We can see a gap up opening of BANNIFTY and we can see the opening around 33000. If we see an opening of 33000 then intermediate support will be32816 and intermediate resistance will be at 33197.
SUPPORT 1: 32400
SUPPORT 2: 32816
RESISTANCE 1: 33197
RESISTANCE 2: 33600
NIFTY OPTIONS TO WATCH
33500 CE 8 APRIL
32000 PE 8 APRIL.
Today will be gap up opening in banknifty. Possible it will open 33000 level. If it is sustain above this level then expected upside 500-1000 move. Further weakness possible if trading below 33000 level.
As we analyzed for weekly expiry, BankNifty gave a volatile move around 1 PM which triggers the Buy Trade as per setup and hit all the targets.
Trades we took today:
> Sold Indusind Bank at 973 in the morning and booked profit
> Sold BankNifty 33300 PE which hit the SL
> Bought Reliance Industries at 2008 and booked profit
> Bought SBI at 364 with 1 point of SL...
As mentioned from previous days BN will be bullish only after 34000
After a bull trap on Thursday BN corrected more than 1500 points today!
Immediate Resistance: 33300
Immediate Support: 32200
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Regards,
Trade Leader
There seems to be uncoupling between the Asian And Indian Market. A time of concern for the Market.
BankNifty 05.04.2021 Outlook – Expecting a flat BankNifty movement
Market’s Next Key Levels –
Resistance:
R1: 33208 R2:33950 R3: 33949
Support:
S1: 32330 S2: Expecting a huge fall May be a Carnage
Points to Look Out –
1. Bond...
All Levels Provided in The Chart Itself.
Inverse Head and shoulders pattern formed in Bank Nifty in 1-hour timeframe.
Inverse Head and Shoulder is also known as Inverted Three Buddha Pattern/ Three Buddha Bottom.
Strict COVID-19 rules in Maharashtra imposed.
HDFC bank is weak due to its Net Banking issues.
Other Banks are very strong.
But HDFC has a high...
Today will be slightly gap up opening. If banknifty trading and sustain above 34000 level then expected strong upside move towards the 34400-34500+ level. 33500 will act as a strong downside support.
Banknifty on Monthly breakout channel trend
bank nifty important monthly levels
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Disclaimer: Only for educational and learning purpose
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BANK Nifty April Future Outlook – Bullish on 45 min Time Frame
Market’s Next Key Levels –
PLEASE HAVE A LOOK IN THE VIDEO
Points to Look Out –
1. Bond Market.
2. Global Market.
3. Commodity Market.
After 3 days closing market is opening tomorrow there will be a...
The analysis is given on the chart
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I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and...
Hi Traders,
As the title is suggesting a clear view of this post, You can see the whole detail in the video link given in the comment box below.
Yogesh vats
Analyzing BankNifty on the hourly time frame and it is looking to heading towards the upper blue line.
First Target for the Buy trade would be 34320 and then 34900 odd levels.
If BankNifty tests the lower Blue line again, that can be another Buy opportunity with minor 100-200 points of SL for bigger targets.
To motivate me, Please like the idea If you agree...
As said earlier BN will be bullish when it crosses 34000
BN is still in Neutral mode !
Immediate Resistance:34000
Immediate Support: 32800
Trade with Stoploss!
Only for Information & Educational Purpose!!
Regards,
Trade Leader
The market is unpredictable; hence prepare yourself accordingly.
Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
As we analyzed, BankNifty opened near our sell level 33780 and it was a trending day for Put Buyers and BankNifty Futures sellers.
Expectations for Tomorrow: Range bound day, volatility after 1:00 PM.
Resistance: 33670
Support: 33050
Intraday Levels:
Buy Above 33500
Sell Below 33150
To motivate me, Please like the idea If you agree with the analysis.
Happy...
Today expected slightly gap up opening in banknifty. Possible it will move upside of 400-500 points if breakout and sustain above 33500 level. There have reversal chances if trading below 33450 level.
![BANKNIFTY: [INTRADAY] BANKNIFTY PE & CE Levels(06/04/2021)](https://s3.tradingview.com/5/5ID5wdqA_mid.png "[INTRADAY] BANKNIFTY PE & CE Levels(06/04/2021)")
![BANKNIFTY: [INTRADAY] BANKNIFTY PE & CE Levels(05/04/2021)](https://s3.tradingview.com/0/0oBLbZgr_mid.png "[INTRADAY] BANKNIFTY PE & CE Levels(05/04/2021)")
![BANKNIFTY: [INTRADAY] BANKNIFTY PE & CE Levels(01/04/2021)](https://s3.tradingview.com/d/Dh2xrIY8_mid.png "[INTRADAY] BANKNIFTY PE & CE Levels(01/04/2021)")