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Bankniftyprediction

BANKNIFTY--42700-42650 acts as Support??Observations: After A strong fall price mostly enters into consolidation stage. Previous strong resistance @42700 broken and showing bullish pressure towards 43000,43600 levels. (Price broken the 42700-42650 zone to downside and closes inside this zone.) If the same level acts as support price will again rise from this level, Strong fall happens from @43200-43100 level also be careful at this level before long will again see some bearishness in this zone. Try to be on the long side from 42700-42620 levels to reach 43000-43200 levels. Go long: Above 42850 to reach 43000,43100 levels. Short: Don't think of Short now. be on short side from 43200 levels up to 42850,42700 only. price breaks 42620 and gives retest go short for 42400 levels.
NSE:BANKNIFTYLong
by IIT-Trader
1
BANKNIFTY--43400 Acts as Resistance??Observations: ------->> After Opening Gap down --------->>BANKNIFTY again showing bullish pressure towards 43500, if 43360 level which is yesterday's Support if acts as resistance price is bearish again. --------->>Go short : If price breaks 43200 again, go short for targets of 43100,43050. we have a demand zone @ 43000 may again acts as support. ---------->> Expiry may limit the price movement towards both side ,price is consolidates between 43500-43040 levels.
NSE:BANKNIFTY
by IIT-Trader
BANKNIFTY-Which is Support Trendline or 43000 ??Observations: -----> After Strong breakout from 43000,price opens gap up means buyers want to take the price to higher levels. ------> Gap up + Consolidation at 43500 is observed. price is moving downwards, means price wants to go upside test of demand zone at 43000 breakout. -------> If it is a false breakdown at 43350 level, and price moves again upside, look for sell at 43500/43600 level false move to upside may be happens. -------->If trendline or 43000 acts as a support , chances are more for breaking the strong resistance at 43600 and reach the price towards 43850-43900.
NSE:BANKNIFTY
by IIT-Trader
1
BANKNIFTY-Trendline Holds or Buyers Exhausted?? BANKNIFTY has been on an upward trend for quite some time now, but it seems like it may be time for a correction at the strong resistance level of 43600. Observations: ----->>However, the trendline is currently acting as a support and the price is still moving up. ------>>Just yesterday, the strong resistance at 43000 was broken, so it's possible that it may now act as a support level. ----->>If the price falls below 43000 again, it's uncertain which level will hold. Which Level Holds: In the past, the price faced difficulties going up at 42700 and failed. But now, that same level may act as support to go higher. It's recommended to stay on the long side until the price breaks below 42700. -------->> If price breaks 42700 and facing resistance @43000 or 42850 level and again breaks 42700 , go for short 42500,42300,42000.
NSE:BANKNIFTY
by IIT-Trader
1
Bank Nifty Prediction for TomorrowLets discuss tomorrow Bank Nifty Prediction: on 2 May 2023 Spot Nifty Bank Closed at 43233.90 (+ 0.54%) Pivot Level : 43115.43 Support Level : 42996.97/ 42691.88 Resistance Level : 43420.52 / 43538.98 Scenario 1 :- If Bank Nifty break at the level 43300, go for call Option or Future buying with Strict Stop Loss of 43260 for target of 43540. Scenario 2 :- If Bank Nifty breaks the level of 43082, go for put Option Buying or selling futures with Strict Stop Loss of 43120 for target of 42500. Scenario 3 :- If Bank Nifty opens near level of 43540, go for put Option Buying or selling futures with Strict Stop Loss of 43540 for target of 43150 and this trade can be risky as well so maintain strict stop loss for this position.
NSE:BANKNIFTYShort
by InvestorDost
BANKNIFTY-Look for sell at 43100-43250 Note : fake breakouts may happens at this level, be careful at this level. Buy plan: if price breaks 43100 and pullback to 43000 levels then go for buying up to 43210,43300,43470. Sell Plan: Look only for sell at these levels. if 43000 breaks and observe a fake breakout and falls below to this level and again 43000 level acts as resistance go for selling targets are 42800,42700,42620. we have Strong support at 42400-42350 levels. Consolidation Levels : 43100-42800
NSE:BANKNIFTYShort
by IIT-Trader
Bank Nifty Prediction for Todayon 27th April 2023 Spot Nifty Bank Closed at 43000.85 (+ 0.4%) Pivot Level : 42926.95 Support Level : 42810.50 / 42610.15 Resistance Level : 43117.30 / 43233.75 Scenario 1 :- If Bank Nifty opens flat or gap up and break at the level 43078, go for call Option or Future buying with Strict Stop Loss of 43050 for target of 42500. Scenario 2 :- If Bank Nifty opens gap down and breaks the level of 42800, go for put Option Buying or selling buying with Strict Stop Loss of 42842 for target of 42500.
NSE:BANKNIFTYShort
by InvestorDost
BANKNIFTY -- Reversal @ 43000 or 43600.At 43000, we have encountered one of the most formidable resistance levels, as evidenced by a prior strong sell-off. Despite Bank Nifty's upward trend, the question remains whether the price will surpass this resistance or experience a reversal. So far, no bearish momentum has been detected in Bank Nifty, indicating that buyers are likely to propel the price to an untested supply zone at 43600. However, it is significant to note that a pullback or retracement is expected at the 43000 level, which we will monitor closely. Note : fake breakouts may happens at this level, be careful at this level. Buy plan: if price breaks 43100 and pullback to 43000 levels then go for buying up to 43210,43300,43470. Sell Plan: if 43000 breaks and observe a fake breakout and falls below to this level and again 43000 level acts as resistance go for selling targets are 42800,42700,42620. we have Strong support at 42400-42350 levels. Consolidation Levels : 43100-42800
NSE:BANKNIFTYLong
by IIT-Trader
Bank Nifty Prediction for Tomorrow - 27 Aprilon 26th April 2023 Spot Nifty Bank Closed at 42829.90 (+ 0.35%) Pivot Level : 42712.61 Support Level : 42549.54 / 42269.17 Resistance Level : 42992.98 / 43156.05 Scenario 1 :- If Bank Nifty opens flat and trade flattish at the level 42870, go for put Option or Future selling with Strict Stop Loss of 42885 for target of 42350. Scenario 2 :- If Bank Nifty breaks high of today's level than, go for call Option Buying or Future buying with Strict Stop Loss of 42855 for target of 43300. But it can be very risky trade, so take minimum positions. for more visit - investordost dot in
NSE:BANKNIFTYShort
by InvestorDost
BANKNIFTY-Is Monthly expiry Bullish ??? Observations: Today bearish pressure observed at 42850 level, means not a bearish turn in bank nifty, The BANKNIFTY INDEX has been on an upward trend, with buyers successfully breaking through resistances at 42500, 42700, and tested @42850. They are now poised to reach untested supply zones at 43000, 43100, and 43400 levels. However, buyers may lack the necessary power to push the price higher, and if any of the previous supply zones act as support, the price could move back upwards. It is recommended to remain on the buy side within the range of 41500-41400, as no significant retracement has been observed after breaking the supply zone at 42500 level. If this level acts as support, monthly expiry is expected to be bullish.
NSE:BANKNIFTY
by IIT-Trader
BANKNIFTY- 42700 is an obstacle ???The 42500 level previously acted as a strong resistance, but the price has now broken through it without a retest. However, the 42360-42400 level has emerged as a new support level, preventing further downward movement. Tomorrow, we can expect a retracement to occur from the strong resistance at 42760-42720 level, and if there is bearish pressure, we could see the price return to the 42500 and 42400 levels. Observations: If the retracement occurs at a slower pace, we can anticipate further upward movement towards the 42700 and 42850 levels. However, if the price finds support at the 42500 and 42380 levels, but is unable to move higher, we may observe a bearish trend in the BANKNIFTY.
NSE:BANKNIFTY
by IIT-Trader