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Bankniftyintradaylevels

BANKNIFTY Intraday Trade Setup For 08 Sep 2023BANKNIFTY Intraday Trade Setup For 08 Sep 2023 Bullish-Above 44920 Invalid-Below 44810 T- 45130 45365 Bearish-Below 44670 Invalid-Above 44780 T- 44440 44200 BANKNIFTY has closed on a bullish note with 1.06% gain today. Tomorrow's daily closing is very important above 44950/44000 for a range shift for 1000 points rally in the coming days. Today buy triggered as per trade setup above 44670 and hit 1st target very smoothly (44670-44915). Bullish move likely to continue above today's high on flat opening. Intraday sentiment will change to bearish below 44670. Be very strict in trailing tomorrow for both side trades. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44920 then we will long for the target of 45130 and 45365. For selling we need a 15 Min candle close below 44670. T- 44440 and 44200. 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
07 Sep ’23 Post Mortem on BankNifty, change in stance to bullishBankNifty Analysis The real reason Nifty50 outperformed in the last 90 minutes was BankNifty. Even NiftyIT contributed, but since the weightage of banking stocks are higher - that made a real difference. BN rallied an impressive 512pts ~ 1.16% from the lows to the highs today. You might remember the 1hr chart we discussed yesterday, as long as banknifty was staying beneath it - the sentiment would have been bearish. And the moment it broke-out from that trap - it got additional wings. The reason 14.15 candle went up 221pts could be because of that. It is like the whistle from the pressure cooker - when the steam builds up ample pressure, it lifts the whistle and oozes out. The next resistance points are at 45353, 45727 & 46069. We will get to know tomorrow if the build of steam is good enough to cruise through. I wish to change my stance from neutral to bullish for tomorrow.
NSE:BANKNIFTYLong
by viswaram
FASP levels for Bank Nifty 07/09/2023The FASP for BankNifty is listed for 07-09-2023. 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--Gap Down or Gap Up??Price is rejected from the trendline again and closed exactly at the trendline... Price is given us discount @44250 level. if tomorrow breaks this trendline, it will not test this trendline immediately... It will reach any one of the resistance and then come back... If opens downside...we will wait for an up move or downside continuation... If a gapdown occurs sellers may exit or continue to take it down...we have to wait and see what happens. If they want to break it...price will open above and continue to move upwards..and then back to the trendline from the above resistances. will see it in the next session.
NSE:BANKNIFTY
by IIT-Trader
1
06 Sep ’23 Post Mortem on BankNifty & Weekly Expiry AnalysisBankNifty Weekly Expiry Analysis Between the last expiry and today, banknifty got only 4 trading sessions. The last expiry was on Thursday and from this series we have weekly expiries on Wednesdays now. We have gone up by 405pts ~ 0.92pts although the chart doesnt give you that impression BankNifty Today Analysis Banknifty had some strange price behaviour today. Firstly it was its first independent expiry after having moved out from Thursdays to Wednesdays. Strange because except HDFCBK every other bank was in the red. Price wise we fell 0.83% ~ 368pts with the low point being 44207. HDFCBK with its 41% weightage on banknifty can single handedly dictate the terms. Firstly I am not very sure all the banks were falling today & HDFCBK outperforming by a huge margin. This screenshot was taken at 11.54 and see the anomaly. On the 1hr TF banknifty is still respecting the triple top formation made on the descending trend line. I had a neutral call yesterday and would like to maintain the neutral stance till this status quo is maintained. If BN falls below 44068, I would prefer to go bearish. And if it goes past 44900 we can expect more bullishness.
NSE:BANKNIFTY
by viswaram
Banknifty daily analysis for 07/09/23.Banknifty has given a gravestone doji again and closed 123 poinnts lower. It has been trading around the 20 ema. The market has retested the 50% fibnocci level and retraced back in the last hour of the trading session. On the hourly charts, traded around the moving averages and gave a break down. During the last hour market recover and took resistance from the 200 ema, closing between both the moving averages. It created a base around 44250 levels and formed a morning star pattern. There is a U-shape recovery, on 15 minutes chart, which shows some bullishness in the market. There are chance of a bullish moving averages cross over on the smaller time frame as botht the moving averages are close by. Now market has closed around 44400 levels which give space for banknifty to move and either give a break out or break down. Support :- 44350, 44250, 44100 Resistance :- 44550, 44660, 44750 Banknifty on the weekly expiry showed some movement and during the last hour there was a volatile market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
2
BANKNIFTY Intraday Trade Setup For 07 Sep 2023BANKNIFTY Intraday Trade Setup For 07 Sep 2023 Bullish-Above 44670 Invalid-Below 44560 T- 44950 44275 Bearish-Below 44200 Invalid-Above 44310 T- 43965 43725 BANKNIFTY has closed with a slight cut of 0.28% today. It opened flat and sell triggered as per trade setup below 44400 and gave a decent move of 180 points till 44210. Once again a pinbar candle in daily TF but of no use inside the daily range. Daily range is still intact- 44k and 45k. Tomorrow above today's high if sustained in 15 Min TF then there can be a bullish momentum. However we will buy above 44670. It will bearish below 44200. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44670 then we will long for the target of 44950 and above 44k 44275-95. For selling we need a 15 Min candle close below 44200. T- 43965 and 43725. 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 TradeSetup for 06-09-2023Banknifty important levels to watch are as follows #Support: 44445 Sell below: 44445 only on 15 minute candle closure below the level. Target 1: 44320 Target 2: 44200 #Resistance: 44575 Buy Above: 44575 only on 15 minute candle closure Above the level. Target 1: 44650 Target 2: 44780 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:BANKNIFTY
by InvestyourAsset
05 Sep ’23 Post Mortem on BankNifty - Neutral till 44900 brokenBankNifty Analysis Although having all the conditions in its favor, BankNifty did not rally today. The 5mts candle at 10.15 which took out 115pts was trying to tell a story. In fact we dropped a total of 267pts from the high to the low of the day. From the lows BN managed to climb back 140+ points but I am still unable to decode the directional intent. That is mainly because on the 1hr TF, Banknifty has almost made a triple top kind of pattern on a descending line. I wish to maintain my neutral stance for tomorrow and wish to go bullish if 44900 is getting taken out tomorrow. If we drop to 44068 levels, I would prefer to wear the bearish shorts again.
NSE:BANKNIFTY
by viswaram
FASP levels for Bank Nifty 06/09/2023The FASP for BankNifty is listed for 06-09-2023. 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
1
Banknifty weeky expiry analysis for 06/09/23.Banknifty weekly expiry has changed from thursday to wednesday. Option trades watch the option premium as they will expiry tomorrow. On the daily charts, market has again tested the 20 ema and has formed an inside candle. Market again after a gap up opening came for selling and closed 65 points lower. On the hourly charts, it tested both the moving averages and recover touching the lower one. The market in the second half didn't gave any move and created volatility. Banknifty has consolidated in a range of 2 trading session and tomorrow being it expiry, it can give a nice move. Be watchful as Indian Vix is still on the lower side trading around 10. It traded around the 20 ema, on 15 minutes, and closed just above the level. Support :- 44250-44440, 44100 Resistance :- 44650, 44750, 44910 The big zone on 100 points on the lower side is crucial as it has been giving support to the market. Let the market break this zone, if you wanna go bearish. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 06 Sep 2023BANKNIFTY Intraday Trade Setup For 06 Sep 2023 Bullish-Above 44670 Invalid-Below 44560 T- 44950 44250-300 Bearish-Below 44400 Invalid-Above 44510 T- 44100 43800 BANKNIFTY has closed almost on a flat note day. Nothing triggered as per trade setup today. It just traded between yesterday's buy/resistance and sell sell/support levels. Two consecutive Pin bar candles in daily charts, Above and below its higher and lower range there will be a good directional move. Daily range is intact which is 44950/45k and 44k. Tomorrow above 44670 it can give a good momentum, 44950 will the 1st stop. Above 44k if sustained there can be a short covering. 44400 is the downside gateway. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44670 then we will long for the target of 44950 and 44275-300. For selling we need a 15 Min candle close below 44400. T- 44100 and 43800. 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 5th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-down. After that, if the market declines, it will reach a demand zone. Structurally, it's a major demand zone, so once the market reaches there, we can expect a pullback. Alternatively, if it breaks the demand zone, then the correction is likely to continue. On the other hand, if the initial market takes a sharp pullback, then we can expect a range-bound market. Only if it breaks the major supply zone will it turn into a bullish continuation."
NSE:BANKNIFTY
by Manickamtraders
FASP levels for Bank Nifty 05/09/2023The FASP for BankNifty is listed for 05-09-2023. 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
04 Sep ’23 Post Mortem on BankNifty - 60% neutral 40% bullishBanknifty on the other hand had a freakish open and first 5mts move. Few of the OTM strike premiums shot up above 100% above the previous close values showing either low liquidity or very high speculation. We even fell 0.77% ~ 345pts between the open and 10.35 and the price action was indicating further weakness. But just like Nifty got support, BankNifty also turned right at this level. We climbed back 277pts ~ 0.63% from there, but the bullish intent was not as strong as Nifty. The 2nd swing did not take out the day’s high set at open unlike Nifty. BankNifty may need some stronger thrust to go fully bullish, currently it is in the process of forming a triple bottom or break-out from a double top pattern. I would like to wait for some more signals before going fully bullish. At present I am 60% neutral and 40% bullish for tomorrow. Since we have FinNifty expiry tomorrow and BankNifty expiry on wednesday (Its first wednesday expiry after the NSE changes) - it may look interesting if we pick up some premiums by tomorrow. The best way for that is to have some violent moves.
NSE:BANKNIFTY
by viswaram
Banknifty daily analysis for 05/09/23.There was gap filling trade in the very first hour of the session and after that market slowly started to gain up side momentum. Banknifty tested the 20 ema on daily charts and has finally closed above the levels. On the hourly charts, it took support around 200 ema and couldn't clear the 19600 level and constantly took rejection from the level. Trending market are not be seen in last few days. Just watch the market and create small position as to preserve your capital On 15 minute time frame, market took support from 20 and 200 averages in a single candle and reversed forming a morning star pattern. Support :- 44330, 44100 Resistance :-44590, 44750, 44910 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY LEVEL'S 💲🤑 O Description. 05 sep Bank Nifty Actionable levels #Current Price- 44584 Good #Resistance- 44584 Strong #Support- 44337 #Target we can expect 44712 and 44913 if a break of 44578 above ⬆️ Resistance level 🎚️ #Target we can expect 44473 and 44337 if a break of 44578 below ⬇️ Support level 🎚️ #Execution trade should be above or below from resistance or support levels 15-minute candle. Alerts ‼️🚨 this is Only for Education Purpose. Please Give your precious comments 🤞🏻 Thank you 🙏 AkashXtrade
NSE:BANKNIFTY
by AkashXtrade
BANKNIFTY Intraday Trade Setup For 5 Sep 2023BANKNIFTY Intraday Trade Setup For 5 Sep 2023 Bullish-Above 44660 Invalid-Below 44550 T- 44950 45215 Bearish-Below 44400 Invalid-Above 44510 T- 44100 43800 BANKNIFTY has closed on a bullish note with 0.32% gain. Today it opened with a big gap up so 10 o'clock range was to be used. 10 o'clock range broke downside below 44399 and and last swing high was 44460. It gave 80 points which was more than 1:1. Later buy triggered as per trade setup above 44570 which ended at cost. On a flat opening above 44670 bullish momentum likely to continue. 44935-50 will be an intraday resistance above which it will test 45215. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44660 then we will long for the target of 44935-50 and 45215. For selling we need a 15 Min candle close below 44400. T- 44100 and 43800. 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
1