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Bankniftyanalysis

#Banknifty directions and level for FEB 22Banknifty structurally differs a little from Nifty, but here also, we can expect a ranging market initially if the gap-up sustains. We can expect a rally continuation only if it breaks the previous high. On the other hand, if the gap-up doesn't sustain, then we can expect a minor correction here also. After that, if it finds support around the demand zone, the ranging market might continue. However, if it consolidates or breaks the demand zone solidly, then the correction will continue further.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY MATHEMATICAL LEVELS FOR THIS EXPIRYThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by YASHSINCE1995
BANKNIFTY Intraday Trade Setup For 22 Feb 2024BANKNIFTY Intraday Trade Setup For 22 Feb 2024 Bullish-Above 47380 Invalid-Below 47270 T- 47865 48425 Bearish-Below 46870 Invalid-Above 46980 T- 46230 45640 BANKNIFTY has closed on a very slight bearish note with 0.16% cut today. Buy triggered as per trade setup above 47150 which hit sl. It was a roller coaster ride whole day. It was a Open = High day so tomorrow below today's low there can be another slide towards 46230. 46230 is a PRZ and can act as a very strong intraday support. Above today's high high will be simple bullish view with a strong momentum followed by the daily TF trend. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47380 then we will long for the target of 47865 and 48425. For selling we need a 15 Min candle close below 46870. T- 46230 and 45640. 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 Expiry Day Analysis - 21st Feb BankNifty ExpiryI have a bullish Bias in Bank Nifty for today's expiry and expect a pullback and a further move up into the 48000 We have been below this 48K level since that HDFC fall We also have a huge gap which is yet to be filled So today and the next two days are a great opportunity to fill those gaps I use ICT concepts to trade and my analysis is also based on that as well. I look into OI data as an additional confluence for Indian Indices as I trade options. We have an immediate resistance around 47200-300 levels If broken we can see a move up to 47500-47800-48000 respectively (obviously not all on the same day) Everything may go south if the 46700 levels are broken then we bleed! Happy trading! All praise to God!
NSE:BANKNIFTYLong
by Mellow-Trader
BANKNIFTY Intraday Trade Setup For 21 Feb 2024BANKNIFTY Intraday Trade Setup For 21 Feb 2024 Bullish-Above 47150 Invalid-Below 47040 T- 47640 48130 Bearish-Below 46780 Invalid-Above 46890 T- 46245 45640 BANKNIFTY has closed on a bullish note with 1.2% gain today. Since this weekend we have been discussing about 46600 breakout in daily TF, chart was also shared in the weekend. Today breakout happened finally. Yesterday we discussed that above 46720 there can be a good up move. So has happened, gave a move till 47130. Tomorrow once again we can expect continuation of today's daily TF breakout. 46300 will be Sl for this bullish breakout trade if considered. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47150 then we will long for the target of 47640 and 48130. For selling we need a 15 Min candle close below 46780. T- 46245 and 45640. 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 prediction for tomorrow 21 Feb 24As we have been discussing, Banknifty double bottom pattern nature in a couple of days. Today, it has broken successfully to the upside. Now, if we look at the chart data: The market has broken the double bottom neckline to the upside. There is a higher chance for the market to go upside down. The market path for now is clear till 47500. There is a resistance trendline at 47500, which might hold the market for a bit. If we look at OI data: PCR = 1.55 indicates the market's super bullishness. There is only a little CE writing at higher levels till 47500. The market is now in bulls control. 47000 is MAXPAIN. Once the market momentum starts, it will go directly to 47500. I expect the market to go bullish till the resistance trendline. Reasons: Price> EMAs show the market is having bullish sentiments. RSI > 60 shows the market is in a bullish region. Price> VWAP shows the market is bullish and has a balanced Price with volume. OI data PCR = 1.55 shows the market is in full bull's control right now. Also, 47500 will be providing the next resistance in the market, which is also the resistance trendline. Verdict: Bullish Plan of action: Sell 47100 PE (hedge it with a 30 rs premium)
NSE:BANKNIFTYLong
by finnova_
BANKNIFTY Intraday Trade Setup For 20 Feb 2024BANKNIFTY Intraday Trade Setup For 20 Feb 2024 Bullish-Above 46720 Invalid-Below 46610 T- 47270 47760 Bearish-Below 46300 Invalid-Above 46410 T- 45700 45190 BANKNIFTY has closed with a slight gain of 0.32% gain today. Nothing triggered as per trade setup and traded between 46700 and 46300 the whole day. It tested the our daily breakout level 46600 but once again did not close above that. It has formed a spinning top candle which again caters a indecisiveness at the resistance breakout level. Tomorrow above 46720 there can be good intraday up move. Below 46300 there can be down move but strict in trailing. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46720 then we will long for the target of 47270. For selling we need a 15 Min candle close below 46300. T- 45700 and 45190. 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
2
Banknifty weekly analysis for 19/02/24.Banknifty has formed a nice bullish candle on the weekly charts and closed 750 points higher. The market remained in a range for a while and gave a nice break out during the previous week. In the last trading session market tried to clear the resistance levels of 46600 but couldn't clear the same and closed around 46400 levels. Major resistance levels :- 46580, 46980-47100. If there is a gap up opening, the market will look to test 47k levels and further test 47550. On the bearish side the market can test the lower levels of 46k and 45700. Anything below 45700 may seem to be a bearish move. Major support levels :- 46040, 45700 Wait for the price action and buy on dip is the current market cycle. Nifty is trading around the ATH while banknifty is trading short of 2000 points. It can be seen getting close to the ATH in the coming week.
NSE:BANKNIFTY
by Mambotrade
Bank Nifty - 19/02/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 19/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 46300 – 46330 Important Support and Resistance for the Day... Support - Resistance - Support-1: 46260 Resistance-1: 46500 Support-2: 46090 Resistance-2: 46630 Support-3: 45930 Resistance-3: 46690 Support-4: 45700 Resistance-4: 46800 ____________________________________________ Happy Learning and Trading – TST5121 Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. 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. SHORT FORM &FULL FORM 20 -> 20 EMA in Day Red Zones... -> Resistance-Zones Green Zones... -> Support-Zones IMP -> Important PDH -> Previous Day High PDL -> Previous Day Low PDC -> Previous Day Close PDO -> Previous Day Open PWH -> Previous Week High PWO -> Previous Week Open PWC -> Previous Week Close PWL -> Previous Week Low D_S -> Day Support D_R -> Day Resistance W_S -> Week Support W_R -> Week Resistance W_O -> Week Open W_C -> Week Close LW_O -> Last Week Open LW_C -> Last Week Close MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY Intraday Trade Setup For 19 Feb 2024BANKNIFTY Intraday Trade Setup For 19 Feb 2024 Bullish-Above 46710 Invalid-Below 46600 T- 47270 47760 Bearish-Below 46250 Invalid-Above 46360 T- 45700 BANKNIFTY has closed on a bullish note last week with 1.64% gain. Looking at the weekly setup index looks ready for a bullish move, confirmation above last swing high 46900. Coming to daily TF index has failed to close above 46600, rejected 4 times. Now if a daily candle closes above 46600 then we will try to initiate a bullish trade. On Friday it formed a shooting star candle so below 46250 we can see some down move which can be the pullback before the daily TF breakout above 46600. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46710 then we will long for the target of 47270 and 47760. For selling we need a 15 Min candle close below 46250. T- 45700. A strong support can be found near 45650. 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 Intraday Trade Setup | 19th FebToday BankNifty opened with a gap-up around 46500 which was also a major resistance zone as we mentioned and we saw morning selling towards 46260 odd levels where BankNifty took support and gave a bounce back but overall it was a range-bound day. For tomorrow, BankNifty has to sustain above 46550 for further upside which can take BankNifty towards 46670 and upper marked levels. On the other side, if BankNifty breaks 46200 on downside, we expect to see 46080 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 46550 Sell Below - 46200 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
Banknifty prediction for tomorrow 19 Feb 24As we have been discussing, Banknifty has a bullish nature for a couple of analyses. Now it's reaching near the resistance zone @46970. Now, if we look at the chart: The market has broken to the upside; also, the market is making a double bottom if we look at the 4H frame. 46300 was good resistance, which broke to the upside. Now, I am expecting it to provide good support. If we look at the OI data: Pcr = 1.10, which shows the market is bullish. However, the above side 46970 will provide good resistance, which is also confirmed by OI heavy CE writing at the 47000 level. MaxPain, for now, is 46500. Once it's broken to the upside, the path to 46970 will be clear. I expect the market to be volatile in this zone, as per the historical data. Right now, at a double bottom neckline. I am expecting volatility in 46300-46970. Reasons: The last two times, the market fell sharply from this level. Price > EMA indicates bullishness in the market. RSI is showing bearish divergence. Some consolidation is required at this point. OI data Pcr = 1.10 shows bullishness. 46500 is MaxPain, and 47000 shows heavy CE writing. VWAP ≥ price, which indicates bullishness in upcoming sessions. Verdict: Bullish till 46970 level. Plan of action: Be aware of opening high; if the market gap-up, there is a high chance of range bound in 46500-46970. Go with an Iron Condor in the range 46500-46970.
NSE:BANKNIFTY
by finnova_
6
Banknifty prediction for today live 15th FebI have been busy for the last two days. If you have been following my analysis, we marked a resistance line, which got a breakout yesterday, and after that, it gave a very nice bullish momentum. Now, if we look at the chart: The market is already in the breakout phase, but right now, it is sitting at the resistance zone that has been tested multiple times. There is a high probability that Banknifty will be continuing the bullish momentum. But 46100 will be providing good resistance once its broken bull's path is clear to 47000. If we look at OI data: PcR = 1.10, which shows the market is very bullish. 46000 has good CE writing, which might provide good resistance, which is also confirmed by Price action. As it's 1st day of the week, OI will not matter much. FII and DII show bearish on Options, which might lead to some sideways days because, in the future, FII is bullish. I am expecting the market to get sideways in the range of 45600-46100(color as Cyan). If it breaks 46100 to the upside, I am expecting more bullishness. Reasons: Price > EMAs, which shows the market is strong. RSI > 60 shows good strength in the bulls. OI data Pcr = 1.10 shows the bullish sign. which is also confirmed by the Price action breakout. Price> VWAP, which shows the market is having strength. Verdict: sideways in the range 45600-46100 Bullish; if breaks 46100 to upside Plan of action: Case 1: Range selling in 45600-46100 Case 2: go bullish if it breaks 46100 to the upside.
NSE:BANKNIFTYLong
by finnova_
Banknifty analysis prediction for tomorrow 12 Feb 24As we discussed in our last analysis, it's bearish behavior, but it took support at 45000 and turned bullish. Now if we look at chart data: the market is trading at a resistance trendline. Which has rejected the Price twice. It might reject it again. Also, the Price is at 200 EMA, which can provide a good resistance at this level of confluence. Looking at the OI data: Pcr = 0.86 shows the bullish nature of the market. 46000 shows Huge CE writing, which means it has heavy resistance. The lower side, 45000, is showing good PE writing, which means we are going to provide nice support at this level. We can also see in charts 4550045500-46000 is to be a sideways volatility range. All possible scenarios have been marked on the chart according to their probability of occurrence. I expect bullishness . Reasons: Price > EMA(13); also trading at 200 EMA. (indecisive.) Price is trading at a resistance level; either side will decide the direction of the market at that moment. RSI > 60 shows good strength in the bulls. OI data Pcr = 0.86 shows the bullish sign. which is confirmed by FII and DII data. Price> VWAP, which shows the market is having strength. Verdict: Bullish Plan of action: observe the 15-minute candle and then go in as situations marked on the chart.
NSE:BANKNIFTY
by finnova_
2
BankNifty Intraday Trade Setup | 16th FebToday BankNifty opened with a gap-up around 46100 and opening price was a morning high. We saw almost 500 points fall in morning but BankNifty took support at 45590 and gave a rebound towards 46300 levels. For tomorrow, BankNifty has to sustain above 46350 for further upside which can take BankNifty towards 46470 and upper marked levels. Keep an eye on 46500 which is major resistance zone. On the other side, if BankNifty breaks 46000 on downside, we expect to see 45880 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 46350 Sell Below - 46000 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
2
15 Feb ’24 — BankNifty has to scale above 47016 to go bullishBankNifty Analysis - Stance Neutral ➡️ BankNifty also does not get a stance revision today, but the progress it has made in the bullish direction is commendable. The first thing it did today was to defend the descending trendline (see encircled region). And from there it almost followed a steady 45-degree climb - showing strength. Except for the first 45 minutes, we did not have a selling pressure or a bear attack. It seems like the bears had thrown in the towel yesterday itself. 4mts chart In the 63mts chart, BN’s ability to defend the support is second to none. The only reason it is stuck in the neutral zone is because of the bear attack it had on 17th Jan. We are almost getting to those levels now. BankNifty’s contribution is very crucial to help Nifty’s next move. Since N50 is waiting to go bullish, a mere push from BN will give a multiplier effect due to the weightage it carries. For tomorrow we wish to start the day with a neutral stance and go bullish only of 47016 trend line is getting broken. 63mts chart Algo Trading Our BankNifty algo trades ended today with a loss of Rs3190
NSE:BANKNIFTY
by viswaram
BANKNIFTY Intraday Trade Setup For 16 Dec 2024BANKNIFTY Intraday Trade Setup For 16 Dec 2024 Bullish-Above 46310 Invalid-Below 46200 T- 46915 47330 Bearish-Below 45740 Invalid-Above 45850 T- 45150 44650 BANKNIFTY has closed on a bullish note with 0.68% gain today. Last day we discussed that index closed on a bold bullish sentiment yesterday and chances of a continuation is high. Pullback buy scenario was also discussed however it did not trigger that and bounced from first confluence marked zone 45650 which was 0.382 of yesterday's range. Tomorrow once again we can expect bullish continuation above today's high. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46310 then we will long for the target of 46915. For selling we need a 15 Min candle close below 45740. T- 45150 and 44650. 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