Levels for 8th June Hello Traders,
Here with i am sharing the levels for 8th june in bank nifty... ovar all pattern of index is looking positive and i will initiate long in index.
Bankniftylevels
Banknifty day tradingWe could buy above 44350 breakout but for selling have less quantity and only sell after market show some consolidation.
Selling scenario could only come after big gapdown.
for gapup wait for further price-action.
07/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello 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 44500 and taking Support from 44500 then open target for T1-44600,T2-44700,T3-44800
If the Banknifty after a Gap-Down opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43800,T2-43700,T3-43600
Major Levels 44000,44300,44200
If the market stande in this area of 44500 to 40000, then it is possible that even today the market will remain in the range.
Prediction for Tomorrow | 6th June hello Traders,
Prediction for tomorrow i.e. 6th June and levels for tomorrow, keep the levels in radar and initiate your paper trades accordingly.
Banknifty day tradingIf bnifty breaks upper level than buy.
if bnifty breaks lower level of 40000 then sell
In between do not trade, and for gapup take less quantity, we will se price-action again then we will enter
BANKNIFTY AnalysisObservations::
----->>Look BANKNIFTY yesterday taken the support from trendline and showing bullishness.
the price is completely trading in a range of previous day bearish candle.
If this continue to move upside will observe a bearish gap be filled.
If price breaks the trendline, we have strong support @ 43400 level, may again push the price upside.
Keep watch this level.
Sell Plan::
If price breaks the low @43700 level, and gives us pull back will go for short until 43400 levels.
Buy Plan::
If price breaks yesterday high, we have an immediate resistance @44200 range,
which is difficult to enter for long, until this breaks.
If price breaks this range and gives us pullback will enter long, for target of bearish gap.
If we use Fibonacci levels, if we draw it from previous low to high,
which is exactly @ 0.6-0.5 range only.
still the price is in uptrend only,
no sign of bearishness. will be on buyside from 43400 level, until it breaks.
If price is again consolidation at 43700-43400, price have a chance of breaking downwards,
wait until it breaks strongly.
If price not break this level, enter for long on retracement.
draw trendline on the opposite side as well, then only look for buyside confirmation.
06/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Last day Above 44300 and taking Support from 44300 then open target for T1-44400,T2-44500,T3-44600
If the Banknifty after a Gap-Down opening sustain Below 44200 and taking resistance below 44200 then the open Targets for T1-44000,T2-43800,T3-43600
Major Levels 44000,44300,44200
If the market stande in this area of 44200 to 43800, then it is possible that even today the market will remain in the range.
Banknifty daily analysisIf Bnifty breaks upper level of 44200 then we can buy in full quantity
if Bnifty breaks lower level of 44080 then we can sell in small quantity for a target of 80-150 points.
Big selling pressure will come only below 43800 level.
so between 44200-43800 trade in small quantity
05/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-up
After A Gap-up opening if Banknifty sustain Above 44200 and taking Support from 44200 then open target for T1-44400,T2-44500,T3-44600
If the Banknifty after a Gap-up opening sustain Below 43800 and taking resistance below 43800 then the open Targets for T1-43600,T2-43400,T3-43200
Major Levels 44000,43800,44200
If the market remains in the range of 44200 to 43800, then it is possible that even today the market will remain in the range.
If we are breaking 44100 then can initiate a good RR TradeIf we are breaking 44100 then can initiate a good RR Trade. keep the levels in watch and trade accordingly.
BANKNIFTY--which is Support Trendline or Demand Zone ??Observations::
Price is exactly closed near the trendline...
if trendline acts as a support we will observe bullishness again...
if price breaks the trendline and takes the help of demand zone to move up again.
We have a demand zone 43400,which is a strong demand may acts as support again.
keep watch these 2 Levels.....
1.Trendline Support or
2.Demand Zone Support.
02/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-up
After A Gap-up opening if Banknifty sustain Above 44200 and taking Support from 44200 then open target for T1-44400,T2-44600,T3-44800
If the Banknifty after a Gap-up opening sustain Below 44000 and taking resistance below 43800 then the open Targets for T1-43600,T2-43400,T3-43200
Major Levels 44000,43800,44200
BANKNIFTY TRADE SETUP 02 JUNE FRIDAY
Date : 02 JUNE 2023
Buy Above 44188 (WITH FULL QUANTITY)
For Large Move Sell Below 43790 (WITH FULL QUANTITY)
RESISTANCES AT UPPER LEVEL
R1 : 44288
R2 : 44366
R3 : 44544
SUPPORTS AT DOWN LEVEL
S1 : 43700
S2 : 48566
S3 : 48488
Bank Nifty Next MovePair : BANK NIFTY
Description :
Falling Wedge
Bullish Channel as an Corrective Pattern in Short Time Frame
Double TOP
Break of Structure
S / R Level
RSI - Divergence
BANKNIFTY--Trending or Ranging??Observations::
--->>Price is in Range
Strong Resistance @44160-44080 acts as strong support, will observe a trending Bullish Expiry.
If the same again acts as Resistance will observe Trending bearish expiry, if all this wants to happen price has to break 44250-44200 level. otherwise again range bound.
------>> Facing resistance in the zone 44460 Yesterday showing some bearish pressure
,and today price again closed in the same zone.
price is taking the support @44250-44200 range.
If this range is broken, we can expect the bullish gap be filled, pullback is needed.
After finishing the gap, if the support zone @ 44250-44200 is acting as a resistance,
Tomorrow is expiry, if price again rejected by 44160-44080 zone,
price strongly fall until 43400 keep look at this level.
If the same zone acts as support again will observe a new bullish momentum.
we don't have a clear Targets and stop loss points, above All time High, so taking trades without confirmation is risky.
Note::
Clearly we have previous strong resistance @44160-44080 level,
If acts as support will go for buying up to 44250, 44450 only, above that we don't have any obstacles to resist.
But keep in mind key level @44250-44200, if this level rejects, then only fall may happens.
Price is ranging in 300 points only.
6/01/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEAccording to the data, No bullish trend is going to come until the talk market breaks the level of 44500 and does not sustain above.
And if you seen, there is a big support zone of 43600, 43400 and 43800
From my point of view, banknifty is moving upwards from the close support of 43800, if today it breaks 44500, then a big bullish move can be seen in Banknifty.
If today doesn't break 44500 then market can stay in range
Banknifty day tradingif market opens sideways and breaks yesterdays high than buy, in full qty.
if market opens gapup than no trade
if market opens gapdown below consolidation than we can sell in half qty
BANKNIFTY--Fakeout or Breakout ??Observations::
----->> After breaking the trendline, price tested the Resistance zone,
price is fall from resistance but not able to break the last HL, @ 43400 Level.
Again a strong buy ness is observed from these level.
Price is in consolidation @ Resistance and Support and not able to break any previous higher low, and previous Higher High
now its clear showing strong bullishness, we are still in bullishness its confirmed + In Bullish consolidation
between the Support and Resistance.
see the below picture,
If it's a Rally--Base--Rally, we will go for buying up to 45000
we have 2 possibilities,
If price breaks HH @44150 levels, Breakout happens and price falls immediately below the 44150 levels is may happens,
called fake breakout.
If price consolidate between Supply zone 43900-43850 @ and supply zone @44080-44150,
and breakout happens consider it as a fake out and we wait for the break out.
If price comes below to these levels, @43650 demand Zone and 43400 demand zone,
if price consolidates in these two zones and gives us a breakdown will wait its a fake breakout or breakdown possibility.
we have to check all these conditions in Range bound market.
In between we have a common point zone @43800-43850 that will back to the supply zone again.
The same zone @43800-43850 will pushes the downside as well.
All these are range bound Scenario's, look @ all these possibilities.
30/05/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONE
Hello 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,T3-45000
If the Banknifty after a Flat opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43900,T2-43800,T3-43700
Major Levels 44000,44200,44500
If the market remains in the range of 44000 to 44500, then it is possible that even today the market will remain in the range.
29/05/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Up
After A Gap-Up opening if Banknifty sustain Above 44200 and taking Support from 44200 then open target for T1-44400,T2-44500,T3-44600
If the Banknifty after a Gap-Up opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43900,T2-43800,T3-43700
Major Levels 44000,44200,43500
Bank Nifty levels and analysis of Banking stocks Hello friends,
Levels of Bank nifty and some of major banking stocks for monday.
