BANK NIFTY INTRADAY LEVELS FOR 25/01/2024BUY ABOVE - 45110
SL - 44900
TARGETS - 45330,45500,45800
SELL BELOW - 44900
SL - 45110
TARGETS - 44700,44550,44390
NO TRADE ZONE - 44900 to 45110
Previous Day High - 45500
Previous Day Low - 44550
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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Bankniftyview
BANKNIFTY-Psychology#Banknifty has seems to be completed its 3rd wave on weekly time frame.
Please check the chart from start to finish and you will find the wave counts for an impulse are completed for wave 3.
Please watch it carefully. any suggestion you would like to give will highly appreciated. Please subscribe to the channel for time-to-time analysis of various stocks and indices.
I AM NOT A SEBI REGISTERED ANALYST AND WILL SUGGEST YOU TO TAKE THE ADVICE OF YOUR FINANCIAL ADVISOR BEFORE CONSIDERING ANY TRADE ACTIVITY.
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BANKNIFTY--Case1 or Case2 ??BANKNIFTY is now at golden zone of fibonacci.
we have 2 possible cases here,
case1::
It may reverse from golden zone.
(or)
case2:: After strong bearishness today given some retracement, to enter short side continuation.
If price consolidates , price fall continue towards bullish gap on bottom side.
Keep safe here, volatility is more in this scenarios.
24 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 45300 and takes Support from 45300 then open target for T1-45400, T2-45600,T3-45800
If the Banknifty gap up opening sustains Below 45200 and takes resistance below 45200 then the open Targets for T1-45000, T2-44900,T3-44800
Major Levels 45200,45000,45300
If the market stands in this area of 45000 to 45200 then it is possible that even today the market will remain in the range.
23 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 46200 and takes Support from 46200 then open target for T1-46400, T2-46600,T3-46800
If the Banknifty gap up opening sustains Below 46200 and takes resistance below 46200 then the open Targets for T1-46000, T2-45900,T3-45800
Major Levels 46200,46000,46400
If the market stands in this area of 46400 to 46200 then it is possible that even today the market will remain in the range.
[INTRADAY] #BANKNIFTY PE & CE Levels(20/01/2024) 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 gives breakout 46050 level.Any Major downside only expected in case banknifty starts trading below 45450 level.also possible reversal downside 45950 level.
BANK NIFTY TARGET LEVELS 19.01.2024KINDLY DRAW THE LINES IN YOUR TRADING VIEW CHART
Draw And Watch My Startegy
Bank Nifty - Break Even Point : 45779.1 ADD +/- : 120 Points
Nifty 50 - Break Even Point : 21581.4 Add +/- : 27 Points
Fin Nifty - Brek Even Point : 20537 Add +/- : 37 Points
By Market1Tomorrow
BANKNIFTY--Head & Shoulders Pattern??I am sharing the important levels of Support and Resistance. These levels play 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.
If price breaks the support, we have a chance of filling the bullish gap, soo keep in shortside until it touches bullish gap and keep in short side until price is below right shoulder,if opens GapDown look for short when it comes back to right shoulder.
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
Nifty Bank for 18-01-2024NIFTY BANK
CMP 46064
We are assuming a gap down in today's session. Any break of 45500/45600 can break towards the level of 45000/44600
On an upside regain of 46000 and majorly above the level of 46500 from where it faced the major jerk can lead us to the upper side. Till then any upside will be considered as a sell on the rise.
BANKNIFTY // Where to Revert?www.tradingview.com
BANKNIFTY: After a great selling pressure and fall by more than 2000 points, BankNifty likely to revert from 44800 on Weekly Chart. It is creating a Cup & Handle Pattern which is a Bullish pattern however during making a Cup, it always goes down. There is an open gap between 45000-45500. During making the handle of the Cup, it will be filled. Hence it will satisfy the Gap theory as well. So, lets wait till it touches 44800 level on Weekly chart before entry to buy.
#Banknifty Higher timeframe Major update#Banknifty
Higher timeframe Update
There are 2 zones that I am eyeing for potential botton.
1) 45800-46300: This is a breakout zone and Banknifty has already tapped it. We can see some consolidation in this zone before any major move either side.
2) 44950-45490: Big gap pending zone. Market rarely leaves such gaps/ inefficiencies open. If this is mitigated, it would be very bullish overall for Banknifty.
BANKNIFTY--GapUp or GapDown Banknifty is trading in a Bearish channel,now price is exactly closing below the Bearish channel top side.
In the next session we have a chance of GapDown opening...
If opens up above the major resistance,then also will look for short side if closes below the Bearish channel.
Keep safe before going long,above the channel.
16 SEPT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A Gap-up opening if Banknifty sustains Above 48000 and takes Support from 48100 then open target for T1-48200, T2-48400,T3-48600
If the Banknifty Gap-up 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.
15 SEPT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A Gap-up opening if Banknifty sustains Above 47800 and takes Support from 47800 then open target for T1-48000, T2-48100,T3-48200
If the Banknifty Gap-up opening sustains Below 47500 and takes resistance below 47500 then the open Targets for T1-47400, T2-47300,T3-47200
Major Levels 47500,47600,48000
If the market stands in this area of 47800 to 48000, then it is possible that even today the market will remain in the range.
BANKNIFTY--Drop Base DropBanknifty is trading in a Bearish channel
Recently a strong Bearish is observed from 48000 levels.
Now price is approching the resistance,keep looking for short if price comes back to the same level.
Will become a drop base drop if fall happens.We have trendline liquidity as well.
Liquidity lies on both sides above 48000 and below 47000.
so careful here.Chance of clearing the liduidity on both sides.
12 SEPT 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open a gap up
After A Gap-up opening if Banknifty sustains Above 47500 and takes Support from 47600 then open target for T1-47800, T2-47900,T3-48000
If the Banknifty Gap-up opening sustains Below 47200 and takes resistance below 47000 then the open Targets for T1-46800, T2-46700,T3-46500
Major Levels 47500,47600,47200
If the market stands in this area of 47800 to 47600, then it is possible that even today the market will remain in the range.
BANKNIFTY--Head & Shoulders Pattern??Now price is likely to reversal.
If we see the chart price created a Head and Shoulders pattern.
we have a chance of consolidation at current price levels.
keep in short side until it clears the bottom side liquidity.
Go long again ,after a liquidity grab done below 47000 levels.
10 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 47200 and takes Support from 47200 then open target for T1-47300, T2-47400,T3-47600
If the Banknifty gap down opening sustains Below 47000 and takes resistance below 47000 then the open Targets for T1-46800, T2-46700,T3-46500
Major Levels 47000,47200,46800
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--Consolidation or Bullish ??BANKNIFTY is rejected from the main channel and fall happens...
we have detected a break below the secondary channel as well.
If tomorrow price opens gap down or consolidation happens below 47400-47000 levels then liquidity will be clear on bottom side @47000 levels.
If tomorrow again opens up and we have a chance of continuation to upside for the retest of secondary channel and may fall back again.
Price is slowly creating a down ward channel, keep safe from these levels.
Rarely, If consolidation happens above the secondary channel then it will again test ATH levels..
BANKNIFTY--Consolidation or Bearish??BANKNIFTY broken the bullish channel downside,
if tomorrow price opens gap up or bullish, keep looking for short side.
if price comes back to 48400 levels, look for short.
Lot of liquidity is lies below 47000 levels...
this time price clears the liquidity on bottom side and then tries to be bullish again.
wait until it comes to these levels and observe a rejection from the channel...
careful before going long..
If we observe again a consolidation on topside...another bullishness is going to observe soon.