Banknifty Important intraday levels are as follows,
#Support: 44700
Short if 15 minute candle closes below 44700. Scalpers may use 5 minute candle closing.
#resistance: 44790
Long if 15 minute candle closes above 44790. Scalpers may use 5 minute candle closing.
#Targets on downside after break of support:
Target 1= 44600
Target 2= 44450
#Targets on upside...
Banknifty is taking rejection from long time trend line resistance. If banknifty opens gapup and and sustains above this level we can see good move towards 45000 level. But there is a catch there is a strong rejection on trendline at 44971 from monthly timeframe.
Buy above 44811 target 44970, 45123
sell below 44666 target 44613, 44544,4444
A bullish candle on the weekly time frame, show some positivity in the indian markets and the indices are forming new ATH.
Banknifty has given a nice movement and closed n around 44750 levels. It has been giving gap up and momentum after even the gap up.
On daily charts, market has crossed the 20 ema and given nice momentum of 1100+ points in previous...
The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential...
Banknifty is expected to test higher prices in the coming few days .
After a long consolidation and breaking out from the resistance area of 44,400 .
Follow @piyushrawtani for more! =)
Banknifty is moving very slow compare to nifty.
Nifty has reached its target of the consolidation zone range it was trading in last week & before its breakout.
Banknifty is yet to reach its consolidation target range i.e 45600 levels.
Best way to trade for this target is keeping friday's low as SL and targeting 45600.
However on intraday' wait for a dip for...
Banknifty Important intraday levels are as follows,
#Support: 44260
Short if 15 min candle closes below 44260.
#resistance: 44500
Long if 15 min candle closes above 44500
#Targets on downside after break of support:
Target 1= 44090,44000
Target 2= 44000
Target 3= 43850
#Targets on upside after break of resistance:
Target 1= 44650-44670
Target 2 =...
Comparing with N50, banknifty did close the gap-up opening. Looking at the opening minutes I felt BN had more inclination to fall into the trading range of the previous day, but the way in which NiftyIT was surging - BN would have changed the mind to play along.
BN also hit a new all time high of 44787.1 today, but the thrust to go up was not as convincing as...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction...
Nifty is at ATH but BN yet to close above ATH.
It still shows the attempt buy bulls, but struggle here is for real.
there is a possibility to open gap up go lower on intraday and then reverse from resistance turning to support and close above ATH.
combining it with nifty a pull back for retest is due, so that makes sense.
Let bears digest the fact they failed,...
BankNifty, the banking index in the Indian stock market, currently shows a promising setup for short selling. Based on technical analysis, it is recommended to consider initiating short positions within the range of 44508-44722. This range is believed to offer favorable selling opportunities in the market.
The primary profit targets for this short-selling...
It is clear from above that Bank Nifty has attempted several times to sustain above
"44,520" level but failed. A beautiful Supply has been formed on 1Hr TF, so above supply "Bullish" & below supply "Bearish" or "Range Bound"
Bank nifty ended in range bound on expiry day. Today if it breaks 44500 level then we can see up to 44800 level. There is a trendline rejection from 44715 to 44831. if it breaks these levels then we can see 45000 level. As finnifty would also cross the 20000 level at the same time.
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. Any Major downside only expected in case banknifty starts trading below 44450 level. also possible Reversal upside from 44050 level.
"Good morning! As of June 30th, there is no significant difference compared to the last session. the global market is showing a positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a minor correction for rally continuation. Alternatively, if the correction breaks the Fib...
As you are seeing here after breaking down long trend it went into making declining wedge
now it also broke out wedge upside.
if price goes above 44516 today , then there is high chance that it will achieve all the levels and
may reach 45466 within a day or two.
in downside if it goes down below 44205 there is a high chance that it will test wedge's upside...
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(30/06/2023)](https://s3.tradingview.com/9/9TeMXWW5_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(30/06/2023)")
