Get started

Santubittu

Bank Nifty Technical Analysis - 10th April 2024 Santu SahaBank Nifty Technical Analysis - 10th April 2024 ## Market Overview Bank Nifty is exhibiting potential volatility, with clear support and resistance levels identified for potential trading opportunities. Traders should closely monitor key levels for potential breakout or reversal patterns. ### Support Levels **1. Support Levels:** - **48,600:** Identified as the primary support level. If the market opens above this level, it could act as a support zone, indicating potential bullish sentiment. - **48,443:** Designated as a secondary support level. A break below 48,600 could signal further downside movement towards this level. ### Resistance Levels **1. Resistance Levels:** - **48,900:** Identified as the first resistance level. If the market opens above 48,600, traders should watch for potential resistance near this level. - **48,600:** If the market opens below this level, it could act as an immediate resistance level. Above 48,900, no significant resistance is observed due to the absence of historical levels. ### Technical Insights #### Support Analysis The 48,600 support level is crucial for maintaining bullish momentum in Bank Nifty. Traders should closely monitor this level for signs of potential reversal or continuation patterns. A break below 48,600 could lead to increased selling pressure and a potential downtrend towards the 48,443 support level. #### Resistance Analysis The 48,900 resistance level presents a barrier for further upside movement in Bank Nifty. Traders should watch for potential selling pressure near this level if the market opens above 48,600. Above 48,900, no significant resistance levels are observed, indicating potential for further upside movement. ### Trading Recommendation Given the identified support and resistance levels, traders are advised to exercise caution and wait for clear confirmation before initiating new positions. Long positions could be considered above 48,900 with confirmation of sustained buying pressure, while short-term selling opportunities may arise below 48,600. ### Disclaimer: Risk Management Trading involves inherent risks, and traders should implement proper risk management techniques to protect their capital and minimize potential losses.
NSE:BANKNIFTYLong
by santubittu
Nifty 50 Technical Analysis - 9th April 2024 Santu Saha Nifty 50 Technical Analysis - 9th April 2024 ## Market Overview Nifty 50 is exhibiting signs of potential volatility, with clear support and resistance zones identified for potential trading opportunities. Traders should closely monitor key levels for potential breakout or reversal patterns. ### Support Levels **1. Support Levels:** - **22,600:** Identified as the primary support level, particularly if the market opens flat or gap-up. - **22,520:** Designated as a secondary support level. A break below 22,600 could signal further downside movement towards this level. ### Resistance Levels **1. Resistance Zone:** - **22,700:** Identified as the current resistance level. If the market opens below this level, traders should await confirmation of sustained trading above this level to anticipate a potential upside movement in Nifty 50. ### Technical Insights #### Support Analysis The 22,600 support level is crucial for maintaining bullish momentum in Nifty 50. Traders should closely monitor this level for signs of potential reversal or continuation patterns. A break below 22,600 could lead to increased selling pressure and a potential downtrend towards the 22,520 support level. #### Resistance Analysis The 22,700 resistance level presents a barrier for further upside movement in Nifty 50. Traders should await confirmation of sustained trading above this level to anticipate a potential breakout towards higher levels. ### Trading Recommendation Given the identified support and resistance levels, traders are advised to exercise caution and wait for clear confirmation before initiating new positions. Long positions could be considered above 22,700 with confirmation of sustained buying pressure, while short-term selling opportunities may arise below 22,600. ### Disclaimer: Risk Management Trading involves inherent risks, and traders should implement proper risk management techniques to protect their capital and minimize potential losses.
NSE:NIFTYLong
by santubittu
Nifty 50 Support and Resistance Levels (19/01/2024):Nifty 50 Support and Resistance Levels (19/01/2024): #### Support Levels: 1. **Support Level 1:** 21,300 2. **Support Level 2 (Big Support):** 21,000 - If Nifty 50 breaks below 21,000, it could signal a potential for significant downside movement. #### Upside Resistance Levels: 1. **Resistance Level 1:** 21,600 2. **Resistance Level 2:** 21,900 - If Nifty sustains above 21,600, it could potentially indicate a move towards higher resistance levels. ### Technical Analysis Insights: - **Support Zones:** 21,300 and 21,000 (big support) are crucial areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zones:** 21,600 and 21,900 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements. - **Breakdown Caution:** Breaking below 21,000 might signify increased bearish sentiment and could lead to further downside movement. - **Upside Breakout Confirmation:** Sustained movement above 21,600 could indicate a potential move towards higher resistance levels, but confirmation is essential.
NSE:NIFTY
by santubittu
Nifty 50 Support and Resistance Levels (16/01/2024)Nifty 50 Support and Resistance Levels (16/01/2024): #### Support Levels: 1. **Support Level 1:** 22,000 2. **Support Level 2:** 21,900 3. **Support Level 3:** 21,800 - If the market trades below 22,000, it could signal potential downside movement. #### Upside Resistance Levels: 1. **Resistance Level 1:** 22,100 - If the market trades above 22,100, it could potentially move towards all-time highs. ### Technical Analysis Insights: - **Support Zones:** 22,000, 21,900, and 21,800 are crucial areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zone:** 22,100 is anticipated to be a key level where selling pressure might intensify, limiting immediate upward movements. - **Breakdown Caution:** Trading below 22,000 might signify increased bearish sentiment and could lead to further downside movement. - **Upside Breakout Confirmation:** A sustained breakout above 22,100 might indicate a potential move towards all-time highs, but confirmation is essential.
NSE:NIFTYLong
by santubittu
Bank Nifty Support and Resistance Levels (16/01/2024)Bank Nifty Support and Resistance Levels (16/01/2024) #### Support Levels: 1. **Support Level 1:** 48,000 2. **Support Level 2:** 47,800 3. **Support Level 3:** 47,600 - If the market trades below 48,000, it could signal potential downside movement. #### Upside Resistance Levels: 1. **Resistance Level 1:** 48,400 2. **Resistance Level 2:** 48,600 - If the market trades above 48,223, there may be a potential move towards 48,400. ### Technical Analysis Insights: - **Support Zones:** 48,000, 47,800, and 47,600 are crucial areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zones:** 48,400 and 48,600 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements. - **Breakdown Caution:** Trading below 48,000 might signify increased bearish sentiment and could lead to further downside movement. - **Upside Breakout Confirmation:** A sustained breakout above 48,223 might indicate a potential move towards 48,400, but confirmation is essential.
NSE:BANKNIFTYLong
by santubittu
Nifty 50 Support and Resistance Levels (15/01/2024)Nifty 50 Support and Resistance Levels (15/01/2024): #### Support Levels: 1. **Support Level 1:** 21,800 2. **Support Level 2:** 21,700 3. **Support Level 3:** 21,588 These support levels represent crucial areas where Nifty 50 might witness buying interest and potential reversals in case of a decline. #### Upside Resistance Levels: 1. **Resistance Level 1 (All-Time High):** No specific resistance levels as per the chart, with all-time highs. ### Technical Analysis Insights: - **Support Zones:** 21,800, 21,700, and 21,588 are critical areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **No Specific Resistance:** With Nifty 50 at all-time highs, there might not be clear resistance levels on the chart. - **Breakout Scenario:** A sustained breakout above 22,000 could indicate a potential uptrend or a shift in sentiment towards more significant buying.
NSE:NIFTYLong
by santubittu
Bank Nifty Support and Resistance Levels (15/01/2024)Bank Nifty Support and Resistance Levels (15/01/2024): #### Support Levels: 1. **Support Level 1:** 47,611 2. **Support Level 2:** 47,455 3. **Support Level 3:** 47,233 4. **Support Level 4:** 47,000 - Breaking below 47,000 may indicate a potential for a significant downward movement. #### Upside Resistance Levels: 1. **Resistance Level 1:** 47,829 2. **Resistance Level 2:** 48,000 - If the market opens with a gap-up above 48,000, waiting for a 15-minute green candle for confirmation before considering buying could be a prudent strategy. ### Technical Analysis Insights: - **Support Zones:** 47,611, 47,455, 47,233, and 47,000 are crucial areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zones (Gap-up Open):** 47,829 and 48,000 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements. Waiting for confirmation on a gap-up open could be a prudent approach. - **Breakdown Caution:** Breaking below 47,000 might signify increased bearish sentiment and could lead to further downside movement. - **Gap-up Confirmation:** For a gap-up above 48,000, waiting for a 15-minute green candle for confirmation could help reduce the risk of false breakouts.
NSE:BANKNIFTYLong
by santubittu
Bank Nifty Technical Analysis for Tomorrow **Bank Nifty Technical Analysis for Tomorrow - September 25, 2023** **Overall Outlook** Bank Nifty is expected to open negative tomorrow, following the negative global markets. However, if the market opens above 44,550, then the 44,500 level will act as a support. On the upside, the resistance levels are 44,970 and 45,200-45,400. **Support and Resistance Levels** **Supports:** * 44,500 (strong support as per OI data) **Resistances:** * 44,800/44,900 * 45,000 * 44,970 * 45,200-45,400 **Trading Strategy** * **Buy:** If the market trades above 44,970 and closes with a 15-minute green candle, then a buying side movement can be expected. * **Sell:** Wait for a breakdown of 44,300 before selling. **Note:** Please follow price action and wait for opportunities to trade. **Additional Comments** * The global markets are negative due to concerns about rising interest rates and a potential recession. * Bank Nifty is a banking sector index, and the banking sector is sensitive to interest rates. * If the global markets continue to remain negative, it could weigh on Bank Nifty as well. * However, if the market opens above 44,550 tomorrow and closes with a 15-minute green candle, then it could signal a bullish reversal. * Traders should carefully monitor the price action and wait for opportunities to trade.
NSE:BANKNIFTYShort
by santubittu
Bank Nifty Analysis For 22Sept2023 **Market Outlook** The market has been in a downtrend for the past few days, and is likely to continue to be bearish tomorrow. The Bank-Nifty is expected to open gap-down, with a first resistance at 44600 and a second resistance at 45000. If the BankNifty breaks 44600 and closes a green candle on the 5-minute chart, then traders can go long. However, if the Nifty breaks 44200, then traders can expect further downside movement to 43900 and below. **Key Support and Resistance Levels** * Support: 43900, 43600 * Resistance: 44200, 44600, 45000 **OI Data** The OI data for the market is not very bullish, with only 44500 having good support. On the resistance side, the market has strong resistance at 44800 and 45000. **Trading Strategy** Wait for the market to open and then watch the price action. If the Nifty opens a gap-down and breaks 44600, then traders can go long. However, if the Nifty breaks 44200, then traders can expect further downside movement to 43900 and below. **Disclaimer** This is just a professional stock market analysis for tomorrow, September 22, 2023. It is not financial advice, and traders should always do their own research before making any investment decisions.
NSE:BANKNIFTYShort
by santubittu
Nify50 Support Resistance 18sept2023 If You Watch the Index in Day Candel You See Market Continue Upside move no retest or sideway. so for technical analysis, we know the market needs to test or retest then the market can go upside.. For Tommorw Support Resistance Market Rejection From All-Time High 20200 if the Market goes Upside above 20200 or closes a green candle 5 mint then we can again see a sideway market or buying market Support Levels 20100/20050 AsPer OI Data Support Resistance at Nifty50 Big Support 20100/20000 Big Resistance 2020/20300 if market sustenance above 20200 then we can see a buy-side move because of call writer are high Follow me For update #nifty #banknifty #niftyanalyis #supportresistance #marketindexanalyis #santubittu
NSE:NIFTY
by santubittu
NIFTY 50 15SEPT2023 SUPPORT LEVELSAs Per Our Previous Analyic Already told If the Market trades above 20100 then a buy-side move possible. Today Market Opened at 20100 and made a High 20167 But From There market Was Rejection Because 20100/20200 Our Resistance Levels Already Told tomorrow And Support Levels at 20000 market made a low at 20045 Market Trad today Sideway Nifty50. For Tomorrow Levels Support and Resistance Market needs to Break High 20167 then a buying side move is possible. and make a new high For Downside, We have Support Levels 20100/20064 if the market trades below 20000 then a put side entry is possible and a good move we expected. ASPER OI Data 20100 Pe Writer is high so the Market Get Resistance there #nifty #tradinview #banknifty #optiontrading #tradingview #santubittu #optionking #tradinganalyis
NSE:NIFTY
by santubittu
nifty50 14 Sept 2023 Support And Resistance LevelsJust Watch My Levels I already shared this Yesterfsy and market work at my levels every point but as compared to bank nifty nifty is slow We can see an upside movement in nifty tomorrow Be ready,, if the market opens a gap up and is under 20100 then wait for breakout 20100 and the market needs to trade above this level. if again market trade is above these levels then the market can be bullish or if the market trade is below 20000 then the market is again bearish up to 19900 . AS per Oi data big support 20000/19900 Big Resistance 20100/20200 #nifty #santubittu #tradingview #supportresistance
NSE:NIFTYLong
by santubittu
2
Nifty also BullishToday's Nifty Rejection From 19585 Nearby 19600 For this If your View is Bullish then Wait For a Breakout of 19600 and if the market sustenance above this then We can See a Buying Good Move. On the Downside 19500 is our main support zone if breaks then the market fall AS Per OI Data Market has good Support at 19500 Big Resistance 19600 then 19700 Compare to put Call Writer High in This levels Wait For breakout 19600 My view in Nify50 is Bullish I Dont Trade in Downside Unitll it breaks 19500 if break 19500 then we see a 100 point down rally.
NSE:NIFTYLong
by santubittu
Bank Nifty Ready To Break 44700 For Tomorrow Bank Nifty is Ready to Move Above 44700 Today Market Again opened Flat and Rejection From 44650 Today Low to 44400 Which Was Big Support We discussed it Yesterday IF again Market Break 44700 then We Can See a Good Move In the Upside Agin for Tommorw Our support Zone 44400 But As per OI Data Market has big Resistance at 44600 Market Can Rejection again from This Level tomorrow If the Market opens a gap-up above 600 or 650 then wait for a breakout of 44700 or the market needs to retest the downside again then a bullish Movement We see.
NSE:BANKNIFTYLong
by santubittu
Market Can Bullish Above This LineFor Bank nifty Market Need To Break 44300 and trade Abve This Then We Can Consider a Buying Side Entry Otherwise We Avoid This. If Market Again Trade Mention This Levels then Don't Want To Trade Just Wait For Break out and Break Down . If Again Market Break Downside Support Zone 44100 and Then 44000 Then the Downside is More Possible Upto 44900. AS PER OI Data 44200/44100/ Make Support PUT Writer Write In Fri day and Big Support Zone 44000 if break Market then PUT Writer Booked Their Loss And Market Fall Down More. Wait For Break Out and Break Down Otherwise No Trade
NSE:BANKNIFTY
by santubittu