Get started

Bankniftyintradaytradesetup

Bank Nifty Prediction Tomorrow and Weekly Update 📈 Bank Nifty Weekly View (Post Indo-Pak Tension Relief) Now that the war-like tension between India and Pakistan has de-escalated, market sentiment seems to be stabilizing — and this could reflect in Bank Nifty’s movement as well. Key Levels to Watch: Support: 53594.90 If this level holds, there’s a strong possibility of upward momentum. Resistance: 54268.85 This would be the immediate target if a bullish breakout occurs. Pending Demand Zone: 52441.25 Keep in mind, this is a major demand zone that still hasn’t been tested. If weakness returns, a correction toward this level is possible. 🧭 Possible Scenarios: 🔻 Gap-Down Opening (Low Probability): Since geopolitical tensions have eased, chances of a gap-down opening are low. But if it happens, the market may remain range-bound throughout the day. 🔺 Gap-Up Opening (High Probability): If the market opens with a gap-up on the back of positive cues, we could see a strong upward move toward 54268.85.
NSE:BANKNIFTY
by Anonymous_2035
BANKNIFTY - Trading Levels and Plan for 22-Apr-2025📅 Bank Nifty Intraday Trading Plan – 22-Apr-2025 Timeframe: 15-min CMP (Close on 21-Apr): 55,295.50 🔴 Opening Scenario 1: Gap-Up Opening (Above 55,735 – 200+ Points) A strong gap-up opening above the Profit Booking Zone (55,735) suggests bullish sentiment. However, buyers should remain cautious as this area is ripe for profit booking or short traps. Wait for a 15-min candle to sustain above 55,735 to confirm strength. If sustained, potential target is the next psychological resistance near 56,296. Avoid chasing the gap-up blindly; best R:R trades come on slight dips toward 55,735–55,600 with stop loss below 55,517 (Opening Resistance). 💡 Tip: In case of an intraday rejection at 55,735, traders can look for put options with tight stop loss for a quick scalp back toward 55,517 or even 55,295.       🟡 Opening Scenario 2: Flat Opening (Within 55,100 – 55,517 zone) A flat start keeps the market within a neutral consolidation zone. This gives flexibility for both bulls and bears to dominate based on early price action. Watch initial 30 minutes. If price holds above 55,517 and breaks above with volume, it could attempt to revisit 55,735. Failure to cross 55,517 convincingly may push price back to 55,058 and possibly to the support zone near 54,885. Inside this zone, prefer quick scalps based on price structure with proper SL and confirmation from volume. 💡 Tip: This is a good zone for deploying straddle or strangle strategies on options with a view to capture a breakout in either direction post-consolidation.       🔵 Opening Scenario 3: Gap-Down Opening (Below 55,100 – 200+ Points) A gap-down below the Opening Support zone (55,058–54,885) may trigger panic among recent long positions. Wait for price to test and react from 54,885. If there's a bounce, go long with SL below the day’s low. If the zone is breached convincingly, sellers can gain momentum targeting 54,600 and even 54,400 in extension. Avoid shorting the gap-down directly. Allow price to retest the breakdown or consolidate for clean entry. 💡 Tip: If sentiment is weak and volume increases, look for Bear Put Spread to limit risk while gaining from potential downside.       📘 Options Trading Risk Management Tips Never average a losing options position. Time decay works against you. Use spread strategies to reduce premium cost and risk in volatile zones. Maintain a daily loss limit (e.g., 1.5–2% of capital) and stop trading once it's hit. Avoid holding OTM options post 2:30 PM unless a breakout has just confirmed.       📌 Summary & Conclusion ✅ Key Levels to Watch: Resistance: 55,517 🟥 | 55,735 🟥 | 56,296 🟥 Support: 55,058 🟧 | 54,885 🟧 🎯 Whether it's a breakout or breakdown, wait for confirmation via price and volume. Focus on areas of high interest (highlighted zones) for clean setups. Always enter with a defined stop loss and manage risk, especially in options. 📚 Stay patient and trade with structure, not emotion. Don't chase price — let the trade come to you. ⚠️ Disclaimer: I am not a SEBI-registered analyst . All views are shared for educational purposes only. Please consult with your financial advisor before taking any trades.
NSE:BANKNIFTYShort
by LiveTradingBox
Bank Nifty Monthly Analysis: Key Support & Resistance LevelsFrom the monthly price action perspective, Bank Nifty has taken strong support at the 48,378.40 level. After the recent gap-down, the market has shown a good upward move. However, we are facing resistance at the 51,519.40 level. If there's any rejection from that level, the market might again take support around the 48,300 level. This is just an idea for educational purposes. Please do not consider this as any kind of financial advice. It is solely meant for knowledge purposes. Thank you.
NSE:BANKNIFTY
by Anonymous_2035
BANKNIFTY : Trading levels and plan for 04-Apr-2025📌 BANK NIFTY Trading Plan – 04-Apr-2025 📊 Market Overview: Bank Nifty closed at 51,581.55, showing a steady recovery but still facing resistance from a downward trendline. The opening resistance (51,781) and opening support (51,402 – 51,202) will be crucial in determining the trend for the day. To navigate this session effectively, we will analyze all potential market opening scenarios and provide an actionable trading strategy. 🔼 Scenario 1: Gap-Up Opening (200+ points above 51,781) A gap-up above 51,781 signals bullish momentum, but strength near 52,132 – 52,251 (last intraday resistance zone) will determine if the rally continues. ✅ Plan of Action: If Bank Nifty sustains above 51,781, expect a move towards 52,132 → 52,251. A breakout above 52,251 could trigger further buying towards 52,500. If Bank Nifty faces rejection at 52,132 – 52,251, expect a pullback towards 51,781, where it may either bounce or break down. Avoid aggressive long positions near 52,251 unless a strong breakout with volume occurs. 🎯 Pro Tip: If the gap-up struggles to hold 51,781 in the first 15 minutes, profit booking may follow, leading to consolidation or a dip. ⚖ Scenario 2: Flat Opening (Within ±200 points, around 51,581) A flat opening suggests indecision, where price action around the opening support (51,402 – 51,202) and resistance (51,781) will set the trend. ✅ Plan of Action: Upside case: If Bank Nifty sustains above 51,781, expect a test of 52,132 – 52,251. Downside case: If Bank Nifty slips below 51,402, it could test 51,202 (last intraday support), followed by 50,942 if selling intensifies. No Trade Zone: Avoid trading inside 51,402 – 51,781 unless a strong breakout or breakdown occurs. 🎯 Pro Tip: Wait for a strong 15-minute candle close outside the range before initiating a trade to avoid false breakouts. 🔽 Scenario 3: Gap-Down Opening (200+ points below 51,202) A gap-down below 51,202 indicates bearish sentiment, with key support at 50,942 being the last buyer’s zone. ✅ Plan of Action: If Bank Nifty sustains below 51,202, expect a decline towards 50,942. A breakdown below 50,942 could push the index towards 50,700 – 50,500. If Bank Nifty finds support at 50,942 and rebounds, look for a possible recovery towards 51,202 → 51,402. Avoid panic shorting on a gap-down open; wait for confirmation before entering trades. 🎯 Pro Tip: A gap-down near a strong support zone could trigger a short-covering bounce. Wait for a reversal signal before taking long positions. ⚠️ Risk Management Tips for Options Traders 🛑 Avoid Over-leveraging – Stick to defined risk per trade and avoid emotional trading. ⌛ Theta Decay Awareness – If the market remains sideways, option premiums will erode rapidly. 🔄 Use Spreads for Risk Control – Consider hedged positions like Bull Call or Bear Put spreads instead of naked options. 📊 Trade at Key Levels – Avoid random trades; focus on high-probability setups. 📌 Summary & Conclusion 📍 Key Levels to Watch: 🟥 Resistance: 51,781 → 52,132 → 52,251 🟧 Opening Support/Resistance Zone: 51,402 – 51,202 🟩 Support: 50,942 → 50,700 🔸 Bullish Bias: Above 51,781, targeting 52,132 – 52,251 🔸 Bearish Bias: Below 51,202, expecting a drop towards 50,942 – 50,700 🔸 Neutral/Choppy: Inside 51,402 – 51,781, wait for a breakout 🎯 Final Advice: Stick to the trading plan and execute trades only at key levels. The first 15-30 minutes will define market sentiment—observe price action carefully. Risk management is crucial—never risk more than you can afford to lose. 📢 Disclaimer I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please conduct your own research or consult a financial advisor before making any trades. 🚀 Stay updated with real-time trade setups!
NSE:BANKNIFTYLong
by LiveTradingBox
3
Nifty Bank Index (BANKNIFTY) Analysis & Trade Setup Timeframes & Context We have three different timeframes: Daily (1D), 4-Hour (4H), and 1-Hour (1H). 1D gives us the macro view, showing key liquidity zones, order blocks (OBs), and break of structure (BOS). 4H refines our zones, helping to confirm areas of interest. 1H is the execution timeframe, where we define entry, stop-loss, and profit targets. 1️⃣ Higher Timeframe Bias - Daily Chart 📌 Key Observations: A strong rejection from a higher timeframe supply zone near 52,000 - 52,400. A liquidity grab (buy-side liquidity sweep) followed by a market structure shift (MSS) confirms bearish intent. Break of Structure (BOS) indicates a downward trend continuation. Fair Value Gaps (FVGs) suggest imbalance that the price may revisit before continuation. 📌 Bias: Bearish, expecting price to move lower. 📌 Key Levels: Supply Zone (Resistance): 51,800 - 52,400 Demand Zone (Support): 48,000 - 49,000 Potential Target: 49,000 (near previous liquidity and OB) 2️⃣ Mid-Timeframe Confirmation - 4H Chart 📌 Key Observations: A strong volume imbalance (VI) after the downward move. Price has consolidated inside a 1H Fair Value Gap (FVG), signaling a possible retracement. The previous low at 50,750 is being tested multiple times, suggesting liquidity is building. 📌 Bias: Bearish Looking for a retracement to 51,200 - 51,400 (FVG area) before continuing downward. Break below 50,750 confirms further selling. 📌 Key Levels: Resistance: 51,200 - 51,400 (FVG + OB) Support: 50,400 (short-term), 49,500 (major) 3️⃣ Entry Plan - 1H Execution Chart 📌 Trade Idea: Wait for price to retest 51,200 - 51,400 (FVG zone). If we see rejection (e.g., bearish engulfing candle or liquidity sweep), enter a short trade. 📌 Trade Parameters: Entry: 51,200 - 51,400 Stop Loss: 51,600 (above OB) Target 1 (T1): 50,400 Target 2 (T2): 49,500 Risk-Reward Ratio (RRR): ~1:3 or better 📌 Alternative Scenario: If price breaks above 51,600, we invalidate the short setup. In that case, we will reassess for a bullish continuation.
NSE:BANKNIFTY
by Official_LUSER
BANKNIFTY : Intraday Trading levels and Plan for 02-Apr-2025📌 BANK NIFTY Trading Plan – 01-Apr-2025 📊 Market Overview: Bank Nifty closed at 50,851, consolidating near the Opening Support Zone (50,800 – 50,899). This price action suggests that the market is at a critical juncture, where the next move depends on price action confirmation at key levels. To ensure a strategic and disciplined approach, let’s analyze all possible opening scenarios and their corresponding trading plans. 🔼 Scenario 1: Gap-Up Opening (200+ points above 51,100) A gap-up above 51,100 indicates bullish momentum, but whether it sustains or reverses depends on the 51,164 – 51,419 resistance zone. This level is crucial as it can either lead to further upside or trigger profit booking. ✅ Plan of Action: If Bank Nifty sustains above 51,164, expect a rally towards 51,419 → 51,600. If it breaks 51,600, a further bullish move toward 51,750 is possible. If price faces resistance at 51,164 and starts reversing, expect a pullback toward 50,900. A breakdown below 50,800 can lead to further weakness. Avoid aggressive longs inside 51,090 – 51,164, as this is a potential rejection zone. Wait for a decisive breakout or a bearish rejection to act accordingly. 🎯 Pro Tip: If the gap-up starts fading within 15-30 minutes, it signals a lack of buyer strength and increases the chances of a reversal. ⚖ Scenario 2: Flat Opening (Within ±200 points, around 50,850) A flat opening near 50,850 suggests indecision, where price action will determine the next direction. The key battle will be between 50,800 support and 51,090 resistance. ✅ Plan of Action: Upside case: If Bank Nifty breaks and sustains above 51,090, it may head towards 51,164 → 51,419. Monitor price action near these resistance levels before entering fresh longs. Downside case: If Bank Nifty breaks below 50,800, it could test 50,522 → 50,314. A breakdown below 50,314 will shift the trend bearish. Avoid trading inside the No Trade Zone (50,800 – 51,090), as price could consolidate before a breakout. 🎯 Pro Tip: In a flat opening, wait for a strong 15-minute candle close above or below key levels before entering trades. 🔽 Scenario 3: Gap-Down Opening (200+ points below 50,600) A gap-down below 50,600 could indicate selling pressure, but buyers may step in around the 50,314 – 50,206 support zone. ✅ Plan of Action: If Bank Nifty sustains below 50,522, expect a decline towards 50,314 → 50,206. A breakdown below 50,206 could lead to a sharp fall towards 50,000. If Bank Nifty finds support at 50,206 and rebounds, it may recover towards 50,522 → 50,800. A strong close above 50,800 will shift momentum back to the bulls. Be cautious of bear traps – If the market gaps down but quickly recovers, it could trigger short covering, leading to a strong upside reversal. 🎯 Pro Tip: If the gap-down occurs near a strong buyer’s support zone, wait for a bullish price action confirmation before entering long trades. ⚠️ Risk Management Tips for Options Traders 🔹 Avoid over-leveraging – Use proper position sizing to manage risk. 🔹 Theta Decay Awareness – If the market consolidates, option premiums will erode rapidly. 🔹 Use Spreads for Protection – Instead of naked options, use spreads to limit risk and improve probability. 🔹 Trade at Key Levels – Avoid impulsive trades; focus on defined support and resistance zones. 📌 Summary & Conclusion 📍 Key Levels to Watch: 🟥 Resistance: 51,090 → 51,164 → 51,419 🟧 No Trade Zone: 50,800 – 51,090 🟩 Support: 50,522 → 50,314 → 50,206 🔸 Bullish Bias: Above 51,090, targeting 51,164 – 51,419 🔸 Bearish Bias: Below 50,600, expecting a fall towards 50,314 – 50,206 🔸 Neutral/Choppy: Inside 50,800 – 51,090, avoid unnecessary trades 🎯 Final Advice: Stick to the structured trading plan and execute only at key levels. Avoid emotional trading—wait for confirmation before entering trades. The first 15-30 minutes after market open will provide better clarity—observe price action before committing to a trade. 📢 Disclaimer I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please conduct your own research or consult a financial advisor before making any trades.
NSE:BANKNIFTY
by LiveTradingBox
Bank nifty Futures 28.03.2025I am expecting a gap up today. This may be followed by a downward move but depends upon the opening which will be important. Also, the lines marked have important role to play. we have a lean low volume tail indicative of buying. My strategy today will be to buy on dips and for that I may have to wait. however, let's see the opening and how the dynamics play. Important to study the dynamics with a broader perspective in mind. Expecting a neutral day., but confirmation is possible after the IB is made.
NSE:BANKNIFTY1!
by SABMR
BANKNIFTY : Intraday Trading Levels and Plan for 26-Mar-2025📌 BANKNIFTY Trading Plan – 26-Mar-2025 📊 Current Market Status: BANKNIFTY closed at 51,490.30, witnessing some selling pressure from intraday highs. The structure remains uncertain, with key resistance and support levels dictating tomorrow's action. Let's break down the plan for different opening scenarios. 🔼 Scenario 1: Gap-Up Opening (200+ points) If BANKNIFTY opens above 51,700, we need to assess the momentum before jumping in. A gap-up opening near 51,927 (last intraday resistance) might trigger initial profit booking. ✅ Plan of Action: If prices sustain above 51,927, expect a move towards the profit booking zone at 52,143 – 52,235. A breakout above 52,235 could indicate bullish momentum. If the index rejects 51,927 and starts reversing, a short opportunity can arise, targeting 51,744 → 51,490 as intraday levels. Avoid aggressive longs if price remains within No Trade Zone (51,743 – 51,925). Wait for a decisive move. 🎯 Pro Tip: Avoid chasing the gap-up immediately—let the market settle and confirm strength above resistance before going long. ⚖ Scenario 2: Flat Opening (Within ±200 points) A flat opening around 51,490 means BANKNIFTY is indecisive. Here, it’s crucial to wait for confirmation at key levels. ✅ Plan of Action: Upside case: If the index breaks above 51,744, we could see a retest of 51,927. A strong breakout above this can push towards 52,143 → 52,235. Downside case: A breakdown below 51,490 could trigger selling pressure towards 51,206 – 51,080. Neutral Approach: Avoid trading in the No Trade Zone (51,743 – 51,925) unless a clear breakout occurs. 🎯 Pro Tip: In a flat opening, options traders can look for range-bound strategies like Iron Condors or straddle sells if volatility is low. 🔽 Scenario 3: Gap-Down Opening (200+ points) If BANKNIFTY opens below 51,206, bearish sentiment might dominate, but we must assess support zones. ✅ Plan of Action: If price sustains below 51,206, expect a drop towards 51,080 and 50,904. A further breakdown could trigger heavy selling. If price takes support at 51,206 – 51,259 and rebounds, look for a potential pullback entry with stop-loss below 51,200. Watch for trap setups—if the market opens low but quickly reverses above 51,206, it could be a bear trap leading to a short squeeze. 🎯 Pro Tip: In a gap-down scenario, avoid panic selling; instead, wait for a retest of breakdown levels before entering trades. ⚠️ Risk Management Tips for Options Traders 🔹 Avoid over-leveraging – Trade within your risk capacity and don't go all in. 🔹 Time decay factor – If taking options trades, be mindful of premium decay, especially near expiry. 🔹 Hedge your trades – Use spreads instead of naked options to reduce risk. 🔹 Wait for confirmation – Don't enter trades blindly; wait for price action signals. 📌 Summary & Conclusion 📍 Key Levels to Watch: 🟥 Resistance: 51,744 → 51,927 → 52,143 – 52,235 🟧 No Trade Zone: 51,743 – 51,925 🟦 Support: 51,206 – 51,259 → 51,080 → 50,904 🔸 Bullish Bias: Above 51,927 for targets of 52,143 – 52,235 🔸 Bearish Bias: Below 51,206 for a move towards 51,080 and lower 🔸 Neutral/Range-Bound: If price remains between 51,743 – 51,925 🎯 Final Advice: Follow the levels with discipline. Avoid overtrading in No Trade Zones. Let the first 15-30 minutes settle before taking aggressive trades. 📢 Disclaimer I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please do your research or consult with a financial advisor before making trading decisions. 🚀 Stay updated on live trading levels & setups!
NSE:BANKNIFTYShort
by LiveTradingBox
BANKNIFTY : Intraday Levels and Plan for 25-Mar-2025📅 BANK NIFTY Trading Plan – 25th March 2025 ⏰ Timeframe: 15-min | 📊 Index Spot Reference: 51,769 🚀 Opening Scenario 1: GAP-UP Opening (200+ points) If BANK NIFTY opens above 51,969+ (200 points or more): Monitor price action near the Opening Resistance / Last Intraday Resistance Zone – 52,138 . This is a crucial level where sellers might become active. A strong bullish candle above 52,138 , sustained for 15 mins with volume, could trigger momentum towards the Profit Booking Zone around 52,693 . However, if price shows rejection signs (doji, shooting star, or long upper wicks) at 52,138 , consider shorting with SL above 52,200 on a 15-min candle close basis. The move towards 52,693 is likely to attract profit booking. Use this zone as a potential exit for long positions or consider building short positions only if reversal candles appear. Any failure to hold above 52,138 may lead to a retest of the support zone at 51,659 – 51,509 . 🧠 Tip: Avoid aggressive longs directly at resistance. Wait for confirmation of breakout or signs of reversal. Option traders can use debit spreads (buy ATM CE, sell OTM CE) to limit risk. 📈 Opening Scenario 2: FLAT Opening (within ±200 points) If BANK NIFTY opens near 51,700–51,800: A range-bound session is possible early on. Let the first 15–30 minutes play out to gauge direction. Sustained price action above 51,769 can retest 52,138 . Bulls must close candles above this level to expect higher targets like 52,693 . Breakdown below 51,659 increases the chances of testing the Opening Support at 51,509 . Reversal entries can be initiated near support levels if bullish candle patterns appear with confirmation. This zone offers both long and short opportunities based on real-time price reaction. Don’t preempt trades. 🧠 Tip: If expecting a sideways day, option sellers may consider short strangles or iron condors with tight SL. Always manage positions with proper hedge or SL orders. 📉 Opening Scenario 3: GAP-DOWN Opening (200+ points) If BANK NIFTY opens near or below 51,500: Immediate support lies near 51,509 . If this breaks on strong bearish candles, expect a fall towards 51,218 and further down to 50,904 . Aggressive sellers might enter if 51,509 is breached decisively. However, wait for confirmation rather than chasing the opening candle. Any recovery attempt will face resistance near 51,659 – 51,769 . Watch for rejection to re-enter shorts. Reversal buyers may consider 51,218 or 50,904 if bullish engulfing or hammer patterns appear. Ideal for scalping trades. Stay nimble, as gap-down days can be volatile and trap both bulls and bears. 🧠 Tip: Avoid buying puts after large gaps – premiums are inflated. Consider bear put spreads or calendar spreads to minimize theta decay. 🛡️ Risk Management Tips for Options Traders: Never allocate more than 2–5% of your capital on a single trade. Always trade with SL (Stop Loss) in place – do not hold losing positions hoping for recovery. Use spreads instead of naked options to reduce theta impact and protect against sudden reversals. Avoid trading 0-DTE (same day expiry) options unless you’re an experienced scalper. Review your trade post-market and journal the logic – it improves discipline and learning. 📌 Summary & Conclusion: ✅ Upside Levels: → 52,138 – Crucial resistance for intraday → 52,693 – Strong profit booking zone ✅ Downside Levels: → 51,509 – Opening Support → 51,218 – Last intraday support → 50,904 – Breakdown danger zone 🎯 Ideal Approach: → For gap-up: Wait for strength above 52,138 or reversal signs to short. → For flat: Follow breakout or breakdown setups near support/resistance. → For gap-down: Let price stabilize near supports; trade only on confirmation. 🚨 Avoid emotional trades. Let price action confirm direction. Be flexible and adaptive based on live market structure. ⚠️ Disclaimer: I am not a SEBI-registered analyst. All views shared above are for educational and informational purposes only. Please do your own research or consult your financial advisor before making any investment or trading decision.
NSE:BANKNIFTY
by LiveTradingBox
Bank Nifty SpotBank NIfty Spot for 24 - 28 March 2025 last week NS opened @ 48219.55 gave incredible 1500+ points The important level is 50775 (30min close) for the BNS to give a fresh breakout. Similarly if the BNS makes a 30m close below 50775 then probably 50700 PE can be a best bet for options players.... Again exiting position at a level mentioned below that... Level to level trading is recommended... Happy trading and Profit making with proper planning.. Like.. Share.. Comment...
NSE:BANKNIFTYShort
by emraldconsul
NIFTY BANK Prediction for Tomorrow – March 25, 2025What happened on last day: As we discussed, BANKNIFTY had been consolidating in a wide range, and it finally gave a breakout to the upside. If we look at the chart now: The market has broken out above the immediate resistance zone of 50,300–50,500 , and is now trading just above the 200 EMA (1D-tf) . The breakout candle was backed by strong volume , indicating institutional participation. BANKNIFTY is forming a higher low structure , and has broken a significant resistance from its previous congestion zone. The 13 EMA, 50 EMA, and 100 EMA are all aligned below the price, with 200 EMA recently reclaimed — supporting a bullish bias. RSI = 65 , shows good momentum and strength, but bulls will need to defend these levels for continuation. Price is also trading well above VWAP , reinforcing the short-term bullish sentiment. Support zone: 49,800 – 50,200 Resistance levels: 51,680, 52,000 (trendline), 54,467 (swing high) If we look at the OI data: PCR = 1.3 , clearly shows a bullish sentiment in the derivatives segment. There is heavy Put writing at 50,000, 50,200, and 50,500 which will now act as immediate support levels. On the upper side, mild Call writing has been seen near 51,500–52,000, which aligns with the trendline resistance shown on the chart. We are in the last week of the monthly expiry (27 March) , so these zones will play a decisive role. If we look at the news & sentiment: INDIA VIX = 12.6 remains stable. No negative news on banking or macroeconomics. FII inflow data shows recovery, and overall sentiment is bullish-to-cautious . Eyes are on whether BANKNIFTY can close and hold above the 51,000–51,200 levels. I am expecting The market to be sideways to bullish with a possible breakout above 51,680 leading to a test of 52,000–52,300 , if sustained. Reasons: ✅ Breakout above major supply zone with strong volume ✅ Price > EMA(13, 50, 100, 200) confirms bullish alignment ✅ PCR = 1.3 suggests strong bullish sentiment ✅ Above VWAP and RSI > 60 supports momentum ❗Approaching trendline resistance near 52,000 Verdict: Sideways or Bullish Plan of action: Sell 51,500 CE and 50,500 PE — create a slightly bullish range. Exit one leg if price breaks 52,000 or falls below 50,300 with volume.
NSE:BANKNIFTY
by finnova_
BankNifty Intraday Support & Resistance Levels for 27.01.2025On Friday, BankNifty opened flat to negative and experienced a volatile session. It initially hit a low of 48,347.85, then rallied to the day’s high of 48,858.65 before declining sharply to a new low of 48,203 by the end of the day. The index closed at 48,367.80, losing 221 points compared to the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Minor Demand/Support Zone (5m): 48,074.05 - 48,171.10 Far Support Zone: 46,077.85 (low from 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested multiple times) Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (inside the Daily supply zone) Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (inside the Weekly supply zone) Outlook This marks the third consecutive week that BankNifty has closed below the crucial June 2024 election week closing levels, indicating persistent selling pressure. Unless BankNifty finds support in the 47,800–48,000 zone, further downside could unfold in the coming days. However, a breakout above 49,000 and sustained trading in that range could trigger a bullish move, targeting the 50,000–50,500 zone. With the Union Budget 2025 approaching, heightened volatility is expected. Trade cautiously and keep an eye on key levels!
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 24.01.2025On Thursday, BankNifty saw a subdued session, opening flat to positive but struggling to sustain higher levels. It made a low of 48,493 during the first 30 minutes, rallied to a day high of 48,892.70, and then traded sideways for most of the session. As the day ended, it dipped near the day’s low and closed at 48,589, losing 135 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Minor Demand/Support Zone (5m): 48,074.05 - 48,171.10 Far Support: 46,077.85 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested multiple times) Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (inside the Daily supply zone) Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (inside the Weekly supply zone) Outlook BankNifty continues to struggle around the 48,500 levels, indicating a lack of strong buying momentum. However, the 48,000 - 48,100 demand zone might provide support in the short term. On the upside, resistance around 49,200 - 49,800 needs to be breached for any sustained rally.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 23.01.2025On Wednesday, BankNifty showed resilience, opening on a positive note but dipping to a low of 48,074.05, breaking below the 125m Demand Zone and entering the Far 30m Demand Zone. From there, it rallied strongly during the final trading hour, touching a high of 48,781.75 before closing at 48,724.40, gaining 153 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative. Demand/Support Zones Near Demand/Support Zone (30m): 47,950.15 - 48,117.75 (tested) Far Support: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested) Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 Outlook BankNifty's rally from the 30m Demand Zone highlights robust support around 47,950 - 48,100. On the upside, the 49,200 - 49,400 range presents significant resistance, with further barriers near 49,800 - 50,000. A breakout above these levels could open doors to 50,900+.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 22.01.2025Tuesday's session saw extreme volatility, with BankNifty opening positive and made day high of 49,543.15. However, it faced heavy selling pressure, dropping to 48,692, followed by a bounce to 49,280.70, and finally sliding to a day low of 48,430.95, entering the 125m Demand Zone. It closed at 48,570.90, losing 780 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative. Demand/Support Zones Near Demand/Support Zone (125m): 48,375.60 - 48,610.10 (current price inside the zone) Far Demand/Support Zone (30m): 47,950.15 - 48,117.75 Far Support: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested) Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 Outlook BankNifty is currently in the 125m Demand Zone (48,375.60 - 48,610.10), which could offer support. If this zone holds, we may see a bounce. However, a break below could lead to further downside.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 21.01.2025On Monday, BankNifty opened gap-up, dipped to a low of 48,683.60, and rallied to a high of 49,650.60, once again entering the Daily Supply Zone. It closed at 49,350.80, gaining a robust 810 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support Zone (15m): 48,950.10 - 49,064.80 Near Demand/Support Zone (125m): 48,375.60 - 48,610.10 Far Demand/Support Zone (15m): 47,950.15 - 48,117.75 Far Support Level: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (current price inside this zone) Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 Outlook BankNifty found support near 48,300 and has once again entered the Daily Supply Zone (49,230.15 - 50,447.60). If the 15m Demand Zone (48,950.10 - 49,064.80) remains unbroken, we could witness a rally toward 49,750 or even 50,000 in the upcoming sessions.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 20.01.2025On Friday, BankNifty opened gap-down, touched a high of 49,047.20, and dropped sharply to a low of 48,309.50. It ended the day at 48,540.60, losing a significant 738 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 47,950.15 - 48,117.75 Near Support Level: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 49,278.70 - 49,389.95 Near Supply/Resistance Zone (15m): 49,492.15 - 49,557.35 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested)
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 17.01.2025On Thursday, BankNifty opened with a huge gap-up at 49,082.90, made a low of 49,038.45, and surged to a high of 49,459, entering the Daily Supply Zone (49,230.15 - 50,447.60). It eventually closed at 49,278.70, gaining an impressive 527 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support Zone (15m): 47,950.15 - 48,117.75 Near Support: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 49,492.15 - 49,557.35 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Outlook BankNifty entered the Daily Supply Zone, and with the trend remaining negative, caution is advised when going long at these levels unless there is a decisive breakout above the supply zone.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 16.01.2025On Wednesday, BankNifty opened gap-up, hitting a high of 49,083.65 early in the session. However, it faced selling pressure and dropped to a low of 48,522.40 before recovering slightly to close at 48,751.70, gaining a modest 22 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 47,950.15 - 48,117.75 Near Support: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 49,175.30 - 49,358.15 Near Supply/Resistance Zone (15m): 49,492.15 - 49,557.35 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Outlook BankNifty continues to face resistance at higher levels. But, if the 15m demand zone remains intact, it could test 49,400 or even 49,800 in the coming sessions. However, sustained selling could pull it towards the lower supports.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 15.01.2025On Tuesday, BankNifty opened gap-up as expected, made a low of 48,235.20, and rallied to a high of 49,007.35 during the session. It closed at 48,729.15, gaining an impressive 688 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 47,950.15 - 48,117.75 Near Support: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 49,175.30 - 49,358.15 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 Outlook If BankNifty sustains 15m Demand zone, it could test 49,200 in the coming sessions.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 14.01.2025On Monday, BankNifty opened with a gap-down, reaching a high of 48,606.35 before falling to a low of 47,898.35. It closed at 48,041.25, losing 693 points compared to the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative. Demand/Support Zones Near Support: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (30m): 48,640 - 48,793.75 Near Supply/Resistance Zone (15m): 49,175.30 - 49,358.15 Far Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Far Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 Outlook BankNifty is currently oversold on lower timeframes (60m, 75m). A bounce-back may occur if it sustains above the 48,000 level. However, resistance at higher levels could limit significant upward movement.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 13.01.2025On Friday, BankNifty opened gap-down and witnessed a highly volatile session. It recorded a high of 49,483.15 and a low of 48,631.20, breaking below the critical 61.8% FIBO level at 49,282. Eventually, it closed at 48,734.15, losing a substantial 769 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Support Level: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 49,173.80 - 49,359.35 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Outlook Friday's close below the 61.8% FIBO level at 49,282 raises concerns for the bulls.
NSE:BANKNIFTY
by PriteshPalan
1
BankNifty Intraday Support & Resistance Levels for 10.01.2025On Thursday, BankNifty opened with a gap-down, briefly tested a high of 49,798.10, and dropped to a low of 49,230.15, aligning with the FIBO 61.8% level at 49,283. A minor recovery followed, and it closed at 49,503.50, losing 331 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative, reinforcing bearish sentiment. Demand/Support Zones Near Support Level: 49,282.64 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 50,043.35 - 50,246.90 Near Supply/Resistance Zone (15m): 50,618.95 - 50,813.55 Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Outlook BankNifty tested critical support at the 61.8% FIBO level, highlighting this as a pivotal zone. Further downside could push it into the 44,633 zone, while if it sustains we may see up move till 50600.
NSE:BANKNIFTY
by PriteshPalan