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Bankniftytrend

Axis BankAdjusted Target of Axis Bank. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:AXISBANKLong
by sreekumars
BankNifty Intraday Support & Resistance Levels for 18.09.2024On Tuesday, BankNifty opened with a gap up and traded within a narrow 200-point range throughout the day, closing at 52,188.65, gaining 35 points. The 15-minute ascending trendline mentioned in the previous post was broken in the first 15 minutes, but no significant drop followed, indicating that the bulls still have the strength to hold the index. The Weekly Trend (50 SMA) remains positive, and the Daily Trend (50 SMA) is also positive. Support and resistance zones are unchanged. Demand/Support Zones: Near Demand/Support Zone (15 min): 51,514.55 - 51,613.95 Far Demand/Support Zone (75 min): 51,025.00 - 51,222.65 Far Demand/Support Zone (75 min): 50,564.65 - 50,760.55 Supply/Resistance Zones: Near Supply/Resistance Zone (Daily): 52,145.60 - 52,586.75 (current price inside the zone) Far Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70
NSE:BANKNIFTY
by PriteshPal
Kotak Mahindra BankAll important points are marked. Do own studies before investing in equities. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:KOTAKBANKLong
by sreekumars
Axis Bank LtdAll important points are marked. Do own studies before investing in equities. 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
NSE:AXISBANKLong
by sreekumars
BankNifty Intraday Support & Resistance Levels for 17.09.2024On Monday, BankNifty opened with a gap up, hitting a high of 52,208.70, entering the daily Supply zone mentioned in the last post, and closed at 52,153.15, gaining 215 points. Keep a close eye on the 15-minute ascending trendline. Any significant red candle (with 75% of the candle body below the trendline) breaking and closing below it could drag BankNifty down to 51,618 (15-minute Demand/Support Zone). The Weekly Trend (50 SMA) remains positive, and the Daily Trend (50 SMA) has shifted from sideways to positive. Support and resistance zones remain unchanged. Demand/Support Zones: Near Demand/Support Zone (15 min): 51,514.55 - 51,613.95 Far Demand/Support Zone (75 min): 51,025.00 - 51,222.65 Far Demand/Support Zone (75 min): 50,564.65 - 50,760.55 Supply/Resistance Zones: Near Supply/Resistance Zone (Daily): 52,145.60 - 52,586.75 (current price inside the zone) Far Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70
NSE:BANKNIFTY
by PriteshPal
13 Sep 2024 - 51400 levels very important for BankNifty tradersBankNifty Stance Bullish ️⬆️ Everything was looking very bearish last week, but the price action on the 9th came as a surprise. By the 10th of September, the bears had given up its hold and the next target was to take out the 51400 so that the bulls could show their dominance. The breakout from the 51400 level happened on the 12th wherein BN rallied an impressive 692pts ~ 1.35%. If you remember our 23 Aug technical analysis report, you may be able to understand why the 51400 level was so important. The breakout just cemented the position of the bulls. Our stance for the next week has been changed to bullish. Again 51400 levels become the new support level below which we will go neutral.
NSE:BANKNIFTYLong
by viswaram
BankNifty Intraday Support & Resistance Levels for 16.09.2024On Friday, BankNifty opened with a gap up, reaching a high of 51,994.10 and remaining within a narrow range, closing at 51,920.90, gaining 165 points. The weekly close was above both the previous week's and the month's high. If last week's low of (50369.40) holds, we could see further upward movement and potential new highs in the coming weeks. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is currently sideways. Demand/Support Zones: Near Demand/Support Zone (15 min): 51,514.55 - 51,613.95 Far Demand/Support Zone (75 min): 51,025.00 - 51,222.65 Far Demand/Support Zone (75 min): 50,564.65 - 50,760.55 Supply/Resistance Zones: Near Supply/Resistance Zone (Daily): 52,145.60 - 52,586.75 Far Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70
NSE:BANKNIFTY
by PriteshPal
Markets Gear Up for FED: Nifty & Bank Nifty Reflect OptimismNifty has created a 500 points flag pattern on a 30 mins chart, breakout is above 25385 level, if thats done then we should see a strong move till 25800-26200-26400 levels. Bank Nifty has to catch up, it has also shown strength in last week, 52200 is a crucial zone, any close above it will give Bank Nifty open doors for 53150 level and above that 54150 level can be seen. On down side we can see 51700 - 51400 as strong support
NSE:BANKNIFTYLong
by Nimble_Pesos
BankNifty Intraday Support & Resistance Levels for 13.09.2024On Thursday, BankNifty decisively crossed the 51316 level (61.8% FIBO mentioned in previous posts) with strong volume, reaching a high of 51878.10 before closing at 51772.40, gaining 762 points. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support zone (15m): 51514.55 - 51613.95 Near Demand/Support zone (75m): 51025 - 51221.95 Near Demand/Support zone (75m): 5064.55 - 50760.55 Far Demand/Support zone (Weekly): 49530 - 50253 Resistance Levels: Near Supply/Resistance Zone (Daily): 52145.60 - 52586.75 Far Supply/Resistance Zone (Daily): 53103.70 - 53357.70
NSE:BANKNIFTY
by PriteshPal
BankNifty Intraday Support & Resistance Levels for 12.09.2024On Wednesday, BankNifty reached a high of 51420.15, touching the 125m supply zone mentioned in the previous post, before dropping over 450 points to close at 51010. A breakout above 51316 (61.8% FIBO retracement level) with volume could open the door to higher levels at 51750 - 52340. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 50564 - 50715 Far Demand/Support Zone (Weekly): 49530 - 50253 Far Demand/Support Zone (125m): 49681 - 49798 Resistance Levels: Near Supply/Resistance Zone (30m): 51445 - 51497 Far Supply/Resistance Zone (30m): 51665 - 51732
NSE:BANKNIFTY
by PriteshPal
BankNifty Intraday Support & Resistance Levels for 11.09.2024On Tuesday, BankNifty opened with a gap up inside the 15m supply zone mentioned in the previous post and dropped 370 points from the top. It later recovered from the low, making a day high of 51366 before closing at 51272.30. A crossover above 51316 with volume could push BankNifty towards 51750 - 52340. The weekly trend (50 SMA) remains positive, and the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 50564 - 50715 Far Demand/Support Zone (Weekly): 49530 - 50253 Far Demand/Support Zone (125m): 49681 - 49798 Resistance Levels: Near Supply/Resistance Zone (125m): 51405 - 51512 Far Supply/Resistance Zone (30m): 51665 - 51732
NSE:BANKNIFTY
by PriteshPal
BANKNIFTY1! // Levels // 1 hour "Welcome to SkyTradingZone " Hello Everyone 👋 Here are some levels for the Bank Nifty: R1: 50,701.97 Pivot: 50,301.08 S1: 50,040.02 R2: 50,963.03 S2: 49,639.13 R3: 51,363.92 S3: 49,378.07 The Bank Nifty is a benchmark index that tracks the performance of the top 12 banking and financial stocks in India. You can trade Bank Nifty index futures on futures exchanges like NYMEX and CBOT. Retail investors and traders can also trade futures electronically through a broker.
NSE:BANKNIFTYLong
by SkyTradingZone
BankNifty Intraday Support & Resistance Levels for 10.09.2024On Monday, BankNifty opened with a gap down but rebounded more than 800 points from the day’s low, reaching a high of 51192.75 before closing at 51117.80. A breakout above 51316 with strong volume could push BankNifty higher towards 51750 - 52340. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Minor Demand/Support Zone (15m): 50564 - 50715 Far Demand/Support Zone (Weekly): 49530 - 50253 Far Demand/Support Zone (125m): 49681 - 49798 Resistance Levels: Near Supply/Resistance Zone (15m): 51201 - 51375 Far Supply/Resistance Zone (125m): 51405 - 51512
NSE:BANKNIFTY
by PriteshPal
BankNifty Intraday Support & Resistance Levels for 09.09.2024On Friday, BankNifty opened gap down and, under heavy selling pressure, fell over 1000 points before closing at 50576.85, losing 960 points. Currently, BankNifty is in the daily demand zone (50333 - 50772). If it breaks below this level, we might see a decline towards 49800 and lower. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (Daily): 50333 - 50772 Far Demand/Support Zone (Weekly): 49530 - 50253 Far Demand/Support Zone (125m): 49681 - 49798 Resistance Levels: Near Supply/Resistance Zone (30m): 50740 - 50862 Far Supply/Resistance Zone (15m): 51201 - 51375 Far Supply/Resistance Zone (125m) for weekly trade: 51405 - 51512
NSE:BANKNIFTY
by PriteshPal