BANKNIFTY-TIPS
Postmortem on #BankNifty - 26 SEP 2022BankNifty opened gap down at 39027 breaking the support level of 39327. Tried to recover in the 1st and 3rd candle but the selling pressure was so heavy that it couldnt keep up.
What happened from 9.25 to 11.05 was strong selling that even resulted in the 2nd level of support being taken out.
This is the 2nd time that BN is taking out 2 support levels in the same day, which really talks about the situation we are in.
From 11.10 to 13.10 BN made a good recovery breaking through the new resistance line of 38698, for a moment this recovery looked more promising than the first 15mts.
The level of shorting was very much evident with the volume of OTM CE traded today. This could be the reason that the pullback was dozed off at 13.15 and also at 14.25
The final closing was just below the support line, as pointed out BN has taken out 2 support lines today which should be an event to look for this week.
The 5mts TF for the previous days - shows bearishness.
TradingView Chart
1hr TF starting to show the bearishness now, esp when the session had a good gap down. remember what i said with the 38700 support level on 23rd - click here
TradingView Chart
Bank nifty important support and resistance lines
s1:37946, s2: 37247
r1: 38698, r2: 39326
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no predictions, no trade recommendations !
Niftybank 22 September closing Banknifty nutral points 40888to 41067
R1 41248
R2 41478
R3 41837
S1 40626
S2 40289
S3 40000
Important point
1.We are not SEBI registered advisor.
2. Theses support and resistance is for education purpose only.
3. We are not responsible for any profit and losses.
4. Kindly take trade according to your risk appetite.
BankNifty ShortI hope you can now see how Banknifty represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BANKNIFTY Levels for Monday !🛑 Bank nifty trading above all the moving averages ie . 21 day, 50 day , and 100 day
- Bank Nifty weekly 37750
🛑 keys Levels to watch out for day traders
- resistance is at 39500 - 39550
-with the stop loss of 39350
- we can see target of 39800
- Support Levels is at 38800 - 38900
- with SL of 39000
- we can see Target of 38500
🛑first immediate support level will be 39000 where banknifty become weak on intraday day basis below these level
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have a nice day
Banknifty Target and Prediction-Intraday 8 thJune Check out daily Nifty and Banknifty Target for Intraday & Prediction for Tomorrow.These Forecast are based on some of the most used Technical Indicators; hence, they are expected to give accurate predictions.
This Index Target, Forecast or Predictions should be used only for reference & educational purposes. The Data or Information provided may or may not be accurate or reliable for Investment & hence, should be used at one’s own risk
Bank Nifty Intraday Trade Setup | 11th Feb 2021As we analyzed yesterday, BankNifty gave a sell trade today and took a bounce nearby our support level 35600. BankNifty is still in 1000 points range and we may get a big move (1000 points or above) once the range would break. Until now, we can play within that range and tomorrow is the weekly expiry so I am expecting the side ways market until 1:30pm.
In today's session, our sell trade initiated and we booked 300 points today.
Resistance: 36500
Support: 35400
Intraday levels for tomorrow:
Buy Above 36060 for the targets of 36180, 36290, and 36400. SL for the Buy Trade would be 35950.
Sell Below 35700 for the targets of 35600, 35500, and 35400. SL for the Sell Trade would be 35810.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bank Nifty Intraday Trade Setup | 10th Feb 2021As we analyzed sellers are getting active near 36500 levels and we again saw the rejection today. BankNifty is trading in a range and forming an indecision candle for the last 2-3 sessions, we may see a good one side move in this week.
In today's session, our sell trade initiated and we booked 150 points today.
Resistance: 36500
Support: 35600
Intraday levels for tomorrow:
Buy Above 36150 for the targets of 36250, 36350, and 36450. SL for the Buy Trade would be 36040.
Sell Below 35900 for the targets of 35800, 35700, and 35600. SL for the Sell Trade would be 36010.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bank Nifty Intraday Trade Setup | Feb 4th 2021As we analyzed yesterday, BankNifty opened with a minor Gap up, felt, and took support near our level of 34000. Immediately it bounced to 34400 levels and after some time our buy trade initiated and all 3 targets met. For tomorrow, I think we BankNifty would open flat.
Resistance - 35050
Support - 34400
Intraday levels for tomorrow:
Buy Above 34800 for the targets of 34900, 35000, and 35100. SL for the Buy Trade would be 34690.
Sell Below 34600 for the targets of 34500, 34400, and 34300. SL for the Sell Trade would be 34710.
Note - No trading zone is marked with yellow color.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANKNIFTY long I hope you can now see how BANKNIFTY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
BANK NIFTY Bearish!! Short it with a huge target !!!Hii this is trader Kanishk
This is BANK NIFTY
Here the phase is very volatile and we don't have to took long position in bank nifty.
With till it breaks the trend line and then short it.
this is a bear market phase and this is not the recovery this is the bullish trap .
so please avoid yourself to put the long positional trade at this time without any confirmation.
Please watch this video complete and follow all the steps .
Please do the multi timeframe analysis during these type of phases .
Guys let me know you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio more than this . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
Guys you can also follow me on twitter for any queries.