BANKNIFTY CHART ANALYSED FOR 13th APRIL Did exactly what we’ve analysed yesterday !!
Now the important levels mentioned in chart must be taken into note
Tomorrow’s market will totally be based on its opening , if opens gap down with breach of lower levels one can again short
If opens flat to some positive, inside candle with sideways to volatile market is expected!!
Wont suggest trading tomorrow unless the following mentioned levels are breached with proper candle close ✅
Bankniftyidea
BANKNIFTY CHART ANALYSED FOR 31st MARCH 2021Did exactly what we discussed yesterday
~ opened above 33600 and one sided rally made till 33950 then the market remained sideways through the day
NOW WHAT FOR TOMORROW??
Since BANKNIFTY remained sideways through the day it gave us the potential levels for tomorrow,
we can also see INVERTED HEAD AND SHOULDERS PATTERN which is also a BULLISH continuation pattern
So the levels stand as 33950 as its first resistance and breaking of that very level with proper candle close can lead to good 400-500 moves 🔥
Below we can see 33600 standing as an important SUPPORT being tested multiple times and also the gaps below which is still unfilled that can be filled with breaking of this support
Till the levels are broken, stay idle and wait for these levels to get breached 🙏🏼
BANKNIFTY ANALYSED FOR 23 rd MARCH 2021We can see real interesting closing for the day as it couldn’t break last trading sessions low making 33400 level as important support for tomorrow and a must watch !
Since NIFTY on the other hand showed some strength as closed above than BANKNIFTY still BANKNIFTY being weak we’ll watch out 33400 level cause break of that very level can lead to easy 400-600 points fall and fill all its gap
Make sure 33400 level is well broken with proper close, we can again see HUGE VOLATILITY as NIFTY being weak and also SUPREME COURT moratorium hearing will lead to more intensive movement🚨
Bank Nifty Intraday Trade Setup | 12th March 2021As per our analysis for March 10th, BankNifty was in the range between our Buy and Sell levels, it was a good day for option writers and scalpers. We sold SBI, HDFC Bank, and 36200 CE and all trades gave great profits.
Expectations for Tomorrow: Gap up opening
Resistance: 36372
Support: 35742
Intraday Levels:
Buy Above 36200
Sell Below 35800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bank Nifty Intraday Trade Setup | 17th Feb 2021As we analyzed BankNifty of 37708 against our resistance level of 37700 and came down to 37672. Our sell trade triggered at 37200 and all our targets met. For tomorrow, I am expecting a flat to minor gap-up opening.
Resistance: 37400
Support: 36700
Intraday levels for next session:
Buy Above 37170 for the targets of 37290, 37370, and 37450
Sell Below 36950 for the targets of 36810, 36700, and 36600
SL for both trades would be 37060.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bank Nifty Intraday Trade Setup | 16th Feb 2021We analyzed yesterday we got 1000 points trade and it was easy for option buyers, 37000 CE went from 170 to 800. Tomorrow, I am expecting a gap-up opening.
Resistance: 37700
Support: 36900
Intraday levels for next session:
Buy Above 37400 for the targets of 37500, 37600, and 37700. SL for the Buy Trade would be 37290.
Sell Below 37200 for the targets of 37100, 37100, and 37000. SL for the Sell Trade would be 37310.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Banknifty Monthly Expiry - JanBNF is trending for the past 3 days and I am expecting a sideways market.
Upper Level - 30900
Lower Level - 30300
If market opens gap up, then it will take support at today's closing price and move up, bc the put side premiums are very high.
If market opens flat, then it can continue downwards, but I will be careful towards selling, bc sellers are already in good profits.
BANKNIFTY Weekly Analysis - 28th Jan Monthly ExpiryBNF will definitely retrace and I am mostly expecting a sideways market bc Annual Budget is near and after that we can see a clear trend.
I have marked the Fibonacci levels and expecting BNF to retrace to 38.2 and 50 % levels respectively before continuing the major trend reversal which we can expect since the market is too overstretched.
BANKNIFTY ANALYSIS - Jan 13Case 1 - BNF opens flat (within 60 points range and crosses 32350, a long trade can be initiated.
Case 2 - Market opens big gap-up, it can reverse from 32500 (bc psychological level) or it can touch all time high and then reverse.
Case 3 - Market crosses 32200 level, a short setup can be made.
Since it will be Wednesday, PUT SIDE premiums need to be adjusted, so I will be more comfortable in selling call option rather than put, since the market is already too overstretched.
Let's see what happens.
Cheers.
BankNifty Intraday Trade | Jan. 11th 2021Buy above 32225 for the targets of 32350, 32425, and 32500. SL for the Buy Trade would be 32240.
Sell Below 32000 for the targets of 31900, 31800, and 31700. SL for the Sell Trade would be 32110.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANKNIFTY - Jan 4 AnalysisWe can see market has given a breakout of 15 min range in the end.
Case 1 - Market opens big gap up, comes down, takes support and shows bullish sign then I will go long.
Case 2 - Market opens flat and form 5 min bullish candle above the range, I will go long
Case 3 - Market is within the range and consolidates and breaks down the 15 min range, I will go short.
This is my trading plan to execute with my risk management policies.
Don't rush, Wait Patiently and Trust the Process.
Banknifty Weekly Analysis - Jan 7th ExpiryAs long as Banknifty is trading in between the purple range, I am not expecting any big movement as such and hence will go for scalping trades if any.
Let's wait patiently for the market to breakout/breakdown of the range.
Nifty has already made an all time high, which is a good indication that Banknifty might also touch all time high before a big correction which is still pending.
However, I will be more aggressive towards selling rather than buying because the market is already too overstretched.
Don't rush.
Wait Patiently.
Preserve your Capital.
Cheers.