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As we can see despite the strong opening BANKNIFTY fell over 600++ points which wasn’t directional. Nevertheless we will stick to our analysis of buying the dip till the psychological is broken below for the change in trend so plan your trades accordingly.

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Depsite the weakness, we held on to our view of buying the dip approach till the price doesnt doesnt sustains below the trendline and it REVERSED exactly from our given trendline support with unidirectional rally. Hence we would stay with our original view of buying the dip till the trendline is not breached and expected more of uptrend as it can be seen forming...

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As we can despite the weakness we managed to close above our trendline support and also our psychological level of 51000 hence as long as this level is protected every dip can be bought hence any flat to strong opening can lead to strong upmove but weakness might be seen if yesterdays low is broken below so plan your trades accordingly

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As we can see despite the weakness BANKNIFTY showed strength and closed almost hence as long as BANKNIFTY maintains itself above 51000 every dip can be bought without view being changed so plan your trades accordingly.

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As we can see despite the weakness BANKNIFTY outperformed NIFTY and ended up closing in green. Now that BANKNIFTY looks strong we can expect BANKNIFTY heading towards 52500 and 52800 respectively as there is a pending gap that is to be filled which could potentially act as a RESISTANCE so plan your trades accordingly.

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As we analysed in our previous post that BANKNIFTY’s weekly candle did close above the trendline taking support which confirmed the uptrend and every dip could be bought and we saw exactly that with unidirectional rally. Now it can be seen breaking 51800 level which is also a breakout level hence any flat to strong opening could lead to 52500++ in coming trading...

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As we can see BANKNIFTY managed to close above 51100 level in weekly time frame which shows strength hence as long as BANKNIFTY manages to sustain itself above 51100 every dip can be bought so plan your trades accordingly.

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As we can see despite the weakness BANKNIFTY managed to rally strong taking support at our supposed demand zone so unless the weekly candle is not formed above the zone, no trend reversal can be confirmed so plan your trades accordingly

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As we can see despite the strength BANKNIFTY formed more like an inverted hammer pattern and ended up closing below the trendline showing bearishness as analysed hence if BANKNIFTY opens flat then we may see bearishness to continue but it opens strong then we may see another sideways to volatile market so plan your trades accordingly.

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The Bank Nifty showed impressive resilience today, staging a strong recovery from key demand zones as anticipated. Closing around the crucial 51,000 level, which serves as both a psychological barrier and a former demand zone turned supply zone, sets the stage for an interesting session ahead. If the Bank Nifty opens flat tomorrow, the 51,000-51,100 range is...

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The recent breach of the 51,000 psychological level and important demand zone in BANKNIFTY suggests a potential downward trend. Here are some key points to consider regarding the next support levels: 1. **Immediate Support Levels**: - **49,700**: This level is highlighted as a critical support zone by several analysts. A break below this level could intensify...

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The Bank Nifty index has been under pressure recently, but technical analysis suggests we may be nearing a significant turning point. As the index approaches the psychologically important level of 51,000, traders should be on high alert for signs of a potential reversal. ## Technical Outlook The 51,000 mark represents a crucial support level for Bank Nifty,...

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Given the current geopolitical scenario, BANKNIFTY may face downward pressure. We can expect that if tensions persist, BANKNIFTY could potentially fall to its next psychological level of 51,000 . Investors are advised to remain cautious and consider defensive sectors like pharmaceuticals and FMCG during this period of uncertainty so plan your trades accordingly.

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As we can see BANKNIFTY has successfully changed its short term trend exactly from our given zones and can be seen headed towards next important demand zone. Also following the global news, we can expect market to open negative which could possibly break the demand zone leading to further downfall but we must keep a watch on tomorrows closing as it can be very...

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As we can see BANKNIFTY resisted exactly from our given trendline and closed below our trendline in weekly timeframe. We had a negative bias all the way through and waited for candle to close and we did see a negative pinbar candlestick confirming the downtrend. Now following the trend we can expect BANKNIFTY to fall more till it takes support around the next...

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As we can see BANKNIFTY got strong rejection from our given trendline as we expected and has been waiting for weekly candle to form for the same reason. Now as long as BANKNIFTY maintains itself below the trendline, every rise can be sold so plan your trades accordingly.

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As we can see BANKNIFTY got strong rejection from our given trendline as we expected and has been waiting for weekly candle to form for the same reason. Now as long as BANKNIFTY maintains itself below the trendline, every rise can be sold so plan your trades accordingly.

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As we can see BANKNIFTY managed to close above the given trend line. But the weekly candle is yet to be formed hence we cannot yet make decision based on todays closing above given trend line unless tomorrow it closed hence tomorrow's candle could really be important and decisive so plan your trades accordingly.