If you observe the chart above, it clearly indicates that it's forming higher highs and higher lows. A few days ago, on January 17th, 2024, there was a significant gap down below the resistance level of 47520. Many times it attempted to break this resistance level, but today it finally broke through with a strong bullish candle. Therefore, we can confidently say...
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
Please find our analysis for Banknifty for next week.
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
BANKNIFTY is bullish according to me. So, i prefer buy on dip on the basis to the marked levels and trendline support.
Bank Nifty Levels Above - 40839-882, 41113-226, 41639-662, 41934-979, 42234-295 Bank Nifty Levels Below - 40392-329, 40183, 39914, 39724-662, 39275-346, 38941-39019, 38613-666
Levels Above - 39429-499, 39752, 40109-201, 40450-516 Levels Below - 38941-39019, 38666-613, 38385-309, 37967, 37825, 37551-386 Sorry for not posting levels last week as i was busy with Indian Options Conclave 4.0, held in my city SURAT, Gujarat Best of Luck for Monthly Expiry
Zones and Levels Above - 40839-882, 41113-41226, 41639-662 Zones & Levels Below - 40224-330, 39745-800, 39600, 39419-514
Zones Above - 41459-530, 41693-735, 41934-979 Zones Below - 41121-162, 40872-946, 40605-692, 40224-330, 39745-800, 39601
Zones Above - 41442-21, 41768-798, 41934-979 Zones Below - 40842-901, 40640, 40181-40065, 3914-419
Zones Above - 40648, 40978-41076, 41417, 41656-700 Zones Below - 39973-40169, 39146-247, 38838-856, 38437-467
Zones Above - 43026-137, 43510-614, 43807-887 Zones Below - 42649, 42514-471, 42286-234, 41964-861
Bank Nifty seems to be bullish if it breaks the above trend line and sustains for few hours of a day at least Zones Above - 43019-137, 43510-614, 43807-887 Zones Below - 42637-695, 42286-234, 41964-861
Both indexes seem to ready for up move if the above trendline breaks and price sustains above it for few hours or a day at least
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