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Bank Nifty Analysis: Critical Support and Resistance Levels By Santu Saha (Santubittu) Understanding the Market: Support Zones: * Primary: 50850 * Secondary: 50400 * If Bank Nifty opens between 51600 and 51300, initial support at 51350. Resistance Zones: * Initial: 51770 * If Bank Nifty opens below 51770, initial resistance at 51772....

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**Analyzing Nifty 50 Index Levels for May 17, 2024** *Based on the provided levels and market conditions, let's delve into the potential support and resistance levels for Nifty 50 on May 17, 2024, to aid traders in their decision-making process.* ### Support Levels: 1. **Primary Support Zone:** 22350 to 22300 (Conditional) - If the market opens with a gap...

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**Analyzing Bank Nifty Index Levels for May 17, 2024** *Building on the previously identified levels and market dynamics, let's explore the potential support and resistance zones for Bank Nifty on May 17, 2024, to guide traders in their decision-making process.* ### Support Levels: 1. **Primary Support Level:** 47814 2. **Secondary Support Level:** 47620 3....

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**Analyzing Bank Nifty Index Levels for May 15, 2024** ### Support Levels: 1. **Primary Support Level:** 47620 - Identified as a significant support level, traders should monitor price action around this level for potential bounce-back opportunities. 2. **Conditional Support Level:** If the market opens gap up above 47814, anticipate support around 47800,...

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**Navigating Nifty 50 Index Levels for May 15, 2024** ### Resistance Levels: 1. **Primary Resistance Zone:** 22300 to 22350 - If the market breaches and trades above this range, it could signal a bullish momentum, potentially leading to an upside movement in Nifty 50. ### Support Levels: 1. **Primary Support Level:** 22150 (Conditional) - If the...

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Navigating Nifty 50 Index Levels for May 14, 2024 *As the trading session approaches on May 14, 2024, understanding the key support and resistance levels for Nifty 50 is essential for devising a well-informed trading strategy. Here's a detailed analysis to guide your trading decisions.* ### Resistance Zones: 1. **Primary Resistance Zone:** If the market opens...

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Analyzing Bank Nifty Index Levels for May 14, 2024 *As of May 13, 2024, Bank Nifty is poised for potential movements, and understanding key support and resistance levels is crucial for informed trading decisions. Here's a comprehensive analysis for navigating the Bank Nifty Index on May 14, 2024.* ## Support Levels: 1. **Primary Support:** 47656 2. **Secondary...

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Nifty 50 Technical Analysis - 10th April 2024 ## Market Overview Nifty 50 is exhibiting a range-bound behavior with well-defined support and resistance levels, providing potential trading opportunities for traders. Monitoring key levels is essential for identifying potential breakout or reversal patterns. ### Support Levels **1. Support Levels:** -...

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Bank Nifty Technical Analysis - 10th April 2024 ## Market Overview Bank Nifty is exhibiting potential volatility, with clear support and resistance levels identified for potential trading opportunities. Traders should closely monitor key levels for potential breakout or reversal patterns. ### Support Levels **1. Support Levels:** - **48,600:** Identified as...

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Nifty 50 Technical Analysis - 9th April 2024 ## Market Overview Nifty 50 is exhibiting signs of potential volatility, with clear support and resistance zones identified for potential trading opportunities. Traders should closely monitor key levels for potential breakout or reversal patterns. ### Support Levels **1. Support Levels:** - **22,600:**...

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Bank Nifty Technical Analysis - 9th April 2024 ## Market Overview Bank Nifty exhibited a lack of significant support and resistance zones within the current trading range. Traders should exercise caution and closely monitor key levels for potential trading opportunities. ### Support Levels **1. Support Zone:** - **48,443:** Identified as the primary support...

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Nifty 50 Technical Analysis - 21st March 2024 ## Market Overview Let's examine the support and resistance levels for Nifty based on recent market trends. ### Support Levels **1. Support: 21,730** - Key support level for Nifty 50. - If the market trades below this level, it may indicate a bearish trend, with potential downside movement towards...

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Bank Nifty Technical Analysis - 21st March 2024 ## Market Overview Let's examine the support and resistance levels for Bank Nifty based on recent market trends. ### Support Levels **1. Support: 46,400** - Significant support level for Bank Nifty. - If the market opens with a gap up and sustains above this level, it may signal potential upside movement...

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Nifty 50 Technical Analysis - 19th March 2024 ## Market Overview Let's examine the key support and resistance levels for Nifty 50 based on recent market movements. ### Resistance Levels **1. Resistance Levels: 22,200** - Initial resistance level to watch. - Significant resistance at 22,400. - A breakout above 22,200, followed by sustenance, could...

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Bank Nifty Technical Analysis - 19th March 2024 ## Market Overview Let's examine the key support and resistance levels for Bank Nifty based on recent market movements. ### Support Levels **1. Support Levels: 46,400** - Crucial support level to watch. - Further downside potential if breached. - Breakdown below 46,400 may trigger a downside...

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Nifty 50 Technical Analysis - 15th March 2024 ## Market Overview Let's examine the key support and resistance levels for Nifty 50 based on recent market movements. ### Support Levels **1. Support Levels: 22,100** - Initial support level holding firm. - Further support at 21,800. - A breach below 22,100 may lead to a downside move towards 21,900. ###...

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Bank Nifty Technical Analysis - 15th March 2024 ## Market Overview The market continues to adhere to our discussed support and resistance levels, underscoring the significance of technical analysis. Let's examine the key support and resistance zones for Bank Nifty. ### Support Levels **1. Support Zone: 46,800** - Currently acting as a crucial support...

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Nifty 50 Technical Analysis - 13th March 2024 ## Market Overview The recent market movements continue to align with our discussed levels, demonstrating the effectiveness of technical analysis. Let's review the key support and resistance zones for Nifty 50. ### Support Levels **1. Support Levels: 22,262 - 22,250** - Significant support levels currently...