Bankniftytrading
banknifty pre market analysis24JULY ANALYSIS:
Daily analysis:
Banknifty
side: could consolidate for 1 more day, unless gives breakout upside after some consolidation
gapup: for gap up wait for price-action and then buy if market goes up after some consolidation (ps-50%)
gapdown: if gives breakout after some consolidation before 45900, then we can sell (PS50%)
24 JULY 2023 EXPIRY DAY 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 46200 and taking Support from 46200 then open target for T1-46300,T2-46500,T3-46600
If the Banknifty Flat opening sustain Below 45800 and taking resistance below 45800 then the open Targets for T1-45700,T2-45600,T3-45400
Major Levels 46000,46200,45800
If the market stande in this area of 45800 to 46200, then it is possible that even today the market will remain in the range.
BANKNIFTY--Continuation or Reversal ??Observations::
Today price broken the ATH again and showed a strong bullishness towards 46000....
Above ATH, we are going to mark the levels by using pivot point standard.
today it performed well above ATH.
So, on that basis i am giving the levels for tomorrow,
if we see on monthly pivots price broken the Resistance level R2 strongly.
price facing the resistance multiple times,and broken this level.
in monthly the next resistance is located at 46650 level.
Coming to weekly analysis, price broken the Resistance R4,at 46100 level....
and the next resistance is located at 46400 level.
Before continuation will it gives a pullback..or continue to move upwards.
on bottom side, a zone is formed combination of monthly resistance and weekly support.
if price again comes to this level, I am again looking for buyside...
if no chance will be on sell side to bottom levels.
All these are the pre and post market analysis, live market is entirely different. Will see what happens in live market.
21 JULY 2023 EXPIRY DAY 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 46000 and taking Support from 46000 then open target for T1-46200,T2-46300,T3-46400
If the Banknifty Gap-Down opening sustain Below 46000 and taking resistance below 46000 then the open Targets for T1-45800,T2-45700,T3-45500
Major Levels 46000,46200,45800
If the market stande in this area of 45800 to 46200, then it is possible that even today the market will remain in the range.
banknifty pre market analysis21JULY ANALYSIS:
Daily analysis:
Banknifty
side: if market gives breakout after some consolidation then buy(PS-50%)
gapup: for gap up wait for price-action and then buy if market goes up after taking support (ps-50%)
if a morning star candle formed(inverted candle with wick) then we can sell in very less quantity (ps-20%)
gapdown: if gives breakout upside after 5 min hammer candle we willbuy
below 45700 is sell zone. before that we will not sell in high qty
20 JULY 2023 EXPIRY DAY 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 45500 and taking Support from 45500 then open target for T1-45600,T2-45700,T3-45900
If the Banknifty Gap-Up opening sustain Below 44500 and taking resistance below 44500 then the open Targets for T1-44400,T2-44200,T3-44000
Major Levels 45400,45600,45500
If the market stande in this area of 45500 to 45700, then it is possible that even today the market will remain in the range.
19 JULY 2023 EXPIRY DAY 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 45500 and taking Support from 45500 then open target for T1-45600,T2-45700,T3-45900
If the Banknifty Gap-Up opening sustain Below 44500 and taking resistance below 44500 then the open Targets for T1-44400,T2-44200,T3-44000
Major Levels 45400,45600,45500
If the market stande in this area of 45500 to 46000, then it is possible that even today the market will remain in the range.
BANKNIFTY--Will ATH Breaks ??BANKNIFTY::
A Flag and Pole pattern...is observed
---->>price is clearly broken the channel and showing us bullish momentum.
we will also enter in long, achieved all targets.
if this momentum is continues or any breakdown will happens again.
if breakdown happens at which level this can be possible...
if we see the chart the price is constantly rejected by this level @45000-45200 that's broken.
after finishing the gap on upside,
price will again test the ATH and falls or continues its momentum towards upside.
If price tested ATH, we need a strong support to be expected from this level...@45000-45200 level to go for long.
because multiple times it acts as a resistance, if resistance becomes support we will observe a bullish momentum above ATH.
But ATH is strong so if price failed to acts as support @45200,price falls below, a strong bearish momentum can be happens.
will see what happens Tomorrow.
Thank you guys for your support.
BANKNIFTY--Bull Trap or Bear Trap ??The index price is still trading in a channel...
will this channel breakout.... or continue it's momentum towards downside....
we are at important zone...i.e 44500 zone...
today price comes almost near to this zone and showed a bullish momentum towards upside...
But we are still having some bullish gap left @44400 level...
if today's bullish momentum is a bull trap, tomorrow price will be bearish...
opens gap down fill the bottom side gap and moves up... or continue fall bottom levels, to grab the liquidity on buyside.
If this a bear trap...still those who are buying puts after a strong bullish momentum puts are available at cheaper price...price will opens again gap up and takes all the liquidity on put side..
fills bearish gap and again falls from that level...
so without confirmation, we cannot say anything ....as per the price movement it is in a channel.so we are taking any decision after breaking this channel...
Will see what happens in the upcoming session.
If this is helpful...please do follow and give a like.....
Thank you guys...those who are supporting me...
Have a nice weekend.
17 JULY 2023 EXPIRY DAY 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 45100 and taking Support from 45100 then open target for T1-45200,T2-45400,T3-45500
If the Banknifty Gap-Up opening sustain Below 44600 and taking resistance below 44600 then the open Targets for T1-44400,T2-44200,T3-44000
Major Levels 45000,44200,44600
If the market stande in this area of 45100 to 44600, then it is possible that even today the market will remain in the range.
BANK NIFTY ANALYSIS FOR 14/07/2023BUY ABOVE - 44720
SL - 44600
TARGETS - 44850,44940,45100
SELL BELOW - 44600
SL - 44720
TARGETS - 44500,44260,44100
Still I'm Suffering with some Health Issues guys... I'm not well 💉🩸
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
I'm not well guys 🫀💉🩸So I'm not sure about Updating the market moment in the live market.... If possible I'll update at that time
If you like my levels then keep this levels into your Charts & Follow the levels Strictly
HAPPY TRADING GUYS
BANKNIFTY--Gap up or Gap down ??Observations::
price broken the trendline strongly, but failed to take the support and falls below to complete the bullish gap.
if today's gap up is created by the buyers telling us buy at this place or its a bull trap.
on top we are left with the bearish gap...how this gap be filled...
every time the price is rejected by the level @45000-45100,
so if price breaks this level we can observe a bearish gap be filled...
but this can be achieving by a slow process with a strong breakout at that level.
price slowly comes to this level while breaking that level a strong bullishness is observed...so careful at that level...
on bottom side we have a bullish gap left...will see what happens tomorrow in live market...
All this is a pre and post market analysis...we can't tell what happens at each and every level...
based on the reactions at that particular level only our entry will be placed.
so by breaking the resistance or support don't take entry quickly...
wait it will come back and then take entry with small risk...
please be patient...be with the market...follow the trend...
market always gives us discount...
14 JULY 2023 EXPIRY DAY 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 45000 and taking Support from 45000 then open target for T1-45200,T2-45300,T3-45500
If the Banknifty Flat opening sustain Below 44500 and taking resistance below 44500 then the open Targets for T1-44300,T2-44200,T3-44000
Major Levels 45000,44500,44600
If the market stande in this area of 45000 to 44500, then it is possible that even today the market will remain in the range.
BANKNIFTY--Retest and Rise ??Observations::
price a strong fall is witnessed today as well...
noticed that fall happens after a consolidation...
if consolidation + Downside =Up...may be possible...
we are still left with the bullish gap left below @previous resistance..
if this previous resistance will acts as support or not,
we have a trendline confirmation as well to go long...
wait until price breaks the trendline and retest to enter long.
If a continuous fall happens...enter break of the previous resistance and retest of strong resistance.
BANKNIFTY--Consolidation to Resistance @44500 ??Observations::
the previous resistance @44500 level is broken by opening a huge gap up
then price is immediately testing the resistance with a single red candle...
tomorrow this red candle...won't allow the price to go down...
but price wants to fill the small gap up....which is left almost 55-60 points gap..
if we see from top price is continuously falling...from 45600 levels...
if tomorrow price wants to fill this gap....and big red candle rejecting the price downwards..
and above we have strong demand acts as resistance again...
considering all these 3 points results in a consolidation market...
in which levels these consolidation takes place...i.e from 45000-44650 levels....
what happens if price starts consolidation...
if price consolidates to test the previous resistance...
which indicates a bullishness again from 44500 levels...
if a continuous falling happens price will again test the 44000-44100 levels.
All this is a pre- post market analysis, live market is entirely different from these analysis...
will see on live market what happens.
12 JULY 2023 EXPIRY DAY 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 last day Above 45200 and taking Support from 45200 then open target for T1-45400,T2-45500,T3-45700
If the Banknifty Gap-Up opening sustain Below 44700 and taking resistance below 44700 then the open Targets for T1-44500,T2-44600,T3-44400
Major Levels 45200,45000,44800
If the market stande in this area of 45200 to 44800, then it is possible that even today the market will remain in the range.
11 JULY 2023 EXPIRY DAY BANKNIFTY SUPPORT AND RESISTANCE LEVELS
Hello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Up
After A Gap-Up opening if Banknifty sustain last day Above 45200 and taking Support from 45200 then open target for T1-45400,T2-45500,T3-45700
If the Banknifty Gap-Up opening sustain Below 44700 and taking resistance below 44700 then the open Targets for T1-44500,T2-44600,T3-44400
Major Levels 45200,45000,44800
If the market stande in this area of 45200 to 44800, then it is possible that even today the market will remain in the range.
BANKNIFTY--Bullish Gap or Bearish Gap??Observations:
1.price opened in a demand zone and failed to take the price up wards...
2.The hidden demand zone acts as support and price moves up and gives pullback...
3.Yesterday's demand zone resist the price to go up....and price falls back...
4.while breaking the demand zone price,
leaves a bearish gap and continue its fall till the hidden demand zone...
5.Bullish gap is still not able reach.
so we have 2 options now...
which gap fills 1.Bullish gap
2.Bearish gap.
if price opens below gap1, we can expect a immediate fall happens and fills the bullish gap2.
so be careful here, don't initiate a short as soon as opens ..wait for the right opportunity and enter.
Based on the price opening we will decide which gap is going to fill 1st.
and also price has created its 1st low...and given us pullback to sell...
so on Monday if price opens below 1st low, then its created a 2nd low, which confirms bearish sign.
then price is immediately created a lower high again...so will look for buy at that time..
then we can expect a bearish gap be finished and price may again fall, or continue moving up again.
lets see what happens on live market.
All this is a premarket analysis, live market is entirely different from the pre and post market analysis.
our assumptions and calculations all are changes...
so we have to act smart and continue with the price movement and observe the reactions at the demand and supply zones, support and resistance zones.
supply becomes demand and vice versa.
Support becomes resistance and vice versa.
banknifty pre market analysis6JULY ANALYSIS:
Daily analysis:
Banknifty
side: if market give downside breakout then sell(PS-100%)
add qty after 44800(morning)
gapup: wait for price-action buy above 45200
gapdown: see further price-action and sell after double confirmation
big gapdown(below 44800)- you could buy if 5 min candle starting to look like hammer
or sell after 3-4 min -ve price-action (as there is very big selling in last 30 min)