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Bank Nifty Support and Resistance Levels (25/01/2024)### Bank Nifty Support and Resistance Levels (25/01/2024): #### Support Levels: 1. **Support Level 1:** 44,800 2. **Support Level 2:** 44,400 - If the market breaks below 44,400 and sustains, it might indicate the potential for a significant downside movement. #### Upside Resistance Levels: 1. **Resistance Level 1:** 45,450 - If the market needs to move above this level for potential upside movement. 2. **Resistance Level 2:** 46,000 - A significant resistance level. Market needs to break above 45,450 and sustain for a potential upside breakout. ### Technical Analysis Insights: - **Support Zone:** 44,800 and 44,400 are crucial areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zones:** 45,450 and 46,000 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements. - **Breakdown Caution:** Breaking below 44,400 might signify increased bearish sentiment and could lead to further downside movement. - **Upside Breakout Confirmation:** For a potential upside movement, Bank Nifty needs to trade above 45,450 and sustain, and confirmation above 46,000 would strengthen the bullish case.
NSE:BANKNIFTYLong
by santubittu
BANK NIFTY WEEKLY GANN LEVELS CHART MONTHLY EXPIRY 25 JAN 2024Bank Nifty weekly chart with Gann Levels is attached here. Gann has givena Gann Rule of 7-10 weeks in Gann Commodities Course. He said watch this move whenmarkets are near extreme highs. Bank Nifty satisfied all the conditions. Weekly Trend is the est trend to follow for traders. The risk reward ratio is more than 1:10 in this time frame. But it meeds big pockets and patience. Beginners are intraday traders with limited capital which they blowoff in short time. Next lot of traders is daily timeframe who are also wiped off with gap up and gap downs happening. Traders also do lot hedging which is smartly advocated this days. Gann's time there was no hedging he traded the weekly time frame with the trend identification technique. Trend identification on weekly timeframe is one week swings with higher high and higher low for uptrend and vice versa for downtrend (i.e. lower high and lower low ). See chart above when the trend changed on it. 08 jan 2024 weekly candle was the on to watch with lower high and lower low. It gave a higher close showing false recovery on price action. 15 Jan 2024 was a bull trap which was confirmed first by falling the earlier weeks range and finally more confirmation on break of lows. Confirmation on Gann levels was break of 75% range level which was the double bottom and false recovery. Current weekly candle is follow up candle of the downtrend. Confirmation by break of 66.66% level of the range with target of 50% level achieved today. Gann rule of 50% range comes to our rescue for trend identification. Trend decider level on weekly timeframe is 45370.70. Above it trend momentum on downside may slow down. The we need higher high and higher low on weekly timeframe for change of trend. Below 50% of the range will confirm the downtrend further. Read this write for numerous times it sinks in your trading psyche and it will take your trading to the next level. You will become a Royal Trader in market with weekly timeframe trading. As we move to higher timeframe mistakes are minimized and lower timeframe you multifold your mistakes. Daily time frame may need 5 times more decision making if you trade each daily candle. Now you can imagine magnification of mistakes on time frames lower than daily. Its up to you decide pros and cons of the explanation given by me. Happy Trading !!! N.B. Not a Trading advice. With usual disclaimers as applicable within the reach of this beautiful platform.
NSE:BANKNIFTY
by kbr9121965
Bank Nifty Support and Resistance Levels (24/01/2024Bank Nifty Support and Resistance Levels (24/01/2024): #### Support Levels: 1. **Support Level 1:** 45,000 - This is a crucial support level. If Bank Nifty breaks below 45,000 and sustains, it could signal a potential for a significant downside movement, possibly up to 44,400. #### Upside Resistance Levels: 1. **Resistance Level 1:** 45,450 - If the market opens below this level, it could act as an initial resistance point. 2. **Resistance Level 2:** 46,000 - A significant resistance level. If the market opens below 45,450, breaking above 46,000 might be a challenge. ### Technical Analysis Insights: - **Support Zone:** 45,000 is a crucial area where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. A break below this level could signal more significant downside potential. - **Resistance Zones:** 45,450 and 46,000 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements. - **Breakdown Caution:** Breaking below 45,000 might signify increased bearish sentiment and could lead to further downside movement. - **Upside Breakout Confirmation:** For a potential upside movement, Bank Nifty needs to trade above 45,500, and confirmation above 46,000 would strengthen the bullish case.
NSE:BANKNIFTY
by santubittu
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.
NSE:BANKNIFTYLong
by santubittu
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.
NSE:BANKNIFTYLong
by santubittu
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.
NSE:BANKNIFTYLong
by santubittu
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. Please Give A Like If You Like
NSE:BANKNIFTY
by Sonia-Singh
8
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.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
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. 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 vwap indicator strategy bank nifty vwap in tradingview vwap trading strategy in tamil Jim Simons is an American mathematician and hedge fund manager who is widely regarded as one of the most successful investors of all time. He is the founder of Renaissance Technologies, a quantitative investment firm that has generated outstanding returns using mathematical models and algorithms. Simons was also a professor of mathematics at Stony Brook University and made significant contributions to geometry and topology. He is known for his philanthropic efforts, including donations to scientific research and education. Jim Simons interview Renaissance Technologies Quantitative investing Mathematics and finance Hedge fund strategies Investing legends Wall Street billionaires Trading algorithms Market prediction models Philanthropy and giving back. Share Market analysis by Multi time frame vwap analysis.
NSE:BANKNIFTYShort
by ajithrnaipl
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 vwap indicator strategy bank nifty vwap in tradingview vwap trading strategy in tamil Share Market analysis by Multi time frame vwap analysis.
NSE:BANKNIFTY1!
by ajithrnaipl
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.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
3