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Bankniftyanalysis

Bank Nifty - 30/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 30/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45368 – 45400 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45400 Resistance-1: 45525 Support-2: 45265 Resistance-2: 45660 Support-3: 45110 Resistance-3: 45770 Support-4: 44920 Resistance-4: 45935 ____________________________________________ 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 0.5 -> 0.5% Swing 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 IMP -> Important R@1, R@2, R@3... -> Resistance-Zones S@1, S@2, S@3... -> Support-Zones 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 Blue Color Text (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)
NSE:BANKNIFTY
by SriTrader5121
Banknifty prediction for tomorrow 30 JAN 24As we discussed, Banknifty it has given a breakout today. By looking at the chart has given a breakout for the falling wedge pattern, which indicates the Market is going to get bullish in upcoming sessions. By looking at the Oi data, PCR = 0.86, which is bullish. Also, the budget is about to be announced on the 1st FEB., which needs to be good as the election is near. The whole Market is showing a positive sentiment. I am expecting Market to go bullish as of now Reasons: Price > EMAs, which indicates a bullish signal. (Bullish) RSI > 60, which shows bulls are in the control of the Market now. (Bullish) PCR = 0.86 shows bulls are more prominent in the Market. 45500 seems to be the MAX Pain. Once this level is clear, the Market is expected to go higher. (Bullish) The Market has given a breakout for the Falling wedge pattern, which is a clear sign of bullishness. (Bullish) 46300 seems to be a crucial level of resistance as it's also conceding with 200 EMA, which is probable to give some résistance. (Target Resistance) Verdict: Bullish Plan of action: SELL 45400 PE (hedge is with Buy 30rs PE)
NSE:BANKNIFTYLong
by finnova_
BankNifty prediction for tomorrow 29 JAN 24As we discussed, NIFTY is to be "SIDEWAYS in the range 44600 - 45481" in our last analysis. It resulted in a sideways while facing good resistance on 50-EMA. Now, if we look into the Chart data, EMA(50) is providing nice resistance. Also, 44500 is Hard SUPPORT, and 45370 is Hard RESISTANCE, resulting in a zonal movement. Also, the market is making a falling wedge pattern, which is bullish. while OI data PCR= 0.68 shows bearishness while PCR=0.90(next week expiry) shows bullishness. means people are expecting a good budget decision announcement on 1st FEB. As people are waiting for a budget day, I am expecting the market to be sideways till 1 FEB in the given Zone unless we get a breakout. Reasons: Market is making falling wedge pattern which is bullish. Price < EMAs, which shows bearish market structure. RSI ~ 40-60, which shows sideways market momentum. EMA 50 and 200 will be acting as resistance. An upper resistance trendline will provide good resistance. OI data PCR = 0.69 shows Bearish wherelse PCR = 0.90 shows bullish sign in upcoming week. Verdict: Sideways unless it gets breakout. Plan of Action: Sell 44500 PE and 45400 CE (hedge it with 35rs premium)
NSE:BANKNIFTY
by finnova_
2
BANKNIFTY Intraday Trade Setup For 29 Jan 2024BANKNIFTY Intraday Trade Setup For 29 Jan 2024 Bullish-Above 45150 Invalid-Below 45040 T- 45780 46350 Bearish-Below 44400 Invalid-Above 44510 T- 43845 46220 BANKNIFTY has closed on a bearish note with 2.59% cut last week. After a good down move from ATH it has came down till a confluence level of gap area. 44400 is a base zone and and we have seen 2 bounces from this support zone. Now this bounce may be extended till further higher levels , near 44400. It has formed a Pinbar candle in daily TF so above 45150 this move towards 46400 zone can be triggered. But below 44400 this will continue the downtrend. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45150 then we will long for the target of 45780 and 46350. For selling we need a 15 Min candle close below 44400. T- 43845 and 43221. 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 Levels for current 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
NIFTY prediction for tomorrow 25 JAN 24As we discussed, NIFTY has a "Bearish structure," but at the price action level of 21200, it took support and recovered really well. It gave a double bottom breakout and also reached level 21500, which is a resistance zone for now. If it enters into the zone marked in blue, it's going to be sideways. Also, 200 ema is going to act as a resistance point inside the blue zone. If we look at the OI data, PCR = 0.82, which leans towards a bullish market structure. Meanwhile, Banknifty PCR = 0.59 is bearish as both are not aligned. So tomorrow, I am expecting the market to be sideways in the blue zone and high volatility in the lower zone. All important levels have been marked on the chart. Reasons: Price 200 EMA, which will also act as resistance in the upward direction. RSI ~ 40-60, which indicates the sideways market structure. Price > EMA(13) is also sitting at 50 EMA, which will be acting as resistance. OI data PCR = 0.82 shows bullish signal. (Bullish) Verdict: SIdeways Plan of action: Wait for 15 min candle. Make position according to PA levels marked on charts.
NSE:NIFTY
by finnova_
BankNIFTY prediction for tomorrow 25 JAN 24As we have been discussing, BN is bearish; it took support from the marked zone and then recovered but again fell in 2nd half session today. If we look at chart data right now, the 44600 level showed nice support twice today with a nice volume. As the market is still making LL and LH, it represents a bearish market structure. I am expecting it to come again to 44600 and then bullishness in the market. Also, OI data PCR confirms the bearishness in the market with a PCR value of 0.59 ( BEARISH ). FII ad Pro clients data indicates the market to be getting bullish. I am expecting the market to be sideways in the range of 44600 - 45481. both levels are going to provide nice support and resistance. Reasons: Price < EMAs shows bearishness in the market. RSI 40-60 shows the sideways momentum along with the bulls' weak power. OI data PCR = 0.59 indicates a bearish signal in the market. Vwap is still high value. Price << VWAP indicated market price has to settle. It's not going to make a huge bearish move in the market. Verdict: SIDEWAYS in the range 44600 - 45481. Plan of action: look for 15-min candle and make a bound position in 44600-45481. I will update the idea once a market trend is set.
NSE:BANKNIFTY
by finnova_
24 Jan ’24 — BN still looks bearish to me, will it go neutral?BankNifty Analysis - Stance Bearish ⬇️ The stance of BankNifty continues to be bearish as it was nothing like the Nifty today. The major reason is the rejection of resistance at 45399. After opening near the support level of 44542, BN made a quick surge to the resistance of 45399 by 09.59. The rejection came by 10.43 and that RED candle spoke for itself. 4mts chart We started falling and BN went underwater again by 11.27. Interestingly BN made a W pattern on the 4mts chart today - but it means nothing if the resistance is not taken out. 63mts chart The first candle steals all the show today - its low right at the support of 44542, its high right at the resistance of 45399. Nifty will not be that strong in the upward direction until BN joins it. Right now N50 is neutral and BN is bearish. To lose bearishness, BN has to take out the resistance and close near 46151. Since both BN and N50 have expiry tomorrow, it will be an option sellers day as the premiums will be juicy enough.
NSE:BANKNIFTYShort
by viswaram
Bank Nifty - 25/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 25/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 44888 – 44916 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45075 Resistance-1: 45304 Support-2: 44680 Resistance-2: 45484 Support-3: 44550 Resistance-3: 45768 Support-4: 44410 Resistance-4: 46000 ____________________________________________ 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 0.5 -> 0.5% Swing 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 IMP -> Important R@1, R@2, R@3... -> Resistance-Zones S@1, S@2, S@3... -> Support-Zones 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 Blue Color Text (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)
NSE:BANKNIFTY
by SriTrader5121
Banknifty weekly analysis for 23/01/24. Banknifty is taking support from the weekly 20 ema and has formed a bearish engulfing candle on the charts. The movinga averages are being respected by the market, it is hovering between both 20 and 200 ema on daily charts. A consolidation is there in between 50-61.8% fibonacci levels. It has been trading in a similar range for last 3 trading session and this week is only of 3 days. In case, market starts moving up it will face resistance around the rejection levels of 46610 and 46900-47050. Resistance :- 46230, 46610, 46900-47050. The market is showing some negative sentiments and there are chances of it hitting below 45k levels once the support zone of 45500 is breached. Bearish trades can be initiated once 45450 level is gone and market starts sustaining below it. There are buyers around this level and lower targets of 45000 and 44600 can be capture on the break down. Support levels :- 45450-500, 44930, 44550(daily 200 ema). Mark the no trading zone of 45450-46100 as the market is volatile in this range. Wait for the price action and candle closing below or above the levels before initiating a trade.
NSE:BANKNIFTY
by Mambotrade
Nifty & Bank Nifty Monthly (25) Jan 2024 Expiry AnalysisIn 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:NIFTY
by TheStockMantra
BANKNIFTY Intraday Trade Setup For 25 Jan 2024BANKNIFTY Intraday Trade Setup For 25 Jan 2024 Bullish-Above 45500 Invalid-Above 45390 T- 46135 46700 Bearish-Below 44480 Invalid-Above 44590 T- 43855 43280 BANKNIFTY has closed almost on a flat note with a minor gain of 0.15%. Yesterday we in the trade setup we discussed that there is a high probability of a pullback to the impulsive down mov. It opened with a decent gap down and the pullback move initiated from 9:15 candle itself. Also in daily TF it opened at 0.618. A bounce can be expected from this region so above 45500 there can be another leg of rally. Below 44480 once again strong bearish move will be seen. Coming to Thursday's trade setup, if index opens flat and a 15 in candle closes above 45500 then we will long for the target of 46135 and 46700. For selling we need a 15 min candle close below 44480. T- 43855 and 43280. 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 - 24/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 24/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45658 – 45685 Important Support and Resistance for the Day... Support - Resistance - Support-1: 44885 Resistance-1: 45358 Support-2: 44575 Resistance-2: 45660 Support-3: 44410 Resistance-3: 46050 Support-4: 44252 Resistance-4: 46400 ____________________________________________ 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 0.5 -> 0.5% Swing 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 IMP -> Important R@1, R@2, R@3... -> Resistance-Zones S@1, S@2, S@3... -> Support-Zones 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 Blue Color Text (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)
NSE:BANKNIFTY
by SriTrader5121
Banknifty Prediction for tomorrow (weekly) 24 Jan 24According to our past discussion, BANKNIFTY had a bearish nature for a couple of days. It had a nice fall today. If we look at chart data now, 46617 is a good support point. But if it breaks to the downside, it is going to give a nice target of 43850 level. Important levels have been marked on the chart. There are two different possibilities marked green (Bullish) and red (bearish) on the chart. If we look at the OI data, PCR = 0.51 indicates a huge bearishness in the market, which is also supported by the chart data. 45000 is the MAXPAIN for the current market structure. If it breaks to the downside, then good targets of levels 43850 and 43267 can be achieved easily. All important levels have been marked on the chart. Data shows the market is going to be bearish in the upcoming week. Reasons: Price < EMAs shows the market's bearish nature. (Bearish) The market has given the Death crossover, which is a strong signal of a Bearish market. (Bearish) OI data PCR = 0.51 shows the bearish structure of the market. (Bearish) RSI < 40, which shows weakness in bulls strength. (Bearish) Verdict: Bearish Plan of action: Look for a 15-minute candle; make a position based on the PA marked on the chart.
NSE:BANKNIFTY
by finnova_
#Banknifty directions and levels for JAN 24th#Banknifty Banknifty also had a reddish day. The structure suggests there is going subwave 5 or double correction variation. So here also, the same sentiment as Nifty—if the market opens with a gap-down, then the correction will likely continue. After the correction, if the market takes support around 44,720 or 61%, we can expect a minimum of a 23% to 38% pullback wave. However, if it doesn't take support, then we can expect further correction. Alternatively, if the market opens with a gap-up, then initially we could expect a 23% to 38% pullback wave. After that, if it rejects there (at 38%), then we can expect correction continuation (meaning the '5th' wave continuation).
NSE:BANKNIFTY
by Manickamtraders
1
BANKNIFTY Intraday Trade Setup For 24 Jan 2024BANKNIFTY Intraday Trade Setup For 24 Jan 2024 Sell_1- From 46150 Invalid-Above 46260 T- 45515 45000 Sell_2- Below 44880 Invalid-Above 44990 T- 44180 43570 BANKNIFTY has closed on a bold bearish note with 2.26% cut today. It opened with a big gap up today and as per trade setup 10 o'clock range was to be followed. Range broke downside below 45980 and gave a big trendy move till 44887. Yesterday it was said that index may give a bullish move but I clearly said that I doubt it will sustain. Tomorrow there can be an pullback of today's impulsive move or there is a chance of a halt candle in daily TF. 0.382 of yesterday's range will be first confluence level. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 44880 then we will short for the target of 44180 and 43570. In case 46150 is tested via gap up move then we will short. T- 45500 zone. 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 24 Jan 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 direction and levels for JAN 23Banknifty has a long consolidation, so if the market opens gap-up, it might follow the trend. After the gap-up, if the market breaks the resistance level (38%), then we can expect 46,756 to 46,868. Here also, the sentiment is the same as Nifty—if it consolidates or breaks this level, the rally will likely continue. But as per the wave, its maximum pullback fib level is 78%. However, if the pullback rejects around 50%, then we could wait for reversal confirmation using the fib swing low to high. If this fib breaks 38%, then we could consider this a reversal for a bearish trend. Alternate view: If the gap-up doesn't sustain or if it rejects around the fib level 38%, then it might turn into correction. But initially, the structure suggests a range market, and we can expect a correction when it breaks the previous swing bottom."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 23 Jan 2024BANKNIFTY Intraday Trade Setup For 23 Jan 2024 Bullish-Above 46250 Invalid-Below 46140 T- 46915 47550 Bearish-below 45430 Invalid-Above 45540 T- 44750 44180 BANKNIFTY has closed on a bearish note with 3.46% cut last week but on a positive note last trading session. 45400 is an important support in daily TF below this new bearish impulsive move will be triggered. 46250 looks an important hourly resistance above this there can be a bullish move but I doubt weather it can sustain for 1-2 days. 46915-50 can act as a strong intraday supply zone. One can look for a bearish reversal price structure above 46915 for a short following current trend. 46250 and 45430 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46250 then we will long for the target of 46915 and 47550. For selling we need a 15 Min candle close below 45430. T- 44750 and 44180. 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