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Bankniftyfutureanalysis

Will B.N beat daily resistance or fall more? Bank Nifty AnalysisRecap : Mentioned already on yesterday analysis that Bears have started dominating bulls you can read that in link below. Morining Just started with bearish candle at 9.15 closed below previous day low following with long legged doji candle and once that doji low broken at 9.45 Am it got confirmed that bears are ready to dominate Later on bounced from daily support to days open again a good oppurtunity for buyers to cover loss or capture profit! Post Analysis for Next Day : Now Boundaries are clearly defined for Bank nifty to trade with todays 'v' shaped recovery. Next session may be wide range day. Range boundaries from 47300 to 46300. Bulls above 47300 or bears below 46300. We can wait till breaks from any one side or we can enjoy the range rides! Currently bank nifty inching closer to daily resistance and falling trendline which again can be breakout or fall. Already bulls failed twice to break but more it tries to break makes resistance weak. Also avoid fakeout and enter only on confirmation or retest. Watch the opening clearly any weak candle pattern in trend will lead bears to dominate again till support. looks like may open with gap Resistance : 47100,47300 Support : 46600,46300, Note : do your own analysis before making any trade decesions.
NSE:BANKNIFTY
by Price_actiontaker14
Banknifty weekly analysis for 23/10/23.Banknifty has crossed the previous week low and closed losing 560 points lower on the weekly charts. It has closed below the 20 ema of weekly charts which signifies some negativity in the market. The market now has a support level around 43400 as it has started trading below the previous low formed by banknifty. On the daily charts, the market has form an inside candle and closed between both the moving averages. This weekly expiry on thursday can be a trending one as it is the monthly expiry. It is trading around the low and if the low is broken there are high chances of a short term bearish move in the market. It has been facing resistance from the 20 ema, on hourly charts, and has closed between both the moving averages. In the last trading session the market has consolidated in a squeezed range. There was a nice resistance from 43800 levels which gives a high conviction in the market coming for a selling. Support :- 43580, 43420 Resistance :- 43980-44000, 44300 Banknifty has given a nice fall this week and there are high chance of a trending market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty daily analysis for 22/08/23.Banknifty opened gap up and retested the trendline. The market has closed 150 points higher and remained in a upmove during the first half of the trading session. It has formed a perfect doji on the daily charts but is still not showing some conviction of holding higher levels. On the hourly charts, market gave a nice upmove and took resistance around 44100 levels and there was a sell off from the exact same levels. Banknifty has closed around the 20 ema and looks as it is taking some kind of a support from the level. In the second half of the session market slowly lost points and closed around the round figure number of 44000. On 15 minutes time frame, the market looked jittery as there was not a steady up or down move in the market. Market is still in a confusion state. Support :- 43930, 43740 Resistance :- 44090, 44320 Market test the resistance zone of 44100 levels many time and tomorrow if there is a break out chance of a nice trending market can be seen. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty daily analysis for 11/08/23.Banknifty from the first hour was looking weak and whole day traded lower than nifty. It has given a red candle and closed 340 points lower forming a doji. Still banknifty respected the previous swing but has started closing below previous day closing range. This week till now has given more of losses as there is no clear trend in the market. In the second half, traders were looking for a expiry trade but it kept on hitting Stop losses and formed doji after doji on hourly charts. The market has closed below both the moving averages on hourly charts and took rejection from 200 ema previous. Today it tried too sustain the 20 ema but 10:15 AM candle gave a break out of the levels and single candle closed 370 points lower. Banknifty is looking negative and nifty is otherwise. It would be good to just avoid a day or two for trading as there is no clarity of where the market will be heading. On 15 minute charts, there was a up and down candle one after the other and closing hour was horrible to trade as option premium due to time decay couldn't not give expected targets. It constantly struggled to cross the 20 ema and has closed below both the moving averages. Support :- 44500, 44310 Resistance :- 44710, 44900 Banknifty constantly tested 44600 levels and closed near 44540 levels. If there is a gap up opening, enter bullish trade only once 44700 levels are crossed. Market has created resistance and supports nearby and can react to any of the levels. Take small profits out of the market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty daily analysis for 08/08/23.Banknifty today was too volatile and closed almost flat to negative losing 42 points. It has been trading below the 20 ema and today also it closed below the levels while nifty has closed above its 20 ema. Both the indices were range bound and traded in opposite direction. Even after a gap up opening banknifty couldn't keep the gain. On the hourly charts, dojis were formed and it tried to cross 45k levels but took rejection from the levels and closed around 44800 levels. Market traded around the 20 ema and has closed below both the movinga averages. It remained in a 250 points range which is good as the breakout will be good after consolidation. Support :-44800, 44625 Resistance :- 45000, 45100, 45500 Upper Long wick rejection can be in hourly charts and a constant rejection from 20 ema seems that market can test lows. Scalp trades can be done in this market as intraday trades can fetch loses due to the volatility market is creating. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
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 Mambotrade
Banknifty daily analysis for 07/07/23.Banknifty on the daily time frame has consolidated in a range for 2-3 days and was volatile in the second half of the trading session. The market has given a bullish candle at the closing and closed 190 points higher. On hourly charts, market opened below the 20 ema but reversed and started trading above it. Even on 15 minute time frame, the market closed above the 20 ema and took support fromt the levels. Support :- 45020, 44780 Resistance :- 45360 Being the expiry there was not a trend move on the either side. Market is wait for another big move as it is consolidating. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty daily analysis for 16/06/23.Bank nifty pulled the nifty too in the second half of the session. The market has closed 500+ points lower after a consolidation. The market has closed around the support zone of 43400-450. The market can continue the fall or can retest before another leg. On the hourly chart, market has closed below both the moving averages and the fall started from the first hour even after a gap up opening. There can be bearish moving averages crossover. Support :- 43100-115, 42820 Resistance :- 43800, 43950 Market in the range of 43450-43800 can reverse from the fibonnaci levels else there no resistance on the upper side. Wait for the price action near the levels before entering the levels.
NSE:BANKNIFTY
by Mambotrade
BankNifty Future Analysis for Today 6th June 2023BankNifty Future Analysis for Today 6th June 2023 As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels today, kindly check the charts on 15 min time frame and act accordingly. #IntradayLevels Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act. Follow Us For More #Updates in Future #BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades #15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
NSE:BANKNIFTY1!
by MarkitVUE
BANKNIFTY FUTURE INTRADAY LEVELS FOR TOMORROW 11TH APRIL 2023#BankNifty Future Analysis for #Today 11th April 2023 As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly. Previous Close: 40978 #IntradayLevels #Bulls can be active above: 41000 For the Levels Above 41060/41127/41214 #Bears can be active below: 40944 For the Levels Below 40872/40782/40715 Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act. Follow Us For More #Updates in Future
NSE:BANKNIFTY1!
by MarkitVUE
BANKNIFTY FUTURE INTRADAY LEVELS FOR TOMORROW 3RD APRIL 2023#BankNifty Future Analysis for #Tomorrow 3rd April 2023 As per our #analysis for #BankNiftyFuture, we are expecting these below mentioned Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly. Previous Close (ZERO LINE) : 40833 # BankNifty Bulls can get active above 40917 For the #IntradayLevels towards 41062/41173/41277/41356 # BankNifty Bears can get active below 40761 For the #IntradayLevels towards 40657/40553/40440/40331 Disclaimer : All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act. Follow Us For More #Updates in Future
NSE:BANKNIFTY1!
by MarkitVUE
1
BANKNIFTY FUTURE INTRADAY LEVELS FOR TOMORROW 31st MARCH 2023#BankNifty Future Analysis for #Tomorrow 31st March 2023 As per our #analysis for #BankNiftyFuture, we are expecting these below mentioned Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly. Previous Close (ZERO LINE) : 39913 #BankNifty Bulls can get active above 39984 For the #IntradayLevels towards 40100/40203/40316 #BankNifty Bears can get active below 39844 For the #IntradayLevels towards 39779/39676/39528 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Bank Nifty has formed a parallel channel on 15min timeframe and we are expecting that tomorrow market will be rangebound due to Friday and the rang would be between 39750 to 40150 for whole day. This is just our expectations, rest we will see market movements in the live market ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Disclaimer : All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act. Follow Us For More #Updates in Future
NSE:BANKNIFTY1!
by MarkitVUE
BANKNIFTY FUTURE INTRADAY LEVELS FOR TOMORROW 29th MARCH 2023#BankNifty Future Analysis for #Tomorrow 29th March 2023 As per our #analysis for #BankNiftyFuture, we are expecting these below mentioned Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly. Previous Close: 39588.85 #BankNifty Bulls can get active above 39671 For the #IntradayLevels towards 39787/39865/39952 #BankNifty Bears can get active below 39535 For the #IntradayLevels towards 39465/39389/29282 Disclaimer : All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act. Follow Us For More #Updates in Future Dear followers, If you like the idea, analysis over the charts, please support for the motivation, we can analyze more charts of different different instrument's i.e. Nifty, FinNifty, MCX and More, Just Click on the Boost Button so that Idea can reach out to maximum users over the TradingView.
NSE:BANKNIFTY1!
by MarkitVUE
BANKNIFTY INTRADAY LEVELS FOR TOMORROW 23RD MARCH 2023# BankNifty Future Analysis for #Tomorrow 23rd March 2023 As per our #analysis for #BankNiftyFuture, we are expecting these below Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly. Previous Close : 40119.30 #IntradayLevels #Buyers can be active above : 40179 TGT 1 : 40261| TGT 2 : 40379 | TGT 3: 40494 #Sellers can be active below : 40048 TGT 1 : 39974 | TGT 2 : 39872 | TGT 3 : 39761 Disclaimer : All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act. Follow Us For More #Updates in Future
NSE:BANKNIFTY1!
by MarkitVUE