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Bankniftylevels

BANKNIFTY--U turn to Bullish ??The banknifty index is again showing a strong fall...with an equal rise..... this strong fall indicates the exhaustion of selling pressure... or is still there is some more bearishness ahead,in the end bulls successfully taken the price towards upside... if this indicates exhaustion of buyers, after a strong selling pressure is observed or an initiation of bullishness. we are still in confusion...we cannot predict the direction of bank nifty still.... If this fall is end of bearishness from tomorrow on wards price will go higher levels. If this is again a beginning will see some more fall in bank nifty index. So if it is bullish, when to enter in a trade... after this strong rise if tomorrow it gives us any discount will enter in long side again. tomorrow again will see a consolidation or strong break above 45100 levels.. will see in the next session what happens...
NSE:BANKNIFTY
by IIT-Trader
27
10 AUGUST 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 sustain Above 45000 and taking Support from 45100 then open target for T1-45300,T2-45400,T3-45500 If the Banknifty Gap-Down opening sustain Below 44500 and taking resistance below 44500 then the open Targets for T1-44300,T2-44200,T3-44100 Major Levels 45000,44800,44500 If the market stande in this area of 45000 to 44600, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Gap Up or Down ??After a strong consolidation price moved strongly to the upside... an indication of short entry.... Identify that the neckline again acts as a strong resistance and not allowing us to go upside... price taken the entry on short side..... price again closing in the same range...After a strong consolidation. Initially price showing bullish pressure but failed to take the price again upside. again a strong consolidation to rise upside.... indicating a short side.... If tomorrow opens gap up or gap down... we will wait for the price to retrace back, will also be continue with the trend. If price opens gap up and continue its momentum towards 45400 levels, we will expect a retracement to neckline... will see what happens in the next session.
NSE:BANKNIFTY
by IIT-Trader
52
BANKNIFTY--Trending Up or Down ??The bank nifty index, entire day price is trading in a range. Tomorrow we can expect a breakout or breakdown..... On top side if price breaks the 45100 level and gives us retest will go for long. on bottom side if price breaks 44600 and retest will go for short side... at triangle breakdown or breakout no entry will be placed... fake out may be possible after a consolidation. One more point after a strong consolidation price is going down means we can expect a strong upside momentum. careful here. Today price has taken the liquidity on both sides...eliminating both buyers and sellers.
NSE:BANKNIFTY
by IIT-Trader
27
BANKNIFTY--Bull Trap or Bear Trap ??After a strong fall, price is given us retracement. this retracement is to enter for short side or Enter in long side. price is clearly taking the support from 45500 levels, all done on long side up to neckline as mentioned previous. Now this is very interesting price is given us retracement.... this retracement is for buyers...initiated at strong resistance this will continue upwards again... this has to break above the 45100 levels....If failed to break above, otherwise who has initiated longs and carrying Calls, Bulls will be trapped. After a strong fall, from the major trendline price is continuously falling, so those who missed the previous selling opportunity, those who think that price given us retracement to enter in short side, this is the place to enter for short and they initiated shorts... if price opens bullish and continue towards upside then it is a bear trap. One more interesting point is, @45100 levels price is showing strong bearish pressure... and to test this buyers struggled to reach the zone... a consolidation to upside is observed...if this is a sign of weakness for buyers on next session will be a falling again. until price breaks above 45100 levels and retest no bullish view... it is still in bearish mode only. I think this post is helpful... Note:: It might hurt some one, who is carrying calls and puts... But the psychology of markets behavior is like this only.... As a retail traders we can't take any decisions, we have to move with them... Thank you very much for your support and encouragement.... Have a nice weekend....
NSE:BANKNIFTY
by IIT-Trader
34
BANKNIFTY--44500 is Support or Resistance ??Bank nifty index a continuous fall is observed from the break of major trendline without retest. price broken the demand @44800 and 44600 levels, the previous resistance is also failed to push the price up, so a strong fall is observed below 44500. Price is now exactly closed @ 44500 level, which is a strong fall area previous. if this again pushes the price down will observe a continuous fall to bottom levels @43800 levels. if the same resistance acts as support, price is again be bullish. tomorrow move will decide to go further lower or higher. until keep in watch mode. I will do one more post on buy side setup... I cannot mix both intraday and swing setup in a single post. Thanks for your support and Encouragement guys. stay tuned for more updates....
NSE:BANKNIFTY
by IIT-Trader
66
4 AUGUST 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 sustain Above 44500 and taking Support from 44500 then open target for T1-44700,T2-44900,T3-45100 If the Banknifty Flat opening sustain Below 44300 and taking resistance below 44300 then the open Targets for T1-44200,T2-44100,T3-43900 Major Levels 44500,44300,44600 If the market stande in this area of 44500 to 44300, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Hidden Head & Shoulders Pattern??A pattern(Head and Shoulders) inside an another pattern of (Head and Shoulders) in Higher time frame.... If the Trendline or Neckline on the inside pattern of Head and Shoulders acts as resistance, there will be an one more fall happens in Bank nifty. which is more dangerous than this one. Keep watch these internal levels and external levels....they will acts as support and resistance. keep look at these levels.... Happy Trading guys.... Note:: I am not available for the next 1 or 2 weeks.... Thank you guys for your support and Encouragement. will be back soon...
NSE:BANKNIFTY
by IIT-Trader
1
3 AUGUST 2023 BANKNIFTY EXPIRY DAY 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 sustain Above 45000 and taking Support from 45100 then open target for T1-45200,T2-45300,T3-43500 If the Banknifty Gap-Down opening sustain Below 44700 and taking resistance below 44700 then the open Targets for T1-44600,T2-44500,T3-44300 Major Levels 45000,45100,44800 If the market stande in this area of 45000 to 44700, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Inside Candle + Upside = Fall ??After Showing strong Bullish Pressure towards new ATH, price showing strong bearish pressure. price also forms a inside candle, and yesterday shows a strong bullish momentum again. if this bullish momentum sustains...or falls again. Considering that inside candle as consolidation at Previous ATH levels, and shows us a bullish momentum, so if we consider this as Bearish Pressure + Consolidation + Upside = Great fall. if we observe after breaking the trendline no retest is observed in higher timeframes, a strong bullish move is observed from 44700-44750 levels. if price failed to take the help of previous HH, and bottom side Demand fails, we can expect a strong fall. Will see what happens in live market... Thanks for your support.
NSE:BANKNIFTY
by IIT-Trader
4
BANKNIFTY--Drop Base Drop ??Price broken the trendline and retested, we will enter in short side...Our target gets hit. price again on the other side broken the trendline and we enter in long side.. our stop loss hits. now price is near to the major trendline break... in bigger time frame price broken bullish channel... and in smaller time frames...it is again in channel... so tomorrow if price again reversed from the major trendline, looks for buyside... Price is without touching the resistance showing bearishness, to trap the early sellers. now we have to observe price will again bullish from drop base drop... so will see what happens in the next session.
NSE:BANKNIFTY
by IIT-Trader
25
2 AUGUST 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 sustain Above 45600 and taking Support from 45600 then open target for T1-45800,T2-46000,T3-46200 If the Banknifty Gap-Down opening sustain Below 45500 and taking resistance below 45500 then the open Targets for T1-45300,T2-45200,T3-45000 Major Levels 45500,45400,45600 If the market stande in this area of 45800 to 45500, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY-- Double Top Formed??Bank nifty Index has formed a double top price has formed a double top, with a break of demand and price is retraced back to fall again. If price wants to fall from strong resistance area, tomorrow price will again test the strong resistance at 45900 level.keep on buyside until this area. we have a bearish Gap and Strong resistance. Until price fills these we can't be on bearish side... we have a trendline confirmation as well...price has taken the support from trendline multiple times, until price breaks the trendline and retest don't go for short side...
NSE:BANKNIFTY
by IIT-Trader
30
1 AUGUST 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 sustain Above 45400 and taking Support from 45500 then open target for T1-45800,T2-46000,T3-46200 If the Banknifty Gap-Down opening sustain Below 45500 and taking resistance below 45500 then the open Targets for T1-45300,T2-45200,T3-45000 Major Levels 45500,45400,45000 If the market stande in this area of 46000 to 45800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Retracement or Fall ??Price broken the strong demand zone by opening gapdown, and starts consolidation immediately...at the end it tested the demand again. price exactly closed by testing the demand zone, if price wants to fall continuously, tomorrow again it opens down and fall to below levels. if price wants to give some retracement, it will again test the previous ATH level... where previously strong fall happens.... If tomorrow price opens below levels, will look for long in this place... previously multiple times price got rejected from this level. may acts as support....keep track this levels.... Today we will not get any entries on any side...it is in consolidation range, till the end. will see in the next session what happens.
NSE:BANKNIFTY
by IIT-Trader
35
BANK NIFTY INTRADAY LEVELS FOR 31/07/2023BUY ABOVE - 45600 SL - 45480 TARGETS - 45800,45940,46100 SELL BELOW - 45290 SL - 45380 TARGETS - 45100,44920,44800 Previous Day High - 45730 Previous Day Low - 45240 I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both. Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP