Bnfnextmove
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
BANK NIFTY expiry movement prediction with levelsNSE:BANKNIFTY bank nifty buy zell zone movement based prediction, above 44700 bnf can hit the targets market above 44700 and below 44450 we may see 44200/44160 or 44000 zone being retested, be carefull and warch the price action being formed at the buy/sell zones and plan your trades accordingly.
PS- BEST TIMEFRAME FOR THESE ZONES ARE 15 MIN OR 30 MINS ONLY.
BANK NIFTY TO HIT 44200?NSE:BANKNIFTY BANK NIFTY can rally towards 44200 zone if it breaks and sustains above 43920 sell zone, currently trading above the fresh buy zone of 43481/43418 and below the sell zone of 43716/43664.
above 43716 we can trail for the target o 44200 unless bank nifty breaks below the buy zone of 43400 , then we might have to see sideways sessions on daily timeframe .
BNF -> 42.2K Triple Top, Elliot Corrective Wave, RSI Divergence
1. BNF is forming triple top pattern on daily and hourly chart, this can correct till 42200 for further up move.
2. Motive Wave (12345) of Elliot Wave is almost complete, the corrective wave ABC is pending
3. RSI divergence exists at daily chart.
4. If BNF fails to break 44500 decisively, BNF can correct till 42200, so trade with caution
Disclaimer - The above analysis is only for education purpose.
BANK NIFTY INTRADAY LEVELSNSE:BANKNIFTY bank nifty can touch 41750 range if breaks 42015 support zone, can try to short from highs of today for 42015 and 41750 zone , 42015 zone is current support zone and today's highs are fresh+previous import resistance zone.
trade light, manage your risks and reap the profits.
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.
BANK NIFTY INTRADAY LEVELSNSE:BANKNIFTY BANKNIFTY is currently moving sideway, can try for short positions near/at resistance area if we get negative candle near/at resistance area on 15/30 min time frame, can try to hold till today's support, if banknifty seems bearish at support ,then we can give it a shot to achieve target zone.
BANK NIFTY INTRADAY LEVELSNSE:BANKNIFTY BANKNIFTY gave closing just below the important resistance area and is very likely to open negative/gap down, in that case bnf can touch the fresh support created on friday try to retest last resistance of 39991/39999, if broken bnf can touch first target of 40152/40250,
but bnf breaks fresh support /opens below it then we can achieve downside targets by expiry.
if bnf breaks we can test 38437 level.
BANK NIFY TO TOUCH 38800?NSE:BANKNIFTY BANK NIFTY stands at the daily demand zone which has been tested multiple times and can break under current selling pressure, if we get a 15miin/1hr candle close beloe 39400, we can see immdiate target of 38900/38800 level tomorrow or by expiry. newest fresh resistans comes at 40001/40147 which can be retested if bnf tries to move up and from there we can see fall like tomorrow till target level.
bnfTARGETS down side after breaking inverted triangle downsideNSE:BANKNIFTY has broken the inverted triangle downside and has easily achieved the first target of 41162 today, currently treding below previous support and possible to open below today's day low with gap down and race towards 2nd target and further fall till 41600/41500 range
BANKNIFTY 29 AUGUST 2022Guys today onwards i will be posting charts of SPOT instead of FUTURES. As maximum of my followers are demanding it to plot the zones and levels on SPOT, which makes them easy to trade all instruments, as due to Cost of Carry difference between SPOT & FUTURES, they are unable to follow the level on charts.
BANKNIFTY FUTURES 26 AUGUST 2022Bank Nifty opened just above my zone 39225-39174, took support 3 times and bounced from there before finally it broke down and ended far below.
This is the power of zones and levels, hope it helped you a lot, kindly keep taking trading decisions as per my zones, levels and trend lines to get best R:R trades.
BANKNIFTY FUTURES 06 JULY 2022BANK NIFTY TODAY 05-07-22
Did you see mates how Bank Nifty reacted to my levels even in highly volatile panic situation.
Started Gap up, broke the trendline of 34180 with high momentum, but could not even dare to cross my zone of 34401-34467.
Took Reversal from there after distribution of contracts to novice bulls who don't follow the levels and trapping them.
Fell ferociously and ended around my zone of 33878-33810
BANK NIFTY TOMORROW 06-07-22
More and more Bank Nifty is getting volatile, the more zones are coming closer, which will make it move in range and increase volatility.
Best of Luck for Tomorrow, kindly trade around zones and levels with price action confirmation.
NOTE - Don't miss the Up trending channel confluence with zone of 33426-33480, I have marked it on chart.