In this video, I shared how BankNifty is moving in a Parallel Channel .
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Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only....
Banknifty is taking support from monthly trendline and it is also taking support from the daily trednline(red). if it both the support breaks then we can see good down fall till 44800 level.
If it takes support we can see upto 46000 level.
buy above 45327 target 45465,45576,45653,45792,45997
sell below 45100 target 450045, 44937,44819,44703
Banknifty has broken the monthly resistance in a day. We need to watch if it's going to survive or will it take reversal from this level.
Buy above 45262 target 45327,45465,45593
Sell below 45100 target 45006, 44854,44747
banknifty is forming a triangle pattern. it has strong resistance and support in trendline. it can move in any direction with 500 to 700 points.
Buy above 43934 target 44004, 44077, 44111,44177,44233,44444
Sell below 43777 target 43707,43634,43590,43522,43444,43362
banknifty has strong trendline support from march. if it breaks we can see more down fall towards 42000 level.
Sell below 43494 target 43371,4325043177
buy above 43707 target 43777,43898, 44028
Buy above 43500 Target 43597,43689
Sell below 43477 Target 43419, 43307
if banknifty breaks 43500 level there could be sharp sell off possible and today can be range bound as yesterday was fast move.
BANKNIFTY ANALYSIS BY SARDAR G MARKET TRADERS NSE:BANKNIFTY
On daily frame we can see there was bull run but now forming range. Trading in this time is tricky but if at right point trade is taken will be profitable. On 15min candle We have Resistance and Support for intraday level. Once breakdown on 5min candle execute your trade. But there are different methods...
5may 2022
Bank Nifty Todays Important Key Levels to Trade
Bank Nifty Max Pain - 35800
BankNifty PCR ratio - 0.9737
As Per Open Interest Maximum Open interest at Call Side 36000
As Per on Bank Nifty Chart Analysis First Support at - -35657
As Per on Bank Nifty Chart Analysis Second Support at - 35346
As Per on Bank Nifty Chart Analysis Resistance at ...
