Bankniftylevels
Banknifty trade setup for 11-05-2022Banknifty is trading within 1000 points range 34000 to 35000.
Breaking this range will give direction for further move.
Banknifty buy above trend line resistanceOn 15 min chart banknifty is rejecting from trend line resistance.
Breaking above the trend line will attract buying and potential target will be 35000 followed by 35550.
Closing below 34000 will change the sentiments and we can see more pain on the down side.
Banknifty Trading Levels For WednesdayImportant support 35000 to 35500
Immediate resistance 36500.
500 to 700 points move after the range breakout.
Banknifty best intraday levels Buy above 36070
Target 35220
Sell below 36800
Target 36640
Sl 80 point in spot
Banknifty best entry and target for tomorrow 29-04-22How to trade banknifty tomorrow after expiry.
Buy above 36600 target 1 - 36800
Target 2 - 37000
Sell below 36300
Target 1 - 36120
Target 2 - 36000 to 35950
Banknifty Monthly Expiry LevelsResistance on daily chart - 35200, 36600
Support - 35700, 35500, 35000.
Buy above resistance, Sell below support.
Banknifty tomorrow setup and today's recapMajor level
Resistance 36500
Support 36500
600 to 800 points move after breaking this range.
Banknifty Important Chart36000 is important level for bounce and potential target will be 37200.
On the flip side breaking below 35000 will accelerate panic selling.
Banknifty 35000 or 37000Long range view
Banknifty has given bearish breakdown and target of this breakdown will be 35000.
Closing below 35000 will activate further target.
On the flip side one day closing above 37000 will be a bullish sign.
Key levels for Bank NiftyHere, I have provided key levels for Banknifty . These can act as support or resistance.
Disclaimer: This is for educational purpose only. Any buy or sell is not recommended. Please do paper trading before entering into market.
Banknifty Demand and Supply zoneBanknifty 15 min time frame.
36000 to 36150 is demand zone
Breaking below 35900 will reject demand and further correction can continue
37250 to 37350 is supply zone
Breaking above 37500 will active fresh demand and supply will reject.
Key levels for Bank NiftyHere, I have provided key levels for Bank Nifty. These can act as support or resistance. Since we have volatility contraction (sideways all day) today, we can expect big move in any direction in next trading day(21st April 2022).
Disclaimer: This is for educational purpose only. Any buy or sell is not recommended. Please do paper trading before entering into market.
Banknifty for 21 April 2022Today's Price Action
Opened slight gap-up.
Resisted at previous support turned resistance .
Traded within the range of the previous candle.
Support at 35530-35410
Further Resistance at 36920 - 37050.
Price action still looks weak, chances are still high that we could see further sell-off to the next support levels.
Recovery can come only if the price opens above or sustains above 36500 levels.
