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Banknifty-levels

Banknifty 1 hour Levels (S/R)# we mark Support and Resistance on the charts so you can check.. To analyze Bank Nifty (a major stock market index in India) on an hourly basis, you typically look at various technical levels to guide trading decisions. Here’s a basic approach for determining these levels: Support and Resistance Levels: Support: This is where the price tends to find buying interest and bounce upward. To find this, look for recent lows or areas where the price has previously stopped falling and reversed. Resistance: This is where the price tends to find selling pressure and reverse downward. Identify recent highs or areas where the price has stalled and reversed.
NSE:BANKNIFTYLong
by EmpireCrown
#Banknifty directions and levels for August 7th. Even though the previous session opened with a gap-up, it didn’t sustain,BankNifty maintained their bearish bias. Today also the market may open with a minimum of 200 points positive. What about today? If this happens structurally, it could turn into a range market. Range market movements are usually difficult to predict. However, my expectation is that if the market opens with a gap-up and breaks the 38% level solidly, we can expect the next target at 50,468. After that, if it consolidates, the pullback will continue. On the other hand, if it rejects this level, the range market will likely continue. Alternatively, if the gap-up doesn’t sustain, it may consolidate within the previous day's range. In this variation, a correction is anticipated only if it falls below the previous low.
NSE:BANKNIFTY
by Manickamtraders
#Banknifty directions and levels for the June 27th.Yesterday, Bank Nifty continued the rally. Both structures have the same extension variation, so there are no changes in the market sentiment. Today, GiftNifty is indicating a slightly negative start. If it opens like this, let's look at what might happen in Bank Nifty. >Structurally, it's a bullish market and both have an extension. According to the extension, if the market opens with a gap-down, it could retrace a maximum of 23 to 38%. After that, if it finds support there, the rally will continue with minor consolidation. >However, the probability of a rally today is less compared to yesterday, as the sub-waves driving yesterday’s rally are now over. If the market finds support at either 23% or 38%, then it may close within the range. >As per the wave structure, it could be in the 4th wave. Alternatively, if the correction becomes aggressive, we should wait for confirmation. If the market declines sharply, it may consolidate around 38% or 50%. After that consolidation, if it breaks the previous low, we can expect the correction to continue. Otherwise, it may maintain the bullish sentiment. (Note: If the market initially takes a pullback and breaks the previous high, then the rally may continue further.)
NSE:BANKNIFTY
by Manickamtraders
19 Feb ’24 — BankNifty is still not bullish, 47016 has to break.BankNifty Analysis - Stance Neutral ➡️ Even though the 4mts chart looks bullish as the moving averages have a positive slope, the reality is quite different. BankNifty has not managed to find the fire to go “BOOM BOOM”, it is totally lazy and lethargic at its current levels. Today we ended up gaining 150 points ~ 0.32% but a few of the major banks like HDFC Bank, Kotak, and AXIS were not that excited. ICICI on the other hand was totally on another orbit today. If you look at the chart below you can see the fear of heights (blue markers). The best way to get through is with a mega gap-up, which will force the weak hands to run for cover. 4mts chart Make no mistake, BN has rallied 2094 points ~ 4.69% from the recent swing low. But visually that rally is not bullish yet, that is because the time factor is at play. BN is very near the top of the bearish channel. A break above 47016 and then 47465 will give it sufficient momentum to surge through. The biggest factor that is holding up is HDFC Bank which has fallen after its results. We guess the bulls are waiting for HDFCBK to regain its footing so that the index itself can break free. The only way Nifty can get past 22500 is with the help of BankNifty. We do not remember the last time where Nifty50 kept making new highs without the support of BN. 63mts chart Algo Trading Our BankNifty algo trades ended today with a gain of Rs3793.
NSE:BANKNIFTY
by viswaram
Nifty Futures 22nd June 2023 EXPIRYIt would be very interesting to observe what happens when 1. Price opens within the range marked of Red, Blue and Green Lines. 2. Price opens below / above the range but within the range of the previous day 3. When there is a Gap up and Gap down opening. If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above. Keep Following for LIVE UPDATES
NSE:NIFTY1!
by SABMR
Trade for 14 JuneHello traders Hope you have seen the last post for entry and exit. Take a look again at yesterday post and look today's chart it has not crossed the 43950 level and on buy side it crosses 44050 level and go till 44120 level if you are smart and not greedy you have booked some points after 44050 level. Again the levels are same which are marked on chart buying is above 44160 and buying more at 44050 level because now it is support. On sell side if it breaks 44050 let it sustain below the level and take a small quantity. Mark in mind never trade against your rule, money and risk management, never trade in FOMO. Thanks
NSE:BANKNIFTY
by Green_Red_Blood
PostMortem on BankNifty Today & Analysis of 27 Mar 2023There are few important aspects to the price action today. We stuck to a small range today - it would have been good for intraday straddlers & short iron-fly, iron-condor strategy deployers. So we opened inline at 39484, many would argue that it was a gap up. But i wouldnt say that because of the price action from the previous session. As soon as we hit the last session's swing low, we got a bounce of 270 pts, but this did not sustain and we fell back to the same low point. We had a second bounce of 268pts between 11.30 to 12.45 & as expected this did not sustain as well. and fell back to the low point of the day again. Now between 13.25 to 14.35 we had the 3rd bounce of 383 pts & again we could not breakthrough the 39742 level. And we fell back to the low point of the day. The important aspect in today's price action is we had 4 tests of 39300 levels today (see cyan markers from chart). And none of them gave away. I am not saying that its a bullish sign, but its an area of importance. Either the volume traded today might be too low to create any volatility to break this zone or we may need some external triggers to break down. --- On NSE:BANKNIFTY minds i made 3 posts today "$BANKNIFTY we need a break of support 38690 for strong bearish momentum" at 10.14 "$BANKNIFTY option prices are not providing clear direction" at 13.39 "$BANKNIFTY needs to take out 39742 to go bullish" at 14.39 --- 15mts TF is looking at a sideways movement, i was hoping was a retest of 38690 levels today - but that did not happen. Instead the 39300 level came to rescue. I am seriously considering to mark a new SR zone at 39310. to view all 10 charts in today's discussion visit viswaram. com --- 1hr TF is still bearish to me, agree its taking some time for the new leg to form. If there are no fundamental news triggers i am expecting the 38690 levels to be taken out this week itself. Keeping my fingers crossed
NSE:BANKNIFTY
by viswaram
Banknifty Confirm Targets For Monday NiftyBank One Hour Chart Analysis with Option Chain Analysis Support Zones Frist Support Level For For Long Banknifty - 40355 - 40390 Second Support Level For Long Banknifty - 40040 - 40075 Third Support Level For Long Banknifty - 39690 - 39750 Resistance Zones First Resistance Level For Short Banknifty - 40775 - 40800 Second Resistance Level For Short Banknifty - 41920 - 41950 Third Resistance Level For Short Banknifty - 41170 - 41200 Importent Signal for Banknifty Trading from Option Chain Data Analysis Max Pain As per Option Chain Analysis – 40500 PCR ratio as per Option Chain Analysis – 0.59 ( Bearish ) Major Support as Per Banknifty Open Interest Analysis – 39700 Major Resistance as Per Banknifty Open Interest Analysis – 41200
NSE:BANKNIFTY
by manojshinde27
BankNifty Daily Levels Update For Option Day Trading Key Levels For Easy Option Buying & Selling in Banknifty Banknifty Important  Support Zones  First Support Zone For BankNifty –          (  39909  - 39935 ) Second Support Zone For BankNifty –     (  39570  - 39594  ) Third Support Zone For Bank Nifty –       (  Not Require  )  -  Market is full bullish Tomorrow BankNifty  Importatnt  Resistance Zones     First Resistance  Zone For BankNifty –      (  40260 -  40230 ) Second Resistance  Zone For BankNifty –   ( 40645  - 40612 ) Third Resistance  Zone For BankNifty –      ( 40862 - 40830 ) Fourth Resistance  Zone  For Banknifty  -   ( 41162 - 41137)
NSE:BANKNIFTYLong
by manojshinde27
SGX Nifty possibilities of long and short trades.This is an Idea of SGX Nifty probabilities on a Long note. Fibo retracment : Lets start with basi Fibo retracement, from point A to B , which is already at 38.2%, now we all know if this is going to be a strong bull trend there will be a possible reversal at this level or a possible reversal will be at 50% which comes around 17238 - 16938 .. it doesnt have to be 50% it may even take a reversal at 61.8% as well. Pitchfork : A valid Pitchfork has been broken and trigger line has been rejected (Normal terms we call it trendline) 2 possibilities here: One, this could be a retest of the broken pitfork line which is absolutely at fibo 50% which can only be known once it reaches that area of horizontal support Two, this could be a downtrend after getting rejected by the trendline at point B. H&S Pattern : There is an Head and shoulder pattern in formation which could take support at Fibo 50% and revert back to the trendline, if this happens and a breakout of trendline is seen, target is mentioned on chart. lets say H&S is not formed, trendline or pitchfork parallol line still acts as a strong resistance, or breaks pitchfork and rejects at trendline, that is going to be a 3rd time rejection of this trendline, we might see a stong move downside once again. which i called alternate possibility.
NSEIX:NIFTY1!
by TaurusTeam
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