BANKNIFTY EOD chart

- trend is up

- support 31900

- resistance 35000

- ATH 37500

BANKNIFTY up 4%...poised for a breakout

 

BANKNIFTY EOD charts

- overall trend is down

- but net move in past 3 months is insignificant

- this year started with open at 32600 (approx)

- and today close is 32800

BANKNIFTY closes above recent swing high

 

BANKNIFTY EOD charts

- index takes support around 30000-30500 levels

- BNF was up 2.2% today

- overall trend is still down 

- swing high/ resistance around 32500

BANKNIFTY EOD charts

- this index has been weak for some time

- very good support around 30000

- bullishness possible above 32500

BANKNIFTY EOD charts

- trend is still down

- supports 30000-25000

- this index has been weak for some time

BANKNIFTY weekly charts

- BNF had resistance around 32500

- this year, it gave a nice breakout and is now consolidating

- now BNF is back to 32500 levels

BANKNIFTY weekly charts

- signs of buying seen at lower levels

- prev resistance/ top of 2019/2020 provides support now

- weekly close below 32400 will be negative

- note: on daily charts, trend is down

Sell signal on BANKNIFTY

- index closed below its recent swing low

- reversal level is 37500

- next support 32500

BANKNIFTY EOD chart

- trend is up

- breakout level was 32500

- this level should provide support

- swing low 30000

BANKNIFTY (futures) top down analysis on multiple timeframes

Daily charts:

- trend is up but

- the Monday flash crash due to some technical error has messed up the charts

- and possibly stopped out many traders

Hourly charts:

- a buy signal has just been formed 

- SL around 30000-30200 F

All indicators will fail in this kind of market

 BANKNIFTY F 15 min charts

BANKNIFTY technicals

- trend is up from Oct

- last month the index gained 24%

- trailing SL at     29000

BANKNIFTY EOD and hourly charts

Daily charts

- trend is up on daily charts

- this index was earlier underpeforming the nifty is now doing well

- consolidation has set in for past few days

- swing low SL around 28500

- recent all time high is around 32400

Hourly charts (futures)

- sustaining above 30000 will be bullish

- SL below 29500

BANKNIFTY breakout

 - next resistance 28000-30000

BANKNIFTY breakout

EOD charts:

Hourly chart:

BANKNIFTY weekly charts

- BNF has underperformed NIFTY massively

- not able to sustain above 24000 

- resistance 25000

BANKNIFTY daily, monthly and quarterly charts

Daily charts:

- index has underperformed the nifty

BANKNIFTY weekly charts

- index could not sustain above 24000 

- below 22000 more weakness