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Bankniftycalls

Bank Nifty future chart analysis for 15.09.2023As you can see a short squeeze is there and price is standing just above standard deviation one which is a strong support , its lookslike that it is ready boost upside. if it crosses above 46231 then it may easily reach to the level of 46583 and above. Downside it may face strong support at 45970, if it takes support at 45970 then you can see another sideways.. crossing below 45970 will not make price weak,it may take another support at 45870, below 45870 price may get very weak and may reach 45614 easily.
NSE:BANKNIFTY1!
by stoxway
Bank Nifty future chart analysis for 11.09.2023As you can see here price first took resistance at standard deviation two now taking resistance at standard deviation one , if price goes above 45486, you may go long but keep in mind that it may retrace anytime till it do not crosses above 45595, above 45595 it is free to go full target. if price goes below 45178 then it may face two strong support in between 44975, below 44957 price may become much weaker and may reach much downside than target.
NSE:BANKNIFTY1!
by stoxway
Bank Nifty future chart analysis for 05.09.2023As you can see here price is resting over atandard deviation one,which means it has a support just below it as median line and resistance above it as standard devition two.if it takes resistance around 44925, you can witness sideways and if it takes support at 44623 you can witness sideways. if it crosses above 44925 , it can again face strong resistance at 45014 (Red line), crossing above red line price may further move upside strongly and may reach to the level of 45322. if price goes below 44623 then it can face strong support at 44529 (*Purple Line), crossing below purple line price may be very weak and reach to the level of 44288.
NSE:BANKNIFTY1!
by stoxway
BankNifty future chart analysis for 04.09.2023As you can see that banknifty future is in burst situation and price taking resistance near standard deviation two (2), if price again rejects from this level then you can see a little profit booking, not much after that you can see a sideways. But if price croosses over 44777 then burst will continue in a strong manner and price may easily reach to the level of 45213. (Accept Gap up) If price goes below 44481 then it will certainly reach to the level of 44286, 44286 is a strong support you see a good upmove till 44573 from here , crossing below 44286 will make price weaker and it may travel much lower side.
NSE:BANKNIFTY1!
by stoxway
Bank Nifty future chart analysis for 29.08.2023If price goes above above 44639, then price will easily reach to the level of 44825, 44825 is a strong resistance if price takes resistance here you may see a down move till 44500, crossing above 44825 it may go to the level of 44999. If price goes below 44381, then it may reach to the level of 44222. 44222 is strong support price may bounce back to the level of 44500.if price goes below 44222 , then it may easily reach to the level of 44088. Broad area squeeze , if bollinger bursts in this situation you may get a move but not a good move. if price rejects from 44639, you may see a sideways , if price takes support above 44381, you may again witness a sideways,
NSE:BANKNIFTY1!
by stoxway
Bank Nifty future chart analysis for 28.08.2023As you can see here that price closed just below the standard deviation one which is 2nd strong support after median line, if price goes above from here and takes resistance from median line you may see a sideways. if price goes below from here and takes support at 44012 you may again see a sideways. if price goes above 44314 , then you may see a steady upside move and price may continue upside ,don;t try to book only trail. If price goes below 44012 then you may see a strong downside current and price may go much lower side.
NSE:BANKNIFTY1!
by stoxway
Banknifty daily analysis for 25/08/23.Banknifty has given a flat closing after a gap up opening of more than 200 points and unable to close above the 20 ema. On the hourly charts, there was a sell off after the first hour candle and the trend continued and started trading below 200 ema in the second half. Dow Jones is also trading in red. Indian market may also be bearish in short term. The market has closed between both the moving averages on 15 minute charts. Banknifty has given a nice rally and looks stronger than nifty. Support :- 44450, 44310, 44100 Resistance :- 44900, 45080 Market tried to touch 45000 but the seller took market 500 point down from day's high. There are support for market and if the last support level 43580 is breached in the coming week, there are high chance of market carrying a bearish trend. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty future chart analysis for 21.08.2023Do not go long before price crosses over upside standard deviation one, crossing over above 44075, you may again see a beaten down buying situation which may push price further ahead, follow levels. As you can see Banknifty future was closing near Median line from last five trading days , this is the first time it closes below downside standard deviation one (Blue) , after rejecting from upside standard deviation one (Blue) , which is pretty good for nice may be downside move , and you can also see a squeeze in bollinger bands. which may burst tomorrow. If price opens at the same level where it left off and then crosses below the special level (Red Line) then you can enter in PE trade , but keep in mind that 43792 will be a strong support in this situation crossing below 43792, price may go below to the level of 43491.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 16.08.2023As you can see here price took nice rejection from Median Line , so it must go down but here a little twist remains as you can see that bollinger bands are pretty broad, so if price opens near same place where it left off then there is a high chance that it will take support on bollinger bands standard deviation one and may go in a sideways. if price again goes below 44065, then you can again witness a burst and price will achieve all targets downside. in between 43862 is a strong support. If price goes above 44356, then it may easily reach to the level of 44546, 44546 is a super strong resistance price may again go down to the level of 44205, crossing above 44546 may push it towards 44725.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 14-08-2023As you can see here that bollinger bands are in squeeze mode, and price after rejection from median line (Orange), taking support at standard deviation two (Red), if price goes below standard deviation two , you may see a burst in bollinger bands and price will go much lower side achieving all targets given by me. 44624 is a strong resistance if price trying to retrace from here , go short for the target of 44341. if price goes above 44624 then it may easily reach to the level of 44807, and may again retrace back to 44624, crossing above 44807 may push it toward final target.
NSE:BANKNIFTY1!
by stoxway
Banknifty daily analysis for 09/08/23.Banknifty has been trading between 38.2% to 50% fibonacci level and remained volatile whole day. The market is taking serious resistance from 45k level and today also it tried to cross the level and reversed after hitting the resistance zone of 45100 level. On the hourly chart, banknifty remained between both the moving averages and gave dji after doji. Trend is still not decided for the short term and the long term too. This can be a retracement of the major trend or it can be a start of a short term bear market. Sideway market is killing option buyer as both option are losing theta value. On 15 minutes chart, 20 ema gave a nice support to the market and it has been tested constantly. If the market starts trading below it and breached the support levels of 44800, enter bearish trades as there are chance of hitting big targets. Support :-44800, 44625 Resistance :- 45100, 45500 44800-45100 range is a no trading zone as the market is volatile in this range and no clear trend is there between the levels. Option buyers avoid trading between this range but option seller can create short strangle. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Bank Nifty future chart analysis for 07-08-2023As you can see here that price closed just above standard deviation one and above median line , in between strong resistance and strong support high chance that price may go in a broader sideways. But if price crosses above 45097 than you may see a good upmove till 45283, 45283 is a strong resistance , if price retraces from here than it can again reach to the level of 44851, crossing above 45283 may push price much higher. If price breaks again median line means 44851 than it may reach much lowerside and may achieve both the targets very easily.
NSE:BANKNIFTY1!
by stoxway
Banknifty weekly analysis for 07/08/23.Banknifty in the last week has traded below the previous swing low and is taking resistance from 50% fibonacci levels. It has closed 590 points lower on the weekly charts. The market gave a nice fall in 2 trading session and in the last trading session tried to sustain above 45k level but couldn't. The market on the daily charts, is giving doji after doji and has closed around 44900 levels. Banknifty tried to sustain near the new high but seller overtook the buyer and brought market to test 44300 levels losing 1100 point in just two tradin session. On the daily chart, market had started trading below the 20 ema and has closed below it too. It has started forming lower low lower high formation and chance of testing lower levels is high. Market cycle is of sell on rise for the short term. Banknifty formed a nice bearish flag patter before and gave nice targets. On the hourly charts, market has formed a bearish moving averages cross over and has closed below both the moving averages. Support :- 44620, 44310 Resistance :- 45080, 45500 The lower low lower high formation can be followed by the market in the coming week. Watch to sell the market on high with confirmation. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty future chart analysis for 04.08.2023As you saw that price did not took support at median line and also broke standard deviation 1, if price goes below cuurent low you may see another burst in bollinger band . burst within burst in same side will pull down price to deep lower side. if price goes below 44597 , then you can see a good down move till 44179, but one special support level you have to keep in your the level 44473, price may take sudden bounce from here. Above -44893 , you may see new long positions and bitten down buying , which may later again fall. 45069strong resistance area above it price will achieve its full target.
NSE:BANKNIFTY1!
by stoxway
Banknifty daily analysis for 04/08/23.Banknifty in 2 days have lost more than 1000 points and today has given a doji candle after testing 44300 levels. On the hourly charts, a bearish moving averages cross over has been formed. Banknifty has given a nice fall and can take halt for a day before giving a fall. Market now after 1000 points fall may take a halt or retest before another fall. On 15 minutes chart, there was a serious rejection from 20 ema and gave 600 point move after getting resistance from the levels. It has closed near the 20 ema. Support :- 44270, 43960 Resistance :- 44750, 45090 Today being a weekly expiry market reversed from 44300 levels and gave a up move of 230 points. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty future chart analysis for 01-08-2023Travelling above 45969, it may easily reach to its full target of 46213, in between 46076 is super strong resistance. Semi burst bollinger band , 45785 is an important level , if price remains above it and crosses standard deviation 2 , then you can take it as full fledge burst of bollinger band, and it may go much higher along side standard deviation3. if price goes below 45785, then there will be very little chance to take support on Median line it may go down to 45464, in between 45588 is a strong support.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 31.07.2023Lookslike a sideways, squeeze in bollinger band.it may take long time to burst, may be in last one hour of monday or in tuesday. Whenever market closes near median line, it remains sideway first half of the day in next trading day. and then it gives nice moves to bursted side. gap up and gap down not considered. if price goes above 45807, after breaking sideways or after spending some times below 45807, then it will reach 46010, 46010 is a super strong resistance zone price may retrace from here to reach again median line.if price crosses above 46010 then it will easily achieve 46209. if price goes below 45524 after breaking sideways then or after spending some time over 45524 then it cas esily reach to the level of 45141.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 25.07.2023You may see a good bollinger burst today. as you are seeing here that its taking resistance at median line and price also made a symytrical triangle, whichever side its break will give you good move, more powerful move in downside. If price moves above 46080 then it may resistance at 46214 , crossing 46214 will be very bullish and price can go beyond full target. If price moves below 45864 then you can see a strong downmove and price will reach 45579, 45725 is also a good support.
NSE:BANKNIFTY1!
by stoxway