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Gap up Opening above 48300: Buy if prices take support at 48169 and trade higher above 48279, targeting 48525 – 48601 and 48793. Short trade near 48500 if prices face rejection near 48524-48600, targeting 48180 – 48200. Flat Opening: Buy with a stop loss of 48100 for targets of 48300 – 48500 - 48524 – 48600. No short trade recommendation until price makes a...

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Gap up Opening above 22500: Buy if prices sustain above 22475 and trade above 22511 after opening, targeting 22561 – 22642. Short if prices face rejection at 22511 and trade below 22475, aiming for 22400 - 22393 – 22333 – 22315. No trade between 22475 – 22511. Flat Opening: Buy if price sustains at 22400 and trades higher above 22450, targeting 22500 – 22511 -...

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Recent Price Action: Bank Nifty recently experienced a structural shift by breaching the 47,800 level. Currently, the index trades within the resistance zone of 48,119 - 47,940. This zone can be interpreted as a liquidity sweep area where supply and demand forces may find equilibrium, potentially leading to a retracement. However, a sustained break above 48,120...

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Yesterday's Recap: As anticipated, NIFTY traded within a defined range for most of the April 23rd session. This followed our prediction of a consolidation phase after the breakout above the previous swing high of 22,340. Current Market Structure: The breakout above 22,340 suggests a potential shift in market structure. However, prices are currently seeking a...

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This analysis explores potential trading strategies for the Nifty based on various opening scenarios for April 23, 2024. Key Levels: - Support 1: 22,274 - Support 2: 22,077 (if price action forms) - Resistance 1: 22,392 - 22,475 zone - Resistance 2: 22,561 Trading Scenarios: 1. Gap Up Opening Above 22,400 - Expectation: Potential resistance and rangebound...

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This analysis outlines potential trading strategies for the Bank Nifty based on various opening scenarios for April 23, 2024. Key Levels: - Support 1: 47,800 - Support 2: 47,289 (if price action forms) - Resistance 1: 47,940 - Resistance 2: 48,116 Trading Scenarios: 1. Gap Up Opening Above 48,200 - Expectation: Sideways rangebound trading. - Trading Range:...

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Gap Up Opening Above 47,800: If BANKNIFTY opens with a gap up above 47,800 and sustains with support at 47,754, anticipate upward movement towards 47,939 – 48,116. However, failure to hold above 47,800 and subsequent trading below 47,754 may indicate a decline towards 47,120 – 46,952. Conversely, trading above 48,120 could lead to further gains towards 48,500 –...

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Gap Up Opening Above 22,250: If NIFTY opens with a gap up above 22,250 and sustains above this level, while finding support around 22,240, a buying opportunity may arise with targets at 22,392 – 22,475. However, if it fails to hold above 22,250 and trades below 22,290 with resistance at 22,240, consider a short trade with a stop loss at 22,250 and targets of...

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Scenario 1: Gap Up Opening If BANKNIFTY opens with a gap above 47957 and sustains, watch for a move towards 48166 – 48219 with a potential pullback to 48000 – 47950. Sustained trading above 48219 could lead to further upside towards 48375. Conversely, failure to sustain above 47950 may trigger short trades if prices break the previous day’s low, targeting 47397 –...

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Scenario 1: Gap Up Opening (Above 22350) If NIFTY opens with a gap up above 22350, watch for potential resistance near 22390. A rejection at this level could lead to a drop below 22340. Consider a short entry if prices start trading below 22340 with a stop loss at 22400. Targets for this downside move are 22245 – 22178. Expect a bounce within this range. However,...

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In the recent trading session, BankNifty managed to maintain its reversal support levels of 48519 – 48454 despite ongoing geopolitical tensions between Iran and Israel. The market may experience selling pressure due to these tensions, potentially influencing trading strategies for April 15, 2024. Gap Up Opening: If prices gap up above 48600 and sustain above...

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In the previous trading session, Nifty attempted to hold its last reversal zone support (Liquidity Sweep Zone) of 22591 – 22567. However, it started trading below this level, indicating trapped buyers likely to exit as prices near this zone, which could now act as resistance. The ongoing tensions between Israel and Iran may induce panic selling, potentially...

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Scenario 1: If NIFTY opens with a gap up above 22800 and maintains its position, it may ascend towards the levels of 22873 – 22920, with support at 22784. However, failure to sustain and a swift drop below 22784, followed by trading below 22748, could lead to a decline towards 22625 – 22600-22590. At this juncture, a support level is anticipated, and a buying...

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Scenario 1: A gap up opening above 49050, with support at 48950, may propel BANKNIFTY towards 49187 – 49228. However, if it fails to sustain and faces rejection, a decline towards initial support at 48782 is likely. Breaking below 48750 could trigger short-side trades with a stop loss at 48800, targeting 48519 – 48454. Scenario 2: In the case of a flat opening, a...

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Gap Up Opening: In case of a gap up opening above 48800, resistance is anticipated near 48871. If prices start trading below 49780, a short trade with an initial target of 48545 – 48500 and a stop loss (SL) of 48900 is advisable. Further downside movement to 48400 – 48350 is possible if prices sustain below 48500. Conversely, if prices remain above 48871 and...

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Gap Up Opening: In case of a gap up opening above 22700, consider buying if prices trade above 22740 with a SL of 22690, targeting 22814 – 22896. However, if prices face rejection near 22735 and trade below 22690, a drop to 22588 – 22534 is possible. Buying opportunities may emerge at these levels with a SL of 22500 for targets of 22600 – 22690. Flat...

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In accordance with our last trading analysis, NIFTY hovered near our initial resistance range of 22620 – 22660. Despite attempting to climb higher, a pullback occurred, and the day concluded near the upper boundary of the previously mentioned resistance zone. Here's our strategy for Tuesday, 9th April: Gap Up Opening: If NIFTY opens with a gap up above 22750, we...

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Reflecting on our previous analysis, BANKNIFTY achieved a new all-time high but couldn't close above the previous high on the daily chart. A spinning top candle formed, indicating a potential reversal. The current consolidation phase spans between 48795 – 48455, with movements above or below signaling potential shifts. Here's our plan for Tuesday, 9th...