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.
Bankniftyintradaylevels
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.
Banknifty View - 14 December 2023Banknifty is clearly showing bullishness. I've marked the important levels on the chart.
I will be buying only after a retracement. Only an upward move without retracement is not a sustained movement.
Banknifty has given a breakout in the daily frame.
Sideways - 47386 to 47572
Bullish above 47572 with targets 47731, 47830 and 47989
Bearish below 47386 with target 47240 (highly unlikely)
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.
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
Banknifty Intraday Prediction Levels for 13 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.
Banknifty Prediction for tomorrow 14 Dec 23As we have discussed yesterday, BankNifty gave a fall and then took support at 46900, which was a minor support zone. Because of expiry it turned out to be a sideways day. according to the OI as 0.95 it seems bullish. But according to the price action 47200 will be acting as resistance level. if it breaks 47200 to upside then it will go bullish. Reasons:
RSI 40-60 sideways now if breaks 60 level upside then it will turn bullish again.
OI shows bullish with PCR 0.95.
Price > EMA(13,50) which shows a bullish signal.
If breaks the 47200 level then it will be providing nice momentum. else will be sideways.
Has broken resistance trend line to upside more chances to go up.
Verdict:
Sideways < 47200 if breaks to upside go bullish.
Plan of action:
keep neutral position below 47200. once breaks go bullish.
#Banknifty directions and levels for DEC 13thGood morning, friends. Directions for December 13th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a neutral to slightly gap-up start.
Structurally, it's a range market. However, if the market breaks the immediate resistance with a solid structure, then we can expect a pullback continuation. On the other hand, if it rejects that level, then the previous range will likely continue. The same applies to a downtrend. If the market finds support around the immediate support level, then the range will continue. However, if it breaks this level, we can expect correction continuation."
BANKNIFTY Intraday Trade Setup For 13 Dec 2023BANKNIFTY Intraday Trade Setup For 13 Dec 2023
Bullish-Above 47260
Invalid-Below 47150
T- 47600 48013
Bearish-Below 47000
Invalid-Above 47110
T- 46720 46350
BANKNIFTY has closed on a bearish note with 0.46% cut today. Sell triggered as per trade setup below 47180 and gave a move till 47005 and market closed at mid target. Tomorrow once again bearish move likely to continue below today's low. For a bullish action it has to regain 47260. Also daily candle has closed below PDL so below today's low we will exit longs completely and there will sentiment reversal.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47260 then we will long for the target of 47600 and 48013.
For selling we need a 15 Min candle close below 47000. T- 46725 and 46350.
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.
Banknifty Intraday Prediction Levels for 12 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.
BankNifty Intraday Trade Setup | 13th DecBankNifty has formed bearish pattern yesterday on daily time and today we got the closing below yesterday's low. Tomorrow, if BN sustains below the physiological level of 47000 it can further slide upto 46850 and below levels.
Expectations: Volatile Day
Intraday Levels:
Buy Above - Multiple resistances, will look for sell on rise if opens with gap-up.
Sell Below - 47000
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANKNIFTY Intraday Trade Setup For 12 Dec 2023BANKNIFTY Intraday Trade Setup For 12 Dec 2023
Bullish-Above 47590
Invalid-Below 47680
T- 48013 48325
Bearish-Below 47180
Invalid-Above 47290
T- 46785 46350
BANKNIFTY has closed almost on a flat note with slight gain of 0.11% today. Buy triggered as per trade setup above 47310 and gave a good momentum till 47580 later turned sideways. Index sentiment is intact till our TSL in swing long (from 44450) is intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit longs completely. And in that case there will be sentiment reversal from bullish to bearish. 47590 and 47180 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 47590 then we will long for the target of 48013 and 48325.
For selling we need a 15 Min candle close below 47180. T- 46785 and 46350.
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.
BANKNIFTY Intraday Trade Setup For 11 Dec 2023BANKNIFTY Intraday Trade Setup For 11 Dec 2023
Bullish-Above 47310
Invalid-Below 47200
T- 47687 48055
Bearish-Below 47100
Invalid-Above 47210
T- 46725 46350
BANKNIFTY has closed on bold bullish note last week with 5.46% gain. On 27 Nov (trade setup) EOD we planned a bullish trade above 44450 and a chance of a fresh ATH was also discussed. It has violently made a fresh ATH and now opted TSL is PDL. If a daily candle closes below PDL and that red candle's low is breached then we will exit longs completely. Tomorrow on flat opening above 47310 bullish move will continue. 47100 is a confluence level. Breakdown after support validation will trigger a intraday fall.
Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 47310 then we will long for the target of 47687 and 48055.
For selling we need a 15 min candle close below 47100. T- 46725 and 46350.
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.
Banknifty Intraday Prediction Levels for 11 Dec 2023Banknifty Intraday Prediction Levels for 11 Dec 2023
The 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.
BANKNIFTY prediction for tomorrow (Moday) 11th DecAs we discussed, Banknifty's analysis gave a really nice momentum after the election result. Now, Banknifty is trading at a high time and is also forming an inverted HNS pattern. However, Inverted HNS works best at the bottom of the trend, not at the top. I am expecting a correction or sideways consolidation for Banknifty in the upcoming week.
Reason:
RSI = 75 (Bullish) trading in the bullish zone. (Bullish)
Inverted HNS breakout. Only make a bullish position if retraced. (Partially Bullish)
Price > EMAs, 50 EMA was providing a nice support point. (Bullish)
46550 will be acting as a strong support point.
OI is still showing HUGE PE writing on 47000. the only point of concern on the upside is 47500. (Bullish)
FII Data is neutral in the case of Banknifty.
Verdict:
Bullish
Plan of action:
Follow the Chart plan.
Banknifty Intraday Prediction Levels for 8 Dec 2023Banknifty Intraday Prediction Levels for 8 Dec 2023
The 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.
Banknifty Intraday Prediction Levels for 7 Dec 2023Banknifty Intraday Prediction Levels for 7 Dec 2023
The 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.
BANKNIFTY Intraday Trade Setup For 08 Dec 2023BANKNIFTY Intraday Trade Setup For 08 Dec 2023
Bullish-Above 46930
Invalid-Below 46820
T- 47260 47630
Bearish-Below 46650
Invalid-Above 46760
T- 46347 46040
BANKNIFTY has closed on an absolute flat note today. However the closing sentiment looks a bit bullish as it closed near day high. This bullishness will continue tomorrow above 46930 tomorrow. Our TSL in long (from 44450) is still intact. If a daily candle closes below PDL and below that red candle's low we will exit longs completely. On TSL sentiment will change to slight bearish from bullish. 44930 and 44650 are important levels for tomorrow's session.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46930 then we will long for the target of 47260 and 47630.
For selling we need a 15 Min candle close below 46650. T- 46347 and 46040.
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.
#Banknifty Directions and levels for DEC 7th."Good morning, friends🌺! As of December 7th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a gap-down start, considering the GiftNifty value at -50.
Afterward, if it breaks the immediate support level, then we can expect a continuation of the correction. However, if it finds support around the immediate support level, it might turn into a range market for a pullback continuation.
The rally will occur only if it breaks the previous high with a solid structure. Otherwise, it will form a consolidation structure."
BANKNIFTY Intraday Trade Setup For 07 Dec 2023BANKNIFTY Intraday Trade Setup For 07 Dec 2023
Bullish-Above 46970
Invalid-Below 46860
T- 42260 47630
Bearish-Below 46750
Invalid-Above 46860
T- 46356 45938
BANKNIFTY has closed on a slight bearish note with 0.38% cut today. It traded between yesterday's range the whole day. Bullish sentiment will change when daily candle closes below PDL and that red candle's low will be breached. It can give us a good directional move on the breakout of 47260 and 46750 in 15 MIN TF. Be very alert on downside for a bullish reversal as mother sentiment is bullish. 46970 and 46750 are important levels for tomorrow's session.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47260 then we will long for the target of 47630 and 48030.
For selling we need a 15 Min candle close below 46750. T- 46356 45938.
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.
Bank Nifty: Month December 2023Bank Nifty is on Life time high.....
May we see Bank Nifty till the marked levels....
As per me 47300-400 range is a good resistance zone for the said Index.
Still we may see a New high of Bank Nifty till the marked levels and then might be a good reversal to make it Life time High for next couple of months.....
Bank Nifty may is on reversal mode or in upside mode.
I am just sharing for the reading purpose, hence i am not giving any levels.
Keep Learning with NG!!
#Banknifty directions and levels for DEC 6th."Good morning, friends🌺! As of December 6th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a gap-up start, considering the GiftNifty value at +60.
Afterward, if the gap-up has a solid structure, then we can expect the rally to continue. On the other hand, if the gap-up doesn't sustain or if it reaches the immediate resistance with minor consolidation, then it might turn into a correction. However, we should wait for confirmation to use the Fibonacci levels from yesterday's minor low to the upcoming high. If it breaks the 38% level, then we can expect a minimum 78% swing low."