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Bank Nifty - Prediction & Intraday Levels for - 11 Apr 2023Bank Nifty Tomorrow: Bank Nifty aligned with Negative/Bearish Sentiment and made a BIG Red candle in Daily TF which indicates short term BEARISH Trend Reversal, however it depends on the close tomorrow. Tomorrow Bank Nifty likely to Open Flat / Small gap down, if any pull back to 41000 Supply zone is the Sell Entry point for 40600 & 40400 Lower targets. BULLISH move possible only above 41150 Demand and Supply Zones - When price breaks the zones, Demand zone will become Resistance and Resistance zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:BANKNIFTYShort
by ViVenTraders
Bank Nifty Important Level'sBank Nifty is expected to have a positive opening on Friday following a trend of improved investor sentiment globally. The measures taken to support the global banking system seem to have eased concerns about a financial crisis, which has resulted in a rebound in equities. As per the technical analysis provided, if the Bank Nifty opens above 39500 and sustains that level for 30 minutes, the next resistance level could be at 39900. On the other hand, if the trend goes negative, the immediate support levels are at 39160 and 38800.
NSE:BANKNIFTYLong
by TradingTitans9999
Bank Nifty Important Level's Bank Nifty is likely to have a gap up opening of around 250 points. A gap up opening means that the market has opened at a higher level compared to the previous day's closing price. If the Bank Nifty sustains the 39580 level, it is likely to move up to the next resistance level, which is 39850. A resistance level is a level in the market where there is a significant amount of selling pressure, which can make it difficult for prices to rise further. If the price breaks through this resistance level, the next resistance level is likely to be 40080.
NSE:BANKNIFTY
by TradingTitans9999
Bank Nifty Important Level'sBank Nifty is showing a negative trend, possibly because of the performance of Indian banks listed as American Depository Receipts (ADRs) in the United States. Specifically, ICICI Bank and HDFC Bank ADRs have shown negative performance with -3.07% and 2.68% respectively. This may indicate that there is selling pressure in the banking sector. If the market opens with a gap down of 250 to 300 points, the immediate support level for the Bank Nifty is likely to be 40670. A support level is a level in the market where there is a significant amount of buying pressure, which can make it difficult for prices to fall further. If the price reaches 40670 and stays there or bounces back up, it is likely to be a good buying opportunity. However, if the Bank Nifty cannot sustain 40670, the next support level is likely to be 40320. This means that if the price falls below 40670 and continues to drop, it is likely to find some support at 40320.
NSE:BANKNIFTYShort
by TradingTitans9999
BANK NIFTY bullishbank nifty is on the last wave i.e. wave five in the higher degree. In which wave 1 and 2 in the smaller degree is over and wave 3 is in progress. Tiny Wave 1 in the 3rd wave is over and wave 2 is in progress. As you saw how today market went high 41401. Tiny wave one can cross a mark of 41900 42000 before it goes into correction to form tiny wave 2 of wave wave 3 in higher degree. In brief bank nifty is in bullish mdoe until it finishes tiny wave 1 of wave 3 in higher degree ( secondary). We will discuss further on tiny wave 2 of wave 3. this is only for educational purposes. We are not responsible for any loss or damage.
NSE:BANKNIFTY
by rajeshsankpal11
Bank Nifty Cmp 39909 dated 24-2-2023 Bank Nifty Cmp 39909 dated 24-2-2023 A. Buying Scenario 1. Bank Support @ 39400 2. Thursday was a Doji Kind Candle. 3. Friday closed above Doji kind of a Candle. 4. Bank Nifty Corrected 4600 points from high's i.e.10 % Correction. Here we can Take a chance trade & buy Bank Nifty @ 40150 for target 40500-41000-41400-41800 SL 39400 B.Selling Scenario 1. Bank Nifty Support @ 39400 Sell only Below 39400 for target 39100-38500- 37900 SL 40200 IF Opens Gap up or Gap down Don't trade we will see the Price action & we will trade. Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:BANKNIFTY
by SHEETAL_UDESHI