Banknifty Intraday Levels: 24-Jun-24 Banknifty closed at crucial level make or break point 52000 strong resistance Zone sustain above 52000 expected bullish momentum and breakout of Trendline retest the resistance Zone then it bearish momentum expected below 51370
Before any entry take other confirmation by adding indicators or your strategy.
Bankniftyintraday
21 JUN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A gap up opening if BankNifty sustains Above 51500 and takes Support from 51500 then open target for T1-51600, T2-51700,T3-51900
If the BankNifty gap up opening sustains Below 51500 and takes resistance below 51500 then the open Targets for T1-51300, T2-51200,T3-51000
Major Levels 51500,51400,51600
If the market stands in this area of 51500 to 51800, then it is possible that even today the market will remain in the range.
20 JUN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A gap up opening if Banknifty sustains Above 51000 and takes Support from 51000 then open target for T1-51200, T2-51400,T3-51500
If the Banknifty gap up opening sustains Below 51000 and takes resistance below 51000 then the open Targets for T1-50800, T2-50700,T3-50600
Major Levels 51000,51200,50800
If the market stands in this area of 51000 to 50800, then it is possible that even today the market will remain in the range.
19 JUNE 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
Focus to buy above 50200 if sustain above 50100 focus for short selling
After A gap up opening if Banknifty sustains Above 50200 and takes Support from 50200 then open target for T1-50400, T2-50500,T3-50700
If the Banknifty gap up opening sustains Below 50200 and takes resistance below 50200 then the open Targets for T1-49900, T2-49800,T3-49700
Major Levels 50200,50300,50100
If the market stands in this area of 50000 to 50200 then it is possible that even today the market will remain in the range.
Was never with the bears.Bank Nifty was never bearish the whole time. There is every possibility that 49300 will be protected this week. Every dip in the morning should be seen as a chance to buy calls. Unless some extraordinary selling comes in the market, Bank Nifty should either consolidate or fly. The only negative is the bearish day candle formed yesterday. The top of which will be the SL for Call writers.
[INTRADAY] #BANKNIFTY PE & CE Levels(15/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 48450 level then possible downside rally of 400-500 points upto 48050 Level & this rally can can extend another 400 points if market gives breakdown 47950 level in todays session.Any Major upside only expected in case banknifty starts trading above 48550 level to 48950 level.
10 APRIL 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap down
Focus to buy above 48500 if sustain above 48400 focus for short selling
After A gap down opening if Banknifty sustains Above 48600 and takes Support from 48600 then open target for T1-48700, T2-48800,T3-49000
If the Banknifty gap down opening sustains Below 48400 and takes resistance below 48400 then the open Targets for T1-48300, T2-48200,T3-48100
Major Levels 48500,48600,48800
If the market stands in this area of 48600 to 48800 then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 level & this rally can extend another 400 points if market gives breakout 48550 level in todays session.Any Major downside only expected in case banknifty starts trading below 47950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(28/02/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46550 level then possible upside rally of 400-500 points upto 46950 level & this rally can extend another 400 points if market gives breakout 47050 level in todays session .Any Major downside only expected in case banknifty starts trading below 46450 level.
26 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open flat
After A gap flat opening if Banknifty sustains Above 47200 and takes Support from 47200 then open target for T1-47300, T2-47400,T3-47600
If the Banknifty flat opening sustains Below 46800 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500
Major Levels 47000,46800,46500
If the market stands in this area of 47000 to 46800 then it is possible that even today the market will remain in the range.
BANKNIFTY ANALYSIS BANKNIFTY Analysis for the Upcoming Session:
1. Previous Day High and Open Interest (OI) Resistance:
- Previous Day High (PDH): 47,135
- OI Resistance Zone: 47,135 to 47,250
- Analysis: The previous day high at 47,135 represents a crucial level. If the price surpasses this point, it may encounter resistance in the OI resistance zone from 47,135 to 47,250. Traders should closely monitor price action in this area for potential breakout opportunities.
2. Previous Day Low and OI Support:
- Previous Day Low (PDL): 46,777
- OI Support Zone: 46,777 to 46,870
- Analysis: The previous day low at 46,777 serves as a key reference point. If the price approaches this level, it may find support within the OI support zone ranging from 46,777 to 46,870. Traders should observe how the market reacts around this area, as a bounce or breakdown could indicate potential future movements.
Overall Analysis:
- The market has established a range between the previous day high and low.
- Traders should pay attention to the OI resistance zone above the previous day high and the OI support zone below the previous day low.
- A breakout above the OI resistance zone could signal bullish momentum, while a breakdown below the OI support zone may indicate a bearish trend.
Key Takeaways for Traders:
- Bullish Scenario: A decisive move above the previous day high and the OI resistance zone could provide opportunities for bullish trades.
- Bearish Scenario: If the price drops below the previous day low and the OI support zone, it may present opportunities for bearish trades.
- Caution: Traders should exercise caution within the established range and wait for clear signals before initiating significant positions.
Remember, this analysis is based on historical price levels and open interest data, and actual market conditions may vary. It's essential to use additional technical indicators, real-time data, and risk management strategies for a comprehensive trading approach. Always stay informed about external factors and market news that could influence the Bank Nifty's movements.
13 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap down
After A gap down opening if Banknifty sustains Above 44600 and takes Support from 44700 then open target for T1-44800, T2-45000,T3-45100
If the Banknifty gap down opening sustains Below 44600 and takes resistance below 44600 then the open Targets for T1-44300, T2-44200,T3-4400
Major Levels 44600,44500,44800
If the market stands in this area of 44600 to 44700 then it is possible that even today the market will remain in the range.
12 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 46100 and takes Support from 46200 then open target for T1-46300, T2-46400,T3-46500
If the Banknifty gap up opening sustains Below 46000 and takes resistance below 46000 then the open Targets for T1-45800, T2-45700,T3-45500
Major Levels 46000,46200,45800
If the market stands in this area of 46000 to 46200 then it is possible that even today the market will remain in the range.
Falling Wedge pattern breakout in BANKNIFTYBANKNIFTY INDEX
Key highlights: 💡⚡
✅On 15 MIN Time Frame Banknifty index Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 45880+.
✅Can Go Long in this Banknifty index by placing a stop loss below 44830-.
09 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap down
After A gap down opening if Banknifty sustains Above 45100 and takes Support from 45000 then open target for T1-45200, T2-45400,T3-45500
If the Banknifty gap down opening sustains Below 45000 and takes resistance below 45100 then the open Targets for T1-44800, T2-44700,T3-44500
Major Levels 45000,45200,44800
If the market stands in this area of 44800 to 45100 then it is possible that even today the market will remain in the range.
Reversal Parallel Channel Pattern in BANKNIFTYBANKNIFTY Index
Key highlights: 💡⚡
📈 On 15 Min Time Frame Banknifty Index Showing Reversal of Parallel Channel Pattern.
📈 It can give movement upto the Reversal Final target of Below 45590-.
📈 There have chances of breakdown of Support level too.
📈 After breakdown of Support level this Banknifty index can gives strong downside rally upto below 45150-.
📈 Can Go short in this Banknifty index by placing a stop loss Above 46240+.
08 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 46000 and takes Support from 46000 then open target for T1-46100, T2-46200,T3-46400
If the Banknifty gap up opening sustains Below 45500 and takes resistance below 45500 then the open Targets for T1-45300, T2-45200,T3-45000
Major Levels 46000,45800,46200
If the market stands in this area of 46200 to 46000 then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels (29/01/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 45050 level then possible upside rally of 400-500 points upto 45450 level & this rally can extend another 400 points if market give breakout 45550 level.Any Major downside only expected in case banknifty starts trading below 44950 level.
29 JAN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 45500 and takes Support from 45500 then open target for T1-45600, T2-45800,T3-46000
If the Banknifty gap up opening sustains Below 45000 and takes resistance below 45000 then the open Targets for T1-44800, T2-44700,T3-44600
Major Levels 45000,45200,45500
If the market stands in this area of 45500 to 45300 then it is possible that even today the market will remain in the range.
25 JAN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap down
After A gap down opening if Banknifty sustains Above 44800 and takes Support from 44800 then open target for T1-45200, T2-45300,T3-45500
If the Banknifty gap down opening sustains Below 44600 and takes resistance below 44600 then the open Targets for T1-44400, T2-44200,T3-44100
Major Levels 45000,45200,44800
If the market stands in this area of 45000 to 45200 then it is possible that even today the market will remain in the range.
23 JAN 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 46200 and takes Support from 46200 then open target for T1-46400, T2-46600,T3-46800
If the Banknifty gap up opening sustains Below 46200 and takes resistance below 46200 then the open Targets for T1-46000, T2-45900,T3-45800
Major Levels 46200,46000,46400
If the market stands in this area of 46400 to 46200 then it is possible that even today the market will remain in the range.
16 SEPT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A Gap-up opening if Banknifty sustains Above 48000 and takes Support from 48100 then open target for T1-48200, T2-48400,T3-48600
If the Banknifty Gap-up opening sustains Below 48000 and takes resistance below 48000 then the open Targets for T1-47800, T2-47700,T3-47600
Major Levels 48000,48200,47800
If the market stands in this area of 48000 to 48200, then it is possible that even today the market will remain in the range.