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BANKNIFTY

Bank Nifty Reversal Trade-Setup with Great RRBank Nifty is trading at big demand zone and and we see significant potential for an upside move for several reasons: Reasons for Going Long in Bank Nifty: 1. Ichimoku Daily Cloud Bottom 2. Ichimoku Weekly KS Support 3. Bullish MACD Divergence on the 1-hour time frame 4. Completing Triple Correction—WXYXZ (considering a truncated scenario; otherwise, BN might aim for the 127% and 161.8% levels mentioned in the earlier post) CMP: 49,718 Expected Targets: 51,300, 51,700 Stop Loss: 49,590 Disclaimer : We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYLong
by WaveMoku
4
Bank Nifty Next Move and Possible Reversal Zones. Bank Nifty is in a nice downtrend, and we feel it's forming a "WXYXZ" wave pattern.  Ichimoku Signals: One hour Cloud SSB rejected the price and currently trading below TS KS, indicating the bearish trend will continue and go down for wave Z, and expected destinations are: 127.2% == 49342 161.8% == 48935 Stop Loss = One hour candle above TS KS (50573) should be fine.  Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYShort
by WaveMoku
BankNifty Intraday Support & Resistance Levels for 14.08.2024On Monday, BankNifty opened with a gap down, breached the 30m Demand zone, and closed at 49831.85, losing 746 points. After yesterday's decline, the weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) has turned negative. Support Levels: Major Demand/Support Zone (Weekly): 49530 - 50253 (currently inside the zone) Far Support: 48858 level (61.8% FIBO Retracement level) Resistance Levels: Near Supply/Resistance Zone (15m): 50222 - 50268 Far Supply/Resistance Zone (15m): 51325 - 51400 (inside the 125m Supply Zone) Far Resistance Level: 51750 Far Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609
NSE:BANKNIFTY
by PriteshPal
#Banknifty directions and levels for August 14th.1st Scenario: >Even if the market opens with a gap-up, structurally it may not sustain. If this happens, we can expect the correction to continue towards the levels of 49,697 to the demand zone when it breaks the previous day’s low. >After that correction, if the market finds support around the major support levels, we might see a 23% to 38% bounce back. However, this bounce is not guaranteed; if it doesn’t occur, the correction may continue with minor consolidations. 2nd Scenario: If the gap-up sustains structurally, we can expect an initial bounce back of 23% to 38%. Usually, sharp movements bounce back within this range. If the price gets rejected at this level, the major trend will likely continue. However, if it breaks the 38% Fibonacci level solidly, the current movement may shift to a range-bound market. But the probability of this is less likely.
NSE:BANKNIFTY
by Manickamtraders
Banknifty prediction for tomorrow 14 AugAs Banknifty is showing a huge sell-off today, the market is in bearish sentiments, followed by the Heisenberg report on the SEBI chairperson. If we look at the chart now: The market is trading at the 4H-TF support trendline zone(Marked in Green) and 200 EMA (4H-TF). price is trading below the ema(13, 50, 200) shows market is in bearish phase. The market might take support here, or if it breaks down to the downside, it's going to take support at 49000 next, as can also be confirmed with OI data. Support levels : 49683, 200 EMA (4H-TF) Resistance levels : 50 EMA, 200 EMA If we look at the OI data: PCR = 0.55 shows bearish market behavior. There has been a huge PE sell-off today, which shows bulls are not trusting the market anymore and come out. There is too much CE writing at higher levels than PE writing at lower levels, which shows a high chance of a bearish market in the upcoming session. I am expecting the market to follow 3 cases which are marked on the chart. Case 1 : if it opens the gap down, it might touch the trendline and take support 49000. Case 2 : if the market opens a gap-up, it will take resistance at 50 EMA, and then it might continue the bearish momentum. Case 3: If it opens sideways, wait for the price action at the green trendline zone. Reason: RSI < 40, showing the market is going to be in a bearish structure. Price trading at 200 EMA (4H-TF), which might provide good support. PCR = 0.55 shows that the market is huge Bearish. Price < VWAP shows a Bearish market structure. Verdict : Bearish or sideways Plan of action: See the price action at the green trendline zone. There have been marked three cases.
NSE:BANKNIFTYShort
by finnova_
Banknifty weekly expiry analysis for 14/08/2024.Banknifty has closed below the 50k mark and is looking bearish on the daily charts. It is trading around the 100 ema on daily time frame, which shows some bearishness in the markets. If the market starts trading below today's low, there are chances of it testing the recent low around 49650. MA strategy and the price action both are signifying some bearish movement in the market. Hourly charts are trading below the moving averages. A bearish market will be confirmed if the market starts breaching the support levels, after a flat or slight gap up opneing. If there is a follow through candle in the market, there are chance of testing 49k levels soon. Major support levels :- 49670, 49400 Resistance levels :- 50000, 50250 Tomorrow is expiry and vix is around 16 which is good for option buyers Wait for the price action near the levels before entering the trade.
NSE:BANKNIFTY
by Mambotrade
Nifty50 weekly expiry analysis for14/08/24.Nifty is trading in a parallel channel and is around the support trendline. From the last week sell the markets recovered and are now again around the lower levels. Daily 20 ema has been creating a resistance for the market and a good rejection is seen from that level. Even on the smaller time frame, market is trading below the moving averages, which signifies a bearish market. Fibonnaci and the price action are also looking bearish on the daily charts. Tomorrow is the weekly expiry for both the indices and a chance of seeing a follow through candle are there, if there is a flat to slight gap up opening (around 24150-180). A huge gap up will create confusion and market may form a doji candle. Major support levels :- 24090, 24000, 24910 Resistance levels :- 24225, 24320 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 14 Aug 2024BANKNIFTY Intraday Trade Setup For 14 Aug 2024 Sell_1- From 50440 Invalid-Above 50550 T- 48900 Sell_2- Below 49700 Invalid-Above 49810 T- 48900 BANKNIFTY has closed on a bearish note with 1.48% cut today. Index has been trading between 54800 and 49700 in daily TF since last 7 sessions. Breakout will give us the next directional move with momentum. As of now index looks ready to dive below 49700. 48900 will be 1st target if sell triggers tomorrow. As stated many time index is still sell on rise, follow the same approach. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 4700 then we will long for the target of 48900. In case of a gap up we will short from 50440. T- 49800. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Bank-nifty Long Term Levels #InvestingCertainly! When it comes to long-term investing in Bank Nifty, here are some strategies you might find useful: Buy and Hold Strategy: This approach involves purchasing Bank Nifty index funds or individual banking stocks and holding them for an extended period. Over time, the market tends to grow, and this strategy allows you to benefit from compounding effects. Nifty Bank Index (NSEBANK): The Nifty Bank Index represents the performance of the banking sector in India. It includes major banking stocks listed on the National Stock Exchange (NSE). Here are the latest details for NSEBANK: Current Price: ₹50,578.55 Day’s Range: ₹50,149.25 - ₹50,830.70 52-Week Range: ₹42,105.40 - ₹53,357.70
NSE:BANKNIFTYLong
by Optionclub
Banknifty Long Levels #NSECertainly! The Bank Nifty (BANKNIFTY) is an index that tracks the performance of the banking sector in the Indian stock market. Here are some key points related to Bank Nifty levels: Intraday Trade Setup for August 6, 2024: Bullish Scenario: Buy above: 49,860 Stop Loss: 49,780 Targets: 49,940, 50,020, 50,100, 50,220, and 50,400 Bearish Scenario: Sell below: 49,640 Stop Loss: (not specified) Symmetric Triangle Targets Met: Bank Nifty successfully hit both targets from the recent symmetric triangle pattern within two days. It is now consolidating near the 15-minute and 1-hour support levels. Immediate Support: 49,620 Immediate Resistance: 50,420 and 50,700 Inverse Head and Shoulders (H&S) and Falling Wedge: Bank Nifty has formed a falling wedge and an inverse Head and Shoulders pattern. The crucial level of 50% retracement on the Fibonacci Levels from the bottom created on the election day result is relevant. Long Levels: Bank Nifty Index Long Levels are not specified in the provided data.
NSE:BANKNIFTY
by Optionclub
Bank nifty Levels for Intraday Certainly! Intraday trading in the Bank Nifty involves closely monitoring key levels to make informed decisions. Here are some relevant levels for today: Resistance Level: Around 50500 (expected opening level). If there’s a reversal confirmation at this level, it could lead to a bearish trend continuation, potentially resulting in a downside rally of 400-500 points. Support & Resistance Trend Lines: Consider the daily chart’s support and resistance trend lines. Additionally, keep an eye on the Previous Day High (PDH) and Previous Day Low (PDL) levels, which often act as crucial support and resistance points during live market hours. Remember that intraday trading involves risk, so always use proper risk management techniques and stay updated with real-time market movements
NSE:BANKNIFTY
by Optionclub
#Banknifty directions and levels for August 13th.Bank Nifty Analysis Bank Nifty is showing a diagonal pattern. In the previous session, it had significant swings, but they closed near neutral by the end of the day. If we simplify it, we can say it's a range market. However, structurally, it’s a diagonal pattern, and there’s no real difference between the two because both are time adjustment patterns. So, we should wait for a breakout from this range, whether to the upside or downside. If it breaks out, we can expect only a minor trend initially because the structure suggests there isn’t a big move ahead. But if we see a solid breakout candle, then we can expect stronger momentum. This forms our basic structure. However, if the range isn’t broken, the market will likely continue moving within it.
NSE:BANKNIFTY
by Manickamtraders
BankNifty Intraday Support & Resistance Levels for 13.08.2024On Monday, BankNifty opened with a minor gap down but rebounded over 650 points from the day's low, reaching a high of 50830.70 before closing at 50577.95, up by 93 points. During the session, BankNifty breached the resistance level of 50750 but could not sustain above it for long. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is negative. Support Levels: Near Demand/Support Zone (30m): 50149 - 50305 Major Demand/Support Zone (Weekly): 49530 - 50253 Far Support Level: 48858 (61.8% Fibonacci Retracement Level) Resistance Levels: Near Resistance Level: 51750 Far Supply/Resistance Zone (15m): 51325 - 51400 (inside the 125m Supply Zone) Far Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609
NSE:BANKNIFTY
by PriteshPal
FinNifty weekly expiry analysis for 13/08/24.FinNifty is trading around the round number figure of 23k and has taken resistance from 61.8% fib levels. There is a down trend confirmation in the market and sell on rise is the market cycle. For last two trading sessions market has been trading between 20 and 50 ema. If market starts trading below 22800 levels, 22600 shorting target can be achieved and further is can test the recent low fo 22480. There is not much movement or follow through after the bullish candle and the last hour fall show there are chance of market going for selling. In case of a gap up opening, the market can go for a gap filling trade upto 22350. Major support levels :- 22960, 22820 Resistance levels :- 23160, 23233 Watch for the VIX and price action near the levels before entering the markets.
NSE:CNXFINANCE
by Mambotrade
#Banknifty directions and levels for August 12th. In the previous session, Bank Nifty closed with consolidation after a significant gap-up. If the market breaks the previous high, then we can expect a minor rally, but not a big one. A big rally is expected only if the breakout occurs with a solid green candle and some consolidation around the immediate resistance level. However, if this doesn't happen, the market may reject at that level and continue in its current range, which is our first scenario. Alternatively, if the market initially declines, the 38% Fibonacci level will act as a key support. If the market finds support there, the range-bound movement may continue. On the other hand, if it breaks below the 38% level, we can expect the correction to continue.
NSE:BANKNIFTY
by Manickamtraders
Banknifty Index Long Levels #InvestingBanknifty Index Long Levels Certainly! The Bank Nifty (BANKNIFTY) is an index that tracks the performance of the banking sector in the Indian stock market. Here are some key points to consider for long-term investment: Bank Nifty ETFs: These exchange-traded funds offer easy diversification, flexibility, and low expense ratios. They can be suitable for long-term investments, potentially providing capital appreciation over time. Historical Performance: Over the last 3 years, the Bank Nifty has given better returns compared to other indices. It has rallied over 42%, while Nifty IT is up 36% and the broader Nifty has gained over 48%. You can access historical data for Bank Nifty to analyze its performance over different time intervals. Remember that investing involves risks, and it’s essential to conduct thorough research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions
NSE:BANKNIFTYLong
by Optionclub
Data Base Trading Part - 5 #StocksAn option chain lists data on calls and puts, underlying prices, strike prices, expiration, and moneyness. Call option data is listed to the right of the table. Put option data is listed to the left of the table. Strike prices are listed on rows in the centre of the table. Avoid options with low liquidity; verify volume at specific strike prices. calls grant the right to buy, while puts grant the right to sell an asset before expiration. Utilise different strategies based on market conditions; explore various options trading approaches. A call option buyer stands to profit if the underlying asset, say a stock, rises above the strike price before expiry. A put option buyer makes a profit if the price falls below the strike price before the expiration.
NSE:BANKNIFTYEducation
by Optionclub
2
Data Base Trading Part = 4 #Institutions Options chain can be defined as the listing of all option contracts. It comes with two different sections: call and put. A call option means a contract that gives you the right but does not give you the obligation to buy an underlying asset at a particular price and within the option's expiration date. An option chain trading strategy can be formulated by seeing accumulations in OI (open interest) and volumes in various option strikes. You should note, here, that open interest implies the number that tells you how many options or futures contracts are presently outstanding/open, within the market.
NSE:BANKNIFTYEducation
by Optionclub
3