BANKNIFTY ANALYSIS FOR 6th SEPTEMBER 2023-FOR EDUCATION PURPOSE BANKNIFTY ANALYSIS FOR 6th SEPTEMBER 2023-FOR EDUCATION PURPOSE ONLY
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Bankniftytrend
[INTRADAY] #BANKNIFTY PE & CE Levels(05/09/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level.
05 SEPT 2023 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 44500 and taking Support from 44500 then open target for T1-44700,T2-44900,T3-45000
If the Banknifty Gap-Down opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43900,T2-43800,T3-43600
Major Levels 44500,44200,44600
If the market stande in this area of 44500 to 44000, then it is possible that even today the market will remain in the range.
BANKNIFTY-- Liquidity @45200 ?A strong bullish move is observed from the 43800 levels...previously a strong support now acts as support again.
If tomorrow price wants to break the channel on top side...
it has to break 2 resistances at 44800 and 45000 levels..
which are considered as strong levels of resistance.
But the liquidity is lies on above these 2 resistances..
so in the next session if price gives us any retracement to 44200-44300 will be on buy side
up to these 2 resistances... until clears the liquidity.
Case 1::
If price breaks 44800 resistance and gives us retracement will be on buy side...
Case2 ::
If no retracement is given, then price will definitely in consolidation before breaking these 2 resistances...consider entry at channel bottoms
Case3 ::
Opens up and continue to move towards 45200 levels...
enters long on break and retest of any resistance.
If price stops then sellers will try to push it downwards...so a strong push will happens...
case 4 :: Opens flat and gives us some discount @44200 levels...then also be long...
Will see in the next session what happens...
[INTRADAY] #BANKNIFTY PE & CE Levels(04/09/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level.
04 SEPT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Up
After A Gap-Up opening if Banknifty sustain Above 44500 and taking Support from 44500 then open target for T1-44700,T2-44900,T3-45000
If the Banknifty Gap-Up opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43900,T2-43800,T3-43600
Major Levels 44500,44200,44600
If the market stande in this area of 44500 to 44000, then it is possible that even today the market will remain in the range.
BANKNIFTY ANALYSIS FOR 4th SEPTEMBER 2023-FOR EDUCATION PURPOSE BANKNIFTY ANALYSIS FOR 4th SEPTEMBER 2023-FOR EDUCATION PURPOSE ONLY
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Indian and US market OutlookNifty has made a significant recovery after hitting a low of 19223 on August 31, 2023. According to Elliott Wave Theory, the Nifty made its low as Wave iv of Minute Degree Wave {iii} within Wave (i). Until November 2023, Wave (i) of Minute Degree Wave {iii} might drive the index toward 20400-20600. As Wave (ii) of Minute Degree Wave "{iii}," a pullback toward 19000 is what we can anticipate.
On Friday, September 1, 2023, Banknifty may have completed Wave (ii) of Minute Degree Wave "{iii}." By November 2023, it may move toward 48800.
The S&P 500 may rise as Wave (v) of Minute Degree Wave "{iii}" toward 4800. Minor Degree 1 and Minute Degree Wave {v} may peak between 4900 and 4950 till the year's end.
Until November 2023, the Nasdaq 100 appears to be peaking as Minor Degree Wave 1 in the range of 16370 to 17450.
In a sequence known as Wave 1-2 and 1-2, DJIA is expanding. Thus, given its current structure, the DJIA may outperform other major US indices through the end of the year.
BANKNIFTY--45600 Or 42800The BANKNIFTY index is showing strong bullish pressure to reach again to test the triangle breakout level on topside.
If price breaks and retest will enter long to the top side.
if price breaks below and gives us retracement will go for short side.
Breakout and retest is important for us to reach the ATH or below 43400 levels.
On top side if price breaks 45100 and retest of the trendline go for buy up to 45200,45600.
If price breaks bottom side and gives us retracement will enter short side, to the targets of 43400 and 42800 levels.
where a strong level of support build at this place.
01 SEPT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Up
After A Gap-Up opening if Banknifty sustain Above 44200 and taking Support from 44200 then open target for T1-44300,T2-44400,T3-44500
If the Banknifty Gap-Up opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43900,T2-43800,T3-43600
Major Levels 44000,44200,43900
If the market stande in this area of 44200 to 44000, then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(31/08/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44050 level then possible upside rally of 400-500 points upto 44450 Level. Any Major downside only expected in case banknifty starts trading below 43950 level. also possible Reversal Downside 44450 level.
31 AUGUST 2023 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 44000 and taking Support from 44100 then open target for T1-44200,T2-44300,T3-44500
If the Banknifty Flat opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43900,T2-43800,T3-43600
Major Levels 44000,44200,43900
If the market stande in this area of 44200 to 44000, then it is possible that even today the market will remain in the range.
BANK NIFTY INTRADAY LEVELS FOR 30/08/2023BUY ABOVE - 44610
SL - 44520
TARGETS - 44680,44800,44920
SELL BELOW - 44440
SL - 44520
TARGETS - 44360,44230,44100
Previous Day High - 44680
Previous Day Low - 44440
I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
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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.
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