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Bankniftytrading

26 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open flat After A gap 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 46800 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500 Major Levels 47000,46800,46500 If the market stands in this area of 47000 to 46800 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Case1 or Case2??BANKNIFTY Index is showing bearish pressure after the liquidity grab above 47200 levels, tomorrow we have a chance of price trading in a channel and likely to test the demand zones at 46500 levels... these two possible cases may happens :: Case1::Rally base Rally A strong rise is observed from the demand zone at 46500 levels, by creating a bearish channel price may test this demand and again be bullish. on topside if rally base rally happens the next resistance is 47600-47700. So take care of your trades. Case 2:: Rally Base Reversal On topside we have a triple top, which is a strong resistance so, we can expect a break below the the demand zone and it will continue its movement towards bottom side. Look for buy if the price grabs the liquidity on below the demand zones and keep in long side from demand zones.
NSE:BANKNIFTY
by IIT-Trader
12
BANKNIFTY--Inverse Head & Shoulders??Banknifty Index created a inverse Head and Shoulders pattern... price broken the neckline strongly...and retested. on topside clearly resistance is at 46200 and 46500-46550 levels... keep in long side until price is above the neckline... no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below support levels. If price gives an elimination move below 45500 levels... look for long side...up to the resistance levels.
NSE:BANKNIFTY
by IIT-Trader
1
BANKNIFTY--Double Bottom??BANKNIFTY index is now at support levels..... previously a strong bullish move is observed from this levels.... Price is now at the same strong support...a lot of liquidity is lies below this levels... on topside price is rejected by the trendline multiple times... so we have a trendline liquidity as well on topside.... Wait for the bullish turn from this levels...or after completion of the liquidity below these levels... as of now we have a chance of double bottom...keep in long side from this support levels. Safe traders wait for the price to break the trendline and retracement to enter long... this is the only short cut way to reach the 47200 levels.... those who miss the previous opportunity this is the time to look for buying... ------------------------------------------------------------------------------------------------
NSE:BANKNIFTYLong
by IIT-Trader
1
13 FEB 2024 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 sustains Above 44600 and takes Support from 44700 then open target for T1-44800, T2-45000,T3-45100 If the Banknifty gap down opening sustains Below 44600 and takes resistance below 44600 then the open Targets for T1-44300, T2-44200,T3-4400 Major Levels 44600,44500,44800 If the market stands in this area of 44600 to 44700 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY-- Liquidity@47200??BANKNIFTY INDEX is taken the support from the support level and neckline is failed to push the price downwards... --->>price failed to grab the liquidity on bottom side, results in bullish entry is placed after it is failed. ------->>so wait for the price to consolidate between the Head and Right shoulder to move upside to test the resistances at 47200 and a liquidity grab above these levels... Keep in long side as long as price is above 46200 levels, which is right shoulder. ----------------------------- now price is near to trendline... if opens up chance of moving upside is possible in this case... keep in short side aslongas price is below the trendline and Right shoulder.
NSE:BANKNIFTY
by IIT-Trader
1
12 FEB 2024 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 46100 and takes Support from 46200 then open target for T1-46300, T2-46400,T3-46500 If the Banknifty gap up opening sustains Below 46000 and takes resistance below 46000 then the open Targets for T1-45800, T2-45700,T3-45500 Major Levels 46000,46200,45800 If the market stands in this area of 46000 to 46200 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Liquidity or Bullish??Bank Nifty index is showing bearish pressure from the right shoulder... a strong fall is noticed when neckline is rejected... Now price is near to its demand zones... A lot of liquidity is below the support levels... After the liquidity grab price chances of moving is more. on the topside, we have trendline....in order to reach the higher levels price has to break the trendline and retest...so keep in the bearish side as long as price is below the trendline... It might be in consolidation zone below trendline and above support zones. keep safe from these zones.
NSE:BANKNIFTY
by IIT-Trader
3
09 FEB 2024 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 sustains Above 45100 and takes Support from 45000 then open target for T1-45200, T2-45400,T3-45500 If the Banknifty gap down opening sustains Below 45000 and takes resistance below 45100 then the open Targets for T1-44800, T2-44700,T3-44500 Major Levels 45000,45200,44800 If the market stands in this area of 44800 to 45100 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
08 FEB 2024 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 46000 and takes Support from 46000 then open target for T1-46100, T2-46200,T3-46400 If the Banknifty gap up opening sustains Below 45500 and takes resistance below 45500 then the open Targets for T1-45300, T2-45200,T3-45000 Major Levels 46000,45800,46200 If the market stands in this area of 46200 to 46000 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
06 FEB 2024 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 sustains Above 45500 and takes Support from 45500 then open target for T1-45700, T2-45900,T3-46000 If the Banknifty gap down opening sustains Below 45500 and takes resistance below 45500 then the open Targets for T1-45300, T2-45200,T3-45000 Major Levels 45500,45700,45400 If the market stands in this area of 45400 to 45700 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10