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Bankniftyintraday

Bank Nifty Still in confusion state. Weekly prediction(19/16/23)A nice expiry this week and a good reversal too. Banknifty on the weekly expiry has given a very nice move of 500+ points and the option premium took a toll from the first hour. Though, the market has formed a Harami pattern(bullish reversal) on the daily charts and a dragon fly doji on the weekly charts. For last 3 weeks, it has been closing in a range of 400 points. It has also given close above the 20 EMA on the daily charts after giving a closed below it on expiry. It might be a fake out and markets are ready to touch new Highs. This is also the third time that the market have tested the 43450 levels and recovered quickly. Buyers are there forming a Supply zone. Another pattern is also being formed on the daily charts and if it goes to beark down the neck line very good momentum can be gained. On the hourly charts, the market trading close to both the moving averages. Either side movement can be taken using the MA Setup. Major Support:- 43840, 43400 Major Resistance :- 44120, 44435 Positional and swing trades can be entered only when market sustain above 44430 or below 44400. Intraday and scalping trades can be produced in the zone. Wait and watch for the market movement and price action near the levels before entering the trade.
NSE:BANKNIFTY
by Mambotrade
BANKNIFTY 16th june tradeHello traders Hope you guys have made great profit today after breaking my level of 44050 for the target of 43750 and 43550 which is achieved today in expiry. If you see the post that are posted yesterday you will learn and earn great in share market. For now buying level will activate after crossing 43550 level and sustain above for some time then go for 43750 level again. but if it not crossed and make some bearish candle go for sell. For selling we can see the level of 43070 level which is market in chart and again i am telling you guys trade with only that much quantity which you can handle and not attached emotionally with it or you will be exit in 1-5 rupees and taking losses beyond your limit which is just a gambling. Hope you understand this market and learn something from it. Thanks
NSE:BANKNIFTYShort
by Green_Red_Blood
FASP levels for Bank Nifty 16/06/2023The FASP for BankNifty is listed for 16-06-2023. 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 15/06/23 (weekly expiry).Banknifty has consolidated whole day after the first hour fall. A bearish candle on the daily charts have been formed and has consolidated for 3-4 days in a range. The market has consolidated whole day in 60 points range. It constantly hit the hourly 20 EMA and faced rejection. There is much probability of a 300-400 points move either side as tomorrow is expiry. On 15 minutes chart, the market traded around the 20 EMA and closed below both the moving averages. Support:- 43940, 43820 Resistance :- 44120-170, 44435 Market has halted at the same levels for 3-4 day and the breakout/break down can give nice targets. Watch for confirmation of your setup and enter. Wait for the price action near the price levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
#BankniftyGood morning! As of June 13th, the global market indicates a positive start, with a bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect pullback continuation with minor consolidation. However, the notable point here is that Nifty has a single bending wave (C), while Banknifty has three bending waves (ABC). Therefore, the market might follow the trend of whichever one is dominating. Simply put, if Nifty undergoes a correction after completing the "C" leg, Banknifty will turn the range market into a correction without finishing three waves. Conversely, if Banknifty dominates the market, Nifty might experience consolidation before a pullback continuation, ranging from 61% to 78%. On the other hand, if the initial market declines sharply, we can expect a range-bound market or correction.
NSE:BANKNIFTY
by Manickamtraders
#BankniftyGood morning! As of June 12th, the global market indicates a positive start, with a bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect pullback continuation with minor consolidation. Structurally, this pullback wave is the 2nd wave, so once it reaches Fibonacci levels of 44292 or 78%, we can expect a correction. On the other hand, if the initial market declines sharply, we can expect a range-bound market or correction. It should break yesterday's low.
NSE:BANKNIFTY
by Manickamtraders
Banknifty daily analysis for 09/06/23.A great bearish move in banknifty, it has broken the recent support of 44000-50 and closed below it. The market has given a bearish engulfing candle engulfing 3 previous day's candle. Banknifty was trading around ATH in the morning session and in the second half has given a nice move of more than 350 points. Being a expiry, there was a good opporunity in the last hour. On the hourly charts, market has broken the 20 ema and closed well below it. Support :- 43850, 43710 Resistance :- 44050, 44200-240 Market has given both side move today. It can take a halt or fall futher to test lower levels. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
#BankniftyGood morning! As of June 8th, the global market indicates a neutral to slightly positive start, with moderately bullish market sentiment. It might open with a neutral tone. After that, if it experiences a sharp pullback, that's a sign of sub-wave 3rd continuation. If it rejects around the major key resistance zone, we can expect a 4th minor correction and a 5th pullback wave. Once the 5th wave is complete, we can expect a correctional (abc) structure. If you want additional confirmation, then use EMA 20 and fib 38% level. If it breaks EMA 20 and the fib level of 38%, that's a sign of a trend reversal.
NSE:BANKNIFTY
by Manickamtraders