Get started

BANKNIFTY

#Banknifty Directions and Levels for December 22ndWhat to Expect Today? > As per the structure, we can expect rally continuation. However, there could be some consolidation around the minor rejection zone. > Because structurally, the long rally could be a 3rd wave, followed by a 4th consolidation wave if it rejects any resistance. So, I'm expecting a max 23% to 38% retracement in the minor swing if it rejects there. > Note: The retracement should not break 38%. If it does, as usual, we could consider that a range market
NSE:BANKNIFTY
by Manickamtraders
NIFTY | BANKNIFTY | S&P 500 – Weekly Outlook & Key LevelsNifty closed the week at 25,966, down 80 points from the previous week. The index made a high of 26,047 and a low of 25,726. As discussed earlier, Nifty once again failed to sustain above 26,150 and continues to trade within the broader 26,500–25,700 range. The 25,700 zone remains a strong support, tested three times in the last two weeks, clearly indicating demand at lower levels. On the daily timeframe, Nifty is showing signs of a bullish “W” pattern, which keeps the bullish bias intact as long as support holds. Upside Levels (Bullish Confirmation): Consecutive daily close above 26,150 Targets: 26,325 → 26,492 (important Fibonacci level) → 26,575 Downside Risk (Support Breakdown): Below 25,700, downside can accelerate towards 25,500 / 25,400 India VIX is currently at its support zone, which increases the probability of a volatility bounce. Expect higher swings and faster moves in the coming sessions. Key Nifty Levels: Resistance: 26,150 Support: 25,700 A breakout or breakdown can keep Nifty volatile within the 26,500–25,400 range. BANKNIFTY WEEKLY ANALYSIS Bank Nifty closed above the psychological 59,000 level, around 300 points lower on a weekly basis. The index has formed an indecisive doji candle, signaling uncertainty. Below 58,712 (this week’s low): Downside towards 58,000 / 57,800 Above 59,713 (previous week’s high): Upside resistance at 60,092 / 60,300 S&P 500 – WEEKLY VIEW S&P 500 closed at 6,834, just 7 points higher than last week, forming an indecisive doji candle. With the Christmas week ahead, major directional moves look unlikely. The monthly close will be crucial. The current monthly candle is much smaller compared to average candles since Nov’24, indicating compression. Monthly high breakout: Fresh bullish momentum Monthly low breakdown: Fast correction likely due to aggressive profit booking 📌 Trade Management: Trail profits strictly and avoid over-leveraging.
NSE:NIFTY
by ssudhirsharma11
#Banknifty directions and levels for December 17th:What to expect today? Current view: > If the market opens with a decline and holds it, we can expect further continuation with some consolidation. Both price structure and OI data support this sentiment. Alternate view: > If the market opens with a gap-up or takes a solid pullback at either of the immediate support levels, it could experience a minimum 38% pullback. However, until it breaks above the 38% level, the market bias remains bearish. If it does break, we can expect a move to the top of the range in the upcoming session.
NSE:BANKNIFTY
by Manickamtraders
2
Nifty, Bank Nifty & S&P 500 Wkly Outlook, Key Levels, Trend. Nifty Weekly Analysis: Nifty ended the week at 26047, slipping 140 points from the previous close. The index formed a long-legged candle, clearly indicating strong demand emerging from lower levels, even as persistent selling pressure attempted to drag the market down. As highlighted last week, Nifty largely respected the broader range of 26650–25750. Although the index briefly breached 25750, bulls managed a strong recovery and weekly close above this crucial support, reinforcing its importance. What’s next for Nifty? To resume the upward momentum, Nifty needs a consecutive daily close above 26150. Once achieved, the index can move higher to test the following key resistance zones: 26325 26492 (important Fibonacci level) 26575 On the downside, 25700 remains a strong support. A sustained breakdown below 25700 could open the gates for 25600 and 25500. 🔍 Expected Nifty Range for Next Week: ➡️ 26500 – 25700 ➡️ 25600 / 25500 only if Nifty sustains below 25700 Bank Nifty Outlook: Bank Nifty closed at 59389, nearly 400 points lower on a weekly basis and was a major contributor to Nifty’s weakness. If Bank Nifty manages to sustain above 59600, a recovery towards 60092 (important Fibonacci level) is likely. A consecutive daily close above 60092 can further extend the rally towards: 60400 60681 On the downside, a break below 58700 may invite a deeper correction towards 58100. Expected Bank Nifty Range for Next Week: 60500 – 58100 S&P 500 Technical View: The S&P 500 ended the week at 6827, down nearly 50 points, once again failing to sustain above the strong resistance at 6882. For the index to restart its upward journey, a consecutive daily close above 6882 is essential. If that happens, upside targets include: 6930 7009 7026 (important Fibonacci level) On the downside, key support levels to watch are: 6795 6729 6600 Market sentiment will also be influenced by Trump’s announcement regarding a potential attack on Venezuela, making global cues extremely important. Bonus Tip for Nifty Traders: In case of a positive opening on Monday, keep a close watch on 26192 — this will act as a crucial intraday and positional level.
NSE:NIFTY
by ssudhirsharma11
#Banknifty directions and levels for December 9th:If the gap down sustains, we can expect the minimum targets of this correction to reach the channel bottom. if the index consolidates or breaks this level, the correction may continue. > An important point is that this correction may occur gradually, the channel bottom will acting as a strong support. > Additional technical factors to watch the 20 EMA (on the 15-minute chart) and the 38% Fibonacci retracement level. A break above the 20 EMA or the 38% Fibonacci level can confirm a reversal from bearish to bullish. Until such confirmation, the market bias remains bearish.
NSE:BANKNIFTY
by Manickamtraders
Nifty Weekly Outlook – Range Holds, Big Moves Loading?Nifty closed the week at 26186, barely 20 points below the previous close — a classic sign of consolidation before a potential breakout. The index formed a long-legged bearish Hanging Man candle, making this week’s high (26325) and low (25891) the key trigger levels to watch. Once again, Nifty respected my broader range of 26700–25700, showing how well the levels continue to hold. Nifty: Key Levels for Next Week Bullish Trigger: Sustaining above 26325 Target 1: 26492 (Important Fibonacci level) Target 2: 26650 (Major resistance — tough to break) Bearish Trigger: Only if 25891 breaks Support 1: 25750 – bulls’ critical line of defence Expected Range: 26650–25750 Bank Nifty: At a Critical Juncture Bank Nifty ended the week slightly below the key Fibonacci + psychological level of 60087. Next Week Watchlist Above 60100: Resistance zones: 60750 / 60800 Also becomes supportive for Nifty bulls Below Friday’s low (59106): Expect downward pressure Support: 58700 Expected Range: 60800–58700 Macro Trigger: RBI + Liquidity Wave If strong positive cues like: RBI’s expected 25 bps rate cut OMO purchases of ₹1 lakh crore (11 & 18 Dec) USD/INR 3-year Buy-Sell swap worth $5B (16 Dec) → inject liquidity and still Nifty fails to move higher… …then something is wrong, and bulls must stay extremely cautious. S&P 500 Outlook: Bulls Still in Control After last week’s bullish Marubozu, S&P500 added another 20 points. Key Levels Above 6882: Upside targets: 6930 / 7009 / 7026 (major fib confluence) Below 6727: Only a daily close under this level weakens the structure. Bonus Monday Tip Just like last week’s bonus call… 26350 will once again be a tough level for Nifty to break. 🙏 Be Good, Do Good
NSE:NIFTY
by ssudhirsharma11
Nifty Breaks Record High: Will the Rally Continue Next Week? Nifty closed at 26202 marking a fresh all-time high. The index made a high of 26310 and a low of 25842. On the monthly timeframe, Nifty has formed a strong bullish candle and delivered a bullish close, indicating sustained strength on the higher timeframe. As mentioned last week, Nifty once again moved precisely within my projected range of 26600–25600. For the upcoming week, I expect Nifty to trade within 26700–25700 unless a breakout triggers new momentum. Key levels for Nifty: Resistance: 26492 is a strong Fibonacci level. Sustaining above this level can push Nifty towards 26700. Support: 26117 is the first line of defence. Below this, 25700 remains a strong support zone. Bank Nifty continues to lead the market’s upside. The index posted an all-time high weekly close at 59752, with a high of 59897 and a low of 58649. Bank Nifty has now reached a major psychological and Fibonacci level at 60087. Sustaining above this zone can open the path towards 60300 and 60900. Midcap vs Smallcap: A common query is when Midcap and Smallcap will start moving along with Nifty. Currently, the Midcap index is better positioned on the monthly timeframe compared to the Smallcap index. Smallcap investors may need to wait longer or shift focus to stronger opportunities within the Midcap space. S&P 500 outlook: As discussed last week near the 6840 region, S&P 500 has formed a bullish marubozu candle. The upcoming week will be crucial. Above 6885: The index can extend its move towards 6930, 7000, and 7026 (important Fibonacci level). Below 6726: The rally may weaken and pull the index towards 6568 (key Fibonacci support) and 6454. Bonus level for Nifty traders: Monday’s upper range limit is around 26350.
NSE:NIFTY
by ssudhirsharma11