Bank Nifty Support and Resistance Levels (17/01/2024) #### Support Levels: 1. **Support Level 1:** 48,000 2. **Support Level 2:** 47,800 - If the market breaks below 48,000, it could signal potential downside movement. #### Upside Resistance Levels: 1. **Resistance Level 1:** 48,213 - Waiting for sustained movement above 48,200 could signal a potential...
BANKNIFTY Intraday Trade Setup For 16 Jan 2024 Bullish-Above 48250 Invalid-Below 48140 T- 48620 48950 Bearish-Below 48020 Invalid-Above 48130 T- 47700 47445 BANKNIFTY has closed on a bullish note with almost 1% gain today. In the weekend analysis we discussed that BANKNIFTY may form a higher low and then confirm the next bullish move. In this case index may...
BANKNIFTY Intraday Trade Setup For 15 Jan 2024 Bullish-Above 47880 Invalid-Below 47770 T- 48315 48757 Bearish-Below 47600 Invalid-Below 47710 T- 47237 46900 BANKNIFTY has closed on a slight bearish note with almost 1% cut last week. It is lacking behind NIFTY as NIFTY is backed with IT pack and reliance. Since it is a bit slow so unlike NIFTY giving a breakout...
BANKNIFTY Intraday Trade Setup For 12 Jan 2024 Bullish-Above 47670 Invalid-Below 47560 T- 47960 48265 Bearish-Below 47230 Invalid- Above 47340 T- 46900 46580 BANKNIFTY has closed closed on a flat note with a minor gain of 0.16% today. It was range bound market the whole day except 2 PM fall and recovery. It has formed a spinning top candle which caters a...
BANKNIFTY Intraday Trade Setup For 11 Jan 2024 Bullish-Above 47430 Invalid-Below 47320 T- 47835 48265 Bearish-Below 47000 Invalid-Above 47110 T- 46580 46100 BANKNIFTY has closed on a slight bullish note with 0.25% gain today. It opened with a slight gap down and tested 47000 zone via gap up. Immediate and sharp bounce came from psychological support in a...
BANKNIFTY Intraday Trade Setup For 10 Jan 2023 Sell_1- From 47710 Invalid-Above 47820 T- 47430 47200 Sell_2- Below 47150 Invalid-Above 47260 T- 46780 46355 BANKNIFTY has closed on a bearish note with 0.44% cut today. As per previous day trade plan we planned a short from 47930, according to simple half bat pattern. Sell triggered @ 47930 and what a fall we...
BANKNIFTY Intraday Trade Setup For 09 Jan 2023 Sell_1- From 47930 Invalid-Above 48040 T- 47650 47400 Sell_2- Below 47380 Invalid-Above 47490 T- 46920 46635 BANKNIFTY has closed on a bold bullish note with 1.47% cut today. Sell triggered as per trade setup below 47820 and hit 1st target EOD (47820-47390). On a flat opening below today's low there an be another...
BANKNIFTY Intraday Trade Setup For 08 Jan 2023 Bullish-Above 48400 Invalid-Below 48290 T- 48730 49150 Bearish-Below 47820 Invalid-Above 47930 T- 47370 46900 BANKNIFTY has closed almost on a flat note with minor cut of 0.28% last week. Since last 4 weeks index has been in consolidation mode. Last week was another contraction week where it has formed an inside...
Resistance Level- Resistance 1: 48185 Resistance 2: 48373 Resistance 3: 48594.45 Support Level- Support 1: 47887 Support 1: 47677 Between 47887 to 48373 don't aggressive . After 48372 breakout you can see a good move till at least 48594 level . Scenario Happen: Market will open between 47887 - 48373 then it will be side base market. If open below...
Market open at 53 point high after create a red candle in 15 min. First 45 min price consolidate near resistance. after that a big red candle and a good down move we can see till 14:15. Why breakdown why not breakout ? If we can see from 4th January's 12 pm see green candle's volume is decreasing but price is increasing. Here Red candle's volume is...
BANKNIFTY Intraday Trade Setup For 05 Jan 2023 Bullish-Above 48290 Invalid-Below 48180 T- 48589 48920 Bearish-Below 47940 Invalid-Above 48050 T- 47620 47259 BANKNIFTY has closed on a bullish note with more than 1% gain today. Buy triggered as per trade setup above 47800 and hit first target very smoothly. Trade gave more than 400 points gain. Momentum was quite...
BANKNIFTY Intraday Trade Setup For 4 Jan 2023 Bullish-Above 47800 Invalid- Below 47690 T- 48178 48510 Bearish-Below 47550 Invalid-Above 47660 T- 47260 46900 BANKNIFTY has closed almost on a flat note with a minor cut of 0.12%. Sell triggered below 47680 which ended near cost EOD. There was a sharp bounce from round level 47500. So bulls will give up below 47500...
BANKNIFTY Intraday Trade Setup For 03 Jan 2023 Bullish-Above 48070 Invalid-Below 47960 T- 48510 48920 Bearish-Below 47680 Invalid-Above 47790 T- 47260 46900 BANKNIFTY has closed on bearish note with almost 1% cut today. On 28 Dec EOD it was discussed in the trade setup that index has formed a spinning top candle which can be a sign of bearish reversal below...
Bank Nifty is in good Support zone Today market was side base except last move. From 27 December 2023 -1 January 2024 it create a support Zone. Today we can see a fake breakout at14:15. Reason behind the reason: Volume was very not supporting the price. Also MACD was indicate downtrend for the day. If we see Option data at the time of price increase but...
BANKNIFTY Intraday Trade Setup For 01 Jan 2023 Bullish-Above 48390 Invalid-Below 48280 T- 48785 49185 Bearish-Below 48090 Invalid-Above 48200 T- 47710 47315 BANKNIFTY has closed on a bold bullish note last month with 8.57% gain. Its a very strong closing in weekly TF too. It has given a pullback move in the last 2 sessions. Breakout of this channel pattern will...
BANKNIFTY Intraday Trade Setup For 29 Dec 2023 Bullish-Above 48650 Invalid-Below 48540 T- 49025 49440 Bearish-Below 48340 Invalid-Above 48450 T- 47952 47575 BANKNIFTY has closed on a bullish note with 0.47% gain today. It opened above our buy level with a gap up. 10 O'clock range was to be used as per trade setup. But nothing triggered as per that, whole day it...
BANKNIFTY Intraday Trade Setup For 29 Dec 2023 Bullish-Above 48350 Invalid-Below 48240 T- 48730 49150 Bearish-Below 47880 Invalid-Above 47990 T- 47570 47207 BANKNIFTY has closed on a positive note with 1.17% gain today. Buy triggered as per trade setup above 47840 and hit our 1st target very smoothly (47840-48347). Tomorrow we can expect bullish continuation as...
BANKNIFTY Intraday Trade Setup For 27 Dec 2023 Bullish-Above 47840 Invalid-Below 47730 T- 48220 48632 Bearish-Below 47400 Invalid-Above 47510 T- 47029 46685 BANKNIFTY has closed on a bullish note with 0.49% gain today. Buy triggered as per trade setup which ended with no profit no loss as EOD it near cost. After taking support from previous day low it was...