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Bankniftytrading

Banknifty Intraday (01-7-2024)Date and Time: The chart is labeled "01-Jul (Intraday)" for intraday trading on July 1, 2024. Candlestick Bars: Each bar represents a 15-minute trading interval showing the open, high, low, and close prices. Technical Indicators: -Exponential Moving Average (EMA): A blue line shows the 20-period EMA used to determine the trend's direction. It acts as dynamic support and resistance. Annotations: -A green arrow indicating a buy signal if the price moves above 52,500, with a target (Tgt) of 52,750 or higher. -A red arrow indicating a sell signal if the price falls below 52,150, with a target of 51,800 or lower. -Support and Resistance Levels: Dashed lines indicate significant levels, likely acting as psychological barriers or points where significant buying or selling has occurred. This setup is typical for traders who use technical analysis to predict short-term price movements based on historical price patterns and trading volumes.
NSE:BANKNIFTY
by Praveenmor7
BankNifty Levels For 01/07/24According to the research i've done, market is most likely to open upside and go up as market has the support of supertrend along with RSI under 20, but in other situations If it comes downside It will have to suffer through a great support of level 51950 - 52000, if it breaks down this support it can go further downside. The other scenario can be that the market touches 53200 and comes back downisde, with the highest chances of happening, in the last scenario it can break through 53200 and go further upside till 53500 or even 54000. Hope It Helps :)
NSE:BANKNIFTY
by CKartikeyYT
1 JULY 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSGood Morning everyone, According to the data today market is going to open gap down Focus to buy above 52000 if sustain above 52000 focus for reversal After A gap down opening if Banknifty sustains Above 52000 and takes Support from 52000 then open target for T1-52200, T2-52300,T3-52500 If the Banknifty gap down opening sustains Below 51900 and takes resistance below 51900 then the open Targets for T1-51800, T2-51700,T3-51500 Major Levels 52200,51900,52400 If the market stands in this area of 52000 to 51900 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYLong
by mr_bull10
Banknifty Intraday (27-Jun)Bank Nifty 15-Minute Intraday Chart for 27 June Key Levels: Buy Above 53,000: Target: 53,250+ Indicates a bullish signal if the price breaks above 53,000. Sell Below 52,400: Target: 52,000- Indicates a bearish signal if the price drops below 52,400. Observations: The chart includes a 20-period Exponential Moving Average (EMA), marked at 52,793.70. Current price: 52,694.50 (as of the chart time). Resistance Level: 52,964.80. Support Levels: 52,395.60 and 52,014.25. A "No Trade Zone" is marked in the chart, indicating a range where trading is not recommended. Trading Strategy: Buy Strategy: -Enter a long position if the price breaks above 53,000. -Target a move to at least 53,250 or higher. Sell Strategy: -Enter a short position if the price drops below 52,400. -Target a move to at least 52,000 or lower. This concise overview can help traders quickly understand the important levels and potential trade opportunities for Bank Nifty on 27 June. If you need any further details or adjustments, please let me know!
NSE:BANKNIFTY
by Praveenmor7
Banknifty Intraday (26-06-2024)Price Levels: The Bank Nifty is trading at 52,630.15, with the high and low for the session being 52,746.50 and 52,599.25, respectively. Exponential Moving Average (EMA): A 20-period EMA is plotted on the chart with a value of 52,387.34. Support and Resistance Levels: The chart displays several horizontal lines indicating key levels: 52,671.65 52,500.75 52,028.45 Trading Signals: Buy Signal: "Buy Above 52,800; Target 53,250+" indicated by a green arrow pointing upward. Sell Signal: "Sell Below 52,450; Target 52,000-" indicated by a red arrow pointing downward. No Trade Zone: A highlighted area labeled "No Trade Zone" between the levels of 52,500.75 and 52,671.65 suggests that no trades should be taken within this range. The chart is likely used for intraday trading strategies, providing specific levels to enter buy or sell positions based on the Bank Nifty's price movements.
NSE:BANKNIFTY
by Praveenmor7
25 JUN 2024 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 51200 and takes Support from 51200 then open target for T1-51400, T2-51500,T3-51600 If the BankNifty gap down opening sustains Below 51200 and takes resistance below 51200 then the open Targets for T1-51100, T2-51000,T3-50900 Major Levels 51500,51600,51700 If the market stands in this area of 51400 to 51600, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYLong
by mr_bull10
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 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
A steeper slope to climb!The "Channel bottom visit" we were referring to a few days ago, is done and the Level we marked " TO be protected" on 2nd May has been visited and protected (No close below that). We got the ritualistic bounce off there and now what ? The way back up to the top of the channel is not going to be an easy one and looks less probable. Was this bounce, induced by Amit Shah? If so, Banks will need a reason better than that to sustain the upward momentum. Not able to look up as of now. Shorting on upticks would be my mindset going into trade today.
NSE:BANKNIFTYShort
by OldMonk13