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Bankniftyintraday

FASP levels for Bank Nifty 07/07/2023The FASP for BankNifty is listed for 07-07-2023. 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
Banknifty daily analysis for 06/07/23.Banknifty has been forming doji after doji. Market opened 160 points lower and during the first trading hour travelled both side and forming doji. On the hourly charts, market took support from the 20 EMA and closed above the levels. The market traded inside the first hour candle and consolidated whole day. The markets is holding the higher levels and is in a sideways mode. Banknifty remained inside 200 points after the first hour volatility. On 15 minutes time frame, the market traded around the 20 ema and took resistance from the levels. It closed near the levels. Support :- 45020, 44780 Resistance :- 45360 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
04 Jul '23 Post Mortem on BankNifty BN chart is interesting today, again just like N50 we had a falling 45mts open wherein BN lost 0.8% to go below prev. close. From there it reversed and then rallied 1.46% ~ 655pts to hit a new ATH of 45655 by 13.30 mainly due to the rally in SBIN, KOTAKBANK. PNB +5.94%, FEDERALBANK +3.49% even though their weightage on the index is not that heavy. Again the PUT writing was similar to N50, at a time we had all the PEs and CEs in green today (very rare). The call writers were searching for a opportunity to catch the reversal, even though we had a fall of 0.97% ~ 441pts between 13.30 to 14.25 — nobody would have really capitalized on it. 1hr TF BN chart pattern unlike N50 was not compelling me to call for a top yesterday. But today I think it is showing some signs of a nearby top formation. The fall in the 13.15 hourly candle quite nearly showed the exhaustion. But these are different times & markets are really going up. The breakout rally sure does have some mileage & it will take some time for a good reversal to come.
NSE:BANKNIFTY
by viswaram
03 Jul '23 Post Mortem on BankNiftyBN had a different style of price action today comparing with N50. The open was gap-up & the rush to hit the HOD at 09.55 was similar. But what followed from there had minor changes. 1. The fall of 0.69% ~ 312pts from the top did have an impact on the momentum 2. Unlike N50, BN did not persist at the HOD levels after the first retracement. N50 had 3 more attempts at the top, it even ended at the top. One of the reason would be surge in stocks like ITC & RELIANCE which are not part of BN. From the options flow I could not detect any aggressive shorts getting written for BN unlike N50 - so I am not calling a top for BN today! Tomorrow's Finnifty expiry might really set the tone for banknifty as well. And the HDFC-HDFCBK merger, delisting & relisting has to be contained. If HDFCBK assumes 44 to 46% in banknifty & Finnifty - it wont look good from an index management perspective. Quite sure the officials will do something on it soon. 1hr TF Today's island formation really stands out, unlike N50 the other 3 days are not perfect islands as BN has closed the gaps quite cleanly. The nearest support is at 44068 ie 1100pts below. These are uncharted territory & the price behavior could get even more volatile. Always remember to wear your options trading seat-belts for BN :)
NSE:BANKNIFTY
by viswaram
#banknifty"Good morning! As of June 27th, The global market is showing a neutral to a slightly positive start with a moderately bearish market sentiment. There is a possibility of a slight gap-up opening. If the market experiences a pullback afterward, we can expect a minor pullback to reach the immediate resistance zone. If the market turns around there, we can anticipate a correction. Alternatively, if it breaks, we can expect a pullback continuation. On the other hand, if the initial market decline is sharp, the correction will likely continue with minor pullbacks."
NSE:BANKNIFTY
by Manickamtraders
#Banknifty"Good morning! As of June 26th, the same sentiment continues; there is no significant difference compared to the last session. The global market is showing a neutral to slightly positive start with a moderately bearish market sentiment. There is a possibility of a slight gap-up opening. If the market experiences a pullback afterward, we can expect a minor pullback to reach the immediate resistance zone. If the market turns around there, we can anticipate a correction. Alternatively, if it breaks, we can expect a pullback continuation. On the other hand, if the initial market decline is sharp, the correction will likely continue with minor pullbacks."
NSE:BANKNIFTY
by Manickamtraders
Banknifty weekly analysis for last week of June (26/06/23).Banknifty on the weekly charts has been forming doji after doji and has lost 300 points on week to week close. It has been consolidating on the higher levels but nifty is not supporting the up move. As nifty is still to form a new ATH whereas, banknifty has formed a new ATH. On the daily charts, market has formed a perfect doji candle after a gap down opening. Banknifty has closed below the 20 EMA and if it breaks down below 43400 levels it can test the 200 EMA. The moving averages, on the hourly charts, have converged and are close to each other. Market are yet to decide the trend. Bearish moving averages crossover is there, on 15 minutes time frame, and market has been taking rejection from 20 EMA . Support :- 43400, 43120 Resistance :- 43760, 44050 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
Banknifty analysis for weekly expiry 22/06/23.Banknifty has been trading in a single candle for 4 days. It has closed near the Daily 20EMA. Market has been respecting a trend line and it taking serious rejection from the line. Its break out can give recent high 44500 as target. A kind of cup and handle is also being formed, on the hourly charts, and bullish moving averages cross over is also there. On 15 minutes time frame, there is also bullish moving average cross over, and market has closed above both moving averages. Support :- 43700, 43400 Resistance :- 43910, 44050 Wait for the price action near the levels before entering the market. If Nifty breaks the ATH, there are chances of Banknifty travelling to its recent high and even form a new ATH.
NSE:BANKNIFTY
by Mambotrade