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Bnfanalysis

Bank NIFTY trading at support Bank Nifty is trading at support around 47750 zone. Considering the trading holiday on Wednesday 17/04/2024. BNF expiry will be tomorrow. BNF is now in a support zone of 47750 if broken we can expect a fall till the below two support zones Support 1 47750 Support 2 47400 If BNF moved in a uptrend, considering the globe cues take the trades cautiously as we can see more OI in call side. Resistance for uptrend Resistance 1 48100 Resistance 2 48250
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NSE:BANKNIFTY
by Shree_Traders
3
BANKNIFTY - Whats Next This is my study and not any kind of trade recommendation. Undoubtedly BNF is positive, above all moving averages. As per indicators - it is clear buy - looking at the trend from the past few weeks and especially the speed it reached current levels after recent Election results. Trendline on Weekly time frame - OCT-2022 top to now, we see - there is some possibility of small correction possible, before taking of this high. Another View : Breakout Triangle : July 2022 breakout triangle formation should take us expected target of 48,000 once the current trend line is crossed. Another View : Raising Wedge : If we consider July-2023 high and this week's high - for raising Wedgle -- any reversal from here should see a small correction. Another Wedge Formation: Considering this Wedge format, we should see 48,000 before any correction. Either way- we are close to the top and need to be cautious before taking the trade.
NSE:BANKNIFTY
by rvc8280
BANK NIFTY TARGETS based on important support resistance levelsNSE:BANKNIFTY banknifty is approaching the crucial trendline of daily timeframe from which we have been getting huge corrective moves everytime bank nifty touched the trendline in past, current resistance zone of bank nifty is between 40690/40839. above that zone next resistance is very important is it collides with the trendline and can possibly trigger the next corrective fall if respected by banknifty, next and crucial resistance zone is between 41100/41208, max 41292, if bank nifty breaks the crucial resistance zone then it will be breaking the trendline as well if that happens then we can see arget of 41600/41700levels in next 2 days after retesting the resistance levels as support.
NSE:BANKNIFTY
by ajinkyadiwakar717