Bank Nifty levels
NSE:BANKNIFTY No changes from previously mentioned levels. BNF still getting Resistance from 41690 and above levels. Refer the related link below (FEB 5).
All positional best to be avoided until a clear up move above 41700 -42000
Bankniftyanalysis
10/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above 8th Feb high 41800 and taking Support from 41800 then open target for T1-4200,T2-42200,T3-42400
If the Banknifty after a Gap-Down opening sustain Below last day low 41300 and and taking resistance below 41300 then the open Targets for T1-41000,T2-40800,T3-40700
Major Levels 41600,41500,41400
09/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Small Gap-Down is going to open
After A Small Gap-Down opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-41900,T2-42000,T3-42200
If the Banknifty after a Small Gap-Down opening sustain Below last day low 41400 and and taking resistance below 41400 then the open Targets for T1-41200,T2-41000,T3-398000
Major Levels 41600,41500,41400
Bank Nifty: Multi time frame analysis1) NSE:BANKNIFTY : Daily time frame - Consolidation going on at at the same area where previous consolidation happened. On the first occasion this led 3600 points break down and on the second occasion led to 2400 points up move. One positive aspect is that there are long wicks in candles which are signs of demand. All positional bet to be avoided unless price clearly moves above 41700 or below 41100. Until then stick to Intraday.
2) NSE:BANKNIFTY : Hourly time frame - Clear volatility contraction visible at this TF. With nice drop in volumes. Usually these are signs of break out. But wait until it happens. No pre-emptive trade.
3) NSE:BANKNIFTY : 15 minutes time frame - Price is in range. All signs of breakout/breakdown to be first spotted from this time frame. Should watch closely.
4) NSE:BANKNIFTY : 5 minutes time frame - From 6th onwards price is trading below VWAP, actually this is a sign of bearishness. But price closely following VWAP and sticking to it whenever there is trend to move away
08/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONE
Hello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-41900,T2-42000,T3-42200
If the Banknifty after a Gap-Up opening sustain Below last day low 41500 and and taking resistance below 41500 then the open Targets for T1-41300,T2-40100,T3-40000
Major Levels 41600,41500,41400
CE Buyers Activate Zone 08/02/2023NSE:BANKNIFTY
08/02/2023 Trading condition -
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Bankninfty Open and Breakout their resistance level 41520 and are holding in the upside , We expected banknifty Touch 41720/ 42050 next Resistance level /Target.
Stoploss swing low.
Thankyou and keep learning.💚
PE Sellers Activate Zone 08/02/2023 NSE:BANKNIFTY
08/02/2023 Trading condition -
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Bankninfty Open their Resistance level 41730-41680 and making negative candle on top in 2MIN Timeframe , We expected Banknifty Down 100-150point / 41520 Support level /Target.
Stoploss Rsistance level.
Thankyou and keep learning.💚
banknifty 15 min analysis for tomorrow 08 feb 2023banknifty 15 min analysis for tomorrow 08 feb 2023
7/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-42000,T2-42200,T3-42400
If the Banknifty after a Gap-Up opening sustain Below last day low 41250 and and taking resistance below 41250 then the open Targets for T1-41000,T2-40800,T3-40600
Major Levels 41600,41800,42000
CE Buyers Activate Zone 07/02/2023NSE:BANKNIFTY
Tuesday 06/02/2023 Trading condition -
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Bankninfty Open and Breakout Trendline and are holding in the upside , We expected banknifty Kiss💋 41550/41700 next Resistance level /Target.
Stoploss swing low.
Thankyou and keep learning.💚
PE Sellers Activate Zone 07/02/2023 NSE:BANKNIFTY
Tuesday 07/02/2023 Trading condition -
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Bankninfty Open Take ResistanceTrendline and Cross strong support level 41323 , We expected Banknifty kiss💋 41080 Support level /Target.
Stoploss Rsistance level.
Thankyou and keep learning.💚
BANK NIFTY 07.02.2023NSE:BANKNIFTY Refer yesterday mentioned levels. Given that, from 41690 onwards could face stiff resistance and today made a high of 41725 and reversed. Also given that 41200 and blow could lend support and got support at 41260.
If todays high is taken out on tomorrow, good chance to reach up to 42000 - 42300 which is also budget day high. Reason Low volume zone all the way. 41100 to 41200 area can offer some support. Refer the chart.
Meanwhile at 15 minute timeframe one beautiful VCP pattern is getting printed the break out of which will push the price up to above mentioned levels. refer the chart below.
Please keep in mind following charts NSE:BANKNIFTY Daily time frame. If you remove the negative noise from the market for the moment there is nothing wrong with BNF charts. Daily time frame shows a consolidation. Refer chart below.
NSE:BANKNIFTY weekly time frame looks like a shakeout. Refer chart below.
NSE:BANKNIFTY - Tomorrow levelsNSE:BANKNIFTY
It will be a good idea to sit out( NO TRADE) during the phase of price visiting in the region of 41700 to 42000
If price pulls back to 41100 - 41200 and gets support it will be good region to go long since it offers good risk reward
In that case SL should be 40950 and can look for a target of 41500
Bank nifty will move up or down ???After indian government announced budget market react very abstract. So on charts bank nifty looks confusing. Bank nifty must cross either 42000 or 39500 level for further clearity. As per hourly trend bank nifty is in downtrend so bank nifty may fall till 38000 in coming days if 39500 break with volume on hourly charts. WE can plan long only after 42000 level reclaimed. Till bearish moves are expected. So trade with stoploss.
Bank Nifty veiw for intraday 6th feb.If BN opens flat, wait for price action to form. If after making a range, it break out upside, we can see targets mentioned in the chart.
BANKNIFTY-1HR TIME FRAMEIt has been observed from the chart of
banknifty that it consolidated in a descending triangle and then
given break down of the triangle I have labeled as was observed,
in a bigger picture it is forming a Big ABC where:
A & B are completed and the first leg (a) of C is formed and currently in (b) leg of C.
We can assume the upper cap would be around 42k for completion of (b) of C,
after that we would give an impulsive down move for C wave.
This is what I am observing in Banknifty chart.
Any suggestion will be welcomed.
Please like if you liked it
CE Buyers Activate Zone 06/02/2023NSE:BANKNIFTY
Monday 06/02/2023 Trading condition -
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Bankninfty Open and Breakout their resistance level 41550and are holding in the upside , We expected banknifty Kiss💋 42050 next Resistance level /Target.
Stoploss swing low.
Thankyou and keep learning.💚
PE Sellers Activate Zone 06/02/2023 NSE:BANKNIFTY
Monday 06/02/2023 Trading condition -
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Bankninfty Open their Resistance level 41580 and making negative candle on top , We expected Banknifty kiss 41230 /40900 Support level /Target.
Stoploss Rsistance level.
Thankyou and keep learning.💚
BANKNIFTY MONDAY Banknifty Monday 06 02 2023
Banknifty closing Friday EMA 200 day .
RSI are 60 Above
30mint timeframe use
This chart are only educational purpose only
03/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 41000 and taking Support from 41000 then open target for T1-41200,T2-41400,T3-41600
If the Banknifty after a Gap-Up opening sustain Below 40000 and and taking resistance below 40000 then the open Targets for T1-39800,T2-39600,T3-39500
Major Levels 40500,41000,40800
Possible move for friday Index is looking positive for intraday basis. 40750 is very much crucial and till index trading above 40750 there is high possibility of upside move.
PE Sellers Activate Zone 03/02/2023 NSE:BANKNIFTY
Expiry day is over, I hope everyone must have made a lot of profit.
Friday 03/02/2023 Trading condition -
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Bankninfty GapUp Open their Resistance level 41100 and making negative candle on top , We expected Banknifty kiss 40900 Support level /Target.
Stoploss Rsistance level.
Thankyou and keep learning.💚
