Bankniftytradesetup
25 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Above 45000 and taking Support from 45200 then open target for T1-45300,T2-45400,T3-45500
If the Banknifty Gap-Down opening sustain Below 44250 and taking resistance below 44250 then the open Targets for T1-44100,T2-44000,T3-43900
Major Levels 44000,44300,44500
If the market stande in this area of 44500 to 44000, then it is possible that even today the market will remain in the range.
BANKNIFTY--Liquidity lies @43400 ??If case 2 happens, and the strong support @43800 push the price upside...
or price breaks the 43800 and also breaks the 43400 levels...
The result of case 2 is a formation of Head....
the 45100 level acts as Neckline...
the level @44300 is a left shoulder....
the neckline again pushes the price downside to form a right shoulder...
If price failed to break the neckline or price failed to create a right shoulder,
all these indications belongs to more fall in Bank nifty....
The same fall will continues up to 42800 levels. Until keep on sell side...
The chances of Gap down is observed at 45100-44900 level...as every one is ready to look for calls...
(Thinks this time price breaks 45100 level) so don't go for buy or short without confirmation.
at this level do not carry any positions...
Plan A::
Bullish from 43800 levels or (after break of 43400 levels).. to 45100 levels Or 44900 level.
Plan B::
Short side from 45000 levels to Right Shoulder....
here will check right shoulder forms are fall continuation....
(The manipulation area @ Right shoulder)
Plan C::
Short side Continuation from 45000 levels to below Right shoulder, up to 42800-42600 levels.
This month end will manipulate, looks like bullish above 45000 levels, but it is more bearish from the same level up to 42800 levels....
next month from Bearish to consolidation and then bullish...
Keep safe.....
Rare Case ::Plan D ::
Break of Neckline and reaches to 46000 levels.
No chance of Plan D as clears the liquidity below 43400 levels and test of 42800 levels is required...
Note ::
I am not available for Next 1 or 2 weeks so giving much information...
Take care Guys...
If available will try to do some analysis...
Thanks guys for your support....
24 AUGUST 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 sustain Above 44800 and taking Support from 45000 then open target for T1-45200,T2-45300,T3-45500
If the Banknifty Gap-Up opening sustain Below 44000 and taking resistance below 43800 then the open Targets for T1-43600,T2-43500,T3-43400
Major Levels 44000,43800,44500
If the market stande in this area of 44500 to 44800, then it is possible that even today the market will remain in the range.
BANKNIFTY--43600 or 44800.The Bank nifty index opens negative and continue downwards....it is a continuous fall...
today price opens gap down and fills the gap....no sign of bullishness.....
If we consider this as Gap down + strong fall as exhaustion of sellers...
From tomorrow on wards price is bullish.
we can also think that, it's a continuous bearish as it opened down and filled the gap...and may continues to downwards further....
Still it is in confusion for buyers...as it is still in bearish...No sign of bullishness...
If it is a continuous bullishness...we will enter in a retracement.
If fake out happens @43800 levels will enter again long for targets of 44800 levels.
Take care guys....
23 AUGUST 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 sustain Above 44000 and taking Support from 44100 then open target for T1-44200,T2-44400,T3-44600
If the Banknifty Flat opening sustain Below 43800 and taking resistance below 43800 then the open Targets for T1-43600,T2-43500,T3-43400
Major Levels 44000,43800,44100
If the market stande in this area of 44000 to 43700, then it is possible that even today the market will remain in the range.
22 AUGUST 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 sustain Above 44000 and taking Support from 44100 then open target for T1-44200,T2-44400,T3-44600
If the Banknifty Flat opening sustain Below 43700 and taking resistance below 43700 then the open Targets for T1-43500,T2-43400,T3-43300
Major Levels 44000,43800,44100
If the market stande in this area of 44000 to 43700, then it is possible that even today the market will remain in the range.
21 AUGUST 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 sustain Above 44000 and taking Support from 44000 then open target for T1-44200,T2-44400,T3-44600
If the Banknifty Flat opening sustain Below 43700 and taking resistance below 43700 then the open Targets for T1-43500,T2-43400,T3-43300
Major Levels 44000,43800,44100
If the market stande in this area of 44000 to 43800, then it is possible that even today the market will remain in the range.
18 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Above 44000 and taking Support from 44100 then open target for T1-44200,T2-44400,T3-44600
If the Banknifty Gap-Down opening sustain Below 43700 and taking resistance below 43700 then the open Targets for T1-43500,T2-43400,T3-43300
Major Levels 44000,43800,44100
If the market stande in this area of 44100 to 43800, then it is possible that even today the market will remain in the range.
17 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Above 44000 and taking Support from 44000 then open target for T1-44200,T2-44400,T3-44600
If the Banknifty Gap-Down opening sustain Below 43600 and taking resistance below last day low 43600 then the open Targets for T1-43500,T2-43400,T3-43200
Major Levels 44000,43800,43500
If the market stande in this area of 44000 to 43500, then it is possible that even today the market will remain in the range.
Banknifty - Strong Daily Demand AreaBank Nifty has touched its strong daily demand area which coincides with weekly demand area as well.
This demand area has given a 2700 points run in the recent days. So expecting a good bounce back towards 44500 and 45,000
HDFC has touched its demand area. 1768
Axis has also touched good support area - 929
Kotakbank almost touched its gap based demand area -1776 (1764 is the actual demand area)
ICICI touched daily support area 946
SBI touched its magical number 555
So we can expect a big bull run in Bank nifty which will push Nifty towards 20,000.
OI chart also indicates good support near 43800 and 43700 but it has a resistance at 44, 000 which will cause a short covering rally.
Moreover Bank Nifty was down 6% straight 21 days from 21-July ( so Burry's short news would have factored in already) , so expecting a good short covering rally in Bank Nifty.
Note: This is only for educational purpose.
#Banknifty Expiry Levels for 17-Aug-2023Wizard Levels/Zones
#Banknifty Levels for 17-08-2023
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below then SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.