Bank Nifty view for 8th of Feb, 2023Keep an eye on RBI credit policy. If market forms a range before RBI press conference, then after the conference, any break out will result in atleast quick 150/200 points in any direction in Bank Nifty.
Bankniftyview
Sell Below 1645trying to for a kind of M pattern, can initiate short below 1645 for a target of 1420
7/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-42000,T2-42200,T3-42400
If the Banknifty after a Gap-Up opening sustain Below last day low 41250 and and taking resistance below 41250 then the open Targets for T1-41000,T2-40800,T3-40600
Major Levels 41600,41800,42000
BANK NIFTY 07.02.2023NSE:BANKNIFTY Refer yesterday mentioned levels. Given that, from 41690 onwards could face stiff resistance and today made a high of 41725 and reversed. Also given that 41200 and blow could lend support and got support at 41260.
If todays high is taken out on tomorrow, good chance to reach up to 42000 - 42300 which is also budget day high. Reason Low volume zone all the way. 41100 to 41200 area can offer some support. Refer the chart.
Meanwhile at 15 minute timeframe one beautiful VCP pattern is getting printed the break out of which will push the price up to above mentioned levels. refer the chart below.
Please keep in mind following charts NSE:BANKNIFTY Daily time frame. If you remove the negative noise from the market for the moment there is nothing wrong with BNF charts. Daily time frame shows a consolidation. Refer chart below.
NSE:BANKNIFTY weekly time frame looks like a shakeout. Refer chart below.
BANK NIFTYNSE:BANKNIFTY
Meanwhile NSE:BANKNIFTY is developing a fantastic VCP pattern with average volume dropping.
KEEP IN RADAR
Bank nifty will move up or down ???After indian government announced budget market react very abstract. So on charts bank nifty looks confusing. Bank nifty must cross either 42000 or 39500 level for further clearity. As per hourly trend bank nifty is in downtrend so bank nifty may fall till 38000 in coming days if 39500 break with volume on hourly charts. WE can plan long only after 42000 level reclaimed. Till bearish moves are expected. So trade with stoploss.
Bank Nifty veiw for intraday 6th feb.If BN opens flat, wait for price action to form. If after making a range, it break out upside, we can see targets mentioned in the chart.
Bank Nifty view for 6th feb.If banknifty crosses its resistence zone around, 41800-42000; then 42750-42800 will be fast approaching.
06/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 41500 and taking Support from 41500 then open target for T1-41700,T2-41700,T3-42000
If the Banknifty after a Gap-Up opening sustain Below 41400 and and taking resistance below 41400 then the open Targets for T1-41200,T2-41000,T3-40800
Major Levels 41500,41400,41700
CE Buyers Activate Zone 06/02/2023NSE:BANKNIFTY
Monday 06/02/2023 Trading condition -
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Bankninfty Open and Breakout their resistance level 41550and are holding in the upside , We expected banknifty Kiss💋 42050 next Resistance level /Target.
Stoploss swing low.
Thankyou and keep learning.💚
Possibility for Next weekIndex looking bullish and looking like the correction is completed. we may now see upside move towards a new high, 40750 is still crucial and till we are above the range we can see upside move.
03/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 41000 and taking Support from 41000 then open target for T1-41200,T2-41400,T3-41600
If the Banknifty after a Gap-Up opening sustain Below 40000 and and taking resistance below 40000 then the open Targets for T1-39800,T2-39600,T3-39500
Major Levels 40500,41000,40800
Possible move for friday Index is looking positive for intraday basis. 40750 is very much crucial and till index trading above 40750 there is high possibility of upside move.
PE Sellers Activate Zone 03/02/2023 NSE:BANKNIFTY
Expiry day is over, I hope everyone must have made a lot of profit.
Friday 03/02/2023 Trading condition -
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Bankninfty GapUp Open their Resistance level 41100 and making negative candle on top , We expected Banknifty kiss 40900 Support level /Target.
Stoploss Rsistance level.
Thankyou and keep learning.💚
Pin Point Predictions Of Bank Nifty For 2-2-23Hello Traders,
To make your trading easy , I posted this chart marking two days back . You can see all price action on the marked levels. To understand how to trade on these levels and what going to happen next . you can check below.
01/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 41000 and taking Support from 41000 then open target for T1-41250,T2-41400,T3-41590
If the Banknifty after a Gap-Up opening sustain Below 40200 and and taking resistance below 40200 then the open Targets for T1-40000,T2-39700,T3-37500
Major Levels 40200,40500,40800
NIFTY BANK BUDGET 2023 FEB 1 💚🤞💚💚HELLO JI🙏🙏🙏
=======================================================
Tomorrow is India's day whole world see to India budget.
reverse head and shoulder from in the chart.
be ready for tomorrow
jay hind🙏🙏🙏
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CE Buyers Zone BUDGET DAY1/02/2023NSE:BANKNIFTY
Condition 1 - Banknifty touch 3rd time trendline we buying CE , becoz banknifty looking trend in previous 2 day.
stoploss -condition based 100-150 point
31st Jan ’23-Nifty Banknifty Day Trading Post Market Analysis | 31st Jan ’23-Nifty Banknifty Day Trading Post Market Analysis | Hits & Misses
BANK NIFY PRE BUDGET RALLY ???On hourly charts , bank nifty take support near 40000 to 39600 level. This is very crucial level because 2 reasons
1. We draw Fibonacci from bottom to top then 39730 level is 0.382 % retracement level.
2. 40000 is big psychological level and also bank nifty fall from 43000 to 39600 which is 3500 point rally with no retracement.
By above logic we could expect correction upto 40700 level. Enter
only when hour candle closes above 41000 level. Trade with stoploss. see you soon!!
Inverted HnSThe index has formed an Inverted HnS in 15 Min TF. expecting some bounce towards 41600. Lets see.
31/01/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 40800 and taking Support from 40800 then open target for T1-41000,T2-41100,T3-413000
If the Banknifty after a Gap-Up opening sustain Below 40400 and and taking resistance below 40500 then the open Targets for T1-40300,T2-40200,T3-40000
Major Levels 40500,40400,40800
Bank Nifty Taking SupportBank Nifty taking exact support from my support level 39424. BUT Still Sell on rice present.
