BankNifty levels - Aug 29, 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.
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Bankniftytomorrow
#banknifty"Good morning! As of August 28th, the global market sentiment is slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a slight gap-up. Therefore, we can expect a minor pullback afterward. If the market rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain, then the correction will probably persist."
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.
BankNifty levels - Aug 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!
#banknifty"Good morning! As of August 24th, the global market sentiment is positive (based on the Dow Jones alone), and the market trend is moderately bullish. The market might open with a gap-up. If the market reaches resistance with consolidation, we can expect a minor correction. On the other hand, if the initial market experiences a sharp rally, then the rally is likely to continue with minor consolidation."
BankNifty levels - Aug 24, 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!
#banknifty"Good morning! As of August 23rd, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might open neutrally, suggesting a ranging market. If it breaks yesterday's high after the neutral opening, we can expect a pullback continuation. On the other hand, if the initial market declines, it will likely undergo a minimum 78% Fibonacci correction. After that, if it rejects around the 78% level, we can expect a pullback. Conversely, if it consolidates or breaks the 78% level, the correction is likely to continue."
BankNifty levels - Aug 23, 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!
#banknifty"Good morning! As of August 22nd, the global market sentiment is neutral (based on the Dow Jones alone), while the market trend is moderately bullish. The market might open neutrally. if it breaks yesterday's high after the neutral opening, we can expect a pullback continuation. On the other hand, if the initial market declines, it will likely undergo a minimum 61% Fib correction. After that, if it rejects around 61%, we can expect a pullback. Conversely, if it consolidates or breaks the 61% level, the correction is likely to continue."
BankNifty levels - 22nd Aug 2023 Utilizing 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!
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.
Bank Nifty - Analysis & Prediction - 21 to 25 Aug 2023Bank Nifty Prediction for this Week:
Indian Markets are in Down trend however there will be small correction in BNF this week. Currently it is taking support at Daily 100 SMA line.
Next week Bank Nifty likely to test 44150 level before it falls again and there is high probability that Nifty might test 42500 mark very soon.
BULLISH trend can be expected only if Daily close above 44300
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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.
BankNifty levelsUtilizing 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.
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!
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.
BankNifty levelsUtilizing 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.
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!
BankNifty levelsUtilizing 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.
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!
#banknifty"Good morning! As of August 9th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), while the market trend remains moderately bullish. There is no significant difference from the last session. Therefore, whether it opens with a gap-up or down, it won't matter. If the initial market experiences sharp declines, we can anticipate a ranging market. However, if it breaks the immediate support zone, the correction is more likely to continue.. On the other hand, should the market exceed yesterday's high, we can expect the rally to continue with minor corrections."
Banknifty future chart analysis for 09-08-2023As you can see here that price again closed at median line , but bollinger bands
are very narrow so there is a chance of breaking out or breaking down .
Whether it goes above 45168 or below 44920 in both condition you may see a burst.
if it goes below 44920 , then it may take support on 44789, going below of 44789,
it may go much lower side and may cross paas 44628.
if it goes above 45168, then it may easily to the level of 45423,
BankNifty levelsUtilizing 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.
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!
#banknifty"Good morning! As of August 8th, there is no significant difference compared to the last session. The global market sentiment is slightly positive (based on the Dow Jones alone), while the market trend remains moderately bullish. Therefore, whether it opens with a gap-up or down, it doesn't matter. If the initial market experiences sharp declines, we can anticipate a ranging market. On the other hand, if the market surpasses yesterday's high, we can expect a continuation of the rally with minor corrections."
Bank Nifty - Analysis & Prediction - 8th Aug 2023Banknifty Prediction tomorrow:
BNF looks weaker when comparing with Nifty, still 43800 level is pending to be tested.
There is a strong resistance around 45070 level is where We can look for SELL entry / or if Opens gap down 44707 below we can short entry..
BULLISH only above 45100 on 15m closing basis.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!