banknifty daily analysis26 JUNE ANALYSIS:
Banknifty
side: if market give downside breakout after consolidation then sell(PS-100%) T1=43440
gapup: wait for price-action and buy if market goes above 43800(PS-50%)
sell if breakdown happen lower side (PS-30%)
gapdown: if market opens gapdown than sell after further price-action (PS-100%)
Bankniftylevels
IDEA on BNF for Monday, 26th June based on Pure Price Action.Trade Levels on Banknifty for Monday Intraday and the next week.
--> Above Friday's high, minimum target will be of 100-150 points, then if further 44050 breaks, BNF will test its ATH. (High Probability)
--> Below Friday's low, minimum target will be of 100 points, then if further 43345 breaks, BNF will fall like a knife. (Low Probability)
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23 JUNE 2023 EXPIRY DAY BANKNIFTY SUPPORT AND RESISTANCE LEVELS
Hello Guys,
Good Morning everyone,
According to the data today market is going to open Flat
After A Flat opening if Banknifty sustain Above 43900 -44000 and taking Support from 43900 then open target for T1-44200,T2-44300,T3-44500
If the Banknifty Flat a Gap-Down opening sustain Below 43500 and taking resistance below 43500 then the open Targets for T1-43300,T2-43200,T3-43000
Major Levels 43500,44000,43900
If the market stande in this area of 43500 to 40000, then it is possible that even today the market will remain in the range.
22 JUNE 2023 EXPIRY DAY 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 43900 -44000 and taking Support from 43900 then open target for T1-44200,T2-44300,T3-44500
If the Banknifty after a Gap-Down opening sustain Below 43500 and taking resistance below 43500 then the open Targets for T1-43300,T2-43200,T3-43000
Major Levels 43500,44000,43900
If the market stande in this area of 43500 to 40000, then it is possible that even today the market will remain in the range.
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BANKNIFTY--44300 or 43400 ??Observations::
The Banknifty index has again strongly moved back up again from 43400 levels.
It has broken the supply zone @43700 levels..
tomorrow if the same level acts as support price is bullish and will reach again top side.
If price wants to test the supply @44300 level, it has to break the 44100 and 44200 levels.
these 2 levels are stronger so, we can observe a consolidation in these 2 levels,
and breaks upside and then fall back to below levels.
if price wants to consolidate we need a strong break to upside from 43900 levels...
it has to create a demand zone in this zone @43900.
If price falls below 43700 and from 43500 will gives pullback then will go for short.
Note::
if price is stuck between the levels,43900 to 44200 levels, weekly expiry is ranging.
21 JUNE 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 43900 -44000 and taking Support from 43900 then open target for T1-44200,T2-44300,T3-44500
If the Banknifty after a Gap-Down opening sustain Below 44000 and taking resistance below 43900 then the open Targets for T1-43800,T2-43700,T3-43500
Major Levels 43500,44000,43900
If the market stande in this area of 43500 to 40000, then it is possible that even today the market will remain in the range.
BANKNIFTY--Rise or Fall ??Observations:: ((This part continuation to Consolidation + Down = Up))
---After a strong consolidation + downside = Upward Is Done.
--->> The Base is again acting as a resistance so price fall is done.
---->>now price is nearly at its demand zone,43400 if this zone breaks or not??
the possibility of breaking this zone is more until price is below 43700 range.
that is the range previously a strong rise is observed...its clear demand zone.
today price broken the demand zone and retested the same zone and closes below that zone.
if this same zone acts as resistance price can easily breaks this bottom demand @43400.
But before breaking this zone, we will observe a consolidation or strong fall is going to happen below these zones.
from the last 3 days a trending market is observed, no sign of range is observed.
if Demand zone @43400 will resist below and @43700 demand acts as supply will resist above we will observe a ranging market again.
if price strongly break this zone @43400, we have a next strong zone @43100-43000 is possible.
in the middle 43300 will gives us pullback. Will see what happens tomorrow in the live.
BANKNIFTY--Consolidation + Down = Up ??Observations::
---->> A strong bullish momentum is observed from this zone...43400 level...
---->> To reach this zone 43400 level from resistance price is approching with strong consolidation.
---->>if this zone again acts as support,will be on buy side until the Base low 43900, Base High 44200 only.
---->> Drop-Base-Drop formation is observed.
---->>If the base resist the price, to go upside...will again observe a fall below 43400 levels...
16 MAY 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELS
Hello 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 43500 last day high and taking Support from 43500 then open target for T1-43700,T2-43900,T3-44000
If the Banknifty after a Gap-Up opening sustain Below 43500 and taking resistance below 43500 then the open Targets for T1-43400,T2-43300,T3-43200
Major Levels 43500,43400,44200
BANKNIFTY--Gap Down or Gap Up ??observations::
After a strong fall price is in consolidation,
price is in a range more than two days and today witnessed a pullback is observed...
If it is a pullback, tomorrow we will observe a bearishness again....
If we see still the strong supply zone is located at 44300 levels..
If tomorrow price opens gap up and showing bullish pressure will be on buyside until 44300-44350 levels
if the supply zone @44200-44160 range acts as support price will again touch ATH.
If price opens, Gap down, we will look at 43700 area for buy side.. where previously gap up is observed
If price is showing strong bullish pressure @ this level will go for buy on pullback.
After Gap down, no buying pressure and again showing consolidation...
will be on sell side for targets of 43400 levels.
and we will look for buyside at 43400 levels.
If price again Strong bullish from bullish gap levels...and moving above levels..
will be on buyside until the supply zone..@44300-44350.
15/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello 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 44200 last day high and taking Support from 44200 then open target for T1-44300,T2-44400,T3-44500
If the Banknifty after a Gap-Down opening sustain Below 43850 and taking resistance below 438500 then the open Targets for T1-43600,T2-43500,T3-43400
Major Levels 44000,43900,44200
If the market stande in this area of 43900 to 40200, then it is possible that even today the market will remain in the range.
BANKNIFTY--Retest or Fall ??Observations::
Price has broken the trendline...strongly
now we have to see it will continue to drop or will retest the trendline...
if we see the chart,
trendline retest if possible test area is 44200 or strong fall area @44350 level.
If we see on bottom side...strong reversal is observed with gap @43700 and is still not at finished.
if price fall continue we can observe this gap be finsihed soon.
if Price is going to test the supply zone @44350 to fall again
If tomorrow price is range between 44000 and 44160 levels and goes up look for sell.@ Supply Zone.
09/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello 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 44500 and taking Support from 44500 then open target for T1-44600,T2-44700,T3-44800
If the Banknifty after a Gap-Up opening sustain Below 439000 and taking resistance below 439000 then the open Targets for T1-43800,T2-43700,T3-43600
Major Levels 44000,44300,44200
If the market stande in this area of 44500 to 40000, then it is possible that even today the market will remain in the range.
BANKNIFTY--Bullish Gap or Bearish Gap??observations::
We have resistance in the range 44270-44255,
if failed to resistance price will reach 44340-44310 range.
we will observe some consolidation in this area 44250-44360 range.
we have support @44150-44140 range ,if failed will go for short.
we have bearish gap @44450 range...
if price breaks the resistance @above zones.. will observe gap may fill...
we have bullish gap left @43880-43900 range.. will again push the price to higher levels.
07/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello 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 44500 and taking Support from 44500 then open target for T1-44600,T2-44700,T3-44800
If the Banknifty after a Gap-Down opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43800,T2-43700,T3-43600
Major Levels 44000,44300,44200
If the market stande in this area of 44500 to 40000, then it is possible that even today the market will remain in the range.