendline break??Liquidity -- done on topside...
now we have a bearish gap left at 44100 levels...
on bottom side we have demand zone at 43600 levels...look for buy at 43550-43500 levels.
until price breaks the trendline. .don't think of short side...
will look for short up to demand Zone only...
29 NOV 2023 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 43900 and takes Support from 43800 then open target for T1-44000, T2-44200,T3-44400
If the Banknifty Gap up opening sustains Below 43500 and takes resistance below 43500 then the open Targets for T1-43300, T2-43200,T3-43000
Major Levels 43500,43600,43700
If the market stands in this area of 43500 to 43700 then it is possible that even today the market will remain in the range.
BANKNIFTY--SSL & BSL ??Now exactly price is neckline...but the sell side liquidity is above the 43800 levels..
after clearing the SSL then price is looking for the BSL, then we have a chance of running back to below 43200 levels...
we have a chance of right shoulder here at 43500 levels...if price failed to push the price up from Right shoulder, we have a fall back to below 43200 levels, with a consolidation below 43450-43200 levels....So keep in wait mode until price clears the liquidity above 43800-43850 and falls back to right shoulder....
Will go for short side when right shoulder fails to formation....
Thank you guys for your support....
28 NOV 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a Flat
After A Flat opening if Banknifty sustains Above 43700 and takes Support from 43700 then open target for T1-43900, T2-44000,T3-44200
If the Banknifty Flat opening sustains Below 43500 and takes resistance below 43500 then the open Targets for T1-43300, T2-43200,T3-43000
Major Levels 43500,43600,43700
If the market stands in this area of 43500 to 43700 then it is possible that even today the market will remain in the range.
BankNIFTY prediction for tomorrow 28th NovBankNIFTY has been in the range of 43300-43700. the above resistance level has been struck out multiple times; there are more chances it will break this time to the upside. Looking at the charts and OI data, all data shows bullishness in the BANKNIFTY.
Reasons:
Multiple times (5) resistance zone strike. make it more chances to break this time. Usually, there is a high probability after three attempts. (Bullish)
Price > EMA(13,50,200) (Bullish)
Bullish Crossover successful. (Bullish)
200 EMA Support downside. (Bullish)
RSI > 60 crossing to upside.(Bullish)
PCR: 1.03 (Bullish)
Verdict:
Bullish
Plan of action:
Sell 43800 CE once break to upside. after retest add CE buying.
BANKNIFTY--Inverse Head and Shoulders Pattern??If tomorrow price unable to breaks 43200 levels...results in a formation of Head, so tomorrow momentum is important for us to go bullish or bearish in Bank nifty
so wait for the price to comes back to the neckline and gives us some pullback to Right shoulder then will go for long again in Bank nifty ….until keep in watch mode...
bottom side we have a bullish gap left at 42900 levels. If opens down we have a chance of rise from that levels...
24 NOV 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap down
After A gap down opening if Banknifty sustains Above 43700 and takes Support from 43700 then open target for T1-43900, T2-44000,T3-44200
If the Banknifty gap down opening sustains Below 43400 and takes resistance below 43400 then the open Targets for T1-43300, T2-43200,T3-43000
Major Levels 43500,43600,43700
If the market stands in this area of 43500 to 43700 then it is possible that even today the market will remain in the range.
23 NOV 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap down
After A gap down opening if Banknifty sustains Above 43600 and takes Support from 43700 then open target for T1-43900, T2-44000,T3-44200
If the Banknifty gap down opening sustains Below 43500 and takes resistance below 43500 then the open Targets for T1-43400, T2-43300,T3-43100
Major Levels 43500,43600,43700
If the market stands in this area of 43500 to 43700 then it is possible that even today the market will remain in the range.
22 NOV 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A gap up opening if Banknifty sustains Above 43600 and takes Support from 43700 then may be fill the gap. open target for T1-43900, T2-44000,T3-44200
If the Banknifty gap up opening sustains Below 43500 and takes resistance below 43500 then the open Targets for T1-43400, T2-43300,T3-43100
Major Levels 43500,43600,43700
If the market stands in this area of 43500 to 43700 then it is possible that even today the market will remain in the range.