Bank Nifty future chart analysis for 09.05.2023Follow levels and trade , use proper sl, do not trade without sl.
Bankniftycalls
Banknifty Future for 08.05.2023Banknifty levels , trade properly , and follow levels , maintain sl properly.
Banknifty Future for 27.04.2023Understanding the levels according to the trends and legs formed.
trade with strict SL as tomorrow is Monthly expiry , only DIP ITM must be consider.
Banknifty Future for 19.04.2023follow level and sl properly , high chance that iw will open near the area where it left off.
Banknifty future for 29.03.2023follow levels and zones , if retraces from any resistance zone try to short and follow line directions.
#BANKNIFTY - 20/03/23 MARKET VIEWAfter analyzing the BANKNIFTY chart on the 15-minute time frame, it appears that there is a noticeable bearish sentiment in the market. This is indicated by the current dominance of sellers, which suggests a potential downtrend in the short term.
As such, it may be wise to consider a short entry position at 39190. This would involve selling BANKNIFTY at the current price with the expectation that it will decrease in value, resulting in a profit.
To manage risk, a stop loss order can be placed at 39460. This will automatically trigger a sell order if BANKNIFTY rises above this level, helping to limit potential losses.
The target for this short position is set at 38760, which represents the expected price level for BANKNIFTY to reach as it moves lower. Once this target is reached, the short position can be closed out to realize a profit.
Overall, based on the current market conditions, taking a short position in BANKNIFTY at 39190 with a target of 38760 and a stop loss at 39460 may present a potential trading opportunity. However, as with all investments, it is important to carefully consider the risks and conduct thorough research before making any trading decisions.
#BANKNIFTY - 20/03/23 MARKET VIEWOn Friday, the 17th of March 2023, the BANKNIFTY showed a strong close, indicating positive market sentiment and bullish momentum.
To capitalize on this momentum, traders can consider taking a long position with a target of 40800 and a stoploss at 38900. The support levels for the index are currently at 39500-39700 range, which suggests that the index has strong footing and is likely to move higher.
To reduce risk while maximizing returns, traders may consider purchasing a monthly expiry Call Option, such as the BANKNIFTY 29 MAR 40000CE. This option will allow traders to take a long position on the index at a predetermined strike price of 40000. By adhering to the given targets and stoploss, traders can minimize potential losses while capturing potential gains from the upward momentum.
Disclaimer: It is important to note that trading in the stock market involves risk and requires a thorough understanding of market dynamics, technical analysis, and risk management. As such, traders should always exercise caution and conduct their own research before making any investment decisions.
Banknifty spot chart Analysis for 20.02.2023Banknifty standing just below a strong resistance zone of 41062 to 41256.
if banknifty crosses above 41256 then it may also cross above 41421 and may reach to the level of 41579.
between 41579 to 41733 is also an extremely strong resistance zone .
If Bank Nifty crosses over 41733 then it may reach to the level of 41887.
if banknifty crosses down below 41062 then it may also cross 40878 and may reach to the level of 40717.
if banknifty crosses down below 40717 then it may also cross 40564 and will reach to the level of 40442.
If banknifty crosses down 40442 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 42041 tomorrow and reach higher levels.
Banknifty Future for 07.202023Red line - sell below line
Green line - Buy above line
Black line Targets.
Shooting Star from the same strong resistance zone , it means
banknifty closed today taking downside pressure.
if nifty crosses downside you may see a good selling pressure in BN.
But if nifty broke upside you not not see good clean upmove in BN.
Banknifty spot chart Analysis for 30.01.2023Banknifty is standing just above a good support of 40276.
if banknifty moves up from here then it may reach to the level of 40442.
between 40442 to 40562 is an extremely strong resistance
zone , banknifty may go down from here.
if Banknifty crosses over 40564 the it may easily cross 40717 and may reach to the level of 40878.
if banknifty crosses over 40878 then it may reach to the level of 41062.
if banknifty crosses down 40276 than it may take support on 40120.
if banknifty crosses down 40120 then it may also cross 39954 and may
take support on 39798, 39798 is an extremely good support it may take
a good up move from here.
if banknifty crosses down 39798 the it may take bounce back from bounce back zone.
IT IS HIGHLY UNLIKELY THAT BANKNIFTY WILL CROSS 41062. AND REACH THE
HIGHER LEVELS TOMORROW.....
Banknifty spot chart Analysis for 16.01.2023Banknifty standing just above a strong support of 42349.
if banknifty moves above 42349 then it may reach 42508 .
between 42508 to 42671 is also an extremely strong resistance zone .
If Bank Nifty crosses over 42671 then it may also cross 42814 and may reach to the level of 42966.
if banknifty moves down below where it left off then it may also cross 42191 and may reach to the level of 42041.
if banknifty crosses below 42041 then it may also cross 41887 and may reach to the level of 41733.
If banknifty crosses down 41733 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 43113 tomorrow and reach higher levels.
Banknifty spot chart Analysis for 09.01.2023Banknifty standing just below a strong resistance zone of 42191 to 42349.
if banknifty crosses above 42349 then it may also cross 42508 and may reach to the level of 42671.
between 42671 to 42814 is also an extremely strong resistance zone .
If Bank Nifty crosses over 42814 then it may reach 42966.
if banknifty moves down below 42041 then it may take support on 41887.
if banknifty crosses below 41887 then it may also cross 41733 and may reach to the level of 41579.
If banknifty crosses down 41579 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 42966 tomorrow and reach higher levels.
Banknifty spot chart Analysis for 02.01.2023Banknifty standing just above a strong support of 42966.
if banknifty crosses above 43113 then it may also cross 43266 and may reach to the level of 43418.
between 43266 to 43418 is also an extremely strong resistance zone .
If Bank Nifty crosses over 43418 then it may also cross 43571 and may reach to the level of 43713.
if banknifty crosses down below 42966 then it may also cross 42814 and may reach to the level of 42671.
if banknifty crosses below 42671 then it may also cross 42508 and may reach to the level of 42349.
If banknifty crosses down 42349 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 43713 tomorrow and reach higher levels.
Banknifty spot chart Analysis for 29.12.2022Banknifty standing inside a strong resistance zone of 42814 to 42966.
if banknifty crosses above 42966 then it may also cross 43313 and may reach to the level of 43266.
between 43266 to 43418 is also an extremely strong resistance zone .
If Bank Nifty crosses over 43418 then it may also cross 43571 and may reach to the level of 43713.
if banknifty crosses down below 42814 then it may also cross 42671 and may reach to the level of 42508.
if banknifty crosses below 42508 then it may also cross 42349 and may reach to the level of 42191.
If banknifty crosses down 42191 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 43713 tomorrow and reach higher levels.
Banknifty spot chart Analysis for 26.12.2022Banknifty standing just below a strong resistance zone of 41733 to 41887.
if banknifty crosses above 41887 then it may also cross 42041 and may reach to the level of 42191
between 42191 to 42349 is also an extremely strong resistance zone .
If Bank Nifty crosses over 42349 then it may reach 42508.
if banknifty moves down below 41579 then it may also cross 41416 and may reach to the level of 41256.
if banknifty crosses below 41256 then it may reach to the level of 41062.
If banknifty crosses down 41062 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 42508 tomorrow and reach higher levels.
Banknifty spot chart Analysis for 22.12.2022Banknifty standing just below a strong resistance of 42671.
if banknifty crosses above 42671 then it may also cross 42814 and may reach to the level of 42966.
between 42966 to 43113 is also an extremely strong resistance zone .
If Bank Nifty crosses over 43113 then it may also cross 43266 and may reach to the level of 43418.
if banknifty moves down below where it left off then it may also cross 42508 and may reach to the level of 42349.
if banknifty crosses below 42349 then it may also cross 42191 and may reach to the level of 42041.
If banknifty crosses down 42041 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 43418 tomorrow and reach higher levels.
Banknifty spot chart Analysis for 19.12.2022Banknifty standing below a strong resistance zone of 43266 to 43418.
if banknifty crosses above 43418 then it may also cross 43571 and may reach to the level of 43713.
between 43713 to 43876 is also an extremely strong resistance zone .
If Bank Nifty crosses over 43876 then it may also cross 44034 and may reach to the level of 44187.
if banknifty crosses down below 43113 then it may also cross 42966 and may reach to the level of 42814.
if banknifty crosses below 42814 then it may also cross 42671 and may reach to the level of 42508.
If banknifty crosses down 42508 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 44034 tomorrow and reach higher levels.
Banknifty spot chart Analysis for 13.12.2022Banknifty standing just below a strong resistance zone of 43713 to 43876.
if banknifty crosses above 43876 then it may also cross 44034 and may reach to the level of 44187.
between 44187 to 44323 is also an extremely strong resistance zone .
If Bank Nifty crosses over 44323 then it may also cross 44481 and may reach to the level of 44644.
if banknifty moves down below where it left off then it may also cross 43571 and may reach to the level of 43418.
if banknifty crosses below 43418 then it may also cross 43226 and may reach to the level of 43113.
If banknifty crosses down 43113 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 44481 tomorrow and reach higher levels.
Banknifty spot chart Analysis for 01.12.2022Banknifty standing below a strong resistance zone of 43266 to 43418.
if banknifty crosses above 43418 then it may also cross 43571 and may reach to the level of 43713.
between 43713 to 43876 is also an extremely strong resistance zone .
If Bank Nifty crosses over 43876 then it may also cross 44034 and may reach to the level of 44187.
if banknifty crosses down below 43113 then it may also cross 42966 and may reach to the level of 42814.
if banknifty crosses below 42814 then it may also cross 42671 and may reach to the level of 42508.
If banknifty crosses down 42508 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 44034 tomorrow and reach higher levels.
Banknifty spot chart Analysis for 28.11.2022Banknifty standing just above a strong support of 42966.
if banknifty crosses above 43113 then it may also cross 43266 and may reach to the level of 43418.
between 43266 to 43418 is also an extremely strong resistance zone .
If Bank Nifty crosses over 43418 then it may also cross 43571 and may reach to the level of 43713.
if banknifty crosses down below 42966 then it may also cross 42814 and may reach to the level of 42671.
if banknifty crosses below 42671 then it may also cross 42508 and may reach to the level of 42349.
If banknifty crosses down 42349 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 43713 tomorrow and reach higher levels.
Banknifty spot chart Analysis for 22.11.2022Banknifty standing just below a strong resistance of 42349.
if banknifty crosses above 42349 then it may reach 42508 .
between 42508 to 42671 is also an extremely strong resistance zone .
If Bank Nifty crosses over 42671 then it may also cross 42814 and may reach to the level of 42966.
if banknifty moves down below where it left off then it may also cross 42191 and may reach to the level of 42041.
if banknifty crosses below 42041 then it may also cross 41887 and may reach to the level of 41733.
If banknifty crosses down 41733 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 43113 tomorrow and reach higher levels.
Banknifty spot chart Analysis for 21.11.2022Banknifty standing just below a strong resistance zone of 42508 to 42671.
if banknifty crosses above 42671 then it may also cross 42814 and may reach to the level of 42966.
between 42966 to 43113 is also an extremely strong resistance zone .
If Bank Nifty crosses over 43113 then it may reach 43266.
if banknifty moves down below 42349 then it may take support on 42191.
if banknifty crosses below 42199 then it may also cross 42041 and may reach to the level of 41887.
If banknifty crosses down 41887 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 42966 tomorrow and reach higher levels.
