banknifty trade setup 22march 24banknifty on yesterday suport taking trade for small sl and big reward should bounce from here lets see what happens Long00:56by jairamnew1
IFTYBANK: (Y)east in the InflationThere is drama on inflation, it looks all over the world. Now it is not. It always existed in our daily life, but we are told it is moving down. The best example is Japan moving out of zero interest rate after 17 years, while Swiss rate cut can be sign of demand descent. Today the inflation from Japan is higher, no longer China in deflation, Taiwan rises the rates. There is extrapolation hope that we may cut. If we stay put that in itself is a cut. Overseas limit of investment limit is closer and stopped, inverse investment is stronger than FII investment here? US continues to print decent economic number, UK holds the rates, but Europe looks divergent. In sum, it is no longer cut and paste story. Equity though looks to mimic the moves to start with. For us, dynamics are different. From technical point of view close just about near 46700 is in no man's land. Today close is interest to watch. From the weekly frame it looks better than the NIFTY. The nine days of fall finally is arrested. Yesterday the gap up prints some to bull and some to bears. Close above 34 DMA is positive, end of nine day down move. A Gap up to start with. Higher wicks, open and close negligible. Bigger frames hold 45800-47300 range. by sreebhashyam1
BANK NIFTY S/R for 22/3/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.by zenthosh0
[INTRADAY] #BANKNIFTY PE & CE Levels(22/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46550 level then possible upside rally of 400-500 points upto 46950 level & this rally can extend another points if market gives breakout 47050 level in todays session.Any Major downside only expected in case banknifty starts trading below 46450 level to 46050 level.also possible reversal downside 46950 level. by TradZoo4
BANKNIFTY: Levels & Trading Plan for 22-Mar-2024 Gap Up Opening Above 46800: Buy Setup: If prices sustain above 46900, consider buying with a stop loss below 46860 and targets at 47041 - 47103 - 47389. Short Setup: If prices fail to sustain the opening and trade below 46880, consider shorting with a stop loss at 46940 for targets of 46679 - 46500. Flat Opening: Look for buying opportunities near 46678 with a stop loss of 46600 for targets of 46900 - 47041 - 47103. If prices don't sustain at 46468, consider a second buying opportunity near 46358 with a stop loss below 46313 and targets at 46500 - 46700 - 46900. Gap Down Opening Below 46450: Look for a buying opportunity near 46500 if prices quickly regain and sustain this level. Place a stop loss at 46313 and target 46700 - 46900 - 47041 - 47103. Consider shorting if prices break and trade below 46300, with a stop loss at 46358 and a target at 46077. Always ensure proper risk management and adapt to market conditions as needed.Longby LiveTradingBox10
Bank Nifty Technical Analysis - 22nd March 2024Bank Nifty Technical Analysis - 22nd March 2024 ## Market Overview Let's examine the support and resistance levels for Bank Nifty based on recent market trends. ### Support Levels **1. Support: 46,800** - Key support level for Bank Nifty. - If the market sustains above or opens above this level, it may work as a support level, indicating potential bullish sentiment. **2. Support: 46,400** - Secondary support level. - If the market faces downward pressure, it could find support around 46,400. ### Resistance Levels **1. Resistance: 46,800** - Immediate resistance level. - If the market opens with a gap down, 46,800 may act as a resistance level initially. **2. Resistance: 47,200** - First resistance level. - A sustained move above 46,800 could lead to a test of the resistance zone near 47,200. ### Technical Insights #### Support Zone Analysis Bank Nifty is currently testing the support level of 46,800. Sustained trading above this level could signal bullish momentum, while a break below may lead to a test of the secondary support near 46,400. #### Resistance Zone Analysis Traders should closely monitor price action around the resistance levels of 46,800 and 47,200. A breakout above 46,800 with strong volume and momentum could indicate further upside potential, whereas failure to sustain above this level might lead to a pullback. ### Trading Recommendation Traders are advised to observe market behavior around the support and resistance levels before initiating new positions. A sustained move above 46,800 may present buying opportunities, while failure to hold above this level could result in a retest of support near 46,400. ### Disclaimer: Risk Management Trading in volatile markets carries inherent risks. Traders should implement effective risk management strategies and adjust their positions accordingly. Longby santubittu0
Banknifty--Inverse Head & Shoulders??Banknifty is now still in Demand zone... But liquidity is lies below the Head section.. After clearing the liduidity on bottom side, price is likely to reversal... So wait for the price to clear and breaks the neckline to enter long.by IIT-TraderUpdated 121273
NIFTYBANK: Hope on Nine Pins!Markets does what they are supposed to do. They are supreme. The dips below 46000 remained the classical trap. 9 Day of continuous negative moves are rare. Those who know the set-up and markets have survived. FED or No FED these work miracles with a marginal line of safety. This time is no different. Confidence and Assurance, markets always cheer. They hate uncertainty. Markets embrace three cuts with three cheers. NIKKI does the fresh punch. Dollar remains a transactional currency with a boxed range than a fearful move either side at this point of time. The next wait is our own MPC. Another meeting nothing emerges, but the words count. Out of the 9 candles the first four are relatively large in body size (save the third one of the four). Remaining candles wicks were larger, but the gaps were noticeable. The last three days, little or no gap, larger lower wicks than upper wicks. Close above 46000. Close above 46600 confirms break of downward trendline, a end of the down move and restart towards the 47300 area. Base is built around the yesterday close. With near 300-point gap plus stops 46200 for 46900 (may not be for today but that is what is in store). by sreebhashyam0
BANK NIFTY S/R for 21/3/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.by zenthosh0
[INTRADAY] #BANKNIFTY PE & CE Levels(21/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46550 level then possible upside rally of 400-500 points upto 46950 level in todays session.Any Major downside only expected in case banknifty starts trading below 46450 level to 46050 level.also possible reversal upside 46050 level. by TradZoo0
BANKNIFTY: Strategy and Levels for 21-Mar-24 In the event of a gap opening above 46500, BANKNIFTY may encounter resistance around 46700-46784. Sustained trading above this range could offer a buying opportunity targeting 46736 – 47000 with a stop loss at 46680. Conversely, if prices fail to sustain above 46784 and begin trading below 46700, a short opportunity towards 46400 – 27300 with a stop loss at 46785 could be considered. For a flat opening, traders might consider a buying trade near 46300 with a stop loss of 46200 and a target of 46700 – 46784. If prices break below 46200, a second buying entry near 46124-46100 with a stop loss at 46000 and a target of 46500 – 46700 could be considered. However, if prices breach the last support at 46000 and sustain below, a short trade opportunity with a stop loss at 46020 could be considered targeting 45680 – 45528 on the downside. In case of a gap down opening below 46200, a buying trade could be considered near 46120 with a stop loss at 46000 and a target of 46500 – 46700. Conversely, a short trade opportunity may arise if prices break below 46000 and sustain, with a stop loss at 46050 and a target of 45680 - 45528.Longby LiveTradingBox4
BankniftyBanknifty Chart Analysis 21/03/2024......... Range : 45650 - 46850 Scalping : above 46750 to 46850 Long : 45500-45650 Sl : 45450 Target : 45825 / 46050 / 46200 / 46400 ==================================== Short : price sustain below 46200 Sl : 50 point premium Target : 46050 / 45830 / 45650 / 45500 Enjoy !by VirendraPandey0
BANKNIFTY 1HRConfluence of 4HR and 1HR BULLISH BAT at 45984 in 1 HR TF Increasing volume on last 2 down bars so expecting price to touch 45984 we can see ultra high volume candles high low resistance support levels inorder to be bullish that daily and 1hr uhv candles high need to be broken with no supplyLongby PriceActionTradervsa0
Bank Nifty - March 21 2024In light of pricing movements At the start of the day, Bank Nifty can drop before rising.Longby TradesDocs0
$NSE:BANKNIFTY GETTEX:NSE : BANKNIFTY .1. GETTEX:NSE : BANKNIFTY on compere to nifty looks positive more! .2. if you planning to trade on the bullish side consider bank nifty over nifty, .3. rsi bullish divergence and strong support level as well in comper to nifty check out this by mitz981
Bank Nifty levels (for 21-03-2024)Bank Nifty levels (for 21-03-2024) Key Factor: 2 Hours time frame will give the exact trend direction for up.by mathsaran4
BANK NIFTY in 15 MTFThis one still, explaining something, one can keep an eye on this Index, may be something is waiting in next 2-3 session.by MARKET_SCENARIO2
Fake Breakout In Bank NiftyA Fake Breakout On Smaller Time Frame Happen in Bank Nifty expiry today.by npknarwal1
BANK NIFTY Head & Shoulder Pattern in 1hr. ChartHello Traders, BANK NIFTY has formed a Clear Head and Shoulder pattern in 1hr. chart and breakdown the Level of 47200 and now it is consolidating at support level of 46900. Market is Bearish Case 1 :If it sustains at same level i.e 46900 we can expect an short upward rally to re-test at 47200-47300 levels and from there onwards we can see a bearish move down to 46300 - 45700 levels. Case 2 If it does not sustains at 4900 levels we can expect a downfall to 46750 levels which is the 2nd support level after 46900 and then market may go for retest zone and then we can expect a Bearish rally until 46300 - 45700 levels. *Re-testing will a good confirmation for the bearish market. If you feel this was helpful !! pls Like, Support & Follow Thanks for your Support Share your thoughts & opinion in the comments section **Not Sebi Registered Do your own Analysis and take the positions All the Best and Happy Trading. Shortby AravindStocks_TeluguUpdated 5
BankNifty - Next 2 sessions!Nifty showed best response on the levels. BNF seems to be little hesitant. I am clearly biased for The Short on BNF. Just a test for The FAITH in calculations! Note: Observe Intensely!Shortby LearnaseUpdated 1
Trendline breakout After a consolidator yesterday (March 19), BNKNIFTY aims for a breakout till 46700 to 46800.. Trade with confirmation after a breakout Longby Baseminter110
NIFTYBANK: The end is the beginning, the beginning is the End!BOJ ends 17 Year of Zero interest rate policy. Finally, that is end of an era. The collective wisdom of the Central Bank's clearly points towards no longer easy money. More interestingly today FOMC will throw light on what the thinking is, there are economic projections and then there is Press Conference. Elevated commodity prices, Crude Oil, Service driven inflation are still the points of concern on the inflation path. FED is not going to relent too soon. The new piece on their table is the Energy prices. Economic data has been mixed, and individual data has lost its relevance, while the JOB report remains the puzzle to decipher. Not much of data from our markets, the focus remains on the cues overseas and the flows here. In terms of fall we hit near 8 days of fall. Hence the De-Mark methodology demands a rise, also the attached 45 Min graph suggests a base near term. The break of the downward trendline may not end the down move, ideally it should hit the UBB and then the fall and then the recapture of the UBB that is the process. No to shorts above the recent low of 46000 range, while 46700 attracts. Nimble longs are better than NUMB shorts. by sreebhashyam0