Banknifty 50985.70

Lower top trend line resistance at 51256

so long only on closing basis above this level
 

 Nifty 24811.50

Negative divergence Hourly CHART

so be cautious on intra longs 

Long only above 24830(C) basis

 Banknifty 50685

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Support at 50542-50400 range current swing's 38.2%

Lower top Trend line resistance at 50900 [breakout neck line]

for the target 51597-51600

Fresh entry range above 51150 only and 

with out risk close above 51600, close above this level is good for LTH

 Nifty 24770

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Resistance range 24746-24777 for 24826-845

Any GAPUP around 24826-845 range is for profit booking and 

risk takers short also with sl 24860(C)

Before  move to 25536-25400 range some consolidation 

with profit booking is good 

swing 25078 -  23893 78.6% at 24825

swing 24472-23893 161.8% at 24830

yesterday mentioned same for the tgt 24825+

already we got 24787 high and closed at 24770

Bank nifty 50803.10

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Support at 50542-50400 range current swing's 38.2%

Lower top Trend line resistance at 50900 [breakout neck line]

for the target 51597-51600

Fresh entry range above 51150 only and 

with out risk close above 51600 

 Nifty 24697.80

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Resistance range 24746-24777 for 24826-845 Any GAPUP around 24826-850 range is for profit booking and risk takers short also with stop loss at 24860(C). Before moving to the 25536-25600 range, some consolidation required with profit booking is good.

Swing's 25078- 23893 78.6% at 24825

Swing's 23893-24472 161.8% at 24830

Yesterday I mentioned the same for the target 24825. Already we got 24734 high and closed at 24698. 

Stiff resistance and profit booking / short at 24825-850 range

 Banknifty 50368

STRUCKED in between 50542-49690 from 2-8-2024

same as like nifty RSI reached selling pressure

Nifty  SWING 23893-25078's 61.8% at 24625

Hourly two candle at the same place

and RSI on selling pressure with OB zone

So 24630(C) is fear zone for 24820+ with short covering