BankNifty opened with a big gap-down around 35550 due to Russia Ukraine uncertainty. We saw a follow-up selling in BankNifty and it made low at 34900 zones which was also support zones and we also saw more than 500 points short-covering move from lower levels.
Trades we took today -
> Bought BankNifty 35300 PE at 430, it went above our 2nd Target 500 and Traders...
Today will be slightly gap up opening in banknifty. After opening if it is sustain above 35550 level then expected 400-500+ points upside rally. Downside will be possible below 35450 level. For today's session 35050 will act as an important support for today's session. Any major downside will be there in case it starts trading below 34950 level.
If we see a gap up openeing and Banknifty opens Above 35800 then we can see Banknifty will test 36475 or 200EMA on 15min Chart.
If we see a Gap down and if Banknifty breaches 35020 level and atleast trade for 30mins then we can easily see further decline upto 34000 in coming days
BANKNIFTY RESISTANCE LEVEL
36122
36475
36806
BANKNIFTY SUPPORT LEVELS...
NSE:BANKNIFTY
bank nifty is at crucial level . it has good support between 34800-34300 level it is most strong support and last hope for buyers . You can call it as a last line of defense for buyers .
We can also identify multiple time tested trandline coming from upside . this trend line and flat support area is making good triangle pattern in Bank nifty . it...
Today will be gap down opening in banknifty. Expected opening near 36000 level. After opening if it's starts trading below 35950 level then possible further downside of 400-500 points and this can extend upto 35000 level if banknifty not sustain at 35550 and starts trading below 35450 level. Upside movement only possible if it is sustain above 36050 level.
Sharing Long Trade Analysis for Tuesday trading session.
There are buying level and targets levels mentioned on the chart.
If BNF crossed the Resistance zone by Gap-Up then the only chance will be create for buying.
For Short trade levels please see my previous study that are linked with this chart.
Thanks
Gap down opening in baninfty. After opening if its starts trading below 35950 level then expected further downside of 400-500+ points. Any upside rally possible only if banknifty starts trading and sustain above 36550 level.
Today will be gap up opening in banknifty. After opening expected it will retrace upto 36000 level and possible further downside upto yesterday's low. In case banknifty starts trading below 34950 level in today's session then possible strong downside of 400-500+ points and this can extend if not sustain at 34550 level.
NSE:BANKNIFTY
First short till PZR as per your trade setup then on reversal one can long.
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of...
Today will be gap down opening in banknifty. Expected opening below 37000 level. After opening if it's starts trading below 36950 level then expected further downside of 400-500+ points in banknifty. Any upside rally only possible above 37550 level.
37800 will act as a major resistance for tomorrow. On the downside, 37000 will act as a strong support. The DAILY TRENDLINE is acting as a support that should be sustained in order for Bank Nifty to be in the neutral to bullish territory. If it breaks the 1H TRENDLINE, then a major conformation can be anticipated that it will be bullish when it goes above 37800 zone.
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(03/03/2022)](https://s3.tradingview.com/y/YCESjzwM_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(03/03/2022)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(02/03/2022)](https://s3.tradingview.com/r/RlDTscKh_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(02/03/2022)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(28/02/2022)](https://s3.tradingview.com/v/VURSFvVo_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(28/02/2022)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(25/02/2022)](https://s3.tradingview.com/q/Q09lmy0h_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(25/02/2022)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(24/02/2022)](https://s3.tradingview.com/7/7EMmkKNT_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(24/02/2022)")
