Bankniftyintradaylevels
22 DEC 2023 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 48000 and takes Support from 48000 then open target for T1-48200, T2-48300,T3-48500
If the Banknifty gap up opening sustains Below 47500 and takes resistance below 47500 then the open Targets for T1-47300, T2-47200,T3-47000
Major Levels 48000,47500,48200
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.
19 DEC 2023 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 48000 and takes Support from 48000 then open target for T1-48200, T2-48300,T3-48500
If the Banknifty flat opening sustains Below 47600 and takes resistance below 47600 then the open Targets for T1-47500, T2-47300,T3-47200
Major Levels 48000,47800,47000
If the market stands in this area of 48000 to 47800 then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(15/12/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 47450 level then possible downside rally of 400-500 points upto 47050 Level. Any Major upside only expected in case banknifty starts trading above 47550 level & this rally can extend another 400 points if market gives breakout 48050 level.
15 DEC 2023 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 47900 and takes Support from 48000 then open target for T1-48200, T2-48300,T3-48400
If the Banknifty flat opening sustains Below 47500 and takes resistance below 47500 then the open Targets for T1-47300, T2-47300,T3-47100
Major Levels 48000,47500,47800
If the market stands in this area of 47600 to 47800 then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(14/12/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 47450 Level & this rally can extend another 400 point if market gives breakout 47550 level. Any Major downside only expected in case banknifty starts trading below 46950 level.
14 DEC 2023 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 47400 and takes Support from 47500 then open target for T1-47700, T2-47800,T3-48000
If the Banknifty flat opening sustains Below 47000 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500
Major Levels 47000,47500,46800
If the market stands in this area of 47400 to 47200 then it is possible that even today the market will remain in the range.
13 DEC 2023 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 47400 and takes Support from 47500 then open target for T1-47700, T2-47800,T3-48000
If the Banknifty flat opening sustains Below 47000 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500
Major Levels 47000,47500,46800
If the market stands in this area of 46800 to 47200 then it is possible that even today the market will remain in the range.
BankNIFTY prediction for tomorrow 13 Dec 23As we discussed yesterday, Banknifty gave a breakdown and also moved nicely. OI PCR has shifted from 1.17 to 0.80, which indicates huge bearishness. After the breakout, we observed that volume increased significantly at each candle. If we see a 1-day timeframe, we can see it's a confirmed gravestone dogi pattern, which is formed at the top of the trend and shows huge bearishness. We could not achieve our bearish target today; hopefully, it will be achieved tomorrow.
Reasons:
RSI < 40 (Bearish)
successful breakout to the downside. (Bearish)
continuous increasing of volume after the breakout. (Bearish)
PCR: 1.17 -> 0.80, which is a huge fall. Most of the PE writing was rounded off in 1st half day today.
Price < EMA(13,50) (Bearish)
Bearish golden crossover. (Bearish)
Verdict:
Bearish
Plan of action:
Sell 47200 PE, protect it with hedging.
12 DEC 2023 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 47500 and takes Support from 47500 then open target for T1-47700, T2-47800,T3-48000
If the Banknifty flat opening sustains Below 47100 and takes resistance below 47000 then the open Targets for T1-46800, T2-46700,T3-46500
Major Levels 47000,47500,46800
If the market stands in this area of 47200 to 47000 then it is possible that even today the market will remain in the range.
BANKNIFTY prediction for tomorrow 12 Oct 23As we discussed yesterday, Bank Nifty stayed in the upper zone with weak bull power. Also, today, in the last hour, it was huge selling, and the whole day, it was more of a position rounding off because of unstable Bank nifty momentum. If Banknifty breaks the trendline to the downside, then it's highly probable that it will touch the 200 EMA.
Reasons:
RSI 40-60 mostly. (sideways)
50 EMA is providing a nice support point for BN. ( bullish)
Price > EMAs (still bullish)
47500 is having huge CE writing. Lower levels don't have much OI except 47000.
PCR = 1.17 (Bullish) (1.45->1.17); it's still bullish, but OI have been fallen significantly.
Verdict:
It's still bullish unless it breaks to the downside.
Plan of action:
check initially 15 min momentum. And follow chart levels.
[INTRADAY] #BANKNIFTY PE & CE Levels (11/12/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 46950 level then possible downside rally of 400-500 points upto 46550 Level. Any Major upside only expected in case banknifty starts trading above 47050 level & this rally can extend another 400 points if market gives breakout 47550 level.
11 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open flat
After A 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 46500 and takes resistance below 46500 then the open Targets for T1-46400, T2-46300,T3-46100
Major Levels 47000,47200,46800
If the market stands in this area of 47200 to 47000 then it is possible that even today the market will remain in the range.
Banknifty Intraday levels for 8 Dec 2023
I am sharing crucial NSE:BANKNIFTY levels that serve as significant support and resistance points for intraday trading. To execute trades based on these levels, wait for a 15-minute candle closing above them. You can employ both breakout and reversal strategies in your trading approach.
This channel is dedicated to sharing my expertise in trading strategies, technical analysis, and market trends. My goal is to assist you in making well-informed decisions throughout your trading endeavours.
Stay tuned for daily updates, comprehensive market analyses, and real-time trading scenarios. Witness firsthand our journey from novice to expert in the trading world. My sole objective is to empower you with the knowledge and skills needed to navigate the intricacies of financial markets successfully.
Identified through price action, major support and resistance levels are marked with lines as resistances and supports. If the price breaches a support or resistance, it is likely to move towards the next corresponding level.
Important Note: These levels are intended for intraday trading purposes only.
Disclaimer: All information provided on this page is for educational purposes. We are not SEBI Registered. Please consult a SEBI registered financial advisor for personalised advice before making any investment decisions. We are not responsible for any profits or losses incurred.
Your support and engagement are appreciated. Kindly like, comment, and follow to show encouragement.
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BANKNIFTY Important levels for 7 Dec 2023
NSE:BANKNIFTY Important levels for 7 Dec 2023
I am sharing crucial BANKNIFTY levels that serve as significant support and resistance points for intraday trading. To execute trades based on these levels, wait for a 15-minute candle closing above them. You can employ both breakout and reversal strategies in your trading approach.
This channel is dedicated to sharing my expertise in trading strategies, technical analysis, and market trends. My goal is to assist you in making well-informed decisions throughout your trading endeavours.
Stay tuned for daily updates, comprehensive market analyses, and real-time trading scenarios. Witness firsthand our journey from novice to expert in the trading world. My sole objective is to empower you with the knowledge and skills needed to navigate the intricacies of financial markets successfully.
Identified through price action, major support and resistance levels are marked with lines as resistances and supports. If the price breaches a support or resistance, it is likely to move towards the next corresponding level.
Important Note: These levels are intended for intraday trading purposes only.
Disclaimer: All information provided on this page is for educational purposes. We are not SEBI Registered. Please consult a SEBI registered financial advisor for personalised advice before making any investment decisions. We are not responsible for any profits or losses incurred.
Your support and engagement are appreciated. Kindly like, comment, and follow to show encouragement.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/12/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 46950 level then possible downside rally of 400-500 points upto 46550 Level & This rally can extend another 400 points if market gives breakdown of 46450 level in today's session. Any Major upside only expected in case banknifty starts trading above 47050 level.
BANKNIFTY Important levels for today 6 Dec 2023
NSE:BANKNIFTY Important levels for today 6 Dec 2023
I am sharing crucial NIFTY levels that serve as significant support and resistance points for intraday trading. To execute trades based on these levels, wait for a 15-minute candle closing above them. You can employ both breakout and reversal strategies in your trading approach.
This channel is dedicated to sharing my expertise in trading strategies, technical analysis, and market trends. My goal is to assist you in making well-informed decisions throughout your trading endeavours.
Stay tuned for daily updates, comprehensive market analyses, and real-time trading scenarios. Witness firsthand our journey from novice to expert in the trading world. My sole objective is to empower you with the knowledge and skills needed to navigate the intricacies of financial markets successfully.
Identified through price action, major support and resistance levels are marked with lines as resistances and supports. If the price breaches a support or resistance, it is likely to move towards the next corresponding level.
Important Note: These levels are intended for intraday trading purposes only.
Disclaimer: All information provided on this page is for educational purposes. We are not SEBI Registered. Please consult a SEBI registered financial advisor for personalised advice before making any investment decisions. We are not responsible for any profits or losses incurred.
Your support and engagement are appreciated. Kindly like, comment, and follow to show encouragement.
06 DEC 2023 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 47100 and takes Support from 47200 then open target for T1-47300, T2-47400,T3-47600
If the Banknifty Gap up opening sustains Below 46800 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500
Major Levels 465000,47000,47200
If the market stands in this area of 46800 to 47000 then it is possible that even today the market will remain in the range.