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Bankniftyintradaylevels

Banknifty Prediction for today 20 Dec 23As we discussed, Banknifty yesterday had a performant sideways moment. By looking at the chart now, 48000 has a huge resistance point, as OI data also shows huge CE writing at 48000 with PCR of 1:3. I expect it to be sideways because 48000 has good resistance with price-action and OI data. And 47500 has multiple support points such as EMAs and price action. Reasons: Sideways Rectangle pattern consolidation. Price-taking support at EMA-50. OI shows huge CE writing at 48000, having PCR 1:3. It Shows a bearish signal, but the overall PCR is 0.88, which is mildly bullish. having multiple support point downsides as EMAs and price action levels. 47500 will be acting as a very nice support point. RSI is 40-60, which is, most of the time, sideway. Verdict: Sideways Plan of action: wait for 15 min candle, and follow the chart levels and analysis. Be neutral unless you get either side to breakout.
NSE:BANKNIFTY
by finnova_
1
Banknifty Intraday Prediction Levels for 19 Dec 2023The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. 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 with your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
FASP levels for Bank Nifty 20/12/2023The FASP for BankNifty is listed for 20-12-2023. 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
Banknifty Live Intraday Updates for 19-12-23 !BankNifty important levels to watch are as follows #Support: 47800 Sell below: 47800 only on 15 minute candle closure below the level. Target 1: 47670 Target 2: 47500 #Resistance: 48000 Buy Above: 48000 only on 15 minute candle closure Above the level. Target 1: 48230 Target 2: 48500 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:BANKNIFTY
by InvestyourAsset
BANKNIFTY Intraday Trade Setup For 20 Dec 2023BANKNIFTY Intraday Trade Setup For 20 Dec 2023 Bullish-Above 48020 Invalid-Below 47910 T- 48250 48575 Bearish-Below 47640 Invalid-Above 47750 T- 47420 47160 BANKNIFTY has closed has closed on a flat note today. Sell triggered as per trade setup below 47800 and gave a small move till 47647 then intraday price structure changed and reversed till day high. It has formed a Pin bar candle in daily TF so above 48020 we can expect a good move. For selling 47640 is the level but 47780 will be equally important to watch out. In the coming days 47600 will be an important level in hourly TF. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 48020 then we will long for the target of 48250 and 48575. For selling we need a 15 min candle close below 47640. T- 47420 and 47160. 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 DEC 19th"Good morning, friends. Directions for December 19th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a neutral start based on Giftnifty, which shows +3. The previous sentiment has not changed. Structurally, the market is moving in consolidation (range market), so we should wait for the breakout. If it breaks the immediate resistance, then we can expect a rally continuation. On the other hand, if it breaks the immediate support, we can expect the 3rd minor wave, which might entail some long correction. However, the important thing is the structure; if it forms a solid structure, we can expect continuation; otherwise, the range will persist."
NSE:BANKNIFTY
by Manickamtraders
Bank Nifty Support and Resistance Analysis for 19-DEC-2023Attached is the Bank Nifty chart showcasing key support and resistance levels alongside the CPR for both daily and weekly timeframes. Support and Resistance Levels: The chart highlights significant support around the 47705 mark and notable resistance at 48148 and 48101. These levels have demonstrated consistent importance in recent sessions. CPR: Daily and weekly CPR are essential in understanding potential intraday reversals and weekly trend confirmations. Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Market conditions can change rapidly, impacting support/resistance dynamics. Always perform your analysis and risk management before executing any trades.
NSE:BANKNIFTYLong
by MarketMakerSetup
Banknifty prediction for tomorrow 19 Dec 23As we discussed, Banknifty yesterday was sideways while the day was quite volatile. People who Sold 48200 CE and bought 48600 CE would have been in profit. Now, if we see the chart, it took resistance at the line we drew yesterday; now, I am expecting it to touch level 48100 again and then make a double top and fall. Reasons: 48100 will be providing a nice supply zone. Price > EMA(50,200) but < EMA(13) it might take support at 50 and then bounce back up to make the double top. OI data shows huge CE writing at 48000, which shows preparation for the bear move this week. RSI shows bullish divergence that shows it might go to double top before fall. 47600 will be providing a nice support area as price action support. The middle support line will be acting as the intermediate support line. Verdict : Sideways or Bearish Plan of action: keep holding yesterday's position, or you can make a new position once it tests the 48100 level again. Sell 48100 CE + Buy 48500 CE
NSE:BANKNIFTY
by finnova_
2
BANKNIFTY Intraday Trade Setup For 19 Dec 2023BANKNIFTY Intraday Trade Setup For 19 Dec 2023 Bullish-Above 47980 Invalid-Above 47870 T- 48220 48565 Bearish-Below 47800 Invalid-Above 47910 T- 47420 47150 BANKNIFTY has closed on a bearish note with 0.57% cut today. It opened with a slight cut and traded overall in a range. Sell triggered as per trade setup below 47890 which closed near to cost EOD due to the sideways momentum. On a flat opening best trade looks in the sell side. Below 47800 there can be a decent sell off till 47420. For a buying case it has to sustain above 47980. However bullish move with momentum will come above 48220 only. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 47980 then we will long for the target of 48220 and 48565. For selling we need a 15 min candle close below 47800. T- 47420 and 47150. 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 Prediction Levels for 18 Dec 2023The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. 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 with your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
BANKNIFTY Intraday Trade Setup For 18 Dec 2023BANKNIFTY Intraday Trade Setup For 18 Dec 2023 Bullish-Above 48220 Invalid-Below 48110 T- 48565 48920 Bearish-Below 47890 Invalid-Above 48000 T- 47510 47190 BANKNIFTY has closed on a bullish note last week with 1.87% gain last week. It was a bit messy up move as thats how a typical bull run happens. Bulls are ready to take BANKNIFTY till 50650. Till then all dips will be bought. Best outlook is to find bullish reversal trades in intraday if a dip served. No point in looking for reversal positionally till we get a bold bearish candle or sentiment on weekly charts. 48220 and 47890 are important levels for next session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48220 then we will long for the target of 48565 and 48920. For selling we need a 15 Min candle close below 47890. T- 47510 and 47190. 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 18 Dec 23As we have been discussing Bank-nifty, Bank-nifty continues to have a bullish move. By looking, OI has PCR 1.17, which is bullish. RSI also shows Huge bull strength. So, Banknifty is expected to go higher or might go sideways for some consolidation. Reason: RSI 70, which is in the bullish zone. (Bullish) RSI is showing a bearish divergence, which means it might get a correction shortly. (Bearish) OI PCR is 1.17, which is bullish. (Bullish) Heavy volume spike in last 15 min. that shows sellers are interested in selling at this level. (Bearish) it is trading at the upper resistance trendline. (Bearish) Verdict: Bullish or sideways Plan of action: Sell 48200 CE + Buy 48600 CE
NSE:BANKNIFTY
by finnova_
Banknifty Intraday Prediction Levels for 14 Dec 2023The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. 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 with your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
BANKNIFTY Intraday Trade Setup For 15 Dec 2023BANKNIFTY Intraday Trade Setup For 15 Dec 2023 Bullish-Above 47950 Invalid-Below 47840 T- 48230 48510 Bearish-Below 47500 Invalid-Above 47610 T- 47190 46885 BANKNIFTY has closed on a bullish note with 1.36% gain today. While all the gains was contributed through gap up. 10 o'clock range was to be used as per setup. And fun fact is that it just traded within the range whole day. Market will show an easy bullish move above today's high on a flat opening. Below 47500 if sustained, there can be a chance of gap filling move. In between today's range market outlook will be sideways in intraday. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47950 then we will long for the target of 48230 and 48510. For selling we need a 15 Min candle close below 47500. T- 47190 and 46885. 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 For 14 Dec 2023BANKNIFTY Intraday Trade Setup For 14 Dec 2023 Bullish-Above 47210 Invalid-Below 47100 T- 47454 47735 Bearish-Below 46880 Invalid-Above 46990 T- 46485 46155 BANKNIFTY has closed on an absolute flat note today. Sell triggered as per trade setup below 47000 and gave 1:1 move till 46887 and later hit trailing sl (cost) and reversed. Our swing long position (from 44450) was closed today @47000 as per the opted TSL. It has formed a pin-bar in daily TF so above 47210 we can expect a bullish move towards ATH. below 46880 bears will take charge. A sideways market is pretty much obvious between 47250 and 46880. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 47210 then we will long for the target of 47454 and 47735. For selling we need a 15 Min candle close below 46880. T- 46484 and 46155. 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 | 14th DecToday BankNifty shown strength, taken bounce from near our sell level and we saw a good up-move in 2nd half. Tomorrow, if BankNifty sustains above 47200, we expect to see the targets towards 47320 and upper levels on buying side. In case BankNifty sustains below today's low at 46880, we expect to see fast selling towards 46770 and below targets on the selling side. Expectations: Volatile Day Intraday Levels: Buy Above - 47200 Sell Below - 46880 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1