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Bannifty

"Nifty Rebounds: Key Levels to Watch Now""Nifty has shown a promising rebound, moving above the 23,600 level, which could signal further upward momentum. However, selling pressure may still be present, so we’ll analyze key resistance and support levels to watch in the coming sessions. We’ll also examine indicators that suggest whether this bounce has the strength to continue or if it might face resistance. Stay tuned for insights on potential trading setups as Nifty navigates this critical zone."
NSE:NIFTYLong
by WallStreetmny
Bank Nifty for tomorrow Technical Analysis of Bank Nifty for 09/10/23 Support Levels: 44200/44000 Resistance Levels: 44500 (big resistance), 44700 Open Interest Analysis: Resistance Levels: 44400/44500 Support Levels: 44300/44200 Overall Analysis: The technical analysis and open interest analysis are both in agreement that the key support and resistance levels for Bank Nifty on 09/10/23 are as follows: Support Levels: 44200/44000 Resistance Levels: 44500 (big resistance), 44700 This means that if the market opens gap-up above 44500, it could face resistance at 44700. However, if the market is able to sustain above 44700, it could continue to move higher. On the downside, if the market breaks down below 44200, it could fall to the next support level at 44000. However, if the market is able to find support at 44000, it could rebound. Trading Strategy: Based on the technical and open interest analysis, the following trading strategy could be considered: If the market opens gap-up above 44500, wait for a retest or a sustained 15-minute green candle before taking a bullish position. On the downside, wait for a breakdown below 44200 before taking a bearish position. Risk Management: It is important to always trade with a stop loss and to risk only a small percentage of your capital on any given trade. Disclaimer: This is not financial advice. Please do your own research before making any trading decisions. #stocksexploreslg #stockexplore #stocksexplore #banknifty
NSE:BANKNIFTYShort
by santubittu
Bank Nifty: Wednesday - 14/12/22Levels: Support: 43850, 43575, 43400, 43280, 43000 Resistance: 44000, 44200 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 43946.55 ATM: 43900 , ITM: 43800, 43700, 43600 , OTM: 44000, 44100, 44200 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 44000 Highest OI Put in Bank Nifty per IO data: 43500 Nearest Major Resistance in Bank Nifty per OI data: 44300 Nearest Major Support in Bank Nifty per IO data: 43600 ---------------------------------------------------------------------| Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 44000 | 43900 | 44200 | 44350 ----------------------------------------- SELL | < 43850 | 43950 | 43650 | 43500 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYLong
by pradipandsuvra
Bank Nifty: Thursday - 08/12/22Levels: Support: 43080, 42940, 42800 Resistance: 43240, 43400 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 43098.7 ATM: 43100 , ITM: 43000, 42900, 42800 , OTM: 43200, 43300, 43400 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 43200 Highest OI Put in Bank Nifty per IO data: 43000 Nearest Major Resistance in Bank Nifty per OI data: 43400 Nearest Major Support in Bank Nifty per IO data: 42600 ---------------------------------------------------------------------| Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 43250 | 43150 | 43400 | 43500 ----------------------------------------- SELL | < 43000 | 43150 | 42800 | 42700 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYLong
by pradipandsuvra