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Bankniftyanalysis

BankNifty Intraday Support & Resistance Levels for 16.01.2025On Wednesday, BankNifty opened gap-up, hitting a high of 49,083.65 early in the session. However, it faced selling pressure and dropped to a low of 48,522.40 before recovering slightly to close at 48,751.70, gaining a modest 22 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 47,950.15 - 48,117.75 Near Support: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 49,175.30 - 49,358.15 Near Supply/Resistance Zone (15m): 49,492.15 - 49,557.35 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Outlook BankNifty continues to face resistance at higher levels. But, if the 15m demand zone remains intact, it could test 49,400 or even 49,800 in the coming sessions. However, sustained selling could pull it towards the lower supports.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 15.01.2025On Tuesday, BankNifty opened gap-up as expected, made a low of 48,235.20, and rallied to a high of 49,007.35 during the session. It closed at 48,729.15, gaining an impressive 688 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 47,950.15 - 48,117.75 Near Support: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 49,175.30 - 49,358.15 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 Outlook If BankNifty sustains 15m Demand zone, it could test 49,200 in the coming sessions.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 14.01.2025On Monday, BankNifty opened with a gap-down, reaching a high of 48,606.35 before falling to a low of 47,898.35. It closed at 48,041.25, losing 693 points compared to the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative. Demand/Support Zones Near Support: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (30m): 48,640 - 48,793.75 Near Supply/Resistance Zone (15m): 49,175.30 - 49,358.15 Far Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Far Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 Outlook BankNifty is currently oversold on lower timeframes (60m, 75m). A bounce-back may occur if it sustains above the 48,000 level. However, resistance at higher levels could limit significant upward movement.
NSE:BANKNIFTY
by PriteshPalan
Triple Top Chart Pattern IN BANK NIFTY ? Triple Top in Bank Nifty? Please observe carefully. Upon broadly looking at Bank Nifty and its components, such as HDFC, ICICI Bank, SBI, IndusInd Bank, Axis Bank, and Other PSUs etc.. it is evident that many have begun forming lower lows or transitioning from an uptrend to downtrend. This indicates a bearish structure. By observing Bank Nifty closely and considering the mentioned points and levels, an early Entry for shorting @ 50900 level. If the price rebounds to 51275, it presents an opportunity to add more quantity. Most of the levels are mentioned in the chart. Please refer to it and share your feedback in the comments. If you disagree, please feel free to ignore.
NSE:BANKNIFTYShort
by Vikrant_Mighty
3
HUGE SELLING ON CARDS IN BANK NIFTY ? - SHORT TRADE VIEWSymbol - BANKNIFTY CMP 50080 BN is currently trading at a major support area which is acting as a support zone from last 7 months. This support liquidity zone has tested multiple times & there is Triple top pattern is formed. I am expecting breakdown of this support zone in near future which will trigger huge selling in bank nifty & bank nifty may correct 8-10% from current price. Hence I am creating short positions Bank Nifty Futures at CMP around 50100 I will add more position around 50500 - 50700 area & I will add more position on breakdown of 49500 - 49400 area as well. SL I am following is above 51K. Target I am expecting is 49600 & below. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BANKNIFTYShort
by akshit_official
BankNifty Intraday Support & Resistance Levels for 13.01.2025On Friday, BankNifty opened gap-down and witnessed a highly volatile session. It recorded a high of 49,483.15 and a low of 48,631.20, breaking below the critical 61.8% FIBO level at 49,282. Eventually, it closed at 48,734.15, losing a substantial 769 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Support Level: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 49,173.80 - 49,359.35 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Outlook Friday's close below the 61.8% FIBO level at 49,282 raises concerns for the bulls.
NSE:BANKNIFTY
by PriteshPalan
1
BankNifty Intraday Support & Resistance Levels for 10.01.2025On Thursday, BankNifty opened with a gap-down, briefly tested a high of 49,798.10, and dropped to a low of 49,230.15, aligning with the FIBO 61.8% level at 49,283. A minor recovery followed, and it closed at 49,503.50, losing 331 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative, reinforcing bearish sentiment. Demand/Support Zones Near Support Level: 49,282.64 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 50,043.35 - 50,246.90 Near Supply/Resistance Zone (15m): 50,618.95 - 50,813.55 Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Outlook BankNifty tested critical support at the 61.8% FIBO level, highlighting this as a pivotal zone. Further downside could push it into the 44,633 zone, while if it sustains we may see up move till 50600.
NSE:BANKNIFTY
by PriteshPalan
#Banknifty directions and levels for January 8th, Wednesday:The market seems to be in the 4th consolidation wave. Yesterday’s movement supports this view. Unless the market breaks the previous high, we can assume it is still in the consolidation phase. However, if it breaks the previous high, the trend may change. Usually, breaking the 38% Fibonacci level can push the market toward the 78% level. based on that if the market crosses yesterday’s high, we could see it move toward the 50% to 61% Fibonacci levels. This is the key structure for the day.
NSE:BANKNIFTY
by Manickamtraders
#Banknifty directions and levels for January 7th, Tuesday:Bank Nifty Current View: The current view for Bank Nifty is similar to that of Nifty. If the market opens with a gap-up and sustains, it could take a 23% to 38% pullback in the minor swing, and structurally, it could be a 4th wave. The 4th wave is a three-wave structure and could also be a consolidation wave. The 4th wave usually doesn't break the 38% Fibonacci level, so once it starts to reject there, we can expect a correction. This is the basic structure. However, if the market experiences a strong pullback, it could reach the 50% mark. Alternate View: An alternate scenario suggests that if the gap-up doesn't sustain and breaks the previous low, we can expect a correction to the level of 49,599 to the demand zone. If this happens, we should consider that a 5th wave. The 5th wave is a distribution wave, so if it finds support around 49,559 or the demand zone, we can expect a minimum of a 23% to 38% pullback in the overall swing. (Before entering the pullback, please check for some reversal confirmation.)
NSE:BANKNIFTY
by Manickamtraders
BankNifty Intraday Support & Resistance Levels for 07.01.2025On Monday, BankNifty witnessed a sharp sell-off. After opening flat and reaching a high of 51,026.10, the index nosedived over 1,200 points to a low of 49,751, breaking all near-demand zones. It closed at 49,922, down by a significant 1,066 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Support Level: 49,282.64 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 50,618.95 - 50,813.55 Near Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 52,264.55 - 53,775.10 Outlook The relentless selling pressure has pushed BankNifty closer to critical support levels, with 49,282.64 being the next key zone to watch. Recovery attempts could face resistance near the 50,618 zone, while the broader trend remains bearish.
NSE:BANKNIFTY
by PriteshPalan
#Banknifty directions and levels for January 6th, Monday:Bank Nifty Current View: The current view for Bank Nifty is similar to that of Nifty. If the market opens with a gap-up, the 38% level will act as a resistance. This means that until this level is broken, the market will maintain a bearish bias. However, if it breaks the 38% level, we can expect a minimum target of 51379 to 51508, with 51508 being a major resistance. > After reaching 51508, if it consolidates or breaks this level, we can expect further continuation of the pullback. Conversely, if it rejects this level, we can expect a correction. Alternate View: An alternate scenario suggests that if the gap-up doesn't sustain and breaks the previous low, the correction will likely continue to the 78% level at 50620, which is the bottom of the range. Therefore, we should wait for a breakout, or if it pulls back, we can check for reversal confirmation before entering a long position.
NSE:BANKNIFTY
by Manickamtraders
#Banknifty directions and levels for the second week of January:Bank Nifty Bank Nifty is clearly in a range-bound market, and until it breaks out, we cannot expect directional movement. Open interest also indicates a bearish bias, so the probability of downside movement is higher. Let’s look at the chart. Current View: If the week starts negatively, Bank Nifty could reach a minimum of 50,255, which is a minor support level. While some consolidation may occur, the level might not sustain. Alternate View: If the market pulls back at the start, it could attempt to reach 52,174–52,386. However, this is a major resistance level. If the market rejects this level, we can expect a correction, which means it will re-enter a range-bound phase.
NSE:BANKNIFTY
by Manickamtraders
BankNifty Intraday Support & Resistance Levels for 06.01.2025On Friday, BankNifty opened flat to negative, reaching a high of 51,671.60 before facing intense selling pressure. The index failed to hold at the 15-minute demand zone, dropping sharply to a low of 50,904.35. It eventually closed at 50,988.80, losing 616 points over the previous close. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. Demand/Support Zones Near Minor Demand/Support Zone (15m): 50,800.50 - 50,890 Near Demand/Support Zone (15m): 50,485.05 - 50,629.65 Far Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (tested) Far Support Level: 49,282.64 (61.8% FIBO retracement) Supply/Resistance Zones Near Supply/Resistance Zone (15m): 51,767.65 - 51,937.05 Near Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35 (tested)
NSE:BANKNIFTY
by PriteshPalan
BankNifty NR7 on Monthly charts + Covid low Trendline ##BankNifty making NR7 on monthly charts of 4000 points 49500-53500 levels also it trading near Trend line of Covid Lows this time BankNifty may give breakdown of this TrendLine. BankNifty Components like HDFC BANK & ICICI BANK made a Shooting Star on Monthly Charts so we have to watch these two how they move with Q3 Results onboards in coming days. Q3 Results will be more important for BankNifty to give Range Breakout. I am waiting for breakdown of Trend line & 50055-49555 levels then only I will make short position. Target for Downtrend will be T1- 48555, T2- 46077, T3- 44144, T4- 41855, T5- 39444, T6- 37711, T7- 35655, T8- 33933, T9- 32622 with StopLoss 53355 & trailing with target achieving. Thank You & Happy Trading
NSE:BANKNIFTYShort
by K_Dyadav
Bank Nifty: Key Price Levels and Breakout Analysis for TomorrowBank Nifty Trading Idea - Key Zones to Watch 🔍 Overview: Bank Nifty has shown strong momentum recently and is approaching critical levels. Here’s a breakdown of the key zones and potential scenarios. ⚡ Key Zones 1️⃣ Huge Resistance Zone (51,800–52,000) This is a significant resistance area where sellers have historically dominated. What to Watch: If we get a perfect breakout above 52,000, the price may potentially move toward 52,324/52,526 levels in the short term. Failing to break this level could result in a pullback to test lower zones. 2️⃣ Resistance Zone (51,600–51,700) A minor resistance level where early signs of strength or rejection can be observed. 3️⃣ Support Zone (51,100–51,200) This zone has been a reliable base for the ongoing rally. What to Watch: A pullback here could provide insights into whether the bullish trend is likely to continue. 4️⃣ Important Support Zone (50,500) A deeper support zone, critical for maintaining the overall uptrend. What to Watch: A break below this level might signal a bearish shift. 📈 Momentum (MACD) The MACD indicator is showing bullish momentum, with an upward trend and a positive histogram. This supports the chances of a continued rally unless we see a reversal signal. 💡 Trading Plan Breakout Scenario: A clean breakout above 52,000 could pave the way for targets near 52,324/52,526, supported by strong volume. Pullback Scenario: If the price pulls back to the support zone (51,100–51,200), monitor price action for signs of strength or weakness. Reversal Scenario: A breakdown below the important support zone (50,500) could indicate bearish momentum and deeper corrections. If you liked this idea, hit like🚀 and follow us for more such educational content! For other ideas, check out our profile @TraderRahulPal Don’t forget to follow us for daily insights and updates! Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research or consult a financial advisor before making any decisions.
NSE:BANKNIFTY
by TraderRahulPal
BANKNIFTY MATHEMATICAL LEVELS VALID TILL THUSRDAYThese Levels are based on purely mathematical calculations. Validity of levels are upto Thursday of next week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by StocksOptionBlaster
BankNifty Intraday Support & Resistance Levels for 03.01.2025On Thursday, BankNifty opened on a positive note, found support at 50,992.80, and staged a strong rally to the day’s high of 51,672.75. It closed at 51,605.55, gaining an impressive 545 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 51,268.25 - 51,370.55 Far Demand/Support Zone (15m): 50,800.50 - 50,890 Far Demand/Support Zone (15m): 50,485.05 - 50,629.65 Far Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (tested) Far Support Level: 49,282.64 (61.8% FIBO retracement) Supply/Resistance Zones Near Supply/Resistance Zone (15m): 51,767.65 - 51,937.05 Near Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35 (tested)
NSE:BANKNIFTY
by PriteshPalan
Banknifty analysis for tomorrow 03 JAN 25As we discussed, Bankanifty has been bullish today. If we look at the chart now: The market is trading at the resistance level. As the market has been very bullish today, it might have a consolidation tomorrow before the big bullish momentum to the upside. All important levels have been marked on the chart. Support levels : 50 EMA, 51123, 50650 Resistance levels : 51639, 200 EMA, 51442 (minor), 52408, . If we look at the OI data: PCR = 1.1, Which shows a good bullish market structure. 51500, 51000 has good PE writing, which will provide good support. On the upper side, 52000 has good CE writing, which is going to provide a good resistance level. I am expecting the market to be bullish in upcoming sessions. Reason: Price > EMAs shows a Bullish market structure. PCR = 1.1 shows that the market is bullish. RSI = 67, showing the bullish market structure. Price > VWAP shows the market is bearish right now. Verdict : Sideways or Bullish Plan of action: Sell 51600 CE and Sell 51600 PE (Hedge position) adjust according to the price action on given levels.
NSE:BANKNIFTYLong
by finnova_
BankNifty Intraday Support & Resistance Levels for 02.01.2025On Wednesday, BankNifty opened flat to negative, dipping to a low of 50,485.05 before finding strong bullish support and rallying to a high of 51,321.95. It closed at 51,060.60, gaining 200 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 50,800.50 - 50,890 Near Demand/Support Zone (15m): 50,485.05 - 50,629.65 Near Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (tested) Far Support Level: 49,282.64 (61.8% FIBO retracement) Supply/Resistance Zones Near Supply/Resistance Zone (15m): 51,767.65 - 51,937.05 Near Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35 (tested)
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 01.01.2025On Tuesday, BankNifty opened gap-down, reaching a low of 50,599.80 and a high of 50,945.55. It traded within a narrow range throughout the session and closed at 50,860.20, losing 92 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (current price within the zone) Far Support Level: 49,282.64 (61.8% FIBO retracement) Supply/Resistance Zones Near Supply/Resistance Zone (15m): 51,767.65 - 51,937.05 Near Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35 (tested) Outlook BankNifty continues to stay under selling pressure, with the current price hovering within the daily demand zone. A decisive break below 49,787 could signal further downside. ✨ Wishing everyone a Happy and Prosperous New Year 2025! ✨
NSE:BANKNIFTY
by PriteshPalan