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Bankniftysupportresistance

BankNifty Intraday Support & Resistance Levels for 06.09.2024On Thursday, BankNifty opened with a gap up, reaching a high of 51636.75 and staying range-bound throughout the session, eventually closing with a 72-point gain at 51473.05. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near minor Demand/Support Zone (15m): 50984 - 51073 Far Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Resistance Levels: Near Supply/Resistance Zone (15m): 51665 - 51732 Far Supply/Resistance Zone (30m): 52103 - 52340 Far Supply/Resistance Zone (125m) for weekly trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 05.09.2024On Wednesday, BankNifty opened with a gap down, landing inside the 75m demand zone. It made a low of 51259.90 but managed a slight recovery by the end of the day, closing at 51400.25 (still within the 75m demand zone). The weekly trend (50 SMA) is positive, while the daily trend (50 SMA) remains sideways. Currently, GIFT NIFTY is trading 90 points higher, suggesting a potential gap-up opening today. Support Levels: Near Demand/Support Zone (75m): 51240 - 51433 (current price inside the zone) Near Minor Demand/Support Zone (15m): 50984 - 51073 Far Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Supply/Resistance Zone (15m): 51665 - 51732 Far Supply/Resistance Zone (30m): 52103 - 52340 Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 04.09.2024On Tuesday, BankNifty opened flat, dipped to a low of 51240 but quickly recovered, closing near the day's high at 51750.10. I clearly mentioned in the previous posts that, "if BankNifty sustains above 51316, we might see a rally to 51750 and beyond," which is exactly what happened. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. With GIFT NIFTY trading 200 points lower, a gap-down opening is possible today. Support Levels: Near Demand/Support Zone (75m): 51240 - 51433 Near Minor Demand/Support Zone (15m): 50984 - 51073 Far Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Supply/Resistance Zone (30m): 52103 - 52340 Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 03.09.2024On Monday, BankNifty opened with a gap up, reaching an open-high of 51579.50 before closing at 51439.55. BankNifty is now above the 51316 level, which is the 61.8% FIBO retracement. If it sustains above this level, we might see a rally towards 51750 and beyond. The weekly trend (50 SMA) is positive, while the daily trend (50 SMA) remains sideways. Support Levels: Near Minor Demand/Support Zone (15m): 50984 - 51073 Near Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 (Current price inside the zone) Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 02.09.2024On Friday, BankNifty opened with a gap up, reaching a high of 51466.55 before closing at 51351. With BankNifty now above the 51316 level (61.8% FIBO retracement), sustained trading above this level could trigger a rally towards 51750 and beyond. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Minor Demand/Support Zone (15m): 50984 - 51073 Near Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 (Current price inside the zone) Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 30.08.2024On Thursday, BankNifty attempted for the third time this week to break above the 51316 level (61.8% FIBO Retracement). It reached a high of 51368.95 but failed to sustain and closed at 51152.75. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Resistance Level: 51316 (61.8% FIBO Retracement level) Near Supply/Resistance Zone (15m): 51303 - 51369 Near Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 (Already Tested) Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 29.08.2024On Wednesday, BankNifty opened with a gap down and remained in a narrow range throughout the day, closing at 51143.85, down by 134 points. The weekly trend (50 SMA) is positive, and the daily trend (50 SMA) remains sideways. Support Levels: Far Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Resistance Level: 51316 (61.8% FIBO Retracement level) Near Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 (Already Tested) Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 28.08.2024On Tuesday, BankNifty opened with a gap up, dipped to a low of 50938.10, touching the 15-minute demand zone mentioned in the previous post, and then bounced back to a high of 51404.70. However, due to selling pressure in the last trading hour, it closed at 51278.75. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Far Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Resistance Level: 51316 (61.8% FIBO Retracement level) Near Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 (Already Tested) Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 27.08.2024On Monday, BankNifty opened with a gap up, reaching the 125m supply zone and making a high of 51317.85, which aligns with the 61.8% Fibonacci retracement level. It then dropped 200 points from the top before closing at 51148.10. The weekly trend (50 SMA) is positive, and the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 50904 - 50965 Far Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Resistance Levels: Near Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 (Tested on Monday) Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 26.08.2024On Friday, BankNifty reached a high of 51117.85 but retraced to close at 50933.45. Despite breaking above the 75m supply zone, BankNifty closed inside the zone. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. The demand and supply zones are unchanged from the previous post. Support Levels: Near Demand/Support Zone (30m): 50393 - 50507 Near Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Far Support Level: 49660 (Double bottom on the daily chart) Resistance Levels: Near Small Supply/Resistance Zone (75m): 50915 - 51018 (current price is inside the zone) Far Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 23.08.2024On Thursday, BankNifty opened with a gap up, reaching a high of 51080 before closing at 50985.70. Despite breaking through the 75m supply zone mentioned in the last post, BankNifty still ended the day within that zone. The weekly trend (50 SMA) remains positive, and the daily trend (50 SMA) has turned sideways. Support Levels: Near Demand/Support Zone (30m): 50393 - 50507 Far Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Far Support Level: 49660 (Double bottom on Daily Chart) Resistance Levels: Near Small Supply/Resistance Zone (75m): 50915 - 51018 (current price is inside the zone) Far Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 18.07.2024On Tuesday, BankNifty stayed within a 300-point range before closing 59 points down at 52,396.80. A decisive crossover above 52,750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (75m) for weekly trade: 51,749 - 51,966 Major Support/Demand Zone (Daily): 51,138 - 51,934 Resistance Levels: Near small Supply/Resistance Zone (30m): 53,064 - 53,188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Analysis for 30-04-2024 expiryBanknifty has reached its all time high of 49473. Banknifty moved nearly 1200+ point and touched its new high. Also, its to be noted that Banknifty expiry is tomorrow as its an trading holiday on 1st May so plan your positions accordingly. Since Banknifty is in its new high the resistance level is 49500. If it sustains above this level we can expect a move till 49800 to 50000. If Banknifty trades below 49500 we can expect a bearishness in the market till the below support levels Support 1 49000 Support 2 48700 Major support/Crucial level 48150. I'm in a bullish view for Banknifty until the daily timeframe trendline is broken. Note: This is only for educational purposes. Please do your own analysis before entry.
NSE:BANKNIFTYLong
by Shree_Traders
Bank Nifty Analysis for 26-04-2024BankNifty opened with a gap down of 400+ points and took the support of 47900 and reversed till resistance zone of 48550 in the second part of the trading. Now the resistance zone of 48250 is a support zone. If BankNifty sustains above the resistance of 48550 we can expect a upward movement to below resistance levels Resistance 1 48550 Resistance 2 48800 Resistance 3 49000 There is no change in support levels. If BNF moves downward and breaks the major support at 48350. We can expect further 200 points down move till 48150. Below are the support levels to watch Support 1 48350 Support 2 48150 Support 3 47900
NSE:BANKNIFTY
by Shree_Traders
Bank Nifty Analysis for 25-04-2024BankNifty is still trading within the range of 47900 and 48250 for past two days. It is well know here that 48250 is acting as a major resistance. We can expect a bullish move only if BankNifty sustains above 48250. There is no change in the Support & Resistance levels. If BankNifty sustains above the resistance of 48250 we can expect a upward movement to above resistance levels Below are the resistance levels to watch Resistance 1 48550 Resistance 2 49000 If BNF moves downward and breaks the major support at 47900. We can expect a next support at 47700. Below are the support levels to watch Support 1 47700 Support 2 46600
NSE:BANKNIFTY
by Shree_Traders
Bank Nifty Analysis for 22-04-2024BNF is trading near the one hour timeframe support of 46600. As mentioned in my previous analysis, BNF took the support of 46600 zone and reversed. If BNF sustains below 46600 we can expect a further fall till its immediate support. If BNF moves upward we will have a immediate resistance of 47750. Below are the resistance levels to watch Resistance 1 47750 Resistance 2 48250 Resistance 3 49000 If BNF moves downward and breaks the major support at 46600. We can expect a fall till 46000. Below are the support levels to watch Support 1 46000 Support 2 46000
NSE:BANKNIFTY
by Shree_Traders
Bank Nifty Analysis for 19-04-2024BNF is trading near the 1hour timeframe support of 47000. As mentioned in my previous analysis, once the ascending channel pattern was broken in 1 day time frame BNF took the support of 47000 zone and reversed. Still BNF is trading between zones of 47000 & 47400. It is to be noted that BNF has fall 2000 points from its ATH in this week. If BNF moves upward we will have a immediate resistance of 47750. Below are the resistance levels to watch Resistance 1 47750 Resistance 2 48250 If BNF moves downward and breaks the major support at 47000. We can expect a fall till 46600. Below are the support levels to watch Support 1 46600 Support 2 46000
NSE:BANKNIFTY
by Shree_Traders
BankNifty levels - Sep 26, 2023Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty levels - Sep 25, 2023Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty levels - Sep 22, 2023Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty levels - Sep 21, 2023Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe