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Bankniftytrading

BANKNIFTY--Inside Candle + Upside = Fall ??After Showing strong Bullish Pressure towards new ATH, price showing strong bearish pressure. price also forms a inside candle, and yesterday shows a strong bullish momentum again. if this bullish momentum sustains...or falls again. Considering that inside candle as consolidation at Previous ATH levels, and shows us a bullish momentum, so if we consider this as Bearish Pressure + Consolidation + Upside = Great fall. if we observe after breaking the trendline no retest is observed in higher timeframes, a strong bullish move is observed from 44700-44750 levels. if price failed to take the help of previous HH, and bottom side Demand fails, we can expect a strong fall. Will see what happens in live market... Thanks for your support.
NSE:BANKNIFTY
by IIT-Trader
4
BANKNIFTY--Drop Base Drop ??Price broken the trendline and retested, we will enter in short side...Our target gets hit. price again on the other side broken the trendline and we enter in long side.. our stop loss hits. now price is near to the major trendline break... in bigger time frame price broken bullish channel... and in smaller time frames...it is again in channel... so tomorrow if price again reversed from the major trendline, looks for buyside... Price is without touching the resistance showing bearishness, to trap the early sellers. now we have to observe price will again bullish from drop base drop... so will see what happens in the next session.
NSE:BANKNIFTY
by IIT-Trader
25
BANKNIFTY--@Major Trendline Break ??Bank nifty index is again taking the support from the trendline and showing bullish pressure.. now the price is near its previous strong fall area. If this area pushes the price downwards price is again fall. If price breaks the trendline we have a strong support in the bottom side @44800... that will again push the price upside... So Until price breaks the trendline keep on buy side... will be on short side...if price breaks and retest the trendline. Will see in the next session what happens...
NSE:BANKNIFTY
by IIT-Trader
10
2 AUGUST 2023 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 sustain Above 45600 and taking Support from 45600 then open target for T1-45800,T2-46000,T3-46200 If the Banknifty Gap-Down opening sustain Below 45500 and taking resistance below 45500 then the open Targets for T1-45300,T2-45200,T3-45000 Major Levels 45500,45400,45600 If the market stande in this area of 45800 to 45500, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY-- Double Top Formed??Bank nifty Index has formed a double top price has formed a double top, with a break of demand and price is retraced back to fall again. If price wants to fall from strong resistance area, tomorrow price will again test the strong resistance at 45900 level.keep on buyside until this area. we have a bearish Gap and Strong resistance. Until price fills these we can't be on bearish side... we have a trendline confirmation as well...price has taken the support from trendline multiple times, until price breaks the trendline and retest don't go for short side...
NSE:BANKNIFTY
by IIT-Trader
30
1 AUGUST 2023 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 sustain Above 45400 and taking Support from 45500 then open target for T1-45800,T2-46000,T3-46200 If the Banknifty Gap-Down opening sustain Below 45500 and taking resistance below 45500 then the open Targets for T1-45300,T2-45200,T3-45000 Major Levels 45500,45400,45000 If the market stande in this area of 46000 to 45800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Which Breaks Demand or ATH ??Today's observations:: Price rapidly falls from the 46300 levels. Price may again test the ATH, so don't go for short immediately. based on the opening will again look for buy or short. Key level to watch is previous ATH, that is the level that can push price up or lower. On bottom side, Price is again taken the support from demand zone...until demand breaks no Short again... fake breakdown may also happen at demand zone careful here... this is a strong area of value and demand zone.. that can't break easily.... will see what happens in the next session.
NSE:BANKNIFTY
by IIT-Trader
16
28 JULY 2023 EXPIRY DAY 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 sustain Above 46000 and taking Support from 46000 then open target for T1-46200,T2-46300,T3-46500 If the Banknifty Gap-Up opening sustain Below 45700 and taking resistance below 45700 then the open Targets for T1-45600,T2-45500,T3-45400 Major Levels 46000,46200,45800 If the market stande in this area of 46000 to 45800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYLong
by mr_bull10
27 JULY 2023 EXPIRY DAY 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 sustain Above 46300 and taking Support from 46300 then open target for T1-46500,T2-46700,T3-46800 If the Banknifty Gap-Up opening sustain Below 46000 and taking resistance below 46000 then the open Targets for T1-45800,T2-45600,T3-45500 Major Levels 46000,46200,46300 If the market stande in this area of 46000 to 46300, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
26 JULY 2023 EXPIRY DAY BANKNIFTY SUPPORT AND RESISTANCE LEVELS Hello Guys, Good Morning everyone, According to the data today market is going to open Gap-Up After A Gap-Up opening if Banknifty sustain Above 46000 and taking Support from 46000 then open target for T1-46200,T2-46300,T3-46500 If the Banknifty Gap-Up opening sustain Below 45600 and taking resistance below 45600 then the open Targets for T1-45400,T2-45300,T3-45100 Major Levels 46000,45800,45500 If the market stande in this area of 45500 to 45800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
25 JULY 2023 EXPIRY DAY 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 sustain Above 46200 and taking Support from 46200 then open target for T1-46300,T2-46500,T3-46600 If the Banknifty Gap-Up opening sustain Below 45600 and taking resistance below 45600 then the open Targets for T1-45400,T2-45300,T3-45100 Major Levels 46000,46200,45500 If the market stande in this area of 45600 to 46200, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Plan A or Plan B ??Observations:: Today's Interesting point is price opens Gap down, indicating that buyers are not interested to go beyond this level. A strong bearish pressure is observed from the levels 46400. price tested the HH, Previous HH, at 45900 levels, and price can't make a High again, and a sign of strong bearishness is observed from 46200 levels.. we have a chance of Gap down on Monday, and test the bottom side demand zone which is @45600 levels. Plan A: if price opens gap down and after testing the demand zone, price again breaks 46200 level, if it wants to go up it has to take the help of previous ATH. Because selling pressure from 46400 level, will again pushes the price down side and P.ATH is responsible for pushing the price upside. Plan B:: After testing the demand zone, previous resistance acts, again as resistance price falls again to bottom levels. Now our key level is 45900-45800 is the only level, that can push the price up or down. will see what happens on live market in the upcoming session. Thank you for your support guys....Happy weekend.
NSE:BANKNIFTY
by IIT-Trader
45
24 JULY 2023 EXPIRY DAY BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open Flat After A Flat opening if Banknifty sustain Above 46200 and taking Support from 46200 then open target for T1-46300,T2-46500,T3-46600 If the Banknifty Flat opening sustain Below 45800 and taking resistance below 45800 then the open Targets for T1-45700,T2-45600,T3-45400 Major Levels 46000,46200,45800 If the market stande in this area of 45800 to 46200, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Continuation or Reversal ??Observations:: Today price broken the ATH again and showed a strong bullishness towards 46000.... Above ATH, we are going to mark the levels by using pivot point standard. today it performed well above ATH. So, on that basis i am giving the levels for tomorrow, if we see on monthly pivots price broken the Resistance level R2 strongly. price facing the resistance multiple times,and broken this level. in monthly the next resistance is located at 46650 level. Coming to weekly analysis, price broken the Resistance R4,at 46100 level.... and the next resistance is located at 46400 level. Before continuation will it gives a pullback..or continue to move upwards. on bottom side, a zone is formed combination of monthly resistance and weekly support. if price again comes to this level, I am again looking for buyside... if no chance will be on sell side to bottom levels. All these are the pre and post market analysis, live market is entirely different. Will see what happens in live market.
NSE:BANKNIFTY
by IIT-Trader
38