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Bankniftyintradaylevels

Bank Nifty Support Resistance 18Sept2023 As Per Techincal Analysis Market On Week High and as per day candel also markets at high levels As Per My Point Of View Market Need to Retest Downside Againt or Wait 2 3 days then breakout will be strong otherwise market can fall. Support Resistance For Tomorrow If the Market Opens Gapup Above 46315 then wait for sustenance or wait for retest previous day closing 46154. If Market sustenance above 46300 and Close a Green 15Mint Candel Then We can Go at Bullish Side For the Downside Market needs to Break 46000 Then a Downfall is Possible upto 46853-46814 For the Downside Market have to much resistance. Support Levels: 46150/46000/45853 Resistance if market open Gapdown then 46315 Support Resistance AS PER OI Data Big Support = 46000 Big Resistance 46500 But Minor resistance at 46200/46300 #banknify #supportresistance #nifty50 #techincal #tradingview #santubittu #Tommorwanalyis
NSE:BANKNIFTYShort
by santubittu
Banknifty weekly analysis for 18/09/23.After a nice upside momentum banknifty is now in a sideways trend and during the last trading session it has consolidated hitting 46300 levels. It is trading around the ATH and on the weekly charts there is a nice V-shape recovery for the markets. On the daily charts, there is a formation of a doji and has closed 230 points higher. Nifty has already crossed the ATH and is trading around the new high. Its time for banknifty to give a break out or take a halt and then give a break out. A good trading opportunity will be there if the markets consolidated and then give a break out as the market has already given a nice upside move. There is also a bearish RSI divergence on the daily charts which will not give much of a confidence in the bullish trade. On the hourly time frame, it has sustain above the moving averages and is still trading above it. If the market give a break down and close below the 20 ema there will be a chance of a momentum and hit a small target on the bearish side in a bullish market. Support :- 46080, 45860,45600 Resistance :- 46300, 46500(round number figure), 46830 (fib level) Banknifty is having good support on the lower side and it can reverse taking support from the support zone. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 18 Sep 2023BANKNIFTY Intraday Trade Setup For 18 Sep 2023 Bullish-Above 46320 Invalid-Below 46210 T- 46585 46855 Bearish-Below 46020 Invalid-Below 46130 T- 45720 45415 BANKNIFTY has closed on a bullish sentiment with 2.88% gain last week. Before Sep 8 we were waiting for the daily range shift to get a directional move. Range was 45k and 44K which broke in the upside on 8 Sep and we got a decent move (45160-46310, more than 1:1). Also we are very close to our target which is a fresh ATH. Now either one can book some or trail sl to PDL (CB). Incase case of a gap down tomorrow 45700 zone can act as support zone. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46320 then we will long for the target of 46585 and 46855. For selling we need a 15 min candle close below 46020. T- 45720 and 45415. 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
15 Sep ’23 Post Mortem on BankNifty - new ATH for monday?BankNifty Analysis Banknifty also had a similar chart pattern like Nifty50. The good thing is that it has caught up near the all time highs. We just have 98pts to be taken out for a new lifetime high. Today’s price action and the far OTM premiums were totally out of sync. The volatility was falling still there were adequate price swings - which is not the case usually. I waited and waited for the prices to hit the limit price and ended up not getting filled. Today’s message being - Dont be too greedy, especially in low VIX environment. On the 1hr TF banknifty is still looking strong. The main question is what was the freak behaviour of HDFCBK in the last 30mts of trade today. If its a positive news flow we will end up hitting a new ATH on monday. If its negative - it could end up crashing the markets as well - such is the power of this elephant. For monday I wish to maintain the bullish stance and would like to reverse and go short only if the 45910 levels are getting taken out.
NSE:BANKNIFTYLong
by viswaram
Triangle Pattern breakout seen in lower time frame in bankniftyGood Morning Guy's. Banknifty have formed a dogi kind of candlestick pattern on the daily time frame after the rangebound trade, as the closing was near opening levels, indicating the thug of war between sellers and buyers for the future trend, but anyway index has successfully given a closing above 46000 levels, which is a positive sign in near term, Today global market also looking good, Seems we can see some fireworks in banknifty for upside levels. Well strategy for now is same like earlier, Buy on Dips. Guy's if you see the levels in lower range some where around (45700-45850), then see those levels as an opportunity, and accumulate there. Well according to me, (45700-45850) levels gonna to be act as strong support zone in near term. Today if market able to hold their breadth above 46000 till first half, then i feel, we can see banknifty towards 46250+ levels, even i am sure, may be we can cross all time high in banknifty which was (45369). Well let's see, we are gonna to act according to the levels and price action. Most of the levels i already have marked on chart but still i am gonna to write here as a support. Important levels for Bank nifty:- Strong Support zone 45700-45850 Strong Resistance zone 46150-46350 Buy above 46019, if levels sustains at least for 15 mints. Targets we can see in upside 46144/46369/44493+ Keep stop loss at 45857 Guy's as market is highly bullish don't try to sale and wait until you won't see proper breakdown of (45700) levels. Intraday selling moods works according to price action, with strict stop loss. 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:BANKNIFTYLong
by TraderRahulPal
2
#banknifty"Good morning! As of September 15th, there is no significant difference compared to the last session. Global market sentiment remains neutral, primarily based on the performance of the Dow Jones. The market trend is moderately bullish, with a possibility that it may open with a neutral to slightly bullish gap. If the market subsequently breaks the previous high, we can anticipate a rally continuation with minor consolidation. On the other hand, if the gap-up doesn't sustain, we can expect the market to enter a correction phase."
NSE:BANKNIFTY
by Manickamtraders
14 Sep ’23 Post Mortem on BankNifty - just 0.8% to take out ATHBankNifty Analysis Banknifty had a decent range bound day today, but the options premium had some unusual jumps. I wasn't prepared to take advantage of those - especially during the open period as I was scanning for Nifty strikes to sell. After a few minutes I still saw the exorbitantly high OTM premiums both for PE and CE - but still couldn't capitalise as my margins were totally blocked. This scenario has occurred due to the shifting of banknifty expiry to wednesdays. The lack of liquidity is shooting up options prices and I assume most credit spread writers may be dearly paying for this. From a price action perspective, the sudden drop from 09.40 to 10.20 is still a mystery. Was it because we had a gap up opening and then the big-boys wanted a flattish closing so they had to sell a few heavyweights? We are just 389pts ~ 0.84% below the ATH. With the momentum gained - it's quite possible that we take this out over the next 2 sessions. I won't even be surprised if we hit it tomorrow. I wish to go with a bullish bias for tomorrow with stop loss being 45725.
NSE:BANKNIFTYLong
by viswaram
Banknifty daily analysis for 15/09/23.Finally, banknifty has crossed 46k levels and has closed around it. Today the market was a bit volatile and remained sideways after an initial gap up opening. It tested 46100 levels and reversed making base around 45850 levels and consolidated in a 150-200 point range in the second half of the session. On the hourly charts, the market hasn't given a close above our resistance level and has closed above both the moving averages. Watch for the markets and it would be good to trade only a perfect setup as there are chance of market going in a sideways to volatile mode. On 15 minute charts, market consolidated and traded around the 20 ema and has closed just above it. Support :- 45850, 45620 Resistance :- 45070, 45300 Banknifty is still close to the recent high but nifty has already crossed and given a close near it ATH. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 15 Sep 2023BANKNIFTY Intraday Trade Setup For 15 Sep 2023 Bullish-Above 46160 Invalid-Below 46050 T- 46450 46750 Bearish-Below 45800 Invalid-Above 45910 T- 45530 45290 BANKNIFTY has closed with a slight gain of 0.2% today. It opened with a slight gap up and buy triggered as per trade setup above 46000 which hit sl after giving small momentum. Later 10 o'clock range broke downside below 45912 and gave around 100 points. Yesterday 45800 was projected a pullback support before the buy level. 45800 acted as a iron support for the rest of the day. Tomorrow there can be good sell off on break of 45800. Above 46160 if sustained we can create a fresh ATH. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46160 then we will long to the target of 46450 and 46750. For selling we need a 15 Min candle close below 45800. T- 45530 and 45290. 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"Good morning! As of September 14th, there is no significant difference between the last session. Global market sentiment is neutral, based on the Dow Jones alone. The market trend is moderately bullish, and there is a possibility that the market might open with a neutral to slightly bullish gap. After that is the gap-up breaks the supply zone with minor consolidation or solidly then the rally will continue. on the other hand, if it rejects there, then we can expect min 38%fib correction.
NSE:BANKNIFTY
by Manickamtraders
13 Sep ’23 Post Mortem on BankNifty - weekly expiry special BankNifty Weekly Analysis Between the last expiry and today BankNifty has gone up an impressive 3.2% ~ 1422pts. Quite a remarkable feat and the major reason why we had a breakout rally. The weekly chart looks pretty loaded up for further gains. BankNifty Today’s Analysis Yesterday I remember saying the “rally is still not dead in banknifty” although my view was only moderately bullish. But what we witnessed today was strong bullishness proving me wrong. Today’s intraday swing saw a move of 692pts ~ 1.53% and outperforming the NiftyIT index by a huge margin. Since we had the weekly expiry today, the options premium started on the lower side. Even though the upward possibility was there, it did not show itself till 11.00. Right after that the option prices started to jump pricing in the mega move that followed. The advantage of using the options flow to guess direction is that it helps you guess the direction with a higher probability. If you club that with the chart patterns - the combination becomes unbeatable. On the 1hr chart the next resistance should be around the 46302 levels whereas the next support will be 45615. I wish to stay moderately bullish ie. 50% bullish & 50% neutral until the resistance is not taken out. In case we have a beach in support - I wish to go short.
NSE:BANKNIFTYLong
by viswaram
BANKNIFTY Intraday Trade Setup For 14 Sep 2023BANKNIFTY Intraday Trade Setup For 14 Sep 2023 Bullish-Above 46000 Invalid-Below 45890 T- 46250 46515 Bearish-Below 45610 Invalid- Above 45720 T- 45295 45050 BANKNIFTY has closed on a bullish note with 0.87% gain today. Buy triggered as per trade setup above 45630 and 1st target was achieved very smoothly (45630-45990). Initially sell level was tested but not sustained. On Apr 8 daily range was broken in the upside above 45k and was updated that we will have a direction move and is approaching its ATH. Now TSL swing position is today's low- 45290. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46000 then we will long for the target of 46250 and 46515. For selling we need a 15 min candle close below 45610. T- 45300 and 45050. 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 14/09/23.Banknifty on the weekly expiry has given nice up move and formed a bullish engulfing candle. It almost touched 46k levels and has closed above 45900 levels. Nifty has formed an All time high and banknifty is looking forward to hits it's new ATH. The market formed a base around 45300 and gained up side momentum giving a 600+ point move from the day low. On the hourly charts, market took support from the 20 ema and moved in the upward direction. It took a halt in the last hour of the session. Banknifty is still looking bullish but the market has stretched way too much. If it hit trades around the ATH there will be more chances of profit booking or retracement. On 15 minute charts, it breached the 20 ema and came back strongly crushing and moving higher than the moving averages and hitting our targets. Support :- 45630, 45330 Resistance :- 46070, 46300 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
We can see consolidation in Bank NIfty in near Term (13/Sep/23)Good Morning Traders, Banknifty has witnessed a sell off after opening on higher and closed negative for the day. I think we might can see some consolidation in between 45800-45000 from short term perspective. Daily and hourly momentum indicator are providing divergence signals which could lead to a consolidation in near term. Global market also looking mixed today. Yesterday FII'S has sold shares worth of 1047 crores, while DII'S bought 259 crores worth of stocks. We might can see negativity in indian market in today's session. But Still long term trend is positive guy's always look opportunity when you see any big intraday fall. Intraday Levels for BankNifty:- Support Zone 45000 Resistance Zone 45800 Buy above 45639, if levels sustains at least for 15 minutes. Targets we can see in upside 45815/45968 Keep stop loss at 45351 Sale below 45351, if levels sustains at least for 15 minutes. Targets we can see in downside 45139/44968 Keep stop loss at 45639 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
4
BANKNIFTY Intraday Trade Setup For 13 Sep 2023BANKNIFTY Intraday Trade Setup For 13 Sep 2023 Bullish-Above 45630 Invalid-Below 45520 T- 45915 46150 Bearish-Below 45320 Invalid-Above 45430 T- 45050 44770 BANKNIFTY has closed with a slight cut of 0.13% today. It was a roller coaster ride since opening, huge volatility. It opened directly near our 1st buy target via a big gap up. 10 o'clock range was to be used as per trade setup. Range broke downside below 45400 and last swing high was 45455. Small sl was hit today. Tomorrow best trade will be on flat opening. In case of a big gap down near 45100 it can give a sharp bounce. In case of a gap up it can find resistance near 45700. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 45630 then we will long for the target of 45915 and 46150. For selling we need a 15 Min candle close below 45320. T- 45050 and 44770. 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 expiry analysis for 13/09/23.Banknifty after a gap up opening came for a profit booking and closed 60 points lower forming a red candle on the daily charts. On the hourly charts, it seem to consolidate after the initial sell off and has closed above both the moving averages. Market has given a nice bullish move and are stretched enough to give a retest or consolidation. It will be sideway or volatile before giving another bullish leg. On 15 minute time frame, it formed a lower high lower low formation and there are chance of market giving some retracement. Watch for option premiums as tomorrow is banknifty's weekly expiry and there are less chance of a trending move in market as it has already move alot. Support :- 45430, 45320, 45230 Resistance :- 45690, 45855 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
FASP levels for Bank Nifty 12/09/2023The FASP for BankNifty is listed for 12-09-2023. 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 12 Sep 2023BANKNIFTY Intraday Trade Setup For 12 Sep 2023 Bullish-Above 45640 Invalid-Below 45530 T- 45900 46150 Bearish- Below 45360 Invalid-Above 45470 T- 45050 44770 BANKNIFTY has closed on a bullish note with almost 1% gain today. Buy triggered as per trade setup above 45390 and 1st target was achieved (45390-45560). However the momentum was a bit lethargic. Daily range broke upside last week above 45k is also approaching towards its ATH most probably. Only thing is that it is lacking momentum however that's a trait of bull. Tomorrow also we can expect bullish momentum above today's high, idle trade will be post a pullback. Buying from support should also be approached in intraday. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45640 then we will long for the target of 45900 and 46150. For selling we need a 15 Min candle close below 45360. T- 45050 and 44770. 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