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Bankniftytrading

BANK NIFTY: TommorowNSE:BANKNIFTY A lot of consolidation going on at previous gap region. For the past six days it has not given a close above the gap (41680) or below the gap (41380) Any daily close above or below the mentioned level can take the NSE:BANKNIFTY the much need direction. Though the bias based on price actions on upper side. Till the time NSE:BANKNIFTY gives a direction avoid all positional bets and stick to intraday levels for day trade. NSE:BANKNIFTY Hourly time frame VCP formation. Important to watch out is 41680 which is the upper level mentioned above. The up thrust candles have above average volume, which is a good sign. NSE:BANKNIFTY Intraday immediate support resistance levels are marked here. For more detailed picture check out the below link
NSE:BANKNIFTY
by Vasu_devan
09/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning everyone, According to the data today market Small Gap-Down is going to open After A Small Gap-Down opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-41900,T2-42000,T3-42200 If the Banknifty after a Small Gap-Down opening sustain Below last day low 41400 and and taking resistance below 41400 then the open Targets for T1-41200,T2-41000,T3-398000 Major Levels 41600,41500,41400
NSE:BANKNIFTY
by mr_bull10
Bank Nifty: Multi time frame analysis1) NSE:BANKNIFTY : Daily time frame - Consolidation going on at at the same area where previous consolidation happened. On the first occasion this led 3600 points break down and on the second occasion led to 2400 points up move. One positive aspect is that there are long wicks in candles which are signs of demand. All positional bet to be avoided unless price clearly moves above 41700 or below 41100. Until then stick to Intraday. 2) NSE:BANKNIFTY : Hourly time frame - Clear volatility contraction visible at this TF. With nice drop in volumes. Usually these are signs of break out. But wait until it happens. No pre-emptive trade. 3) NSE:BANKNIFTY : 15 minutes time frame - Price is in range. All signs of breakout/breakdown to be first spotted from this time frame. Should watch closely. 4) NSE:BANKNIFTY : 5 minutes time frame - From 6th onwards price is trading below VWAP, actually this is a sign of bearishness. But price closely following VWAP and sticking to it whenever there is trend to move away
NSE:BANKNIFTY
by Vasu_devan
BANK NIFTY 07.02.2023NSE:BANKNIFTY Refer yesterday mentioned levels. Given that, from 41690 onwards could face stiff resistance and today made a high of 41725 and reversed. Also given that 41200 and blow could lend support and got support at 41260. If todays high is taken out on tomorrow, good chance to reach up to 42000 - 42300 which is also budget day high. Reason Low volume zone all the way. 41100 to 41200 area can offer some support. Refer the chart. Meanwhile at 15 minute timeframe one beautiful VCP pattern is getting printed the break out of which will push the price up to above mentioned levels. refer the chart below. Please keep in mind following charts NSE:BANKNIFTY Daily time frame. If you remove the negative noise from the market for the moment there is nothing wrong with BNF charts. Daily time frame shows a consolidation. Refer chart below. NSE:BANKNIFTY weekly time frame looks like a shakeout. Refer chart below.
NSE:BANKNIFTY
by Vasu_devan
Bank NiftyThis is just guess work. nobody can predict 100 percent.No clear trend or direction in market. observation is both bulls and bears have placed bets in the market. market trend will mostly decided by the external news and company results perhaps waiting for rbi repo news. overall market sentiment is bullish as you can see in chart to break 39000 will need high selling unless there is big negative news. possible high break up or down when there is change in trend. so for 2 or 3 days market is based upon results and news. general support at down range for today is 41300 and upper is 41550 which cans be seen in 15min chart. just keep watch if price is going above or lower. the above mentioned s&r is from chart being plotted for tomorrow because of sideway market. major s&r you can do yourself or look in others published. when i mention overall sentiment it means generally for a week not just for tomorrow market.
NSE:BANKNIFTY
by NB19