Technical Analysis of Bank Nifty for 09/10/23 Support Levels: 44200/44000 Resistance Levels: 44500 (big resistance), 44700 Open Interest Analysis: Resistance Levels: 44400/44500 Support Levels: 44300/44200 Overall Analysis: The technical analysis and open interest analysis are both in agreement that the key support and resistance levels for Bank Nifty on 09/10/23...
Banknifty has been taking support from the 20 ema on the weekly charts and has closed above the level this week too. It is respecting the crucial levels and has closed 223 point lower on the weekly charts. There were gap up and gap down this week and didn't gave any intraday opportunity for an option buyers. The market has closed between both the moving...
BANKNIFTY Intraday Trade Setup For 09 Oct 2023 Bullish-Above 44505 Invalid-Below 44395 T- 44770 45040 Bearish-Below 44240 Invalid-Above 44350 T- 43995 43800 BANKNIFTY has closed with a slight cut of 0.5% last week. As per volume profile 43900 was the discussed level last week. Now resistance as per volume profile from 15 Sep High is 44650-750 zone. It has...
As 2 days goes by but primium does't risk as market trapped many sellers as to gave a brackout 2 days earlyer from past 2 days consolidation we can see people are looseing nmoney consistenly But as they will close there trade if market opens high tommorow so as only buyer wiil stay or buy at that zone Market will come down to hunt there sl but in another...
BankNifty important levels to watch are as follows #Support: 44180 Sell below: 44180 only on 15 minute candle closure below the level. Target 1: 44050 Target 2: 43850 #Resistance: 44390 Buy Above: 44390 only on 15 minute candle closure Above the level. Target 1: 44525 Target 2: 44740 => # Remember each level will act as a support and resistance...
An on Neck BO hsa been confirmed on the daily chart of NSE:J_KBANK One can create a fresh position in the scrip near cmp of Rs. 92.85 or below with stop loss of Rs. 84 for the traget of Rs. 101/109 Exit the position if the stop loss is triggered on DCB. If you agree with the idea then hit the airplane icon and don't forget to follow me to get all the latest...
"Good morning, friends! As of October 6th, we have an RBI monetary policy meeting scheduled for around 10 am. Therefore, the technical structure is not as important, as the markets will largely react to the news. These moves may be very volatile, so it's advisable to approach your positions with caution. However, this represents the current market sentiment. The...
Good Morning Guy's Banknifty opened on gap up but witnessed consolidation for most of the day and closed at 44213, On the hourly chart, indicator showing positive divergence and crossover, which is bullish sign in Banknifty. We can expect Banknifty towards 44800/45000 in coming days. GIFT nifty also showing gap up opening, global market is looking good, we can...
BankNifty is under performing Nifty from last a few trading sessions but if sustains above 44300 we expect to see some up move and more strength above 44400 can be seen. Expectations: Volatile Day Intraday Levels: Buy Above - 44300 Sell Below - 44100 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
BANKNIFTY Intraday Trade Setup For 06 Oct 2023 Bullish-Above 44400 Invalid-Below 44290 T- 44625 44815 Bearish-Below 44100 Invalid-Above 44210 T- 43850 43650 BANKNIFTY has closed with 0.57% gain today contributed by the gap up. It opened with a big gap up and 10 o'clock range was to be used, range broke downside below 44145 which hit around 90 points sl. There...
Banknifty Intraday Prediction Levels for 6 Oct 2023 The chart indicates 15 min time frame. These Levels are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone. Resistance- 44320 Support- 44110 These levels act as support and resistance. You have to trade according to level breakout or...
BankNifty Analysis BankNifty had a similar chart pattern as that of Nifty. An opening gap-up of 272pts ~ 0.6% and then a 2nd leg of rally from 10.30 of 279pts ~ 0.63%. The only difference I saw was that after the day’s high was hit - BankNifty started falling gradually whereas Nifty went flat. Tomorrow’s RBI MPC outcome at 10.00 might be interesting. We would...
**Technical Analysis for Bank Nifty - October 6, 2023** **Support Levels:** 44100, 43995 **Resistance Levels:** 44414 **Overall Analysis:** The Bank Nifty is expected to trade in a range tomorrow, with support at 44100 and 43995, and resistance at 44414. The index is currently trading in a range between 44000 and 44400, and it is likely to remain within this...
Banknifty is trading below the moving average and has formed a doji candle on the daily charts. After an initial gap up the market consolidated in a range and was range bound causing serious decay in the option premiums. Even the markets consolidated on the weekly expiries and there are now high chances of a trend move in the market. On the hourly charts,...
BankNifty important levels to watch are as follows #Support: 43880 Sell below: 43880 only on 15 minute candle closure below the level. Target 1: 43780 Target 2: 43620 Target 3: 43475 #Resistance: 44045 Buy Above: 44045 only on 15 minute candle closure Above the level. Target 1: 44140-44155 Target 2: 44290 Target 3: 44470 => # Remember each level will act...
Banknifty Intraday Prediction Levels for 5 Oct 2023 The chart indicates 15 min time frame. These Levels are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone. Resistance- 44105 Support- 43875 These levels act as support and resistance. You have to trade according to level breakout or...
The FASP for BankNifty is listed for 05-10-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Expectations: Volatile Day Intraday Levels: Buy Above - 44050 Sell Below - 43850 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team