Bank Nifty Index Futures (BANKNIFTY1!) on a 4-hour timeframe
Support Levels: 51,000: This level has shown strong support in recent sessions. 50,650: Another significant support level where buying interest has been observed. Resistance Levels: 51,470: If the price breaks above this level, it could target higher resistance levels. 51,800: This is a crucial resistance level to watch for potential breakouts
Equity Pandit predicts that Bank Nifty will be considered bearish if it trades below 51,417 levels.
46,213
According to a TradingView analysis, if Bank Nifty travels above 45,969, it may reach its full target of 46,213.
45,785
According to a TradingView analysis, 45,785 is an important level. If the price remains above it and crosses standard deviation 2, it may go much higher.
Support and Resistance Levels: Identify recent highs and lows to determine where the price might encounter resistance or find support. These are crucial for predicting potential reversals or breakouts.
Trendlines: Draw trendlines to visualize the current trend direction. Trendlines can help you spot trend continuation or reversal patterns.