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Bankniftyanalysis

BankNifty Support & Resistance Levels for 18.06.2024BankNifty closed at the psychological level of 50,000 after testing the near-demand zone mentioned in the previous post. The weekly trend (50 SMA) is positive, while the daily trend is sideways. Support Levels: Near Support/Demand Zone (15m): 49,693 - 49,778 Far Small Support/Demand Zone (15m): 49,225 - 49,451 Far Support Zone (15m): 48,801 - 49,055 (tested multiple times) Resistance Levels: Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20
NSE:BANKNIFTY
by PriteshPal
BANKNIFTY Intraday Trade Setup For 17 Jun 2024BANKNIFTY Intraday Trade Setup For 17 Jun 2024 Bullish-Above 50260 Invalid-Below 50150 T- 50750 Bearish-Below 49690 Invalid-Above 49800 T- 49200 BANKNIFTY has closed on with a slight gain of 0.41% gain last week. We already discussed that probability of an inside candle is very high last week, inside candle represents contraction. Next week 49500 looks an important level for a downside trigger in short term. Below 49500 index may start a bearish journey in daily TF. Index has formed a stiff ceiling @ 50250 so above this we may witness a bullish breakout move. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 50260 then we will long for the target of 50750. For selling we need a 15 Min candle close below 49690. T- 49200. 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
Nifty & Bank Nifty Analysis For Next Week 17-21 June 2024In this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTY
by TheStockMantra
2
Banknifty Prediction for tomorrow (Monday) 17 JunAs we discussed in the morning, BANKNIFTY ended up sideways. If we look at the chart now: The market is indecisive, as neither bulls nor bears are able to move the market in a direction. The market is taking support at 50 EMA(15 min TF). If it breaks to the downside, we might get a good bearish fall til 200 EMA. Support levels: 49929, 49704, and 200-EMA resistance levels: 50086 and 50213 If we look at the OI data: PCR = 0.94, which has increased from 0.74, shows a Bullish sign in the market. 50000 is working as max-pain. On the Lower side, there is significantly more PE writing than CE writing at higher levels, as can be seen in the attached image. I am expecting the market: Case 1: Sideways in range 49229 - 50086. Case 2: Bearish if it breaks 49229 to the downside. Reason: RSI 46-60 shows a sideways structure. Price < EMA(13) but greater than EMA(200), which indicates the market can correct itself till 200 EMA. PCR = 0.94, which has increased from 0.74, shows a mild bullish sign in the market. Price ~= VWAP shows an indecisive market structure. Verdict: Indecisive Case 1: Sideways in range 49929 - 50086. Case 2: Bearish if it breaks 49929 to the downside. Plan of action: Case 1 : Sideways: Sell 49900 PE & 50100 CE (Hedge it with 20/- premium options) Case 2 : Exit 49900 PE if it breaks to the downside.
NSE:BANKNIFTY
by finnova_
3
Banknifty prediction for today 14 JunAs we discussed yesterday, BankNifty spent on an up-trending channel and ended sideways. If we look at the chart now: The market is in the channel right now. If it breaks down to the downside, it will give a nice bearish momentum. Support levels: 49778, 49255, and 49052 resistance levels: 50102 and 50202 If we look at the OI data: PCR = 0.74, which has decreased from 0.87, shows a mild bearish sign in the market. There is no such max-pain, which means the market can easily achieve 49500. On the higher side, 50000 has very good CE writing, which is also at the psychological level. The market only has PE on 49000. The option chain seems fully bearish. VIX has also decreased significantly, which indicates volatility is being controlled. I am expecting the market: Case 1: Sideways in channel. Case 2: Bearish if it breaks the channel to the downside. Reason: RSI 46-60 shows a sideways structure. Price < EMA(13) but greater than EMA(200), which indicates the market can correct itself till 200 EMA. EMA Bearish crossover of EMA(13, 50). PCR = 0.74, which has decreased from 0.87, shows a mild bearish sign in the market. Price ~= VWAP shows an indecisive market structure. Verdict: Sideways in channel. Bearish if it breaks the channel to the downside. Plan of action: Case 1 : Sideways: Sell 49800 PE & 49900 CE (Hedge it with 20/- premium options) Case 2 : Exit 49900 PE if it breaks to the downside.
NSE:BANKNIFTYShort
by finnova_
3
BankNifty Support & Resistance Levels for 14.06.2024BankNifty opened with a gap-up at 50,179 yesterday, landing inside the 15m supply zone (50,129 - 50,227) mentioned previously. This caused selling pressure, leading to a close at almost the day's low of 49,846.70. The weekly trend (50 SMA) remains positive, while the daily trend is sideways. Support Levels: Near Support/Demand Zone (15m Tested): 49,728 - 49,860 (This zone has been tested multiple times) Far Small Support/Demand Zone (15m): 49,225 - 49,451 Far Support Zone (15m): 48,801 - 49,055 (This zone has been tested multiple times) Resistance Levels: Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20 Note: Lower time frame tested zones are less reliable in terms of strength.
NSE:BANKNIFTY
by PriteshPal
#Banknifty directions and levels for June 14th.Bank Nifty doesn't have a diagonal structure; it's a consolidation. So, it might continue its 4th wave. We need not think big; simply, it’s a range market, so mostly the range will likely continue. However, if you want some precise levels, if the market breaks the immediate support or resistance, we can try a range breakout entry. However, the range market is difficult for trading. If you believe it could go to the next level, then only you should enter there.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 14 Jun 2024BANKNIFTY Intraday Trade Setup For 14 Jun 2024 Bullish-Above 50300 Invalid-Below 50190 T- 51000 Bearish-Below 49750 Invalid-Above 49860 T- 49230 BANKNIFTY has closed once again on flat note with minor cut of 0.1% today. Since 7 Jun it is closing exactly near same level everyday. However we have already discussed the possibility of compressed move this week on Monday itself. We have a holiday on Monday so there will be multiple expires which may result in random moves. 50300 and 49750 is the range to look for breakout. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 50300 then we will long for the target of 51k. For selling we need a 15 min candle close below 49750. T- 49230. 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
13 June 2024 - BankNifty is not making a new top, bulls tired?BankNifty Stance Bullish ⬆️ The stance of banknifty is still bullish, but the pattern is not like Nifty50. Banks are a bit weaker than Nifty. If you notice today, Nifty50 hits its intraday low around 11.20 whereas BN hit it around 15.00. Till 11.20 both N50 and BN were moving alike after which BN did not recover but kept melting down slowly. Still, we ended the day almost flat, thanks to the gap up open. Last year we had a similar repetitive pattern, open high and then close the day near the previous day's close. Much of the action is happening outside of market hours prompting a gap. BankNifty is yet to reclaim its top of 51133, seems like it may take a bit longer. I am still sticking to the view of 11th June, where we said we would switch the stance to neutral if BN is unable to break free from these levels.
NSE:BANKNIFTYLong
by viswaram
Bank Nifty 14-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of PDL Sell - with the rejection of PDL Major Support - Around 495## Major Resistance - Around 525## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Nifty & Bank Nifty Analysis For 14 June 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:BANKNIFTYShort
by TheStockMantra
2
#Banknifty directions and levels for June 13th.Good morning, friends! 🌺🍬 Here are the directions for June 13th: There are still no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 83 points. Both Nifty and Bank Nifty still have the same range-bound sentiment. As per the wave structure, the consolidation might be the 4th correction and a 5th ending diagonal pattern. So today, if the pullback rejects around the immediate resistance level (50347 for banknifty), we can expect a trend reversal. If you want confirmation of the reversal, you can apply EMA20 or a 38% Fibonacci level breakout in the minor swing. If you feel this signal shows slow movement, you can use structure analysis. If the pullback moves with grinding, it might reverse there. However, everything is a possibility for reversal. We can also see a continuation variation: if the pullback sustains there or if it has a sharp and solid structure, then the pullback will likely continue further. This is the first variation, meaning if the market sustains the gap-up, we can expect these sentiments. On the other hand, if the gap-up doesn't sustain or if it declines initially, then the range-bound market might continue further.
NSE:BANKNIFTY
by Manickamtraders
BankNifty Support & Resistance Levels for 13.06.2024BankNifty broke the intraday supply zone (15m) yesterday, reaching a high of 50,233. However, due to selling pressure from the major resistance zone (Daily) mentioned in earlier posts, it could not sustain and close above the 50,000 mark. BankNifty closed near the 15m demand/support zone created yesterday. If this support holds, we might see fresh buying in BankNifty. The weekly trend (50 SMA) is positive, while the daily trend remains sideways. Support/Demand Levels: Near Support/Demand Zone (15m, Tested): 49,728 - 49,860 Far Small Support/Demand Zone (15m): 49,225 - 49,451 Far Support Zone (15m): 48,801 - 49,055 Resistance/Supply Levels: Near Minor Supply/Resistance Zone (15m): 50,129 - 50,227 Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20
NSE:BANKNIFTY
by PriteshPal
Bank Nifty 13-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with support of R/1 Sell - with rejection of PDL Major Support - Around 489## Major Resistance - Around 502## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY Intraday Trade Setup For 13 Jun 2024BANKNIFTY Intraday Trade Setup For 13 Jun 2024 Bullish- Above 50300 Invalid-Below 50190 T- 51000 Bearish- Below 49500 Invalid- Above 49610 T- 48700 BANKNIFTY has closed with a slight gain of 0.38% gain today. Index has been trading sideways since last 3 session. Premiums have been adjusted to normal pricing. Since the start of this week we discussed that index is likely to form an inside candle in weekly TF which is happening and implication of that will be compressed moves. Tomorrow once again we will follow non directional approach between 50300 and 49500. Breakout of this range will trigger directional move. Wedge formation indicates bulls are trying to take control again. Coming to Thursday's trade setup, if index opens flat and a 15 MIN candle closes above 50300 then we will long for the target of 51k. For selling we need a 15 MIN candle close below 49500. T- 48700. 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
Nifty & Bank Nifty Analysis For 13 June 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTYShort
by TheStockMantra
BankNifty Support & Resistance Levels for 12.06.2024BankNifty remained in a range yesterday and did not make significant moves to touch either the demand or supply zones. The weekly trend (50 SMA) is positive, while the daily trend remains sideways. Support/Demand Levels: Near Small Support/Demand Zone (15m): 49,225 - 49,451 Near Support Zone (15m): 48,801 - 49,055 Far Support Zone (75m): 47,386 - 48,245 Resistance/Supply Levels: Near Supply/Resistance Zone (15m): 50,018 - 50,100 Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20 (remains the same)
NSE:BANKNIFTY
by PriteshPal