From 5th January onwards we have seen that Banknifty is stuck between 41720 - 42745 is creating a sine wave pattern.
If we look at banknifty chart in a broader time frame we will see that price is consolidating in this range preparing for a breakout to a new Banknifty high.
SCENARIO 1
If we see a gap up and Banknifty opens above or around 42745 then we may see a Thursday weekly expiry between 43000 - 43350.
SCENARIO 2
If we have a flat opening and the price break the 42745 resistance we can see momentum in the second half and the price can go upto 42500 but the expiry will be between 43000 - 43350.
SCENARIO 3
If we see a gap down opening and the price respects the support i.e 41726 then we can see an expiry between 42400 - 42700 or in the later half we can see a price breaking the level 42745. If the price breaks the support zone then in the coming days we can see a huge break down even below 40000 in the coming weeks.
✅ BANKNIFTY SUPPORT AND RESISTANCE LEVELS
SUPPORT ZONE - 41720 - 41928
RESISTANCE 1 - 42310
RESISTANCE 2 - 42735
RESISTANCE 3 - 43195
#BANKNIFTYOPTIONS TO WATCH
19 JANUARY 42600 CE
19 JANUARY 42200 PE
#tradenxt
#bankniftyanalysis
#bankniftylivetrading
#livetrading
#stockmarketanalysis
#stockmarketanalysis19january2022
#IntradayTrading
#IntradayCalls
#BankniftyPredictions
#StockMarketPredictions
#bankniftytomorrowprediction
#niftyanalysis
#niftypredictions
#bankniftyoptions
#niftyoptions
#banknifty42500ce
#banknifty42300ce
#banknifty42000pe
#trendanalysis #bankniftytrend #bankniftyview #bankniftytradesetup #bankniftytrading #bankniftyanalysis #bankniftyoptions #bankniftylevels #bankniftyfuture #bankniftytips #bankniftypredictions
If we look at banknifty chart in a broader time frame we will see that price is consolidating in this range preparing for a breakout to a new Banknifty high.
SCENARIO 1
If we see a gap up and Banknifty opens above or around 42745 then we may see a Thursday weekly expiry between 43000 - 43350.
SCENARIO 2
If we have a flat opening and the price break the 42745 resistance we can see momentum in the second half and the price can go upto 42500 but the expiry will be between 43000 - 43350.
SCENARIO 3
If we see a gap down opening and the price respects the support i.e 41726 then we can see an expiry between 42400 - 42700 or in the later half we can see a price breaking the level 42745. If the price breaks the support zone then in the coming days we can see a huge break down even below 40000 in the coming weeks.
✅ BANKNIFTY SUPPORT AND RESISTANCE LEVELS
SUPPORT ZONE - 41720 - 41928
RESISTANCE 1 - 42310
RESISTANCE 2 - 42735
RESISTANCE 3 - 43195
#BANKNIFTYOPTIONS TO WATCH
19 JANUARY 42600 CE
19 JANUARY 42200 PE
#tradenxt
#bankniftyanalysis
#bankniftylivetrading
#livetrading
#stockmarketanalysis
#stockmarketanalysis19january2022
#IntradayTrading
#IntradayCalls
#BankniftyPredictions
#StockMarketPredictions
#bankniftytomorrowprediction
#niftyanalysis
#niftypredictions
#bankniftyoptions
#niftyoptions
#banknifty42500ce
#banknifty42300ce
#banknifty42000pe
#trendanalysis #bankniftytrend #bankniftyview #bankniftytradesetup #bankniftytrading #bankniftyanalysis #bankniftyoptions #bankniftylevels #bankniftyfuture #bankniftytips #bankniftypredictions