NIFTY BANK IMPORTANT LEVELSThis chart has been marked with all important bank nifty zones and levels for potential support or resistance.
Mark them in your chart and trade accordingly!
Niftybank
Nifty Bank Key Trading levels for 17th Sept 2021
After 2 days of Continuous Upside move Bank nifty may remain Volatile or range bound for 17th Sept 2021
Key Support Zones
1st Support Zone 37712 to 37619
2nd Support zone 37452 to 37323
Key Resistance is 38000
Targets
Long
1st Target till 38000 ( 300 Points)
2nd Target 38600 incase of short covering rally
Short targets are till support zones
Disclaimer: These levels are purely based on Price action/demand and supply zones & Technical Analysis and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor for before making trading decision.
Nifty Bank Key Support & Resistance for 14th Sept 2021 Support Levels
Immediate Major Support1 level 36543 to 36468
2nd Major Support level 36258 to 36159
Resistance Levels
Immediate Major Resistance level 36849 to 36921
2nd Major Resistance level 37104 to 37144
Long Targets :
Target 1 : 36747 ( 208 Points) from Support level
Target 2 : 36843 ( 303) from Support level
if close above support
Target 3 :36929.15 ( 215 Points) Break out 1st Major Resistance
Short Targets
Target 1: 36545 ( 298 Points) If Rejection from 1st resistance
Target 2: 36252 ( 200 Points) If breakdown from 1st Support
Disclaimer: These levels are purely based on Price action/demand and supply zones, Technical Analysis and consumed only for educational purpose & should not be taken as buy/sell recommendation.
Please consult your Financial Advisor for before making trading decision.
SBIN - Elliott wave analysis - ABC zigzag up in X waveexpecting ABC bounce as (X) wave and then down, then it turn down as (Y) wave in sideways move
Divislab - Elliott wave analysis - 5th wave up It is in 5th of 5th wave and soon it will end the cycle within uptrending channel. Then it should correct down at least around 4800 or even lower.
Drreddy - Elliott wave analysis - ABC zigzag in (B) wave bounceIt is in (B) wave correction as ABC, where A wave looks like forming impulse, so expecting one more high and then correction of B and one more leg higher as c of (B). Once it finished (B) again it will go down for (C) down in complex (W)(X)(Y) correction down.
Bajajfinsv - Elliott wave analysis - 4th wave correction then upIt seems like 4th internal degree as sideways correction, which correcting before final leg higher.
Adaniports - Elliott wave analysis -(B) of (A)(B)(C) correctionIt is forming ABC zigzag in (B) wave and expected to move higher around 790-810 zone to end the (B) wave before it starts bearish (C) leg.
Infy - Elliott wave analysis - impulse 5th of 5th upIt seems like 4th of 5th of 5th of 5th is about to finish and it start moving higher in final leg up towards 1794 and thereafter it may start correction.
Drreddy - Elliott wave analysis - B of Y wave correctionIt should now bounce in B wave before next move down as C of Y wave. The drop from 5615 was impulse A wave and it should bounce in B.
Adanient - Elliott wave analysis - forming triangleIt is moving in triangle and wave E is in progress as the part of B wave in ABC down until price stays below 1563. Need to wait for confirmation of bearish sequence before taking any trade.
NiftyMidcap50 - Elliott wave analysis - ABC correctionIt is in correction after completed ending diagonal and break down below the up trending channel. So it is expected to form ABC correction with invalidation level below 7823. If the current bounce of B wave will be sideways choppy, then there is a possibility of next C wave will go down further.
