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Bank nifty support & Resistance Levels for TomorrowBank Nifty made inside candle today, Inside Candle can be both Bullish & Bearish, Breakout May occur Either side(Bullish/Brearish) So We have to be prepared for the both Scenarios.Below mentioned levels may act as possible support & Resistance for Tomorrow i.e, 25-june-2021. Resistance : 35250- 35150 Support : 35600 >> Always Enter With good confirmation & Maintain proper Risk Reward. ******* Knowledge Purpose only ******** This is my view about Stock/Indices Based on Technical analysis & Price Action . There is no way to predict what will happen in the future or whether a given asset will increase or decrease in value. Because the market cannot be accurately predicted or completely controlled, no investment is risk-free. >> Visit my Ideas Page for Daily Stock Analysis and check my previous stock analysis performance. I usually prefer Swing & Intraday Trades with Good Breakout confirmations and Best Risk Reward Stocks.
NSE:BANKNIFTY
by Ravitejasreevatsav
Bank Nifty: At crucial levels... Keep a close eyeBank Nifty Closing price: 25284 Why so much of importance Lets look at the charts - Bank NIfty currently is at important support line - 20 hr EMA at 25347 - 50 hr EMA at 25346 - 20 hr EMA on the verge of crossing below 50 Hr EMA (which if happens meaningfully could mean more bearish move ahead) We have seen the crossover effect in Nifty... will it be Bank Nifty's turn now...??? Link to Nifty update - 25157 an important support for Bank Nifty. .. (opening reaction level after PSU Capital Infusion News) - Below 25157 doors open for Bank Nifty to test 24880 / 24660 / 24220 Resistance at 25350 / 25448 On any pull backs if we observe selling pressure or inability to sustain above 25350-25450 levels it could signify difficult times ahead for Bank Nifty... Take care & safe trading...!!!
NSE:BANKNIFTYShort
by indiamarketoutlook
Bank Nifty Update Bank Nifty (also known as the Nifty Bank Index) is a stock market index that represents the performance of the 12 most liquid and large-cap banking stocks listed on the National Stock Exchange (NSE) of India. It is a part of the broader Nifty 50 index, which includes 50 of the largest and most actively traded stocks on the NSE. Key Details about Bank Nifty: Constituent Stocks: The Bank Nifty index consists of the top 12 banking stocks, which include major private and public sector banks in India. Some of the prominent banks in the index are: State Bank of India (SBI) HDFC Bank ICICI Bank Axis Bank Kotak Mahindra Bank IndusInd Bank Bank of Baroda Yes Bank Federal Bank Bandhan Bank, etc.
NSE:BANKNIFTY
by TheGoldenFarmsofEquity
Bank Nifty Technical Analysis - 10th April 2024 Santu SahaBank Nifty Technical Analysis - 10th April 2024 ## Market Overview Bank Nifty is exhibiting potential volatility, with clear support and resistance levels identified for potential trading opportunities. Traders should closely monitor key levels for potential breakout or reversal patterns. ### Support Levels **1. Support Levels:** - **48,600:** Identified as the primary support level. If the market opens above this level, it could act as a support zone, indicating potential bullish sentiment. - **48,443:** Designated as a secondary support level. A break below 48,600 could signal further downside movement towards this level. ### Resistance Levels **1. Resistance Levels:** - **48,900:** Identified as the first resistance level. If the market opens above 48,600, traders should watch for potential resistance near this level. - **48,600:** If the market opens below this level, it could act as an immediate resistance level. Above 48,900, no significant resistance is observed due to the absence of historical levels. ### Technical Insights #### Support Analysis The 48,600 support level is crucial for maintaining bullish momentum in Bank Nifty. Traders should closely monitor this level for signs of potential reversal or continuation patterns. A break below 48,600 could lead to increased selling pressure and a potential downtrend towards the 48,443 support level. #### Resistance Analysis The 48,900 resistance level presents a barrier for further upside movement in Bank Nifty. Traders should watch for potential selling pressure near this level if the market opens above 48,600. Above 48,900, no significant resistance levels are observed, indicating potential for further upside movement. ### Trading Recommendation Given the identified support and resistance levels, traders are advised to exercise caution and wait for clear confirmation before initiating new positions. Long positions could be considered above 48,900 with confirmation of sustained buying pressure, while short-term selling opportunities may arise below 48,600. ### Disclaimer: Risk Management Trading involves inherent risks, and traders should implement proper risk management techniques to protect their capital and minimize potential losses.
NSE:BANKNIFTYLong
by santubittu
Bank Nifty Technical Analysis - 21st February 2024Bank Nifty Technical Analysis - 21st February 2024 ## Overview Today's technical analysis for Bank Nifty reveals significant market movements around identified support and resistance levels. Traders should remain vigilant and use key levels to inform their trading decisions. ### Support Levels **1. Support Level 1: 47,121** - A crucial support level that, if the market opens above, may act as a potential reversal point. **2. Support Level 2: 46,425** - Another significant support level, reinforcing the potential reversal zones for Bank Nifty. ### Resistance Levels **1. Resistance Level 1: Between 47,600 and 47,200** - A notable resistance zone where caution is advised for traders. No trading is recommended within this range. ### Technical Insights #### Support Levels Analysis The levels of 47,121 and 46,425 have proven to be essential support zones, as the market took support at these levels. Traders should closely monitor these areas for potential reversals or temporary halts in the downward movement. #### Resistance Level Analysis The resistance zone between 47,600 and 47,200 is identified as a critical region where selling pressure might intensify. Traders are advised to be cautious and avoid trading within this range until a clear breakout or breakdown occurs. ### Conclusion In conclusion, today's analysis underscores the significance of identified support and resistance levels in Bank Nifty. Traders are encouraged to incorporate these levels into their decision-making process, but it's crucial to consider other indicators for a comprehensive analysis. Please remember that market conditions can be dynamic, and trading decisions should be made with a thorough understanding of the current scenario.
NSE:BANKNIFTYLong
by santubittu
*Bank Nifty Support and Resistance Levels 26Dec23 Bank Nifty Support and Resistance Levels: - **Support Levels:** 1. 47400 2. 47200 3. 46940 - **Resistance Levels:** 1. 47650 2. 47800 3. 47900 **Analysis:** - The support levels at 47400, 47200, and 46940 are identified as crucial for potential downside movements in Bank Nifty. - Resistance levels are outlined at 47650, 47800, and 47900, indicating potential hurdles for an upside move. - If the market opens above 47800 and sustains, it may lead to an upside movement in Bank Nifty. - Several support levels are mentioned for potential downside protection in Bank Nifty. **Important Considerations:** - Stay informed about relevant news, economic indicators, and global events that might impact the financial markets. - Ensure a well-defined trading strategy and use risk management tools to manage potential losses. - Regularly monitor price action and technical indicators for insights into market dynamics.
NSE:BANKNIFTYLong
by santubittu
Bank Nifty Technical Analysis for Tomorrow **Bank Nifty Technical Analysis for Tomorrow - September 25, 2023** **Overall Outlook** Bank Nifty is expected to open negative tomorrow, following the negative global markets. However, if the market opens above 44,550, then the 44,500 level will act as a support. On the upside, the resistance levels are 44,970 and 45,200-45,400. **Support and Resistance Levels** **Supports:** * 44,500 (strong support as per OI data) **Resistances:** * 44,800/44,900 * 45,000 * 44,970 * 45,200-45,400 **Trading Strategy** * **Buy:** If the market trades above 44,970 and closes with a 15-minute green candle, then a buying side movement can be expected. * **Sell:** Wait for a breakdown of 44,300 before selling. **Note:** Please follow price action and wait for opportunities to trade. **Additional Comments** * The global markets are negative due to concerns about rising interest rates and a potential recession. * Bank Nifty is a banking sector index, and the banking sector is sensitive to interest rates. * If the global markets continue to remain negative, it could weigh on Bank Nifty as well. * However, if the market opens above 44,550 tomorrow and closes with a 15-minute green candle, then it could signal a bullish reversal. * Traders should carefully monitor the price action and wait for opportunities to trade.
NSE:BANKNIFTYShort
by santubittu
Bank Nifty: Monday - 23/01/23Bank Nifty Intraday Levels: Chart: Setup: Levels: Support: 42500, 42300, 42225, 42110, 41865, 41700 Resistance: 42625, 42700, 42900, 43000 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 42506.8 ATM: 42500 , ITM: 42400, 42300, 42200 , OTM: 42600, 42700, 42800 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 42500 Highest OI Put in Bank Nifty per IO data: 42500 Nearest Major Resistance in Bank Nifty per OI data: 42900 Nearest Major Support in Bank Nifty per IO data: 42100 ---------------------------------------------------------------------| Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 42600 | 42500 | 42800 | 43000 ----------------------------------------- SELL | < 42450 | 42550 | 42250 | 42100 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYLong
by pradipandsuvra
BANK NIFTY 20 DEC AnalysisBank nifty making a range of 43080 to 43450. It may be a neutral zone for a bank nifty. Also trading near the range of 500 moving average, 15 min timeframe. Tomorrow if bank nifty open in this neutral zone & after some time in uptrend if it break 43450 level then you may see 43600 - 43800 level. But at every higher level you may see a selling pressure. 43800 it's a strong resistance for bank nifty. In downtrend if it break 43080 level then you can see a shorting & it will take bank nifty to 42950- 42850 level. In gap up & gap down you must have to wait for price action or pattern. Summary When open in neutral zone & after breaking. Long above 43450 :- 43600 - 43800 Short below 43080 :- 42950- 42850
NSE:BANKNIFTY
by trading360degreeee
Bank Nifty Weekly Analysis for 28-11-22 to 02-12-22.Bank Nifty Weekly Analysis for 28-11-22 to 02-12-22. 42636-42780 is the Weekly Support for Bank Nifty. 43200-43350 is the Resistance for Bank Nifty. Weekly Candles in both the Indices(Nifty & Bank Nifty) are Bullish, but trading in Overbought Zone. We may Expect 3 Possibilities this Week. 1. If Bank Nifty Tests Resistance(43200-43350) and Reverses, Targets on Downside are 42780/42450/42270. 2. If Bank Nifty Sustains Above 43400, Target on Upside is 43923. 3. If Index Tests the Weekly Support(42636-42780) & Bounces back, Targets on Upside are 43065/43200.
NSE:BANKNIFTYShort
by n99trades
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