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Bankniftyexpiry

PostMortem on BankNifty Today & Analysis of 30 NOV 2022 Feeling pretty tired after watching today's price action. For the last 3 days i have been looking out on the bearish side of bank nifty. The day started gap up and then a rally of 127pts in the first 5mts candle. This was inline with the recent swing high level - took an immediate resistance and then started falling. For once i thought my short sell view on bank nifty is finally working out. The fall that started at 09.20 went on till 11.25 almost a dip of 365pts. This fall made more bearishness as the nifty50 was still steaming ahead. Then we had a sideways move till 12.50. What happened after that is like a fairy tale. The first leg of upmove from 12.55 to 13.10 then the 2nd leg at 13.45 all the way to the close. From 13.45 bank nifty rallied 401pts with 2 strong green candles at 15.00 and 15.10. This not just took out the swing high but showed immense bullish momentum. The last 30mts move could be either an expiry special positioning or may be a rebalancing move. I am not really inclined to reverse by bearish bias with just this 1 occurrence. Lets wait for the price action on Friday for accurate direction. --- Of the bank nifty components HDFC BK started the day positively then the the entire day was near the flatline if not for the last 30mts spike ICICI Bank had fell into negative territory but the last 30mts ensured the day's high is taken out SBI did not take part in the last 30mts rally and was trading in the negative region all through the day. AXIS had turned positive by 13.40 and then got extra momentum in the last 30mts Kotak was trading with a negative bias, started showing recovery signs by 11.00. But the last 30mts had the best impact for Kotak IndusInd like SBI was trading in red, and the last 30mts rally did not boost the price. Notice the volume bars of all these 6 banks. This was the reason there was a surge in prices. This could be either an index or mutual fund rebalancing exercise. Looking at just this data will not provide conclusive evidence if its fresh buy. --- 15mts TF has taken out the swing high showing bullish signals. But it just came in 1 candle - which is kind of surprising 1hr TF shows bullishness ---
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 29 NOV 2022 Looking at the price action i had given a sell short call yesterday - read here I had to literally change the view looking at just the first candle. A mega green 5mts candle that took bank nifty 172+ points & above the swing high of yesterday. The rally did not stop until 11.05 creating a steady buying momentum. From 11.05 to close of day it was a slow fall back to where it all started. Final close just 0.08% above yesterday's close. In the gradual decline there are 2 candles that stands out, one at 14.20 and 14.35 which led bank nifty to fall below the swing high of yesterday. Now we have 2 contradicting signals - a breakout bullish signal in the forenoon session and a gradual bearish signal in the afternoon session. Which do we consider - not quite sure. Remember yesterday we had discussed the massive amounts of call writing especially for 43000, 44000, 45000 & 48000 CE. The pattern is quite similar today also. Approx 25 to 30% of options trading volume came after 15.00 today. Such intensity of call writings happens only when the call writers are confident that the markets will not move higher. I am a strong believer of this leading indicator and continue to be cautiously bearish till we see the call writing vs put writing ratio normalizes. --- Of the bank nifty components HDFC bank started the day strongly, made a peak and then started falling in the afternoon session. Final close was flattish but the pattern showed bearishness ICICI Bank showed intense strength, kept climbing and then showed no signs of reversing even when other banks started falling afternoon. Today's chart pattern looks flattish SBI had a gradual rise and then a regular fall in afternoon - final close flattish AXIS started the day strong, but the fall after 10.25 showed negativity. Although it went underwater only after 15.15 - the chart pattern shows negativity Kotak bank also closed flat but the chart pattern was quite confusing. A gradual fall to start the day, the a quick rise to swing high and then a quick fall to go back to flat line. IndusInd bank showed gradual bearishness. --- 15mts TF shows a top formation in place. If we have a down day tomorrow we can confirm it. 1hr TF shows either an interim double top or a consolidation move - will need to wait for more clarity. ---
NSE:BANKNIFTYShort
by viswaram
PostMortem on BankNifty Today & Analysis of 25 NOV 2022We opened today without a handover from US as it was Thanks giving holiday for them on 24th Nov. Bank nifty opened at 43192 just in line with the last hour trend that started yesterday. And went to a new all time high of 43339 at 09.30. This 5mts candle had a long top wick just hinting of a possible short term top formation. What followed was exactly that - we had a first leg of drop from 09.30 to 11.55 and a 2nd leg of drop from 13.55 to 14.15. But the final closing was a decent one. So from a day's perspective we only had a drop of 0.21% but the intraday chart pattern showed a bit negativity. The moves on monday and tuesday will be crucial as December is usually the month wherein the FIIs book profits for the year. Volumes may drop on Dec that will increase the fluctuation in prices. --- Of the bank nifty components HDFC had a classic bearish pattern today - a sudden morning dip and then a narrow fall ICICI tried to hold on to the flat line till 10.30 but it broke down and then flattened by close SBI was in positive territory till 11.10 after that it too fell underwater, final closing did not see recovery AXIS stayed positive today and was the leading contributor to the index - never fell below the flat line today Kotak had the most bearish pattern for the day, 2 legs of drop today. IndusInd also stayed positive today and ended with gains of 0.98% --- 15mts vs 1hr - the intraday bearishness was not visible on the 15mts or 1hr chart as such. 15mts may create a top formation pattern if we have a fall on monday. 1hr is continuing to show bullish pattern. 1D TF shows bullishness, but today's red candle may indicate a warning for the days to come. 1W timeframe does not really show today's price action that much - as it stands the candle is strong green and we have 3 consistent green weekly candles. The low of this week's candle is the first support level for bank nifty. Also note that we are nearing the top of the decade channel. --- US markets were underperforming Indian markets for this year - there are 2 possibilities that could happen and both of them may not be good for Indian indices FIIs could start selling now, take back money to their mother market as they are starting to move higher Further worsening of global macros or war could force FIIs to sell off and move to cash FII selling will definitely weaken the rupee, further devaluing their returns. Indian indices will not fall if the domestic mutual funds and retail investors keep accumulating shares. But i am starting to think - arent the valuations of these companies simply unexplainably high??? ---
NSE:BANKNIFTYShort
by viswaram
PostMortem on BankNifty Today & Analysis of 24 NOV 2022 - ExpiryBank nifty broke out and made an all time high of 43163 today. The opening was at 42838 negating yesterday's fake price move from 15.00 to close. Notice how yesterday's rally continued with the yellow encircled region. Today's open and forenoon trade was in perfect alignment with the rally that started yesterday.  Since its a breakout rally - the momentum was gaining strength and the final 45mts of today's trade is proof of that. Before that BN was in a range a narrow one and the monthly expiry was nothing unusual. But the last 45mts gave some wings to the premium eventhough it was the closing minutes. 43000 CE went from 9.35 to 89.75 between 14.47 and close today, closed in the money with a final value of 76. The reverse is also true, 43000 PE went from 111.9 to 0.05 between 14.47 to close. When the VIX is near the lows ~ 13.47, implied volatility is low - the best option is to go with option buying (obviously we need a trend to make a killing). Personally i wish to stay away from directional trades right now, prefer to execute arbitrage trades. The Euphoria in the market is now at all time highs - just as the markets are. So there could be fake moves or wild swings with no accompanying fundamental reasons. All time highs are not good levels to enter with a purchase intent, because if the market reverses direction - you may end up holding something for years to come. --- Of the Bank nifty components, a common pattern is the last 45mts rally among HDFCBank, SBI, Axis and Kotak. HDFC Bk had a nice start and then it built on the gains, strong buying momentum towards the end ICICI had a relatively smoother slope, no pullback or consolidation intraday - just buying SBI started strong, went underwater and then the last 45mts ensured it ended the day with gains. AXIS had a similar chart like SBI, but the last 45mts gave it extra wings - the slope was approx. 80 to 85 degree Kotak was gradually fading underwater - but the last 45mts ensured it closes in the flattish territory. Indus Ind had a falling graph after a positive open. Took support at the Prev. close and final close was in positive territory. The final 45mts rally did have no effect on IndusInd. --- SPX vs Bank nifty - the spread is now at +6.32% vs 26.99%. US market will be closed today so we will not have any special macro related moves today. --- 15mts vs 1hr - Notice the clear breakout in the 15mts TF. Whereas its depicted as strong momentum in 1hr TF.
NSE:BANKNIFTY
by viswaram
1
PostMortem on BankNifty Today & Analysis of 16 NOV 2022A very good trading day today, bank nifty opened in line at 42371 made a long legged doji in the 1st candle and then made 7 consecutive candles with 100pts swings in each before deciding on the direction. We had a up day today with a decent run from 09.50 to 11.30 and then a small pull back till 12.05 and then resuming the trend till 13.45. The price action from 13.50 to 14.40 looked mostly expiry related. Majority of the previous expiries were island days - the positional selling between 13.50 to 14.40 may hint that we could even have a negative day on 17th. However i am not certain as the underlying buying interest for bank nifty is pretty euphoric. There is no amount of negative data that can pull down our indices and most of the traders would be gung-ho. --- Of the major bank nifty components HDFC Bank was contributing to the index pretty strongly today, but gave up most of the gains after 13.55 Kotak bank out performed and closed the day with 2.8% gains (pretty unusual unless there is a news event which i am unaware of) ICICI even though started the day positively, fell below the yellow line by 11.35 and traded with negative bias SBIN started low, then shot up and then made a strong negative price action by 12.55 AXIS and IndusInd had negative bias today the chart pattern slope nearly matching. --- 2 Major option strategy would have worked out very well today.  Any call debit spread taken after 09.55 A far OTM call ratio spread purely for intraday ie. Buy near ATM and sell multiple lots of far OTM CE options. This would have worked mostly because of the time decay as its 1 DTE today. There was an anomaly in the way far OTM PE options reacted in the last 30mts - check the graphs for 40000, 39000, 38000 PE - the premiums were surging - i would like to see this as intense put writing as part of expiry tomorrow. This can be considered as a bullish sign and may even contradict my view of bearishness tomorrow. --- SPX is rising vs Bank nifty which is rising much more. The indices might be seen as converging but the speed at which bank nifty rising is actually creating a wider spread. SPX closed right at the resistance line of 3991 yesterday - so today's move will be interesting as it may have to pick up a direction soon. --- 15mts vs 1hr - both charts are in agreement and showing a bullish bias. Again as all the market participants are long - we cannot even rule out a quick dip anytime. --- Bank nifty support and resistance has been updated S1: 41929, S2: 41618 resistance: no resistance as at ATH --- PS: Read the standard disclaimer at: bit. ly/3Nm3RER
NSE:BANKNIFTYShort
by viswaram
Bank nifty Intraday levels for 10.11.2022Resistance level: 41951.20 Support level : 41699.35 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance *** For quick scalping use 5-minute time frame***** Note: Pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:BANKNIFTY
by AATHIE
PostMortem on BankNifty Today & Analysis of 07 NOV 2022Quite an eventful day today, Banknifty opened mega gap up at 41740 crossing 2 resistance levels in a single go (41314 & 41459). The first candle was red but with a long wick on the bottom - indicating that the opening trade was favoring the buyers. The major reason for the gap up was SBI which published good results this quarter. There was a decent fall till 11.25 where the BN tried to cross the 41459 support level - but it couldnt until 13.20. The candle at 13.20 was pretty long and red maybe just indicating that there could be a bit of selling pressure in the days ahead - unless the SBI results are macro shift capable. BN took support at 13.30 and then had a decent & strong buying momentum till close. It went from 41338 to 41758 between 13.30 to 15.20. The green candle at 15.00 negated the red one formed at 13.20 So now we have the BN near the all time highs and no more resistance levels - this make it quite difficult to set a risk:reward ratio for the trades. --- Of the major bank nifty components SBI ended the day with a gain of 3.4% making a 52wk high of 622.7 HDFCBk traded the 1st hour with a negative bias, and then made a strong rally from 10.15 ICICI started positive and then faded into red by 13.25 and then had a super rally to close the day Axis bank also started gap up went to negative territory by 10.25 made an intraday low at 11.25, a retracement bounce till 12.20 and then slipped back to negative. The final hour showed strength and the closing was in green. Kotak and IndusInd had a similar kind of chart pattern, gap up opening and then trading below the negative territory throughout the day. --- Look at the open and close prices - they are almost the same. Guess what would have worked today? Yes short iron fly.  Also shorting CE options or doing a CE credit spread would have worked out well as the time decay was higher due to holiday on 8th Nov. But shorting the calls would require quite some nerves as the bank nifty is as all time highs and there is no resistance. Mostly markets will follow the path of least friction, here it says UP. Because we do not have any more levels to watch. A single breakout rally can shoot the option premiums exponentially high. So request all traders to either set the stop losses or get into fixed loss strategies like ratio spreads, iron condor, iron fly or credit spreads (emphasis on credit as the time decay will help) --- SPX and bank nifty gap keeps diverging. There is a possibility of convergence if SPX rallies this week. As the mid terms elections and the US CPI data is due this week - we can expect an eventful price action till 11th Nov. The nearest support level is at 3737 and the resistance level is at 3813. From the 1hr red candle made on 14.30 there may be stiff resistance going into 3800+ levels. But if SPX manages to cross above that then the next 100pts can be scaled up so easily. --- 15mts is showing sideways market only, even though we had a gap up and resistance breach 1hr shows bullish momentum unless otherwise it settles for a top formation. So we watch the next 3 days closely and then decide --- Bank nifty support & resistance levels s1: 41459, s2: 41314 r1: no resistance as near ATH --- PS: Read the standard disclaimer at: bit. ly/3Nm3RER
NSE:BANKNIFTY
by viswaram
BankNifty-03/11/2022-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-03/11/2022-Levels IMPORTENT ZONE FOR THE DAY : 40842 - 40987 Possibilities of Today market open... Possibility 3: GAP-DOWN Most of the Global markets are closed in RED, so our markets also open in red with average 150 points in #nifty and 300 points in #banknifty. If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of W_C. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of D_S4 and SELL with the Rejection of W_L. _______________________ Happy Learning and Trading 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
Bank Nifty Today - 03 NOV 2022 Analysis + Comparison with S&P500Bank nifty moved today quite contradictory to the global moves. Frankly what is happening to India's banks - is there so much positivity to bury the global macros ? S&P500 down 2.5&, Nasdaq100 down 3.39% and our bank nifty up 0.37% today Just look the opening 4 candles. Gap down opening at 40873 very near to the support level of 40867 - hits the resistance level of 41314 by 9.35 - who would believe it ? 494pts move in 20mts with great momentum. I am not worried with bank nifty moving up like that - but on a day where the global cues were very negative - quite impossible. From 9.35 to close BN traded in and around the SR line with minimal volatility. Cannot even believe the India VIX came down by 4.3% today. Is there a real fundamental shift in India & its growth story - or are these some pump & dump scheme operated to loot the retail traders & investors? Who am I to ask these….? The candle at 10.10 looked interesting - it broke through the resistance and then a fall back to the level over the next 11 candles. And then another pump at 11.10, over the next 2 candles we would have got the impression that BN may breakout - but the 41455 resistance line came into play. Then we had a gradual fall below the SR line, but notice the price action at 13.10 (strong green candle breaking the resistance again). Anyways the final close was at 41304 just below the SR of 41314. --- 6 major banks, most of them showing strength today HDFC bank closed in red, but the chart pattern is not negative ICICI closed in green with flattish pattern SBI closed well in green with bullish pattern AXIS bank showed strong breakout in the morning to give it all back later - closed flat Kotak was trading below yesterday's close with a bearish bias IndusInd bank showing bullish pattern. --- Since today was expiry - there were many trade possibilities that could have been planned. BN stayed within the support & resistance zone eventhough it felt it would be a breakout today. All OTM calls & puts have gone to zero - if you would have written them, you could have made money. However we can all say that with hindsight - cannot engineer the outcome in advance. I am of the personal opinion that most of the traders would have hit their stop loss due to the mammoth move in the opening 20mts. Due to the overnight macros - most of them would have thought the bias will be bearish today. I noticed that the premiums on the call side were very minimal signaling the bank nifty might not breakout, but was not courageous enough to short them today after seeing the open. I am researching into deploying ratio spreads into weekly expiry to bring in exponential returns with a limited risk profile - may be it will take 6 to 9 months to get some clarity (i dont prefer to back test, i instead journal the trades henceforth - something like a forward test) --- SPX & Banknifty has diverged more today - the gap is now in excess of 22%. Presently the ES1 futures are showing a drop of 1% - so may be the US market will be in red today also. --- 15mts showing sideways market 1hr also showing sideways market --- Bank nifty support & resistance levels s1: 40867, s2: 40691 r1: 41312, r2: 41455 --- PS: Read the standard disclaimer at: bit. ly/3Nm3RER
NSE:BANKNIFTY
by viswaram
Bank nifty Intraday levels for 03.11.2022Resistance level: 41226.70 Support level : 41028.95 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance *** For quick scalping use 5-minute time frame***** Note: Pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:BANKNIFTY
by AATHIE
Bank Nifty Trade Setup for 13th October 2022Overall market outlook is bullish as of now, at least for short term. Only unknown factor here is the Fed event, which can make the markets to move violently. For the past 3 days Bank Nifty has been in an range, especially the last two days looks like two consecutive inside candles. A break on either side can give big rally on that direction. Predictions - Charts : Bullish - OI Data : Bullish - FII Activity : Super Bullish (Fresh Long positions added, 1k Cr purchase in Futures) Verdict :- Bank Nifty is showing strength as of now with daily chart closing above 10 EMA. If Fed event is inline with the market expectations, we can expect a good up move. 39.5k is a strong resistance with the largest Call OI accumulation; keep that level in focus if the market starts moving up. Flat Open : A flat opening and subsequent Swing High break can lead to larger up move. Gap Up : Large enough gap up near to 39280 or 39500 needs to be looked at with caution as potential for a reversal is there. If 15 minute chart makes a red candle at that level, short positions may be looked into. Gap Down : Gap down below 39000 only is a good level to break for short positions, that too with reduced quantity as there are a lot of supports right below that.
NSE:BANKNIFTYLong
by syamrajk
Bank Nifty Trade Setup for 6th October 2022Market Outlook is clearly bullish, especially with Bank Nifty daily candle making a close above 10 EMA. Now the focus is to identify whether this trend would keep going up or have a pull back to 10 EMA again before continuing the uptrend. (Later has a higher chance of happening.) - Charts : Bullish (Crossed 10 EMA in daily chart.) - OI Data : Inconclusive (Especially due to the large call OI presence at 39k even after the bullishness on Tuesday) - FII Activity : Super Bullish (Significant Long positions added in Options, Massive buying in futures) Verdict :- Over short term outlook for market is clearly bullish. We should expect a gap opening unless we get a big negative news from global markets. Potential for a pull back to 10 EMA is present in daily chart. Expecting a movement between 39.5k and 38.5k If the opening is with a gap up, potential for a retest of yesterdays close is high. If it opens flat, we can expect a movement up.
NSE:BANKNIFTY
by syamrajk
Simple Trade Setup | BANKNIFTY | 06-10-2022 [INTRADAY]NSE:BANKNIFTY Giving some big range levels in case if there is big gap up/down opening. Trade Setup for 06-10-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
BankNifty Nifty-29/09/2022-LevelsPossibility 2 : Hello Traders, Welcome to SriTrader5121 BankNifty Nifty-29/09/2022-Levels If market open as a GAP-UP and moves to UP-Side then BUY with the Support of 37950-38000 and SELL with the Rejection of 38000. (or) If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of 37676 and SELL with the Rejection of 37676. _______________________ Happy Learning and Trading 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 ------------------------------- 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 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 - Intraday Levels for 15 Sep 2022 (Expiry Special)Banknifty Levels for Tomorrow.. Expectation : Sideways / Volatile Market In Banknifty Flat Open is expected tomorrow, and it may trade in range between PDH 41626 - 41037 WIde CPR indicates the rangebound market. So any breakout above or below mentioned level is the Trend confirmation. Being expiry tomorrow wait until the premium depreciates for the first half. I will be looking to take entry after 1:30 Pm by conforming the trend. For quick scalping, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:BANKNIFTY
by ViVenTraders