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...
My view on Bank nifty for 03 Jul 23 Bank nifty will be bullish if opens above 44800. Bank nifty will be bearish if opens below 44700.
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...
15 min resistance with a 4 points SL target of 100 points. The R-R is always low in my trades.
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...
Observe where the day opens tomorrow. Price action should be watched, and a decision taken accordingly. Will try and give some live market updates. Keep following to understand the significance of these lines drawn and how and why these lines are very important. Please go through the previous charts and check the price action and how these lines responded vis a...
Observe where the day opens tomorrow. Price action should be watched, and a decision taken accordingly. Will try and give some live market updates. Keep following to understand the significance of these lines drawn and how and why these lines are very important. Please go through the previous charts and check the price action and how these lines responded vis a...
Banknifty on the daily charts has formed a doji near the high and finally crossed but couldn't sustain above 44500 levels. Market after a gap up opening came for a gap filling and consolidated whole day being expiry in the second half. There was both side movement as there was expiry and option premiums too where volatile whether it was call or put. During the...
Nifty Bank Trading Opportunities in Intraday Trading Nifty Bank Price levels where the Buying and selling Pressures are Expected to be Strong Support Zones for Nifty Bank are as Given Below S1- 44245 S2 - 43145 S3 - 43940 Resistance Zones for Nifty Bank are as Given Below R1- 44460 R2 - 44670 R3 - 44870 Nifty Bank Option...
Quarterly Analysis of BankNifty — 31 Mar 2023 to 28 Jun 2023 Banknify gained an impressive 4412pts ~ 11.05% in Q1 FY2023–24. During this process it took out 11 crucial resistance points to finish at the ATH. The upmove was quite strong till 15th May after which BN started trading sideways. Status quo changed on 27th when it broke through the final resistance point...
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...