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BANKNIFTY

BANKNIFTY ANALYSIS BANKNIFTY Analysis for the Upcoming Session: 1. Previous Day High and Open Interest (OI) Resistance: - Previous Day High (PDH): 47,135 - OI Resistance Zone: 47,135 to 47,250 - Analysis: The previous day high at 47,135 represents a crucial level. If the price surpasses this point, it may encounter resistance in the OI resistance zone from 47,135 to 47,250. Traders should closely monitor price action in this area for potential breakout opportunities. 2. Previous Day Low and OI Support: - Previous Day Low (PDL): 46,777 - OI Support Zone: 46,777 to 46,870 - Analysis: The previous day low at 46,777 serves as a key reference point. If the price approaches this level, it may find support within the OI support zone ranging from 46,777 to 46,870. Traders should observe how the market reacts around this area, as a bounce or breakdown could indicate potential future movements. Overall Analysis: - The market has established a range between the previous day high and low. - Traders should pay attention to the OI resistance zone above the previous day high and the OI support zone below the previous day low. - A breakout above the OI resistance zone could signal bullish momentum, while a breakdown below the OI support zone may indicate a bearish trend. Key Takeaways for Traders: - Bullish Scenario: A decisive move above the previous day high and the OI resistance zone could provide opportunities for bullish trades. - Bearish Scenario: If the price drops below the previous day low and the OI support zone, it may present opportunities for bearish trades. - Caution: Traders should exercise caution within the established range and wait for clear signals before initiating significant positions. Remember, this analysis is based on historical price levels and open interest data, and actual market conditions may vary. It's essential to use additional technical indicators, real-time data, and risk management strategies for a comprehensive trading approach. Always stay informed about external factors and market news that could influence the Bank Nifty's movements.
NSE:BANKNIFTY
by Shivam_Bhanot
NIFTY 50 Analysis For Feb 20th!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 20th, There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 3 Imbalance Zones! The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue And Red Arrow Path Showing The Direction of The NIFTY 50 For Tomorrow. Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
Bank Nifty to move into the 50K zone in new impulse up!Bank nifty has recently gone through a steep cut, shedding 4000 points in a matter of one month. Looking at the the bigger picture however, tells us it could be a great time to enter into your favorite banking names(or even the index itself!) The 4000 point decline was a wave ii retracement of the impulse that the index witnessed between Oct-Dec 2023. The corrective wave can be labelled as a zig-zag(ABC) and has retraced 61.8% of the impulsive rise. Now what should unfold will be the wave iii of III. This particular leg can be projected moving towards the 50K mark soon. On the downside 44540 can be considered as an important support for the index.
NSE:BANKNIFTYLong
by neeraj_2_sharma
9
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.
NSE:BANKNIFTY
by IIT-Trader
1
CNXFINANCE, FINNIFTY Analysis For Feb 16th!Hello Traders, Here is a Brief Overview About The Analysis of FINNIFTY For Feb 16th, There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have Imbalance Zones in Between The Resistance Zones That Price Could Go. The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue Arrow Path Showing The Direction of The FINNIFTY For Tomorrow. Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:CNXFINANCELong
by SuccessStrikes
1
NIFTY 50 Analysis For Feb 16th!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 16th, There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area. The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue Arrow Path Showing The Direction of The Nifty 50 For Tomorrow. Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
NIFTY 50 Analysis For Feb 15th!Hii, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 15th, There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And One Resistance Became Support Zone. The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue Arrow Path Showing The Direction of The Nifty 50. From The Imbalance Zones Expecting A Pullback And After That The Market Shoots UP! Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
CNXFINANCE, FINNIFTY Analysis For Feb 15th!Hii, Here is a Brief Overview About The Analysis of FINNIFTY For Feb 15th, There Are Total of 3 Support Zones Which You Need To Look For And Same 3 Resistance Zones The Lines Which is Marked As Option Chain's Open Interest Levels of Volume And Change in Open Interest. The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in That Particular Day! The Grey Arrow Path Showing The Direction of The Finnifty. From The Imbalance Zones The Pullback Expecting And After That The Market Shoots UP! Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:CNXFINANCELong
by SuccessStrikes
3
BANK NIFTY INTRADAY LEVELS FOR 15/02/2024BUY ABOVE - 46170 SL - 46010 TARGETS - 46300,46500,46670 SELL BELOW - 45730 SL - 46010 TARGETS - 45570,45330,45150 NO TRADE ZONE - 45730 to 46170 Previous Day High - 45730 Previous Day Low - 44950 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 👍
NSE:BANKNIFTY
by Jagadheesh_JP