As we discussed the live market Banknifty analysis, after that, it showed a huge fall. If we look at the chart now: The market is trading at the 200 EMA, which is likely a very good support point. Also, it gave a nice pullback with good volume in the last 15 min. Also, the market is trading at the 0.23 fib level, which is not likely to provide support...
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Bank Nifty is stopping Nifty's run, once the banks start supporting the uptrend all together again, bank nifty will make new Highs Zones & Levels Above - 44070-083, 44212-248, 44443-498, 44696, 44945 Zones & Levels Below - 43685-740, 43347-404, 42822-916, 42582-668, 42269-334
Bank Nifty is Ultra Bullish and will cross All Time High very soon Levels & Zones Above - 44112-145, 44521, 44696, 44945, 45369 Levels & Zones Below - 43725-774, 43289-352, 42822-916, 42582-668, 42269-334
Intraday Analysis for The week following 22nd May 2023 Levels & Zones Above - 44095-44145, 44521, 44696, 449455 Levels & Zones Below - 43725-774, 43289-352, 42822-916, 42582-668, 42269-334, 41933-961
Banknifty is yet bullish, trade accordingly, till we get a reversal confirmation Levels Above - 43829-905, 44079-44151, 44521, 44696, 44945 Levels Below - 43829-352, 42822-916, 42582-668, 42334-269, 41962-990
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
Zones Above - 43026-137, 43510-614, 43807-887 Zones Below - 42649, 42514-471, 42286-234, 41964-861
Bank Nifty is trading in the range of 43600 to 41600 since 28 days and wil remain volatile till it remains here, it is trading in a triangle & range is getting compressed continuously, breaking of which will give a strong move in either direction Zones Above - 42637-695, 43019-43017, 43510-614 Zones Below - 42234-286, 41861-964, 41569-697, 41320-363, 41051-123
Have you observed how bank nifty respected the magical level of 42272.90 today, it has been respecting it continuously either as support or resistance. Bank Nifty will remain equally volatile & undecisive till it is between the range of 43578-41597 Levels Above - 42637-695, 43019-137, 43510-614 Levels Below - 42272, 41861-964, 41596-697, 41320-363, 41051-223
Bank Nifty is in Sideways to Volatile trend till it remains in the range of 41500-43500 Zones Above - 42453-408, 42695-637, 43019-137, 43510-614 Zones Below - 42273, 42128-156, 41956-42011, 41697-569, 41363-320, 41123-051
Bank Nifty may react to US sentiments on 4th initially buy over all it is in a bullish mode Levels Below - 43041-103, 43853-894, 42449-488 Levels Above - 43438-474, 43573-614, 43807-887
Bank nifty is side ways as of now If it crosses 43304-43372 levels next resistance is 43573-614, 43807-887 Resistances below are 43086-42971, 42894-853, 42488-449
Bank Nifty lost its steam of bullishness as of now, it is in a range where bias is undecided only if it breaks and closes below 42222 on Daily closing basis it will get Bearish & if it breaks and closes above 441555 on Daily closing basis it will get Bullish in between the above 2 levels it will keep giving Goosebumps, hence avoid heavy positions till then.
Banknifty had a good recovery today and is ready for a good upmove tomorrow as daily candle is nearly a bullish hammer and 125 minutes has morning star formataion. if it crosses 431000 then next big resistances are 43600 and 44100
Bank Nifty has shown a very huge short recovery today, i have drawn accurate levels and zones, kindly trade for the lowest risk and highest reward on my shown zones.