10NOV 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap down
After A gap down opening if Banknifty sustains Above 43600 and takes Support from 43600 then open target for T1-43700, T2-43800,T3-44000
If the Banknifty gap up opening sustains Below 43500 and takes resistance below 43500 then the open Targets for T1-43400, T2-43200,T3-43200
Major Levels 43600,43500,44000
If the market stands in this area of 43600 to 43800, then it is possible that even today the market will remain in the range.
Bankniftyintradaylevels
[INTRADAY] #BANKNIFTY PE & CE Levels(09/11/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43550 level then possible upside rally of 400-500 points upto 43950 Level. And this rally can extend for another 400 points if it gives breakout of 44050 level. Any Major downside only expected in case banknifty starts trading below 43450 level.
09NOV 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap down
After A gap down opening if Banknifty sustains Above 43800 and takes Support from 43800 then open target for T1-43900, T2-44000,T3-44200
If the Banknifty gap down opening sustains Below 43600 and takes resistance below 43600 then the open Targets for T1-43500, T2-43400,T3-43300
Major Levels 43600,43500,44000
If the market stands in this area of 43600 to 43800, then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(08/11/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43550 level then possible upside rally of 400-500 points upto 43950 Level. And this rally can extend for another 400 points if it gives breakout of 44050 level. Any Major downside only expected in case banknifty starts trading below 43450 level.
08NOV 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 43600 and takes Support from 43600 then open target for T1-43700, T2-43900,T3-44000
If the Banknifty gap up opening sustains Below 43600 and takes resistance below 43600 then the open Targets for T1-43500, T2-43400,T3-43300
Major Levels 43600,43500,44000
If the market stands in this area of 43500 to 43700, then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/11/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 43450 level then possible downside rally of 400-500 points upto 43050 Level. Any Major upside only expected in case banknifty starts trading above 43550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(03/11/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43050 level then possible upside rally of 400-500 points upto 43450 Level. And this rally can extend for another 400 points if it gives breakout of 43550 level. Any Major downside only expected in case banknifty starts trading below 42950 level.
03NOV 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 43400 and takes Support from 43400 then open target for T1-43500, T2-43600,T3-43700
If the Banknifty gap up opening sustains Below 43000 and takes resistance below 43000 then the open Targets for T1-42800, T2-42600,T3-42500
Major Levels 43000,43200,43500
If the market stands in this area of 43000 to 43300, then it is possible that even today the market will remain in the range.
02NOV 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 42800 and takes Support from 42800 then open target for T1-43000, T2-43200,T3-43300
If the Banknifty gap up opening sustains Below 42600 and takes resistance below 42600 then the open Targets for T1-42400, T2-42300,T3-42100
Major Levels 43000,42800,42600
If the market stands in this area of 43000 to 42600, then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(01/11/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 42950 level then possible downside rally of 400-500 points upto 42550 Level. And this rally can extend for another 400 points if it gives breakdown of 42450 level. Any Major upside only expected in case banknifty starts trading above 43050 level.
01SEP 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap down
After A gap down opening if Banknifty sustains Above 43300 and takes Support from 43300 then open target for T1-43400, T2-43500,T3-43700
If the Banknifty gap down opening sustains Below 42800 and takes resistance below 42800 then the open Targets for T1-42600, T2-42500,T3-42400
Major Levels 43000,43200,42800
If the market stands in this area of 43000 to 43200, then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(31/10/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43050 level then possible upside rally of 400-500 points upto 43450 Level. And this rally can extend for another 400 points if it gives breakout of 43550 level. Any Major downside only expected in case banknifty starts trading below 42950 level.
31 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a Flat
After A Flat opening if Banknifty sustains Above 43000 and takes Support from 43000 then open target for T1-43200, T2-43400,T3-43600
If the Banknifty Flat opening sustains Below 42800 and takes resistance below 42800 then the open Targets for T1-42600, T2-42500,T3-42400
Major Levels 43000,43200,42800
If the market stands in this area of 42800 to 43200, then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(27/10/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 42550 level then possible upside rally of 400-500 points upto 42950 Level. Any Major downside only expected in case banknifty starts trading below 42450 level.And this rally can extend for another 400 points if it gives breakdown of 41950 level.
27 OCT 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 42600 and takes Support from 42600 then open target for T1-42800, T2-43000,T3-43200
If the Banknifty gap up opening sustains Below 42000 and takes resistance below 42000 then the open Targets for T1-41900, T2-41800,T3-41400
Major Levels 42000,42400,42600
If the market stands in this area of 42400 to 42600, then it is possible that even today the market will remain in the range.
BANKNIFTY FALL PREDICTION EXPLAINED
Price has violated a Monthly Supply and there is a Fresh Strong Deman formed in Monthly chart @ Rs. 42015.65
Therefor Price will definitely come in this Range.
In order to come down Price needs to react to a Supply.
We see Price has formed a deviation from the moving average and has also formed an Engulfing Supply in Monthly chart.
This is a Supply to Demand Equilibrium where we have the Source and the Destination of the Downtrend.
Now we go further in Daily to find the Entry in Fresh Daily Supply Zones, we have a Fresh Daily Supply formed which has a Short Trade with a Reward to Risk Ratio of 3:1.
ENJOY THE RIDE !!!
25 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a Flat
After A Flat opening if Banknifty sustains Above 43000 and takes Support from 43000 then open target for T1-43200, T2-43400,T3-43500
If the Banknifty Flat opening sustains Below 43000 and takes resistance below 43000 then the open Targets for T1-42800, T2-42700,T3-42500
Major Levels 43000,43200,42800
If the market stands in this area of 43000 to 44300, then it is possible that even today the market will remain in the range.
Bank-Nifty Breakdown or fakedown?BankNIFTY has given the breakout clearly as can be seen on the charts.
Now the qiestion is will it go more down of it might bounce back to bullishness.
as it seems if in morning session it shows a sign of bearishness it might go further down.
Reasons:
BankNIFTY has break to downside 1-D TF(time frame). (Bearish)
Sharp falling of last week. (Bearish)
200 EMA might provide a good support. but is it couls not hold it will be a sharp falling again as it's also breakdown of double top. (Bearish)
RSI is very low shows weak trend strength. (Bearish)
Price < VWAP (Bearish)
PCR = 0.47 (Huge Bearish)
Verdict:
Bearish, all sign shows the bearishness.
Plan of action:
wait for BankNifty to show bearish trend and make position accordingly.
[INTRADAY] #BANKNIFTY PE & CE Levels(20/10/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 43950 level then possible downside rally of 400-500 points upto 43550 Level. And this rally can extend for another 400 points if it gives breakdown of 43450 level. Any Major upside only expected in case banknifty starts trading above 44050 level. also possible Reversal upside 43550 level.
20 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap down
After A gap down opening if Banknifty sustains Above 44700 and takes Support from 44700 then open target for T1-43800, T2-43900,T3-44100
If the Banknifty gap down opening sustains Below 43500 and takes resistance below 43500 then the open Targets for T1-43300, T2-43200,T3-43100
Major Levels 43500,43700,43600
If the market stands in this area of 43700 to 44500, then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(19/10/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 43950 level then possible downside rally of 400-500 points upto 43550 Level. And this rally can extend for another 400 points if it gives breakdown of 43450 level. Any Major upside only expected in case banknifty starts trading above 44050 level.
19 OCT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap down
After A gap down opening if Banknifty sustains Above 44100 and takes Support from 44100 then open target for T1-44200, T2-44300,T3-44400
If the Banknifty gap down opening sustains Below 43800 and takes resistance below 43800 then the open Targets for T1-43700, T2-43600,T3-43500
Major Levels 44000,44100,43900
If the market stands in this area of 43900 to 44100, then it is possible that even today the market will remain in the range.