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Bankniftyanalysis

13 Mar ’24 — BankNifty stays cool today unlike N50 that broke 2.BankNifty Analysis - Stance Neutral ➡️ BN was calm as a cucumber, on one side the Nifty50 heavyweights were tanking but BN kept its cool. Usually, Banks are the first to react to any news related to “froth”, “valuation” etc. Mainly because the valuation, loan against shares, etc all depend on the underwriters and financial institutions that did the due diligence. When the markets are going up, nobody is really worried. But when the stocks start crashing, the valuations get impacted and people start getting margin calls. When this situation is combined with a contracting money supply - businesses could face restrictions in raising new capital. 4mts chart The only reason I can think of why the Banks did not fall today would be due to the expiry aspect. If that is the case, we should be seeing the FOMO effect in tomorrow’s morning session. Since BN held its ground, the algo trades all performed exceptionally well, and the heightened volatility improved the option selling margins. From the recent top of 48161, BN is falling, but yet to make a lower low or lower high. Unless the 2nd leg starts, we wouldn't know with clarity what it has in mind. To go bearish, we need to fall below 46176 another 800pts away. If both BN and N50 are facing the same direction - then we can expect the big boys to enter the shorting arena. If we are to get a relief rally or retracement, it should be driven by the banks - because they are still the strongest sub-sector in Nifty. 63mts chart – Algo Trading Our algo trades ended today with a gain of 14380.
NSE:BANKNIFTY
by viswaram
Bank Nifty 13-03-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDL / Support Sell - with rejection of PDL / Resistance See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to fallow... 1) Wait for conformation. 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 purpose and a helping hand to learn trading in 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 respective zone 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 comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Bank Nifty Analysis for tomorrow Thrusday | 14 March 24 As we discussed in our video analysis, the bank's nifty bearish nature broke to the downside and gave a nice bearish target today. If we look at the chart now: The price has broken 200 EMA, HNS Neckline support zone to the downside. The market is quite bearish. RSI is also showing weakness in bulls. If we look at the OI data: PCR = 0.67 shows a bearish market structure. Also, there is a huge CE and PE writing at 47000, which will work as maxPain. There is not much of support levels except 46500 which is also confirmed by Price Action levels. I am expecting the market to fall till 46500. Reasons: RSI < 40 shows weakness in bulls. price < EMAs shows bearish strengthen market. PCR = 0.67 shows a bearish market. price < VWAP indicates bearish sentiment in the market. Verdict: Bearish Plan of Action : Sell 46900 CE (Hedge it with 20 rs CE).
NSE:BANKNIFTYShort
by finnova_
2
12 Mar ’24 — BankNifty Algo Trades almost killed me today.BankNifty Analysis - Stance Neutral ➡️ The 10.43 candle was more profound on BankNifty, we had a drop of 656pts ~ 1.38% in that single candle. We had a positive swing of 612pts ~ 1.3% between 09.27 to 09.59 and then a negative reaction of 931pts ~ 1.95% between 09.59 to 10.47. If these 2 swings did not take out your stop loss - then I don't know what will. Since we run algo trades, the entire positions went into a tailspin showing a huge MTM loss. Miraculously, the system recovered and ended the day with a reduced loss. If this same move happened on a Wednesday or Thursday, then the losses would have been 10x of what we had today. 4mts chart On the higher time frame, the stance continues to be neutral as BN was unable to take out the 47465 resistance today. The 10.18 candle showed some bearish intent, but it did not get any follow-through action. The current market texture is weak hands holding CE short positions. So if we break the resistance tomorrow either by a gap-up or via 1hr trading, then the short covering will result in further momentum. This market structure is really pissing off some serious traders too, mostly because overnight positions are not bringing the kind of benefit it should. The premiums for which they are sold do not cover the risks taken. 63mts chart – Algo Trading Our algo trades ended today with a loss of 15896. The positions went into deep RED during the 10.43 candle, but with time the positions started recovering.
NSE:BANKNIFTY
by viswaram
FASP levels for Bank Nifty 13/03/2024The FASP for BankNifty is listed for 13-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 13 Mar 2024BANKNIFTY Intraday Trade Setup For 13 Mar 2024 Bullish-Above 47500 Invalid-Below 47390 T- 47855 48385 Bearish-Below 47150 Invalid-Above 47260 T- 46645 BANKNIFTY closed almost on a flat note with a minor cut of 0.1% after a huge volatility today. As per the trade setup short triggered @ 47810 and gave a nose dive till 46885. Plotted half bat worked like a dot level. Now tomorrow if there is a big gap up above 47800 then chances of Open= High will be high. Opening between 47500 and 47200 will be best suited to trade on 47500 and 47150 range breakout. Till the time leader NIFTY is in distribution phase or trading between the parallel channel momentum will be fuss. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47500 then we will long for the target of 47855 and 48386. For selling we need a 15 Min candle close below 47150. T- 46615. 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 13-03-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone / with support of PDL / with support of Strong-resistance Sell - Below Side-ways-zone / with rejection of PDH / with rejection of Strong - resistance See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to fallow... 1) Wait for conformation. 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 purpose and a helping hand to learn trading in 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 respective zone 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 comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Bank Nifty analysis for 12th march 2024It looks like the bank nifty is forming a head and shoulders patern. if it breaks the support level (47200 to 47300 range) downside, it may go to the next possible support (46300 to 46500 range) marked in the chart. if it crosses the level 48200 upside, we may go for a bullish trade after forming a price action. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
NSE:BANKNIFTYShort
by sudeeptalayek
BANKNIFTY Intraday Trade Setup For 12 Mar 2024BANKNIFTY Intraday Trade Setup For 12 Mar 2024 Sell_1- From 47810 Invalid-Above 47920 T- 47500 47200 Sell_2- Below 47200 Invalid-Above 47310 T- 46615 46068 BANKNIFTY has closed on a bearish note with with 1% cut today. Sell triggered as per trade setup below 47730 and gave a good move in favor till 47235. Although a clear move, the momentum was really pathetic which is mainly due to VIX. It has to regain 16 then only there will be good momentum in intraday. Tomorrow above 47500 it will test 47810 zone. 47810 will act as a strong resistance and we will plan a short from there. Below 47200 clear bearish momentum will kick in. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 47200 then we will short for the target of 46615 and 46068. 2nd sell can be planned from 47810. T- 47500 and 47200. 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 12-03-2024 Analysis Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDL / Strong- Resistance Sell - with rejection of PDL / support See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to fallow... 1) Wait for conformation. 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 purpose and a helping hand to learn trading in 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 respective zone 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 comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Bank Nifty 11-03-2024 Analysis Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDL / Strong-support Sell - with rejection of PDL / Resistance See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to fallow... 1) Wait for conformation. 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 purpose and a helping hand to learn trading in 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 respective zone 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 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 11 Mar 2024BANKNIFTY Intraday Trade Setup For 11 Mar 2024 Bullish-Above 48170 Invalid-Above 48060 T- 48800 49430 Bearish-Below 47730 Invalid-Above 47840 T- 47140 46645 BANKNIFTY has closed on a slight bearish note last week with 1.16% gain last week. Last week we saw a good grip of bulls in the initial 2 days and then some some sideways move. Index will give a bold bullish move once again above 48170 if crossed. Reason behind a bold bullish move is based on current market trend and bulls grip and a compression seen on last day. Trendline breakout will be early indication of impulse trigger. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48170 then we will long for the target of 48800 and 49430. For selling we need a 15 Min candle close below 47730. T- 47140 and 46645. 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 directions and levels for March 7th.Banknifty has the same sentiment; there is a completed motive structure. So, if the initial market declines sharply, then we can expect a minimum of 23% to 38% Fibonacci correction. If it breaks the 38% Fibonacci level, that's a sign of a trend reversal (bearish trend). On the other hand, if it finds support there (23%), it might consolidate a little bit. Alternatively, if the gap-up sustains and breaks the supply zone, here also the same extension might happen. So, if the market breaks the supply zone, we can expect a rally continuation in the upcoming sessions."
NSE:BANKNIFTY
by Manickamtraders
06 Mar ’24 — Nobody believed us when we said Banks are bullish..BankNifty Analysis - Stance Bullish ⬆️ The major move in Banknifty in the opening hour itself. See the encircled region and see how the 47465 support came into play. Support and resistance have the highest weightage in my technical indicators arsenal. If you have been reading my reports - you may agree to it without doubt. The only thing is, you need to draw the horizontal lines carefully. 4mts chart Two things happened when BN rallied 713pts ~ 1.5% in the opening hours. Firstly it gave so much of positive momentum to Nifty50 that even a laggard like NiftyIT had to reverse course and align with the GREENs. Secondly, it threw our algo positions under the bus. The swift movement ensured whatever MTM loss the positions went into, we were sure that the end was never going to be in green. Not quite sure if we will take out the ATH tomorrow, but seems like we are going to have another green day tomorrow. As long as the support of 47465 is respected, the bulls are going to have a nice time. 63mts chart – Algo Trading Our algo trades ended today with a loss of 19656. The opening hour casting its spell, the MTM loss was almost 65710 at a point, so we are quite thankful for the wonderful recovery we had post that trauma.
NSE:BANKNIFTYLong
by viswaram
Banknifty prediction for tomorrow 07 Mar 24As we discussed, the Banknifty breakout gave quite a nice target today. As it was expiry today, the market turned sideways in the afternoon. If we look at the chart now: The market is trading at the resistance zone right now. Today, it has been sideways at resistance. After that, some selling came with good volume, which may be because of expiry today. The RSI trendline has also broken down to the downside. If we look at the OI data: PCR = 0.9 shows bullish market sentiments. But as it is just the start of the week, this does not contribute much for now. There can be 2 cases, as marked on the chart. Case 1: if it takes support at 47850, then it can move till 48600(ATH). Case 2: Might consolidate in the range 47500-48000. Reasons: BN is trading at the resistance Zone. 4H-TF resistance trendline. All-time high resistance Zone The RSI trendline has broken down to the downside. There might be some correction or consolidation. PCR = 0.9 shows bullish sentiments. 48000 is maxPain while 47500 is a good resistance according to the OI data. The above side is not much CE writing that shows the market is going to be HIGHER HIGH in upcoming sessions. VWAP = Price shows price is balanced. Verdict: Sideways or Bullish Plan of action: Case1: Sell 47800 PE (Hedge it with 20 rs PE) Case 2: Iron condor in range 47500-48000.
NSE:BANKNIFTY
by finnova_
Banknifty intraday levels for weekly expiry (06/03/24).It has given a nice up move in a single candle and closed forming a flag and pole pattern. The market movement is consolidation, a move and consolidation again. Tomorrow being the weekly expiry banknifty may give a trending move. Major resistance levels :- 47700, 47830, 48000 If there is a gap up opening, there are chance of market moving even higher and closing above 48k levels. In case of a flat to slight gap down opening, a bullish move can be captured as per the price action. Support levels :- 47500, 47280 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum
BankNifty Bullish Move Toward All Time High If you observe the chart above, it clearly indicates that it's forming higher highs and higher lows. A few days ago, on January 17th, 2024, there was a significant gap down below the resistance level of 47520. Many times it attempted to break this resistance level, but today it finally broke through with a strong bullish candle. Therefore, we can confidently say that it's likely to reach all-time highs. Note: I will maintain charts in a simple way. Only those with basic knowledge of technical analysis will be able to understand what I am posting.
NSE:BANKNIFTYLong
by Trade_with_Bhanu
#Banknifty directions and levels for March 6th.The Banknifty structure is a little different; as per the wave structure, there is a pullback wave bending (minor sub-wave 5th). So, if the market breaks yesterday's high, then we can expect a range between 47821 to 47957. Since this is the 5th wave, once it rejects there, we can anticipate a correctional wave that may take a 23 to 38% Fibonacci correction to the minor swing. however, if it sustains there(47957) then we can expect further extension. Alternatively, if it declines initially, the 47427 level will act as a crucial support. If it finds support there, then we can initially expect a range market for rally continuation. However, if it breaks, it might turn into an overall correction phase."
NSE:BANKNIFTY
by Manickamtraders