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Bankniftytrading

BANKNIFTY--Expiry is Bullish or BearishObservations:: we have previous resistance at 45300-45350 zone...which is strong. yesterday price tested the demand acts as supply zone and falls below... if this zone 45300-45350 acts as resistance price falls again.. if we want to short wait until price breaks 45000 level, and retest or pullback to previous demand zones... then enter for short for target of 44800,bullish gap. No long is suggested...will have strong resistances...
NSE:BANKNIFTYShort
by IIT-Trader
6
BANKNIFTY--Bullish Gap be filled??Observations:: Price action is completely bullish... a strong bullishness is observed from the 44900 level, even after opening gapup. tomorrow this level is resist the price to godown again... if consolidation happens at this level, we can expect an upside movement after filling the gap below to above levels. on top we observed a consolidation + plus strong bullish, with an immediate fall is observed from 45500 level, if this level acts as resistance we will observe some correction... its not a sign of reversal...keep in mind. one more gap is left @44400 level also. Will see in live market what happens.... All these are our assumptions only..... live market is entirely different from the pre market analysis.
NSE:BANKNIFTY
by IIT-Trader
06 JULY 2023 EXPIRY DAY 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 45000 then open target for T1-45200,T2-45400,T3-45600 If the Banknifty Gap-Down opening sustain Below 45200 and taking resistance below 45200 then the open Targets for T1-44800,T2-44700,T3-44600 Major Levels 45200,45000,44800 If the market stande in this area of 44800 to 45200, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYShort
by mr_bull10
04 JULY 2023 EXPIRY DAY 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 45500 and taking Support from 45500 then open target for T1-45600,T2-45700,T3-45800 If the Banknifty Flat opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44700,T3-44500 Major Levels 45000,45500,45200 If the market stande in this area of 45000 to 45500, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Will Touch ATH ??Observations:: The Banknifty index is showing selling pressure in ths zone @43900 level... but failed to take the price below yesterday's supply zone @43700 levels. until price breaks this level and retest don't think of short again... False breakdown may also happens....don't go for short until price breaks 43600 level. It may again reverse... if we see the chart, price respect the demand zone @43400 and will again moving upwards... on top we have strong resistance levels @44100-44200 level... if price consolidates between these 2 levels and will gives us breakout... if price consolidates between 44100-44200 level and moves upward.. we have strong fall area 44350 level,may push the price downwards again but area of value @44100-44200 will again push the price upside... so consider it as a pullback to 44100-44200 level. Again price is also near its trendline breakout...
NSE:BANKNIFTY
by IIT-Trader
2
BANKNIFTY--Consolidation + Down = Up ??Observations:: ---->> A strong bullish momentum is observed from this zone...43400 level... ---->> To reach this zone 43400 level from resistance price is approching with strong consolidation. ---->>if this zone again acts as support,will be on buy side until the Base low 43900, Base High 44200 only. ---->> Drop-Base-Drop formation is observed. ---->>If the base resist the price, to go upside...will again observe a fall below 43400 levels...
NSE:BANKNIFTY
by IIT-Trader
2
15/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello 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 44200 last day high and taking Support from 44200 then open target for T1-44300,T2-44400,T3-44500 If the Banknifty after a Gap-Down opening sustain Below 43850 and taking resistance below 438500 then the open Targets for T1-43600,T2-43500,T3-43400 Major Levels 44000,43900,44200 If the market stande in this area of 43900 to 40200, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
07/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello 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 44500 and taking Support from 44500 then open target for T1-44600,T2-44700,T3-44800 If the Banknifty after a Gap-Down opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43800,T2-43700,T3-43600 Major Levels 44000,44300,44200 If the market stande in this area of 44500 to 40000, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10