Bank Nifty For 10-Julyin my view, Bnaknifty looks suitable for short poison.
If it makes any Price action for the long side I will trade with a small lot size, I am looking for short-side poison but still, wait for any price action
BANK
Banknifty weekly analysis for 10/07/23.Banknifty in the last trading session has started trading below 45000 levels and closed below it.
It has formed a gravestone doji on the weekly charts and broke the recent support level around 45050 levels.
Market consolidated on the higher levels and has given a break down. If the market are there for a healthy retracement, it will reverse after testing 44400-44600 levels.
Though, the index was weak as compare to another index and has closed 415 points lower in the last trading session.
On the hourly time frame, the market has started trading below the 20 ema and gave a retest of the level taking rejection from the same.
Support :- 44860, 44710, 44450
Resistance :- 45050, 45210
The supports are nearby and the markets are here for retracement. Use fibonacci to find the reversal levels.
RSI indicator is showing some negative sentiment as there is a bearish divergence.
Wait for the price action near the levels before entering the market.
HDFC BANK UPSIDE /DOWNSIDE TARGET in comming days/monthHDCF failure HH. and making double top
If sustain above lower trendline it may touched upper trendline & target will be 1840
Note: HDFC bank break out lower trendline & it make comes at 1542-1500 level in comming days/weeks. short time may go for retest of lower trend line than will go for downside.
This is only educational purpose only
Weakly breakout on nifty farma Niftya farm had given weekly breakout from its multiple attempted zone.
With the help of #REDDYLAB #APOLLOHOSPITAL #SUN FARMA
It has strong momentum
Bank nifty prediction for intradayHigh 44355
Low 43950
Bank nifty intraday lavel
22/05/2023
First half
44300 PE
Sl 40 point Target 100 point
Second half
43900 CE
SL 30 point target 80 point
PostMortem on BankNifty Today & Analysis of 18 MAY 2023 expiryWeekly Analysis
In this expiry week, 12th to 18th May banknifty has moved up only 0.61% ~ 263pts. We have hit an important milestone this week though, 0.10 pts shy of all time high - 44151.7 on 15th.
Banknifty is immensely bullish considering how Nifty50 is behaving. A trader on 15th or 16th would have normally expected BN to surpass the ATH to hit new records. The pull back of 380pts from the swing high is mainly because of the negative sentiment of Nifty50.
It could even be a normal profit booking after a breathless run, and as banknifty has not tested the support on 17th or today - the bull run should stay intact.
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Today's Analysis
We had a gradually declining day today after the gap up open at 44006. The price action may appear negative due to the falling shape, but we still ended the day in green.
There was a 272pt abrupt fall between 13.40 to 13.50 i.e. in the 10mts window - this looked like a warning shot. esp because the volumes also surged. Later on I read the news that SBIN results were declared. An there was a swing of 2.61% ~ 15.5 pts in this period.
Luckily 43800 PE spiked helping many traders book a zero-to-hero kind of profit. This surge came totally unexpected. It surged 591% from 14.55 to 101.9. It also goes to prove that option sellers should not take things lightly - surges like this could really wipe out the hard earned money.
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15mts TF is not looking fully bullish, although today's gap up would have given lot of hope for the bulls - it did not really sustain. Also a falling price action may also indicate the tiredness.
Is the ATH breaking out getting delayed and markets in a phase of indecisiveness?
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1hr TF is not really showing signs of slowing down either. Visually examining the moving average will also give you a fair idea - the slope is good and its increasing in value.
The shorter term EMA once it starts dipping will give us a fair warning to reconsider our bullish stance.
Nifty Futures Levels 18th May 2023Data suggests a Sideways Market for 18th. So would be looking to short incase I find a rejection with confirmation at any of the resistance levels shown. The opening of the trade would suggest the course of action. 18100 is a strong support and a break of that may give a good downward movement. Need to keep a watch on any addition in put or call writing during the course of the day. Accordingly one can make a strategy to play out this expiry.
Banknifty Levels 18th May 2023Data suggests a Sideways Market for 18th. So would be looking to short incase I find a rejection with confirmation at any of the resistance levels shown. The opening of the trade would suggest the course of action. 43450---43500 is a strong support and a break of that may give a good downward movement. Need to keep a watch on any addition in put or call writing during the course of the day. Accordingly one can make a strategy to play out this expiry.
Bank nifty sidway? Intraday lavel44100 PE
Sl 35 Point
Target 200 point
High 44180
Low 43800
Close 43840
Intraday lavel range 16/05/2023
Bank Nifty Analysis!!!As US bank are performing worse since the '08.
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There can be very much possible it can affect indian markets too.
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First there is a Bearish Divergence on Weekly timeframe between RSI and NSE:BANKNIFTY Price.
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With the help of Fixed Range volume profile there is much trading happened at the level of 35000 rupees.
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Fib Retracement level of 38.2 is around 34000.
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Anchored VWAP Which is genrally calculated from last crash in market which was '20 Crash is showing support around 32300.
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According to Theory of Mean reversion 200 EMA on weekly time frame is at 34300 and on 1Day it is at 40600.
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BankNifty is one of the main force which is the reason for the rally in NSE:NIFTY .
AU SMALL FINANCE BANK BRAKEOUTTTTThis posts are my personally traded stocks daily,I take trade mostly in all the stocks which i post and many more too which i am unable to post,as tradeing view limits my post to only 10 stocks per day,Some hits stoploss,some hits trailing stop loss,some give targets,some ends in cost to cost,some give Very huge profits too,So dont judge this channel on any one trade or one day,U take average of all trades and see the average returns,I am not responsible for any kind of losses or profits u face,PLEASE TRADE ON YOUR OWN RISK.
BUY ABOVE HIGH OF BRAKEOUT CANDLE
BUY AT 705.05
SL AT 690.95
AXIS BANK BREAKDOWNNNNNNNNAXIS BANK BIG STRONG BREAKDOWN MAY BE DUE TO RESULTS,AS per our technical analysis short if it crosses breakdown candle low below on tuesday with minimum 1:2 take profit
Bank nifty shortbank nifty shows a reversal pattern on 15 min frame and this is bearish pole and flag pattern, yes it also has M pattern in the making if you see the recent swing.
BANK NIFTY Reaching important level bank nifty for tomorrowBANK NIFTY REACHING IMPORTANT REACTION LEVEL FOR 13/04/2023
as you can see it is reaching the first reaction level on my chart ,, I am expecting some retracement or be sideways tomorrow be alert at 41650
watch this live support and resistance levels on multiple time frame in single view by clicking below link on youtube
Bank Nifty April 6th Expiry LevelsBank Nifty Levels
Support - 40100
Resistance - 40650 - 40750, 41200
[INTRADAY] #BANKNIFTY PE & CE Levels(29/03/2023)Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 39550 level then possible upside rally of 400-500 points upto 39950 Level. And this rally can extend for another 400 points if it gives breakout of 40050 level. Any Major downside only expected in case banknifty starts trading below 39450 level.
Bank nifty analysis Bank nifty view base on Andrews pitchfork . The best leading indicator based on Newton third law
Banknifty Future Intraday & Positional viewBanknifty may continue to decline in April. In the month of April, one small candle might form. Banknifty will be bullish in the months of May, June, and July. Banknifty could decline until 38000–37500. Consequently, one could take part in positional long trade in May..My target is 42000, 44000, 45000,46000
[INTRADAY] #BANKNIFTY PE & CE Levels(21/03/2023)Today will be a gap up opening in BANKNIFTY. Expected opening above 39550 Level. After opening if banknifty sustain above this level then possible upside rally of 400-500 points upto 39950 Level. And this rally can extend for another 400 points if it gives breakout of 40050 level. Any Major downside only expected in case banknifty starts trading below 39450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(14/03/2023)Today will be a gap up opening in BANKNIFTY. Expected opening below 39950 Level. After opening possible reversal of 400-500 points from 39850. And this can extend for another 400 points if it gives breakdown of 39450 level. Any Bullish rally is only expected in case banknifty starts trading and sustains above 40050 level.
bank nifty stya blw 40500 sell on rise looks dwn 40110-39670bank nifty stya blw 40500 sell on rise looks dwn 40110-39670 sl 40856 as per trend line breakout
