BANKNIFTY INDEX MAGICAL LEVELS FOR 29-09-23

٢٨ سبتمبر ٢٠٢٣

The plotted levels on the chart should be considered only when BANKNIFTY opens flat on 29-09-2023.

If BANKNIFTY opens GAP-UP or GAP-DOWN on 29-09-2023 then the following calculations must be considered:

Level 1 = OPEN PRICE (29-SEP) -78.80
Level 2 = OPEN PRICE (29-SEP) -235.75
Level 3 = OPEN PRICE (29-SEP) - 117.80
Level 4 = OPEN PRICE (29-SEP) + 78.80
Level 5 = OPEN PRICE (29-SEP) + 235.75
Level 6 = OPEN PRICE (29-SEP) + 117.80
Level 7 = (Level 1 + Level 2) / 2
Level 8 = (Level 4 + Level 5) / 2

The yellow, purple, and white coloured lines plotted on the attached chart are strong reversal levels.

DISCLAIMER: This idea is only for educational purpose.

٢٩ سبتمبر ٢٠٢٣

ملاحظة

44602.50 is the most important level now. If this level is broken, more upward movement is expected and BANKNIFTY might be unidirectional for the rest of the day.

٢٩ سبتمبر ٢٠٢٣

ملاحظة

44764.50 is very important level for BANKNIFTY now. if price sustains over this level then sky is the limit for BANKNIFTY for rest of the day.