BANKNIFTY : Can touch daily major support ?BANKNIFTY on Daily chart its following triangle pattern perfectly shared last week.
In Hourly chart its trading near flip support. If it break 40300 (Flip support) it may touch major support of daily chart.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
Bankniftylevels
Bank Nifty ViewNSE:BANKNIFTY
1} The last day fall was mainly due to international
events, Such as fall of US bank "SVB" and
Inflation data concerns of US.
2} Look at the volume absolutely nothing, This fall
seems to be more of emotion.
3} May look vulnerable on Monday / Tuesday, but
will eventually bounce back.
4} As long as 39800 holds its a Buy.
10/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above 41300 and taking Support from 41300 then open target for T1-41400,T2-41500,T3-41600
If the Banknifty after a Gap-Down opening sustain Below 41200 and and taking resistance below 41200 then the open Targets for T1-41000,T2-40800,T3-40600
Major Levels 41300,41200,41000
Bank nifty viewNSE:BANKNIFTY has pulled back by about 1000 points with in a span of seven days. Now reached level where earlier a lot of buying interest was witnessed (Watch it in the chart marked with rectangle box).
One interesting point to note in this pullback is that even though there were range expansion of candles volume expansion is missing altogether. See the chart.
Also look carefully in the chart and see that in the past whenever price pulled back with low volume the expansion to the upper range was quick.
So the two important points to note that.
1) Price is in the zone where in the past lot buying interest was witnessed with heavy volume.
2) The current pullback has no volume back up. The last days volume was almost negligible.
Good Luck
09/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above 41600 and taking Support from 41600 then open target for T1-41800,T2-42000,T3-42200
If the Banknifty after a Gap-Down opening sustain Below 41200 and and taking resistance below 41200 then the open Targets for T1-41000,T2-40800,T3-40600
Major Levels 40500,40400,40300
08/03/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above 41500 and taking Support from 4100 then open target for T1-41700,T2-41900,T3-42100
If the Banknifty after a Gap-Down opening sustain Below 41265 and and taking resistance below 41265 then the open Targets for T1-41000,T2-40800,T3-40600
Major Levels 40500,40400,40300
06/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONE
Hello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 41400 and taking Support from 41400 then open target for T1-41500,T2-41700,T3-42000
If the Banknifty after a Gap-Up opening sustain Below 41130 and and taking resistance below 41130 then the open Targets for T1-40900,T2-40700,T3-40300
Major Levels 40000,40200,40400
BANKNIFTY: Preparing for Big MOVE? 28th Feb : BANKNIFTY trading in triangle pattern on daily chart , currently reversing from support zone . It didn't break low of Doji candle since 2 days so its good support for me.
5th Mar: last time shared that low of Doji candle is good support and market respected levels and now Bank nifty is near Resistance. from here i am expecting one swing next week to prepare big move ahead. Lets follow Prices action
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L".
BANKNIFTY : triangle patternBANKNIFTY trading in triangle pattern on daily chart, currently reversing from support zone. It didn't break low of Doji candle since 2 days so its good support for me.
You can trade as per your view on market.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L".
Sorry was not able to post since long time as i was operated due to some health issues. I will try to start post on regular basis again
03/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 40450 and taking Support from 40450 then open target for T1-40600,T2-40800,T3-41000
If the Banknifty after a Gap-Up opening sustain Below 40300 and and taking resistance below 40300 then the open Targets for T1-40200,T2-40000,T3-39800
Major Levels 40300,40400,40500
2/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above last day high 40730 and taking Support from 40730 then open target for T1-40700,T2-41100,T3-41200
If the Banknifty after a Gap-Down opening sustain Below 40500 and and taking resistance below 40500 then the open Targets for T1-40400,T2-40200,T3-40050
Major Levels 40700,40600,40500
01/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market flat is going to open
After A flat opening if Banknifty sustain Above last day high 40400 and taking Support from 40400 then open target for T1-40538,T2-40800,T3-41000
If the Banknifty after a flat opening sustain Below las day low 40000 and and taking resistance below 40000 then the open Targets for T1-39900,T2-39700,T3-39500
Major Levels 40200,40100,40000
28/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market flat is going to open
After A flat opening if Banknifty sustain Above last day high 40400 and taking Support from 40400 then open target for T1-40600,T2-40800,T3-41000
If the Banknifty after a flat opening sustain Below las day low 39800 and and taking resistance below 39800 then the open Targets for T1-39600,T2-39400,T3-39000
Major Levels 39800,40100,40500
27/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market flat is going to open
After A flat opening if Banknifty sustain Above high 40200 and taking Support from 40200 then open target for T1-40400,T2-40560,T3-40800
If the Banknifty after a flat opening sustain Below 39750 and and taking resistance below 39750 then the open Targets for T1-39520,T2-39304,T3-39016
Major Levels 39800,40200,39900
24/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above high 40146 and taking Support from 40146 then open target for T1-40397,T2-40769,T3-41015
If the Banknifty after a Gap-Up opening sustain Below 39800 and and taking resistance below 39800 then the open Targets for T1-39500,T2-39121,T3-38737
Major Levels 40000,40200,39900
23/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above high 40200 and taking Support from 40300 then open target for T1-40500,T2-40700,T3-40900
If the Banknifty after a Gap-Up opening sustain last day low Below 39900 and and taking resistance below 39900 then the open Targets for T1-39800,T2-39700,T3-39500
Major Levels 40000,40200,39900
Tommorow Banknifty levels After a big selling in today's market we can expect more selling in banknifty on tomorrow market bcz our target was 39440
Sell Banknifty below 39910 (if candle was close below this level)
Target 39824 39627 39450
Sl 40105
Buy banknifty above 40105(candle close above it)
Target 40202 40325 40465
Sl 39910