BANK NIFTY INTRADAY LEVELS FOR 28/02/2024BUY ABOVE - 46700
SL - 46560
TARGETS - 46900,47080,47200
SELL BELOW - 46450
SL - 46560
TARGETS - 46300,46450,46300
NO TRADE ZONE - 46560 to 46700
Previous Day High - 46700
Previous Day Low - 46300
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Bankniftytradesetup
NiftyBank key levels for 27th Feb, 2024Stay ahead of the curve with our daily Bank Nifty key levels!
#NiftyBank key #levels for 27th Feb, 2024
Look for the support and resistance lines and trade only at confirmation of reversal.
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BANK NIFTY INTRADAY LEVELS FOR 27/02/2024BUY ABOVE - 46700
SL - 46560
TARGETS - 46900,47080,47200
SELL BELOW - 46450
SL - 46560
TARGETS - 46300,46100,45930
NO TRADE ZONE - 46450 to 46700
Previous Day High - 46900
Previous Day Low - 46560
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
27 FEB 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 46500 and takes Support from 46500 then open target for T1-46700, T2-46800,T3-47000
If the Banknifty gap down opening sustains Below 46400 and takes resistance below 46400 then the open Targets for T1-46300, T2-46200,T3-46000
Major Levels 46500,46400,46700
If the market stands in this area of 46400 to 46600 then it is possible that even today the market will remain in the range.
BANDHAN BANK: Underperforming name in banking spacestock is strong downtrend
its one of theweakmost names in banking space
with banking index trading near all time high
this stock is at 52 week lows and not just that but at 3 year lows
such stocks are ideal sell candidates fr trading and expect a heavy downmove here with a stop above 232 mark
BANKNIFTY--Inverse Head & Shoulders??Bank nifty index is showing strong bearish pressure after the liquidity grab above 47200.
price tested the demand zones on bottom side and now facing resistance at trendline.
we have a chance of inverse head and shoulder pattern, to test the ATH levels.
If consolidation happen above neckline will have a chance of testing the ATH is more.
BANK NIFTY INTRADAY LEVELS FOR 26/02/2024BUY ABOVE - 47080
SL - 46900
TARGETS - 47200,47360,47600
SELL BELOW - 46700
SL - 46900
TARGETS - 46450,46300,46100
NO TRADE ZONE - 46700 to 47080
Previous Day High - 47200
Previous Day Low - 46700
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
26 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open flat
After A gap flat opening if Banknifty sustains Above 47200 and takes Support from 47200 then open target for T1-47300, T2-47400,T3-47600
If the Banknifty flat opening sustains Below 46800 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500
Major Levels 47000,46800,46500
If the market stands in this area of 47000 to 46800 then it is possible that even today the market will remain in the range.
Bank Nifty Positional chart viewHourly chart shows M pattern breakout. Initially i though it is head and shoulder but instead it formed M pattern and trend indicates downward movement. (posted in my previous post).
Right now, on Daily chart it looks it didn't proceed with W pattern. BankNifty has trapped CE buyers who would have thought that it'll fill the gap upper side. Some downnside movement in past 3 days but it was a good fight. Bulls are not exhausted yet.
BANKNIFTY--Case1 or Case2??BANKNIFTY Index is showing bearish pressure after the liquidity grab above 47200 levels,
tomorrow we have a chance of price trading in a channel and likely to test the demand zones at
46500 levels...
these two possible cases may happens ::
Case1::Rally base Rally
A strong rise is observed from the demand zone at 46500 levels, by creating a bearish channel price may test this demand and again be bullish.
on topside if rally base rally happens the next resistance is 47600-47700.
So take care of your trades.
Case 2:: Rally Base Reversal
On topside we have a triple top, which is a strong resistance so, we can expect a break below the the demand zone and it will continue its movement towards bottom side.
Look for buy if the price grabs the liquidity on below the demand zones and keep in long side from demand zones.
BANK NIFTY INTRADAY SETUP 23 FEB 24Bank Nifty Is super strong than nifty. There is a buying opportunity to go long
1. Previous Day's closing bullish
2. Trading above previous Day's High
3. Broke 1st Bearish candle on 5Min TF
4. Took Support From & Buy Signal on 5 Min TF from the marked Zone as demand & Support level.
NIFTY INTRADAY LEVELS FOR 23/02/2024BUY - 22250
SL - 22170
TARGETS -22300,22350,22400
SELL - 22170
SL - 22250
TARGETS - 22120,22070,22020
NO TRADE ZONE - 22170 to 22250
Previous Day High - 22250
Previous Day Low - 21890
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 22/02/2024BUY ABOVE - 47130
SL - 47000
TARGETS - 47360,47600,47750
SELL BELOW - 46900
SL - 47130
TARGETS - 46700,46500,46300
NO TRADE ZONE - 46900 to 47360
Previous Day High - 47360
Previous Day Low - 46900
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANKNIFTY Analysis??Double Bottom is Observed...A Strong reversal is observed from support levels @44400 levels.
A lot of liquidity is lies above the 47200 levels.
A Continuous move is identified in Banknifty index, after the liquidity grab on topside above 47200 levels,
we have a chance of fall back.
on top side we have a trendline as well.
keep safe in this area of resistance zone...
Nifty trade setup (check caption for detail)Index witnessed a strong upmove after initial cool off
Index witnessed highest ever closing today with Nifty surpassing the mark of 22200 level
Going forward ⏩ now Support comes at 22100-22060 area on the lower end followed by 21930
The overall trajectory as can be seen by visible price action suggest that nifty can continue to inch further up towards 22500-22550 areas
As long as support of 21930 -21950 is intact
The best part for the day is the strong move in banking index especially in the giant Hdfc bank which suggest that the move can extend further by taking support of banking stocks & Twitter wala pratik2358 believes that as long as there is no proper bearish signal, just staying short is a waste of opportunity.
BANKNIFTY--Inverse Head & Shoulders??Banknifty Index created a inverse Head and Shoulders pattern...
price broken the neckline strongly...and retested.
on topside clearly resistance is at 46200 and 46500-46550 levels...
keep in long side until price is above the neckline...
no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below support levels.
If price gives an elimination move below 45500 levels...
look for long side...up to the resistance levels.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/02/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 level & this rally can extend another 400 points if market gives breakout 46550 level in todays session .Any Major downside only expected in case banknifty starts trading below 45950 level. also possible Reversal downside 46450 level.