Get started

Bankniftyprediction

21 JUN 2024 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 51500 and takes Support from 51500 then open target for T1-51600, T2-51700,T3-51900 If the BankNifty gap up opening sustains Below 51500 and takes resistance below 51500 then the open Targets for T1-51300, T2-51200,T3-51000 Major Levels 51500,51400,51600 If the market stands in this area of 51500 to 51800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYLong
by mr_bull10
1
20 JUN 2024 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 51000 and takes Support from 51000 then open target for T1-51200, T2-51400,T3-51500 If the Banknifty gap up opening sustains Below 51000 and takes resistance below 51000 then the open Targets for T1-50800, T2-50700,T3-50600 Major Levels 51000,51200,50800 If the market stands in this area of 51000 to 50800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYLong
by mr_bull10
19 JUNE 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open gap up Focus to buy above 50200 if sustain above 50100 focus for short selling After A gap up opening if Banknifty sustains Above 50200 and takes Support from 50200 then open target for T1-50400, T2-50500,T3-50700 If the Banknifty gap up opening sustains Below 50200 and takes resistance below 50200 then the open Targets for T1-49900, T2-49800,T3-49700 Major Levels 50200,50300,50100 If the market stands in this area of 50000 to 50200 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYLong
by mr_bull10
Nifty Bank (BANKNIFTY) Targets post election 2024The chart provided is of the Nifty Bank Index on the 4-hour timeframe from NSE, created using TradingView. Here is a detailed analysis and summary: Trend and Channel Analysis: 1. Ascending Channel: The chart shows the Nifty Bank Index moving within an ascending channel, bounded by two parallel trend lines. 2. Support and Resistance: The lower trend line acts as support, while the upper trend line acts as resistance. The price has bounced off the lower trend line multiple times, indicating strong support. Fibonacci Retracement Levels: The Fibonacci retracement levels are drawn from a recent swing low to a swing high, showing key levels of potential support and resistance. 1. 0% Level (48,333.10): The starting point of the retracement. 2. 50% Level (49,682.25): Often considered a strong support/resistance level. 3. 61.8% Level (50,000.70): Known as the golden ratio, it is a significant level where price action often finds support or resistance. 4. 100% Level (51,031.45): The end point of the retracement. Key Levels and Potential Targets: 1. Current Price: The current price is 48,967.95, slightly below the 50% Fibonacci level of 49,682.25. 2. Immediate Support: Around 48,333.10 (0% Fibonacci level). 3. Immediate Resistance: Around 49,682.25 (50% Fibonacci level). 4. Next Key Resistance: Around 50,000.70 (61.8% Fibonacci level). 5. Further Resistance: Around 51,031.45 (100% Fibonacci level). Future Projections: 1. Upside Potential: If the price breaks above the 50% Fibonacci level (49,682.25), the next target could be the 61.8% Fibonacci level (50,000.70), followed by the 100% Fibonacci level (51,031.45). 2. Downside Risk: If the price falls below the current level, it may find support at the 0% Fibonacci level (48,333.10). Other Observations: 1. Volume and Momentum: Volume and other momentum indicators (not shown in the chart) would be helpful to confirm the strength of the trend. 2. Candlestick Patterns: Analysis of recent candlestick patterns could provide additional insights into market sentiment and potential reversals. Summary: - The Nifty Bank Index is currently in an ascending channel with key support and resistance levels defined by Fibonacci retracement. - The price is slightly below the 50% retracement level, suggesting potential resistance. - Breaking above this level could lead to further gains towards 50,000.70 and 51,031.45. - Conversely, if the price falls, it may find support around 48,333.10. Monitoring the price action around these key Fibonacci levels and the channel boundaries will be crucial for identifying potential trading opportunities.
NSE:BANKNIFTYLong
by The90sTraderOfficial
Nifty Bank Index - BANKNIFTYThe chart depicts the 4-hour price movement of the Nifty Bank Index on the NSE. Here is an analysis and summary: Analysis: 1. Possible Double Top: The chart indicates a potential double top pattern around the 49,300 level, which is a bearish reversal signal. 2. Current Price Movement: The price has recently declined from the double-top region, suggesting a potential pullback. 3. Support Levels: - 50% Retracement: The price might find support around the 48,590 level, which is the 50% Fibonacci retracement level. - 61.8% Retracement: A stronger support is expected around the 48,320 level, the 61.8% Fibonacci retracement level. 4. Target: - If the index respects these retracement levels and rebounds, the 100% target is projected at 50,500, suggesting a potential uptrend continuation. Forecasted Movement: - Short-term: The price might continue to decline towards the 48,590 level, and possibly to the 48,320 level. - Reversal Potential: If the price finds support at these levels, a rebound is likely, leading to an upward movement towards the 50,500 target. - Bullish Scenario: The chart shows a potential bullish scenario if the support levels hold, leading to a rise back towards and possibly beyond the recent highs. Summary: The Nifty Bank Index chart shows a potential double top formation indicating a bearish reversal. However, if the index finds support at the 50% (48,590) or 61.8% (48,320) Fibonacci retracement levels, there is a potential for a bullish reversal aiming for the 50,500 target. It is crucial to monitor these support levels for potential buying opportunities and confirmation of the upward trend resumption.
NSE:BANKNIFTYShort
by The90sTraderOfficial
10 APRIL 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open gap down Focus to buy above 48500 if sustain above 48400 focus for short selling After A gap down opening if Banknifty sustains Above 48600 and takes Support from 48600 then open target for T1-48700, T2-48800,T3-49000 If the Banknifty gap down opening sustains Below 48400 and takes resistance below 48400 then the open Targets for T1-48300, T2-48200,T3-48100 Major Levels 48500,48600,48800 If the market stands in this area of 48600 to 48800 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYLong
by mr_bull10