Banknifty all the important levels to mint money 18-05-2022Banknifty can touch 35000 near future as long as 34000 is holding.
at 35000 we may see profit booking and banknifty can consolidate near the same level
One day closing above 35000 will trigger buy button and target will be 36000
On the flip side if didn't manage to cross above 35000 it may reach 34000 again when it will find support.
Up side range
Above 35000 target 36000
Above 36000 target 37700
Above 37800 target 37312
Down side range
Below 35000 closing target 34000
Below 34000 target 33300
This is master chart for banknifty and will be valid for this week.
Bankniftytrading
Banknifty buy above trend line resistanceOn 15 min chart banknifty is rejecting from trend line resistance.
Breaking above the trend line will attract buying and potential target will be 35000 followed by 35550.
Closing below 34000 will change the sentiments and we can see more pain on the down side.
Banknifty view for 09/05/22Banknifty on a daily time frame has taken support from its zone and has formed a doji.
There is a bearish moving average divergence on daily time frame.
The markets have fallen and may consolidate.
Support :- 34400, 34100
Resistance :- 34720, 35000
The markets has crossed its 20 ema on 15 minute time frame.
Wait for the price action near the levels before entering the market.
Banknifty analysisIf Bank nifty opened dawn side then the trendline shown in red color will became Strong resistance. 36100 is important resistance and 35700 is important support for bank nifty if breaked then 35500 will become crucial important support. We will think about CE position for intraday only at this zone 35700-35500 stoploss should be 35400. Kindly trade on your own risk. I'm not responsible for your financial losses. This view is only for educational purpose. Thank you.
Banknifty for 21 April 2022Today's Price Action
Opened slight gap-up.
Resisted at previous support turned resistance .
Traded within the range of the previous candle.
Support at 35530-35410
Further Resistance at 36920 - 37050.
Price action still looks weak, chances are still high that we could see further sell-off to the next support levels.
Recovery can come only if the price opens above or sustains above 36500 levels.
BANKNIFTY Levels for 20 April 2022
Banknifty opened a slight gap up.
Tried to hold the support mentioned in the previous posts( refer to the linked post)
Weakness started to creep in post 2:00 P.M and the support was broken aggressively.
Now What's for tomorrow.
Considering today's price action, we can see further sell-off tomorrow up till the next support levels i.e. 35540- 35400
Resistance at 36800- 36900
Expecting high volatility tomorrow, considering the wide Support and Resistance Range - 36900 to 35400.
BANKNIFTY FOR 19 April 2022Banknifty opened a gap down at the beginning of the week, it opened gap down, saw some follow-up, but took support at the levels mentioned in the previous post( refer to the linked post)
Now what next, if the supports are held we might see a bounceback to 37450 to 37700 levels.
If those supports are broken via gap down opening or in the first of the trading tomorrow, we can see the index moving fast towards 35400 levels
Bank Nifty Short term Important Trend Analysis (One must Know)Hey folks,
lets look the Bank nifty what's happening in it.
Look at the point 1 first
Breaking of 36600-36700 Zone Made
Bears Dominating and They Drag the market Down
From Point 1 to 2
Then Bulls Come into play
and Drag market Upto 36600-36700 Zone
From Point 2 to 3
Now observe this level is important for setting up the trend
After That Bears again Come into play
and Drag the market down from 36600-36700 Zone
From Point 3 to 4
but this time they aren't able to dominate downtrend for
longer time
Means Demand was Still Stronger.
& at Point 5
Bulls broke the level and a steep rally comes in
and now market is consolidation in 38000 to 37400 level and breaking of this consolidation will set the trend on either side.
If consolidation broke on downside we can see good down move and bears dominating again.
but if we see consolidation broke on upside a trend line will also broke which is coming from upside in higher time frame
and breaking of it will change the structure. and we can see 39000 level very soon in bank nifty.
Hope it helps you and increased your knowledge .
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Bank Nifty in a consolidation and Expected to rise up-to 38864Bank Nifty currently consolidating because of global markets down and risk of inflation and war uncertainity, But it is expected to rise from here and break the consolidation and face resistance at upper-side at 38864. If breaks below 37,255 then it is expected to go lower at 36,656. Get the Indicator on chart from my web given on profile.
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Bank Nifty - Intraday for 11th AprilBank Nifty has formed a double top pattern and the downward trend is forming a H&S pattern on Intraday. Support and resistance based on OI is marked in the chart.
A gap fill is still open which suggests the market may go down for 1 or 2 trading sessions and take off.
This is my view and for educational purpose only.