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Bankniftyintradaylevels

Bank Nifty Analysis for tomorrow Thrusday | 14 March 24 As we discussed in our video analysis, the bank's nifty bearish nature broke to the downside and gave a nice bearish target today. If we look at the chart now: The price has broken 200 EMA, HNS Neckline support zone to the downside. The market is quite bearish. RSI is also showing weakness in bulls. If we look at the OI data: PCR = 0.67 shows a bearish market structure. Also, there is a huge CE and PE writing at 47000, which will work as maxPain. There is not much of support levels except 46500 which is also confirmed by Price Action levels. I am expecting the market to fall till 46500. Reasons: RSI < 40 shows weakness in bulls. price < EMAs shows bearish strengthen market. PCR = 0.67 shows a bearish market. price < VWAP indicates bearish sentiment in the market. Verdict: Bearish Plan of Action : Sell 46900 CE (Hedge it with 20 rs CE).
NSE:BANKNIFTYShort
by finnova_
2
BANKNIFTY Intraday Trade Setup For 13 Mar 2024BANKNIFTY Intraday Trade Setup For 13 Mar 2024 Bullish-Above 47500 Invalid-Below 47390 T- 47855 48385 Bearish-Below 47150 Invalid-Above 47260 T- 46645 BANKNIFTY closed almost on a flat note with a minor cut of 0.1% after a huge volatility today. As per the trade setup short triggered @ 47810 and gave a nose dive till 46885. Plotted half bat worked like a dot level. Now tomorrow if there is a big gap up above 47800 then chances of Open= High will be high. Opening between 47500 and 47200 will be best suited to trade on 47500 and 47150 range breakout. Till the time leader NIFTY is in distribution phase or trading between the parallel channel momentum will be fuss. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47500 then we will long for the target of 47855 and 48386. For selling we need a 15 Min candle close below 47150. T- 46615. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Bank Nifty 13-03-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone / with support of PDL / with support of Strong-resistance Sell - Below Side-ways-zone / with rejection of PDH / with rejection of Strong - resistance See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to fallow... 1) Wait for conformation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purpose and a helping hand to learn trading in live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at respective zone how it works near that zone. 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.
NSE:BANKNIFTY
by SriTrader5121
Bank Nifty analysis for 12th march 2024It looks like the bank nifty is forming a head and shoulders patern. if it breaks the support level (47200 to 47300 range) downside, it may go to the next possible support (46300 to 46500 range) marked in the chart. if it crosses the level 48200 upside, we may go for a bullish trade after forming a price action. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
NSE:BANKNIFTYShort
by sudeeptalayek
BANKNIFTY Intraday Trade Setup For 12 Mar 2024BANKNIFTY Intraday Trade Setup For 12 Mar 2024 Sell_1- From 47810 Invalid-Above 47920 T- 47500 47200 Sell_2- Below 47200 Invalid-Above 47310 T- 46615 46068 BANKNIFTY has closed on a bearish note with with 1% cut today. Sell triggered as per trade setup below 47730 and gave a good move in favor till 47235. Although a clear move, the momentum was really pathetic which is mainly due to VIX. It has to regain 16 then only there will be good momentum in intraday. Tomorrow above 47500 it will test 47810 zone. 47810 will act as a strong resistance and we will plan a short from there. Below 47200 clear bearish momentum will kick in. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 47200 then we will short for the target of 46615 and 46068. 2nd sell can be planned from 47810. T- 47500 and 47200. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Bank Nifty 12-03-2024 Analysis Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDL / Strong- Resistance Sell - with rejection of PDL / support See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to fallow... 1) Wait for conformation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purpose and a helping hand to learn trading in live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at respective zone how it works near that zone. 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.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY Intraday Trade Setup For 11 Mar 2024BANKNIFTY Intraday Trade Setup For 11 Mar 2024 Bullish-Above 48170 Invalid-Above 48060 T- 48800 49430 Bearish-Below 47730 Invalid-Above 47840 T- 47140 46645 BANKNIFTY has closed on a slight bearish note last week with 1.16% gain last week. Last week we saw a good grip of bulls in the initial 2 days and then some some sideways move. Index will give a bold bullish move once again above 48170 if crossed. Reason behind a bold bullish move is based on current market trend and bulls grip and a compression seen on last day. Trendline breakout will be early indication of impulse trigger. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48170 then we will long for the target of 48800 and 49430. For selling we need a 15 Min candle close below 47730. T- 47140 and 46645. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
#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 Trade Setup For 7 Mar 2024BANKNIFTY Intraday Trade Setup For 7 Mar 2024 Bullish- Above 48180 Invalid-Below 48070 T- 48800 49430 Bearish-Below 47720 Invalid-Above 47830 T- 47140 46645 BANKNIFTY has closed on a bullish note with 0.81% gain today. Index has filled a major gap area today. This gap area/zone can act as a resistance now. After a rejection from this zone if index sustains above 48180-200 then the bullish move will continue. But first outlook seems to be a resistance zone. Below 47720 if index sustains then intraday sell off can be seen and gap area resistance will be validated by a bearish price structure. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 48180 then we will long for the target of 48800 and 49430. For selling we need a 15 Min candle close below 47730. T- 47140 and 46645. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Banknifty prediction for tomorrow 07 Mar 24As we discussed, the Banknifty breakout gave quite a nice target today. As it was expiry today, the market turned sideways in the afternoon. If we look at the chart now: The market is trading at the resistance zone right now. Today, it has been sideways at resistance. After that, some selling came with good volume, which may be because of expiry today. The RSI trendline has also broken down to the downside. If we look at the OI data: PCR = 0.9 shows bullish market sentiments. But as it is just the start of the week, this does not contribute much for now. There can be 2 cases, as marked on the chart. Case 1: if it takes support at 47850, then it can move till 48600(ATH). Case 2: Might consolidate in the range 47500-48000. Reasons: BN is trading at the resistance Zone. 4H-TF resistance trendline. All-time high resistance Zone The RSI trendline has broken down to the downside. There might be some correction or consolidation. PCR = 0.9 shows bullish sentiments. 48000 is maxPain while 47500 is a good resistance according to the OI data. The above side is not much CE writing that shows the market is going to be HIGHER HIGH in upcoming sessions. VWAP = Price shows price is balanced. Verdict: Sideways or Bullish Plan of action: Case1: Sell 47800 PE (Hedge it with 20 rs PE) Case 2: Iron condor in range 47500-48000.
NSE:BANKNIFTY
by finnova_
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
FASP levels for Bank Nifty 05/03/2024The FASP for BankNifty is listed for 05-03-2024. 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
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 prediction for tomorrow 5th MAR 24As we discussed BANKNIFTY yesterday, Banknifty resulted sideways. Bulls guarded the support level tightly. If we look at the chart data now: The market has been taking support at the 47300 level. We were expecting some consolidation in the market today, which happened today. Now we have to wait for it to break the range (47200-47500) to the upside. If we look at the OI data: Pcr = 1.22 (Bullish), which has fallen from 1.44 because of the market's sideways momentum. 47500 is MAXPAIN. Once it's broken to the upside, we can say the market is good to go till 48000. there is not much CE writing on higher levels. I am expecting the market to consolidate for 1 or 2 days and then a good bullish move till the 48600 levels ass target. Reasons: Price > EMAs(13,50,200) shows markets is having bullish sentiment. (Bullish) RSI > 60 having bearish divergence. The market needs some more consolidation to correct the value of RSI. PCR = 1.22 shows good strength of bulls; there is not much CE writing at higher levels. RSI is reaching 77, which was working as resistance previously. (sideways) Verdict: Bullish Plan of action: Case 1: Sell 47500 PE (Hedge it with 20 rs PE) Case 2: wait for the market to take support to get bullish.
NSE:BANKNIFTYLong
by finnova_
1
BANKNIFTY Intraday Trade Setup For 4 Mar 2024BANKNIFTY Intraday Trade Setup For 4 Mar 2024 Bullish-Above 47450 Invalid-Below 47340 T- 47950 48450 Buy_2- From 46645 Invalid-Below 46535 T- 47000 47450 BANKNIFTY has closed on a slight bullish note with 1% gain last week. It has given a strong breakout candle on Friday , it is the 2nd attempt to cross 46600 CB. Index seems ready for a fresh ATH journey again. But as of now it is near a trendline resistance if drawn from ATH. So a pullback scenario looks high as per current positioning before the start of impulse. It can test 46645 zone and this can be a buying zone with a very small sl. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 47450 then we will long for the target of 47950 and 48450. 2nd buying can be done from 46645. T- 47000 and 47450. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
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 prediction for tomorrow 4th Mar 24As we have discussed, Banknifty's bullish behavior in our last session gave a really nice momentum with 2.4%. If we look at the chart: The Banknifty has broken above the trendline, which indicates that the market is currently showing extremely excellent bullish momentum. After this breakout, the market can continue to the level of 48600. The market has been in the consolidation phase for the past 3 months. As it has given a breakout now, I am expecting at least of48600(ATH) to touch again. If we look at the OI data: PCR = 1.44 shows huge bullishness in the market. 47000 & 46500 is having huge PE writing at lower levels. Higher levels have CE writing at 47500 & 48000, which is significantly less compared to bulls. If we look at the FII & DII data, FII is medium bearish because of the resistance zone at 47250, whereas clients are Strongly bullish because of the breakout. I am expecting the market to go Higher High(HH) till the level of 48500. Reasons: Price > EMAs(13,50,200) shows markets is having bullish sentiment. (Bullish) RSI > 60 shows the market is in control of bulls right now. (Bullish) PCR = 1.44 shows good strength of bulls at lower levels. Price > VWAP indicates the market has a bullish nature and tends to move higher in the upcoming session. 47500 seems to be maxPain. If it breaks to the upside, it would be easier for bulls to drag the market to 48500 easily. RSI is reaching 77 which is working as resistance previously. (sideways) Verdict: Bullish Plan of action: Case 1: Sell 47500 PE (Hedge it with 20 rs PE) Case 2: wait for the market to take support to get bullish.
NSE:BANKNIFTYLong
by finnova_
6
Banknifty prediction for tomorrow 1 March 24As we discussed yesterday, bank nifty took support at 45600 and then moved back to the bullish side with huge volatility. If we look at the chart data: The market is trading below the 200 EMA-(30-min TF). which may provide a good resistance at this point. 45700 has proven to be a good support zone. RSI still needs more strength to get a good bullish momentum. If we look at the OI data: PCR = 0.82, which shows the market's bullish sentiments. 46000 is going to be MAXPAIN. There is good resistance to CE shorting at each upper level. However, there is not much OI build-up on the lower side. I am expecting the market to take a bearish momentum till 45700, and then it will take support and pull back stronger. Reasons: 200 EMA > Price > EMA(13), which shows the market has bullish sentiment but not enough strength to make a good bullish move. (sideways) 200 EMA is going to provide good resistance at this level for now. (sideways) RSI is in the range of 40-60, which is mostly sideways. (sideways) The last two candles show a heavy fight between bulls and bearish. (sideways) Price >= VWAP, which shows that price is balanced with volume. (Bullish) PCR = 0.82, which shows the market's bullish sentiments Verdict: Sideways Plan of action: Make a bull position once the market takes support at 45700.
NSE:BANKNIFTY
by finnova_
BANKNIFTY Intraday Trade Setup For 1 Mar 2024BANKNIFTY Intraday Trade Setup For 1 Mar 2024 Bullish-Above 46350 Invalid-Below 46240 T- 46900 47425 Bearish-Below 45650 Invalid-Above 45760 T- 45000 44400 BANKNIFTY has closed on a slight bullish note with 0.34% gain today. It as the worst price action day in intraday. Most of the moves were random to decay premiums from both sides. The daily candle does not cater a strong sentiment. The plotted trendline can be a potential hurdle. After a pullback from this trendline we we get a breakout above 46350 then we will consider bullish trade. Below 45650 it can test round level 45k. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46350 then we will long for the target of 46900 and 47425. For selling we need a 15 Min candle close below 45650. T- 45000 and 44400. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
#Banknifty directions and levels for FEB 29thBank Nifty also has the same sentiment. Structurally, it could fall a little bit, so if the gap-up doesn't sustain, then we can expect a correction that will reach the Fibonacci level of 61% (45675). After that, if it finds support around there, we can expect a minimum of a 23 to 38% pullback wave. However, if it breaks it, then the correction will likely continue. Alternatively, if the gap-up sustains, then we could expect a range market initially. After that, if it breaks the supply zone, then the rally might continue. On the other hand, if it breaks the previous low, then the correction will continue further
NSE:BANKNIFTY
by Manickamtraders