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Bankniftyintraday

Postmortem on #BankNifty - 15 SEP 2022 - Weekly ExpiryBank nifty opened 41533 gap up today, made an intraday high in the 3rd candle and then fell to the support line at 41312. Most importantly this support line proved to be quite a fight with swings up and down - and final close at 41208. The opening swing would have taken out most of them by surprise, few of the weak CE writers would have squared off thinking the rally will continue. And what followed from 9.25 to 13.00 was real sanity. Even though the day ended negative - the temptation of BN was move up - the trigger to break through the resistances at 11.35, 13.05 & 14.20 shows that. The final closing hour may be attributed to profit taking due to weekly expiry or the positions taken anticipating global macros. The CE option premium shot up on multiple occasions even when BN was not making new highs - this could be result of intense shorting or spike in implied volatility. After all its the bank nifty we know and its supposed to be high beta. Indian stock markets cannot remain decoupled with global markets unless for any govt., economic, political triggers. Bank nifty & nifty are technically out from the bear market rally and according to some analysts it may be a new bull run. I personally think technically BN may be bullish but the fundamentals are not agreeing to the new highs set. The S&P500, Nasdaq100 are all still in bear phase. If the global markets are falling, ours will follow suit soon. Bank nifty important support and resistance lines s1:40689, s2: 40142 r1: 41312 more info at viswaram.com
NSE:BANKNIFTY
by viswaram
#BankNifty-12/09/2022-LevelsHello Traders, Welcome to SriTrader5121 #BankNifty-12/09/2022-Levels ------------------------------------- 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 ------------------------------- 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 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 )
NSE:BANKNIFTY
by SriTrader5121
Banknifty spot chart analysis for 06.09.2022Banknifty standing just above a strong resistance of 39798. if banknifty crosses above 39801 then it may also cross above 39954 and may reach to the level of 40120. between 40120 to 40276 is also an super strong resistance zone. If Bank Nifty crosses over 40276 then it may reach to the level of 40442. if banknifty moves down below 39798 then it may reach to the level of 39632, 39632 is a strong support. if banknifty crosses down below 39632 then it may also cross 39483 and will reach to the level of 39301. If banknifty crosses down 39301 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 40442 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
BANKNIFTY Analysis for 26-AUG-2022 BANKNIFTY ANALYSIS BY SARDAR G MARKET TRADERS NSE:BANKNIFTY On daily frame we can see there was bull run but now forming range. Trading in this time is tricky but if at right point trade is taken will be profitable. On 15min candle We have Resistance and Support for intraday level. Once breakdown on 5min candle execute your trade. But there are different methods to enter the trade. Directly Entering on Breakout or wait for correction. There are also different strategies to enter trade. All depends on your risk appetite. BUY AVOVE 39115 SELL BELOW 38777 ALWAYS RESPECT YOUR STOP-LOSS OF YOU WANT TO BECOME TRADER. EVERY TRADE CAN'T BE PROFITABLE
NSE:BANKNIFTY
by SardarGMarkerTrader