FASP levels for Bank Nifty 31/01/2023The FASP for BankNifty is listed for 31-1-2023 . 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.
Bankniftyintraday
FASP levels for Bank Nifty 30/01/2023The FASP for BankNifty is listed for 30-1-2023 . 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.
FASP levels for Bank Nifty 24/01/2023The FASP for BankNifty is listed for 24-1-2023 . 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.
BANKNIFTY ANALYSIS AND PREDICTIONS FOR 19 JANUARY 2023From 5th January onwards we have seen that Banknifty is stuck between 41720 - 42745 is creating a sine wave pattern.
If we look at banknifty chart in a broader time frame we will see that price is consolidating in this range preparing for a breakout to a new Banknifty high.
SCENARIO 1
If we see a gap up and Banknifty opens above or around 42745 then we may see a Thursday weekly expiry between 43000 - 43350.
SCENARIO 2
If we have a flat opening and the price break the 42745 resistance we can see momentum in the second half and the price can go upto 42500 but the expiry will be between 43000 - 43350.
SCENARIO 3
If we see a gap down opening and the price respects the support i.e 41726 then we can see an expiry between 42400 - 42700 or in the later half we can see a price breaking the level 42745. If the price breaks the support zone then in the coming days we can see a huge break down even below 40000 in the coming weeks.
✅ BANKNIFTY SUPPORT AND RESISTANCE LEVELS
SUPPORT ZONE - 41720 - 41928
RESISTANCE 1 - 42310
RESISTANCE 2 - 42735
RESISTANCE 3 - 43195
#BANKNIFTYOPTIONS TO WATCH
19 JANUARY 42600 CE
19 JANUARY 42200 PE
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BankNifty-11/01/2023-LevelsHello Traders, Welcome to SriTrader5121
____________________________________
BankNifty-11/01/2023-Levels
IMPORTENT ZONE FOR THE DAY : 42178 - 42200
Possibilities of Today market open...
Possibility 1: FLAT
If market open as a FLAT and moves to UP-SIDE then BUY with the Support of H_R and SELL with the Rejection of W_O.
(or)
If market open as a FLAT and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
Possibility : GAP-UP
If market open as a GAP-UP and moves to UP-Side then BUY with the Support of H_R and SELL with the Rejection of H_R.
(or)
If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of S and SELL with the Rejection of S.
Possibility 3: GAP-DOWN
If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
(or)
If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
0.5-> 0.5% Swing
PDH-> Previous Day High
PDL-> Previous Day Low
PDC-> Previous Day Close
PDO-> Previous Day Open
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
D_S-> Day Support
D_R-> Day Resistance
W_S-> Week Support
W_R-> Week Resistance
W_O-> Week Open
W_C-> Week Close
LW_O-> Last Week Open
LW_C-> Last Week Close
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
MS -> Major Support
SH -> Swing-High
SL -> Swing-Low
DT -> Double Top
DB -> Double Bottom
TT -> Triple Top
TB -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
Banknifty Intraday View for 10th JanBanknifty view for 10th Jan.
#Bullishview
1) If it breaks current resistance level close above 42630 we can see up-move till next Resistance1/Target1 at 42840 to 42880 levels. If there is no rejection at this level then next target is around 43000.
#Bearish view
1) If it won't break current resistance level then the Support1/Target1 is 42400-42360 level, if it also breaks then small support at 42240.
2) If 42240 also breaks then next Support3/Target3 is 41950-41900 level.
Note:-
Always keep in mind that in up-move if it breaks current resistance level and reach R1/T1 then current resistance becomes as support for R1, and same if it breaks R1 as well and reaches R2/T2 level then R1 becomes as Support1 and Resistance line becomes as support2.
Same as if fall down below S1 and reaches S2 level then S1 becomes as Resistance level for S2.
Banknifty spot chart Analysis for 09.01.2023Banknifty standing just below a strong resistance zone of 42191 to 42349.
if banknifty crosses above 42349 then it may also cross 42508 and may reach to the level of 42671.
between 42671 to 42814 is also an extremely strong resistance zone .
If Bank Nifty crosses over 42814 then it may reach 42966.
if banknifty moves down below 42041 then it may take support on 41887.
if banknifty crosses below 41887 then it may also cross 41733 and may reach to the level of 41579.
If banknifty crosses down 41579 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 42966 tomorrow and reach higher levels.
BankNifty-06/01/2023-LevelsHello Traders, Welcome to SriTrader5121
____________________________________
BankNifty-06/01/2023-Levels
IMPORTENT ZONE FOR THE DAY : 42738 - 42760
Possibilities of Today market open...
Possibility 1: FLAT
If market open as a FLAT and moves to UP-SIDE then BUY with the Support of H_R and SELL with the Rejection of H_R.
(or)
If market open as a FLAT and moves to DOWN-Side then BUY with the Support of H_S and SELL with the Rejection of H_S.
Possibility : GAP-UP
If market open as a GAP-UP and moves to UP-Side then BUY with the Support of H_R and SELL with the Rejection of R.
(or)
If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of H_R and SELL with the Rejection of H_R.
Possibility 3: GAP-DOWN
If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
(or)
If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
0.5-> 0.5% Swing
PDH-> Previous Day High
PDL-> Previous Day Low
PDC-> Previous Day Close
PDO-> Previous Day Open
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
D_S-> Day Support
D_R-> Day Resistance
W_S-> Week Support
W_R-> Week Resistance
W_O-> Week Open
W_C-> Week Close
LW_O-> Last Week Open
LW_C-> Last Week Close
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
MS -> Major Support
SH -> Swing-High
SL -> Swing-Low
DT -> Double Top
DB -> Double Bottom
TT -> Triple Top
TB -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
PostMortem on BankNifty Today & Analysis of 05 JAN 2023 expiryTake a look at the chart below, 5mts TF its a perfect continuation from yesterday - we broke the 1st support at 09.40 and 2nd support at 13.15 in the single leg.
And then we had a retracement back to the SR level (yellow dotted lines) and final close there.
So what do we infer from the charts today
Expiry level positioning worked out very well today, all the option writers of the strikes mentioned in yesterday's article kept the full premium.
The negative sentiment in US markets are now reflecting here as well. I am not saying because we dropped 0.81% today. Its because the depth of the red candles has stories to tell.
So now we have turned negative for the year - in what what everyone would have thought to be a blockbuster start.
---
Of the bank nifty components:
NSE:HDFCBANK had a strong red opening candle and then one more at 13.15. Infact the chart pattern is quite similar to bank nifty
NSE:ICICIBANK had much more intent going down a drop of 2.22% today of which almost an unchecked fall till 14.05
NSE:SBIN chart pattern may seem bearish thats because it had a gap up opening. But the final close was flattish.
NSE:AXISBANK also had a deep fall until 13.25 after which it recovered some ground, but final close at -0.83%
NSE:KOTAKBANK had a similar flattish close like SBI but the chart pattern made today shows bearishness again thats because of gap up open.
NSE:INDUSINDBK had interesting opening 30mts. A gap up open and fall to flat line, then a rally back to the open level and then a fall below the flat line in 3rd candle.
---
15mts TF has now negated the bullish case by breaking 3 support levels in 2 days.
1hr TF looking good to form a lower low soon, the reversal on 3rd Jan could become the lower high.
Although the charts says so, bank nifty may not even fall and could consolidate for few days before deciding the direction. It will all depend on the US FED's decision to pause/resume the rate hikes.
If US markets continue to dip, then this time we may not escape as its an exciting time for US FIIs to pull money out from India and take it back. Their debt instruments are paying more interest comparing Indian version when adjusted for currency devaluation !
Banknifty intraday levels for 06.01.2023Resistance level:42675.75
Support level : 42401.05
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for back testing & better understanding
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
FASP Levels for BankNifty 02/01/23The FASP for Bank Nifty is listed for 02-01-2023. 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: Only valid for the intraday mentioned above.
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, Purple is either strong support or resistance and blue is regular resistance.
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.
Bank nifty Intraday levels for 29.12.2022 monthly ExpiryResistance level:43023.60
Support level : 42532.05
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for back testing & better understanding
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
FASP Levels for BankNifty 28/12/22The FASP for Bank Nifty is listed for 28-12-2022. 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: Only valid for the intraday mentioned above.
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, Purple is either strong support or resistance and blue is regular resistance.
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.
FASP Levels for BankNifty 27/12/22The FASP for Bank Nifty is listed for 27-12-2022. 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: Only valid for the intraday mentioned above.
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, Purple is either strong support or resistance and blue is regular resistance.
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.