Bankniftyresistance
BANK NIFTY ANALYSIS FOR WEEK FOLLOWING 17 APRIL 2023Bank Nifty Zones
Zones Above - 42291-327, 42534, 42709-759, 43026-137
Zones Below - 41934-42015, 41564-640, 41157-187, 40817-727
Bank Nifty seems to be very strong as per today's close, 15th April is the result of HDFC bank, if the result is strong then it may further rally on Monday, 17th April Very Strongly
BANK NIFTY ANALYSIS FOR 02 JANUARY 2022Bank Nifty lost its steam of bullishness as of now, it is in a range where bias is undecided
only if it breaks and closes below 42222 on Daily closing basis it will get Bearish
&
if it breaks and closes above 441555 on Daily closing basis it will get Bullish
in between the above 2 levels it will keep giving Goosebumps, hence avoid heavy positions till then.
BankNifty Daily Levels Update For Option Day Trading Key Levels For Easy Option Buying & Selling in Banknifty
Banknifty Important Support Zones
First Support Zone For BankNifty – ( 40164 - 40198 )
Second Support Zone For BankNifty – ( 39918 - 39948 )
Third Support Zone For Bank Nifty – ( 39570 - 39594 )
BankNifty Importatnt Resistance Zones
First Resistance Zone For BankNifty – ( 40452 - 40440 )
Second Resistance Zone For BankNifty – ( 40570 - 40545 )
Third Resistance Zone For BankNifty – ( 40862 - 40830 )
Fourth Resistance Zone For Banknifty - ( 41162 - 41137)
BankNifty Daily Levels Update For Option Day Trading Key Levels For Easy Option Buying & Selling Strategy For Banknifty
Major Support Zones For Monday
First Support Zone For BankNifty – 39115 - 39140
Second Support Zone For BankNifty – 38813 - 38837
Third Support Zone For Bank Nifty – 38384 - 38423
Major Resistance Zones For BankNifty
First Resistance Zone For BankNifty – ( 39240 - 39208 )
Second Resistance Zone For BankNifty – ( 39595 - 39572 )
Third Resistance Zone For BankNifty – ( 39715 - 39676 )
Forth Resistance Zone For Bank Nifty - ( 40203 - 40166 )
BankNifty Daily Levels Update For Option Day Trading Banknifty Possible Targets in Option Day Trading
Major Support Zones For BankNifty
First Support Zone For BankNifty – 39115 - 39139
Second Support Zone For BankNifty – 38911 - 38945
Third Support Zone For Bank Nifty – 38700 - 38740
Major Resistance Zones For BankNifty
First Resistance Zone For BankNifty – ( 39595 - 39572 )
Second Resistance Zone For BankNifty – ( 39715 - 39676 )
Third Resistance Zone For BankNifty – ( 39940 - 39909 )
Forth Resistance Zone For Bank Nifty - ( 40203 - 40166 )
BankNifty Daily Levels Update For Option Day Trading UP SIDE POSSIBLE TRADE
Tomorrow First Up Side Possible Trade in Banknifty – If Banknifty Open Gap Up Above Resistance
Trade Entry – If Banknifty Sustain above Support Zone (35953 – 35910) You Can Buy ATM CALL Option (36000 CALL)
Trade Target – Banknifty Upside First Target is 36200 & Second Target 36100
Trade Stoploss – If Banknifty index Any 30 min candle Close Below Support 35910 then Exit from Trade or max . 30/35 Points Stoploss .
Tomorrow First Up Side Possible Trade in Banknifty – If Banknifty Open Gap Down Above Support
Trade Entry – If Banknifty Sustain above Support Zone (35660 – 35700) You Can Buy ATM CALL Option (36000 CALL)
Trade Target – Banknifty Upside First Target is 35900 & Second Target if Bank nifty Closes in one Hour Candle above Resistance (35953 – 35910) Then Only Second Target will Possible 36300
Trade Stoploss – If Banknifty index Any 30 min candle Close Below Support 35660 then Exit from Trade or max . 30/35 Points Stoploss .
DOWN SIDE POSSIBLE TRADE
Trade Entry – If Banknifty Sustain below Zone (35953 – 35910) You Can Buy ATM PUT Option (35900 PUT)
Trade Target – Banknifty Upside First Target is 35700 & Second Target 35550
Trade Stoploss – If Banknifty index Any 30 min candle Close Below Support 35953 then Exit from Trade or max . 30/35 Points Stoploss .