BANK-NIFTY
Nifty & Bank Nifty Prediction for Tomorrow, 12 Jan 2022The Nifty futures price opened at 18026.65, making a negative opening of 21.55 points. It has touched an intraday high at 18121 and a day’s low at 17994.75.
The Bank Nifty futures opened at 38477.85, It made a positive opening of 9.5 points today. It has touched an intraday high at 38634.95 and a day’s low at 38180.
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18150 whereas All Down Moves Initiates Short Covering (Buy) @ 18040
If the Nifty futures share price Moves Above 18115 and sustain. Then you should Buy with 1st Target of 18146 during the day with a Stop Loss of 18094 FOR the Target of 18146- 18176- 18209.
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 38900 whereas All Down Moves Initiates Short Covering (Buy) @ 38200.
Suppose the Bank Nifty futures Moves Above 38725 and sustain, then you should Buy with the 1st Target of 38835 during the day with a Stop Loss of 38640 the Target of 38835 – 38976 – 39150.
bank niftyHTF bias for Bank nifty is still bearish, hence i expect once again bear run tomorrow...
if we have Gap up opening - then we can expect price to react at H1 Supply from there we can look for SELLS
- if price broke H1 Supply we can look for counter trend buys from H1 block though its a risky one (as price will be in premium zone)
If we have Gap down opening - then we can expect the Sells from either H1 BB/SnR zone or any other OB responsible for BOS
Will Nifty end the week below 17000? NIFTY 50 EOD ANALYSIS 15-12-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17323.65
H 17351.20
L 17192.20
C 17221.40
EOD -103.50 points / -0.60%
SGX Nifty 15-12-21 @ 1930h = Flat
FII DII = -2,354 Crores
CHART BASED CONCLUSIONS using 5 Minutes Chart
Nifty opened with a mild gap up and as usual, it was sold in to and heavily as it breached 17200 as well.
It then managed to recover well but hit an intraday resistance around 17280 and fell back again closer to 17200.
It yet again bounced back and this time made a desperate attempt to retest the previou close which failed and then it fell almost 100 points to end below 17250.
It was a very choppy day yet again.
In the process, Nifty has made yet another lower high and yet another lower low.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 14
Top 5 Draggers contributed = 58
Net = -44
BANK NIFTY WEIGHT LIFTERS & DRAGGERS
Top 3 Lifters contributed = 24
Top 3 Draggers contributed = 159
Net = -135
POSITIVES
Kotak Bank looks good and ended up 1%+ amidst intense pressure.
NEGATIVES
Reliance yet again ended below 2400 and this is going to weigh a lot on Nifty performance.
India Vix has gone up.
HDFC Bank is unable to sustain 1500+ levels.
HDFC gets hammered upon every rise.
IT big heads were under extreme selling pressure.
Bank Nifty ended below the important level of 36800 and Nifty well below 17300.
Net FII DII numbers are more than -2,000 Crores.
TRADING RANGE FOR 15 Dec 21
Nifty Support = In view of the continued selling pressure, I move down the supports to 17050-100.
Should this break, 16750-850 may open up as a support.
Nifty resistance = 17300-380-400-450-500.
Bank Nifty Support = 36200-500-800
Bank Nifty resistance = 37000-200-500-700
INSIGHTS / OBSERVATIONS
Just because FTSE was in the red, our indices were made to fall in the last 45 minutes or so. This is what I could gather as the fall came from around key potential breakout levels that could have changed the color of the EOD prices.
I have a feeling of course based on my readings that whenever indices end the session near day's low, they tend to bounce back the following day. Let's see how it unfolds tomorrow.
The last time Bank Nifty made a low at or above 37000 was on 25 Nov - so much is the negativity being experienced by the index. Tomorrow is the weekly expiry so either has the potential to register a low above 37K or simply fall further.
Even though Bank Nifty has ended below 36800, as mentioned in my weekly analysis, Bank Nifty is outperforming Nifty for now as for Nfty, the pressure is oncoming from HDFC, Reliance and now from the IT big heads.
What do you feel about this?
Here is the video link –
Thank you, and Happy Money Making!
Umesh
15-12-21
NOTE --
This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
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bank nifty 10-12-2021as we can see in the chart bank nifty work in two channels
1st one down trend channel
2nd one up trend channel
now what to do
as per daily chart price action bank nifty still in down trend
so we simple take opportunities for sell
where to sell
possible level to sell cmp 37203
1st near 37400 for tgt of 36891 with sl 37600
2nd near 36860 for tgt of 36200 with sl 37000
now
where to buy
1st near 36200 for tgt of 37000 with sl 35800
2ns near 36900 for tgt of 37800 with sl 36860
1st let the market to come near our levels then we decide what trade we take
Bank Nifty breaking trendline Big UPMOVE expected above 36700NSE:BANKNIFTY is about to break trendline forming from last 40 days. Breaking this trend line could lead to Quick Big Upmove. . Safe traders can wait for entery above 100 Days EMA The Stoploss should be below last swing. The Resistance levels are mentioned on the charts.
Enter For Long Trade above :
ENTRY - 36600 ( Candle Closing )
SL - 36350 - 36200 ( According to risk capacity )
Minimum RR - 1:1
Resistance 1 - 37300
Resistance 2 - 37800
BANK NIFTY 12TH NOVThis channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
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Maverick Trader
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WEEKLY BREAKOUT IN INDUSIND BANK Large cap stock
We can see a good breakout in this stock in the weekly time frame and a good bullish move after the retest and the weekly candle closed with a good volume we can expect a further good move in the stock price as the company is giving its Highest ever profit and the stock CMP is 42% lower then its all time high.