Range Breakout in Bank NiftyDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Bankniftytrading
11/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
As per data today Banknifty will open with a big gap up now we have two option for trade
* If banknifty after a big gap up sustain above 7/11/2022 high and sustain above then open target for 42200 - 424000
* Either banknifty not sustain above the the 41950 then may be moving between 41950 to 41600
09/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
Now banknifty making higher high formation so market in positive now
*If banknifty sustain last day high above 41780 then focus for long 42000 - 42200
* Either break the trend line and break the higher high formation and sustain below 41400 then focus for short .
* Major level 41400 level
important levels marked.well as of now US market is 1.5% up. if banknifty brokes its all-time high then there is a chance of having a good trend day tomorrow. so wait for your long entry and if possible try to hold your winners and cut your losses short to stay longer in the stock market.
because it was a holiday today so there will be the effect of theta decay as well. keep that thing in your mind traders.
Best of luck.
07/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
From 24th Oct Banknifty moving in a range 40800 to 41700 major level 41500 and 41100 max time moving in this range .
* If banknifty break last days high 41500 and sustain above the price then focus on long side.
* Either break last day low 41000 and sustain below the low then focus for short
* if banknifty moving in a range then avoid today
04/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
Banknifty now standing in a middle of the filed .strong support 41200 and strong resistance 41400
*If banknifty break support level then open for 41100 to 408000 level
* Either break the resistance open for 41500 to 41700 level
* if banknifty play between 41200 - 41400 then avoid trade
Tomorrow banknifty levels!!Tomorrow was a very good day to trade if movement was on in market. Banknifty was on in right angle triangle and also in the way of making bullish h&D breakout if it break the triangle with the support of h&D breakout thn we see more bullish in it .
Soo buy banknifty at 41400
Target 41517 41670 41848
Sl 41240
Sell Banknifty below 41245
Target 41165 41040 40943 40830
Sl 41400
03/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
As per data Banknifty today will open with a gap up now we have again two option for trade.
*Now banknifty making lower high formation if banknifty taking resistance below 41200 then open target 41800 - 41600
*If Banknifty after a gap down opening break the lower higher formation and sustain above 41200 then need to to break last day high for a up trend. if banknifty not break last day high then may be banknifty today playing in a range
*Major level 41200 level
02/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
As per data banknifty today will open with gap down now we have two option for trade.
*If banknifty open gap down and sustain below 41200 then open target 40800.
*If banknifty after a gap down not sustain below 41200 the banknifty may be choppy (open level 41200 - 41500)
* Major level 41200 level
01/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
Today also Banknifty will open with a gap up so may be today after a gap up banknifty showing reversal trend. Then we have two option .
*After a gap up if banknifty break last three day high (41560) level and sustain above then focus on long side.
* After gap up respect last resistance level (41560) and marking resistance then focus for reversal trend if break 41200 low then open target level 40800
31/10/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello guys
Good Morning Everyone,
As per data today banknifty and nifty will be open with a big gap up. now we have two option.
* After a big gap up if price action develop and break last two days high then we focus on long side.
* if BAnknifty open a big gap up banknifty but not break last two days high then market may be moving in a rage
28/10/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
Today also banknifty will open with a gap up and second thing continues last 3 days banknifty and nifty playing in a range may be today doing well. so we have two plan .
* If Banknifty after a gap up sustain 41500 level then open target for 41800-42000
* If Banknifty Sustain below low 41000 level then open target 40800-40600
27/10/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello,
Good Morning Guys
As per data Market will open with a gap up so now we have 2 option to trade the banknifty .
* If banknifty open a gap up and break last day high((41500) and sustain above you can focus for long .
*After opening a gap up if banknifty not sustain last day high and play below last day high you will be alert may be banknifty moving in a range