[INTRADAY] #BANKNIFTY PE & CE Levels(25/08/2023) Today will be gap Down opening in BANKNIFTY . After opening if banknifty start trading below 44450 level then possible downside rally of 400-500 points upto 44050 Level. And this rally can extend for another 400 points if it gives breakdown of 43950 level. Any Major upside only expected in case banknifty starts trading above 44550 level.
Bankniftyanalysis
25 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 45200 then open target for T1-45300,T2-45400,T3-45500
If the Banknifty Gap-Down opening sustain Below 44250 and taking resistance below 44250 then the open Targets for T1-44100,T2-44000,T3-43900
Major Levels 44000,44300,44500
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 lies @43400 ??If case 2 happens, and the strong support @43800 push the price upside...
or price breaks the 43800 and also breaks the 43400 levels...
The result of case 2 is a formation of Head....
the 45100 level acts as Neckline...
the level @44300 is a left shoulder....
the neckline again pushes the price downside to form a right shoulder...
If price failed to break the neckline or price failed to create a right shoulder,
all these indications belongs to more fall in Bank nifty....
The same fall will continues up to 42800 levels. Until keep on sell side...
The chances of Gap down is observed at 45100-44900 level...as every one is ready to look for calls...
(Thinks this time price breaks 45100 level) so don't go for buy or short without confirmation.
at this level do not carry any positions...
Plan A::
Bullish from 43800 levels or (after break of 43400 levels).. to 45100 levels Or 44900 level.
Plan B::
Short side from 45000 levels to Right Shoulder....
here will check right shoulder forms are fall continuation....
(The manipulation area @ Right shoulder)
Plan C::
Short side Continuation from 45000 levels to below Right shoulder, up to 42800-42600 levels.
This month end will manipulate, looks like bullish above 45000 levels, but it is more bearish from the same level up to 42800 levels....
next month from Bearish to consolidation and then bullish...
Keep safe.....
Rare Case ::Plan D ::
Break of Neckline and reaches to 46000 levels.
No chance of Plan D as clears the liquidity below 43400 levels and test of 42800 levels is required...
Note ::
I am not available for Next 1 or 2 weeks so giving much information...
Take care Guys...
If available will try to do some analysis...
Thanks guys for your support....
BANKNIFTY ANALYSIS FOR THURSDAY 24TH AUGUST 2023-FOR EDUCATION PBANKNIFTY ANALYSIS FOR THURSDAY 24TH AUGUST 2023-FOR EDUCATION PURPOSE
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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BANKNIFTY--43600 or 44800.The Bank nifty index opens negative and continue downwards....it is a continuous fall...
today price opens gap down and fills the gap....no sign of bullishness.....
If we consider this as Gap down + strong fall as exhaustion of sellers...
From tomorrow on wards price is bullish.
we can also think that, it's a continuous bearish as it opened down and filled the gap...and may continues to downwards further....
Still it is in confusion for buyers...as it is still in bearish...No sign of bullishness...
If it is a continuous bullishness...we will enter in a retracement.
If fake out happens @43800 levels will enter again long for targets of 44800 levels.
Take care guys....
BANKNIFTY ANALYSIS FOR TUESDAY 22ND AUGUST 2023-FOR EDUCATION PUBANKNIFTY ANALYSIS FOR TUESDAY 22ND AUGUST 2023-FOR EDUCATION PURPOSE
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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[INTRADAY] #BANKNIFTY PE & CE Levels(21/08/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 43950 level then possible downside rally of 400-500 points upto 43550 Level. And this rally can extend for another 400 points if it gives breakdown of 43450 level. Any Major upside only expected in case banknifty starts trading above 44050 level. also possible Reversal upside 43550 level.
21 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 44000 then open target for T1-44200,T2-44400,T3-44600
If the Banknifty Flat opening sustain Below 43700 and taking resistance below 43700 then the open Targets for T1-43500,T2-43400,T3-43300
Major Levels 44000,43800,44100
If the market stande in this area of 44000 to 43800, then it is possible that even today the market will remain in the range.
BANKNIFTY ANALYSIS FOR MONDAY 21ST AUGUST 2023-FOR EDUCATION PURBANKNIFTY ANALYSIS FOR MONDAY 21ST AUGUST 2023-FOR EDUCATION PURPOSE
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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BANKNIFTY ANALYSIS FOR FRIDAY 18TH AUGUST 2023-FOR EDUCATION PURBANKNIFTY ANALYSIS FOR FRIDAY 18TH AUGUST 2023-FOR EDUCATION PURPOSE
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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[INTRADAY] #BANKNIFTY PE & CE Levels(17/08/2023) Today will be gap Down opening in BANKNIFTY . After opening if banknifty start trading below 43950 level then possible downside rally of 400-500 points upto 43550 Level. Any Major upside only expected in case banknifty starts trading above 44050 level. And this rally can extend for another 400 points if it gives breakout of 44550 level.
17 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 T1-44200,T2-44400,T3-44600
If the Banknifty Gap-Down opening sustain Below 43600 and taking resistance below last day low 43600 then the open Targets for T1-43500,T2-43400,T3-43200
Major Levels 44000,43800,43500
If the market stande in this area of 44000 to 43500, then it is possible that even today the market will remain in the range.
#Banknifty Expiry Levels for 17-Aug-2023Wizard Levels/Zones
#Banknifty Levels for 17-08-2023
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below then SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> 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.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/08/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 43950 level then possible downside rally of 400-500 points upto 43550 Level. And this rally can extend for another 400 points if it gives breakdown of 43450 level. Any Major upside only expected in case banknifty starts trading above 44050 level. also possible Reversal upside 43550 level.
BANKNIFTY ANALYSIS FOR WEDNESDAY 16THAUGUST 2023-FOR EDUCATION PBANKNIFTY ANALYSIS FOR WEDNESDAY 16THAUGUST 2023-FOR EDUCATION PURPOSE
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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Bearish Trend in 1 Hour Time FrameBearish Trend in 1 Hour Time Frame: The Bank Nifty is showing a downward or bearish trend in the 1-hour time frame.
Impulse Wave (A) : The market went through a series of five price moves: i, ii, iii, iv, v. This is a typical pattern of an impulse wave, where prices move strongly in the direction of the main trend.
Correction Phase (B) : After the strong downward movement of impulse wave A, the market is likely going through a corrective phase, labeled as wave B. This correction consists of three smaller moves: (a), (b), (c).
New Impulse Wave (C) : Following the correction, the market is forming another impulse wave, called wave C. This wave has three sub-moves: i, ii, iii.
Wave i, ii, iii of C : These are the first three parts of the new impulse wave. They continue the overall downward trend.
Wave iv of C : The market is currently in wave iv of the new impulse wave C. This wave has two parts: (a) and (b).
Future Expectation : After completing wave iv of C, the market is expected to continue downward and complete wave v of C. This would mark the completion of the larger impulse wave C and could potentially signal the end of the current corrective phase.
Keep in mind that Elliott Wave Theory involves interpreting patterns, and its accuracy can vary. Market movements are influenced by numerous factors, so it's wise to consider other forms of analysis and factors before making trading decisions.
Disclaimer: The following explanation is based on a technical analysis approach known as Elliott Wave Theory. This theory involves interpreting patterns in financial markets, but its accuracy can vary, and it's important to note that markets are influenced by a multitude of factors. Trading and investment decisions should not be solely based on this analysis, and it's advisable to consider a variety of factors, including fundamental analysis, economic data, news events, and risk management strategies. Past market behavior is not indicative of future performance.
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...
[INTRADAY] #BANKNIFTY PE & CE Levels(14/08/2023) Today will be FLAT opening in BANKNIFTY . After opening if banknifty start trading above 44050 level then possible upside rally of 400-500 points upto 44450 Level. And this rally can extend for another 400 points if it gives breakout of 44550 level. Any Major downside only expected in case banknifty starts trading below 43950 level. also possible Reversal Downside 44450 level.
BANKNIFTY ANALYSIS FOR MONDAY 14TH AUGUST 2023-FOR EDUCATION PURBANKNIFTY ANALYSIS FOR MONDAY 14TH AUGUST 2023-FOR EDUCATION PURPOSE
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
#nse
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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...