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Bankniftyanalysis

BANKNIFTY--Bullish again from 43500??Observations: ------->> We have a Untested Supply zone @43800-43900 level , price have to give respect to this level. Keep long until this level only. --------->>BANKNIFTY again showing bullish pressure at the end of the session, and broken the previous resistance @43500-43600 level , if this level which is previous Resistance if acts as support price is bullish up to 43800-43900 level only. --------->>Go Long : If price comes back to 43500, go long for targets of 43800-43900 level. Price reversal from this zone(43800-43900) but overall momentum is still positive only, wait until further price action to be noticed. Gap downs may also occur at this level be careful here. Short : Don't think of short now, look for buy @43500-43600 level. Until price breaks 43500-43460 level, and the same level acts as resistance then only we have a sell possibility. Keep on long from 43500 to 43900 level.
NSE:BANKNIFTYLong
by IIT-Trader
BANKNIFTY--43400 Acts as Resistance??Observations: ------->> After Opening Gap down --------->>BANKNIFTY again showing bullish pressure towards 43500, if 43360 level which is yesterday's Support if acts as resistance price is bearish again. --------->>Go short : If price breaks 43200 again, go short for targets of 43100,43050. we have a demand zone @ 43000 may again acts as support. ---------->> Expiry may limit the price movement towards both side ,price is consolidates between 43500-43040 levels.
NSE:BANKNIFTY
by IIT-Trader
BANKNIFTY-Trendline Holds or Buyers Exhausted?? BANKNIFTY has been on an upward trend for quite some time now, but it seems like it may be time for a correction at the strong resistance level of 43600. Observations: ----->>However, the trendline is currently acting as a support and the price is still moving up. ------>>Just yesterday, the strong resistance at 43000 was broken, so it's possible that it may now act as a support level. ----->>If the price falls below 43000 again, it's uncertain which level will hold. Which Level Holds: In the past, the price faced difficulties going up at 42700 and failed. But now, that same level may act as support to go higher. It's recommended to stay on the long side until the price breaks below 42700. -------->> If price breaks 42700 and facing resistance @43000 or 42850 level and again breaks 42700 , go for short 42500,42300,42000.
NSE:BANKNIFTY
by IIT-Trader
1
Bank nifty level for the may month-for education purposeWe are not SEBI registered instructor. We are only stock market educator. Kindly take the trade with keeping your own risk and rewards and analysis. This analysis on for education purpose. If bank nifty sustain the level of 43200 in coming week and on closing basis break out 42500 then in month level of 44150 the highest one can be achieved in our personnel view. If bank nifty break down 42900 and sustain the level then it can go to level of 42500 in coming weeks.
NSE:BANKNIFTY
by vijayanjum
BANKNIFTY-Look for sell at 43100-43250 Note : fake breakouts may happens at this level, be careful at this level. Buy plan: if price breaks 43100 and pullback to 43000 levels then go for buying up to 43210,43300,43470. Sell Plan: Look only for sell at these levels. if 43000 breaks and observe a fake breakout and falls below to this level and again 43000 level acts as resistance go for selling targets are 42800,42700,42620. we have Strong support at 42400-42350 levels. Consolidation Levels : 43100-42800
NSE:BANKNIFTYShort
by IIT-Trader