Get started

Bankniftyanalysis

BANKNIFTY--Expiry above 43600 or below 43000 ??Observations: BANKNIFTY--showing bearish pressure after opening gap up, falls below 43000, clearly showing 43000 is not a support ,with the help of 43000 price again tested the supply zones @43500-43600. ----------->>If tomorrow again showing bearish pressure @43600 levels, go for selling below 43350 levels for target of 43000,42850,42500 levels. ------>> Price range between 43600 below and 43850 levels. ----------------------------------------------------------------------------------------------- If price consolidates between 43400-43600 levels, price will go up.
NSE:BANKNIFTY
by IIT-Trader
BANKNIFTY-- If 43400 resist,43000 will acts as Support?? Observations: ------->>After A strong fall price showing bullish movement towards 42400 levels, -------->>Previous strong resistance @42700 acts as support and showing bullish pressure towards 43000,43400 levels. ------->> If 43400-43350 level acts as Resistance(Previous Demand Zone) price will again fall from this level. --------->>previously Strong rise happens from @43400-43350 levels, also be careful at this level before long will again see some bearishness in this zone. note: Tomorrow mostly price consolidates between these 2 levels. If 43350-43400 level acts as resistance ,and the zone @43000-43100 previous resistance(If turned to support),then only price is bullish again. If 43000 level failed to acts as support, price again fall back to below 42700 levels . Careful at these levels.
NSE:BANKNIFTY
by IIT-Trader
2
BANKNIFTY--Bullish again from 43500??Observations: ------->> We have a Untested Supply zone @43800-43900 level , price have to give respect to this level. Keep long until this level only. --------->>BANKNIFTY again showing bullish pressure at the end of the session, and broken the previous resistance @43500-43600 level , if this level which is previous Resistance if acts as support price is bullish up to 43800-43900 level only. --------->>Go Long : If price comes back to 43500, go long for targets of 43800-43900 level. Price reversal from this zone(43800-43900) but overall momentum is still positive only, wait until further price action to be noticed. Gap downs may also occur at this level be careful here. Short : Don't think of short now, look for buy @43500-43600 level. Until price breaks 43500-43460 level, and the same level acts as resistance then only we have a sell possibility. Keep on long from 43500 to 43900 level.
NSE:BANKNIFTYLong
by IIT-Trader
BANKNIFTY--43400 Acts as Resistance??Observations: ------->> After Opening Gap down --------->>BANKNIFTY again showing bullish pressure towards 43500, if 43360 level which is yesterday's Support if acts as resistance price is bearish again. --------->>Go short : If price breaks 43200 again, go short for targets of 43100,43050. we have a demand zone @ 43000 may again acts as support. ---------->> Expiry may limit the price movement towards both side ,price is consolidates between 43500-43040 levels.
NSE:BANKNIFTY
by IIT-Trader
BANKNIFTY-Trendline Holds or Buyers Exhausted?? BANKNIFTY has been on an upward trend for quite some time now, but it seems like it may be time for a correction at the strong resistance level of 43600. Observations: ----->>However, the trendline is currently acting as a support and the price is still moving up. ------>>Just yesterday, the strong resistance at 43000 was broken, so it's possible that it may now act as a support level. ----->>If the price falls below 43000 again, it's uncertain which level will hold. Which Level Holds: In the past, the price faced difficulties going up at 42700 and failed. But now, that same level may act as support to go higher. It's recommended to stay on the long side until the price breaks below 42700. -------->> If price breaks 42700 and facing resistance @43000 or 42850 level and again breaks 42700 , go for short 42500,42300,42000.
NSE:BANKNIFTY
by IIT-Trader
1
Bank nifty level for the may month-for education purposeWe are not SEBI registered instructor. We are only stock market educator. Kindly take the trade with keeping your own risk and rewards and analysis. This analysis on for education purpose. If bank nifty sustain the level of 43200 in coming week and on closing basis break out 42500 then in month level of 44150 the highest one can be achieved in our personnel view. If bank nifty break down 42900 and sustain the level then it can go to level of 42500 in coming weeks.
NSE:BANKNIFTY
by vijayanjum