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Banknifty-analysis

Trade for 14 JuneHello traders Hope you have seen the last post for entry and exit. Take a look again at yesterday post and look today's chart it has not crossed the 43950 level and on buy side it crosses 44050 level and go till 44120 level if you are smart and not greedy you have booked some points after 44050 level. Again the levels are same which are marked on chart buying is above 44160 and buying more at 44050 level because now it is support. On sell side if it breaks 44050 let it sustain below the level and take a small quantity. Mark in mind never trade against your rule, money and risk management, never trade in FOMO. Thanks
NSE:BANKNIFTY
by Green_Red_Blood
BANKNIFTY Trendline resistance Hello traders Sorry for not posting for a while. Marking the buying and selling levels on chart which is a buy above 44050 level and can hold till 44160 leval and after that marked on chart In sell side we have big targets till 43750 if it there are any bearish candle near the Trendline only then we can short with small quantity. Make sure you are trading with patience and pchycology and as per your risk because it is your hard earned money do not trade in FOMO. Let's wait and watch and have a profitable day ahead. Thanks
NSE:BANKNIFTYShort
by Green_Red_Blood
Bank Nifty - 05 June 2023Nifty and BankNifty both has closed at a Tricky place. It's difficult to identify the trend or opening. Tomorrow's session depends on opening of NSE:BANKNIFTY I'm expecting a Bullish Gap Up opening, just because the SGX:IN1! is trading more than 100 points above NSE:NIFTY *I don't consider any News or any other external factors or Indicators. I just use Plain Chart and Pure Price Action . My levels and views change depending on market opening ...!!! Trade or invest according to your analysis . This is just my view. For complete analysis watch my YouTube Channel morning after market opening. I'll be posting EOD analysis too. <----- 3MRT Trading ----->
NSE:BANKNIFTYLong
by Harish-P
PostMortem on BankNifty Today & Analysis of 27 Mar 2023There are few important aspects to the price action today. We stuck to a small range today - it would have been good for intraday straddlers & short iron-fly, iron-condor strategy deployers. So we opened inline at 39484, many would argue that it was a gap up. But i wouldnt say that because of the price action from the previous session. As soon as we hit the last session's swing low, we got a bounce of 270 pts, but this did not sustain and we fell back to the same low point. We had a second bounce of 268pts between 11.30 to 12.45 & as expected this did not sustain as well. and fell back to the low point of the day again. Now between 13.25 to 14.35 we had the 3rd bounce of 383 pts & again we could not breakthrough the 39742 level. And we fell back to the low point of the day. The important aspect in today's price action is we had 4 tests of 39300 levels today (see cyan markers from chart). And none of them gave away. I am not saying that its a bullish sign, but its an area of importance. Either the volume traded today might be too low to create any volatility to break this zone or we may need some external triggers to break down. --- On NSE:BANKNIFTY minds i made 3 posts today "$BANKNIFTY we need a break of support 38690 for strong bearish momentum" at 10.14 "$BANKNIFTY option prices are not providing clear direction" at 13.39 "$BANKNIFTY needs to take out 39742 to go bullish" at 14.39 --- 15mts TF is looking at a sideways movement, i was hoping was a retest of 38690 levels today - but that did not happen. Instead the 39300 level came to rescue. I am seriously considering to mark a new SR zone at 39310. to view all 10 charts in today's discussion visit viswaram. com --- 1hr TF is still bearish to me, agree its taking some time for the new leg to form. If there are no fundamental news triggers i am expecting the 38690 levels to be taken out this week itself. Keeping my fingers crossed
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 17 FEB 2023So today's price action confirms the move that we had yesterday was not fake. How many traders & investors would have been trapped on the long side when the 41629 resistance broke out? The prevailing trend was bearish, but when an important resistance gave away, it would have prompted lot of buyers into action. And once they deployed their funds we got the reversal. The dip could even be short term, may be it will negate in the coming week itself - but imagine the amount of money you would have lost over the last 2 days? Today's move in NSE:BANKNIFTY was nothing dramatic, agree that many would call it unexpected. But for analysts who have been following the series of events after the meltdown in Adani stocks - this should have been a not so difficult picking. Open was gap down at 41514 and the first 2 candles were in red - already doing the damage in opening 10mts. This set the trend rolling, we had a single leg of consistent fall of 1.57% ~ 652pts till 13.40.  The selling stopped near the 1st support level of 40868 and we also had a brief pull back of 0.65% ~ 267pts from 13.45 to 15.10.  This pull back ensured that the total fall of NSE:BANKNIFTY was only 1.2% ~ 499pts which is not so bad either. But there are some interesting things that happened The spike in volume of CE options traded, showing intense writing. The volumes spiked just after NSE:BANKNIFTY made the pull back ensuring the option sellers got good premiums too. The drop in options premium on the PE side after 14.50 aiding the view that the dip may not have further deep legs. If today's fall was that dramatic then the PE options should have retained their higher premiums. It can also be true that the premiums could spike on monday or tuesday if we have continuation pattern. And most of you would have seen the % spikes PE premiums hit. --- 15mts TF has negated the small bullish view that it had on 15th. From there we had 1 support break & retest of the 2nd support level. --- 1hr TF may be showing the range widening possibilities in the coming weeks. This could be because the selling came in only when NSE:BANKNIFTY went over the resistance - a common phenomenon associated when sellers are in control.
NSE:BANKNIFTY
by viswaram
Banknifty Possible Trade for Friday Banknifty Support and Resistance For Day Trading 17 feb 2023 Support Zones Frist Support Level For For Long Banknifty - 41645 -41690 Second Support Level For Long Banknifty - 41240 - 41280 Third Support Level For Long Banknifty - 40760 - 40800 Resistance Zones First Resistance Level For Short Banknifty - 41920 -41970 Second Resistance Level For Short Banknifty - 42235 -42275 Third Resistance Level For Short Banknifty - 42675 -42700 Importent Signal for Banknifty Trading from Option Chain Data Analysis Max Pain As per Option Chain Analysis – 41700 PCR ratio as per Option Chain Analysis – 0.76 ( Bullish ) Major Support as Per Banknifty Open Interest Analysis – 40800 Major Resistance as Per Banknifty Open Interest Analysis – 42300 Conclusion For Next Trading Days Bankifty is given Bulish Move Rejected From Budget Day High , If closes above Budget Day High ,then you can go long with Stoploss of budget day High Try To Buy Future Conract or Call Option Near Support Zone and Book Profit At Rsistance Zone Try to Short Banknifty at every Resistaance and Book Profit Near Support Zone Adani Group issue is major concern for market for now . Stock Market Confirm News Edelweiss Mutual Fund raises stake in Yes Bank shares in Jan 2023 Govt cuts windfall tax on crude oil, ATF, export of diesel Indian Railway Finance Corporation (IRFC) stock of Indian Railways fell 2 per cent , It is a Finance Providing Company for Indian Rail .
NSE:BANKNIFTY
by manojshinde27
Nifty Expiry Day Pre Market 13/10/2022 Episode 1Good Morning Everyone, If we observe the chart in 30 min time frame we can see a head&shoulder pattern followed by a beautiful breakdown and an excellent retest to😁. Retest is in the form of one of the triangular patterns. -->Look at the big red breakdown candles. So most people would have shorted CE's or bought PE's. -->If the price breakout of the pattern to the upside it will just go into a major supply zone. If any rejection from there it will move the market down. -->So don't be over excited about break out please look for levels where bulls/bears might get trapped and play accordingly otherwise we will get trapped. -->17035 levels is last swing low in smaller time frame ,breaking this level will make bulls to exit their longs. -->From my Side just want to give you two levels 17210-15 & 17035-40 When the price is near these two lines plan your trade. -->If the price is above the line BUY if the price is below the line SELL -->Don't curse me for giving all the directions its just that we should respect every possibility before market opening at least. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES. If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
NSE:NIFTY
by Mo-Kri