Bank Nifty Breakout 56100 or breakdown 54250 .. what next !!Bank Nifty Technical Outlook:
Bank Nifty is currently forming a lower high and higher low pattern, indicating a symmetrical triangle formation. The trading range is getting increasingly narrower, suggesting that a decisive breakout is imminent on either side.
Downside Scenario:
If Bank Nifty breaks down below 54,200, we could see a retracement towards the 52,930 – 52,300 levels, where multiple virgin CPRs (Central Pivot Ranges) are present, potentially acting as support zones.
Traders should closely monitor price action near the current range boundaries for confirmation of direction.
BANKNIFTY trade ideas
BankNifty levels - May 05, 2025Utilizing 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. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
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[INTRADAY] #BANKNIFTY PE & CE Levels(02/05/2025)Today will be gap up opening expected in banknifty. 55050-55450 zone will be consolidation for banknifty. 55450-55550 zone will act as a strong resistance for today's session. After opening if banknifty gives breakout and starts trading above 55550 level then expected strong upside rally upto 55950+ level in today's session. Any major downside only expected below 54950 level.
BANKNIFTY Analysis for 2nd May, 2025M15 chart currently running in corrective mode. Because, 5 mins timeframe showing CHoCH & continuously making BOS in down trend. So, we will look for short sell opportunity. Now we have to wait for inducement(55230) or another it can make lower low again and then grab the last pullback to take the sell entry.
So, now two levels are there to take the entry for short sell (1) above the liquidity ($$$) zone (>55273 level)
(2) The best option to wait for coming back the price at supply zone.
One kick towards 54250Bank Nifty Technical Outlook – 30th April
On 30th April, Bank Nifty continued to trade with a higher low, maintaining its recent structure of higher highs and higher lows. This indicates short-term strength; however, caution is warranted.
Despite the bullish structure, any adverse geopolitical event—such as developments involving PoK or Pakistan—could act as a strong negative trigger. In such a scenario, Bank Nifty may reverse sharply and head towards the downside gap zones around 54,250, 53,700, and potentially 52,300.
The broader trend remains vulnerable to news-driven volatility. Monitoring price action near key support zones is crucial.
#banknfity #niftybank #nifty50 #nifty
Bank Nifty Levels for 02/05/20251. Trend Identification:
15M - Bearish
1H - Bearish
4H - Bullish
D - Bullish
2. Support & Resistance:
Support - 54176 ( 1H & 4H ), 51894
Resistance - 55957
3. Implication :
Bank Nifty is Bearish on 15m and 1h but bullish on 4h and d timeframe. So 54176 is a key
level. Because 4h is bullish market may bounce from 54176.
If 54176 breaks then Target will be 51894.
Also watch for the level 55957, if market opens gap up or go up in the morning then market
can reverse from this level. If price close above this level, then maybe we see bulls in
action.
BankNifty levels - May 02, 2025Utilizing 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. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
[INTRADAY] #BANKNIFTY PE & CE Levels(30/04/2025)Today will be slightly gap up opening expected in banknifty. 55050-55450 zone will be consolidation for banknifty. After opening if banknifty starts trading and sustain above 55550 level then expected upside rally upto 55950+ level in today's session. Any major downside only expected below 54950 level.
Bank nifty Fibonacci support at 50-61%Bank Nifty formed a double top around the 56,000 mark in the morning session and did not retest that level throughout the trading day.
In fact, it made a lower high and closed near a strong support zone around 55,300. With the market holiday on May 1st and upcoming news flow, charts suggest a possible further correction towards the 54,500–54,580 range.
Bank Nifty 54,500–54,580 range ??Bank Nifty formed a double top around the 56,000 mark in the morning session and did not retest that level throughout the trading day.
In fact, it made a lower high and closed near a strong support zone around 55,300. With the market holiday on May 1st and upcoming news flow, charts suggest a possible further correction towards the 54,500–54,580 range.
#nifty #banknifty #nifty50 #niftybank
BankNifty levels - Apr 30, 2025Utilizing 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. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
[INTRADAY] #BANKNIFTY PE & CE Levels(29/04/2025)Today will be slightly gap up opening expected in banknifty. After opening if banknifty starts trading and sustain above 55550 level then expected further upside rally upto 55950+ level in today's session. 55050-55450 zone will be consolidation for banknifty. Any major downside only expected below 54950 level.
Bank Nifty breakout at 55600 or breakdown 55300Many traders were expecting a market fall — a small correction in Bank Nifty — but as usual, it moved towards Friday’s high.
On the chart, strong support is seen around 24,210.
If 5530 breaks, a good retracement can be expected.
If today’s high is broken, the next level could be around 56100.
BankNifty levels - Apr 29, 2025Utilizing 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. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
[INTRADAY] #BANKNIFTY PE & CE Levels(28/04/2025)Today will be gap up opening expected in banknifty. Expected opening near 54950 level. After opening it will face immediate resistance at this level and possible downside movement in index. Downside 54450-54550 zone will act as a support for today's session. After breakdown of this support zone can lead banknifty further downside upto 54050 level in today's session. Any strong bullish side rally only expected if banknifty starts trading and sustain above 55050 level.
Bank Nifty has marked a new all-time high (ATH).Bank Nifty has marked a new all-time high (ATH).
Now, what’s next?
If the low of Friday, 25th April is breached, we may witness a deeper correction as indicated on the charts.
Traders should stay cautious and closely monitor the price action around key support levels.
A sustained break below the recent low could trigger further downside, while holding above it might invite fresh buying interest.
Banknifty May series ( 1st week analysis )Banknifty can retrace upto 3% in the upcoming week. Single charts are indicating a sell-off . But if market sentiment remains positive, then we can expect it to remain volatile and flat .
Levels to watch on the downside are:
1.)54087
2.)53775
3.)53525
4.)53244
These are the levels which will act as a support and can become a probable zone for short covering.
Upside: If due to any factor, only above 55050 and upto the previous high of 45150-300.
bank nifty trade analysis for shortHTF 15 min -. for analysis
LTF 5 min - entry after it enter the OB
Made an analysis with
FVG ,
OB and liquidity sweep ,
and pools to be swept.
Looking for price to enter the OB that is marked in this chart
Quick trade to down side till the recent low or the FVG by trailing the Stops if it goes in our favour.
Or Cancel the trade if doesn't happen
BankNifty levels - Apr 28, 2025Utilizing 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. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!