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Bankniftylevels

10 APRIL 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open gap down Focus to buy above 48500 if sustain above 48400 focus for short selling After A gap down opening if Banknifty sustains Above 48600 and takes Support from 48600 then open target for T1-48700, T2-48800,T3-49000 If the Banknifty gap down opening sustains Below 48400 and takes resistance below 48400 then the open Targets for T1-48300, T2-48200,T3-48100 Major Levels 48500,48600,48800 If the market stands in this area of 48600 to 48800 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYLong
by mr_bull10
BANKNIFTY Trading StrategyThe trading setup for Bank Nifty on the daily timeframe suggests an investor buying zone ranging from 45,800 INR to 46,100 INR. This range indicates a level where significant buying interest has historically been observed, potentially acting as a support zone for the index. Additionally, on the 4-hour timeframe, a fresh buying zone is identified between 46,600 INR to 46,800 INR. This zone represents a recent area where buying pressure has emerged, indicating potential renewed bullish momentum for Bank Nifty. The trading strategy includes setting a target of 260 pips, which equates to approximately a 6% gain. This target suggests the anticipated upside movement in Bank Nifty from the identified buying zones to the desired profit level. Furthermore, the importance of risk management is emphasized in the setup. Managing risk involves implementing measures such as setting stop-loss orders to limit potential losses and controlling position sizes to mitigate risks. Traders are encouraged to adhere to their risk management strategies diligently to protect their capital and minimize potential downsides. Lastly, an open invitation is extended to address any confusion that traders may encounter. Clear communication and support are essential for traders to understand and execute the trading setup effectively. By providing assistance and clarification, traders can navigate the market with confidence and enhance their chances of success.
NSE:BANKNIFTYLong
by MOAZAM1133
19 MARCH 2024 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 sustains Above 46400 and takes Support from 46400 then open target for T1-46500, T2-46700,T3-46800 If the Banknifty gap up opening sustains Below 47000 and takes resistance below 47000 then the open Targets for T1-46800, T2-46500,T3-46400 Major Levels 46500,46700,46800 If the market stands in this area of 46500 to 466700 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Rally Base Rally or Reversal??A strong bullish momentum is observed from double bottom levels, now price is near to the previous strong resistance area, if these resistances acts as support then only will see an upside momentum...if they failed to push, it will continue its momentum towards below levels... CASE 1:: Rally Base Rally If it is a rally base rally price will take the support of 45600 levels...and it will continue to move upside above 47600 levels. keep an eye on trendline, if breaks will look for long on retracement. Case 2:: Reversal If we observe a consolidation on bottom side @ double bottom levels.. it will go down and reversal may happens from 44000 levels...
NSE:BANKNIFTY
by IIT-Trader
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