Resistance level:42675.75
Support level : 42401.05
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles...
Buy above 42980 with the stop loss of 42920 for the targets 43060, 43180, 43300 and 43380. Sell below 42880 with the stop loss of 42940 for the targets 42800, 42720, 42600 and 42520. Expected expiry day range is 42700 to 43300.
Expecting BN to hit 42610 trww. If this fails then the up move be will fast . Trgs on Chart.
10.15am & 3.15pm - Trend Change time on hrly charts for trww.
DAILY TREND CHANGE dates are mentioned on the chart. Observe how price has moved on previous such dates.
Bank nifty came near important level and we are buying for a above Level Tp this is an amazing trade with small SL and large to please follow your risk management thank you
Bank Nifty is at Crucial Support of 43000 Zone. In my view, Bank Nifty is more Bullish than Nifty in the Long term.
1. Bank Nifty Closed below 43000, But is still in the Support Zone. We can plan Buying based on Price action today and we can achieve a Good RR Ratio of more than 1:2 and 1:3.
2. If Bank Nifty sustains below 43000 and breaks the support trendline,...
Bank Nifty Analysis for 05-01-23.
If Bank Nifty Trades below 42850, more downside possible & Targets are 42690/42573.
If Index Sustains above 43220, Upside Targets are 43333/43424.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). If any doubt for take...
important level are marked on chart. from last three days we can see range bound ..either side breakout wer can plan our trade according our risk and reward.
The global market indicates a positive start. market nature is bearish. market may start with a little bit gap-up. After that, if the market breaks the previous day's low, then we will expect correction continuation. On the other hand, if the gap-up sustain, then we will expect a minimum of 61 to 78% pullback wave.
Today will be a gap up opening in BANKNIFTY. Expected opening 43000 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 43450 level. And this rally can extend for another 400 points if it gives breakout of 43550 level. Any Major downside only expected in case banknifty starts trading below 42950 level.
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(05/01/2023)](https://s3.tradingview.com/3/3kKJKq7H_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(05/01/2023)")
