BANKNIFTY Levels for 7 Dec 2023If Bank Nifty opens between 46950 and 46725
If breaks 46950 then Targets are 47075, 47200, 47500
On the Downside if breaks 46725 then Targets are 46475, 46235, 45820
Bankniftyintradaylevels
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.
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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."
BANKNIFTY Intraday Trade Setup For 06 Dec 2023BANKNIFTY Intraday Trade Setup For 06 Dec 2023
Bullish-Above 47240
Invalid-Below 47130
T- 47630 48030
Bearish-Below 46730
Invalid-Above 46840
T- 43356 45938
BANKNIFTY has closed on a bullish note once again with 1.25% gain today. It opened with a huge gap up opening and 10 o'clock range was to be used as per setup. Range broke upside above 46980 and gave a move till 47230. It has formed an symmetrical triangle in 15 Min TF, breakout will lead to a fresh move either side. 47240 and 46730 are important levels for tomorrow's session.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47240 then we will long for the target of 47630 and 48030.
For selling we need a 15 Min candle close below 46730. T- 46356 and 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.
Banknifty Intraday Prediction Levels for 6 Dec 2023Banknifty Intraday Prediction Levels for 6 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 5 Dec 2023Banknifty Intraday Prediction Levels for 5 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/ Line or break down and close below the Support zone/ Line.
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 your Financial Advisor before taking any decision or trade.
#Banknifty direction and levels for DEC 5th"Good morning, friends🌺! As of December 5th, 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 neutral to slightly gap-down, considering the GiftNifty value at -20.
Regarding yesterday's structure, despite a significant increase during the last session, the RSI displayed divergence. This signals a slightly negative aspect for the bullish bias. Therefore, if it opens with a gap-down, we might anticipate a 23 to 38% fib correction. If it finds support around that level, the market could shift into a ranging phase before resuming the rally. Structurally, there isn't a major correction anticipated, but sometimes, there might be a time correction.
Conversely, if the initial market stages a sharp pullback and breaches the immediate resistance, then we can expect the rally to continue."
BANKNIFTY Intraday Trade Setup For 05 Dec 2023BANKNIFTY Intraday Trade Setup For 05 Dec 2023
Buy_1-Above 46490
Invalid-Below 46380
T- 46775 47060
Buy_2- From 45837
Invalid-Below 45727
T- 46160 46500
BANKNIFTY has closed at a record high today with 3.61% mega gain today. Our swing long position which we planned on 27 Nov above 44450 was triggered on 29 Nov. Expected target was a fresh ATH which is met today. In 4 sessions it has given more than 2000 points gain. One can book max gain here and rest trail till bullish price structure is intact in hourly TF. Tomorrow there is a possibility of a pullback. In tomorrow's dip idea will be to long on a bullish reversal price structure in 5 Min TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46490 then we will long for the target of 46775 and 47060.
We will buy from 45840 if tested for the target of 46160 and 46500.
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 prediction for 5th Dec 23As we have discussed, Banknifty breakout of inverted HNS. It has completed the target of the HNS pattern. Now, it must take some consolidation or a shortfall to the downside to balance the Demand and supply. Also, this is a resistance level; it's likely to take resistance according to the historical data.
Reasons:
Price >> EMA(13,50,200) need some consolidation or fall to downside.
PCR: 1.77 (Huge Bullish)
46500 has some CE writing. But compared to the Bulls, it's negligible.
huge PE writing on lower levels shows a strong bullish signal.
RSI = 90 already strached.
verdict:
Bullish for now but soon a fall might be seen.
Plan of action:
Round off all your bull position, and wait for some consolidation and pattern to form. Then, make a good position.
Bank Nifty Intraday Prediction Levels for 4 Dec 2023Banknifty Intraday Prediction Levels for 4 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. They 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 weekly analysis for 04/12/23.A 1000 points move in one week and the market is giving a nice bullish move.
On the daily charts, the market has tested the 45k levels this week and closed around 43800 levels.
Nifty is trading around the ALL Time high but banknifty is still 1500 points lower than its ATH.
There are chances of banknifty also forming a new ATH.
Major trading levels for this week.
Support :- 44700, 44450, 44300
Resistance :- 45000, 45200, 45850
Market looks bullish as per the weekly closing and in December month banknifty can form a new ATH.
Wait for the price action near the levels before entering the market.
#Bankniftystructurally, we can anticipate a rally
continuation if it breaks supply zone.
if it rejects there it will reach 23 to 38% correction.
Will Bank Nifty break its ATH?An inverted Head and Shoulder pattern activated on the daily charts of Banknifty after completing the restesting of 200 Daily Moving Average (DMA). It is very very good sign which confirms that bank nifty may breach its all time high as nifty has already did.
All the traders who are aware, they know the imapct of the pattern and its results....
BANKNIFTY Intraday Trade Setup For 04 Dec 2023BANKNIFTY Intraday Trade Setup For 04 Dec 2023
Bullish-Above 44960
Invalid-Below 44850
T- 45281 45611
Bearish-Below 44750
Invalid-Below 44860
T- 44460 44120
BANKNIFTY has closed on a bullish note last week with 2.39% gain. Last week we discussed that 44450 is an important swing for a upside journey. Till now index has given almost 500 points run. One should trail with PDL on closing basis, below that red candle's low we will exit longs completely. Tomorrow above 44960 we will plan a bullish trade. In case 44750 is broken and bearish price structure in 5 Min TF is established.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44960 then we will long for the target of 45281 and 45611.
For selling we need a 15 Min candle close below 44750. T- 44460 and 44120.
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 1 Dec 2023Banknifty Intraday Prediction Levels for 1 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 43220,43310,43365,43500,43620,43700,43750,43910,44000,…
Major Supports- 42890,42775,42680,42630,42480,42380,42250,42085,41980,41850,…
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 your Financial Advisor before taking any decision or trade.
BankNIFTY weekly prediction for 6th Dec Expiryas we have already discussed Banknifty has given breakout. and yesterday it also had a consolidation i will not say it was a healthy one. but I was monthly expiry and rounded well for bulls. Now I am expecting it to move bullish whole this week. Target 1 will be 45561, then some consolidation and it will move to all time high 46250.
Reasons:
Price has already broken out 2 month breakout with Inverted HNS. (Bullish)
RSI is in bullish zone crossing 60 to upside. (Bullish)
Bullish Golden crossover successful. (Bullish)
Inverted HNS breakout and successful retesting of neck-line. (Bullish)
According to OI, PCR: 1.24 (Bullish) with max pain = 44900 or 45000. Bears is not having much of positions that bulls have to worried right now.
Verdict:
Strong Bullish
Plan of action:
Sell 44900 PE and Buy 43700 PE
BANKNIFTY Intraday Trade Setup For 01 Dec 2023BANKNIFTY Intraday Trade Setup For 01 Dec 2023
Bullish-Above 44770
Invalid-Above 44880
T- 45080 45345
Bearish-Below 44250
Invalid-Above 44360
T- 43980 43710
BANKNIFTY has closed on a slight bearish note with 0.19% cut today. Now next round of up move will resume above 44770 only. Today it traded between buy and sell level for the whole day. There can be a very good trendy move with momentum above today's high. Below 44250 it will give a downside move. In between it is risky to trade as it be a zoned market between today's high and low.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44770 then we will long for the target of 45080 and 45345.
For selling we need a 15 Min candle close below 44250. T- 43980 and 43710.
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 NOV 30"Good morning, friends🌺! As of November 30th, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market exhibits a significantly bullish trend. It might open with a neutral to a slight gap-down, considering the GiftNifty value at -10.
Structurally, it appears to be a range-bound market. Even if it opens with a gap-up or gap-down, a minor correction of 23 to 38% can be expected. The rally will persist only if the market solidly breaks the immediate resistance level.
This same sentiment applies to a bearish structure, indicating that a correction will occur only if it breaks the 38% Fibonacci level. Until then, we can anticipate the market remaining within a range."
BANKNIFTY Intraday Trade Setup For 30 Nov 2023BANKNIFTY Intraday Trade Setup For 30 Nov 2023
Bullish-Above 44640
Invalid-Below 44530
T- 44915 45160
Bearish-Below 44300
Invalid-Above 44410
T- 44058 43790
BANKNIFTY has closed on a bold bullish note with more than 1.5% gain today. Important swing high 44450 was broke today. Now index has changed its daily TF structure into bullish. Index looks ready to test 45850 and may be a fresh ATH. Today it opened with gap up above our buy level so 10 o'clock range was to be used. Range broke upside above 44140 and gave a fantastic move till 44630.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44640 then we will long for the target of 44915 and 45160.
For selling we need a 15 Min candle close below 44300. T- 44058 and 43790.
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.
FASP levels for Bank Nifty 30/11/2023The FASP for BankNifty is listed for 30-11-2023. 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.
Bank nifty will take break in the zone tomrrow? !!!!Bank Nifty after a jump.... what next !!!!!
Will it take rest in the marked zone or jump or reverse....
Keep Learning with NG
#Banknifty directions and levels for NOV 29th"Good morning, friends🌺! As of November 29th, the global market sentiment remains bullish, as indicated by the Dow Jones. However, our local market shows a moderately bullish trend. It might open with a slight gap-up start, considering the GiftNifty value at +60.
If the gap-up sustains, then we can expect a rally continuation with minor consolidation. On the other hand, if the gap-up doesn't sustain or if it sharply rejects around the immediate resistance level, then we can expect a correction, which may involve a minimum 23% to 38% Fibonacci correction. However, a proper reversal will only occur if it breaks the 38% level."
