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Bankniftyintraday

Banknifty daily analysis for 06/10/23.Banknifty is trading below the moving average and has formed a doji candle on the daily charts. After an initial gap up the market consolidated in a range and was range bound causing serious decay in the option premiums. Even the markets consolidated on the weekly expiries and there are now high chances of a trend move in the market. On the hourly charts, market today traded between both the moving averages took support from 20 ema . Support :- 44030, 43890 Resistance :- 44340, 44730 Major levels for trend move are above 44800 and below 43730. Banknifty has been trading between these levels and is creating enough volatility for option buyers. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty Intraday Prediction Levels for 5 Oct 2023Banknifty Intraday Prediction Levels for 5 Oct 2023 The chart indicates 15 min time frame. These Levels are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone. Resistance- 44105 Support- 43875 These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on. If You are a new trader then just watch ( No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
FASP levels for Bank Nifty 05/10/2023The FASP for BankNifty is listed for 05-10-2023. 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
#october5 direction and levels for Banknifty"Good morning, friends! As of October 05, the global market sentiment is neutral to slightly positive, as indicated by the Dow Jones. However, our market trend remains bearish. It may open with a neutral to slightly positive sentiment. Afterward, if it breaks the Fib level of 38%, we can expect a pullback continuation. On the other hand, if the gap-up doesn't sustain or if it opens with a gap-down, then we can anticipate a range-bound market to correction."
NSE:BANKNIFTY
by Manickamtraders
Bank Nifty future chart analysis for 03.10.2023As you can see here that price closed near median line, taking support on it, if it opens at the same area then,you may see a sideways again, if it crosses above 45019 then you may see a broad area burst which may not sustain for long time you can short again if you see any rejection in upside. if it crosses above 45179, then you may see a short covering and price may go much higher. if price goes below upside trend, as you can see that its already broke it and taking support above it , if it breaks down again then you may price testing its previous low if it goes down below 44740, then it may take support on 44597, crossing below 44597 price may go much lower side. after achieving its full target.
NSE:BANKNIFTYV2023
by stoxway
Banknifty BuyMonday's market is unpredictible. cauz, market did take up selller lequidity & buy got stoped out ( profit bookig and traling SL) there are only sellers left in the market but not freash selling position so, market does't have any money to go ethir way so, market will trap every retailer both who will look for selling and buying best possible situation now is market will open gap up and then trap buyer then comes down to take sellers money then give a big cendel upside to take out everybody less possible situation market will open low and take out all the buyer then the as sellers come it will take there Sl and continue downward trand but if market opens nutrul then totally avoid trading cauze last 3 days ends in consolidation so market has high theta and low IV. could trade if market crosses my levels in high lequidity As, For MY VIEW Looking to buy in first 2 to 3hours then watch Price Action
NSE:BANKNIFTYLong
by samantamonojit98
#September29 direction and levels for #Banknifty"Good morning, friends! As of September 29th, the global market sentiment is neutral (based on the Dow Jones), while our market trend is bearish. It may open neutrally or with a slight gap up. If it subsequently breaks yesterday's low, we can expect a correction to continue with minor pullbacks. On the other hand, if the gap-up sustains, we can expect a ranging market. However, if the gap-up structure is solid, it may experience a rally, or if it sharply rejects the 38% resistance level, we can anticipate a correction."
NSE:BANKNIFTY
by Manickamtraders
banknifty buyAs market did't showed any bearish pressure and a slow down movement & market did't trapped any buyers today after opening So, as there are less sellers the market will grab sellers lquidity to go up So, theres no lquidity for the market to go down So 44000 area will act as a major support for buyers and also a trap zone for the buyers wait for price to close below 44000 area and then look for an opertunity to buy. market will start down tomorrow to take the sellers lquidity and to stop out buyer then market will continue a buying side rally. ( at least need 1 expairy ) but if sellers dose not come and market reverse itself before touching 44000 then a buyers liquidity take will start a bear rally.( at least need next week ) but as for tomorrow only looking for buy.
NSE:BANKNIFTYLong
by samantamonojit98
Banknifty daily analysis for 26/09/23.A doji is formed on the daily charts and now there is a confusion in the market where it will go after testing the recent high. Banknifty has closed gaining 150 points but nifty remained silent and closed flat. On the hourly charts, there is a moving averages cross over and it taking resistance from the levels. There was a both side movement today and has consolidated in the second half of the session. Support :- 44600, 44420 Resistance :- 44890, 45110 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
1
September27 direction and levels for #Banknifty"Good morning, friends! As of September 20th, there has been no change in the global market sentiment. Dow Jones still exhibits a negative sentiment, while our market trend remains moderately bullish with a 'C' pullback wave structurally. However, if the market opens with a gap-down, Monday's range will serve as a range-bound boundary. In my personal opinion, even if it breaks yesterday's range, the market may reject immediate levels, suggesting there won't be significant moves. We can anticipate a directional move only if it breaks through immediate support or resistance with minor consolidation."
NSE:BANKNIFTY
by Manickamtraders
bankniftyas conslidation areas are uncertain 60% nutral 40% upside todays market nutral as expected to gain theta of buyers there are a few sellers in the market at the flip zone if market starts up avoid it as it will creat lequidity for sellers to enter and trap them in the process.in a range bound market if starts below then a sweep of major buyer zone will create tarp for sellers and gain lequidity to go upside so a nutral markets where market traps everyone to go up sound probeble. but a bull markets as the are no sellers and a trapped buyers and a exit from the buyers will creat lequidity for market to go up sound fair.
NSE:BANKNIFTY
by samantamonojit98
5
#september26 levels and direction for #Banknifty"Good morning, friends! As of September 26th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. Our market trend is moderately bullish, but there is some structural bending in the 'C' pullback wave. So, if it opens gap-down, yesterday's range will act as a range-bound boundary. On the other hand, if it breaks either to the upside or downside, you can set your target at immediate levels. Here, my personal opinion is that even if it breaks yesterday's range, the market may reject the immediate levels, indicating that there won't be significant moves. We can expect a directional move only if it breaks the immediate support or resistance with minor consolidation."
NSE:BANKNIFTY
by Manickamtraders
#September25 Levels and direction for #Banknifty"Good morning, friends! As of September 25th, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a slight gap-down. Additionally, there is a sub-wave 5 forming. So, after the gap-down, if the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a pullback of 38 to 78%. On the other hand, if it consolidates or breaks that support, then the correction will likely continue. However, if the market opens with a gap-up and sustains it, then we can expect a pullback continuation. There is also a regular flat variation, with its minimum target being 44,903, and if it breaks that level, we can expect 45,054."
NSE:BANKNIFTY
by Manickamtraders
4
#banknifty"Good morning! As of September 21st, there is no significant difference compared to the last session. Global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. If the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a maximum Fibonacci pullback of 23% to 38%. On the other hand, if it breaks or consolidates around the immediate support zone, we can expect a continuation of the correction with minor consolidation."
NSE:BANKNIFTY
by Manickamtraders
#Banknifty"Good morning! As of September 21st, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. We don't know where it will open, but the sentiment remains the same. If the initial market experiences a sharp pullback around the immediate support zone, then we can expect a maximum of 23% to 38% Fibonacci pullback. On the other hand, if it breaks the immediate support zone, we can anticipate a continuation of the correction with minor consolidation."
NSE:BANKNIFTY
by Manickamtraders
#Banknifty"Good morning! As of September 20th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. The market trend is moderately bearish; it may open with a slight negative gap. After that, if it breaks the immediate support zone, we can expect a continuation of the correction. On the other hand, if the initial market experiences a sharp pullback, it will transition into a range market, leading to a continuation of the rally."
NSE:BANKNIFTY
by Manickamtraders
4