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Bankniftyintraday

Banknifty daily analysis for 21/07/23.A 500 points rally took banknifty past 46k levels and market has closed above it. During the morning hour market consolidated and in the second half gave a rally of more than 400 points touching 46200 levels. On the hourly charts, the breakout of the previous day high gave a 350 points rally during the last hours. A sideway to bullish market will be there. Buy on dips is going on the market. Support :- 45850, 45370 Resistance :- 46250, 46885(fibonacci level) 200-300 points rally is there as per the flag and pole pattern break out. Watch the market closely before entering any bearish trade. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
#bankniftyGood morning! As of July 20th, the global market is indicating a positive start with GIFT Nifty showing a +2 points increase, resulting in a moderate bullish market sentiment. There is no significant difference compared to the last session, and there is a possibility of a slight gap-up opening. If the market maintains its structure, we can expect a rally continuation with minor corrections. However, in the event of a sharp decline in the initial market, we can anticipate only a minor correction.
NSE:BANKNIFTY
by Manickamtraders
2
FASP levels for Bank Nifty 20/07/2023The FASP for BankNifty is listed for 20-07-2023. 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
FASP levels for Bank Nifty 19/07/2023The FASP for BankNifty is listed for 19-07-2023. 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
14 Jul '23 Post Mortem on BankNifty - 348pts in 50mts race car!Banknifty on the other hand a totally contradicting price action that of Nifty50. If you have read my previous reports, I was continuing to look for bearish opportunities. The fall from the open to the low of the day was 375pts ~ 0.83%. This along with the previous day's price action would be more than enough for any chartist to go bearish. Thats when the surprise unleashed! A rally of 348pts ~ 0.78% in the last 50mts of trade. This also took out the bearish trend line. Yesterday we had a brief moment of trade above the bearish channel but that got negated. But today's breakout can be considered valid since we closed strong. My bearish bet is over & I continue to be neutral on banknifty. If it takes out 45117 level in the next day - I will start looking for bullish opportunities.
NSE:BANKNIFTY
by viswaram
Banknifty daily analysis for 14/07/23.Market today has closed flat. In the morning even after a gap up market tried to cross and sustain above 45k levels but couldn't sustain and there was a sell off in the second half given nice sell opportunity. Option premium on the PE side gained almost 200%. Today was option buyers day and a trending market in the second half. Banknifty lost around 500 points from the day high and started closing below 44700 level (previous support). On the hourly charts, market are unable to sustain above 20 ema. On the smaller time frame, moving averages close enough and are converging and diverging. There is a bearish move in the banknifty as it is not crossing the previous high and lower high lower low formation is going on. Support :- 44610, 44450 Resistance :- 44780, 45060 While moving up market has formed many gaps and it is filling it slowly. If the market start trading below 44600 levels, 44500 levels will be tested. Buyer and seller are still in confusion where to take the market. Let there be a trend and follow it. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty daily analysis for 13/07/23 (weekly analysis).Banknifty today has given a consolidation and a break down in the last hour of the trading session. The market has tested the 50% fibonacci level today and is closed to the daily 20 Ema. The market is in the bullish move and can continue the up move if it reverse from the golden ratio. On the hourly charts, market has taken resistance from the 20 ema and closed between both the moving averages. The last hour candle has given some negative movement but is still following a trend line. There is a bearish moving averages cross over, on 15 minutes charts, and has constantly taken rejection from the 20o ema. Support :- 44450, 44210 Resistance :-44750-70, 44925 If there is a gap up and market continues to move up and continues to move up, there are chances of break out of the parallel channel which market is following. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
11 Jul ’23 Post Mortem on BankNifty - A lower low formation?Banknifty had a classic bearish pattern today. Opening gap up which was due to positive handout from global markets, then a rally of 205pts till 12.05. From there BN really lost the cool and was falling heavily. We had a total fall of 475pts ~ 1.05% till 15.05. If you compare the same time frame with Nifty - you will understand how N50 fared better. It did fall but was having a control. HDFCBK, ICICI, SBI, AXIS looked weak in the afternoon. Till 13.30 all these banks were almost in the green level. I am not quite sure on the reason for the fall, it could be due to Finnifty Expiry. However the options data was showing outright bearishness in the afternoon session. A lower low formation and breach of the 44780 level (even for a brief period) could open up the downside possibilities in the coming days. It may even restrict Nifty50's upside dreams.
NSE:BANKNIFTYShort
by viswaram
Banknifty daily analysis for 12/07/23.Banknifty fell around 400 points in the second half from the day's high but respected the support zone and closed above the 44700 levels. A nice bearish candle has been formed on the daily charts and closed 120 points lower after a gap up of same number. It tried to cross the 45k levels and sustained above it in the first half. But market took a U-turn and travelled lower touching 44660 levels. On the hourly charts, market has closed below the 20 ema and the huge red candles shows some weakness in the finance market. Support :- 44700, 44450 Resistance :- 44925, 45120 Market has formed resistances near by and the supports are still away to be tested. If the market start trading below 44700 levels, it can give 44500 as a target Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
#banknifty"Good morning! As of July 10th, the global market is showing a negative start with moderately bearish market sentiment. It might open with a gap-down. If it breaks the immediate support zone after the opening, we can expect the correction to continue. On the other hand, if the initial market experiences a sharp pullback, we can expect a minimum of 38% to 61% Fib pullback. After that, if it sustains, we can expect the pullback to continue. however, if it takes decline then we can expect correction continuation"
NSE:BANKNIFTY
by Manickamtraders