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Bankniftyintraday

FASP levels for Bank Nifty 01/09/2023The FASP for BankNifty is listed for 01-09-2023. 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.
NSE:BANKNIFTY
by SathishChandrasekaran
Banknifty daily analysis for 01/09/23.Banknifty retested the 20 ema and again came for selling. During the opening hour market was volatile and formed a doji. After the retest market came for selling and touched 44000 levels and recovered. The market has closed 240 points lower. On the hourly charts, it traded below the moving averages and closed below it. It has taken a good support around 44000 levels and is still around it. On 15 minute time frame, the market took rejection from 200 ema and after took resistance from 20 ema. The market has closed below both the moving averages. The market for 2 consecutive day has given a fall and being a monthly expiry market didn't give much move in the second half of the session. Support :- 43950, 43750 Resistance :- 44100, 44350 The market has show some sell off in last 2 session and it may take a halt, if there is a gap up opening. Otherwise, it can again come for selling. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty monthly expiry analysis for 31/08/23.Banknifty is way more bearish than nifty. It has again not sustained the gap up and came for selling from the first hour of the session. The market is unable to close above the 20 ema and has agian closed below the levels after a gap up. It lost around 600 points from day high, the second half of the market gave a 400 points downside move, closing 260 points lower. On the hourly charts, market has closed below both the moving averages and took support around 44200 level. Today's daily candle has formed a engulfing candle and the RSI indicator is also showing some bearish divergence. Banknifty is trading in a wide range and is coming for selling as the buyer are getting exhausting on those levels. The seller seems to be promising and can take market down. Watch for the swing of 43400 to break for a short bearish trend. Tomorrow is a monthly expiry and banknifty can give a nice trending market has it has been consolidating. Tomorrow can be a day of option buyer. Bearish trades should be carried on with partial booking and trailing stop loss. Support :- 44170, 44000 Resistance :- 44350, 44500 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
#Banknifty"Good morning! As of August 2nd, the global market sentiment is positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a gap-up. Therefore, there is no significant difference from the last session. If the market sharply rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks below the 38% Fib level, then the correction will probably persist."#nifty #banknifty #finnifty
NSE:BANKNIFTY
by Manickamtraders
FASP levels for Bank Nifty 30/08/2023The FASP for BankNifty is listed for 30-08-2023. 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.
NSE:BANKNIFTY
by SathishChandrasekaran
Bank Nifty future chart analysis for 30.08.2023If price goes above 44636, then it may easily reach to the level of 44779, if price takes resistance at 44779 then price may go sideways , crossing above 44779, price may be much stronger and may reach 44931 and above . If price goes below 44387 then you can see a burst and extreme weeaknes in price and price may go down to the l;evel 44101, special level is -44445 , if price opens near previous closing and goes below 44445, then you can go short.
NSE:BANKNIFTY1!
by stoxway
Banknifty daily analysis for 30/08/23.Banknifty is constantly struggling to clear the 20 ema and today also after a gap up opening it has closed near to the moving average. The market is not going in a flow and is creating volatility. Option seller are making profits while option buyer are not getting much opportunity. On the hourly charts, it has closed between both the moving averages and has taking support from 20 ema. Trades will be there once the trend is decided in the markets. On 15 minutes chart, market has closed between both the moving averages and is close to the 20 ema. There are sellers around 44600 levels which pushing market down. Banknifty is still holding the levels of 44500 and has closed flat. Support :- 44480, 44350, 44180 Resistance :- 44580, 44700 Support and resistance are nearby that will not give a good R:R ratio for option buyers. Trades should be initiated once the market clear the range of 44350-44700. In between there will be a volatile market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
#banknifty"Good morning! As of August 2nd, there is no significant difference compared to the last session. The global market sentiment is slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a slight gap-up. Therefore, we can expect a minor pullback afterward. If the market rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks the 38% Fib level, then the correction will probably persist."#nifty #banknifty #finnifty
NSE:BANKNIFTY
by Manickamtraders
28 Aug ’23 Post Mortem on BankNifty - support respected, bullishBanknifty was in tremendous form today, it seemed like it came prepared to rally today. Even though point wise we had only a 403pts ~ 0.91% intraday swing, the context was so important. Firstly banknifty defended the 44068 support below which it would have got a serious bearish bias. Secondly we had a breakout on 24th Aug where we went up till 44949. Today’s price action gave hope & meaning to it. Banknifty usually reacts first in a trend change, most likely if we have a strong session tomorrow due to Finnifty expiry (mostly banks) then Nifty is also likely to breakout from the bearish channel. On the 1hr chart Banknifty has broken out from the falling wedge and also rejected the support @ 44068. I wish to look out for bullish opportunities for tomorrow as long as the current structure is maintained. A breach of support 44068 will force me to change stance from bullish to bearish.
NSE:BANKNIFTYLong
by viswaram
Banknifty daily analysis for 29/08/23.Banknifty looked positive today and has closed above the round level of 44500, closing 260 above. Still market faced rejection from 20 ema and has closed just below the levels. Though the market has formed a green candle, this might be a retracement of the previous swing for another bearish move. Market is standing around the 61.8% fib levels and has not closed above the levels. On the hourly charts, market has closed between both the moving averages and is taking resistance from 200 ema. There is not clear trend in the market. Watch for a clearer view to enter the trades. On 15 minute time frame, there is a bullish moving averages cross over and has closed above both the EMAs. Support :- 44480, 44350, 44182 Reesistance :- 44550, 44690 Market are approaching the monthly expiry and hasn't moved much in previous trading session. There will be a momentum in coming session. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
#banknifty"Good morning! As of August 28th, the global market sentiment is slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a slight gap-up. Therefore, we can expect a minor pullback afterward. If the market rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain, then the correction will probably persist."
NSE:BANKNIFTY
by Manickamtraders
Banknifty weekly view for 28/08/23.Banknifty has formed a gravestone doji after retesting 50% fibonacci level of the recent swing. It has retest the upper levels after taking support from the 20 ema on weekly charts and is trading above the level. On the daily charts, the market has been trading below the 20 ema and hasn't closed above the moving averages. There was a gap up opening above the moving averages but it couldn't sustain above the level and closed below it. Banknifty has some support cushion below and there will be a good sell off once market start trading below 43400 levels which is the previous swing low. On the hourly charts, in the last trading session, market traded below both the moving averages. It took support around 44000 levels and recover quickly after testing the levels and remained volatile after the sudden boom. There is Cup and handle formation, on 15 minutes charts. The moving averages are close enough and market has closed below both the moving averages. Support :- 44000, 43750 Resistance :- 44475, 44690 The markets are still volatile and even on the last trading session didn't gave any trending move. Watch markets carefully as the support and resistance are nearby. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
#banknifty"Good morning! As of August 23rd, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might open neutrally, suggesting a ranging market. If it breaks yesterday's high after the neutral opening, we can expect a pullback continuation. On the other hand, if the initial market declines, it will likely undergo a minimum 78% Fibonacci correction. After that, if it rejects around the 78% level, we can expect a pullback. Conversely, if it consolidates or breaks the 78% level, the correction is likely to continue."
NSE:BANKNIFTY
by Manickamtraders
#banknifty"Good morning! As of August 22nd, the global market sentiment is neutral (based on the Dow Jones alone), while the market trend is moderately bullish. The market might open neutrally. if it breaks yesterday's high after the neutral opening, we can expect a pullback continuation. On the other hand, if the initial market declines, it will likely undergo a minimum 61% Fib correction. After that, if it rejects around 61%, we can expect a pullback. Conversely, if it consolidates or breaks the 61% level, the correction is likely to continue."
NSE:BANKNIFTY
by Manickamtraders
#banknifty"Good morning! As of August 17th, there isn't a significant difference from the last session. The global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a range-bound market or a pullback continuation. If it breaks the immediate support zone, then the correction will likely continue."
NSE:BANKNIFTY
by Manickamtraders
FASP levels for Bank Nifty 16/08/2023The FASP for BankNifty is listed for 16-08-2023. 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.
NSE:BANKNIFTY
by SathishChandrasekaran
#banknifty"Good morning! As of August 14th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), There is no significant difference from the last session. While the market trend is bearish. Therefore, there might be a start with a minor gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. or if it breaks it(immediate support zone), then the correction will likely continue. On the other hand, if the initial market shows a positive start, we can expect a ranging market."
NSE:BANKNIFTY
by Manickamtraders
1
Banknifty future chart analysis for 14-08-2023As you can see here that bollinger bands are in squeeze mode, and price after rejection from median line (Orange), taking support at standard deviation two (Red), if price goes below standard deviation two , you may see a burst in bollinger bands and price will go much lower side achieving all targets given by me. 44624 is a strong resistance if price trying to retrace from here , go short for the target of 44341. if price goes above 44624 then it may easily reach to the level of 44807, and may again retrace back to 44624, crossing above 44807 may push it toward final target.
NSE:BANKNIFTY1!
by stoxway