BANKNIFTY--Initiation or Exhaustion??price is exactly closed near to the resistance zone...
A strong bullishness is observed from the 45000 levels...
today's bullishness is exhaustion tomorrow it is again bearish...If this is an initiation will grab the liquidity above 46800 levels...and will continue to move higher with consolidation to 47200 levels.
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I am sharing the important levels of Support and Resistance. These levels plays 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.
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
Bankniftytradesetup
BANK NIFTY INTRADAY LEVELS FOR 01/02/2024BUY ABOVE - 46170
SL - 45910
TARGETS - 46500,46760,47000
SELL BELOW - 45910
SL - 46170
TARGETS - 45660,45500,45300
NO TRADE ZONE - 45910 to 46170
Previous Day High - 46170
Previous Day Low - 45110
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 👍
01 FEB 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 T1-46300, T2-46400,T3-46500
If the Banknifty gap up opening sustains Below 46000 and takes resistance below 46000 then the open Targets for T1-45800, T2-45700,T3-45500
Major Levels 46000,46200,45800
If the market stands in this area of 46000 to 46200 then it is possible that even today the market will remain in the range.
BANKNIFTY--Breakout or Breakdown??I am sharing the important levels of Support and Resistance. These levels plays 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.
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
BANK NIFTY INTRADAY LEVELS FOR 31/01/2023BUY ABOVE - 45500
SL - 45300
TARGETS - 45660,46000,46240
SELL BELOW - 45300
SL - 45500
TARGETS - 45110,44900,44610
NO TRADE ZONE - 45300 to 45500
Previous Day High - 45660
Previous Day Low - 45300
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--@What is Resistance (S or T)??Banknifty index is clearly broken the support @47000 zone.
Price recently broken the longer term trendline as well..
Now price is trading near to support zones at 44500 minor support zone and
43500-43200 major support zone.
Short Opportunity::
Enter the short positions when price tap into this resistance zone(Support) or facing resistance from trendline.look for short opportunities from this zone.
Long Opportunity::
Enter long positions when price tap into the major support zone.looking for long opportunities from this support.
Case:1
We have a resistance in the form of support @47000.
Case:2
We have resistance in the form of trendline.
30 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 45500 and takes Support from 45500 then open target for T1-45600, T2-45800,T3-46000
If the Banknifty gap up opening sustains Below 45500 and takes resistance below 45500 then the open Targets for T1-45300, T2-45200,T3-45000
Major Levels 45500,45700,45300
If the market stands in this area of 45500 to 45700 then it is possible that even today the market will remain in the range.
BANK NIFTY INTRADAY LEVELS FOR 30/01/2024BUY ABOVE - 45660
SL - 45500
TARGETS - 46000,46220,46500
SELL BELOW - 45330
SL - 45500
TARGETS - 45110,44900,44610
NO TRADE ZONE - 45330 to 45660
Previous Day High - 45660
Previous Day Low - 45110
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 👍
[INTRADAY] #BANKNIFTY PE & CE Levels (29/01/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 45050 level then possible upside rally of 400-500 points upto 45450 level & this rally can extend another 400 points if market give breakout 45550 level.Any Major downside only expected in case banknifty starts trading below 44950 level.
29 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 45500 and takes Support from 45500 then open target for T1-45600, T2-45800,T3-46000
If the Banknifty gap up opening sustains Below 45000 and takes resistance below 45000 then the open Targets for T1-44800, T2-44700,T3-44600
Major Levels 45000,45200,45500
If the market stands in this area of 45500 to 45300 then it is possible that even today the market will remain in the range.
BANK NIFTY INTRADAY LEVELS FOR 29/01/2024BUY ABOVE - 45110
SL - 44900
TARGETS - 45330,45500,45800
SELL BELOW - 44900
SL - 45110
TARGETS - 44610,44430,44270
NO TRADE ZONE - 44900 to 45110
Previous Day High - 45110
Previous Day Low - 44430
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--Support becomes Resistance??Bank nifty index taken multiple times support from the zone 45600-45400.
if this acts as resistance again bearishness will continue to downwards.
on top we have a resistance in the form of trendline as well....
we have chance of consolidation between 45600-44100 levels before test this zone at 44100 levels...keep safe before going long from here...
[INTRADAY] #BANKNIFTY PE & CE Levels(25/01/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 45050 level then possible upside rally of 400-500 points upto 45450 level & this rally can extend another 400 points if market give breakout 45550 level.Any Major downside only expected in case banknifty starts trading below 44950 level.also possible reversal downside 45450 level.
25 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 44800 and takes Support from 44800 then open target for T1-45200, T2-45300,T3-45500
If the Banknifty gap down opening sustains Below 44600 and takes resistance below 44600 then the open Targets for T1-44400, T2-44200,T3-44100
Major Levels 45000,45200,44800
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.
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.
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--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.
BANK NIFTY INTRADAY LEVELS FOR 24/01/2024BUY ABOVE - 46220
SL - 46000
TARGETS - 46500,46760,47000
SELL BELOW - 46000
SL - 46220
TARGETS - 45800,45580,45440
NO TRADE ZONE - 44900 to 45110
Previous Day High - 46580
Previous Day Low - 44900
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 👍
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.