BANKNIFTY--Last push towards 44K or 1 left ??Observations::
---------->> the previous supply zone clearly resisting the price to go down , witnessed buyers succeed this time to take the price to higher levels.
---------->> Hence the price is closed @43900 levels.
If tomorrow price breaks 43400 level, we will observe a strong fall towards 43000,43100 levels
---------->> we have an untested demand zone @42200 will push the price upwards again to 43400 or 43600 (this will resist the price to upside again) gives pullback.
---------->> Be careful at 43000-43100 levels.
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consolidation + up move = fall again ,if price opens ((or falls)) below 43600 levels, look for sell opportunity at 43400 to 43600 levels.
Bankniftytrendanalysis
BANKNIFTY--Bearish Turn or Bullish ??Observations::
---------->>Price opened gap up and observed a strong fall with consolidation.
---------->> the previous supply zone clearly resisting the price to go down, witnessed buyers failed to take the price to higher levels.
---------->> Hence the price is still closed in the range of 43600-43400.
If tomorrow price breaks this level, we will observe a strong fall towards 43000,43100 levels, if price again breaks 43000 levels, 42850 level acts as a pullback to 43000-43100 level, at this level previously strong sell off is observed, here(43000-43100) if again strong push to the down side happens price falls below 42850,up to 42400 levels.
---------->> we have an untested demand zone @42400 will push the price upwards again.
---------->> Be careful at 43000-43100 and 42500-42400 levels.
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consolidation + gap = fall again ,if price opens above 43600 levels, look for sell opportunity at 43800-43900 levels.
BANKNIFTY-- If 43400 resist,43000 will acts as Support?? Observations:
------->>After A strong fall price showing bullish movement towards 42400 levels,
-------->>Previous strong resistance @42700 acts as support and showing bullish pressure towards 43000,43400 levels.
------->> If 43400-43350 level acts as Resistance(Previous Demand Zone) price will again fall from this level.
--------->>previously Strong rise happens from @43400-43350 levels, also be careful at this level before long will again see some bearishness in this zone.
note:
Tomorrow mostly price consolidates between these 2 levels.
If 43350-43400 level acts as resistance ,and the zone @43000-43100 previous resistance(If turned to support),then only price is bullish again.
If 43000 level failed to acts as support, price again fall back to below 42700 levels . Careful at these levels.
BANKNIFTY--42700-42650 acts as Support??Observations:
After A strong fall price mostly enters into consolidation stage.
Previous strong resistance @42700 broken and showing bullish pressure towards 43000,43600 levels.
(Price broken the 42700-42650 zone to downside and closes inside this zone.)
If the same level acts as support price will again rise from this level,
Strong fall happens from @43200-43100 level also be careful at this level before long will again see some bearishness in this zone.
Try to be on the long side from 42700-42620 levels to reach 43000-43200 levels.
Go long:
Above 42850 to reach 43000,43100 levels.
Short: Don't think of Short now. be on short side from 43200 levels up to 42850,42700 only.
price breaks 42620 and gives retest go short for 42400 levels.
Banknifty Parallel Channel Time CycleWhat do you think? Will banknifty be able to repeat its time cycle?
Because 1 feb 2021 to 25 oct 2021 in Parallel Channel two times touch at upper level within 366 days (38 weeks).And then 25 oct 2021 to 13 jun 2022 falls 22.87%(9550) at Parallel Channel lower level.Again banknifty repeat the 1st cycle with same time period at lower level (13 jun 2022 to 13 mar 2023).Banknifty will be able to repeat its second time cycle which
target1-9550points
target2-56000 to 57000 banknifty level
12/04/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Flat is going to open
After A Flat opening if Banknifty sustain Above 41600 and taking Support from 41600 then open target for T1-41800,T2-42000,T3-42200
If the Banknifty after a Flat opening sustain Below 40600 and taking resistance below 40600 then the open Targets for T1-41400,T2-41200,T3-40800
Major Levels 41600,41500,41700
BANKNIFTY LONG LEG DOJI ON MONTHLY TF #BANKNIFTY Strong Reversal candle this week & Long Leg DOJI on Monthly Chart After 3 Consecutive Months Sell-off!!
Only a break below 38600 level would mean a change in trend to downward.
The price perfectly fulfills my last idea and moved towards the upside and also closes above the 39888+ On weekly Chart. From the support zone of 38600 price moved towards the upside till the 40650+ with a bullish candle and price closes on positive note on weekly chart in the Friday session after 3 Consecutive red candle on weekly chart we closes in big green candle in the last week.
Now the price can head towards the 41000-41222 levels to touch the Downward parallel channel and if price go sideways for 1 to 2 days near the upper hand of parallel channel and than breaks the upper parallel channel and level of 41222 and sutain above it than we can see good upside move and targets will be 41800/43000+ In coming trading sessions.
If price unable to breaks the upper parallel channel and again respects it and face Resistance than we can again Move towards the downside till the support level .
Level of 38500 is support for the Banknifty on monthly chart.
21/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 39700 and taking Support from 39700 then open target for T1-39900,T2-40000,T3-40200
If the Banknifty after a Gap-Up opening sustain Below 39000 and and taking resistance below 39000 then the open Targets for T1-38800,T2-38600,T3-38500
Major Levels 39200,39500,39300
13/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 40300 and taking Support from 40600 then open target for T1-40800,T2-41000,T3-41200
If the Banknifty after a Gap-Up opening sustain Below 40400 and and taking resistance below 40400 then the open Targets for T1-40200,T2-40000,T3-39800
Major Levels 40500,40600,40400
06/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONE
Hello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 41400 and taking Support from 41400 then open target for T1-41500,T2-41700,T3-42000
If the Banknifty after a Gap-Up opening sustain Below 41130 and and taking resistance below 41130 then the open Targets for T1-40900,T2-40700,T3-40300
Major Levels 40000,40200,40400
03/03/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 40450 and taking Support from 40450 then open target for T1-40600,T2-40800,T3-41000
If the Banknifty after a Gap-Up opening sustain Below 40300 and and taking resistance below 40300 then the open Targets for T1-40200,T2-40000,T3-39800
Major Levels 40300,40400,40500
27/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market flat is going to open
After A flat opening if Banknifty sustain Above high 40200 and taking Support from 40200 then open target for T1-40400,T2-40560,T3-40800
If the Banknifty after a flat opening sustain Below 39750 and and taking resistance below 39750 then the open Targets for T1-39520,T2-39304,T3-39016
Major Levels 39800,40200,39900
Bank Niftythis is only guess work. nobody can predict 100 percent. there could be some pull back next week. possible pullback first lvl or upto 40900 to 4100. if its breaks 39000 then down trend. eventually external news plays more important role in market trend. always check news and other markets for analysis when trading. every body would know by now.
Tommorow Banknifty levels After a big selling in today's market we can expect more selling in banknifty on tomorrow market bcz our target was 39440
Sell Banknifty below 39910 (if candle was close below this level)
Target 39824 39627 39450
Sl 40105
Buy banknifty above 40105(candle close above it)
Target 40202 40325 40465
Sl 39910
22/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-down is going to open
After A Gap-down opening if Banknifty sustain Above high 40600 and taking Support from 40600 then open target for T1-40600,T2-40800,T3-41200
If the Banknifty after a Gap-down opening sustain last day low Below 40200 and and taking resistance below 40200 then the open Targets for T1-40000,T2-39800,T3-439600
Major Levels 40800,40600,40400
09/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Small Gap-Down is going to open
After A Small Gap-Down opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-41900,T2-42000,T3-42200
If the Banknifty after a Small Gap-Down opening sustain Below last day low 41400 and and taking resistance below 41400 then the open Targets for T1-41200,T2-41000,T3-398000
Major Levels 41600,41500,41400
7/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-42000,T2-42200,T3-42400
If the Banknifty after a Gap-Up opening sustain Below last day low 41250 and and taking resistance below 41250 then the open Targets for T1-41000,T2-40800,T3-40600
Major Levels 41600,41800,42000
06/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 41500 and taking Support from 41500 then open target for T1-41700,T2-41700,T3-42000
If the Banknifty after a Gap-Up opening sustain Below 41400 and and taking resistance below 41400 then the open Targets for T1-41200,T2-41000,T3-40800
Major Levels 41500,41400,41700