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Bankniftytrend

BANK NIFTY INTRADAY LEVELS FOR 18/04/2024I'M BACK TO TRADINGVIEW AGAIN Let's Do Rock the Levels With me How Many People are Happy Now BUY ABOVE - 47560 SL - 47410 TARGETS - 47700,47840,47950 SELL BELOW - 47410 SL - 47560 TARGETS - 47300,47200,47050 NO TRADE ZONE - 47410 to 47560 Previous Day High - 47600 Previous Day Low - 47300 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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
6
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.
NSE:BANKNIFTYLong
by mr_bull10
BANKNIFTY Trading StrategyThe trading setup for Bank Nifty on the daily timeframe suggests an investor buying zone ranging from 45,800 INR to 46,100 INR. This range indicates a level where significant buying interest has historically been observed, potentially acting as a support zone for the index. Additionally, on the 4-hour timeframe, a fresh buying zone is identified between 46,600 INR to 46,800 INR. This zone represents a recent area where buying pressure has emerged, indicating potential renewed bullish momentum for Bank Nifty. The trading strategy includes setting a target of 260 pips, which equates to approximately a 6% gain. This target suggests the anticipated upside movement in Bank Nifty from the identified buying zones to the desired profit level. Furthermore, the importance of risk management is emphasized in the setup. Managing risk involves implementing measures such as setting stop-loss orders to limit potential losses and controlling position sizes to mitigate risks. Traders are encouraged to adhere to their risk management strategies diligently to protect their capital and minimize potential downsides. Lastly, an open invitation is extended to address any confusion that traders may encounter. Clear communication and support are essential for traders to understand and execute the trading setup effectively. By providing assistance and clarification, traders can navigate the market with confidence and enhance their chances of success.
NSE:BANKNIFTYLong
by MOAZAM1133