Bank Nifty: Intra day viewBank nifty is looking positive after attempting falling trendline breakout. Can look for long opportunity till index is trading above 47600. Keep on radar.
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Bank Nifty: Intra day viewBank Nifty is not offering good risk reward trade at current levels for long. Seems it trapped call sellers and now call buyers can be in queue. Keep on radar.
Bank Nifty: Intra day viewBank Nifty is looking positive till its trading above 47200. Dip near VWAP levels will offer good risk reward to reach at 47800-47900. Keep on radar.
Bank Nifty is slowly inches towards Recent HighsBank Nifty displayed positive trend ahead of RBI Meeting this week
Any retracement towards 46800 support can be Tracked for Rebound with confirmation
* For Education Purpose
Track and Practice Price Action Setups
Bank Nifty: Intra day viewBank Nifty is looking positive today as sustaining at higher levels after gap up opening. Any dip till 47200 is looking good for long opportunity. Keep on radar. Next resistance level is 47800-47900.
Bank Nifty: Breaking down on 15 minutes time frameBank Nifty is getting ready to break previous two days range. Negative price action can be seen also from last 3 hours. Seems gap will be filled on downside if breakdown sustain. Long unwinding can be seen in last 30 minutes if 46500 breaks & sustain below as tomorrow is monthly expiry also.
Bank Nifty: Intra day viewBank Nifty is still not able to cross first 15 minutes high. Seems both bulls & bears are not confident untill previous day high/low do not break for fresh position. Keep on radar. Can expect range breakout/breakdown in closing session now.
Bank Nifty: Probable range for todayBank Nifty is trading in the range of 46500- 47000 since last few 2 days. Tomorrow is monthly expiry also. Seems we can see consolidation in first half also within this range. Can expect volatility in second half after range breakout considering FINNIFTY expiry. Below 46500 we can expect 46200 and above 47000, 47200 can be seen in quick time. Keep on radar.
Bank Nifty: Forming double top pattern on 15 minutes time frameBank Nifty is forming double top pattern on 15 minutes time frame. Keep on radar below 46800. Can see profit booking in closing session if sustain below 46800 as long weekend is also in queue.
Bank Nifty: Possible range for the day 46300-47200Bank nifty is trading in a range and forming doji candles from last 4-5 days. Expected range for today can be 46300 to 47200. Better to take entry near these levels for better risk reward.
Bank Nifty: Consolidating near last 4 days high rangeBank Nifty is trying hard to sustain above previous last 4 days high. On daily chart, inverted hammer is forming till now. Keep on radar.
Bank Nifty: Intra day viewBank nifty is approaching its resistance zone. Fresh buying at current levels can be risky. Keep on radar to break resistance area and sustain for atleast 30 minutes for fresh buying.
Bank Nifty: Intra day viewBank Nifty is not looking good for fresh long at current levels. Keep on radar for correction. Trading near resistance levels.
Bank Nifty: Intra day viewBank Nifty is not giving good risk reward entry at current levels. Need to wait for pullback upto 46050-46100 before attempting fresh trade. Keep on radar.
Bank Nifty: Intra day view Bank Nifty is not offering good risk reward for long at current levels. Need to clear and sustain above 46825 for atleast 30 minutes for next resistance of 47200. Keep on radar.
BANK NIFTY-Too seems to be in a weaker teritoryBANK NIFTY: Has already breached all its critical DEMAs and has only its 200DEMA which falls at around 46100 and is acting as the major support. Expect sell on rally till it holds above 47000 comfortably and on a closing basis.On the contrary BNIFTY giving a close below 46000 expect a sharp fall extending to 45500/45000 and below.*(For edicational purpose only)
Bank Nifty: Positional view till next weekly expiryBank Nifty is looking good for reversal now. Seems bottom has been made for coming week expiry. Keep on radar till 46100 is protected.
Bank Nifty: Intra day viewBank Nifty is looking for buy on dips for rest of the day now. Seems good consolidation has been done at lower levels. Market may give good bounce at closing session if today's low does not break.
Bank Nifty Technical Analysis - 15th March 2024 Santu SahaBank Nifty Technical Analysis - 15th March 2024
## Market Overview
The market continues to adhere to our discussed support and resistance levels, underscoring the significance of technical analysis. Let's examine the key support and resistance zones for Bank Nifty.
### Support Levels
**1. Support Zone: 46,800**
- Currently acting as a crucial support level.
- A break below this zone may signal a potential downside trend, with the next support seen around 46,200.
### Resistance Levels
**1. Resistance Zone: 47,242**
- Immediate resistance level to monitor.
- If the market opens between 46,800 and 47,242, traders should watch for potential price reactions.
**2. Resistance: 47,600**
- Subsequent resistance level beyond 47,242.
- A decisive move above this level could indicate further upside momentum.
### Technical Insights
#### Support Zone Analysis
The support zone at 46,800 is critical for sustaining the current bullish sentiment. A breach below this level might initiate a downward trend, targeting support at 46,200. Traders should monitor price behavior carefully for potential entry or exit signals.
#### Resistance Zone Analysis
The resistance zone between 47,242 and 47,600 presents key hurdles for further upside movement. Traders should observe price action around these levels for potential breakout or reversal signals.
### Trading Recommendation
Traders are advised to remain vigilant around the support and resistance levels mentioned above. A breakout above the resistance at 47,242 could signal further bullish momentum, while a breakdown below the support at 46,800 may indicate a shift towards bearish sentiment.
### Disclaimer: Exercise Caution
Given the inherent market risks, traders should implement appropriate risk management strategies and exercise caution while trading.
Santu saha. Santubittu
Bank Nifty: Intra day viewBank nifty is trading near support levels. Fresh short are risky at current level. Better is to wait for a pull back upto 47250 or near VWAP levels. Keep on radar.
Bank Nifty Technical Analysis - 13th March 2024 Bank Nifty Technical Analysis - 13th March 2024
## Market Overview
The recent market movements align with our discussed levels, emphasizing the importance of technical analysis for informed trading decisions. Let's review the key support and resistance zones for Bank Nifty.
### Support Levels
**1. Support Levels: 47,277**
- Currently holding as a crucial support level.
- A breakdown below this level may lead to a potential downside towards 46,425.
### Resistance Levels
**1. Resistance Levels: 47,600**
- Immediate resistance level to monitor.
- A sustained trade above this level could indicate a potential move towards the next resistance at 48,000.
**2. Resistance Levels: 48,000**
- A significant resistance zone, acting as a hurdle for further upside momentum.
### Technical Insights
#### Support Zone Analysis
The support at 47,277 is critical, and a breach below this level may signal increased selling pressure, potentially targeting the next support at 46,425.
#### Resistance Zone Analysis
Breaking above the resistance at 47,600 is crucial for bullish momentum. Traders should closely observe how the market reacts around this level as it might set the stage for an attempt to breach the significant resistance at 48,000.
### Trading Recommendation
Traders are advised to monitor the price action around the support and resistance levels. A breakdown below 47,277 could lead to a bearish bias, while a decisive move above 47,600 might pave the way for a potential upside, targeting the subsequent resistance at 48,000.
### Disclaimer: Trade Wisely
It's essential to trade cautiously and employ risk management strategies in the current market conditions.
Santu Saha Santu bittu Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha
Bank Nifty: Intra day viewBank nifty is sustaining below 200 SMS on 15 minutes time frame since last 1 hour. Can see more weakness till index is below 47420. Keep on radar.
Bank Nifty: 15 minutes time frame & 200SMABank Nifty is trading near important support alongwith 200 days SMA support on 15 minutes time frame. Can expect pull back here before fresh weakness. Keep on radar.
