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Bankniftytrading

04 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 45500 and taking Support from 45500 then open target for T1-45600,T2-45700,T3-45800 If the Banknifty Flat opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44700,T3-44500 Major Levels 45000,45500,45200 If the market stande in this area of 45000 to 45500, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Will Touch ATH ??Observations:: The Banknifty index is showing selling pressure in ths zone @43900 level... but failed to take the price below yesterday's supply zone @43700 levels. until price breaks this level and retest don't think of short again... False breakdown may also happens....don't go for short until price breaks 43600 level. It may again reverse... if we see the chart, price respect the demand zone @43400 and will again moving upwards... on top we have strong resistance levels @44100-44200 level... if price consolidates between these 2 levels and will gives us breakout... if price consolidates between 44100-44200 level and moves upward.. we have strong fall area 44350 level,may push the price downwards again but area of value @44100-44200 will again push the price upside... so consider it as a pullback to 44100-44200 level. Again price is also near its trendline breakout...
NSE:BANKNIFTY
by IIT-Trader
2
BANKNIFTY--Consolidation + Down = Up ??Observations:: ---->> A strong bullish momentum is observed from this zone...43400 level... ---->> To reach this zone 43400 level from resistance price is approching with strong consolidation. ---->>if this zone again acts as support,will be on buy side until the Base low 43900, Base High 44200 only. ---->> Drop-Base-Drop formation is observed. ---->>If the base resist the price, to go upside...will again observe a fall below 43400 levels...
NSE:BANKNIFTY
by IIT-Trader
2
15/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello 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 44200 last day high and taking Support from 44200 then open target for T1-44300,T2-44400,T3-44500 If the Banknifty after a Gap-Down opening sustain Below 43850 and taking resistance below 438500 then the open Targets for T1-43600,T2-43500,T3-43400 Major Levels 44000,43900,44200 If the market stande in this area of 43900 to 40200, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
07/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello 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 44500 and taking Support from 44500 then open target for T1-44600,T2-44700,T3-44800 If the Banknifty after a Gap-Down opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43800,T2-43700,T3-43600 Major Levels 44000,44300,44200 If the market stande in this area of 44500 to 40000, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY AnalysisObservations:: ----->>Look BANKNIFTY yesterday taken the support from trendline and showing bullishness. the price is completely trading in a range of previous day bearish candle. If this continue to move upside will observe a bearish gap be filled. If price breaks the trendline, we have strong support @ 43400 level, may again push the price upside. Keep watch this level. Sell Plan:: If price breaks the low @43700 level, and gives us pull back will go for short until 43400 levels. Buy Plan:: If price breaks yesterday high, we have an immediate resistance @44200 range, which is difficult to enter for long, until this breaks. If price breaks this range and gives us pullback will enter long, for target of bearish gap. If we use Fibonacci levels, if we draw it from previous low to high, which is exactly @ 0.6-0.5 range only. still the price is in uptrend only, no sign of bearishness. will be on buyside from 43400 level, until it breaks. If price is again consolidation at 43700-43400, price have a chance of breaking downwards, wait until it breaks strongly. If price not break this level, enter for long on retracement. draw trendline on the opposite side as well, then only look for buyside confirmation.
NSE:BANKNIFTY
by IIT-Trader