Bank Nifty Short TermPlease note : Bank nifty has given cup and handle pattern breakout. There is a high probability that 53300 level can be achieved. Subject to 48000 level is not broken.
DISCLAIMER : THIS IS FOR EDUCTIONAL PURPOSE ONLY
Bankniftytrading
banknifty banknifty after breakout all timr high its rally going 4.70 percentage so 51000 banknifty reach chance
Now what ?Bank nifty in in no man's land. The close of tomorrow's candle will give us some level to mark. There seems to be decent absorption at 49580. But how strong these shorters are will be have to be seen tomorrow. Ideally a HANDLE will have to be formed for a healthy up move. Now, how big a handle?
Bank NiftyPair : Bank Nifty
Description :
Impulse Correction
Bullish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves
[INTRADAY] #BANKNIFTY PE & CE Levels(15/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 48450 level then possible downside rally of 400-500 points upto 48050 Level & this rally can can extend another 400 points if market gives breakdown 47950 level in todays session.Any Major upside only expected in case banknifty starts trading above 48550 level to 48950 level.
10 APRIL 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap down
Focus to buy above 48500 if sustain above 48400 focus for short selling
After A gap down opening if Banknifty sustains Above 48600 and takes Support from 48600 then open target for T1-48700, T2-48800,T3-49000
If the Banknifty gap down opening sustains Below 48400 and takes resistance below 48400 then the open Targets for T1-48300, T2-48200,T3-48100
Major Levels 48500,48600,48800
If the market stands in this area of 48600 to 48800 then it is possible that even today the market will remain in the range.
What a stop!At least Bank Nifty is listening to me. It did stop indeed. Now let us see how bullish the bullish of bulls are on Indian Banks and their short-term growth prospects. No one is accumulating HDFC at least as expected. Fresh buyers have to come in and buy some banks take it higher.
19 MARCH 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 46400 and takes Support from 46400 then open target for T1-46500, T2-46700,T3-46800
If the Banknifty gap up opening sustains Below 47000 and takes resistance below 47000 then the open Targets for T1-46800, T2-46500,T3-46400
Major Levels 46500,46700,46800
If the market stands in this area of 46500 to 466700 then it is possible that even today the market will remain in the range.
BANKNIFTY Levels to watch!Banknifty Support & Resistances are working really well. You can mark in your charts and I hope it will bring some ease.
Happy trading/investing
Cheers!
BANKNIFTY--Head & Shoulders ??BANKNIFTY index is at important zone of resistance.
price filled the bearish Gap at 48100 levels..
on bottom side price by consolidating above the major trendline, price tested the zone of resistance at 48100.
this is the time to look for bearishness or Bullish continuation.
Price is at Major zone of resistance.. This is one more crucial phase to continue or reversal.
Head ::
Consider the price movement above 47400 as Header section.
Left shoulder ::
Left shoulder is already confirmed at 47400-47200 levels.
Right Shoulder::
wait for the price to form a right shoulder... near the 47200 levels...
Neckline::
Neckline is already located at 45600 levels.
wait for the price to break the neckline or reversal from from neckline and gives us retracement to enter short side by keeping the SL at above the Left shoulder(NOW), also a right shoulder later, just wait for confirmation.
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Until price breaks the left shoulder keep in long side.
If left shoulder will push the price up or Not. so wait for the price reaction at that levels.
BANKNIFTY--Bullish Setup??Bank nifty taken the liquidity below the 47200 levels...
on bottom side we have a strong bullishness observed by breaking the trendline @46800 levels,
now price is on its way to test this zone of support. this is the only zone that can push the
BANKNIFTY further upside...
keep in long side as long as price is above this levels.
on the other hand, IF price failed to breaks the NECKLINE or failed to create the right shoulder price will again test the ATH levels.
this is the only short cut way to reach the ATH again.
Banknifty Prediction for tomorrow 11 Mar (Monday)Hello traders, As we discussed in our last analysis, the market took resistance from the resistance zone, and the result was sideways.
If we look at the chart data now:
The market is taking resistance at 48119. (Why this resistance looks like my last bank nifty analysis). The market is trading at the resistance zone right now. Also, there has been a good momentum without consolidation. There can be a fallback till 47230 or 200 EMA.
There are multiple support points lower side -> 200 EMA, Price action support, Fibonacci 0.38 Level.
If we look at the OI data:
PCR = 0.88 shows bullish sentiments. But if. we look at the change from the previous day, 1.28 - 0.88, it shows bears are continuously increasing their position in the market. Also, there has been a Huge surge at 48000 CE OI, which is going to provide good resistance.
FII and DII data do not show much of the information except that the market might open a small gap-down.
I am expecting the market to get consolidated.
Case 1 : Market takes fallback till 200 EMA.
Case 2: Market consolidation in the range 47750 - 48119.
Reasons:
Price taking support 47750 & resistance at 48100. which might lead to sideways behavior.
RSI < 50 falling shows weak bulls. That might lead to a fall if RSI goes below 40.
RSI is having hidden bullish divergence. RSI is making LL, and the price is making HH.
PCR change from 1.28 - 0.88 shows strong power of Bears. Also, there is less PE writing than CE writing.
Verdict : The market is in consolidation mode.
Sideways or Bearish
Plan of action:
Case 1: Sell 47700 CE (Hedge it with 20 rs CE).
Case 2 : Iron condor in range 47750 - 48119.
BANKNIFTY--@Trendline ResistanceA strong bullishness is observed in BANKNIFTY index, now it is at one more crucial stage
this time will this breaks the trendline or fails to break this line.
if price failed to make a break above this will observe a one more fall in Bank Nifty.
On bottom side we have liquidity lies below 44600 levels...
Wait for the price to break the trendline and sustain otherwise fall happens.
This is the place to book all longs for now.
BANKNIFTY--S/R Levels??I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
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keep in long side as long as price is above the trendline. will go for short once price breaks and retest of trendline.
BANKNIFTY--Support ?? Resistance??Bank nifty index is taking the support multiple times from the level @46400 levels.
this is the crucial level to see it will break the trendline to move upside or by facing the resistance in the form of support and falls back to below levels and continue to move down. even though price breaks the trendline we have to wait for bullish continuation.
NiftyBank key levels for March 1, 2024Stay ahead of the curve with our daily Bank Nifty key levels!
NiftyBank key levels for March 1, 2024
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Overview:
Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the fall of 700 points in BankNifty
Link for yesterday’s levels, you can check it yourself :-
Here are the key levels to watch for potential entry and exit points in
BANKNIFTY
Resistance Levels:
- Refer the Red line on the chart
Support Levels:
- Refer the Green line on the chart
Trading Strategy:
- Long Position:
Consider initiating long positions near support levels only after reversal confirmation for potential upside movement.
- Short Position:
Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement.
Risk Management:
- Always use stop-loss orders to protect against adverse market movements.
- Consider position sizing based on risk tolerance and account equity.
Disclaimer:
These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Thanks
BANKNIFTY--Rally Base Rally or Reversal??A strong bullish momentum is observed from double bottom levels,
now price is near to the previous strong resistance area, if these resistances acts as support then only will see an upside momentum...if they failed to push, it will continue its momentum towards below levels...
CASE 1::
Rally Base Rally
If it is a rally base rally price will take the support of 45600 levels...and it will continue to move upside above 47600 levels.
keep an eye on trendline, if breaks will look for long on retracement.
Case 2::
Reversal
If we observe a consolidation on bottom side @ double bottom levels..
it will go down and reversal may happens from 44000 levels...
NiftyBank key levels for Feb 28, 2024Overview:
Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published on tradingview
Link for yesterday’s levels, you can check it yourself :-
Here are the key levels to watch for potential entry and exit points in NSE:BANKNIFTY
Resistance Levels:
- Refer chart and red lines
Support Levels:
- Refer chart and green lines
Trading Strategy:
- Long Position:
Consider initiating long positions near support levels only after reversal confirmation for potential upside movement.
- Short Position:
Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement.
Risk Management:
Always use stop-loss orders to protect against adverse market movements.
Consider position sizing based on risk tolerance and account equity.
Disclaimer:
These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Thanks
BANKNIFTY--@Trendline Resistance??BANKNIFTY Index is showing bearishness from 47200 levels...
On top side price created a trendline...now until price breaks the trendline keep ur view to short only..
failed to consolidate on topside..to move upside..
so its time to look for short near the trendline...
tomorrow chance of upside and test the trendline and again turned to bearish again...
to grab the liquidity below the demand zones. on bottom side we have supports at 46200 and 45800 levels
wait for the price to come to these zones, enter here to continue long side again.
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.
NIFTY BANK BUY VIEWNifty bank Uptrend Start .
Some correction are Expected .
Target - 48290
Expected - 1200 points
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.
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.
