After four trading sessions, the Bank Nifty found support at the 44,400 level and concluded the day on a positive note. For the Bank Nifty to sustain this momentum, it will be essential to overcome the resistance at the 45,000 level. Failing to breach this level could lead to a retest of support at 44,400. Given the prevailing weak global cues, there is a notable...
BankNifty important levels to watch are as follows
#Support: 44550
Sell below: 44550 only on 15 minute candle closure below the level.
Target 1: 44400
Target 2: 44200
#Resistance: 44675
Buy Above: 44675 only on 15 minute candle closure Above the level.
Target 1: 44800
Target 2: 44950
#Remember each level will act as a support and resistance individually...
Bank Nifty Spot : 44612 Watch Option Strike : 44700 CE & 44700 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance...
BankNifty Analysis
The real reason Nifty50 went sharply up from 11.00 to 13.30 was due to banknifty. In the same period BN added 534pts ~ 1.20%. The spikes in most banks did not have a natural rhythm to it. Most likely this may be due to some news event. I was not able to find any relevant trigger post market hours also.
The chart patterns were similar on...
Bank Nifty completed 5 wave up & is in ABC completion where A is looking to take support in range of 44,550 -44,444 levels. Late shorts , plz be careful as we will soon look for short term bounce in B up ( marked on Chart).
BankNifty important levels to watch are as follows
#Support: 44600
Sell below: 44600 only on 15 minute candle closure below the level.
Target 1: 44410-44400
Target 2: 44220-44200
#Resistance: 44720
Buy Above: 44720 only on 15 minute candle closure Above the level.
Target 1: 44850
Target 2: 45040
#Remember each level will act as a support and resistance...
Good Morning Traders.
Guy's Banknifty fell 761 points in yesterday's session. It plunges almost 1.7% in just intraday and end at 44624 and formed a long bearish candlestick pattern on the daily time frame. Banknifty fell down below 45000 mark for the first time in several days. Relative strength index signalled bearishness with a bearish crossover on the daily...
BankNifty important levels to watch are as follows
#Support: 45300
Sell below: 45300 only on 15 minute candle closure below the level.
Target 1: 45130
Target 2: 44870
#Resistance: 45460
Buy Above: 45460 only on 15 minute candle closure Above the level.
Target 1: 45690
Target 2: 45980
#Remember each level will act as a support and resistance...
Bank Nifty again at important levels because of HDFC Bank & ICICI Bank. These 2 will decide in which direction this index move. I sense HDFC Bank will be in side ways or move in range till it's result. After result market will decide that merger HDFC Bank is hit or flop till than some negative & sideways move will be there. Do not forget US market also they will...
Good Morning Everyone.
Banknifty Declined 252 points on last trading session due to profit booking in last hour and given closing at 45980, and formed a bearish candlestick pattern with a minor upper shadow on the daily timeframe. Today Global market looking mix to bearish side. We can also see kind of similar market in today's session. if bank nifty hold...
Good Morning everyone,
Bank nifty, had opened in gap down in yesterday session, and after that it remained under pressure throughout the session, impacted by HDFC bank. Banknifty felled almost 595 points, and formed a bearish candlestick pattern with a long upper shadow and minor lower shadow on the daily charts. Banknifty breached the key support levels of...
BankNifty Weekly Analysis
Between the last expiry and today, banknifty has fallen only 0.98% ~ 451pts. Today’s fall was much higher than that ~ 595pts. Most importantly we had a top like formation that got completed this week. And since Banks turn first - we can always consider it as a leading indicator during trend reversals.
BankNifty Today Analysis
The...
Today will be gap Down opening in BANKNIFTY . After opening if banknifty start trading below 45950 level then possible downside rally of 400-500 points upto 45550 Level. And this rally can extend for another 400 points if it gives breakdown of 45450 level. Any Major upside only expected in case banknifty starts trading above 46050 level.
As you can see here that bollinger bands already burst in 30 minutes time frame
near next strong support at 45895, if this support breaks down there is a high
chance that banknifty future will take support at 0.5% fibonacci support.
and may may take good upmove from there.
if price takes support on 45895 , the you may see a sideways again
crossing above 46165 ,...
BankNifty Analysis
Banknifty showed more negative sentiment than Nifty. In Fact it is hard to digest that Nifty was staying strong when BankNifty, NiftyIT and Reliance were down. Quite a rare day.
Recap from Friday: “For monday I wish to maintain the bullish stance and would like to reverse and go short only if the 45910 levels are getting taken out.” . Not...
Bank Nifty making Rounding Bottom Pattern on Daily time frame or will make cup & handle pattern let's wait & watch… breakout level for Bank nifty will be 46444. Some important news will be there from government side & world market are also at some crucials levels watch carefully. Trade with stoploss & proper risk management. Happy trading
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(20/09/2023)](https://s3.tradingview.com/h/hTFbc9Un_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(20/09/2023)")
