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Bank Nifty future chart analysis for 30.08.2023If price goes above 44636, then it may easily reach to the level of 44779, if price takes resistance at 44779 then price may go sideways , crossing above 44779, price may be much stronger and may reach 44931 and above . If price goes below 44387 then you can see a burst and extreme weeaknes in price and price may go down to the l;evel 44101, special level is -44445 , if price opens near previous closing and goes below 44445, then you can go short.
NSE:BANKNIFTY1!
by stoxway
Bank Nifty future chart analysis for 29.08.2023If price goes above above 44639, then price will easily reach to the level of 44825, 44825 is a strong resistance if price takes resistance here you may see a down move till 44500, crossing above 44825 it may go to the level of 44999. If price goes below 44381, then it may reach to the level of 44222. 44222 is strong support price may bounce back to the level of 44500.if price goes below 44222 , then it may easily reach to the level of 44088. Broad area squeeze , if bollinger bursts in this situation you may get a move but not a good move. if price rejects from 44639, you may see a sideways , if price takes support above 44381, you may again witness a sideways,
NSE:BANKNIFTY1!
by stoxway
Bank Nifty future chart analysis for 28.08.2023As you can see here that price closed just below the standard deviation one which is 2nd strong support after median line, if price goes above from here and takes resistance from median line you may see a sideways. if price goes below from here and takes support at 44012 you may again see a sideways. if price goes above 44314 , then you may see a steady upside move and price may continue upside ,don;t try to book only trail. If price goes below 44012 then you may see a strong downside current and price may go much lower side.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 21.08.2023Do not go long before price crosses over upside standard deviation one, crossing over above 44075, you may again see a beaten down buying situation which may push price further ahead, follow levels. As you can see Banknifty future was closing near Median line from last five trading days , this is the first time it closes below downside standard deviation one (Blue) , after rejecting from upside standard deviation one (Blue) , which is pretty good for nice may be downside move , and you can also see a squeeze in bollinger bands. which may burst tomorrow. If price opens at the same level where it left off and then crosses below the special level (Red Line) then you can enter in PE trade , but keep in mind that 43792 will be a strong support in this situation crossing below 43792, price may go below to the level of 43491.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 18.08.2023As you can see here that price continously closing near Median line , thatswhy you are not getting proper move in banknifty , this is the fifth time it closed near Median line, but with a squeeze in bollinger band , you may see a nice move today price do not face resistance at 44149 or support at 43919, if it retraces back from 44149 , or bounce back from 43919 , then you may see sideways again. If price goes below 43919, then you can see a good downmove and price may reach to the level of 43646, in between 43839 is a strong support if price takes support here sqaure off your position with small profit, take trade again when it breakdown 43839. In upside if price breaks up above 44149, go long , 44262 strong resistance crossing above it may push price towards 44389.
NSE:BANKNIFTY1!
by stoxway
Banknifty Tradesetup for 16-08-2023Banknifty important levels to watch are as follows #Support: 44000 Sell below: 44000 only on 15 minute candle closure below the level. Target 1: 43790 Target 2: 43540 #Resistance: 44200 Buy Above: 44200 only on 15 minute candle closure Above the level. Target 1: 44410 Target 2: 44570 #Demand Zone: 43900-43960 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 44360-44400 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:BANKNIFTY
by InvestyourAsset
Banknifty future chart analysis for 16.08.2023As you can see here price took nice rejection from Median Line , so it must go down but here a little twist remains as you can see that bollinger bands are pretty broad, so if price opens near same place where it left off then there is a high chance that it will take support on bollinger bands standard deviation one and may go in a sideways. if price again goes below 44065, then you can again witness a burst and price will achieve all targets downside. in between 43862 is a strong support. If price goes above 44356, then it may easily reach to the level of 44546, 44546 is a super strong resistance price may again go down to the level of 44205, crossing above 44546 may push it towards 44725.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 14-08-2023As you can see here that bollinger bands are in squeeze mode, and price after rejection from median line (Orange), taking support at standard deviation two (Red), if price goes below standard deviation two , you may see a burst in bollinger bands and price will go much lower side achieving all targets given by me. 44624 is a strong resistance if price trying to retrace from here , go short for the target of 44341. if price goes above 44624 then it may easily reach to the level of 44807, and may again retrace back to 44624, crossing above 44807 may push it toward final target.
NSE:BANKNIFTY1!
by stoxway
Bank Nifty future chart analysis for 07-08-2023As you can see here that price closed just above standard deviation one and above median line , in between strong resistance and strong support high chance that price may go in a broader sideways. But if price crosses above 45097 than you may see a good upmove till 45283, 45283 is a strong resistance , if price retraces from here than it can again reach to the level of 44851, crossing above 45283 may push price much higher. If price breaks again median line means 44851 than it may reach much lowerside and may achieve both the targets very easily.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 04.08.2023As you saw that price did not took support at median line and also broke standard deviation 1, if price goes below cuurent low you may see another burst in bollinger band . burst within burst in same side will pull down price to deep lower side. if price goes below 44597 , then you can see a good down move till 44179, but one special support level you have to keep in your the level 44473, price may take sudden bounce from here. Above -44893 , you may see new long positions and bitten down buying , which may later again fall. 45069strong resistance area above it price will achieve its full target.
NSE:BANKNIFTY1!
by stoxway
Bank Nifty future chart analysis for 02-08-2023Price again closed near median line , there is high chance that price will not move properly. but if goes down below 45618, then you may see a burst and a good downside move. Special level is 45673, below it price may go down much lower. if price goes above 45856, then it may easily reach to the level of 46007, 46007 is a super strong resistance , price may go down heavily from here. but if it crosses above 46007, and stay s above it for few minutes than you may see a new upmove.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 01-08-2023Travelling above 45969, it may easily reach to its full target of 46213, in between 46076 is super strong resistance. Semi burst bollinger band , 45785 is an important level , if price remains above it and crosses standard deviation 2 , then you can take it as full fledge burst of bollinger band, and it may go much higher along side standard deviation3. if price goes below 45785, then there will be very little chance to take support on Median line it may go down to 45464, in between 45588 is a strong support.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 31.07.2023Lookslike a sideways, squeeze in bollinger band.it may take long time to burst, may be in last one hour of monday or in tuesday. Whenever market closes near median line, it remains sideway first half of the day in next trading day. and then it gives nice moves to bursted side. gap up and gap down not considered. if price goes above 45807, after breaking sideways or after spending some times below 45807, then it will reach 46010, 46010 is a super strong resistance zone price may retrace from here to reach again median line.if price crosses above 46010 then it will easily achieve 46209. if price goes below 45524 after breaking sideways then or after spending some time over 45524 then it cas esily reach to the level of 45141.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 25.07.2023You may see a good bollinger burst today. as you are seeing here that its taking resistance at median line and price also made a symytrical triangle, whichever side its break will give you good move, more powerful move in downside. If price moves above 46080 then it may resistance at 46214 , crossing 46214 will be very bullish and price can go beyond full target. If price moves below 45864 then you can see a strong downmove and price will reach 45579, 45725 is also a good support.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 20.07.2023Bollinger squeeze and about to burst in 30 minute chart. if bollinger burst and price travel s upside and crosses 45816 then it may touch 45933 easily , which is a strong resistance, crossing above 45933 price may reach easily to the level of 46129. if bollinger do not burst upside and starts travelling below and crosses down below 45618 then you may see a strong down move and bollinger may burst down side. and it will achieve all its level and may be more than levels.
NSE:BANKNIFTY1!
by stoxway
Bank Nifty future chart analysis for 17.07.2023As you are seeing here a declining wedge (wedge rules- gives good movement to opposite side) you are also seeing that last two breakout did not sustain , may be this time it will sustain if it crosses above 45044, above 45044 there is a high chance that it will reach 45295. but if it will goes inside again after breaking upside of the wedge then it will reach 44679 certainly. if it crosses down below 44820 ,without crossing upside the it may face strong support at 44679 and may again travel upside to the level of 45044. crossing down below 44679 may push it much deeper side.
NSE:BANKNIFTY1!
by stoxway
1
10 Jul '23 Post Mortem on BankNiftyBanknifty on the other hand was not at all bullish. Even though we had a rally from open to 09.50 - there was no motivation to go long.  The 2 horizontal blue lines drawn depicts the gap BN had earlier. Today's session ensured that is closed which might even open up further downward moves. I am not quite sure how HDFCBK pricing & index weight re-configuration will affect after the delisting of HDFC on 13 Jul. My first marked support level is at 44068 which is quite far from the current traded level. You might remember the breakout rally mostly came as gap-ups mainly spear headed by HDFCBk. Assuming there will be some jitter once the delisting of HDFC happens. I thought just to wait out for some clarity before building up positions on banknifty.
NSE:BANKNIFTY
by viswaram