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Bank Nifty 21900-22100 can be used as the trend deciding range Bank Nifty has been underperforming Nifty for some time and it will probably continue to do the same for some time. 21000 is a strong support, I don't see that breaking in a hurry. Y'day's fall was quite steep and alarming though. Important levels are mentioned on chart itself, please trade with caution. Utilise spreads and risk defined strategies only to trade, DM me if you want to know more about low risk strategies. You can also reach me using my handle . Do consult your financial adviser while taking any trading decision involving financial instruments.
NSE:BANKNIFTY
by ipuneet
Bank Nifty made a sensible close by supporting the trend line.BANK NIFTY: Banknifty made a sensible close than the Nifty, the price action supported the breakout trend line and bounced. Also a TS line acted as a good support level. The RSI bounced from the 60 levels, that too is a signature of strength. The lower time frames have to buck up now, the hourly timeframe’s RSI is still wagging between 60-40 levels. 30200 levels on closing basis is important, as long as bank nifty stays above it, the trend in short term shall be positive.
NSE:BANKNIFTY
by BharatJhunjhunwala
Bank Nifty - looking strong at 29411.Bank Nifty expressed good strength throughout the day and closed in the positive zone. Even the "EMA on RSI Indicator" did not give any SELL signal, it crossed an important Resistance / Supply zone of 29325 to 29400, and traded above that for some time and even closed a tad over 29400. Long positions can be retained as long as 29230 holds, target on the upside are 29670, 29870, 29980 and higher. ----------------------------------------------------------------------------------------------------------------------------------------------------- This post is not an advice to speculate using leveraged financial products, one must understand financial implications involved, consult some financial consultant before taking any positions. ---------------------------------------------------------------------------------------------------------------------------------------------------- Please consider hitting the LIKE button below the chart, if you find this post / idea worthy and informative. You may also FOLLOW me over this forum for periodic updates on Nifty and Bank Nifty.
NSE:BANKNIFTYLong
by ipuneet
1
BANK NIFTY: WEEK-TECH-SHEET-> 11th February 2019 to 15th FebruarBANK NIFTY: WEEK-TECH-SHEET-> 11th February 2019 to 15th February 2019 Bank nifty moves around -670.65 pips from 11th February 2019 to 15th February 2019, in which bank nifty break last week 04th February 2019 to 08th February 2019 low 26825.55. As mentioned on reference 09th February 2019 evening order If it continuous to break 27589.75 Buy @t Entry: 27600 Stop Loss: 27000 Target 1: 27750 Target 2: 27800 Target 3: 27900 Target 4: 28200
NSE:BANKNIFTY
by GHSTOCKTRADING
BANK NIFTY: WEEK-TECH-SHEET-> 31ST December 2018 to 04th JanuaryBANK NIFTY: WEEK-TECH-SHEET-> 31ST December 2018 to 04th January 2019 Bank nifty moves around – 506.80pips from 31st December 2018 to 4th January 2019, in which bank nifty breaks last week 24th December 2018 to 26th December 2018 top 27239.95 as well as 17th December 2018 to 21st December 2018 top 27369.10 If it continuous positive Buy @t Entry: 27450 Stop Loss: 26900 Target 1: 27587 Target 2: 27633 Target 3: 27725 Target 4: 28000
NSE:BANKNIFTY
by GHSTOCKTRADING
Bank NiftyBank nifty surprised me today by giving more trending movement compared to nifty. Bank nifty was lacking trending moves once its weekly expiry was reduced to monthly expiry. 😢 Coming back to the analysis, price is moving within a channel today. Price is testing the lower trend line of the upward channel and sustaining current level is important to be bullish. Buy above 48740 with the stop loss of 48660 for the targets 48820, 48900, 48980, 49100, 49180 and 49360. Sell below 48560 with the stop loss of 48640 for the targets 48480, 48400, 48300, 48220 and 48100. Do your own analysis before taking any trade.
NSE:BANKNIFTY
by vanathi
2
Bank Nifty Weekly Analysis For 23-09-24 to 27-08-24Bank Nifty Weekly Analysis For 23-09-24 to 27-08-24 Bank Nifty Weekly candle is a Strong Bullish candle and closed above it's previous ATH. As per ABCD pattern, the Projection for next Impulsive move for Bank nifty is 57042 which we may see in next couple of weeks. Above 54100, Long Bank nifty for the targets of 54800/55600/57050. 52700-53000 is a major support for Bank Nifty. If Bank Nifty gives a pullback and tests support, Long from Support for ATH and above Targets. Short only below 52700 for 52080/51680.
NSE:BANKNIFTYLong
by n99trades
Bank Nifty Reversal Trade-Setup with Great RRBank Nifty is trading at big demand zone and and we see significant potential for an upside move for several reasons: Reasons for Going Long in Bank Nifty: 1. Ichimoku Daily Cloud Bottom 2. Ichimoku Weekly KS Support 3. Bullish MACD Divergence on the 1-hour time frame 4. Completing Triple Correction—WXYXZ (considering a truncated scenario; otherwise, BN might aim for the 127% and 161.8% levels mentioned in the earlier post) CMP: 49,718 Expected Targets: 51,300, 51,700 Stop Loss: 49,590 Disclaimer : We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYLong
by WaveMoku
4
Bank Nifty: Trading in a channel since 4 monthsBank Nifty is trading slight below from upward slopping parallel channel. On shorter time frame, RSI divergence can be seen. If market will respect the channel, can expect green candle tomorrow. Fresh shorts at current levels might be risky untill 47200 is protected. In case of gap down opening, can expect sharp bounce to retest lower range of channel. ICICI Bank one of the major component of bank nifty is also trading near support zone. RSI Divergence can also be seen in HDFC Bank. Accordingly fresh shorts position is looking risky till 47200 is protected.
NSE:BANKNIFTY
by khulvenaveen
Bank Nifty Weekly Analysis For 06-05-24 to 10-05-24Bank Nifty Weekly Analysis For 06-05-24 to 10-05-24 49500-49980 is Major Resistance For Bank Nifty. 48500 is the Support for Bank Nifty Next week. 48500-49500 is the Range for Bank Nifty Next Week. Best trade set up for monday is, If bank nifty recovers and retests 49500, short from top for the targets of 49000/48600. If bank nifty breaks and trades below 48500, Downside targets are 48080/47780. Long Only above 5000. Verdict: Volatile Market.
NSE:BANKNIFTYShort
by n99trades
Bank Nifty Weekly Analysis For 22-04-24 to 26-04-24Bank Nifty Weekly Analysis For 22-04-24 to 26-04-24 47900-48100 is Major Resistance For Bank Nifty. 46500-46600 is the Support for Bank Nifty Next week. 46500-48000 is the Range for Bank Nifty Next Week. 48100 is a key Level as we can see both reversal & Continuation. If Bank Nifty Sustains above 48100, more upside possible and Targets are 48500/48900. If Bank Nifty rejects from 48100, Downside Targets are 47600/47080. Verdict: Volatile Market.
NSE:BANKNIFTYShort
by n99trades