Bank nifty 13-11-2024

 

Stiff resistance 51500(C) and 50200 good support

Consolidation  7/10/24 to 12/11/2024

with levels 52500 to 51262 and 50900

The only positive on Banknifty is holding 

current swings 38.2% on the weekly chart

CASH Bank Nifty chart Analysis for 08-11-2024

 

Banknifty CASH 51916.50

Current Banknifty Sswing 50194-52577 bounced from 61.8% (51104) 3 times and 

bounced from 78.6% at 50703, one time,  both good support  for the TGT 53215-54049+

As like 24440 nifty key for bank nifty 51600(C)

Banknifty 50985.70

Lower top trend line resistance at 51256

so long only on closing basis above this level
 

 Banknifty 50685

======================================

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

Bank nifty 50803.10

======================================

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 Chart

26100 key level for down trend, breakout above 26700(C)

10550 key for down trend , breakout above 10800(C)

both levels are on closing basis

Nifty Chart

 Key level for upside 25220(C)                   Key level for down side 24900(C)

So key for down side close below 10350 & 

      key for up side close above 10491

Nifty Chart

Banknifty hit resistance

Nifty Holding key levels

Banknifty Chart

positive divergence 

BREAKOUT

Retracement levels

Bank Nifty Chart

Bank nifty Range bound 

Bank Nifty Chart

Banknifty Hold above negative breakout line.
First hurdle to move up at 17125-45.  This swing may reach minimum
Target 17673-714+

Good support at 16759-16690.  In between may it test the supportive TL
again.  once reached 17200 then possible for again to re-test the line.

Then single move to 17600-700+.  Expected move also mentioned over the
chart buy Doted lines.  Noted Delivery volume 72%.    Wait and Watch for
the move.

Banknifty Chart

                                EXACTly bounced from supporthttps://www.facebook.com/photo.php?fbid=1488534054800398&set=a.1403889543264850.1073741827.100009314538993&type=1
 RSI at resistance, Not sustained above 16662. 
                                16450 good support. Delivery Volume 53% [so almost equal fight 
                                 by Bulls and Bears]. Rsi at 40 [no strength to break the 
                                 Resistance] MA-10 at 16643 and MA-13 at 16782. 
                                16200 Fibo weekly support. so breakout ranges 16200 and 
                                16800 for further up or down. MF at OSZ. so possibilities are 
                                 for consolidation with negative bias. Above resistance max 
                                17150-200 some profit booking. Check with your charts

Bank Nifty

Close above first resistance will be required to move further towards tgt 19253+

Bank Nifty Chart

                               Final / Swing TARGET date in  between 13th JUL - 16th JUL
                             
                               Today 161.8% of the short term time zone (1st JUN - 12th JUN)

                                                   Short term breakout  support at 18454-18430
                                                   Mid term resistance at 18690-18715

BANK NIFTY CHART

Check yesterdays high 471 points from high and recovered

range bound as like NIFTY

Bank Nifty Chart

As like nifty's positive breakout support here 17500 act

as a breakout support.  18280 below will be negative

to bank nifty for 800 points

Bank Nifty Chart

18930 stiff resistance for Bank  nifty [cash]

Bank Nifty CHART

Healthy correction ahead for the swing 20934-18294 in bank nifty future, it reflects in bank stocks, Accumulate bank stocks around supports  for the new highs, Resistance range 18917-19050 second resistance 19311-19325 then Support range 17289 second support 16791-16663, in worst case 16003,

Bank Nifty Chart

Cmp-9703
Support 9487-9400
today max lower side expected 9590-9550

Trend Reversal support 9379-9350

Trend reversal resistance 10421-10450