#Banknifty Levels for 16-Aug-2023Wizard Levels/Zones
#Banknifty Levels for 16-08-2023(Wednesday)
> If you're following these zones then kindly follow the rules too. Risk management, Position sizing, and Rules.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
Bankniftyview
BankNifty levelsUtilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance.
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BANKNIFTY-- Case1 or Case2 ??The bank nifty index is again showing bearish pressure....
will this fall continue towards downwards,
then which place we can expect a reversal to the upside...
If we see on bottom side @44120-44080 level which is a strong level of Resistance,
if tomorrow price again opens in this range they will again take the price towards downside...
at 43800 levels we have a strong rise is observed previously might push the price upside again...
Until price breaks the trendline no bullish view...
which case is possible ??
Case1::
If previous strong resistance acts as support will be buy side...
Case2::
If the same resistance again pushes the price downwards will be sell side up to 43800.
Will see in the next session what happens...
14 AUGUST 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 44000 and taking Support from 44000 then open target for T1-44100,T2-44200,T3-44300
If the Banknifty Gap-Down opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43800,T2-43600,T3-43500
Major Levels 44000,44200,43800
If the market stande in this area of 44000 to 44200, then it is possible that even today the market will remain in the range.
WIZARD levels/Zones for #Banknifty 14-08-2023(Monday)Wizard Levels/Zones
#Finnifty Levels for 14-08-2023
> If you're following these zones then kindly follow the rules too. Risk management, Position sizing, and Rules.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
BANK NIFTY INTRADAY LEVELS FOR 11/08/2023BUY ABOVE - 44570
SL - 44420
TARGETS - 44770,44900,45100
SELL BELOW - 44420
SL - 44570
TARGETS - 44280,44070,43830
Previous Day High - 44980
Previous Day Low - 44420
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.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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 👍
BANKNIFTY--Trending or Range ??the Banknifty index is still in range...
Price is continuously rejecting from the level @45100...
today after a strong fall price stopped its bearish momentum...and
price closed in the same range again...
If tomorrow price breaks the 44700 level...will be on buy side up to trendline and 45100.
If price wants to breaks this strong bullish momentum it has to break with either gap down or consolidation to bearish.
Until price breaks this level 44300 level keep on bullish...
On upside we are still pending with the retest of major trendline...
Keep track this trendline...if resist the price to go up will get good point.
will see in the next session what happens...
BANKNIFTY--U turn to Bullish ??The banknifty index is again showing a strong fall...with an equal rise.....
this strong fall indicates the exhaustion of selling pressure...
or is still there is some more bearishness ahead,in the end bulls successfully taken the price towards upside...
if this indicates exhaustion of buyers, after a strong selling pressure is observed or an initiation of bullishness.
we are still in confusion...we cannot predict the direction of bank nifty still....
If this fall is end of bearishness from tomorrow on wards price will go higher levels.
If this is again a beginning will see some more fall in bank nifty index.
So if it is bullish, when to enter in a trade...
after this strong rise if tomorrow it gives us any discount will enter in long side again.
tomorrow again will see a consolidation or strong break above 45100 levels..
will see in the next session what happens...
BANK NIFTY ANALYSIS FOR 10/08/2023BUY ABOVE - 45100
SL - 44930
TARGETS - 45270,45470,45630
SELL BELOW - 44770
SL - 44900
TARGETS - 44550,44280,44070
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.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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 👍
10 AUGUST 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 45000 and taking Support from 45100 then open target for T1-45300,T2-45400,T3-45500
If the Banknifty Gap-Down opening sustain Below 44500 and taking resistance below 44500 then the open Targets for T1-44300,T2-44200,T3-44100
Major Levels 45000,44800,44500
If the market stande in this area of 45000 to 44600, then it is possible that even today the market will remain in the range.
BANKNIFTY--Gap Up or Down ??After a strong consolidation price moved strongly to the upside...
an indication of short entry....
Identify that the neckline again acts as a strong resistance and not allowing us to go upside...
price taken the entry on short side.....
price again closing in the same range...After a strong consolidation.
Initially price showing bullish pressure but failed to take the price again upside.
again a strong consolidation to rise upside....
indicating a short side....
If tomorrow opens gap up or gap down...
we will wait for the price to retrace back, will also be continue with the trend.
If price opens gap up and continue its momentum towards 45400 levels, we will expect a retracement to neckline...
will see what happens in the next session.
banknifty pre market analysis9 AUGUST ANALYSIS:
Daily analysis:
PS-Position size
Nifty opens:
side: if it gives breakout (up 100%, down 100%)
gapup: wait for price-action, buy if market make bullish pattern (100% up)
gapdown: sell if market breakdown after consolidation (70% down, 50% up)
Banknifty
side: if it gives breakout (up 100%, down 70%)
gapup: wait for price-action, buy after some consolidation (100%)
gapdown: if it gives breakdown then selll (ps-100%)
big gapdown: buy or sell only after some consolidation half qty
9 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 45000 and taking Support from 45100 then open target for T1-45300,T2-45400,T3-45500
If the Banknifty Flat opening sustain Below 45000 and taking resistance below 44800 then the open Targets for T1-44600,T2-44500,T3-44400
Major Levels 45000,44800,45200
If the market stande in this area of 45200 to 44800, then it is possible that even today the market will remain in the range.
BANKNIFTY--Trending Up or Down ??The bank nifty index, entire day price is trading in a range.
Tomorrow we can expect a breakout or breakdown.....
On top side if price breaks the 45100 level and gives us retest will go for long.
on bottom side if price breaks 44600 and retest will go for short side...
at triangle breakdown or breakout no entry will be placed...
fake out may be possible after a consolidation.
One more point after a strong consolidation price is going down means we can expect a strong upside momentum.
careful here.
Today price has taken the liquidity on both sides...eliminating both buyers and sellers.
BANK NIFTY INTRADAY LEVELS FOR 08/08/2023BUY ABOVE - 45000
SL - 44880
TARGETS - 45130,45270,45470
SELL BELOW - 44770
SL - 44910
TARGETS - 44550,44280,44070
Previous Day High - 45000
Previous Day Low - 44770
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.
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 👍
8 AUGUST 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELS
Hello 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 45000 and taking Support from 45000 then open target for T1-45200,T2-45400,T3-45500
If the Banknifty Gap-down opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44600,T3-43400
Major Levels 45000,44800,45200
If the market stande in this area of 45200 to 44800, then it is possible that even today the market will remain in the range.
BANKNIFTY--Bull Trap or Bear Trap ??After a strong fall, price is given us retracement.
this retracement is to enter for short side or Enter in long side.
price is clearly taking the support from 45500 levels,
all done on long side up to neckline as mentioned previous.
Now this is very interesting price is given us retracement....
this retracement is for buyers...initiated at strong resistance this will continue upwards again...
this has to break above the 45100 levels....If failed to break above,
otherwise who has initiated longs and carrying Calls, Bulls will be trapped.
After a strong fall, from the major trendline price is continuously falling, so those who missed the previous selling opportunity, those who think that price given us retracement to enter in short side, this is the place to enter for short and they initiated shorts...
if price opens bullish and continue towards upside then it is a bear trap.
One more interesting point is, @45100 levels price is showing strong bearish pressure...
and to test this buyers struggled to reach the zone...
a consolidation to upside is observed...if this is a sign of weakness for buyers on next session will be a falling again.
until price breaks above 45100 levels and retest no bullish view...
it is still in bearish mode only.
I think this post is helpful...
Note::
It might hurt some one, who is carrying calls and puts...
But the psychology of markets behavior is like this only....
As a retail traders we can't take any decisions, we have to move with them...
Thank you very much for your support and encouragement....
Have a nice weekend....
banknifty pre market analysis8 AUGUST ANALYSIS:
Daily analysis:
PS-Position size
Banknifty
side: trade in second half of the market if it breaks range
gapup: wait for price-action, trade in small qty
gapdown: if it gives breakdown then selll (ps-50%)
big gapdown: we will sell only if it gives breakdown after some consolidation
Banknifty Analysis for AUG SEP OCT 2023FAntastic range to be traded for nxt 3 months till either side is not breached as per Parallel Channel marked expected trading range
This chart sharing is only for educational purpose for learning before initiating any trade one should refer to they Financial Advisors
BANK NIFTY INTRADAY LEVELS FOR 07/08/2023INVERSE HEAD & SHOULDER PATTERN
BUY ABOVE - 44550
SL - 44430
TARGETS - 44730,44980,45130
SELL BELOW - 44280
SL - 44420
TARGETS - 44070,43830,43570
Previous Day High - 45040
Previous Day Low - 44280
NOTE: I'm not available on Monday. Please not this levels & trade safely with this levels only Okay
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.
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 👍
BANK NIFTY INTRADAY LEVELS FOR 04/08/2023BUY ABOVE - 44550
SL - 44430
TARGETS - 44730,44980,45130
SELL BELOW - 44280
SL - 44420
TARGETS - 44070,43830,43570
Previous Day High - 45040
Previous Day Low - 44280
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.
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 👍