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Bankniftylevels

12 JULY 2023 EXPIRY DAY 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 sustain last day Above 45200 and taking Support from 45200 then open target for T1-45400,T2-45500,T3-45700 If the Banknifty Gap-Up opening sustain Below 44700 and taking resistance below 44700 then the open Targets for T1-44500,T2-44600,T3-44400 Major Levels 45200,45000,44800 If the market stande in this area of 45200 to 44800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Bullish Gap or Bearish Gap??Observations: 1.price opened in a demand zone and failed to take the price up wards... 2.The hidden demand zone acts as support and price moves up and gives pullback... 3.Yesterday's demand zone resist the price to go up....and price falls back... 4.while breaking the demand zone price, leaves a bearish gap and continue its fall till the hidden demand zone... 5.Bullish gap is still not able reach. so we have 2 options now... which gap fills 1.Bullish gap 2.Bearish gap. if price opens below gap1, we can expect a immediate fall happens and fills the bullish gap2. so be careful here, don't initiate a short as soon as opens ..wait for the right opportunity and enter. Based on the price opening we will decide which gap is going to fill 1st. and also price has created its 1st low...and given us pullback to sell... so on Monday if price opens below 1st low, then its created a 2nd low, which confirms bearish sign. then price is immediately created a lower high again...so will look for buy at that time.. then we can expect a bearish gap be finished and price may again fall, or continue moving up again. lets see what happens on live market. All this is a premarket analysis, live market is entirely different from the pre and post market analysis. our assumptions and calculations all are changes... so we have to act smart and continue with the price movement and observe the reactions at the demand and supply zones, support and resistance zones. supply becomes demand and vice versa. Support becomes resistance and vice versa.
NSE:BANKNIFTY
by IIT-Trader
6
BANKNIFTY--Will Right shoulder formed to fill Bullish Gap??Observations:: previous resistance zone @45300-45350,is again an hurdle to move the price upside, the demand zone @45450 again resisting the price to go up. we don't get any sell opportunity today...price wont breaks the 45000 level. now price is near to its trendline in smaller time frames.. if that breaks and retest will enter on short side by keeping the stop loss above 45300-45350 zone, for targets of bullish gap left below. Previous strong buy ness from 45000 level becomes weak, price is slowly moving to test the demand acts as supply one more time. will see tomorrow if price breaks the trendline, and gives retest will enter on short side..
NSE:BANKNIFTY
by IIT-Trader
2
06 JULY 2023 EXPIRY DAY 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 45400 then open target for T1-45600,T2-45700,T3-45800 If the Banknifty Gap-Down opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44700,T3-44600 Major Levels 45200,45000,44800 If the market stande in this area of 45000 to 45200, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Expiry is Bullish or BearishObservations:: we have previous resistance at 45300-45350 zone...which is strong. yesterday price tested the demand acts as supply zone and falls below... if this zone 45300-45350 acts as resistance price falls again.. if we want to short wait until price breaks 45000 level, and retest or pullback to previous demand zones... then enter for short for target of 44800,bullish gap. No long is suggested...will have strong resistances...
NSE:BANKNIFTYShort
by IIT-Trader
6
BANKNIFTY--Bullish Gap be filled??Observations:: Price action is completely bullish... a strong bullishness is observed from the 44900 level, even after opening gapup. tomorrow this level is resist the price to godown again... if consolidation happens at this level, we can expect an upside movement after filling the gap below to above levels. on top we observed a consolidation + plus strong bullish, with an immediate fall is observed from 45500 level, if this level acts as resistance we will observe some correction... its not a sign of reversal...keep in mind. one more gap is left @44400 level also. Will see in live market what happens.... All these are our assumptions only..... live market is entirely different from the pre market analysis.
NSE:BANKNIFTY
by IIT-Trader
06 JULY 2023 EXPIRY DAY 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 45000 then open target for T1-45200,T2-45400,T3-45600 If the Banknifty Gap-Down opening sustain Below 45200 and taking resistance below 45200 then the open Targets for T1-44800,T2-44700,T3-44600 Major Levels 45200,45000,44800 If the market stande in this area of 44800 to 45200, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYShort
by mr_bull10
05 JULY 2023 EXPIRY DAY 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 45000 and taking Support from 45000 then open target for T1-45200,T2-45300,T3-45400 If the Banknifty Flat opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44700,T3-44600 Major Levels 45200,45000,44800 If the market stande in this area of 44800 to 44500, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BankNifty Analysis: Indecision with Bulls and Bears in ControlBased on the provided chart analysis, here is a revised summary of the current market situation: On the daily timeframe, the market formed a perfect Doji candlestick, indicating indecision among market participants. It opened within the previous day's high and fell to 45000, where it found support and staged a recovery in a V-shaped pattern. The market then rallied to 45651 but subsequently fell again in a V-shaped pattern. This double reversal suggests both bears and bulls are strong, seizing control when opportunities arise. The market has established major resistance levels at 45651 and a minor resistance at 45475. Major support levels are seen at 45000 and 44906, with a minor support at 45135. On the 1-hour timeframe, an inside candlestick pattern has formed. Open interest data reveals that the 45300 strike price has a significant straddle of around 20L, while the 45200 and 45400 strike prices show a decent amount of put and call short positions, respectively. The major support level at 45000 has 41L puts, and the major resistance level at 45500 has 37L calls. The PCR (Put-Call Ratio) is 1.45, indicating a bullish sentiment. Analyzing FII (Foreign Institutional Investor) data, it shows that they have a higher number of long positions in calls (7.78L) compared to short positions (4.76L). In puts, FII data shows more long positions (10.1L) compared to short positions (7.6L). FII Futures Data suggests a bullish sentiment with a value of 1173cr, and FII Stock Data indicates a bullish sentiment with a value of 2134cr. Considering the analysis, the market is likely to be range-bound between 45000 and 45500, resulting in frequent reversals. Potential trades can be initiated if the market breaks above 45651 or below 43906. Alternatively, a break above 45364 could lead to an upside trade with a target of 100-120 points, while a break below 45223 could lead to a downside target of 45118. Please note that this analysis is based solely on the information provided and does not constitute financial advice. It is recommended to consult with a qualified financial professional or conduct further research before making any investment decisions.
NSE:BANKNIFTY
by JigarHathiyani
Navigating Bank Nifty's Tides: Breakouts, Halts, and Sideways MaBased on the daily timeframe chart, it is observed that every time Bank Nifty has attempted to break its all-time high, it has either halted or formed an inside bar. Furthermore, the recent volume levels are the lowest seen in months. When comparing the trendline drawn from the last low of 16 march to the volume, it is evident that the volumes are decreasing. This could be an indication of a sideways market since the participants' involvement is limited. However, it's worth noting that the candle formed on Friday was bullish, which adds some confusion. On the 15-minute timeframe, Bank Nifty has formed a double top around 44,800. Additionally, the VIX (Volatility Index) is currently at one of its lowest points. Based on these factors, it seems unlikely that the VIX will experience further downside movement. On the contrary, it is anticipated to move upwards. Looking at the open interest data, it is observed that there is significant put writing at 44,500 (53L) and 44,600 (23.3L), with relatively lower call writing. The only notable resistance is at 44,800, with 24L in call writing and 12.4L in put writing. Surprisingly, there isn't much call writing at the 45,000 level, which is unusual (24.4L in calls and 5.24L in puts). The PCR (Put Call Ratio) is at 1.45, indicating a bearish sentiment. Analyzing the FII (Foreign Institutional Investors) options data, there are 7.48L contracts in long calls and 4.76L in short calls, while for puts, there are 9.37L in long contracts and 7.74L in short contracts. This change in open interest indicates a bullish sentiment. Additionally, the FII futures data shows a positive value of 1539.9 crores, suggesting a bullish outlook. The FII stock data also supports this sentiment, with a positive value of 6397.1 crores. In conclusion, based on the available data, the market appears to be bullish with no significant resistance ahead, except at 44,800 and 45,000 levels. However, historical patterns indicate a tendency for a halt after breaking the all-time high. Hence, it's important to keep this historical behavior in mind. Regarding trades, if Bank Nifty opens flat and breaks the day's high, one can consider going long directly. In case of a gap-up opening, it is advisable to wait for a retest or at least for the gap to be filled before looking for long positions. If the market opens with a gap down, it is recommended to refrain from trading as it may lead to a sideways market.
NSE:BANKNIFTY
by JigarHathiyani
26 JUNE 2023 EXPIRY DAY 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 43900 -44000 and taking Support from 43900 then open target for T1-44200,T2-44300,T3-44500 If the Banknifty Gap-Down opening sustain Below 43200 and taking resistance below 43200 then the open Targets for T1-43000,T2-42800,T3-42700 Major Levels 43400,44000,43800 If the market stande in this area of 43200 to 43800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
23 JUNE 2023 EXPIRY DAY BANKNIFTY SUPPORT AND RESISTANCE LEVELS Hello Guys, Good Morning everyone, According to the data today market is going to open Flat After A Flat opening if Banknifty sustain Above 43900 -44000 and taking Support from 43900 then open target for T1-44200,T2-44300,T3-44500 If the Banknifty Flat a Gap-Down opening sustain Below 43500 and taking resistance below 43500 then the open Targets for T1-43300,T2-43200,T3-43000 Major Levels 43500,44000,43900 If the market stande in this area of 43500 to 40000, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
22 JUNE 2023 EXPIRY DAY 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 43900 -44000 and taking Support from 43900 then open target for T1-44200,T2-44300,T3-44500 If the Banknifty after a Gap-Down opening sustain Below 43500 and taking resistance below 43500 then the open Targets for T1-43300,T2-43200,T3-43000 Major Levels 43500,44000,43900 If the market stande in this area of 43500 to 40000, then it is possible that even today the market will remain in the range. ??????? ??????, ? 13 ?????? ???????, ??????? ??????? ???????? |
NSE:BANKNIFTYLong
by mr_bull10
BANKNIFTY--44300 or 43400 ??Observations:: The Banknifty index has again strongly moved back up again from 43400 levels. It has broken the supply zone @43700 levels.. tomorrow if the same level acts as support price is bullish and will reach again top side. If price wants to test the supply @44300 level, it has to break the 44100 and 44200 levels. these 2 levels are stronger so, we can observe a consolidation in these 2 levels, and breaks upside and then fall back to below levels. if price wants to consolidate we need a strong break to upside from 43900 levels... it has to create a demand zone in this zone @43900. If price falls below 43700 and from 43500 will gives pullback then will go for short. Note:: if price is stuck between the levels,43900 to 44200 levels, weekly expiry is ranging.
NSE:BANKNIFTY
by IIT-Trader
2
21 JUNE 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 43900 -44000 and taking Support from 43900 then open target for T1-44200,T2-44300,T3-44500 If the Banknifty after a Gap-Down opening sustain Below 44000 and taking resistance below 43900 then the open Targets for T1-43800,T2-43700,T3-43500 Major Levels 43500,44000,43900 If the market stande in this area of 43500 to 40000, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYLong
by mr_bull10
BANKNIFTY--Rise or Fall ??Observations:: ((This part continuation to Consolidation + Down = Up)) ---After a strong consolidation + downside = Upward Is Done. --->> The Base is again acting as a resistance so price fall is done. ---->>now price is nearly at its demand zone,43400 if this zone breaks or not?? the possibility of breaking this zone is more until price is below 43700 range. that is the range previously a strong rise is observed...its clear demand zone. today price broken the demand zone and retested the same zone and closes below that zone. if this same zone acts as resistance price can easily breaks this bottom demand @43400. But before breaking this zone, we will observe a consolidation or strong fall is going to happen below these zones. from the last 3 days a trending market is observed, no sign of range is observed. if Demand zone @43400 will resist below and @43700 demand acts as supply will resist above we will observe a ranging market again. if price strongly break this zone @43400, we have a next strong zone @43100-43000 is possible. in the middle 43300 will gives us pullback. Will see what happens tomorrow in the live.
NSE:BANKNIFTY
by IIT-Trader