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Bankniftyanalysis

BANK NIFY PRE BUDGET RALLY ???On hourly charts , bank nifty take support near 40000 to 39600 level. This is very crucial level because 2 reasons 1. We draw Fibonacci from bottom to top then 39730 level is 0.382 % retracement level. 2. 40000 is big psychological level and also bank nifty fall from 43000 to 39600 which is 3500 point rally with no retracement. By above logic we could expect correction upto 40700 level. Enter only when hour candle closes above 41000 level. Trade with stoploss. see you soon!!
NSE:BANKNIFTYLong
by tushardbhalshankar
1
Bank nifty levels Hello Traders, We saw a blood bath on banking index on Wednesday. Bank nifty fell more than 1000 points. We had alerted this preciously. we had anticipated the same earlier, details already explained For bank nifty 41500 is an important support and it is not so easy for the index to break. I am expecting some bounce back towards 42300 level. We have multiple resistances but 41900 & 42300 is going to play very crucial. Any way if we break 41500 then this will open doors for further downside.
NSE:BANKNIFTY
by TheStocktrader_Skn
Level for expiry day Hello Traders, As expected, we faced resistance at 43000 and there was a profit booking of nearly 400 points upon it failed to hold above 43000. In an hourly time frame its looking like index was re-testing the breakout and there is an upside possible till index holding above todays low i.e., 42620 but 42850 & 42900 range can act as very important resistance. If index reversing back and breaking 42620 then we may see a good down fall. Have a profitable monthly expiry. Thanks for watching!
NSE:BANKNIFTYShort
by TheStocktrader_Skn