Banknifty is in a range. breakout or breakdown of the pivot lines will give movement. Upside targets are the green lines. Downside targets are the red lines.
"The global market indicates a neutral to slightly negative start. Market nature is moderately bearish.
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 42050 level then possible upside rally of 400-500 points upto 42450 Level. And this rally can extend for another 400 points if it gives breakout of 42550 level. Any Major downside only expected in case banknifty starts trading below 41950 level & also reversal possibility 42450 level.
BANKNIFTY Intraday Trade Setup For 19 Apr 2023 Buy-Above 42365 Sl-42355 T- 42575 42800 Sell-Below 42110 Sl-42220 T-41917 41719 BANKNIFTY has closed on a neutral note and formed an inside candle in daily TF. Its sign of contraction. This usually happens after a big rally. After some days this contraction will burst out till then it can have a sideways momentum....
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it...
BankNifty Trading Levels For Tomorrow’s Trading Session Resistance 42450-42500 Towards Target of 42700 With SL of 42400 Support 42050-42000 Towards Target of 41800 With SL of 42100
"On the trading day of April 18th, the global market is indicating a slightly negative start, and the market sentiment is moderately bullish. Structurally, there is a lower probability for a big rally, but if the market initially shows a strong pullback, we can consider that the pullback will turn into a rally continuation. However, the immediate upside key level...
BANKNIFTY Intraday Trade Setup For 18 Apr 2023 Buy-Above 42370 Sl-42260 T- 42800 43117 Sell-Below 42150 Sl-42260 T- 41975 41775 BANKNIFTY has closed on a positive note with 0.31% gain today. It was a bit volatile since opening till the day low. It opened with a crazy gap up and sold into immediately. In the weekend it was said that there is a chance of pullback...
NSE:BANKNIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain...
BankNifty Trading Levels For Tomorrow’s Trading Session Resistance 42350-42400 Towards Target of 4200 With SL of 42300 Support 42050-42000 Towards Target of 41800 With SL of 42100
"Trading day, April 17th: The global market is indicating a negative start, but the market nature is bullish. It may start with a gap-down. After that, if the market consolidates, that's a sign of a rally continuation. On the other hand, if the market reaches the previous spike, it may lead to a correction."
BN is moving explosively and to my surprise broke the 41650 level forcefully. This is the power of 3rd wave. Clearly 3rd is being extended and standing around 170.7 of 1st wave. From this level we can see some minor correction to 41900 level and then it may start it's upward journey again towards 42500 and even to 42850 level. Sooner or later in a few days we may...
Banknifty Weekly Analysis : Bank Nifty is super strong when comparing with Nifty, closed above Daily 100 SMA which will act as good support in BNf. 41700 Demand zone will be the key support level towards upside 42200 and any close above 42200 next target will be 42500. Banknifty is only Buy on Dip for Targets 42500 / 43000
BANKNIFTY Intraday Trade Setup For 17 Apr 2023 Buy_1-Above 42200 Sl-42090 T- 42350 42505 Buy_2- From 41750 Sl-41640 T- 41975 42200 BANKNIFTY has closed a bold bullish note last day and week with 1.38% and 2.66% gain respectively. Our long trade from 39710 has hit 2 targets very smoothly and quickly. Long trade on 20 Mar Trade Setup. Till now it has given 2400+...
Bank Nifty Zones Zones Above - 42291-327, 42534, 42709-759, 43026-137 Zones Below - 41934-42015, 41564-640, 41157-187, 40817-727 Bank Nifty seems to be very strong as per today's close, 15th April is the result of HDFC bank, if the result is strong then it may further rally on Monday, 17th April Very Strongly
NSE:BANKNIFTY BANK NIFTY TARGETS for tomorrow based on important fresh/untested resistance and support zones.
"Trading day, April 13th: The global market is indicating a neutral to slightly negative start, with a moderately bullish market nature. It may begin with a neutral sentiment similar to yesterday's structure. If the initial market experiences a sharp pullback, we can expect a continuation of the rally. However, if the pullback occurs slowly and consolidates, it...
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 41550 level then possible upside rally of 400-500 points upto 41950 Level. And this rally can extend for another 400 points if it gives breakout of 42450 level. Any Major downside only expected in case banknifty starts trading below 41450 level & Also Reversal Posiblity in 41550 level.