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Bankniftyintraday

#Banknifty directions and levels for March 7th.Banknifty has the same sentiment; there is a completed motive structure. So, if the initial market declines sharply, then we can expect a minimum of 23% to 38% Fibonacci correction. If it breaks the 38% Fibonacci level, that's a sign of a trend reversal (bearish trend). On the other hand, if it finds support there (23%), it might consolidate a little bit. Alternatively, if the gap-up sustains and breaks the supply zone, here also the same extension might happen. So, if the market breaks the supply zone, we can expect a rally continuation in the upcoming sessions."
NSE:BANKNIFTY
by Manickamtraders
Banknifty intraday levels for weekly expiry (06/03/24).It has given a nice up move in a single candle and closed forming a flag and pole pattern. The market movement is consolidation, a move and consolidation again. Tomorrow being the weekly expiry banknifty may give a trending move. Major resistance levels :- 47700, 47830, 48000 If there is a gap up opening, there are chance of market moving even higher and closing above 48k levels. In case of a flat to slight gap down opening, a bullish move can be captured as per the price action. Support levels :- 47500, 47280 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
#Banknifty directions and levels for March 6th.The Banknifty structure is a little different; as per the wave structure, there is a pullback wave bending (minor sub-wave 5th). So, if the market breaks yesterday's high, then we can expect a range between 47821 to 47957. Since this is the 5th wave, once it rejects there, we can anticipate a correctional wave that may take a 23 to 38% Fibonacci correction to the minor swing. however, if it sustains there(47957) then we can expect further extension. Alternatively, if it declines initially, the 47427 level will act as a crucial support. If it finds support there, then we can initially expect a range market for rally continuation. However, if it breaks, it might turn into an overall correction phase."
NSE:BANKNIFTY
by Manickamtraders
#Banknifty directions and levels for March 5thBanknifty is following a 5th ending diagonal pattern. So if the market breaks yesterday's high, it will reach the fib level 78% with minor consolidation. After that, if it rejects there, we can expect a minimum of a 23 to 38% correctional wave. However, if it sustains there (consolidates), then it might turn into an extension variation. On the other hand, if the initial market declines, then we can consider that as an expanding flat variation, meaning the 4th wave continuation. If it finds support around the demand zone, then we can expect consolidation for the 5th impulse wave. However, if it breaks the demand zone, then the correction will continue.
NSE:BANKNIFTY
by Manickamtraders
Banknifty weekly analysis for 04/03/24.Last week the markets were volatile. A M pattern formation and immediate reversal forming a V pattern shows the volatility. The market need to retest of halt on the upper levels before crossing the ATH. On friday, there was a 2.5% bullish move in banknifty it seem to be bullish as on intraday levels. Positional trades can also be entered, if market comes to test 46500-700 zone. Now the resistances on the upper side seems to be somewhat weak. Major bullish target :- 47600, 47840 Supports are far and there should be a retest. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
BankNifty Intraday Trade Setup | 4th MarSaturday was a special trading session and BankNifty opened with a gap-up around 47430 and that was the high of a small trading session. For tomorrow, BankNifty has to sustain above 47520 for further upside which can take BankNifty towards 47650 and upper marked levels. On the other side, if BankNifty breaks 47180 on downside, we expect to see 47050 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 47520 Sell Below - 47180 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
Banknifty intraday levels for monthly expiry 29/02/24.Banknifty has given a nice bearish move today and closed around the day's low. The market was trading in a range for last two trading session and gave a good momentum after a break down. There is a bearish sentiment as the market has closed below both the moving averages on the hourly charts. Tomorrow is monthly expiry for the indices and if there is another bearish move tomorrow, a nice trending move can be seen. Major resistance levels :- 46270, 46730 A volatile market was there in the second half of the trading session. If there is a gap up or flat opening, wait for the break down and enter the bearish move only after the support zone is breached. Major support levels :- 45910, 45700 Reversal can be seen near 45700 level as there is a golden fibonacci levels. Banknifty has closed below the 20 ema on the daily charts. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty intraday levels for weekly expiry 21/02/24.Finally, Banknifty is trading above 47k levels and a bullish trend may start in the index. After closing in a range and forming doji candles, there is a bullish marubozu candle on the daily close. The bullish move can sustain as it consolidate before crossing the levels. Tomorrow, if there is a gap up opening around 47200-300, there are high chance of market touching 47500 levels. In case of a gap down, there are chance of another buying happening in 46800-950 zone. Major support level :- 46980, 46720. Resistance levels are far and another bullish candle can be seen in daily charts. Resistance levels :- 47200, 47540. Watch the market opening and trade the setup. Let market form a price action and enter only bullish trade as bearish trades can hit the SL.
NSE:BANKNIFTYLong
by Mambotrade
10
#Banknifty directions and levels for FEB 27thBanknifty has undergone consolidation in the last session. If today's gap-up sustains, then we can expect 47089, which is a triangle resistance level (78%). If it rejects there, then the range market will continue for another one or two days. Alternatively, if it breaks, then we can expect a rally continuation in the upcoming trading session. Alternatively, if the gap-up doesn't sustain and breaks the previous day's low, then we can expect a correction that will reach a minimum of the demand zone at 46320. After that, if it finds support there, then we can expect a minor pullback. However, if it breaks that level, then the correction will likely continue.
NSE:BANKNIFTY
by Manickamtraders
BankNifty Intraday Trade Setup | 26th FebToday BankNifty opened with a gap-up above physiological level of 47000 but faced resistance at 47200 - 47250 zone and we saw selling towards 46850 zone and after that BankNifty was trading in a small zone for entire day. For tomorrow, BankNifty has to sustain above 47160 for further upside which can take BankNifty towards 47270 and upper marked levels. On the other side, if BankNifty breaks 46750 on downside, we expect to see 46630 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 47160 Sell Below - 46750 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
FASP levels for Bank Nifty 23/02/2024The FASP for BankNifty is listed for 23-02-2024. 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
1
Banknifty weekly analysis for 19/02/24.Banknifty has formed a nice bullish candle on the weekly charts and closed 750 points higher. The market remained in a range for a while and gave a nice break out during the previous week. In the last trading session market tried to clear the resistance levels of 46600 but couldn't clear the same and closed around 46400 levels. Major resistance levels :- 46580, 46980-47100. If there is a gap up opening, the market will look to test 47k levels and further test 47550. On the bearish side the market can test the lower levels of 46k and 45700. Anything below 45700 may seem to be a bearish move. Major support levels :- 46040, 45700 Wait for the price action and buy on dip is the current market cycle. Nifty is trading around the ATH while banknifty is trading short of 2000 points. It can be seen getting close to the ATH in the coming week.
NSE:BANKNIFTY
by Mambotrade
BankNifty Intraday Trade Setup | 19th FebToday BankNifty opened with a gap-up around 46500 which was also a major resistance zone as we mentioned and we saw morning selling towards 46260 odd levels where BankNifty took support and gave a bounce back but overall it was a range-bound day. For tomorrow, BankNifty has to sustain above 46550 for further upside which can take BankNifty towards 46670 and upper marked levels. On the other side, if BankNifty breaks 46200 on downside, we expect to see 46080 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 46550 Sell Below - 46200 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BankNifty Intraday Trade Setup | 16th FebToday BankNifty opened with a gap-up around 46100 and opening price was a morning high. We saw almost 500 points fall in morning but BankNifty took support at 45590 and gave a rebound towards 46300 levels. For tomorrow, BankNifty has to sustain above 46350 for further upside which can take BankNifty towards 46470 and upper marked levels. Keep an eye on 46500 which is major resistance zone. On the other side, if BankNifty breaks 46000 on downside, we expect to see 45880 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 46350 Sell Below - 46000 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
2
Banknifty weekly analysis for 12/02/24.Banknifty has been trading in a wide range of 2000 points for last three week and is constantly trading around weekkly 20 ema. Though it has closed below the moving average and took a retest of 61.8% fibonacci level, giving a nice fall after it. Bullish trade in the index can be trade once it sustains above 46900-47000 zone as it will confirm a W pattern and take out fib rejection levels too. It is trading between the moving averages on the daily charts. Banknifty is kind of consolidating between the two and a blasting move can be seen once there is a break out or break down of the levels. Major support level for the market is 44550 and major resistance is around 47000 levels. 16 trading session and 23 days market has been trading between these two levels. Positional long F&O trade should be initiated after the levels are taken out. Short strangle with SL of the two levels can be entered and can be benefitted. Major support levels :- 44970, 44500 Resistance levels :- 46000, 416510-80 Wait for the price action near the levels before entering the trade.
NSE:BANKNIFTY
by Mambotrade
Simple Trade Setup | BANKNIFTY | 12-02-2024 [INTRADAY]Trade Setup for 12-02-2024 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
Banknifty weekly analysis for 05/02/24.Banknifty has given a nice move after the budget day and closed 200 point lower on daily close and 1000 points lower from the day's high. The weekly chart is showing a rejection from golden fib ratio of 61.8% around 47k zone. Though, it has closed above the 20 WEMA buy still it is trading below 20 DEMA. The market has given much move in the last week but volatility was high which helped option seller to create position while taking a hunt on option buyers. Major support levels :- 45860-900, 45300, 44550 Currently, nifty tested it high but banknifty is still lagging in testing the high by 1800 points. If the market remain positive and give some bullish momentum there are chance for the index to retest the high. It will face resistances while testing the higher highs around round number figure and resistance zone. Resistance zone :- 46550, 47000 No trading zone is marked and there is possibility of market easing of with the volatility to create a trend or sideways movement. Wait for the market to decide whether it sideways or trending. Must watch for the price action formation near the zone and trade accordingly.
NSE:BANKNIFTY
by Mambotrade
BankNifty Intraday Trade Setup | 5th FebToday BankNifty opened with a gap-up around 46600 and after making a high around 46900, it gave a 1000 points fall from higher levels towards 45900 and closed at 45970. For Monday, BankNifty has to sustain above 46250 for further upside which can take BankNifty towards 46380 and upper marked levels. On the other side, if BankNifty breaks 45890 on downside, we expect to see 45780 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 46250 Sell Below - 45890 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
Budget move in Banknifty (01/02/24).Banknifty has given a nice up move in the first half and consolidated on the expiry for the rest day. It is facing rejection from a trend line and a resistance zone of 46150. If there is a break out after a flat or gap down opening, it can test the round number figure quickly. In case of a gap up opening, let market retest the break out levels or form a price action near the zone. Then only trade should be initiated as the option premiums will remain high. Tomorrow is budget which will create more volatility in the markets. India VIX is trading above 16. Major Resistance levels :- 46150, 46500, 46920 The market may both side as the previous budget made it move 2500 from high to low. Today's consolidation near the high shows some positivity in the market. Support levels :- 45950, 45490-550 Option premiums will move quickly so keep the target and stop losses strict. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade