BANKNIFTY--Trending or Range ??the Banknifty index is still in range...
Price is continuously rejecting from the level @45100...
today after a strong fall price stopped its bearish momentum...and
price closed in the same range again...
If tomorrow price breaks the 44700 level...will be on buy side up to trendline and 45100.
If price wants to breaks this strong bullish momentum it has to break with either gap down or consolidation to bearish.
Until price breaks this level 44300 level keep on bullish...
On upside we are still pending with the retest of major trendline...
Keep track this trendline...if resist the price to go up will get good point.
will see in the next session what happens...
Bankniftyprediction
BANKNIFTY ANALYSIS FOR FRIDAY 11TH AUGUST 2023-FOR EDUCATION PURBANKNIFTY ANALYSIS FOR FRIDAY 11TH AUGUST 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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BANKNIFTY--U turn to Bullish ??The banknifty index is again showing a strong fall...with an equal rise.....
this strong fall indicates the exhaustion of selling pressure...
or is still there is some more bearishness ahead,in the end bulls successfully taken the price towards upside...
if this indicates exhaustion of buyers, after a strong selling pressure is observed or an initiation of bullishness.
we are still in confusion...we cannot predict the direction of bank nifty still....
If this fall is end of bearishness from tomorrow on wards price will go higher levels.
If this is again a beginning will see some more fall in bank nifty index.
So if it is bullish, when to enter in a trade...
after this strong rise if tomorrow it gives us any discount will enter in long side again.
tomorrow again will see a consolidation or strong break above 45100 levels..
will see in the next session what happens...
[INTRADAY] #BANKNIFTY PE & CE Levels(10/08/2023) Today will be gap Down opening in BANKNIFTY . After opening if banknifty start trading below 44950 level then possible downside rally of 400-500 points upto 44550 Level. And this rally can extend for another 400 points if it gives breakdown of 44450 level. Any Major upside only expected in case banknifty starts trading above 45050 level. also possible Reversal upside 44550 level.
10 AUGUST 2023 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 sustain Above 45000 and taking Support from 45100 then open target for T1-45300,T2-45400,T3-45500
If the Banknifty Gap-Down opening sustain Below 44500 and taking resistance below 44500 then the open Targets for T1-44300,T2-44200,T3-44100
Major Levels 45000,44800,44500
If the market stande in this area of 45000 to 44600, then it is possible that even today the market will remain in the range.
9 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Flat
After A Flat opening if Banknifty sustain Above 45000 and taking Support from 45100 then open target for T1-45300,T2-45400,T3-45500
If the Banknifty Flat opening sustain Below 45000 and taking resistance below 44800 then the open Targets for T1-44600,T2-44500,T3-44400
Major Levels 45000,44800,45200
If the market stande in this area of 45200 to 44800, then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(08/08/2023) Today will be gap Down opening in BANKNIFTY . After opening if banknifty start trading Below 44950 level then possible downside rally of 400-500 points upto 44550 Level. And this rally can extend for another 400 points if it gives breakdown of 44450 level. Any Major upside only expected in case banknifty starts trading above 45050 level.
8 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELS
Hello 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 45000 and taking Support from 45000 then open target for T1-45200,T2-45400,T3-45500
If the Banknifty Gap-down opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44600,T3-43400
Major Levels 45000,44800,45200
If the market stande in this area of 45200 to 44800, then it is possible that even today the market will remain in the range.
BANKNIFTY--Bull Trap or Bear Trap ??After a strong fall, price is given us retracement.
this retracement is to enter for short side or Enter in long side.
price is clearly taking the support from 45500 levels,
all done on long side up to neckline as mentioned previous.
Now this is very interesting price is given us retracement....
this retracement is for buyers...initiated at strong resistance this will continue upwards again...
this has to break above the 45100 levels....If failed to break above,
otherwise who has initiated longs and carrying Calls, Bulls will be trapped.
After a strong fall, from the major trendline price is continuously falling, so those who missed the previous selling opportunity, those who think that price given us retracement to enter in short side, this is the place to enter for short and they initiated shorts...
if price opens bullish and continue towards upside then it is a bear trap.
One more interesting point is, @45100 levels price is showing strong bearish pressure...
and to test this buyers struggled to reach the zone...
a consolidation to upside is observed...if this is a sign of weakness for buyers on next session will be a falling again.
until price breaks above 45100 levels and retest no bullish view...
it is still in bearish mode only.
I think this post is helpful...
Note::
It might hurt some one, who is carrying calls and puts...
But the psychology of markets behavior is like this only....
As a retail traders we can't take any decisions, we have to move with them...
Thank you very much for your support and encouragement....
Have a nice weekend....
7 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello 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 45000 and taking Support from 45000 then open target for T1-45200,T2-45400,T3-45500
If the Banknifty Gap-up opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44600,T3-43400
Major Levels 45000,44800,45200
If the market stande in this area of 45200 to 44800, then it is possible that even today the market will remain in the range.
BANKNIFTY--44500 is Support or Resistance ??Bank nifty index a continuous fall is observed from the break of major trendline without retest.
price broken the demand @44800 and 44600 levels,
the previous resistance is also failed to push the price up,
so a strong fall is observed below 44500.
Price is now exactly closed @ 44500 level, which is a strong fall area previous.
if this again pushes the price down will observe a continuous fall to bottom levels @43800 levels.
if the same resistance acts as support, price is again be bullish.
tomorrow move will decide to go further lower or higher.
until keep in watch mode.
I will do one more post on buy side setup...
I cannot mix both intraday and swing setup in a single post.
Thanks for your support and Encouragement guys.
stay tuned for more updates....
4 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello 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,T3-45100
If the Banknifty Flat opening sustain Below 44300 and taking resistance below 44300 then the open Targets for T1-44200,T2-44100,T3-43900
Major Levels 44500,44300,44600
If the market stande in this area of 44500 to 44300, then it is possible that even today the market will remain in the range.
BANKNIFTY--Which is Support,Demand or Resistance ??The neckline broken strongly...
the trendline broken strongly....
Price opens gap down and moved to down side drastically.
Now we have 2 options, where to look for short again.
1. Neckline or
2. Trendline.
So in order to reach these 2 points, price has to reversal,
so from which zone we can expect a reversal.
If we see on bottom side,
today price has taken the support from 44800 level, and price is exactly closed in a strong fall area 45100.
If tomorrow again opens a gap down and continuously fall, and breaks 44800 level
we have to look at 2 places for buy,
one is 44600 level and
another one previous strong resistance may acts as support 44500 and pushes the price upwards.
price closed at 45100 previously it is a strong supply,
so on continuous move it pushes the price more towards downside.
If price reaches any of these 2 places look for buy,
Look for sell @neckline or trendline. No retest is observed in this places.
Note:: Price may break the trendline or Neckline and moves upwards again to reach the ATH.
So careful here.
BANKNIFTY--Hidden Head & Shoulders Pattern??A pattern(Head and Shoulders) inside an another pattern of (Head and Shoulders) in Higher time frame....
If the Trendline or Neckline on the inside pattern of Head and Shoulders acts as resistance,
there will be an one more fall happens in Bank nifty.
which is more dangerous than this one.
Keep watch these internal levels and external levels....they will acts as support and resistance.
keep look at these levels....
Happy Trading guys....
Note::
I am not available for the next 1 or 2 weeks....
Thank you guys for your support and Encouragement.
will be back soon...
3 AUGUST 2023 BANKNIFTY EXPIRY DAY 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 sustain Above 45000 and taking Support from 45100 then open target for T1-45200,T2-45300,T3-43500
If the Banknifty Gap-Down opening sustain Below 44700 and taking resistance below 44700 then the open Targets for T1-44600,T2-44500,T3-44300
Major Levels 45000,45100,44800
If the market stande in this area of 45000 to 44700, then it is possible that even today the market will remain in the range.
BANKNIFTY--Inside Candle + Upside = Fall ??After Showing strong Bullish Pressure towards new ATH, price showing strong bearish pressure.
price also forms a inside candle, and yesterday shows a strong bullish momentum again.
if this bullish momentum sustains...or falls again.
Considering that inside candle as consolidation at Previous ATH levels,
and shows us a bullish momentum, so if we consider this as
Bearish Pressure + Consolidation + Upside = Great fall.
if we observe after breaking the trendline no retest is observed in higher timeframes,
a strong bullish move is observed from 44700-44750 levels.
if price failed to take the help of previous HH, and bottom side Demand fails,
we can expect a strong fall.
Will see what happens in live market...
Thanks for your support.
BANKNIFTY--Drop Base Drop ??Price broken the trendline and retested, we will enter in short side...Our target gets hit.
price again on the other side broken the trendline and we enter in long side.. our stop loss hits.
now price is near to the major trendline break...
in bigger time frame price broken bullish channel...
and in smaller time frames...it is again in channel...
so tomorrow if price again reversed from the major trendline, looks for buyside...
Price is without touching the resistance showing bearishness, to trap the early sellers.
now we have to observe price will again bullish from drop base drop...
so will see what happens in the next session.
BANKNIFTY--@Major Trendline Break ??Bank nifty index is again taking the support from the trendline
and showing bullish pressure..
now the price is near its previous strong fall area.
If this area pushes the price downwards price is again fall.
If price breaks the trendline we have a strong support in the bottom side @44800...
that will again push the price upside...
So Until price breaks the trendline keep on buy side...
will be on short side...if price breaks and retest the trendline.
Will see in the next session what happens...
2 AUGUST 2023 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 sustain Above 45600 and taking Support from 45600 then open target for T1-45800,T2-46000,T3-46200
If the Banknifty Gap-Down opening sustain Below 45500 and taking resistance below 45500 then the open Targets for T1-45300,T2-45200,T3-45000
Major Levels 45500,45400,45600
If the market stande in this area of 45800 to 45500, then it is possible that even today the market will remain in the range.
BANKNIFTY-- Double Top Formed??Bank nifty Index has formed a double top
price has formed a double top, with a break of demand and price is retraced back to fall again.
If price wants to fall from strong resistance area,
tomorrow price will again test the strong resistance at 45900 level.keep on buyside until this area.
we have a bearish Gap and Strong resistance.
Until price fills these we can't be on bearish side...
we have a trendline confirmation as well...price has taken the support from trendline multiple times, until price breaks the trendline and retest don't go for short side...