Banknifty future chart analysis for 19.07.2023It may face the same faith if it goes below -45281
but if it goes above 45624 then it will be free and will
have an executive order to go past 45839.
Bankniftytomorrow
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.
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Bank Nifty - Prediction & Intraday Levels for - 18 Jul 2023Banknifty Tomorrow:
As expected Banknifty made 45K breakout for the Target of 46K
It was a strong rally today, however there might be some correction to test again PWH levels of 45150.
If incase any Gap up open tomorrow we have resistance at 45650 level where we can look for SELL entry, any strong close above 45650 only possible Long opportunity expected.
BUY entry around 45200 CPR zone.
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.
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#Banknifty"Good morning, As of July 17th, the global market is showing a neutral start with a moderately bullish market sentiment. There is a possibility of a slight gap-up opening. If the market sustains structurally, we can expect a rally continuation with minor corrections. On the other hand, if the initial market experiences a sharp decline, we can expect a range market correction."
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.
Banknifty weekly analysis for 17/07/23.Banknifty has almost retraced to 50% fibonacci levels and taken support from 20 DMA. There is a doji again on the weekly charts and is respecting a support zone around 44600 levels.
On the daily charts, a dragon fly doji was formed. Banknifty has respected the moving average and took a nice reversal from 20 ema.
Market from the first hour was there for selling and in the last hour after hitting the support zone reversed and closed 150 points higher.
Nifty is trading stronger and is forming new highs but banknifty still trading below 45k levels.
On the hourly charts, there is a confusion as its trading around the 20 ema and no clear trend is there. Once there is a break out of the trendline and both indices support each other, banknifty can test 46k levels soon.
Support :- 44600, 44400
Resistance :- 44920, 45070
As per nifty market are looking bullish and even the global sentiments are suggesting a bull market. Banknifty can give good targets in the coming week.
Wait for the price action near the levels before entering the market.
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.
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Banknifty spot analysis for 12.07.2023According to Keltner channel Bank Nifty spot taking strong support at 44745
, but if it crosses down its current low which is 44662, then it may travel to
the level of 44427.
if it crosses above 44849 then it may also travel to 45195 upside.
if it spends an hour in between 44662 to 44849 then it may remain in this range
for whole day.
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.
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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.
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.
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Bank Nifty Monday PredictionBank Nifty Monday Prediction.
Bank Nifty is on an important level of 44884, which a 38% of FIBONACCI Level
Possible next Target are 50% - 61%
50% - 44595
61% - 44345
Banknifty future chart analysis for 10.07.2023As you are seeing here nor any candle closes above deviation , nor opened above it
and then rejected , it means there is a high chance that whether from first deviaton
or from median line it will take support and bounce upto third or 2nd deviation, after closing below
median line you can tell that its started down move , till the sentiment will buy on sale.
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.
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Banknifty future chart analysis for 04.07.2023As i told you all in my previous analysis of Banknifty that it will reach pretty high,
whenever Bollinger Band bursts , if price reaches already near standard deviation 3 ,
or within a day or two it reaches near standard deviation 3 , then price do not falls, it takes support of
standard deviation 3 and goes much higher along with standard deviation 3, untill it closes below standard deviation
2,there is a high chance that tomorrow you may see a very tiny little day candle or narrow sideway,
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.
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#BANKNIFTY - POSITIONAL VIEWBankNifty, the banking index in the Indian stock market, currently shows a promising setup for short selling. Based on technical analysis, it is recommended to consider initiating short positions within the range of 44508-44722. This range is believed to offer favorable selling opportunities in the market.
The primary profit targets for this short-selling strategy are identified at 43950 and 43605. These levels are derived from careful analysis of historical price patterns, support and resistance levels, and other relevant market indicators. Achieving these targets would result in potential gains for traders who choose to capitalize on this opportunity.
To manage the associated risk, it is crucial to implement a stop loss at 45067. A stop loss serves as a predetermined price level at which the short position is automatically exited to limit potential losses. By adhering to a disciplined risk management approach, traders can protect their capital in case the market moves against their anticipated direction.
Furthermore, it is important to note that traders have multiple avenues to take advantage of this opportunity. They can either short BANKNIFTY JULY FUTURES, which involves selling futures contracts tied to BankNifty, or alternatively, they can opt to buy BANKNIFTY JUL 45000PE options. The latter refers to purchasing put options with a strike price of 45000, expiring in the last month, to benefit from potential downside movements in BankNifty.
Engaging in short-selling or buying put options can provide traders with an alternative approach to capitalize on the anticipated decline in BankNifty. It is worth considering these strategies for potential gains while keeping risk management in mind.
Please note that investing or trading in the financial markets carries inherent risks, and it is essential to conduct thorough research and seek advice from qualified financial professionals before making any investment decisions.
Banknifty future chart analysis for 30.06.2023As you are seeing here after breaking down long trend it went into making declining wedge
now it also broke out wedge upside.
if price goes above 44516 today , then there is high chance that it will achieve all the levels and
may reach 45466 within a day or two.
in downside if it goes down below 44205 there is a high chance that it will test wedge's upside trend
but if it goes down inside wedge again then you may see 43328 level again.
#banknifty"Good morning! As of June 28th, the global market is showing a positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a minor correction for rally continuation. Alternatively, if the correction breaks the Fib level of 38%, it might turn the range market into a correction."
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!
