[INTRADAY] #BANKNIFTY PE & CE Levels(27/02/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 46450 level then possible downside rally of 400-500 points upto 46050 Level in todays session.Any Major upside only expected in case banknifty starts trading above 46550 level.
Bankniftyview
27 FEB 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 46500 and takes Support from 46500 then open target for T1-46700, T2-46800,T3-47000
If the Banknifty gap down opening sustains Below 46400 and takes resistance below 46400 then the open Targets for T1-46300, T2-46200,T3-46000
Major Levels 46500,46400,46700
If the market stands in this area of 46400 to 46600 then it is possible that even today the market will remain in the range.
BANKNIFTY--Inverse Head & Shoulders??Bank nifty index is showing strong bearish pressure after the liquidity grab above 47200.
price tested the demand zones on bottom side and now facing resistance at trendline.
we have a chance of inverse head and shoulder pattern, to test the ATH levels.
If consolidation happen above neckline will have a chance of testing the ATH is more.
BANK NIFTY INTRADAY LEVELS FOR 26/02/2024BUY ABOVE - 47080
SL - 46900
TARGETS - 47200,47360,47600
SELL BELOW - 46700
SL - 46900
TARGETS - 46450,46300,46100
NO TRADE ZONE - 46700 to 47080
Previous Day High - 47200
Previous Day Low - 46700
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 👍
26 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open flat
After A gap flat opening if Banknifty sustains Above 47200 and takes Support from 47200 then open target for T1-47300, T2-47400,T3-47600
If the Banknifty flat opening sustains Below 46800 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500
Major Levels 47000,46800,46500
If the market stands in this area of 47000 to 46800 then it is possible that even today the market will remain in the range.
Bank Nifty Positional chart viewHourly chart shows M pattern breakout. Initially i though it is head and shoulder but instead it formed M pattern and trend indicates downward movement. (posted in my previous post).
Right now, on Daily chart it looks it didn't proceed with W pattern. BankNifty has trapped CE buyers who would have thought that it'll fill the gap upper side. Some downnside movement in past 3 days but it was a good fight. Bulls are not exhausted yet.
BANKNIFTY--Case1 or Case2??BANKNIFTY Index is showing bearish pressure after the liquidity grab above 47200 levels,
tomorrow we have a chance of price trading in a channel and likely to test the demand zones at
46500 levels...
these two possible cases may happens ::
Case1::Rally base Rally
A strong rise is observed from the demand zone at 46500 levels, by creating a bearish channel price may test this demand and again be bullish.
on topside if rally base rally happens the next resistance is 47600-47700.
So take care of your trades.
Case 2:: Rally Base Reversal
On topside we have a triple top, which is a strong resistance so, we can expect a break below the the demand zone and it will continue its movement towards bottom side.
Look for buy if the price grabs the liquidity on below the demand zones and keep in long side from demand zones.
NIFTY INTRADAY LEVELS FOR 23/02/2024BUY - 22250
SL - 22170
TARGETS -22300,22350,22400
SELL - 22170
SL - 22250
TARGETS - 22120,22070,22020
NO TRADE ZONE - 22170 to 22250
Previous Day High - 22250
Previous Day Low - 21890
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 Analysis??Double Bottom is Observed...A Strong reversal is observed from support levels @44400 levels.
A lot of liquidity is lies above the 47200 levels.
A Continuous move is identified in Banknifty index, after the liquidity grab on topside above 47200 levels,
we have a chance of fall back.
on top side we have a trendline as well.
keep safe in this area of resistance zone...
BANKNIFTY--Inverse Head & Shoulders??Banknifty Index created a inverse Head and Shoulders pattern...
price broken the neckline strongly...and retested.
on topside clearly resistance is at 46200 and 46500-46550 levels...
keep in long side until price is above the neckline...
no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below support levels.
If price gives an elimination move below 45500 levels...
look for long side...up to the resistance levels.
BANK NIFTY INTRADAY LEVELS FOR 14/02/2024BUY ABOVE - 45570
SL - 45450
TARGETS - 45730,46010,46200
SELL BELOW - 45330
SL - 45470
TARGETS - 45150,44950,44740
NO TRADE ZONE - 45330 to 45730
Previous Day High - 45730
Previous Day Low - 44740
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--Double Bottom??BANKNIFTY index is now at support levels.....
previously a strong bullish move is observed from this levels....
Price is now at the same strong support...a lot of liquidity is lies below this levels...
on topside price is rejected by the trendline multiple times...
so we have a trendline liquidity as well on topside....
Wait for the bullish turn from this levels...or after completion of the liquidity below these levels...
as of now we have a chance of double bottom...keep in long side from this support levels.
Safe traders wait for the price to break the trendline and retracement to enter long...
this is the only short cut way to reach the 47200 levels....
those who miss the previous opportunity this is the time to look for buying...
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BANK NIFTY INTRADAY LEVELS FOR 13/02/2024BUY ABOVE - 44950
SL - 44770
TARGETS - 45150,45330,45570
SELL BELOW - 44630
SL - 44780
TARGETS - 44430,44270,44150
NO TRADE ZONE - 44630 to 44950
Previous Day High - 45730
Previous Day Low - 44630
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 👍
13 FEB 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 44600 and takes Support from 44700 then open target for T1-44800, T2-45000,T3-45100
If the Banknifty gap down opening sustains Below 44600 and takes resistance below 44600 then the open Targets for T1-44300, T2-44200,T3-4400
Major Levels 44600,44500,44800
If the market stands in this area of 44600 to 44700 then it is possible that even today the market will remain in the range.
BANKNIFTY-- Liquidity@47200??BANKNIFTY INDEX is taken the support from the support level and neckline is failed to push the price downwards...
--->>price failed to grab the liquidity on bottom side, results in bullish entry is placed after it is failed.
------->>so wait for the price to consolidate between the Head and Right shoulder to move upside to test the resistances at 47200 and a liquidity grab above these levels...
Keep in long side as long as price is above 46200 levels, which is right shoulder.
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now price is near to trendline...
if opens up chance of moving upside is possible in this case...
keep in short side aslongas price is below the trendline and Right shoulder.