[INTRADAY] #BANKNIFTY PE & CE Levels(06/02/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 level.Any Major downside only expected in case banknifty starts trading below 45950 level.also possible reversal upside 45550 level.
Bankniftytrend
[INTRADAY] #BANKNIFTY PE & CE Levels(05/02/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 45950 level then possible downside rally of 400-500 points upto 44550 Level in todays session.Any Major upside only expected in case banknifty starts trading above 46050 level to 46450 level.also possible reversal upside 45550 level.
BANK NIFTY INTRADAY LEVELS FOR 05/02/2024BUY ABOVE - 46300
SL - 46040
TARGETS - 46500,46670,46890
SELL BELOW - 45910
SL - 46200
TARGETS - 45660,45500,45300
NO TRADE ZONE - 45910 to 46300
Previous Day High - 46890
Previous Day Low - 45910
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.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Very Interesting looking chart of Bank Nifty (Educational Study)Bank Nifty took a sold beating after massive fall in HDFC Bank share price. 200 EMA (Father Line) came to support and it tried to make a come back since 24th of January. After consistent progress for the next few days, today Bank Nifty tried to make a come back and gave a breakout by trying to go above 50 EMA (Mother Line) but it was unsuccessful and could not close below the same.
Now you must have read my earlier posts and articles which mention that 50 EMA and 200 EMA which are like Mother and Father. That's why we at Happy Candles call them Mother and Father line are the best supports at the same time they are the biggest resistances if the price is below them.
Here is the classic example of the same. 200 EMA gave much needed support to Bank Nifty and after consolidation there was proper progress on chart for the same. Today 50 EMA proved as a major resistance and did not allow Bank Nifty for a close above it. A close above it would have meant that Bank Nifty has made a come back and one can go long in the same but this did not frutify.
A closing below mid-channel line and 50 EMA means that Bank Nifty needs further consolidation and will have to attempt a come back again next week. If it is able to do so and give a closing above 46254 first and thereafter the resistance of 46898 which was near today's high Bank Nifty can make a come back. If that is not the case Bank Nifty will still face difficulty in going ahead and growing ahead.
The main constituents Banknifty are HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra Bank, SBIN, PNB, Bank of Baroda, IDFC First Bank, Bandhan Bank, AU Bank and Federal Bank. All of these banks can be impacted in a small or a big way by the movement of Banknifty. Looking at the chart of Banknifty, individual charts, Fundamentals and Results of all these banks an investor can make his or her investment decisions.
Disclaimer:
Investment in stocks and mutual funds is subject to market risks, please consult your investment advisor before taking financial decisions. The data provided above is for the purpose of analysis and is purely educational in nature. The names of the stocks given in the above article and chart of the company is only for analysis. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
BANKNIFTY--@ Trendline Liquidity??Bank nifty index is facing constant rejection from the resistance @ 46300,
and a lot of liquidity lies below the 45000 support levels...
if tomorrow open up or opens flat, then they immediately takes the price to grab the liquidity on bottom side. so take care before going long from this area.
NECCLTD BUY 32-33 sl 27 TGT 40/60NECCLTD BUY 32-33 sl 27 TGT 40/60
DISCLAIMER: These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
BANK NIFTY INTRADAY LEVELS FOR 02/02/2024BUY ABOVE - 46300
SL - 46040
TARGETS - 46500,46760,47000
SELL BELOW - 45910
SL - 46200
TARGETS - 45660,45500,45300
NO TRADE ZONE - 45910 to 46300
Previous Day High - 46300
Previous Day Low - 45660
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.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(02/02/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 level & this rally can extend another 400 points if market give breakout 46550 level.Any Major downside only expected in case banknifty starts trading below 45950 level.
BANKNIFTY--Initiation or Exhaustion??price is exactly closed near to the resistance zone...
A strong bullishness is observed from the 45000 levels...
today's bullishness is exhaustion tomorrow it is again bearish...If this is an initiation will grab the liquidity above 46800 levels...and will continue to move higher with consolidation to 47200 levels.
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I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
BANK NIFTY INTRADAY LEVELS FOR 01/02/2024BUY ABOVE - 46170
SL - 45910
TARGETS - 46500,46760,47000
SELL BELOW - 45910
SL - 46170
TARGETS - 45660,45500,45300
NO TRADE ZONE - 45910 to 46170
Previous Day High - 46170
Previous Day Low - 45110
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.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
[INTRADAY] #BANKNIFTY PE & CE Levels (01/02/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 level & this rally can extend another 400 points if market give breakout 46550 level.Any Major downside only expected in case banknifty starts trading below 45950 level.also possible reversal downside 46450 level.
01 FEB 2024 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 46200 and takes Support from 46200 then open target for T1-46300, T2-46400,T3-46500
If the Banknifty gap up opening sustains Below 46000 and takes resistance below 46000 then the open Targets for T1-45800, T2-45700,T3-45500
Major Levels 46000,46200,45800
If the market stands in this area of 46000 to 46200 then it is possible that even today the market will remain in the range.
BankNifty // Reason of BounceBack and Further visionwww.tradingview.com
BankNifty: As shown in chart here, BankNifty went into pullback after making its all time high and its new Supply zone, a few days back. It reached to its previously established price zone which was its old demand zone too. It is obvious that if any ticker goes into Demand zone, it can easily bounce back sooner or later. Same happens if any ticker goes into its old Supply zone, it can be pulled back.
After touching the old Demand zone, it bounced back and reached to its old Supply Zone today.
From here, there can be two possibilities : Either it can restore to its old demand zone which is in the range of 44000 or it may go to its New Supply zone which is in the range of 48000.
One thing to notice, the RSI on Daily chart is turning bullish and touching the Neutral zone at 40 from its Bearish zone. Also, it has already crossed its signal line to upside.
Lets see how the near events affects its journey.
BANKNIFTY--Breakout or Breakdown??I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
[INTRADAY] #BANKNIFTY PE & CE Levels(31/01/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 45450 level then possible downside rally of 400-500 points upto 44950 Level in todays session.Any Major upside only expected in case banknifty starts trading above 45550 level to 45950 level.
BANK NIFTY INTRADAY LEVELS FOR 31/01/2023BUY ABOVE - 45500
SL - 45300
TARGETS - 45660,46000,46240
SELL BELOW - 45300
SL - 45500
TARGETS - 45110,44900,44610
NO TRADE ZONE - 45300 to 45500
Previous Day High - 45660
Previous Day Low - 45300
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.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Banknifty--@What is Resistance (S or T)??Banknifty index is clearly broken the support @47000 zone.
Price recently broken the longer term trendline as well..
Now price is trading near to support zones at 44500 minor support zone and
43500-43200 major support zone.
Short Opportunity::
Enter the short positions when price tap into this resistance zone(Support) or facing resistance from trendline.look for short opportunities from this zone.
Long Opportunity::
Enter long positions when price tap into the major support zone.looking for long opportunities from this support.
Case:1
We have a resistance in the form of support @47000.
Case:2
We have resistance in the form of trendline.
[INTRADAY] #BANKNIFTY PE & CE Levels(30/01/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 45950 level & this rally can extend another 400 points if market give breakout 46050 level.Any Major downside only expected in case banknifty starts trading below 45450 level.
30 JAN 2024 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 45500 and takes Support from 45500 then open target for T1-45600, T2-45800,T3-46000
If the Banknifty gap up opening sustains Below 45500 and takes resistance below 45500 then the open Targets for T1-45300, T2-45200,T3-45000
Major Levels 45500,45700,45300
If the market stands in this area of 45500 to 45700 then it is possible that even today the market will remain in the range.
BANK NIFTY INTRADAY LEVELS FOR 30/01/2024BUY ABOVE - 45660
SL - 45500
TARGETS - 46000,46220,46500
SELL BELOW - 45330
SL - 45500
TARGETS - 45110,44900,44610
NO TRADE ZONE - 45330 to 45660
Previous Day High - 45660
Previous Day Low - 45110
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.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍