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Bankniftyintradaylevels

BANK NIFTY FUT | 31 OCT 23AS WE CAN SEE THAT BANKNIFTY HAS TAKEN GOOD SUPPORT FROM CHANNEL BOTTOM i.e 42088, REMEMBER ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 31 OCT,23 BELOW FOR NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 43488 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 43800 - R2: 44055 - R3: 44355 SHORT PLAN >>>>> 🐻 - 43111 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL) - S1: 42900 - S2: 42699 - S3: 42414 PLEASE FOLLOW FOR MORE REGULAR UPDATES. QUOTE FOR THE DAY : “Every battle is won or lost before it’s ever fought” – Sun Tzu 📌📌📌📌📌 Disclaimer - I am not SEBI Registered Research Analyst or Investment Advisor. All Information provided above are just for Education purpose only . They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investments.
NSE:BANKNIFTY1!
by Omkar9992
#Banknifty directions and levels for oct30"Good morning, friends! As of October 30th, the global market sentiment is bearish, as indicated by the Dow Jones. Our local market is also showing a moderate bearish trend. It may open with a neutral to slightly gap-down start. Structurally, we can expect a minor correction ranging from 38% to 61%. After that, if a pullback occurs, we can anticipate a range-bound market with a potential for continuation. On the other hand, if it breaks the previous bottom, the correction is likely to persist. However, if the market opens with a gap-up, we can only expect pullback continuation if it manages to sustain."
NSE:BANKNIFTY
by Manickamtraders
Banknifty weekly analysis for 30/10/23.Banknifty has been trading below Weekly 20 ema and has given nice trending movement of around 1500 points from high to low while closing around 940 points lower. It recovered around 1% or 500 point higher on the last trading session that is a retracement after the selling leg. Daily candle is showing a retracement and can test fibonacci 38.2% or 50% level. The closing on the hourly charts is above the 20 ema after consolidating around the level. Support :- 42500, 42320, 42130 Resistance :- 43100, 43380, 43620 After a selling leg the market are retracing to clear the imbalances. The trend is bearish for now and sell on rise in the market cycle. Wait for the price action and a setup for the entry. Trailing stop loss can give good targets on the bearish side.
NSE:BANKNIFTY
by TheMamboMomentum
1
Astramicro: Weekly Flag BOA Flag and Pole Pattern is visible on thw weekly chart of NSE:ASTRAMICRO One can Create position in the scrip as per the levels mentioned in the chart. If you agree with the idea then hit the airplane icon and don't forget to follow me to get all the latest updates. Post your comments and queries. Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:ASTRAMICROLong
by raigvivek
2
27th Oct ’23 - Bears taking some rest before the next move?BankNifty Analysis During periods of trend reversals, BankNifty will act as the leading indicator. I hope that will work out in this period as well. Today’s price action is quite too early to say if we have reversed the bearish trend - because it was mostly support and resistance play. BN started around the 42576 zone and held its ground confirming the lack of momentum of the bears (as of now). It could also be a day of rest as we had strong price moves already this week. BN was unable to climb back upto the resistance zone of 43012 - indicating lower strength of the bulls as well. Till we get clarity if its a reversal or trend continuation, I wish to change my stance to neutral from bearish. The resistance points above the spot are 43012 and 43253. The support zones are 42576 & 41624. Yesterday we discussed the importance of 41624, since it comes at a drop of 1158 points - the bears have to really exert that much pressure. This reassures the decision to take some rest and build up the momentum for the next move.
NSE:BANKNIFTY
by viswaram
Banknifty Intraday Prediction Levels for 26 Oct 2023Banknifty Intraday Prediction Levels for 26 Oct 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- 43090,43220,43300,43635,43700,…. Major Supports- 42650,42485,42330,42285,42170,42080,42000,… 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
BANK NIFTY FUT | 26 OCT AS WE CAN SEE THAT THE MARKET IS IN A DOWNTREND, ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 26 OCT,23 BELOW FOR NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 43020 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 43188 - R2: 43366 - R3: 43544 SHORT PLAN >>>>> 🐻 - 42720 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL) - S1: 42566 - S2: 42404 - S3: 42277 PLEASE FOLLOW FOR MORE REGULAR UPDATES. QUOTE FOR THE DAY : “What separates the “consistently great” athletes and performers from everyone else is their distinct lack of fear of making a mistakes” 🚀🚀🚀🚀 -Mark Douglas 📌📌📌📌📌 Disclaimer - I am not SEBI Registered Research Analyst or Investment Advisor. All Information provided above are just for Education purpose only . They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investments.
NSE:BANKNIFTY1!
by Omkar9992
BANKNIFTY Intraday Trade Setup For 27 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 27 Oct 2023 Bullish-Above 42380 Invalid-Below 42270 T-42650 42925 Bearish-Below 42100 Invalid-42210 T-41835 41487 BANKNIFTY has closed once again on a complete bearish note today with 1.29% cut. It opened with a slight cut actual trade was 10 o'clock range breakout which happened in the downside below 42370 and gave a move till 42110 and risk (last swing high) was 42460. Tomorrow above 42380 after a flat opening we can give a good bounce. Be very strict in trailing after sell triggers ,especially near 41950. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42380 then we will long for the target of 42650 and 42925. For selling we need a 15 Min candle close below 42100. T- 41835 41487 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.
NSE:BANKNIFTY
by Omahto
Banknifty daily analysis for 27/10/23.Banknifty has been trading below the 200 DMA and for consecutive 3 trading session it has closed in red. Today, the close is below 550 points after testing low of 42100. The trend in the market is bearish and more selling upto 41500 level can be seen in the coming days. On the hourly chart, there was a fall in the first half of the session and consoldiated in a parallel channel in the second. A perfect bearish flag and pole formation is there on 15 minutes chart. Support :- 42000-40, 41500 Resistance :- 42800, 43000 Market has given a break down and now there are big targets in the market. If the market breaks down the parallel channel there can be another sell off breaching another round number levels of 42000. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
FASP levels for Bank Nifty 26/10/2023The FASP for BankNifty is listed for 26-10-2023. 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
BANKNIFTY Intraday Trade Setup For 26 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 26 Oct 2023 Bullish-Above 43000 Invalid-Below 42890 T- 43335 43650 Bearish-Below 42750 Invalid-Above 42860 T- 42420 42155 BANKNIFTY has closed on a complete bearish note with 0.74% cut today. Sell triggered as per trade setup below 43020 and hit 1st target by closing (43020- 42760). Tomorrow once again on a flat opening below 42750 we will get a trendy downside move. For a bullish move it has to sustain above 43000 in 15 Min TF. So 43000 and 42750 are important levels for tomorrow's session to look for breakout. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43000 then we will long for the target of 43335 and 43650. For selling we need a 15 min candle close below 42750. T- 42420 and 42155. 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.
NSE:BANKNIFTY
by Omahto
Banknifty Expiry Trade setup for 25-10-23BankNifty important levels to watch are as follows #Support: 43160 Sell below: 43160 only on 15 minute candle closure below the level. Target 1: 43000 Target 2: 42850 #Resistance: 43360 Buy Above: 43360 only on 15 minute candle closure Above the level. Target 1: 43525 Target 2: 43700-710 => # 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. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator 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 monthly expiry trading levels (26/10/23).Banknifty has given a nice fall of 2% in just 2 trading session and closed below the round fingure of 43k. Today, it recover for the imbalance in the markets and gave a fall of 200 points in two candle followed by a 300 coming from a single candle that took out the support levels. On the hourly chart, market has given a good fall and consolidated in the second half which is good for the monthly expiry tomorrow. Now the market trend for a short term is bearish and sell on rise cycle is in. Option buyers can make positions with a setup confirmation. Support :- 42600, 42350 Resistance :- 43090, 42380 Banknifty has respected the levels giving the target of 42800 and taking support from the same. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANK NIFTY FUT | 25 OCT, 23 AS WE CAN SEE THAT THE MARKET IS IN A DOWNTREND, ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 25 OCT,23 BELOW FOR BANK NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 43299 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 43444 - R2: 43577 - R3: 43699 SHORT PLAN >>>>> 🐻 - 42966 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL) - S1: 42799 - S2: 42633 - S3: 42466 PLEASE FOLLOW FOR MORE REGULAR UPDATES. QUOTE FOR THE DAY : “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” 🚀🚀🚀🚀 -Mark"Douglas 📌📌📌📌📌 Disclaimer - I am not SEBI Registered Research Analyst or Investment Advisor. All Information provided above are just for Education purpose only . They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investments.
NSE:BANKNIFTY1!
by Omkar9992
#Banknifty directions and levels for oct25"Good morning, friends! As of October 25th, the global market sentiment is moderately bearish, as indicated by the Dow Jones. However, our market is also bearish. It may open with a slight gap-up. After that, if the gap-up doesn't sustain, we can expect a continuation of the correction with minor pullbacks. On the other hand, if the gap-up sustains, we can expect a range-bound market between the previous stock. We can anticipate a rally only if it breaks the top of the minor correction starting point."
NSE:BANKNIFTY
by Manickamtraders
1
BANKNIFTY Intraday Trade Setup For 25 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 25 Oct 2023 Sell_1-From 43550 Invalid-Above 43660 T- 43335 43100 Sell_2- Below 43020 Invalid-Above 43130 T- 42725 42420 BANKNIFTY has closed on a complete bearish note with 1.31% cut on Monday. 43550 was the short level for last session. It triggered and we witnessed a free fall in index. Wild bearish move will continue below 43020/43k. There is a high probability of a pullback tomorrow so in case 43550 is tested in the opening sentiment then we will plan a short from there. 2nd confluence level is 43350 zone in case it opens below this zone. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes below 43020. T- 42725 and 42425. Incase 43550 is tested in the 1st hour then we will short from there. T- 43335 and 43100. 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.
NSE:BANKNIFTY
by Omahto
Banknifty daily analysis for 25/10/23.Banknifty has given a nice trending move after forming a bearish flag and pole pattern in the market. It has closed 570 points lower with major fall in a single hour candle of 14:15. Market continued to hold the previous day low and the support zone around it but in the second half the market started trading below the previous swing low of 43600 finally touch 43k level. Even the 200 ema couldn't sustain as a support and market has closed below it which adds up to the bearish sentiments. On the hourly charts, it constantly took resistance from the 20 ema and came for selling. Support :- 43090, 42800 Resistance :- 43420, 43590 The fall was a nice one and there are chance of market following a trend. The close of the market is outside the ongoing consolidation range. Sell on rise market has started as it has closed below the swing low. Trade with a strict SL and enter only with a good R:R ratio. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Bank Nifty intraday setup 23rd Oct 2023Good Morning Traders, Guy's Markets are on support zone, chances are high we can see reversal from here, Banking sector results are also coming very attractive, Icici bank and kotak bank has shown a magnificent results. In friday session Bank nifty has formed a bullish candlestick pattern with a long upper shadow, which resembles an inverted Hammer kind of pattern formation on the daily time frame. So this is proper bullish reversal pattern formed at the downtrend, But in case the index breaks 43500, the crucial support, then further selling pressure towards 43300 or 200- day ema can't be ruled out. Important levels for Bank nifty:= Important support zone 43500-43600 Strong Support zone 43300 Important resistance zone 43900-44000 Strong Resistance zone 44200 Buy above 43777, if levels sustains at least for 30 Mints. Targets we can see in upside 43877/43988 Keep stop loss at 43608 Sale below 43608, if levels sustains at least for 30 Mints. Targets we can see in downside 43498/43375 Keep stop loss at 43777 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer: - Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:BANKNIFTY
by TraderRahulPal
5
BANKNIFTY Intraday Trade Setup For 23 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 23 Oct 2023 Bullish-Above 43880 Invalid-Below 43770 T- 44125 44370 Bearish-Below 43550 Invalid-Above 43660 T- 43235 42885 BANKNIFTY has closed on a bearish note with 1.28% cut last week. Apart from one day (18 Oct) the intraday momentum was sideways and bearish moves are not so so it indicates more sideways momentum in the next few sessions. However it has tested weekly swing low of 43600. Sustaining below this will initiate a larger downfall. Tomorrow's best trade scenario will be on flat opening. It has formed an inside candle in daily TF so incase 43550 is breached on a flat opening, we can witness trendy fall. 43880 is the level for upside. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 43880 then we will long for the target of 44125 and 44370. For selling we need a 15 min candle close below 43550. T- 43235 and 42885. 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.
NSE:BANKNIFTY
by Omahto
Banknifty weekly analysis for 23/10/23.Banknifty has crossed the previous week low and closed losing 560 points lower on the weekly charts. It has closed below the 20 ema of weekly charts which signifies some negativity in the market. The market now has a support level around 43400 as it has started trading below the previous low formed by banknifty. On the daily charts, the market has form an inside candle and closed between both the moving averages. This weekly expiry on thursday can be a trending one as it is the monthly expiry. It is trading around the low and if the low is broken there are high chances of a short term bearish move in the market. It has been facing resistance from the 20 ema, on hourly charts, and has closed between both the moving averages. In the last trading session the market has consolidated in a squeezed range. There was a nice resistance from 43800 levels which gives a high conviction in the market coming for a selling. Support :- 43580, 43420 Resistance :- 43980-44000, 44300 Banknifty has given a nice fall this week and there are high chance of a trending market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum