Bankniftyanalysis
01/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 41000 and taking Support from 41000 then open target for T1-41250,T2-41400,T3-41590
If the Banknifty after a Gap-Up opening sustain Below 40200 and and taking resistance below 40200 then the open Targets for T1-40000,T2-39700,T3-37500
Major Levels 40200,40500,40800
BANK NIFY PRE BUDGET RALLY ???On hourly charts , bank nifty take support near 40000 to 39600 level. This is very crucial level because 2 reasons
1. We draw Fibonacci from bottom to top then 39730 level is 0.382 % retracement level.
2. 40000 is big psychological level and also bank nifty fall from 43000 to 39600 which is 3500 point rally with no retracement.
By above logic we could expect correction upto 40700 level. Enter
only when hour candle closes above 41000 level. Trade with stoploss. see you soon!!
31/01/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above last day high 40800 and taking Support from 40800 then open target for T1-41000,T2-41100,T3-413000
If the Banknifty after a Gap-Up opening sustain Below 40400 and and taking resistance below 40500 then the open Targets for T1-40300,T2-40200,T3-40000
Major Levels 40500,40400,40800
30/01/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap Down is going to open
After A Gap Down opening if Banknifty sustain Below las day low 40147 and taking Resistance from 419000 then open target for T1-39800,T2-39600,T3-39200
If the Banknifty after a Gap Down opening sustain Above 40454 and and taking support above 40454 then the open Targets for T1-40600,T2-40800,T3-41000
Major Levels 40200,40000,40400
CE Buyers Activate Zone.27/01/2023NSE:BANKNIFTY
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🧡🤍💚 Happy Republic Day🧡🤍💚
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Condition 2 - Banknifty Banknifty take support 41640 and go up side . trade that side.👍
Upside - Half QtyTarget 400+ point
stoploss - only 60 point 41580
27/01/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONE
Hello Guys,
Good Morning everyone,
According to the data today market Gap up is going to open
After A Gap up opening if Banknifty sustain above 419000 and taking support from 419000 then open target for T1-42200,T2-42400,T3-42600
If the Banknifty after a Gap up opening sustain below last day low 41540 and making resistance below 41540 then the open Targets for T1-41300,T2-41100,T3-41000
Major Levels 41500,41600,41800
Bank nifty levels Hello Traders,
We saw a blood bath on banking index on Wednesday. Bank nifty fell more than 1000 points. We had alerted this preciously. we had anticipated the same earlier, details already explained
For bank nifty 41500 is an important support and it is not so easy for the index to break. I am expecting some bounce back towards 42300 level. We have multiple resistances but 41900 & 42300 is going to play very crucial.
Any way if we break 41500 then this will open doors for further downside.
PE Sellers Activate Zone 27/01/2023 NSE:BANKNIFTY
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🧡🤍💚 Happy Republic Day🧡🤍💚
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Condition 1 - Banknifty open and take resistance 42950 , And Making Bearish candle on resitance level . Then We go with PE side - 42900 Put buying.