Banknifty levels for Intraday Trader's

Aug 9, 2024

Certainly! Let’s take a look at the recent levels for BANKNIFTY, the index representing the banking sector in India. Keep in mind that these levels are subject to change based on market conditions, so it’s essential to stay updated.

Here are some key data points and recent analysis for BANKNIFTY:

TradingView Chart:

Price Range (July 31): BANKNIFTY was moving within the range of 51,250 to 51,900.

Pattern: Range

Trend Strength: Normal

Buy Above: 51,360
Stop Loss: 51,280
Targets: 51,440, 51,520, 51,600, 51,720, and 51,800.
Sell Below: 51,220
Stop Loss: 51,300
Targets: 51,160

Google Finance Data:

Previous Close: ₹50,119.00
Day’s Range: ₹49,829.60 - ₹50,440.75
52-Week Range: ₹42,105.40 - ₹53,357.70
TradingView Intraday Levels (August 6, 2024):

Buy Above: 50,100
Stop Loss: 49,890
Targets: 50,250, 50,400, 50,550
Sell Below: 49,890
Stop Loss: 50,100
Targets: 49,700, 49,530, 49,290
No Trade Zone: 49,890 to 50,100
Previous Day High: 50,780
Previous Day Low: 49,700

EquityPandit Data:

Today’s Low/High: ₹51,087.85 / ₹51,608.70
52-Week Low/High: ₹42,105.40 / ₹53,357.70

Remember that these levels are based on technical analysis and historical data.