4 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 44500 and taking Support from 44500 then open target for T1-44700,T2-44900,T3-45100
If the Banknifty Flat opening sustain Below 44300 and taking resistance below 44300 then the open Targets for T1-44200,T2-44100,T3-43900
Major Levels 44500,44300,44600
If the market stande in this area of 44500 to 44300, then it is possible that even today the market will remain in the range.
Bankniftyview
BANK NIFTY INTRADAY LEVELS FOR 03/08/2023BUY ABOVE - 45130
SL - 44980
TARGETS - 45270,45400,45630
SELL BELOW - 45980
SL - 45130
TARGETS - 44730,44550,44280
Previous Day High - 45800
Previous Day Low - 45470
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 👍
BANKNIFTY--Which is Support,Demand or Resistance ??The neckline broken strongly...
the trendline broken strongly....
Price opens gap down and moved to down side drastically.
Now we have 2 options, where to look for short again.
1. Neckline or
2. Trendline.
So in order to reach these 2 points, price has to reversal,
so from which zone we can expect a reversal.
If we see on bottom side,
today price has taken the support from 44800 level, and price is exactly closed in a strong fall area 45100.
If tomorrow again opens a gap down and continuously fall, and breaks 44800 level
we have to look at 2 places for buy,
one is 44600 level and
another one previous strong resistance may acts as support 44500 and pushes the price upwards.
price closed at 45100 previously it is a strong supply,
so on continuous move it pushes the price more towards downside.
If price reaches any of these 2 places look for buy,
Look for sell @neckline or trendline. No retest is observed in this places.
Note:: Price may break the trendline or Neckline and moves upwards again to reach the ATH.
So careful here.
BANKNIFTY--Hidden Head & Shoulders Pattern??A pattern(Head and Shoulders) inside an another pattern of (Head and Shoulders) in Higher time frame....
If the Trendline or Neckline on the inside pattern of Head and Shoulders acts as resistance,
there will be an one more fall happens in Bank nifty.
which is more dangerous than this one.
Keep watch these internal levels and external levels....they will acts as support and resistance.
keep look at these levels....
Happy Trading guys....
Note::
I am not available for the next 1 or 2 weeks....
Thank you guys for your support and Encouragement.
will be back soon...
3 AUGUST 2023 BANKNIFTY EXPIRY DAY 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 T1-45200,T2-45300,T3-43500
If the Banknifty Gap-Down opening sustain Below 44700 and taking resistance below 44700 then the open Targets for T1-44600,T2-44500,T3-44300
Major Levels 45000,45100,44800
If the market stande in this area of 45000 to 44700, then it is possible that even today the market will remain in the range.
BANKNIFTY--Inside Candle + Upside = Fall ??After Showing strong Bullish Pressure towards new ATH, price showing strong bearish pressure.
price also forms a inside candle, and yesterday shows a strong bullish momentum again.
if this bullish momentum sustains...or falls again.
Considering that inside candle as consolidation at Previous ATH levels,
and shows us a bullish momentum, so if we consider this as
Bearish Pressure + Consolidation + Upside = Great fall.
if we observe after breaking the trendline no retest is observed in higher timeframes,
a strong bullish move is observed from 44700-44750 levels.
if price failed to take the help of previous HH, and bottom side Demand fails,
we can expect a strong fall.
Will see what happens in live market...
Thanks for your support.
BANK NIFTY INTRADAY LEVELS FOR 02/08/2023BUY ABOVE - 45630
SL - 45490
TARGETS - 45800,45940,46100
SELL BELOW - 45470
SL - 45630
TARGETS - 45290,45100,44920
Previous Day High - 45800
Previous Day Low - 45470
If Bank Nifty breaks that trend line... We will see fast momentum into Downside
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 👍
BANKNIFTY--Drop Base Drop ??Price broken the trendline and retested, we will enter in short side...Our target gets hit.
price again on the other side broken the trendline and we enter in long side.. our stop loss hits.
now price is near to the major trendline break...
in bigger time frame price broken bullish channel...
and in smaller time frames...it is again in channel...
so tomorrow if price again reversed from the major trendline, looks for buyside...
Price is without touching the resistance showing bearishness, to trap the early sellers.
now we have to observe price will again bullish from drop base drop...
so will see what happens in the next session.
BANKNIFTY--@Major Trendline Break ??Bank nifty index is again taking the support from the trendline
and showing bullish pressure..
now the price is near its previous strong fall area.
If this area pushes the price downwards price is again fall.
If price breaks the trendline we have a strong support in the bottom side @44800...
that will again push the price upside...
So Until price breaks the trendline keep on buy side...
will be on short side...if price breaks and retest the trendline.
Will see in the next session what happens...
Banknifty Weekly outlookAnticipating a bearish move in bank nifty towards its support level of 45890 or below for liquidity raid in terms of stoploss for retailers. for a setup to enter I am expecting a a heavy displacement in price for downside after that if there is any retracement I would like to enter for short. currently in a consolidation range . see where we get the displacement first.
banknifty pre market analysis2 AUGUST ANALYSIS:
Daily analysis:
Nifty opens:
side: buy if breaks up (PS-100%), down (Ps-70%)
gapup: wait for price-action buy on upside breakout(ps-50%)
gapdown: if it gives breakdown after consolidation then sell (ps-70%)
Banknifty
side: buy if market breaks up (PS-70%)
gapup: we will buy if gives breakout after consolidation(100%up)
gapdown: wait for breakdown then sell (PS-70%)
2 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 45600 and taking Support from 45600 then open target for T1-45800,T2-46000,T3-46200
If the Banknifty Gap-Down opening sustain Below 45500 and taking resistance below 45500 then the open Targets for T1-45300,T2-45200,T3-45000
Major Levels 45500,45400,45600
If the market stande in this area of 45800 to 45500, then it is possible that even today the market will remain in the range.
BANKNIFTY-- Double Top Formed??Bank nifty Index has formed a double top
price has formed a double top, with a break of demand and price is retraced back to fall again.
If price wants to fall from strong resistance area,
tomorrow price will again test the strong resistance at 45900 level.keep on buyside until this area.
we have a bearish Gap and Strong resistance.
Until price fills these we can't be on bearish side...
we have a trendline confirmation as well...price has taken the support from trendline multiple times, until price breaks the trendline and retest don't go for short side...
BANK NIFTY INTRADAY LEVELS FOR 01/08/2023BUY ABOVE - 45680
SL - 45600
TARGETS - 45800,45940,46100
SELL BELOW - 45600
SL - 45680
TARGETS - 45470,45290,45100
Previous Day High - 45680
Previous Day Low - 45360
If Bank Nifty breaks that trend line... We will see fast momentum into Downside
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 👍
[INTRADAY] #BANKNIFTY PE & CE Levels (01/08/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 45950 Level. And this rally can extend for another 400 points if it gives breakout of 46050 level. Any Major downside only expected in case banknifty starts trading below 45450 level.
banknifty pre market analysis1 AUGUST ANALYSIS:
Daily analysis:
Banknifty
side: buy if market breaks up (PS-70%)
gapup: we will trade in either direction if gives breakout after consolidation(50%up, 20%down)
gapdown: no trade
only on big gapdown then we will think of selling after price-action formed(100%)
BANKNIFTY--Retracement or Fall ??Price broken the strong demand zone by opening gapdown,
and starts consolidation immediately...at the end it tested the demand again.
price exactly closed by testing the demand zone, if price wants to fall continuously, tomorrow again it opens down and fall to below levels.
if price wants to give some retracement, it will again test the previous ATH level...
where previously strong fall happens....
If tomorrow price opens below levels, will look for long in this place...
previously multiple times price got rejected from this level.
may acts as support....keep track this levels....
Today we will not get any entries on any side...it is in consolidation range, till the end.
will see in the next session what happens.
BANKNIFTY--Which Breaks Demand or ATH ??Today's observations::
Price rapidly falls from the 46300 levels.
Price may again test the ATH, so don't go for short immediately.
based on the opening will again look for buy or short.
Key level to watch is previous ATH, that is the level that can push price up or lower.
On bottom side,
Price is again taken the support from demand zone...until demand breaks no Short again...
fake breakdown may also happen at demand zone careful here...
this is a strong area of value and demand zone.. that can't break easily....
will see what happens in the next session.
28 JULY 2023 EXPIRY DAY 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 46000 and taking Support from 46000 then open target for T1-46200,T2-46300,T3-46500
If the Banknifty Gap-Up opening sustain Below 45700 and taking resistance below 45700 then the open Targets for T1-45600,T2-45500,T3-45400
Major Levels 46000,46200,45800
If the market stande in this area of 46000 to 45800, then it is possible that even today the market will remain in the range.
BANK NIFTY INTRADAY LEVELS FOR 27/07/2023RISING WEDGE PATTERN
BUY ABOVE - 46100
SL - 45940
TARGETS - 46240,46370,46600
SELL BELOW - 456940
SL - 46100
TARGETS - 45800,45640,45460
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 👍