BankNifty Intraday Support & Resistance Levels for 04.09.2024On Tuesday, BankNifty opened flat, dipped to a low of 51240 but quickly recovered, closing near the day's high at 51750.10. I clearly mentioned in the previous posts that, "if BankNifty sustains above 51316, we might see a rally to 51750 and beyond," which is exactly what happened. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. With GIFT NIFTY trading 200 points lower, a gap-down opening is possible today.
Support Levels:
Near Demand/Support Zone (75m): 51240 - 51433
Near Minor Demand/Support Zone (15m): 50984 - 51073
Far Demand/Support Zone (30m): 50663 - 50772
Far Demand/Support Zone (30m): 50393 - 50507
Far Demand/Support Zone (30m): 49806 - 50017
Far Demand/Support Zone (125m): 49681 - 49797
Resistance Levels:
Near Supply/Resistance Zone (30m): 52103 - 52340
Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
Search in ideas for "gift nifty"
BankniftySupport Zone 48161- 47853
Resistance Zone 49057-49300
Trends in the GIFT Nifty indicate a positive start for the broader index in India, with a gain of 87 points or 0.39 percent.The Indian market made a smart recovery from the day's low to extend the winning streak to a fifth straight session on April 25 but last-hour profit-booking capped the gains.
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As said earlier gift nifty going to 21520On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
BankNifty Levels for Monday 6th NovBankNifty Levels facing mulitple resistances ahead on higher side and in daily front it is taking resistance at 20 EMA .
Levels to look for Entries based on support and resistance.
Supports are 43100-43200
Resistance are 43400,43550,43600
It might open at one of the resistance areas mentioned above with Gift Nifty closing higher side friday close.
#Banknifty direction and levels for NOV 3"Good morning, friends! As of November 3, the global market sentiment is bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bullish trend. It may open with a long gap-down start because the gift nifty indicates 100+. If it opens with a long gap-up, we can expect a rally continuation when it sustains. On the other hand, if it doesn't sustain after the gap-up and undergoes a minimum 38% Fibonacci correction, we should consider this as a corrective change."
#finnifty direction and levels for NOV 3"Good morning, friends! As of November 3, the global market sentiment is bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bullish trend. It may open with a long gap-down start because the gift nifty indicates 100+. If it opens with a long gap-up, we can expect a rally continuation when it sustains. On the other hand, if it doesn't sustain after the gap-up and undergoes a minimum 38% Fibonacci correction, we should consider this as a corrective change."
Marvellous Monday coming up- Big rebound expected! While the nomenclature may seem ridiculous at first glance, considering the all round negativity around with Dow Jones crashing late Friday night, Gift Nifty indicating a Gap Down Opening, the Middle East Crisis worsening & some experts even going to the extent of predicting World War III. Whether that eventually happens or not is a discussion left for another day. Some so called geniuses predicating a doomsday scenario make us the Equity Investors look the biggest fools. However the technical data suggests that Monday, 23rd October could well see the markets ending in the green led by stocks specifically from chemical, auto & media space. For stock specific predictions, watch this space for more during live market trading hours. For more such interesting & exclusive (via chat on this forum) ideas & predictions do hit the like button & follow my user id- thank you
BankNifty levels for Monday 9th Oct Banknifty reacted well with RBI policy looking bullish and with global sentiments & GIFT NIFTY indicating a gap up open. Expected opening at or arond 44500 to 44600 area in that case wait for retrace it to test the low area support of 44400-44550 area previously resistance if holds then go long with positive price action there for targets of 44600,44700,44800,45000.
Anything sustains below 44400 could test lower area of 44000 and 43800 again.
8832 Bearish kicker possibilityReason for short
a) Bearish kicker opening in gift nifty
b)If found any bearish engulfing or shooting star at 20180 level can be considered for shorting with SL as this is the decision turning point.
c) channel breakdown also possibility
d) if price below yesterdays vwap ie, 20130 closing in 15 min can be considered as super bearish for intraday
SL compulsory
#bankniftyGood morning! As of July 27th, the global market is starting positively, with GIFT Nifty showing a +75 point increase from the previous session. The market seems to be moving in a range without significant differences compared to before. It's moderately bullish, meaning there's an upward bias. We might see a gap-up opening. If the market stays within the range, it's likely to continue going up without a big drop. However, be cautious of a potential correction if it sharply rejects around the fib level of 78%.
#finniftyGood morning! As of July 27th, the global market is starting positively, with GIFT Nifty showing a +75 point increase from the previous session. The market seems to be moving in a range without significant differences compared to before. It's moderately bullish, meaning there's an upward bias. We might see a gap-up opening. If the market stays within the range, it's likely to continue going up without a big drop.
#bankniftyGood morning! As of July 26th, the global market is starting positively, with GIFT Nifty showing a +12 point increase from the previous session. The market seems to be moving in a range without significant differences compared to before. It's moderately bullish, meaning there's an upward bias. We might see a slight gap-up opening. If the market stays within the range, it's likely to continue going up without a big drop. However, be cautious of a potential correction if it breaks below the immediate support zone
#finniftyGood morning! As of July 26th, the global market is starting positively, with GIFT Nifty showing a +12 point increase from the previous session. The market seems to be moving in a range without significant differences compared to before. It's moderately bullish, meaning there's an upward bias. We might see a slight gap-up opening. If the market stays within the range, it's likely to continue going up without a big drop. However, be cautious of a potential correction if it breaks below the immediate support zone
#banknifty"Good morning! As of July 25th, the global market is indicating a positive start, with GIFT Nifty showing a +45 point increase. There is no significant difference from the last session, suggesting a range-bound market structure. The market's nature is moderately bullish, and there is a possibility of a slight gap-up opening. If it sustains within the range, we can expect the market to continue without a correction. However, a correction may occur if it breaks below the immediate support zone."
#finnifty"Good morning! As of July 25th, the global market is indicating a positive start, with GIFT Nifty showing a +45 point increase. There is no significant difference from the last session, suggesting a range-bound market structure. The market's nature is moderately bullish, and there is a possibility of a slight gap-up opening. If it sustains within the range, we can expect the market to continue without a correction. However, a correction may occur if it breaks below the immediate support zone."
#bankniftyGood morning! As of July 24th, the global market is indicating a negative start, with GIFT Nifty showing a -40 point decrease. The market nature is moderately bullish, but there is a possibility of a slight gap-down opening. after that If it takes a pullback, then the range will continue; however, if the gap-down sustains, we can expect correction continuation. That should break the immediate support zone.
#FinniftyGood morning! As of July 24th, the global market is indicating a negative start, with GIFT Nifty showing a -40 point decrease. The market nature is moderately bullish, but there is a possibility of a slight gap-down opening. after that If it takes a pullback, then the range will continue; however, if the gap-down sustains, we can expect correction continuation. That should break the immediate support zone.
#bankniftyGood morning! As of July 20th, the global market is indicating a positive start with GIFT Nifty showing a +2 points increase, resulting in a moderate bullish market sentiment. There is no significant difference compared to the last session, and there is a possibility of a slight gap-up opening. If the market maintains its structure, we can expect a rally continuation with minor corrections. However, in the event of a sharp decline in the initial market, we can anticipate only a minor correction.