In Bank Nifty Upper side 44500 and 45200 is Important Level
and Lower Side 43750 is important level.
Previous day Bank Nifty has closed @ 43677.
Check Previous Day Level Performance and comment.
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Levels:
Support: 41300, 41000, 40850
Resistance: 41425, 41675
OI Data:
Bank Nifty => Price: 41307.9
ATM: 41300 , ITM: 41200, 41100, 41000 , OTM: 41400, 41500, 41600
Highest OI Call in Bank Nifty per OI data: 41500
Highest OI Put in Bank Nifty per IO data: 41000
Nearest Major Resistance in Bank Nifty per OI data: 41500
Nearest Major Support in Bank...
Today will be gap up opening in banknifty. Expected opening above 35550 level. After opening banknifty will face upside resistance at 35950 level. Below 35450 level expected downside upto 35050 and this can be extend for further 400-500 points in case banknifty starts trading below 34950 level.
If market gives closing below 35049 level, then go for short.
Target 1 - 34897
Target 2 - 34725
Target 3 - 34395
For Upside move
Levels are given in image 😀
HELLO TRADERS,
This post is all about the BNF analysis posted on the community tab , the link is given below box provides the trading levels and trading ideas, posted yesterday which can see in this post, marking and explanation to understand how to trade.
Trade Idea for 17 -11-21
37506 is halt 3
1. If the price opens the gap down...
Exceeding and sustaining above 18130 is important fot long side trades.
17998 is an important support, dips should be used to add as long as this is intact.
17850 support loss - short term trades,
Sharp upmove can be expected above 18180-18220 resistance range.
Resistance levels for week 18205,18268,18335,18400,18484
Supports 18055,17960,17893,17800,17729
Bank Nifty is taking support at the 28000 levels. The short term trend is up now. It can test the 28800/29800 levels in next few weeks. Stop 27950. I am posting the 60 minute chart of the bank nifty.
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(05/05/2022)](https://s3.tradingview.com/x/XtIDbjAn_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(05/05/2022)")
