Bankniftylong
Bank Nifty Trendline UPDATEBank nifty Trendline UPDATE as i updated in last idea about trendline we can see some good consolidation near this trendline so, we must to update with this accordingly so i update here new trendline.
I am Bullish on the market today so I will go for long only because downside there is many support level with in 100 points.
BankNifty Prediction & Analysis [06 Aug 2021]Bank Nifty Spot Levels to watch out for trading on 6th Aug 2021
Long Opportunity:
1. Price breaks out of 36025 and retests the level again is good support to go long
2. Gap down open but takes support near 35685 will act as good support to go long again
Short Opportunity:
1. Gap down opens below 35670 and stays below 35670 for some time and retested back the 35670 levels is a good resistance zone to short Bank Nifty.
BankNifty Prediction & Analysis [03 Aug 2021]Bank Nifty Probable Support & Resistance Levels for 3rd Aug 2021
Resistance : 34855, 35180, 35335
Support : 34500, 34365, 34200
Apart from the horizontal support and resistance levels, you can also follow the dynamic support & Resistance levels as marked by dotted trend lines.
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BankNifty - Bull Channel with Risk:Reward = 1:2.5 BankNifty is overall bullish from longterm perceptive. From the 2hr Chart, we see that the BankNifty is trading in Bull Channel . This kind of setup is best for positional/ Swing F/O traders as we can make money on upside and downside.
Last week, BankNifty touched the lower trendlines and supported bears for a while. But, It holded the support of the lowest trendline drawn and bulls are back in control.
Currently, BankNifty is holding the lower trendline and attempting the move towards the upper trendline.
Below 34950, it can touch 34700 and bounce back to upper trendline.
Above 35150, i will take 35300 calls for this week expiry and 35500 and 36000 calls next week expiry.
This is a Risk/Reward ratio of 1:2.50 trade. Intraday traders can make money on any dips on any day for next two weeks.
DISCLAIMER: ALL POSTS ARE EDUCATIONAL PURPOSES.WE ARE NOT RESPONSIBLE FOR UR PROFIT/LOSS
BANKNIFTY 26 JULY 2021 ANALYSISHello Friends..
Hope you all are doing good..
Friends here we have bank nifty analysis for 26th July 2021.
Friends as we can see clearly in the chart that bank nifty closed below its resistance which is near 35100.. In the last trading session we saw bank nifty tried to taste 35100 level and achieved previous day high that is 35088 which is near 35100..So here are some important levels below.. as we analyzed..
IMPORTANT LEVELS:
RESISTANCE 1: 35280
RESISTANCE 2: 35490
SUPPORT 1: 34600
SUPPORT 2: 34400
Buy above 35100 for target 35280, 35490 (SL- 35070).
Sell below 35070 for the target 34600 ,34400(SL- 35100).
IMPORTANT: market may trend sideways...kindly take positions as per market trend. Don't keep high target.
Disclaimer:-We are not SEBI Registered Advisors. Though, All efforts have been made to compile inputs after detailed research. Please do your own research, and consult your financial advisors before investing!
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Happy trading !!!!
Bank Nifty Prediction & Analysis [26 Jul 2021]Bank Nifty is likely to move up if it breaks today's High of 35100.
Its 1st target is 35320 followed by 35450, and then 35630.
In case, Bank Nifty breaks 35630, then you may witness 35750 as well.
Moreover, if Bank Nifty opens with a negative note, then the target for downside is 34800, 34650, and 34460
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BANKNIFTY TECHNICAL ANALYSIS 22 July 2021Hello Friends..
Hope you had a good time ...
Friends. Here are some important levels for bank nifty for tomorrow session..
Market may be much volatile and huge gap up opening is expected..as tomorrow is weekly expiry and market is opening after one day because of holiday on 21/07/2021. Need to be very careful as market may trend in sideways..
IMPORTANT LEVELS:
34557 may act as an important support breakdown of this level may bring 200 to 400 points further downfall.
Market trend Neutral.
RESISTANCE 1: 34757
RESISTANCE 2: 35094
SUPPORT1: 34220
SUPPORT2: 34020
Sell Below 34350 For the target S1, S2. (SL 34390).
Buy Above 34557 For the target R1, R2. (SL 34530).
Disclaimer:-We are not SEBI Registered Advisors. Though, All efforts have been made to compile inputs after detailed research. Please do your own research, and consult your financial advisors before investing!
BANKNIFTY TECHNICAL ANALYSIS 16 July 2021Hello Friends..
Hope you all had a great trading experience in the expiry day today...
Today we broke up the strong resistance of 35800 and gave close above it around 35901..
Now What next on 16th July Friday..?
Friends ..what we observed is that after breakout market were in a range of (35800 - 35985) till market closed ..
Friends If this range broken tomorrow any of the side may give a movement up to 300-400 points easily..
Currently Bank nifty is in uptrend only..
Buy above 35833 for the Target 1 and 2. Stop loss: 35800.
Sell Below 35800 TARGET : Support 1 and 2. Stop loss: 35840.
Important Levels:
RESISTANCE 1: 36055
RSISTANCE 2 : 36194
SUPPORT 1: 35684
SUPPORT 2: 35332
Disclaimer:-We are not SEBI Registered Advisors. Though, All efforts have been made to compile inputs after detailed research. Please do your own research, and consult your financial advisors before investing! ...
BANKNIFTY TECHNICAL ANALYSIS 15 JULY EXPIRYHello Friends..
Hope you had a good Trading in the last session.. Friends what we observed in the last bank nifty trading session is that market opened with a gap down and break its previous day high which is a strong resistance of 35800 and took reversal from there and finally closed at 35668.
Now as we all know 15th July 2021 is a weekly expiry day so be cautious while taking any position because as we seen 35800 is a strong resistance zone.. Upside move only possible if bank nifty break this resistance of 35800 with higher volume and sustain above it. Currently bank nifty is in a range zone and in uptrend only. If Bank nifty trading below 35600 then we can see a downfall up to 35244. if trading in positive trend above 35650 then it may give a upside move up to 36025.
IMPORTANT LEVELS:
RESISTANCE 1: 35800
RESISTANCE 2: 36025
SUPPORT1: 35445
SUPPORT2: 35244
Happy Trading..
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Disclaimer:-We are not SEBI Registered Advisors. Though, All efforts have been made to compile inputs after detailed research. Please do your own research, and consult your financial advisors before investing!
BANKNIFTY SUPPORT AND RESISTANCE FOR 14 JUNE 2021We can see a gap up opening of BANNIFTY and we can see the opening around 35250. If we see an opening of 35250, intermediate support will be35020 and intermediate resistance will be at 35339. Buy Above 35360 and Sell Below 35000.
SUPPORT 1: 35020
SUPPORT 2: 34679
RESISTANCE 1: 35339
RESISTANCE 2: 35614
BANKNIFTY OPTIONS TO WATCH
35400 CE 17 JUNE
35000 PE 17 JUNE
BANK NIFTY ANALYSIS FOR 25-05-21Do not trade in between 35180 - 34680
Buy Above 35180 for the Targets marked on Chart
Sell below 34680 for the Targets marked on Chart
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
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BankNifty Futures Banknifty futures has given Breakout and looking Bullish
One can go Long at current level or in dips with stoploss of 33359
for targets of 35120, 35546, 36612 & 37950
All the key levels are mentioned in chart too, with Stop-loss and Targets.
Bollinger band up in Daily and hourly
ADX positive and up tick
Macd Uptick and above zero line in daily time frame
Macd in hourly Uptick and above zero line
RSI daily above 60 with Breakouts
RSI in hourly above 60
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
BANKNIFTY ::: LONG07 MAY 2021
INSTRUMENT: BANKNIFTY
TREND: BUY
TIME FRAME: DAY
CMP: 32904.5
BUY ABOVE: 33308
STOP LOSS: 32491
TGT 01: 35187
TGT 02: 36128
DISCLAIMER:
We are not S E B I registered analyst. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever
Banknifty Important levels for 10 May 2021Today index opened gap up couldn't saw follow - up move, though it sustained the gap it made today.
Hence on Monday if Banknifty holds 32750, then it may probably be moving towards 33950- 34000 levels very fast.
Let's see, how the index would open on Monday:
Flat - Should sustain 32750, for an up move towards 33650 and 34000.
Gap up - above 33100, could see fast move towards 33650
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