**Analyzing Bank Nifty Index Levels for May 17, 2024**
*Building on the previously identified levels and market dynamics, let's explore the potential support and resistance zones for Bank Nifty on May 17, 2024, to guide traders in their decision-making process.*
### Support Levels:
1. **Primary Support Level:** 47814
2. **Secondary Support Level:** 47620
3....
For Bank nifty Market Need To Break 44300 and trade Abve This Then We Can Consider a Buying Side Entry Otherwise We Avoid This. If Market Again Trade Mention This Levels then Don't Want To Trade Just Wait For Break out and Break Down . If Again Market Break Downside Support Zone 44100 and Then 44000 Then the Downside is More Possible Upto 44900.
AS PER OI...
Hi,
An inverted Head & Shoulder is visible on the daily chart of SBIN. One can look to create a fresh Position in the scrip.
One can buy the scrip at around 596-600, SL@584 and Targets are 610/620/630
The risk to reward ratio is 1:2.5
Exit the position if the stop loss is triggered on DCB.
DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW...
Today will be gap up opening in banknifty . Expected opening above 41000 level then expected upside rally upto 41450+ level. Any downside possible below 40950 level.
Bank Nifty view is BEARISH for this week
Banknifty looks Strong when comparing with Nifty, and I can see Symmetrical triangle pattern which it takes rejection last week. If the lower triangle line is compromised we can expect 1000 Points fall. So my view in BNf is also BEARISH. We can expect up move only if 42700 is taken out on the higher side.
Any close above...
In this video I have shared banknifty expiry analysis.
Follow the video and mark these levels on your chart.
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Thanks!
The index is in consolidation from last few days.
I have marked support and resistance area in the chart.
Breaking either side will give 400 to 500 points directional move.
Closing above 43150 will make up side move strong.
BANK NIFTY TODAY 16-06-22
Started with gap up above my zone 33580-33499, Gave good oppurtunity to short with tiny SL.
Then went directly to 33222-33160 zone took a pause for 1.15 hours gave a good short entry again, broke support line of 33025 with momentum candle.
Reached the last zone of 32739-32630, which was in confluence with my down trending channel and...
Hi Good Evening,
Today on 13th June 2022, Bank Nifty had to give a gap down to breach our down trending channel and 2 demand zones.
Then it formed a high momentum first candle to break the demand zone of 33600-33522.
Further went down got demand from the next demand zone at 33210, came up and ended near the previous demand zone 33464.
This is the power of strong...
Bank nifty after a gap down travelled even below and retraced back to the level of 35000 in the second half.
Market has closed below its 20 DMA and on and hourly time frame the moving averages are close.
Market seems to be in a bear trend on a smaller time frame.
Support:- 35850, 35780
Resistance:- 35000, 35200
Market can remain in red for tomorrow as there...
Bank nifty is trading above its 20EMA on a
15 minute timeframe.
Markets are bullish and may remain positive
until it sustains above and respect its 20
ema.
Support :- 36225,36000
Resistance :-36380, 36600, 37375
Wait for the price action near the levels for
entry and exit.
Bank nifty is trading above its 20EMA on a 15 minute timeframe.
Markets are bullish and may remain positive until it sustains above and respect its 20 ema.
Support :- 36225,36000
Resistance :-36380, 36600, 37375
Wait for the price action near the levels for entry and exit.
