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BANKNIFTY

Banknifty Analysis & Prediction in DTFThis is the analysis of Banknifty in Daily Time Frame. Watch carefully. The chart explains itself. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading.
NSE:BANKNIFTY
by suraranjanganguli
14 May 2024 - BN needs a bit more thrust to go BullishBankNifty Analysis - Stance Neutral ➡️ The definition of a neutral stance was much more suited for BN rather than N50 today. See the short-range in which BN operated today and notice the slow grind. Even then the volatility was very high, take a look at the HDFC Bank price moves today. How does the elephant move like that? BankNifty may not go bullish even if 48115 resistance level is taken out, it may need a bit more thrust for a change in stance. The reason is because the downfall was quite sharp and before changing the stance, we need to make sure that a higher low is not getting formed. Algos ended the day with gains of 8064 INR. Ideally, it should have made more as the chart was stable - but the volatility ensured the premiums were skewed causing unplanned losses earlier in the day.
NSE:BANKNIFTY
by viswaram
BANKNIFTY Intraday Trade Setup For 15 May 2024BANKNIFTY Intraday Trade Setup For 15 May 2024 Bullish-Above 47950 Invalid-Below 47840 T- 48511 49050 Bearish-Below 47600 Invalid-Above 47710 T- 47000 BANKNIFTY has closed on a slight bullish note with 0.22% gain today. It was total consolidation day, index traded between 47900 and 47600 for the whole day. Nothing triggered as per trade setup today. It has regained 50 EMA in daily TF. In the weekend we discussed in detail about the possibility of halt or reversal of the downmove due to the confluence of the 50 EMA and an inverted hammer on it in daily TF. 48000 will be an important short covering level. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47950 then we will long for the target of 48510. For selling we need a 15 Min candle close below 47600. T- 47000. 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
Monopoly Courier Stock given Breakout,Which has 54% Market ShareHello Everyone, I hope you all will be doing good in your Trading and life as well. I have brought another good stock, which has given breakout with good volume on weekly timeframe, Company is industry leader in their segment, Co. is a market leader in organized air express with a market share of 54% in FY21 v/s 45% in FY15. Co. is on 4th market position in Organized Ground Express with a market share of ~17%. Company name is Blue Dart Express Limited , incorporated in 1983, is involved in transportation and door-to-door distribution of time-sensitive shipments, through an integrated ground and air transportation network. The company is regarded as South Asia’s leading courier and integrated air express package distribution company. STOCK HAS GIVEN BREAKOUT OF BULLISH TRIANGLE PATTERN STOCK IS ABOVE 200-DEMA LINE MACD IS GIVING BULLISH CROSSOVER RSI ALSO INDICATING BULLISH CROSSOVER IN STOCK (I HAVE NOT PLACED RSI ON CHART, JUST DID MY ANALYSIS) THINK FOR LONG TERM, STOCK IS GOOD TO DO SIP IN LONG TERM.. STOCK IS GIVING BEST ENTRY TO ENTER AND HOLD FOR LONG TERM. Market Cap ₹ 17,081 Cr. Current Price ₹ 7,198 High / Low ₹ 7,650 / 5,487 Stock P/E 56.7 Book Value ₹ 576 Dividend Yield 0.42 % ROCE 19.9 % ROE 23.6 % Face Value ₹ 10.0 Industry PE 56.7 Debt ₹ 1,073 Cr. EPS ₹ 127 Promoter holding 75.0 % Intrinsic Value ₹ 1,255 Pledged percentage 0.00 % EVEBITDA 19.9 Change in Prom Hold 0.00 % Profit Var 5Yrs 27.3 % Sales growth 5Years 10.7 % Return over 5years 19.1 % Debt to equity 0.78 Net profit ₹ 301 Cr. ROE 5Yr 29.6 % Profit growth -16.0 % PROS:- Company has delivered good profit growth of 27.3% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 35.1% Company has been maintaining a healthy dividend payout of 25.4% CONS:- Stock is trading at 12.5 times its book value Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BLUEDARTLong
by TraderRahulPal
KIRLOSBROS | Swing Trade📊 DETAILS Sector: Engineering - Industrial Equipments Mkt Cap: 9,247 cr Kirloskar Brothers is a part of the Kirloskar Group engaged in the business of engineering and manufacturing of systems for fluid management. The core businesses include large infrastructure projects (Water Supply, Power Plants, and Irrigation), Pumps, Valves, Motors and Hydro turbines. TTM PE : 31.22 (High PE) Sector PE : 54.25 Beta : 1.03 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 11.75% away from 52 week high Outperformer - Kirloskar Brothers up by 24.64% v/s NIFTY 50 up by 0.25% in last 1 month 📈 FINANCIALS Piotroski Score of 9/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:KIRLOSBROSLong
by Munish_Jain
BASF | Positional Trade📊 DETAILS Sector: Pesticides & Agrochemicals Mkt Cap: 13,999 cr BASF India Ltd's portfolio consists of six segments: Agricultural Solutions, Materials, Industrial solutions, Surface Technologies, Nutrition & Care and Chemicals. TTM PE : 39.44 (High PE) Sector PE : 17.32 Beta : 0.58 📚 INSIGHTS MC Insights PRO Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 4.09% away from 52 week high Outperformer - BASF India up by 7.4% v/s NIFTY 50 down by -0.43% in last 1 month 📈 FINANCIALS Piotroski Score of 5/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:BASFLong
by Munish_Jain
2
BankNifty Support & Resistance Levels for 14.05.2024BankNifty found substantial support within the second support zone highlighted in the previous post, triggering a remarkable rally of over 800 points from the day's low. The near support zone remains unchanged, spanning from 46870 to 47015, with a further support level observed at 46547, a significant Fibonacci level at 61.8%. On the resistance front, the nearest zone for BankNifty is expected between 48051 and 48146, while a more distant resistance zone lies at 48222 to 48457.
NSE:BANKNIFTYShort
by PriteshPal
13 May 2024– BankNifty rallies 858pts ~ 1.83% intraday - NEUTRALBankNifty Analysis - Stance Neutral ➡️ Just when we thought the 47465 was getting broken for good, we got a pullback. We fell 527pts ~ 1.11% by 10.39 and then the pull back was a whopping 858pts ~ 1.83%. The final close was almost the midpoint of 48115 and 47465 which prompted me to change the stance to neutral for tomorrow. The bulk of the heavy lifting came from HDFC Bank in this dramatic reversal by BN. Just when I thought HDFC may break 1425 for another round of collapse - we get a sharp reversal. It rallied an amazing 29pts ~ 2% to change the entire narrative. On the 63mts TF, BN might try to take out the 48115 resistance tomorrow itself. In case the markets figure out that the reversal was not technical but due to front running, news, or event related - we could see repeat buyers (if news was true) and a sharp fall (if the news was planted and false). Algos forward test is shown as generating 5764 INR, but the day was in loss today - this must be again due to slippage.
NSE:BANKNIFTY
by viswaram
ABB | Swing Trade📊 DETAILS Sector: Electric Equipment Mkt Cap: 104,267 cr ABB India Limited is an integrated power equipment manufacturer supplying the complete range of engineering, products, solutions and services in areas of Automation and Power technology. TTM PE : 86.26 (Average PE) Sector PE : 81.39 Beta : 0.81 📚 INSIGHTS MC Insights PRO Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 1.07% away from 52 week high Outperformer - ABB India up by 3.62% v/s NIFTY 50 up by 2.9% in last 1 month 📈 FINANCIALS Piotroski Score of 8/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:ABBLong
by Munish_Jain
2
BANKNIFTY Intraday Trade Setup For 14 May 2024BANKNIFTY Intraday Trade Setup For 14 May 2024 Bullish-Above 47850 Invalid-Below 47740 T- 48480 Bearish-Below 47200 Invalid-Above 47310 T- 46650 BANKNIFTY has closed on a bullish note with 0.74% gain today. Index respected the lower trendline support of the channel pattern it is following. In the weekend also we discussed that there is a possibility of halt or reversal due the confluence of the 50 EMA and an inverted hammer over that. Possibility of gap up looks high tomorrow. Incase it opens directly near 48500 ,it can be sold into. Best trade will be in long side above 47850. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 47850 then we will long for the target of 48480. For selling we need a 15 Min candle close below 47200. T- 46650. 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
#Banknifty direction and levels for May 13th.>Banknifty also has the same consolidation structure, but wave counts are a little bit different from Nifty. So, if the initial market takes support around the immediate support level, then we can expect a minimum of a 23% pullback wave. If you want reversal confirmation, then you can use EMA 20 or a minor fib level 38% breakout. Alternatively, if the gap-down takes a solid bearish candle, then it may continue further with minor consolidation. Even though if it reaches the demand zone, we can expect consolidation only."
NSE:BANKNIFTY
by Manickamtraders
BankNifty Support & Resistance Levels for 13.05.2024BankNifty found support within the first support zone mentioned in the previous post; however, the rebound was not significant, signaling prevailing selling pressure in the market. The immediate support is identified between 47204 and 47345, with a further support zone extending from 46870 to 47015. Additionally, an essential Fibonacci level at 61.8%, situated at 46547 (from the low of 44429 on 25.01.2024), serves as a distant support level. On the resistance front, the closest zone for BankNifty lies between 48051 and 48146, while a more distant resistance zone is observed at 48222 to 48457. Traders are advised to exercise caution and closely monitor these levels amidst the prevailing market conditions.
NSE:BANKNIFTYShort
by PriteshPal
Banknifty weekly analysis for 13/05/2024.Banknifty has been trading in a rising parallel channel which is a bearish pattern. The support trend line has been tested 4 times and it is testing it again, closing around it. Even the weekly 20 Ema is around the closing of the candle. If there is a break down on the weekly candle after 2-3 days of consolidation or halt, there is a high chances of bearish momentum is the markets. Major support/target levels:-46600, 45800 Let the market decide the trend and trade accordingly. For last 8 trading session, there is a red candle on the daily charts. A retracement or consolidation is required before any further fall in the market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty montly chart analysis for Month of April 2024.Nifty is around the ATH and there is profit booking at the higher levels. The market is spending time near the high and last week too it has test the ATH. Seller are there in the higher levels and closing of the weekly candel is dicey. Higher time frame is showing some RSI bearish divergence and market is forming grave stone doji on the daily charts. Monthly charts has not formed a red candle still and is forming doji after doji which still shows no clear bearish indication. But the price is trading on the higher levels of the bollinger band. Market participants be cautious as there seems to be a bearish month ahead. This being the election year may remain volatile till the election results. Spike may be seen in this month or the next one either side. Trend is still bullish and doji on the higher levels may indicate a reversal after a price action formation. This month was a volatile one and market didn't settle either side. There was days when market has moved more than 400 points. Last day move, is the only trending move in last 2 weeks, closing 180 points lower from the day high. Price action is needed to be formed around the higher levels on higher time frame to confirm the trend.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 13 May 2024BANKNIFTY Intraday Trade Setup For 13 May 2024 Bullish-Above 47800 Invalid-Below 47690 T- 48400 Bearish-Below 47300 Invalid-Above 47410 T- 46737 46090 BANKNIFTY has closed on a bold bearish note with 3% cut last week. In the last weekend we discussed that despite it closed with 1.5% gain there is a selling pressure from higher levels. Index is overall sell on rise till it regains previous weekly high. In daily TF index has reached 50 EMA zone and formed an inverted hammer which indicates a potential halt or reversal. To reverse it has to make a bullish price structure in hourly and daily TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 47800 then we will long for the target of 48400. For selling we need a 15 Min candle close below 47300. T- 46737 and 46090. 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
BN - already entered support zonewith strong numbers from ICICI, SBI and few other banks price must have given break out of channel on upside but its all due to RBI actions with Kotak and Draft policy etc created sell off... It looks like well-planned sell off with all big players selling. HDFC is at strong support. people who know whats going to happen next 3 months will keep selling or start buying at support. Bulls can be safe if support not broken. I do not have any positions in BN but some exposure to long side in Nifty.
NSE:BANKNIFTY
by venkatfx
10 May 2024 — BankNifty has to take out 47465 for super Bearish'BankNifty had a better kind of retracement than Nifty, but it was not able to break away from the 47465 today. More importantly, it was not even able to break down either. That signifies the importance of 47465 as a critical SR level. The behavior from open to 10.07 was quite exactly as we wrote about yesterday. This market is held by weak Bears and they run for cover very fast, unable to persist with their short position. When we connect the last 2 days of price action, the visual impression shows the continuation of bearishness. On Monday we hope the 47465 level gets broken down for the good. The next major support comes only at 46284 and if we get there — it would have to come from ICICI, AXIS & SBI as these remain the only 3 major banks that have not mean reverted. The #Banknifty algos made Rs17120 today. The high implied volatility is helping the option sellers.
NSE:BANKNIFTYShort
by viswaram