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Bankniftyidea

BankNifty Intraday view for 16-08-2021Good evening all, I am going to stick my neck out to optimistically be 'long' here. If not that, 36250 - 36000 is the range where it'll be. 36320 is a strong resistance level that has been tested 2wice before. We need that to break and then we will fly to the moon and back. As you can see, short is tricky. So: Long side view: Buy above 36230 Target 1 - 36275 Target 2 - 36320 Target 3 - 36420 (Long SL - 36115) --------------- Short side view: Sell below 35990 Target 1 - 35935 Target 2 - 35870 Target 3 - 35800 (Short SL - 36115) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTYLong
by ChartMantra
2
BankNifty Intraday view for 13-08-2021Good evening all, Like I suggested yesterday, the market was rangebound between 35950 - 35780 most of the day today but for the last 15 minutes where it broke it's intraday resistance of 35960. For tomorrow, the morning is going to be very important where I reckon a pullback to 35960-50 and then when it crosses over 36000 again, a 'long'. I don't see a short from here. Either Long or rangebound. So: Long side view: Buy above 36000 Target 1 - 36075 Target 2 - 36145 Target 3 - 36225 Target 4 zone 36280 - 36315 (Long SL - 35880) --------------- Short side view: Sell below 35780 Target 1 - 35700 Target 2 zone 35655 - 35615 Target 3 zone 35560 - 35530 below this, trail your SL (Short SL - 35880) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
5
BankNifty Intraday view for 12-08-2021Good evening all, It was a good day for trading. No? Met the first target on the 'long' side in 15 minutes after a pullback and then achieved two targets on the 'short' side. Tomorrow is the weekly expiry and the index is poised at a level from where it will either climb up to around 300-400 points or be sideways within a range of 200 points. Short looks tricky from where we stand as it has taken from the hourly support mark. But then hey.... So: Long side view: Buy above 35900 Target 1 zone 36000 - 36050 Target 2 - 36145 Target 3 - 36225 Target 4 - 36315 (Long SL - 100 points) --------------- Short side view: Sell below 35715 Target 1 - 35655 Target 2 zone 35585 - 35525 (be careful of the hourly dynamic support) below this, trail your SL (Short SL - 36000) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
BankNifty Intraday view for 11-08-2021Good evening all, Today was a bad day at the office. Had a stop after a very long time. The market was mostly in range a slipped drastically after activating our 'long' entry. While it did offer us, is 100 points, Apologies for the final target not being met. For tomorrow, the day will be as tricky as today and we need to be careful. The market is in a range between 36300 and 35650. And for us to trade intraday, levels have been marked but the momentum will be missing. It will only happen when the range gets broken. Long side view: Buy above 36100 Target 1 - 36160 Target 2 zone 36285 - 36320 above this, trail your SL (and pray this happens) (Long SL - 36000) --------------- Short side view: Sell below 35860 Target 1 zone 35780 - 35760 Target 2 zone 35700 - 35655 below this, trail your SL (Short SL - 36000) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
How to trade Dragonfly Candlestick ?Hello Everyone, I have tried my best to explain, How to trade Dragonfly Candlestick pattern ? Here, most imp point to consider is the Confirmation Candle ... why? 1. Market opened Gap down and was in the down trend, which broke the major Support level of 35000. 2. Now, this broken Support level would act as Resistance Level when market tries to reverse taking support of Trend Line . 3. At the same time, there was a formation of Dragonfly Candlestick indicating a Bullish move, so we should not immediately enter into trade as soon as formation of Dragonfly or Bullish Candle ...Why ? a. We have an immediate Resistance Level of 35000. b. If we enter as soon after completion of Bullish candle (Dragonfly), then our Stop Loss would be too big ... which is not good. c. Also, the Bullish movement is not confirmed yet, so we should wait for confirmation candle. 4. Here, we see Confirmation candle breaking the immediate Resistance level and closing at the 35000 level. 5. Now, if we take trade after Closing of confirmation candle then Most Imp is Stop becomes very small compared to previous entry and we can see our target is achieved. I hope you all like my teaching. Please do share your thoughts/queries into comment section. Please give a like, it motivates me to do more and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
BANKNIFTY ABSORBED THE WORLD MARKET PRESSURE! NOW WHAT?? Beautiful REVERSAL was seen yesterday from 34000 levels which was pretty much expected as yesterday’s low was well respected and not broken, the reason behind the reversal was that as you go back around 21st of May you can see 34000 level has been acting a good RESISTANCE, and it’s very break gave spontaneous 400-600 point move in one go ! Now what ? It is expected that BANKNIFTY will take a halt after this huge move which will also make today as PREMIUM EATING DAY so be cautious trading on index options On the other hand if given RESISTANCES are broken it is again expected to carry on its bull run but wait for the candle close confirmation
NSE:BANKNIFTY
by Wealthcam
BANKNIFTY IN RISING WEDGE PATTERN ( CAUTION )BANKNIFTY at real crucial levels, though the trend is bullish as of now , it has been forming RISING WEDGE pattern which is also known as REVERSAL pattern to some extent but don’t worry! We’ll wait for its confirmation before we take any action☑️ Till now market specifically is bullish and also formed an inverted head and shoulders pattern being 35730 as its NECKLINE, break of that very level with proper candle close may take BANKNIFTY to 36000 in no time Also RBI MONETARY POLICY HEARING tomorrow can add fuel to the fire ! Expecting huge moves tomrrow But also keep note of the following pattern ✅
NSE:BANKNIFTY
by Wealthcam
Banknifty sentiment analysis for todayHello Traders! Good morning to all.. > yesterday market performed more than expected. Thanks to call option sellers. > Today also SGX Nifty indicating positive start > Since we have moved more than 4%. I am expecting the market to trade between yesterday's range. > By yesterdays close we had the max pain at 33000. So we can expect the market to give a pull back for new buyers to get in. > US & Europe both are down. > PCR is negative @ ATM strike > On covid front new cases are increasing in south and north is dropping from all time high. > Support and resistance on the chart. Be safe and Manage your risk reward. Idea provided for educational purpose only.
NSE:BANKNIFTY
by VigneshkumarR
Banknifty support and resistance for tomorrow Hello friends! > Last session ended up negative due to both FII & DII selling. > Clients have turned to be the only buyers in the market. > Both FII and DII are long in Put option, expecting the market to go down. > OI support and resistance @ 33000 & 32000 > Maxpain @ 32500 > Due to weekend tomorrow we may find less liquidity. > SGX nifty is the only Asian index in green rest all are in red. > Europe & US are slightly positive. > Support & Resistance on chart. Idea provided for educational purpose only.
NSE:BANKNIFTY
by VigneshkumarR
BANKNIFTY CHART ANALYSED FOR 7th MAY BANKNIFTY AT VERY CRUCIAL LEVELS We can expect UNIDIRECTIONAL MOVE if 33000 is broken with proper candle close for going long Reasons being :- Banknifty has been consolidating since last 2-3 trading sessions and this accumulation breakout can give huge movements Formation of CUP and HANDLE pattern which is also a bullish continuation pattern moreover it has formed ascending triangle pattern which signifies strong bullishness if 33000 mark is broken with proper candle close 33000 is a psychological level which has been respected and tested for 2-3 times making that resistance weak and hence breaking of that very resistance can give at least 200-300 points UNIDIRECTIONAL move ✅ MAKE SURE ONLY GO LONG IF 33000 mark is broken with proper candle close 🙏🏼
NSE:BANKNIFTY
by Wealthcam
3
BANKNIFTY CHART ANALYSED FOR 16 APRILImportant levels to watch mentioned in chart ✅ We can see rising wedge pattern which is also known as reversal pattern frequently seen in bear market !!! We can see some upmove to fill the pending gap in the first half and then continue its falling!! Make sure the levels are breached to take any positions !! All the LEVELS provided stands much important as they’ve tested many times, rejected by both bulls and bears and hence breach of those levels with proper candle close can give unidirectional move ✅
NSE:BANKNIFTY
by Wealthcam
1