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Bank Nifty short Term viewBank nifty making triangular pattern with higher lows and lower highs taking into account last 4 swing peaks which means it can give breakout in either of the direction. For now it is supposed to traverse towards ~47850-47950 once it crosses below 48200 in next 2 days means by 31st May. Then if market anticipate stable govt on 4th June it must take support and move upwards. Only in case of election results disappoints or exit poll disappoints badly then bank-nifty might break below the lower trendline.
NSE:BANKNIFTY
by brainyAccount81243
BANK NIFTY INDEX 45 MIN GANN ANALYSIS FOR EXPIRY 10 APR 2024Bank Nifty index has made ATH yesterday at 48960 odd. Then gave some intraday corretion and closed at 48730. Here also after 28 Dec high of 48636 we have a choppy run om Bank Nifty index but the bull run from covid lows has been fantastic. Squaring time date id 25 April 2024. squaring Price is 48829. Use both Price and Time metrics for your bias on the index. Intraday range to watch is 48791 and 48669. Breakout and Fakeout above this levels. Extreme range levels are 49504 and 48487. Happy Trading !!! N.B. Not a finanancial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the programme for this opportunity to use it freely to express our ideas to the community of traders.
NSE:BANKNIFTY
by kbr9121965
Bank Nifty - Ready for a small bounce?Bank Nifty has been very volatile for last a few days. We can see Bank Nifty receding downwards but also getting strong rejections from deeper low levels. Bank Nifty has not reached to its next strong support level of 45660 but rejections (long wicks below close) are seen every-time price goes towards it. Bank Nifty at present is giving impression of taking the support from 45660 level and giving a bounce to 46900-4700 levels. So catch the bounce from lower level for 1000-1500 points gain. Remember: SLs are essentials. Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
NSE:BANKNIFTYLong
by anuragcoma15
Bank Nifty Technical Analysis - 12th March 2024 Santu Saha Bank Nifty Technical Analysis - 12th March 2024 ## Market Overview Bank Nifty is currently navigating a dynamic market environment with discernible support and resistance levels offering valuable insights for traders. Let's delve into the key levels shaping the market sentiment. ### Support Levels **1. Support Levels: 47,280 - 47,300** - Presently acting as a crucial support range. - A break below this zone might trigger a downside movement towards 47,000. ### Resistance Levels **1. Resistance Levels: 47,600** - Immediate resistance level to watch. - A sustained trade above this level may signal a potential upside move. **2. Resistance Levels: 48,000** - The subsequent resistance level, indicating the potential for further upside momentum. ### Technical Insights #### Support Zone Analysis The support range of 47,280 - 47,300 is a key area to monitor. A breach below this range could imply a shift towards a bearish sentiment, possibly leading to a downside movement. #### Resistance Zone Analysis Overcoming the immediate resistance at 47,600 is crucial for bullish momentum. Traders should closely observe how the index behaves around this level for potential trend changes, with the next target at 48,000. ### Trading Recommendation Given the current market dynamics, traders are advised to closely monitor the support range. A decisive move below 47,280 might lead to further downside, while a sustained trade above 47,600 could pave the way for potential upside, targeting the subsequent resistance at 48,000. ### Disclaimer: Trade with Caution It's essential to exercise caution and adhere to risk management strategies while trading in the current market conditions. Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha
NSE:BANKNIFTYLong
by santubittu
Bank Nifty Technical Analysis - 8th March 2024 Bank Nifty Technical Analysis - 8th March 2024 ## Market Overview Bank Nifty has been exhibiting a challenging environment for option buyers in the past two days. Traders are advised to approach the market with caution. Let's delve into the key support and resistance levels for informed decision-making. ### Support Levels **1. Support Levels: 47,600** - A critical support level to watch. - A break below this level may indicate a downside move. ### Resistance Levels **1. Resistance Levels: 48,000** - Crucial resistance to observe. - Market dynamics might change if Bank Nifty sustains above this level. ### Technical Insights #### Support Zone Analysis The 47,600 level is pivotal for support. Traders should be attentive to any breakdown below this level, which could signify a potential downward trend. #### Resistance Zone Analysis A breakthrough and sustained trade above 48,000 could trigger an upside movement. Until this resistance is breached, traders might opt for a more conservative approach. ### Trading Recommendation Given the recent market conditions, it is advisable for traders to exercise caution. A decisive move below 47,600 may open doors for further downside, while a sustained trade above 48,000 could pave the way for an upward trajectory.
NSE:BANKNIFTY
by santubittu