Bank Nifty Support and Resistance Levels (19/01/2024) Bank Nifty Support and Resistance Levels (19/01/2024):
#### Support Levels:
1. **Support Level 1:** 46,000
- If Bank Nifty breaks below 46,000 and sustains, it could signal potential for significant downside movement.
#### Upside Resistance Levels:
1. **Resistance Level 1:** 46,800
2. **Resistance Level 2:** 47,000
- If Bank Nifty sustains above 47,000, it could potentially indicate a move towards higher resistance levels.
### Technical Analysis Insights:
- **Support Zone:** 46,000 is a crucial area where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement.
- **Resistance Zones:** 46,800 and 47,000 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements.
- **Breakdown Caution:** Breaking below 46,000 might signify increased bearish sentiment and could lead to further downside movement.
- **Upside Breakout Confirmation:** Sustained movement above 47,000 could indicate a potential move towards higher resistance levels, but confirmation is essential.
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Bank Nifty Possible Targets 51800 Before Elections.Bank Nifty Possible Targets 51800 Before Elections.
Bank Nifty has corrected 50% from last rise which can be possible bottom for current series ... 45450.
Keeping 45400 as SL one can go long on Bank Nifty for Feb Series. LTP 45750 ... Targets 49000+ in next 30 days.
Happy investing.
Bank Nifty Support and Resistance Levels (04/01/2024)Bank Nifty Support and Resistance Levels (04/01/2024):
#### Support Levels:
1. **Support Level 1:** 47,650
2. **Support Level 2:** 47,500
3. **Support Level 3:** 47,200
These support levels represent critical areas where Bank Nifty might witness buying interest and potential reversals in case of a decline.
#### Upside Resistance Levels:
1. **Resistance Level 1 (Flat Open):** 47,800
- This level could act as the initial barrier for upward movement if the market opens flat.
2. **Resistance Level 2 (Flat Open):** 48,000
- 48,000 is considered a significant resistance point. Breaking above this level could be challenging.
3. **Resistance Level (Gap-Up Open):** 48,000
- In case of a gap-up open, 48,000 might be the immediate resistance. Beyond this level, the market could become highly volatile.
### Technical Analysis Insights:
- **Support Zones:** 47,650, 47,500, and 47,200 are crucial areas where buying interest might emerge, potentially leading to a reversal in downward movements.
- **Resistance Zones (Flat Open):** 47,800 and 48,000 are anticipated to be key levels where selling pressure might increase, limiting immediate upward movements in case of a flat market opening.
- **Resistance Zone (Gap-Up Open):** If the market opens with a gap-up, 48,000 could act as an immediate resistance. However, a break above this level could lead to increased volatility.
Bank Nifty Support and Resistance Levels (03/01/2024)Bank Nifty Support and Resistance Levels (03/01/2024)
#### Support Levels:
1. **Support Level 1:** 47,668
2. **Support Level 2:** 47,400
3. **Support Level 3:** 47,200
These support levels are areas where Bank Nifty might find buying interest and potential price reversals if the market falls.
#### Upside Resistance Levels:
1. **Resistance Level 1:** 47,820
- This level might act as the initial barrier if Bank Nifty opens with a gap down.
2. **Resistance Level 2:** 48,000
- This level is a significant resistance point. If Bank Nifty manages to surpass the first resistance, reaching 48,000 could be a challenging zone for further upward movement.
### Technical Analysis Insights:
- **Support Zones:** 47,668, 47,400, and 47,200 are crucial areas where buying pressure might emerge, potentially halting further downward movement.
- **Resistance Zones:** 47,820 and 48,000 are anticipated to be key levels where selling pressure might increase, restricting immediate upward movements.
- **Gap Down Open Scenario:** If the market opens with a gap down, the initial resistance could be encountered at 47,820. However, breaching this level would be crucial for potential upside movement towards the significant resistance at 48,000.
BANK NIFTY LEVELS 8TH DECEMBERBank Nifty Spot Actionable Idea ---- Hello friends Sharing my intraday Trading idea on Bank Nifty for 8TH December with all of you, Hope you like it my Analysis.
After Today's Gap down opening index nicely came up after that opening supported by PSU banks and the main constituents of index and at the end of the session finally it close above yesterday's close and somehow showed that bullish strength is not over yet, and now at this time i am publishing this idea broader markets are doing well so i will mainly focus on resistance break in tomorrow's session.
#Current Price- 46841
#Resistance Level- 46867
#Support Level- 46768
#Target Levels-46978 And 47080 we can expect after breakout of Support
#Target Levels- 46668 And 46515 we can expect after breakout of Support
#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
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Bank Nifty November 2023Bank Nifty is an index of comparison of 12 banking stocks and out of these 2 stocks contain 50% and 34% approx by next three banks and the rest by 7 banks.
Will Bank nifty touch up to 44810-870 or may touch 45056 or even more!! Let's see
or will it be in Red colour today....
!!!!
Keep Learning with NG
Bank Nifty trade plan for 23 NOV 2023Bank Nifty trade plan for 23 NOV 2023
Nifty is structurally bearishly aligned for the day and is expected to within the yesterday's range with a small gap up.
In case Bank Nifty fails to break out the upper resistance band on morning session then we can anticipate bank Nifty to trade in a range for the day and can expect to test out lower band as plotted.
Any resistance from Previous day close will be opportunity to short for previous day low.
Bank Nifty Expiry - 22/11/23Bank Nifty Expiry 43800 PE went from Rs6 to Rs 80 = 700% 🔥🔥🔥I 22/11/23
Nifty I Bank nifty Analysis - Where to short & where to cover explained in the video.
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Bank Nifty 17/11/23 - Multi time frame vwap analysisbank Nifty Analysis -17th Nov 23 I Multi time frame vwap analysis
Nifty I Bank nifty Analysis - Where to short & where to cover explained in the video.
What is a bank nifty prediction for the month?
Bank Nifty - Multi time frame vwap analysis
Is Nifty Bloodbath Continued?
How to analyze share price?
Technical analysis
Trading
Forex trading
Stock trading
Financial markets
Volume analysis
VWAP
Price action
Indicators
Trading strategies
Support and resistance levels
Trend identification
Trade entry and exit
Investment analysis
Financial education.
Adani Vs Hindenburg
Adani Vs Multi timeframe vwap analysis
VWAP trading strategy
Nifty bank Nifty prediction for tomorrow
VWAP day trading strategy
vwap indicator
vwap trading
vwap explained
vwap intraday trading strategy
vwap settings for day trading
vwap indicator settings
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Share Market analysis by Multi time frame vwap analysis.
Bank Nifty trade plan for 15 NOV 2023Bank Nifty trade plan for 15 NOV 2023
Bank Nifty is expected to open with a huge gap up around 44700-44800 levels today.
After such a big gap up opening would prefer to wait for alteast first 5-15 min to make fresh trades, since we can expect possible profit booking on opening.
Bank Nifty is anticipated to open around Zone 2. In case the initial balance high is taken out with a buy trigger can go long for targets as mapped.
Any rejection in Zone 2 with a sell trigger and also low of Zone 2 is compromised then we can expect Bank Nifty to test out Zone 1 support with a slow pace.
Bank Nifty Weekly Analysis For 30-10-23 to 03-11-23Bank Nifty Weekly Analysis For 30-10-23 to 03-11-23
43400-43800 is the Major Resistance For Bank Nifty Next Week.
42100 is the Important Support For Bank Nifty Next Week.
If Bank Nifty Breaks the Support, we may see a panic Selling and Targets are 41780/41080
If Bank Nifty Sustains above 43000, more upside possible and Targets are 43400/43800.
Bank nifty for 3rd November 2023 Bank nifty have maid bearish flag pattern on 1 hour time flame and gift nifty is positive so we can plan for trade tomorrow if market open gap up so from up trend line we can can plan for short from 43650 to 43700 we can plan for short quick movement but wait for bearish candle and for upside move if market open in range of 42800 to 43100 you can plan for buy above 43100 break out and retest and for bearish trade you can plan for short trade below 42800 break down retest
Bank nifty for 3rd November Bank nifty have maid bearish flag pattern on 1 hour time flame and gift nifty is positive so we can plan for trade tomorrow if market open gap up so from up trend line we can can plan for short from 43650 to 43700 we can plan for short quick movement but wait for bearish candle and for upside move if market open in range of 42800 to 43100 you can plan for buy above 43100 break out and retest and for bearish trade you can plan for short trade below 42800 break down retest
Bank Nifty Weekly Analysis For 22-10-23 to 26-10-23Bank Nifty Weekly Analysis For 22-10-23 to 26-10-23
44700-44800 is the Major Resistance For Bank Nifty Next Week.
43500-43600 is the Important Support For Bank Nifty Next Week.
If Bank Nifty Breaks the Support, ABCD Activates & we may see a panic Selling and Targets are 43080/42328.
If Bank Nifty Sustains above 44710, XABCD Activates and Targets are 45200/46014.
Bank Nifty Analysis for 17oct23 **Bank Nifty Analysis for 17/10/23**
**Support Levels**
* 44,120
* 43,995
* 43,770
**Resistance Levels**
* 44,532
* 44,713
**Buying Zone**
* Above 44,376
**Selling Zone**
* Below 44,120
**Analysis**
Bank Nifty closed at 44,251.40 on 16/10/2023. The market did not break the support level of 44,120 on 16/10/2023, and bounced back from there. This suggests that there is some buying support at the current levels.
For tomorrow, the support levels are 44,120, 43,995, and 43,770. The resistance levels are 44,532 and 44,713.
If the market breaks and sustains above 44,376 tomorrow, it will be a bullish signal, and we can consider buying in the 44,376-44,531 range.
If the market falls below 44,120 tomorrow, it will be a bearish signal, and we can consider selling.
**Note:** This is just an analysis, and it is not a recommendation to buy or sell any security. Please do your own research before making any investment decisions.
Bank nifty important pattern analysis for the month #Oct/2023Bank nifty spot as on the date 10/10/2023 is 44360.15 closing basis.
In daily time frame its seems to be make a head and shoulders pattern in future within one 2/3 day,
As of now if bank nifty going upside and take resistance around 45000-45080 levels and stay below 45150 levels only then this hade and shoulders pattern going to be executed and then the new important levels would be open.
short only possible if stay below 44800 levels closing basic in daily time frame then a strong downside move can be happen of #1000 points upto 43800 within one or few day.
As on today (10/10/2023) its clearly shows a strong short covering move so don't going to short unnecessary without getting confirmation but as per global circumstance and lot of micro & macro data going tp publish this week so its good to have a neutral view and trade only as per technical levels with Stop loss.
IMP levels :
Above 44380 levels target 44500/44750 and then 44960/45080
Below 44320 first support 44250/44000 and then 43800.