Get started

Bankniftyanalysis

#Banknfity directions and levels for February 2nd.#Banknifty Banknifty is also forming a consolidation followed by a strong pullback. If the market takes a solid rally, then we can consider that as the 3rd extension. If this occurs, the subsequent correction might be short, ranging from 23% to 38%. This also indicates further trend continuation. Alternatively, if the market doesn't reach the immediate resistance with a solid structure, then it might turn into correction when it reaches the immediate resistance. The previous consolidation will be considered as the 4th, and the upcoming pullback will be considered as the 5th. If it rejects around the immediate resistance, then we can expect a correction.
NSE:BANKNIFTY
by Manickamtraders
01 Feb & 31 Jan ’24 - N50 might look at BankNifty for directionsBankNifty Analysis - Stance Neutral ➡️ BankNifty has made some interesting patterns on the 16mts TF. It looks like BN made quick surges to a specific price level and then cooled off softly. Much like a mini-flag pattern. BankNifty may be showing signs of going up if that is the case. We can only confirm if the next resistance of 47465 is broken - and if that happens tomorrow, then the game is set. 16mts chart The biggest issue is the kind of selling the banks had from the FII’s basket. That factor is still haunting BankNifty pretty badly. The depth of the RED candles proves that point. When we have selling of that sort, we would need a strong response from the domestic buyers to go up. Meanwhile, if the DIIs are stalling - we may see further price corrections from here. 63mts chart BankNifty is the go-to leader for directional trends, it should hold good in the current situation also. First, the BN has to move clearly in a direction, most likely Nifty will follow. BN still holds 38% of the weight on Nifty. For tomorrow we would like to start with a neutral stance and then adapt if Banks show some traction.
NSE:BANKNIFTY
by viswaram
Nifty & Bank Nifty Analysis For 02 Feb 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:NIFTY
by TheStockMantra
BANKNIFTY Intraday Trade Setup For 02 Feb 2024BANKNIFTY Intraday Trade Setup For 02 Feb 2024 Bullish-Above 46320 Invalid-Below 46210 T- 46826 47315 Bearish-Below 45650 Invalid-Above 45760 T- 45050 44390 BANKNIFTY has closed on a on bullish note with 0.42% gain. It was sideways to bullish, complete sideways after 12 PM. Premiums crashed like anything due to VIX crashing nearly 10%. No big moves seen on event day. It has closed near day high so above 46320 tomorrow there can be good upside move till 46826 as per ABCD plotted. In case it breaks 45650 is broken then there can be good selling. Coming to Friday's trade setup, if index opens flat and a 15 Min candle close above 46320 then we will long for the target of 46826 and 47315. For selling we need a 15 Min candle close below 45650. T- 45045 and 44390. 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
1
Bank Nifty - 01/02/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 01/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45870 – 45897 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45900 Resistance-1: 46120 Support-2: 45677 Resistance-2: 46180 Support-3: 45518 Resistance-3: 46370 Support-4: 45200 Resistance-4: 46600 ____________________________________________ 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 Budget Special predication for tomorrow 1 FEB 24As we discussed, Banknifty's bullish nature today broke from a minor consolidation region. It gave a good breakout and moved to 200 EMA, which we discussed will be resisting the market. Now Looking at the chart: The market is trading at 200 EMA. The market is already in the breakout phase. Also, today afternoon, it has consolidated so that it can make a move for tomorrow's budget day. OI data: looking at the PCR = 1.04 shows a clearly bullish signal for the market. Also, 46000 shows lots of CE and PE writing, which makes it MAXPAIN. Once either side is clear, the market is going to shoot, probably the upper side. PROs and FIIs have shorted the market with heavy quantity which might force it to open downside. I am expecting the market to go bullish tomorrow Reasons The market is in the Breakout phase. Price > EMAs trading near 200 EMA already consolated today. Now, it seems ready to shoot to the upside. OI data PCR = 1.04 shows Bullish sentiments for the market direction. As it's budget day and elections are nearby, the budget has to be good to turn election sentiments to this government side, which might impact some sectors negatively and also some in a positive way. The market can go really wild. So, Play carefully and protect your capital. PRO and FII have been showing negative signals as they have been shorted the market heavily, which might force the market to open downside. And then go bullish. Verdict: Bullish Plan of action: Wait for 15 min candle. Let the trend be confirmed, then make a position. Protect your profits. The market can turn anytime and will be driven by budget sentiments .
NSE:BANKNIFTYLong
by finnova_
2
#Banknifty levels for 2024 union budget."Good evening, friends. Tomorrow, we have a big event: the Union Budget for 2024. It's a significant event, and the market will mostly move based on the sentiment surrounding that event, with less probability for technical analysis. So, I'm just sharing my Fibonacci levels on the one-hour chart. If you want, feel free to use it. And if you'd like to trade on this day, then only spend a partial amount of your capital because the market will provide plenty of opportunities in the upcoming days. All the best."
NSE:BANKNIFTY
by Manickamtraders
4
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
Budget move in Banknifty (01/02/24).Banknifty has given a nice up move in the first half and consolidated on the expiry for the rest day. It is facing rejection from a trend line and a resistance zone of 46150. If there is a break out after a flat or gap down opening, it can test the round number figure quickly. In case of a gap up opening, let market retest the break out levels or form a price action near the zone. Then only trade should be initiated as the option premiums will remain high. Tomorrow is budget which will create more volatility in the markets. India VIX is trading above 16. Major Resistance levels :- 46150, 46500, 46920 The market may both side as the previous budget made it move 2500 from high to low. Today's consolidation near the high shows some positivity in the market. Support levels :- 45950, 45490-550 Option premiums will move quickly so keep the target and stop losses strict. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
#Banknifty directions and levels for January 31st#Banknifty There are no changes in the Banknifty chart, and it still has a FLAG pattern structure. So, if the market breaks the previous high, we can expect a rally continuation. However, if the market rejects around 38%, then we can expect a minor correction of 23 to 38%. An alternate view is important. If the market opens with a gap-down, the level of 45045 will act as a strong support. However, if it doesn't find support there, then we can expect an aggressive correction. This is because yesterday's consolidation may act as a supply, and the correction may occur with heavy volume
NSE:BANKNIFTY
by Manickamtraders
BankNifty Intraday Trade Setup | 30th Jan '24Today BankNifty opened with a gap-up around 45171 and gave a good rally in first half upto 45660, however, we saw selling from upper levels and BankNifty closed around 45400. For today, BankNifty has to sustain above 45600 for further upside which can take BankNifty towards 45720 and upper levels. On the other side, if BankNifty breaks 45100 on downside, we expect to see 44980 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 45940 Sell Below - 45500 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
Bank Nifty Expiry Trade Analysis! As mentioned earlier post that might be today will be trend day or same tight sideways and it happend market didn't moved to new direction. market players want to stop out as many players as possible before a breakout it started with morning flase break out then all went in a range Bulls are facing strong resistance as they failed twice to break 45600 level and got weaker in later sessions If open below 45200 then sellers will be strong Resistance : 45600,45700 Support : 45200,44900
NSE:BANKNIFTY
by Price_actiontaker14
BANKNIFTY Intraday Trade Setup For 31 Jan 2024BANKNIFTY Intraday Trade Setup For 31 Jan 2024 Bullish-Above 45680 Invalid-Above 45570 T- 46155 46650 Bearish-below 45200 Invalid-Above 45310 T- 44690 44250 BANKNIFTY has closed on a slight bearish note with 0.16% cut. It was complete sideways market within previous day's range. Nothing triggered as per trade setup. It has formed a spinning top candle in daily TF which can trigger a good down move below 45200. Below 45200 it may test hourly support zone 44400. Also it has formed a range between 45700 and 45200. So above 45700 then can be a good up move. Probability of a down side trigger looks high. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45680 then we will long for the target of 4615 and 46650. For selling we need a 15 Min candle close below 45200. T- 444690 and 44250. 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
30 Jan ’24 — BankNifty was not interested in N50s price actionBankNifty Analysis - Stance Neutral ➡️ Strange-looking 1st and 2nd candles and then a flat price action all through the day. It is quite commendable that Nifty’s bearish ghosts did not haunt BankNifty today. Even though we closed just below the SR zone of 45399 - the price action did not give a clear clue if it was bearish or bullish. 4mts chart Maybe BankNifty was in a wait-and-watch mode, allowing Nifty to decide on the direction first and then follow suit. For the straddlers, it was a field day today as the flat price action would have given most of them good gains. 63mts chart BankNifty cannot stay flat like this tomorrow and the day after. We have the expiry tomorrow and the Budget announcement on 1st February. Most likely Nifty will pick a direction soon and 99/100 BankNifty will align itself with the broader trend. Our neutral stance continues for tomorrow, but we are quite excited to see the option premium spikes during closing minutes today. The first thing BN has to ensure tomorrow is to reject the 45399 resistance and then hope the Bears score their goal. Algo Trading Our BankNifty algo trades ended today with a profit of 1617 per lot
NSE:BANKNIFTY
by viswaram
Banknifty weekly analysis for 29/01/24.Banknifty has closed below the weekly 20 ema and looks bearish as the golden ratio is also breached. The previous trading session has formed a bullish hammer but still is trading below the previous day high. Bullish swing/intrady should be created above 46200 levels. It has taken support from 20DEMA. Major support levels :- 44480, 44290 No trading zone is market between 44480-45130 due to the volatility in the market. Resistance levels :- 45130, 45470, 46160 Markets will be opening after a long weekend and chance are there of a gap up/down opening. Trailing stop loss can help capturing the trend. This is a budget week and option premiums will be high. Enter a confirm setup and aviod entering the between the trend. Watch price action near the levels before entering the trade.
NSE:BANKNIFTY
by TheMamboMomentum
1
BANKNIFTY Intraday Trade Setup For 30 Jan 2024BANKNIFTY Intraday Trade Setup For 30 Jan 2024 Bullish-Above 45680 Invalid-Below 45570 T- 46155 46650 Bearish-Below 45110 Invalid-Above 45220 T- 44450 43845 BANKNIFTY has closed on a bullish note with 1.28% gain today. In the weekend we discussed that index has formed a base near 44400 zone and there is a high possibility of extending bounce above 45150. Today buy triggered above 45150 and gave a move till 45660. now next leg of rally towards 46600 zone will be triggered above 45680 or else there is chance of slip too. 45110 is the level for a downside trigger. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 45680 then we will long for the target of 46155 and 46640. For selling we need a 15 min candle close below 45110. T- 44450 and 43850. 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 JAN 30thBanknifty has a structurally perfect FLAG pattern. So, if the market breaks the previous high, then we can expect a rally continuation. However, if the market rejects around 38%, then we can expect a minor correction of 23 to 38%. Alternatively, if the market opens with a gap-down, structurally there is no big correction. However, if it breaks 45045, then we can expect a correction. On the other hand, if it doesn't break 45045, then we can expect minor consolidation for pullback continuation
NSE:BANKNIFTY
by Manickamtraders
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