Today will be gap up opening in banknifty. After opening if it is sustain above 36050 level then expected upside rally of 400+ points in banknifty. This rally can extend for further 400-500+ points in case banknifty gives breakout of 36550 level. Any major downside possible only below 35950 level.
BankNifty opened with a gap-up at 36316 and after making a low around 36260 in first 15 mins BankNifty went towards 36600 zones but it was trading in a small range with low volume so nothing much for Option Buyers.
Trades we took today -
> Bought BankNifty 36200 PE at 190 which we booked with 5 points loss
> Bought BankNifty 36400 CE at 200, and added more at...
Today will be gap up opening in banknifty. After opening if it's sustain above 36550 level then expected upside rally of 400-500+ points in banknifty. This rally can be extend in case it's starts trading above 37050 level for further 400+ targets. Any downside possible only below 36450 level.
Market has consolidated on the last trading day in a very narrow range.
Bank nifty opened nearly 600 point above the previous closing and consolidated forming a triple top in a hourly time frame.
Support level of day was formed near 36470 and during the closing hour it slipped down and closed below the support level.
Support :- 36375, 36267
Resistance :- 36650,...
Bank Nifty also showing strange from few days after strong resistance on daily chart and buying from FII has started buying in Indian Market.
Monday once BN cross above 36594, we can see good up move.
Resistance
36614
36677
36850
37000
37357
Support: Below 36372
36270
36000
36921
36891
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Disclaimer
I am not sebi...
Chart Analysis Updated on 17 March for Trading on 21 March , Next Expiry 23 March 2022
For Daily Banknifty Levels Update Search - trading with Manoj Shinde 27485
As we seen in today's session BNF just roaming in a 200-250 points range. In tomorrow session, BNF can come out from sideways trend and do a good Up-side rally as expected.
Up-side movement will only be possible if price break the resistance zone and start trading above the same. Otherwise it would be less difficult to go in a down-trend for BNF.
Read the chart...
Today will be gap up opening in banknifty. Expected opening near 36000 level. After opening if it's starts trading above 36050 level then expected upside rally of 400-500+ points in banknifty. Downside 35550 level will act as an important support for today's session
Banknifty will open gap up in today's session. After opening if it's sustain above 35050 level then expected upside rally upto 35450 level. This rally can extend in case banknifty starts trading above 35550 level. Any downside possible if banknifty not sustain above level and starts trading below 34950 level.
Bank Nifty too bounced back from key support of 34800 during the close and managed to close below the next day CPR levels.
We have an inside CPR setup in BN where in we can expect some good movements tomorrow.
As of now the global parameters are hinting a possible gap up opening in Bank Nifty around R1 resistance.
If Previous day high is taken on the upside and...
BankNifty opened with a small gap-up and after taking support at 34620 zones we saw a tending upmove towards 35400 zones.
Trades we took today -
> Bought BankNifty 34100 PE at 30, it went above to our 2nd Target 410 and Traders booked great profit
> Bought BankNifty 35200 CE at 390, it went above to our Last Target 500 and Traders booked great profit
> Bought...
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(22/03/2022)](https://s3.tradingview.com/g/GFgeuscR_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(22/03/2022)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(21/03/2022)](https://s3.tradingview.com/e/ECkDolNO_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(21/03/2022)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(17/03/2022)](https://s3.tradingview.com/n/nIAswgmV_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(17/03/2022)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(16/03/2022)](https://s3.tradingview.com/u/UiSyIsGP_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(16/03/2022)")
