#banknifty"Good morning! As of August 7th, the global market sentiment is slightly negative (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."
Bankniftytomorrow
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.
Bank Nifty - Analysis & Prediction - 07 to 11th Aug 2023Banknifty Prediction:
BEARISH Trend / Negative Sentiment
Banknifty is in Down trend - Until it tests 43800. We can expect BULLISH reversal from 43800 but if that is compromises 43400 support will be tested.
Global cues indicates, Monday BNF likely to Open Gap down.
SELL entry points are 44551 below or 44800 levels.
BULLISH trend only if trades above 45200.
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 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.
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!
Bank Nifty - Prediction & Intraday Levels for - 01 Aug 2023Banknifty Prediction Tomorrow:
BNF looks very weak and No strength on the upside, also we have strong resistance around 45900/46000 where we can expect sharp sell pressure.
So changing my view towards BEAR side until BNF test hourly timeframe 200 EMA which is still pending to be tested.
If BNF reverses, we can expect 45100/45000 before expiry.
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 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 July 31st, there is no significant difference between the last session, but the global market has a neutral sentiment (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down. If the initial market takes sharp declines, we can expect correction continuation with minor pullbacks.
On the other hand, we can expect a rally only if it opens with a gap-up and sustains above the level of fib 38%. If it sustains, our next targets are 61% and 78%. Here, I mentioned a reversal structure (alternate view). If it rejects sharply around the 61% or 78%, we can expect a correction, but use the confirmation signal of (EMA20 and fib level 38%). If it breaks both signals, we can expect a correction. Otherwise, the rally might continue."
Bank Nifty - Prediction & Intraday Levels for - 31 Jul 2023Banknifty Prediction:
BULLISH / Positive Sentiment towards 47K
Banknifty likely to Open Big Gap up Open around 45800 level, if any buying momentum and sustains above 46000 we can expect 46300 will be tested on Monday. Further if sustains above 46370 we can expect 47K before expiry this week.
BEARISH only below 45200, until Buy on dip.
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"Good morning! As of July 27th, the global market indicates a negative start (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down; if the initial market takes sharp declines, we can expect correction continuation with minor pullbacks. On the other hand, we can expect a rally only if it opens with a gap-up and sustains above the level of fib 38%. If it sustains, our next targets are 61% and 78%. Here, I mentioned a reversal structure (alternate view). If it rejects sharply around the 61% or 78%, we can expect a correction, but use the confirmation signal of (EMA20 and fib level 38%). If it breaks both signals, we can expect a correction. Otherwise, the rally might continue."
Bank Nifty future chart analysis for 28.07.2023Analysis - 1.if crosses over 45812 then it may easily reach to the
level of 45989 (strong Resistance), if crosses over 45989 then it may
reach 46155 (Little Difficult).
2. If it crosses its current low then high chance is there that it will
travel alongside with standard deviation 3 and achieve all levels in
downside.
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 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.
Banknifty daily analysis for 25/07/23.Banknifty has been trading in a parallel channel and today in the second half of the session has consolidated forming a red candle.
On the hourly charts, it traded around the 20 ema and closed near to the levels. The market has been consolidating and forming a falling wedge pattern. Break out can good trade points in coming days.
Market traded below the previous day low but didn't travelled to test the lows and took support from the trend line.
On 15 minutes charts, market has closed below the 20 ema and has taken constant rejection from the levels.
Support :- 45850, 45650
Resistance :- 46080, 46260
Wait for the price action near the levels before entering the market.
Bank Nifty - Prediction & Intraday Levels for - 24 Jul 2023Banknifty Prediction for Monday:
Sideways to Moderately BULLISH
BNF likely to open flat or Small Gap down around 46K, 45849/45905 is the key levels to watch, if sustains above we can take long entry for 46300 / 46640 Targets next week.
Any weakness and closes below 45830, lower side Targets are possible.
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 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 24.07.2023As you can see here that price rejected from
standard deviation -2 , if price crosses down below
45982 then it may reach to standard deviation-1
and achieve our target.
but if price moves above standard deviation -2
you may see a huge upside move , crossing above
46319 , price may reach 46683 and much higher.
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 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.
Banknifty daily analysis for 20/07/23.An Inside candle has been formed on the daily chart and a dragon fly doji has been formed.
Market closed gaining 260 points. There was a gap up and a profit booking took market down.
Supports are nearby and the market is still in the bullish move.
On the hourly chart, a V shape recovery was there. And it is trading above the moving averages.
Today option buyer might have red PnL.
Support :- 45470, 45350
Resistance :- 45690, 45850
Tomorrow is weekly expiry and if market gives a breakout around 12:30, its likely to carry on.
Wait for the price action near the levels before entering the market.