Bank Nifty Tarding SetupBank Nifty Tarding Setup
Bank Nifty try to test 42800
AS per the chart bank nifty shown the breaking levels and towards down
Prediction based on the chart
Most of the days banknifty touch 200 EMI and 50 EMI basis on market situation this is now trying to reach at 200 EMi which is around 42800.
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Bank Nifty - View & Intraday Levels for 28 Nov 2022Bank Nifty Tomorrow:
Flat / Small Gap up Open around 43200, aligned with BULLISH setup. Any breakout above 43350 - 43460 is the 1st Target and Target 2 will also be tested.
Look to BUY at CPR 43063 if any pull back. SELL below 42723 but we have Support levels around 42650. In that case Bank Nifty will trade in Range/sideways
Incase Bank Nifty closes below PDL, then strong BEARISH move is expected
Bank Nifty Weekly Analysis for 21-11-22 to 25-11-22.Bank Nifty Weekly Analysis for 21-11-22 to 25-11-22.
Both Indices Nifty & Bank Nifty are in Range Whole Week. Correction required for a healthy Upside movement.
As Bank Nifty is in Overbought Zone, we may see a correction this week. 42500-42700 is major Resistance for this week.
If Index trades below 41980, more Downside Possible. Targets are 41385/40839/39879.
39780-39880 is Important Support Zone and we may see Bank Nifty resumes it's Uptrend once the Index tests these Levels.
Bank Nifty - View and Levels for 23 Nov 2022Bank Nifty Intraday levels for Tomorrow..
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Bank Nifty Weekly Analysis for 31-10-22 to 4-11-22.Bank Nifty Weekly Analysis for 31-10-22 to 4-11-22.
This Week Analysis is almost same as last week. Bank Nifty tested Resistance at the PRZ area and showed some Reversal.
41540-41840 is major Resistance Zone for this Week. If Index Reverses from this Zone, Downside Targets are 40640/39980/39608.
If index sustains above 42000 , we may see a short covering rally with new All Time Highs(ATH).
Bank Nifty 1 hrs EWT AnalysisBank Nifty Elliott Wave Analysis
Bank Nifty can be reach my anticipated target 42000 and Subminuette wave Vth of Minuette wave (iii) rd
Subminuette Wave iii ended 41530 and prime (3-3-3) wave structure made subminuette wave iv ended 40819.
Subminuette Wave v in progress may be ended 42008 which is minimum projection of wave v.
Bank Nifty 1 Hrs EWT Analysis for 42000 TargetBank Nifty Elliott Wave Analysis
Bank Nifty can be reach my anticipated target 42000 and Subminuette wave Vth of Minuette wave (iii)rd
Subminuette Wave iii ended 41530 and prime (3-3-3) wave structure made subminuette wave iv ended 40819.
Subminuette Wave v in progress may be ended 42008 which is minimum projection of wave v.
Bank Nifty 15 min timeframe analysis for intradayBank Nifty 15 min timeframe analysis for intraday
Bank Nifty consolidated today near closing zone of 41100-300
Consolidation before breakout with LH-LH structure is good sign for clear BO.
Tomorrow if market open in between 41200- 41320 (and consolidated ) and give breakout then we can see good up momentum as HDFC bank already given good breakout today and Nifty also given clear breakout with good volume.
If market open with huge gap up gap down, wait and watch till price action structure.
Bank Nifty Trade Setup for 19th October 2022Bank Nifty is looking bullish in the short term with potential to move higher if the 40500 level is broken
Outlook
- Charts : Bullish
- OI Data : Bullish - 40500 is a strong area of resistance
- FII Activity : Super Bullish
Verdict :- Bullish outlook, expect an up move at the opening and if the price is able to sustain above 40500 then we may see 41000 as well. SGX Nifty indicates a flat opening despite the global markets being strongly in green. We may see a larger movement in our index then SGX after opening.
Bank Nifty Cmp 38632 dated 30-9-2022Bank Nifty Cmp 38632 dated 30-9-2022
DAILY Chart Analysis
1. Bullish Engulfing Candlestick On Daily Chart
Have engulfed 2 previous day candles.
Resistance 38850 breakout above target
will be at 39100-39400-39700-40200-40600 SL 37900
Support 37900 breaking below target be at
37200-36500-35500-34800 SL 38400
Bank Nifty 38632 dated 30-9-2022
15 min Chart Intraday levels
1. Buy above 38750 for target 38900-39050-39250 SL 38400
2. Sell below 38490 for target 38350-38200-38000 37950 SL 38700
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, pls trade at your own risk.
Bank Nifty will retrace a little bit.Bank nifty seems to move till 36800, but a small correction is much needed till 38500-3700. So once the level is reached then bank nifty will fall or else if the 38500-38700 resistance is broken then again upward move can be expected.
So kindly plan ur trades properly as per ur analyzation.
Bank Nifty Cmp 38616 DATED 26-9-2022Bank Nifty Cmp 38616 DATED 26-9-2022
Daily Chart
1. Double Top @ 41850
Sell below 38500 for target 38000-37300 SL 39800
Bank Nifty Cmp 38616 dated 26-9-2022
15min time frame
Intraday Levels
1. Support @ 38500
Buy above 38800
Sell below 38500
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, pls trade at your own risk.
BANK NIFTY WEEKLY ANALYSISbank nifty weekly view on 26 to 30 sep. last week bank nifty open 40685.00 close 39946.00 high 41677.00 low 39412.00
total 2265 point high-low so next week also high volatility on my view bank nifty open on 26th sep 39745.00 and sustains
15 min above then go to 40423.00 is my first target bank nifty already oversold possition so my view to take chance bank nifty
bull view
if bank nifty opne below 39300.00 then go down 38791.00 37945.00 36836
BANK NIFTY end of rally?Bank nifty has touched all time high today,after that we have witnessed selling presuure,
incidentally as per channeling the wave 5 th of bank nifty almost touched the upper line of the channel(normally channel is drawn between line connecting 2 nd 4 th and parrallel line drawn through top of wave 3)
In some cases the wave 5 does not touch perfectly the upper line of the channel,just remain shy of that.
In no way I considered this rally of bank nifty as a bear market rally.
of course my 2 targets of 5 th wave has been met,but still one more target has been left.
But if bank nifty corrects from this level we should not have complaint.
Here in this case wave 5 is almost equal to wave 1.
But I still feel one more target is left,
But who am I to decide?.market will decide that.
Let us follow it deligently.
But it seems some corrrection is ahead.
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