Banknifty Levels 05 Sep 24Upside - Banknifty sustains above 51411, then 51550 possible.
Downside - Banknifty sustains below 51268 then 51126,50984 levels are possible.
NSE:BANKNIFTY
Bankniftyidea
#BANKNIFTY BREAKDOWN 52500 STRONG LEVEL 18/07/2024BANKNIFTY shows consolidation in the previous session level at 52500 we all know that everyone supposes the market will crash at any time and BankNifty also shows the indication of a bearish move. The 23 July is the most important day for the F&O traders this is the day the budget is announced. Then we see the market sentiments where it goes either bullish or bearish. let's come to the point that the 52500 level is strong RESISTANCE. It is hazardous to say. if the market sustains at this level even after the budget is announced and shows some positive news or feed for the market. it's an indication that the market will crash by 20%-30% plus.
L E V E L S:-
Resistance- 52500
Support- 52000
#BANKNIFTY INTRADAY CE & PE Levels- 08/07/2024Banknifty Trend was Intact on the up side has the potential long position or maybe continue sideways but there is a catch to show a shorting. So kindly ensure to take your trade after a few minutes (15-30 mins).
T A R G E T S:-
Support1- 52800
Support2- 52600
Support3- 52500
Resistance1-53300
Resistance2- 53100
Banknifty Analysis & Prediction in DTFThis is the analysis of Banknifty in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
Banknifty Weekly swing zone and levels I am posting banknifty swing zone and levels
Currently banknifty is at major supply zone bounce can here is possible with all the upside resistances which I have marked in the chart...
15 Mar ’24 — BankNifty might have to fall 400+ pts to go bearishBankNifty Analysis - Stance Neutral ➡️
BankNifty fell 195 points today ~ -0.42%, but that would end up not being sufficient to push it into Bear territory. We might need roughly 400+ points fall to slip into the bearish channel following which both N50 and BN will have the same direction. Over the last 2.5 months rarely did both the indices align in the same direction for at least 3 to 4 days consecutively. NiftyIT always interrupted a smooth directional buildup happening between these two indices and often confused N50 with false triggers.
4mts chart
The lower high formation and the start of the 2nd leg are more beautiful on BN rather than N50. We expect the IV to go up once BN enters the bearish channel.45788 was the approximate level from which BN had 11 consecutive 63mts GREEN candles. A similar feat with the RED candles would be equally exciting to watch. Somehow the news about the stress tests, redemption pressure, and freeze of new lumpsum investments into small-cap funds, etc may have a spill over effect on the large caps as well. I am still not sure if the markets have priced in the “panic” factor.
63mts chart
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Algo Trading
Our algo trades ended today with a gain of Rs6927. The recovery from minus 25116 was indeed good to watch.
Banknifty live Bears fails to break the levelBanknifty Live trading failed to break the double top pattern.
13 Sep ’23 Post Mortem on BankNifty - weekly expiry special BankNifty Weekly Analysis
Between the last expiry and today BankNifty has gone up an impressive 3.2% ~ 1422pts. Quite a remarkable feat and the major reason why we had a breakout rally. The weekly chart looks pretty loaded up for further gains.
BankNifty Today’s Analysis
Yesterday I remember saying the “rally is still not dead in banknifty” although my view was only moderately bullish. But what we witnessed today was strong bullishness proving me wrong. Today’s intraday swing saw a move of 692pts ~ 1.53% and outperforming the NiftyIT index by a huge margin.
Since we had the weekly expiry today, the options premium started on the lower side. Even though the upward possibility was there, it did not show itself till 11.00. Right after that the option prices started to jump pricing in the mega move that followed. The advantage of using the options flow to guess direction is that it helps you guess the direction with a higher probability. If you club that with the chart patterns - the combination becomes unbeatable.
On the 1hr chart the next resistance should be around the 46302 levels whereas the next support will be 45615. I wish to stay moderately bullish ie. 50% bullish & 50% neutral until the resistance is not taken out. In case we have a beach in support - I wish to go short.
01 Sep ’23 Post Mortem on BankNifty - stance is still neutralBanknifty on the other hand dipped first before reversing unlike Nifty which held its ground in its opening candle. We hit a low of 43830 before reversing in what looked like a dream run. The points gained an impressive 737pts ~ 1.68%.
The bulk of the gains today came in 2 hourly candles @ 12.15 and 13.15 respectively as banknifty had the important milestone of 44068 to get past. Once that was broken out - the path and intent were clear.
Today’s price action in general gave a strong sentiment change to banknifty. Since the resistance was taken out - the bears have been pushed to the back seat. I wish to maintain the stance of neutral till the 44896 swing high is successfully broken.
FASP levels for Bank Nifty 21/08/2023The FASP for BankNifty is listed for 21-08-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
[INTRADAY LEVEL] BANKNIFTY 9 JUN BANKNIFTY 9 JUN
Wave Support imp level 44000-43900
Lets see how market react there is no proper view.
take trade after price action
#BankNifty's route=map for 25th MayPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo-retracement & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
HAVE A GOOD GREEN TRADE
#BankNifty's route=map for 24th May# The drawn Pattern is yet to complete, So just consider the Support & Resistance Levels primarily.
Please have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibonacci retracement & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
HAVE A GOOD GREEN TRADE
#BankNifty's route=map for 23rd May [along with my weekly view]# Pattern is all about my view, may go wrong also. So just consider the Support & Resistance Levels primarily.
Please have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
HAVE A GOOD GREEN TRADE
#BankNifty's route=map for 20th MayPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively.
# Drawn Pattern is just a view, it will be not considered until C point formed at least.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
HAVE A GOOD GREEN TRADE
#BankNifty's route=map for 18th MayPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
HAVE A GOOD GREEN TRADE
#BankNifty's route=map for 17th MayI have mentioned both LONG & SHORT levels along with all support & Resistance levels too as i found important.
Please have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
HAVE A GOOD GREEN TRADE
#BankNifty's route=map for 17th MayPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively. Can be used lower timeframe for ENTRY & Exit. But suggest to see 30 minutes Time-frame at least for price movement confirmation.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
HAVE A GOOD GREEN TRADE
#BankNifty's Expiry special route=map [12th May]Please have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively. Can be used lower timeframe for ENTRY & Exit. But suggest to see 30 minutes Time-frame at least for price movement confirmation.
# To catch Nifty's movements, can take help of my 9th May Chart. That's still working very accurately.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
HAVE A GOOD GREEN TRADE
#BankNifty route=map for 11th MayPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively. Can be used lower timeframe for ENTRY & Exit. But suggest to see 30 minutes Time-frame at least for price movement confirmation.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
HAVE A GOOD GREEN TRADE
#BankNifty's route=map for 10th MayPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively. Can be used lower timeframe for ENTRY & Exit. But suggest to see 30 minutes Time-frame at least for price movement confirmation.
# Haven't uploaded NIfty's route=map, Because there are not need to. can take help with the yesterday's Chart all levels will work as a Support & Resistance.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
HAVE A GOOD GREEN TRADE
#BankNifty's scene on Big screenPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- It's Possible Pattern based chart, if Pattern get Invalid then whole analysis will gone Invalid.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
#BankNifty's Expiry special route=map [5th May]Please have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT, when a fresh candle starts forming above or below the level respectively. Can be used lower timeframe for ENTRY & Exit. But suggest to see 30 minutes Time-frame at least for price movement confirmation.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
HAVE A GOOD GREEN TRADE
