Support 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...
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How To Become...
BankNifty opened with a gap down of 400+ points and took the support of 47900 and reversed till resistance zone of 48550 in the second part of the trading. Now the resistance zone of 48250 is a support zone.
If BankNifty sustains above the resistance of 48550 we can expect a upward movement to below resistance levels
Resistance 1 48550
Resistance 2 48800
...
BankNifty Analysis - Stance Bullish ⬆️
BN also gets a stance upgrade to bullish, the momentum that was lacking till now came from sources we never knew existed. Kotakbank has a stunning 9.11% weightage on BN index and despite it being 10% down, BN managed to rally 886pts ~ 1.86% intraday today.
BN managed to surpass the 48103 resistance which gave it the bullish...
Hello Everyone. The market was in a bullish mode today. As per the US market it looks like a gap down opening tomorrow. If you made profits today then its better not to trade tomorrow as premiums are high and operators will try to get traders SL throughout the day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to...
NSE:BANKNIFTY
Highest Call writing of 20.77 Lakh at 48500 strike followed by 18.70 Lakh at 49000 strike. Highest Put writing of 25.35 Lakh at 48000 strike followed by 13.98 Lakh at 47500 strike.
As the weak US Q1 Data and gap down opening expected and if bounced then Index may face resistance near 48500 - 48650 level and and go upto 49000 is sustain above...
NSE:BANKNIFTY
Highest Call writing of 11.10 Lakh at 48500 strike followed by 9.37 Lakh at 48000 and 7.66 Lakh at 49000 strike. Highest Put writing of 12.99 Lakh at 48000 strike followed by 8.21 Lakh at 48200 strike and 5.53 Lakh at 47500 strike.
Index may face resistance near 48500 - 48650 level and and go upto 49000 is sustain above 48650 level.
Index has...
#Banknifty:26th April
Step1: 48163-48064....zone good level to buy long.
Step2: Swing low 47911....possible. buy and hold long.
Step3: stay invested for 48985 within Monday.
26 apr 2024
WORLD MARKETS
1. World markets are looking positive.
INDIA VIX AND GIFT NIFTY
1.India VIX is below 11 indicating more bullishness.
2. GIFT Nifty is indicating a gap down of 112 points. Surprising. Back below 22500 levels.
INDEX HEAVY WEIGHTS
1. HDFC Bank is still consolidating with a narrow range of 1500 - 1515. We may see more consolidation with...
NSE:BANKNIFTY on a weekly timeframe is trading in the channel, unless we get a breakout or breakdown of the channel it won't be easy to find a good trend on either side. With geopolitical tensions rising and looking at the charts and the fall in NSE:BANKNIFTY last week there will be selling on every rise. The preferred way to trade this will be selling 48500...
BANKNIFTY Intraday Trade Setup For 26 Apr 2024
Bullish-Above 48650
Invalid-Below 48540
T- 48250
Bearish-Below 48050
Invalid-Above 48160
T- 47550
BANKNIFTY has closed on a bullish note with 0.63% gain today. It opened with a big gap down of 400 points and then recovered immediately and ended closing near day high. Seeing today's daily candle if index flat...
* Downward channel pattern
* Resistance and Support levels are mentioned
* A 30 Min candle has to come out of the channel and close above mentioned resistance level
* If that happens, we might see a rally up to 48500
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction...
Symbol - BANKNIFTY
BANKNIFTY gave a breakout of ATH & touched 49000 level & then exhibited some profit booking due to global news flow. It is currently trading at 47335 which is a good support area.
I think BN will take support at these levels & will show a reversal from here.
Hence I am creating long positions in BN futures at CMP 47335.
I will add more...
BankNifty Support and Resistance levels to trade on friday are
Support is 47000-46950 area look for breakdown or rejection here down side targets will be 46800,46650,46600. if support got held reversal can play till targeting 47400 area
Resistance is 47350 to 47400 area look for breakout or rejection here higher side target will be 47550,47600,47750,47800 and...
Reason for Batmann strategy
a) Some consolidation near 47000 and or Sharp short covering rally possible
b) Still QQE not supporting upside and hence any consolidation possible
c) Strong support at 46000 will bounce upside
d) strategy for first two weekly only
Bank Nifty is trading near resistance levels. Not looking good for long at current levels. 48000-48100 will act as support. 48300-48400 is acting as resistance zone. Keep on radar for range breakout.
