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Bankniftysetup

Bank Nifty Pefect Levels For 17/05/2024 Check My Previous Level**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. **Downside Support Level:** 47400 ### Resistance Levels: 1. **Primary Resistance Level:** 48150 --- **Key Insights:** - **Support Dynamics:** Bank Nifty is anticipated to find support initially at 47814, followed by 47620. However, a breach below 47620 could lead to further downside movement, testing the 47400 level. - **Resistance Considerations:** The primary resistance level stands at 48150. If the market breaks above this level, it may indicate a shift towards bullish momentum, potentially leading to an upside movement in Bank Nifty. --- **Trading Strategy:** - **Long Positions:** Consider initiating long positions cautiously if Bank Nifty holds above the identified support levels, with confirmation of bullish momentum. A breach above the resistance level of 48150 could provide opportunities for long trades. - **Short Positions:** Traders looking to enter short positions may observe the market's behavior around the resistance level. If Bank Nifty fails to break above 48150, shorting opportunities may arise, with targets set around the support levels mentioned. --- **Conclusion:** As traders prepare for May 17, 2024, understanding the key support and resistance levels is crucial for devising effective trading strategies in Bank Nifty. Monitoring price action around these levels and staying adaptable to market dynamics will be essential for navigating potential fluctuations and achieving favorable trading outcomes. *Disclaimer: The above analysis is for informational purposes only and should not be considered as financial advice. Traders should conduct their own research and consult with a financial advisor before making any investment decisions.*
NSE:BANKNIFTYLong
by santubittu
Market Can Bullish Above This LineFor 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 Data 44200/44100/ Make Support PUT Writer Write In Fri day and Big Support Zone 44000 if break Market then PUT Writer Booked Their Loss And Market Fall Down More. Wait For Break Out and Break Down Otherwise No Trade
NSE:BANKNIFTY
by santubittu
SBIN: Kuch Kuch hogaHi, 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 ME. I AM EAGERLY WAITING FOR YOUR COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:SBINLong
by raigvivek
2
Banknifty - Short term Trend Analysis - Feb & Mar 2023Bank 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 42710, I will go long for 43300 Target. I'm Not SEBI Registered analyst, so do your own analysis before taking entry.
NSE:BANKNIFTYShort
by ViVenTraders
Bank Nifty Fut Levels for 17 JUNE 2022BANK 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 finally ended just below the zone at 32573. #POWER OF TECH ANALYSIS BANK NIFTY TOMORROW 17-06-22 Kindly observe the price is now in a new down trending channel, trade only around the zones and channels at confirmation of price action.
NSE:BANKNIFTY1!
by GlobalMarketWizard
Bank Nifty Fut Levels for 14th June 2022Hi 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 zones. Best of Luck for tomorrow, Kindly enter only around zones at candle confirmations to get best R:R.
NSE:BANKNIFTY1!
by GlobalMarketWizard