[INTRADAY] #BANKNIFTY PE & CE Levels (02/01/2024) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level todays session.Any Major upside only expected in case banknifty starts trading above 48050 level.
Bankniftylevels
[INTRADAY] #BANKNIFTY PE & CE Levels(01/01/2024) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 48450 level then possible downside rally of 400-500 points upto 48050 Level & this rally can extend another 400 points if market gives breakdown 47950 level in todays session. Any Major upside only expected in case banknifty starts trading above 48550 level. also possible reversal upside 48050 level.
01 JAN 2024 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 sustains Above 48600 and takes Support from 48600 then open target for T1-48700, T2-48800,T3-49000
If the Banknifty gap up opening sustains Below 48100 and takes resistance below 48100 then the open Targets for T1-48000, T2-47900,T3-47700
Major Levels 48200,48400,48500
If the market stands in this area of 48200 to 48500 then it is possible that even today the market will remain in the range.
29 DEC 2023 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 sustains Above 48600 and takes Support from 48600 then open target for T1-48700, T2-48800,T3-49000
If the Banknifty gap up opening sustains Below 48200 and takes resistance below 48200 then the open Targets for T1-48100, T2-48000,T3-47900
Major Levels 48200,48400,48500
If the market stands in this area of 48200 to 48500 then it is possible that even today the market will remain in the range.
28 DEC 2023 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 sustains Above 48400 and takes Support from 48400 then open target for T1-48500, T2-48600,T3-48800
If the Banknifty gap up opening sustains Below 48200 and takes resistance below 48200 then the open Targets for T1-48100, T2-48000,T3-47900
Major Levels 48200,48400,48000
If the market stands in this area of 48200 to 48000 then it is possible that even today the market will remain in the range.
26 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSBANKNIFTY
Hello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 47400 and takes Support from 47500 then open target for T1-47600, T2-47800,T3-48000
If the Banknifty gap up opening sustains Below 47500 and takes resistance below 47500 then the open Targets for T1-47300, T2-47200,T3-47000
Major Levels 47500,47600,47000
If the market stands in this area of 47600 to 47800 then it is possible that even today the market will remain in the range.
BankNifty should retrace into this Weekly Demand
Whenever the Price deviates up from the Moving Average, Price either falls to the EMA or the EMA moves up top the Price,
We here see a Fresh Weekly Demand formed which has exceeded the opposite Supply hence a Valid Demand.
Price has formed a Daily Supply which has exceeded its opposite Demand hence a Valid Source for a Downtrend,
This is the Supply to Demand Equilibrium Curve, showing the odds of long and short positions.
One can short after a downward confirmation in 30 mins/1H
21 DEC 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 sustains Above 47000 and takes Support from 47000 then open target for T1-47200, T2-47300,T3-47500
If the Banknifty gap up opening sustains Below 47500 and takes resistance below 47500 then the open Targets for T1-47300, T2-47200,T3-47000
Major Levels 47000,47500,47200
If the market stands in this area of 47000 to 47200 then it is possible that even today the market will remain in the range.
BANKNIFTY--Trading in a channel??Bank nifty is trading in a channel
if the bottom channel failed to push the price upside...
fall will happens below 46500 levels...either by consolidation or strong bearish momentum
More liquidity lies below this levels...
keep safe....wait until the price breaks the channel for bearishness...
20 DEC 2023 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 sustains Above 48000 and takes Support from 48000 then open target for T1-48200, T2-48300,T3-48500
If the Banknifty gap up opening sustains Below 47600 and takes resistance below 47600 then the open Targets for T1-47500, T2-47300,T3-47200
Major Levels 48000,47800,47000
If the market stands in this area of 48000 to 47800 then it is possible that even today the market will remain in the range.
18 DEC 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 sustains Above 48200 and takes Support from 48200 then open target for T1-48300, T2-48400,T3-48500
If the Banknifty flat opening sustains Below 48000 and takes resistance below 48000 then the open Targets for T1-47800, T2-47700,T3-47600
Major Levels 48000,48200,47800
If the market stands in this area of 48000 to 48200 then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(15/12/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 47450 level then possible downside rally of 400-500 points upto 47050 Level. Any Major upside only expected in case banknifty starts trading above 47550 level & this rally can extend another 400 points if market gives breakout 48050 level.
15 DEC 2023 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 sustains Above 47900 and takes Support from 48000 then open target for T1-48200, T2-48300,T3-48400
If the Banknifty flat opening sustains Below 47500 and takes resistance below 47500 then the open Targets for T1-47300, T2-47300,T3-47100
Major Levels 48000,47500,47800
If the market stands in this area of 47600 to 47800 then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(14/12/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 47450 Level & this rally can extend another 400 point if market gives breakout 47550 level. Any Major downside only expected in case banknifty starts trading below 46950 level.
14 DEC 2023 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 sustains Above 47400 and takes Support from 47500 then open target for T1-47700, T2-47800,T3-48000
If the Banknifty flat opening sustains Below 47000 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500
Major Levels 47000,47500,46800
If the market stands in this area of 47400 to 47200 then it is possible that even today the market will remain in the range.
13 DEC 2023 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 sustains Above 47400 and takes Support from 47500 then open target for T1-47700, T2-47800,T3-48000
If the Banknifty flat opening sustains Below 47000 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500
Major Levels 47000,47500,46800
If the market stands in this area of 46800 to 47200 then it is possible that even today the market will remain in the range.
BankNIFTY prediction for tomorrow 13 Dec 23As we discussed yesterday, Banknifty gave a breakdown and also moved nicely. OI PCR has shifted from 1.17 to 0.80, which indicates huge bearishness. After the breakout, we observed that volume increased significantly at each candle. If we see a 1-day timeframe, we can see it's a confirmed gravestone dogi pattern, which is formed at the top of the trend and shows huge bearishness. We could not achieve our bearish target today; hopefully, it will be achieved tomorrow.
Reasons:
RSI < 40 (Bearish)
successful breakout to the downside. (Bearish)
continuous increasing of volume after the breakout. (Bearish)
PCR: 1.17 -> 0.80, which is a huge fall. Most of the PE writing was rounded off in 1st half day today.
Price < EMA(13,50) (Bearish)
Bearish golden crossover. (Bearish)
Verdict:
Bearish
Plan of action:
Sell 47200 PE, protect it with hedging.