Bankniftytradesetup
30 AUGUST 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 sustain Above 44900 and taking Support from 45000 then open target for T1-45200,T2-45300,T3-45400
If the Banknifty Gap-Up opening sustain Below 44500 and taking resistance below 44400 then the open Targets for T1-44300,T2-44200,T3-44000
Major Levels 44500,44300,44700
If the market stande in this area of 44500 to 44800, then it is possible that even today the market will remain in the range.
BANKNIFTY--Breakout or Breakdown??Drop base drop is observed @44720 levels....
Rally base rally is observed from 44400 levels...
tomorrow these are my point of intrest for shorting and buying levels....
If a continuous fall is detected from 44720 levels, then will be on bearish mode until
44400,44300,44120 levels and below...
If we consider the above drop is a weak one...will be bullish above 44720 level break and retest...
to be continued on top side for targets of 44800,44950 and 45100 and above we have a liquidity lies on that area....
Will see what happens in the next session.
BANK NIFTY INTRADAY LEVELS FOR 29/08/2023BUY ABOVE - 44620
SL - 44520
TARGETS - 44750,44920,45100
SELL BELOW - 44360
SL - 44460
TARGETS - 44230,44100,43960
Previous Day High - 44620
Previous Day Low - 44230
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.
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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.
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29 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 44500 and taking Support from 44600 then open target for T1-44800,T2-45000,T3-45100
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 44500,44600,44400
If the market stande in this area of 44600 to 44200, then it is possible that even today the market will remain in the range.
LICHSGFIN Short term Swing but OpportunityRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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BankNifty Analysis for 28-August-2023As per my analysis and previous chart history you can trade (Buy or Sell or Both) in Bank Nifty as per below points mentioned: -
Buy CE at 44220
Buy PE at 44120
This is my personal opinion, you can trade as per your money and risk management policy.
Thanks for supporting
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....
24 AUGUST 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 sustain Above 44800 and taking Support from 45000 then open target for T1-45200,T2-45300,T3-45500
If the Banknifty Gap-Up opening sustain Below 44000 and taking resistance below 43800 then the open Targets for T1-43600,T2-43500,T3-43400
Major Levels 44000,43800,44500
If the market stande in this area of 44500 to 44800, then it is possible that even today the market will remain in the range.
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....
23 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 44100 then open target for T1-44200,T2-44400,T3-44600
If the Banknifty Flat opening sustain Below 43800 and taking resistance below 43800 then the open Targets for T1-43600,T2-43500,T3-43400
Major Levels 44000,43800,44100
If the market stande in this area of 44000 to 43700, then it is possible that even today the market will remain in the range.
22 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 44100 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 43700, then it is possible that even today the market will remain in the range.
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.
18 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 44100 then open target for T1-44200,T2-44400,T3-44600
If the Banknifty Gap-Down 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 44100 to 43800, then it is possible that even today the market will remain in the range.