Bank Nifty levels (for 08-08-2023)Bank Nifty levels (for 08-08-2023) are given in the chart for educational purposes only.
Note:
Bank Nifty is controlled by 20 ema today.
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Bank Nifty Levels (for 07-08-2023) Bank Nifty Levels (for 07-08-2023) are given in the chart for educational purposes only.
Note:
1. Inverted Head and Shoulder pattern may be formed by Bank Nifty on 07-08-2023.
2. Bank Nifty has touched a 61% retracement level.
Bank Nifty Analysis for 14th July 2023Bank Nifty Current Level - 44665
Upside Resistance - 44750
Downside Crucial Support - 44630
In Bank Nifty, wait for market to sustain above 44750, if market breaks above this keep trailing stoploss till 44850, 45000 and 45125
On downside, wait for market to sustain below 44630 which is a crucial support, if market breaks below it keep trailing stoploss till 44400, 44315
Execute only after break and close above or below from resistance level or support level at 5-minute candle.
Important - Realize that this is all for educational purpose only.
Bank Nifty Expiry Special Analysis for 13th July 2023Bank Nifty Current Level - 44639
Upside Resistance - 44780
Downside Crucial Support - 44600
In Bank Nifty, wait for market to sustain above 44780, if market breaks above this keep trailing stoploss till 44900, 45000 and 45150
On downside, wait for market to sustain below 44600 which is a crucial support, if market breaks below it keep trailing stoploss till 44450, 44315
Execute only after break and close above or below from resistance level or support level at 5-minute candle.
Important - Realize that this is all for educational purpose only.
Bank Nifty Analysis for 12th July 2023Bank Nifty Current Level - 44745.05
Upside Resistance - 44800
Downside Crucial Support - 44680
In Bank Nifty, wait for market to sustain above 44800, if market breaks above this keep trailing stoploss till 44930, 45000 and 45150
On downside, wait for market to sustain below 44680 which is a crucial support, if market breaks below it keep trailing stoploss till 44400
Execute only after break and close above or below from resistance level or support level at 5-minute candle.
Bank Nifty Important levels for Monday, 10th JulyBank Nifty Important Support and Resistance levels for Monday, 10th July
BANK NIFTY ANALYSIS: 03-07-2023BANK NIFTY ANALYSIS: 03-07-2023
Bank nifty gapped up today and formed a triangular pattern. Tomorrow's move will depend on the breakout/down. Levels for 04-07-2023 are given for educational purposes.
Bank Nifty analysis and trade plan for Monday, 3rd JulyBank Nifty analysis and trade plan for Monday, 3rd July
In daily Time frame Bank Nifty is in an uptrend, and we may expect continuation in uptrend, after crossing 44835 level tomorrow, 44997, 45089, 45203 may act as resistance levels.
If opens above 44835, can direct go for a bullish trade also if it touches 44835 with a very tiny stop loss. Below 44835 level we may plan for bearish trade, with 44659, 44515, 44360 as possible levels of reversal and in case of gap down opening near or at those levels can directly plan for a bullish trade with small stop losses. At 44579 and 44452 level we may expect a pause in Bank Nifty, but chances of reversal are low.
Bank Nifty / ICICI BANKBank Nifty & ICICI BANK having similar patterns, which means ICICI Bank will define Bank Nifty's movement. If one looks closely both charts have inside bars too.
Bank Nifty Analysis: 19-06-2023Bank Nifty Analysis: 19-06-2023
Bank Nifty moved as per our scenario 2. Yesterday I said that the range 44080-90 will decide the trend of BN. Exactly at that point reversal happened today and reached our downside target 90 % (19-06-2023). Tomorrow's (20-06-2023) Levels are given in the chart for educational purposes.
Bank Nifty Analysis: 16-06-2023Bank Nifty Analysis: 16-06-2023
Bank Nifty retested the recent breakdown. Still, it is under bear control. 44080-90 will be crucial. It will decide the trend of BN by tomorrow (19-06-2023). Levels are given in the chart for educational purposes.
Bank Nifty Analysis: 09-06-2023Bank Nifty Analysis: 09-06-2023
Tomorrow might be a trendy day because as we discussed dashed trend line will be broken by Bank Nifty (either up or downside). Levels are given in the chart for 12-06-2023 for educational purposes.
Bank Nifty Analysis: 08-06-2023Bank Nifty Analysis: 08-06-2023
Today, Bank Nifty hit 90% of the upper side and lower side targets. Dashed (RED) trend lines will decide the trend of BN in the forthcoming days. Tomorrow's (09-06-2023) levels are given in the chart itself for educational purposes.
Bank Nifty Analysis: 07-06-2023Bank Nifty Analysis: 07-06-2023
Today, Bank Nifty formed an inverted H&S pattern. Tomorrow's (08-06-2023) levels are given in the chart itself for educational purposes.
Bank Nifty Analysis: 06-06-2023Bank Nifty Analysis: 06-06-2023
Bank Nifty took support at the 44074 level and moved up to the 44239 level today. Tomorrow's (07-06-2023) levels are given in the chart itself for educational purposes.
Bank Nifty Analysis: 05-06-2023 Bank Nifty Analysis: 05-06-2023
As we discussed, Bank Nifty moved up today due to DJI. Tomorrow's (06-06-2023) levels are given in the chart itself for educational purposes.
Bank Nifty Analysis: 02-06-2023Bank Nifty Analysis: 02-06-2023
It oscillated between 43800 - 44000.
I expect 05-06-2023 will be a trending day because
1) Narrow CPR.
2) Bank Nifty is right now at the 200 ema level.
3) Bank Nifty took support at the 200 ema more than 4 times since 05-05-2023
4) DJI increased 2.12% on 02-06-2023.
Bank Nifty Analysis: 01-06-2023Bank Nifty Analysis: 01-06-2023
Bank Nifty hit the downside target exactly at the 43820 level once again. Tomorrow's (2-06-2023) levels are given in the chart.
Bank Nifty Analysis: 31-05-2023 Bank Nifty Analysis: 31-05-2023
Bank Nifty hit the downside target exactly at the 43820 level and took support from that point to reach the 44260 level. Tomorrow's (1-06-2023) levels are given in the chart. (For Educational purposes)
Bank Nifty Analysis: 30-05-2023Bank Nifty Analysis: 30-05-2023
Bank Nifty was in consolidation mode. Tomorrow's (31-05-2023) levels are given in the chart.
Bank Nifty Analysis: 26-05-2023Bank Nifty Analysis: 26-05-2023
BN broke the trendline upper side and moved beyond the 43880 level as discussed in the previous analysis. Some crucial factors:
a) When we see the 30-minute chart, the last 2 hours were in consolidation mode.
b) HDFC Bank was controlled by 50 ema downside.
c) Kotak Bank is under 61% Fibonacci level.
Due to these factors, I expect some consolidation around the 43820 - 44000 level in the forthcoming trading days.
Bank Nifty Analysis: 18-05-2023Bank Nifty Analysis: 18-05-2023
a) Scenario 1: Bank Nifty will form an inverse H & S pattern. If it will be formed, then a huge upside is there. The following days will prove.
b) Scenario 2: Trendline which is in blue controls tomorrow's (19-05-2023) market then the downtrend will continue.
Bank Nifty Analysis: 17-05-2023Bank Nifty Analysis: 17-05-2023
HDFC Bank and ICICI Bank's trends are very weak. ICICI Bank has broken its major trendline today. So, Bank Nifty went down today to the 43438 level and hence took support there as we discussed yesterday. In the chart, the market is within the channel. If the channel is broken (upper or lower side) tomorrow, then the market will move in the direction given in the chart.
