Bankniftyintraday
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.
Bank nifty intraday levels for 14.12.2022Resistance level:43983.30
Support level : 43864.95
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
Bank nifty intraday levels for 13.12.2022Resistance level:43775.80
Support level : 43601.20
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
Banknifty Demand and Supply For 9th December 2022For Banknifty demand and supply zones are marked. If market rejects at demand zone , then a high probability buy trade can be initiated, rather in case of supply zone a sell trade. You must have a good candlestick knowledge in order
to utilize the zones at the best. You can even learn it from us. don't forget to look for PriceActionMonk.
Banknifty Possible Trade in Option Day Trading Banknifty Confirm Targets For Expiry
Down Side Targets For Banknifty
First Support Zone For BankNifty – 42912 - 42927
Second Support Zone For BankNifty – 42770 - 42785
Third Support Zone For Banknifty - 42603 - 42633
Up Side Banknifty Targets
First Resistance Zone For BankNifty – 43120 - 43100
Second Resistance Zone For BankNifty - 43292 - 43272
Third Resistance Zone For BankNifty - 43410 - 43390
Importent Signal for Banknifty by Option Chain
Max Pain As per Option Chain Analysis – 43100
PCR ratio as per Option Chain Analysis – 0.70 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 42900 /43100
Major Resistance as Per Banknifty Open Interest Analysis – 43300/ 43500
Bank nifty intraday levels for 06.12.2022Resistance level:43515
Support level : 43120.25
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
bank nifty intraday levels 05.12.2022Resistance level: 43245.80
Support level : 42950.25
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
Bank nifty Intraday levels for 29.11.2022Resistance level: 43210
Support level : 42944
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
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.
Bank nifty intraday levels for 28.11.2022Resistance level: 43065.25
Support level : 42918.30
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for better understanding & how it works
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research