Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 45950 Level. And this rally can extend for another 400 points if it gives breakout of 46050 level. Any Major downside only expected in case banknifty starts trading below 45450 level.
This analysis is for educational purpose only.
As you can see YESBANK is at support and giving trendline breakout.
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Nifty future and banknifty future analysis and intraday plan in kannada.
Long term technical analysis of market.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Hello ji,
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Here support ad resistance levels are there.
plz support me .
jay Jagannath🙏🙏🙏
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Banknifty opened with a slight gap on the upside at 42177 vs the previous close at 42137.
Price did not sustain the gap and moved lower but traded within the range of the previous day's candle, forming inside the candle.
You can clearly see the price action on the hourly chart, and how well prices moved with Friday's first-hour candle.
Now breakout on either...
Bank Nifty Facing Resistance near trendline which shows in chart and taking support from 37000 to 36950 level.
so buy only after it's break the trendline and sell only after it's break the support and hold.
trade on your own risk and strict SL.
I use this chart in 5min timeframe.
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Looking at hourly and 15 mina charts it looks good on up side. All major banknifty constituents like Axis, HDFC Bank, ICICI Bank, Kotak, Indusind, Bajaj Twins, etc have shown good strength today and likely to continue. As banknifty was in sideways for long, RSI on daily and longer time horizon is yet to confirm strong bullish trend. Looking at overall scenario,...
#BANKNIFTY Price broke the trend line and the retest also taken the retest area will be formed in shooting star candlestick pattern so its possible to move the next support level 34449
Why we like it:
trend line broken and retest taken
formed shooting star candlestick pattern
price will be below the 200EMA & 50EMA
1st support:
34449
Next Zone area &...
35610.85 is the level above it bank nifty is bullish. Look for the index taking support at it if comes down then you can go long. The Only problem for upside movement is that trend line resistance, Banknift has space to move up. In this case, the best is to sell puts and take a hedged future position with long bias. If you are buying calls keep quantity low and SL...
View explained on the daily chart with simple support resistance and fibonacci extensions
1. Previous resistance is now support
2. Trading above 61.8% fiboncci ratio
3. Supports and resistances indicated by horizontal lines
4. Comments mentioned in the callouts
Do comment, like and share if you agree with the post NSE:BANKNIFTY
NSE:BANKNIFTY
yesterday we capped a near perfect expiry trading session in BANKNIFTY, despite choppiness it played well with our trend decider areas.
For today While we have opened in spot above trend decider, the futures continue to be within the previous day reference. We have to be mindful of the premiums.
From a immediate BNF levels point of view we are...
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels (01/08/2023)](https://s3.tradingview.com/b/BaPW5rOl_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels (01/08/2023)")
