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Bankniftyintradaylevels

Banknifty weekly analysis for 04/09/23.Banknifty has been facing rejection from 38.2% fibonacci levels and this week also it has retraced after touching the level. Though, the market has travelled around 44800 levels but couldn't sustain the levels and has closed below 44500 level. There is another doji on the weekly charts and the market is still not showing some conviction of the trend. There was a constant struggle in crossing 20 ema on the daily charts and still the market has closed near the level. There is a bullish engulfing candle and many time banknifty has reversed after testing 44000 levels. On the hourly chart, there is a struggle in crossing 200 ema and has closed between both the moving averages. There are chance of a bullish move this week as there is a G-20 meeting. The market will take a little pull back as the it has travelled a lot in one direction. On 15 minute time frame, market has closed above both the moving averages and has retested the support level of 44350 after a rejection from 44570 levels. There are chance of moving going bullish even after a gap up opening as the retracement is done. Support :- 44350, 44080 Resistance :- 44570-90, 44910 Watch for a trending move in the market as a good consolidation is done and a nice break out can be seen. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 04 Sep 2023BANKNIFTY Intraday Trade Setup For 04 Sep 2023 Bullish-Above 44570 Invalid-Below 44460 T- 44917 45250 Bearish-Below 44220 Invalid-Above 44330 T- 43895 43600 BANKNIFTY has with 0.46% gain last week. It closed almost on neutral note as it is at midpoint from the breakout levels. 44950/45k and 43600 is the weekly range. Breakout of this will lead to a big or at least decent directional move. Aug month candle closed and its on bear grip. Only below 43600 this grip will be confirmed or else it will be sideways. Weekly range is very important to look for a direction. 44917 and 43895 are important resistance and support zones for Monday. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44570 then we will long for the target of 44917 and 45250. For selling we need a 15 min candle close below 44220. T- 43895 and 43600. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
4
Banknifty Intraday levels 01/Sep/23Good Morning Traders. In yesterday sessions Banks played a key role in driving the market on the downside for yet another session. Bank NIfty fell below 44000, down 243 points at 43989 and formed a bearish candlestick pattern on the daily timeframe. Broader Market is doing good just Indian Market doing blood bath. Well we have seen a strong Volume addition in last one hour of trading. Let's see if today we can see some recovery in indian market. Important levels for Banknifty:- Support zone 43800-43900 Resistance zone 44100-44200 Buy above 44172, if levels sustains at least for 30 mints. Targets we can see for upside 44365/44497 Keep stop loss at 44044 Sale below 43893, if levels sustains at least for 30 Mints. Targets we can see in downside 43760/43640 Keep stop loss at 44044 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
#banknifty"Good morning! As of September 1st, the global market sentiment is slightly negative (based on the Dow Jones alone). The market trend is bearish, and the market might open with a neutral to slightly lower gap. In my personal opinion, the market might enter into a range from yesterday's low to the Fib level of 38%. Therefore, we can anticipate a directional move after the range breaks. However, if it breaches yesterday's low, it will likely reach the next support level immediately."
NSE:BANKNIFTY
by Manickamtraders
FASP levels for Bank Nifty 01/09/2023The FASP for BankNifty is listed for 01-09-2023. 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 daily analysis for 01/09/23.Banknifty retested the 20 ema and again came for selling. During the opening hour market was volatile and formed a doji. After the retest market came for selling and touched 44000 levels and recovered. The market has closed 240 points lower. On the hourly charts, it traded below the moving averages and closed below it. It has taken a good support around 44000 levels and is still around it. On 15 minute time frame, the market took rejection from 200 ema and after took resistance from 20 ema. The market has closed below both the moving averages. The market for 2 consecutive day has given a fall and being a monthly expiry market didn't give much move in the second half of the session. Support :- 43950, 43750 Resistance :- 44100, 44350 The market has show some sell off in last 2 session and it may take a halt, if there is a gap up opening. Otherwise, it can again come for selling. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 1 Sep 2023BANKNIFTY Intraday Trade Setup For 1 Sep 2023 Bullish-Above 44110 Invalid-Below 44000 T- 44357 44583 Bearish-Below 43890 Invalid-Above 44000 T- 43600 43239 BANKNIFTY has closed on a bearish note with 0.55% cut today. Yesterday I indicated a pullback scenario to short again from higher levels. This was simple market structure thing as yesterday's impulse needed a pullback. Today without a pullback it dipped and sell triggered which hit sl later sell triggered below 44140 again and hit our 1st target (43900) very smoothly. Tomorrow 44110 and 43890 are important levels for intraday. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 44110 then we will long for the target of 44357 and 44583. For selling we need a 15 Min candle close below 43890. T- 43600 and 43239. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 31 Aug 2023BANKNIFTY Intraday Trade Setup For 31 Aug 2023 Sell_1_From 44550 Invalid-Above 44660 T- 44350 44150 Sell_2- Below 44140 Invalid-Above 44250 T- 43875 43600 BANKNIFTY has closed on a bearish note today with 0.59% cut. It opened with a very big gap up today so 10 o'clock range was to be used as per trade setup. 10 o'clock range broke downside below 43635 and last swing high/sl was 44695 in 5 Min TF. With just 60 points sl it gave a mega gain of 450+ points, also no previous swing high was tested so TSL was intact. Tomorrow in case of a gap near 44550 would be an opportunity to sell again with 110 points risk. Below 44140 bearish sentiment likely to follow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes below 44140 then we will short for the target of 43875 and 43600. In case of a gap up if 44550 is tested in the first hour then we will short from there. T- 43350 and 43875. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP levels for Bank Nifty 31/08/2023The FASP for BankNifty is listed for 31-08-2023. 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
30 Aug ’23 Post Mortem on BankNifty - Jio Fin starts Insurance?BankNifty Analysis The intensity of the fall was much more profound on BankNifty rather than Nifty. Right from the gap-up open the CE options premiums were commanding more premium than usual indicating a strong directional move. As soon as banknifty started falling this elevated premiums went away further indicating that the trader’s expectations were not matching. I would like to see the move as more of a long unwinding rather than fresh shorting due to this observation. We had a total intraday fall of 1.39% ~ 623pts. When the banks started falling, I thought it might be some news related to Jio Financials. With the funding and tie-ups they could even start a lending business along with the insurance. Since they have the Blackrock tie-up, starting a broking service is also quite feasible. On the 1hr TF, banknifty has just made a M pattern (double top) with a common support point. This makes the directional move probability for tomorrow quite lit up. I wish to stay neutral as long as the 44068 support is held, below which I would like to go short. To go long 44800 has to be broken again.
NSE:BANKNIFTY
by viswaram
Banknifty monthly expiry analysis for 31/08/23.Banknifty is way more bearish than nifty. It has again not sustained the gap up and came for selling from the first hour of the session. The market is unable to close above the 20 ema and has agian closed below the levels after a gap up. It lost around 600 points from day high, the second half of the market gave a 400 points downside move, closing 260 points lower. On the hourly charts, market has closed below both the moving averages and took support around 44200 level. Today's daily candle has formed a engulfing candle and the RSI indicator is also showing some bearish divergence. Banknifty is trading in a wide range and is coming for selling as the buyer are getting exhausting on those levels. The seller seems to be promising and can take market down. Watch for the swing of 43400 to break for a short bearish trend. Tomorrow is a monthly expiry and banknifty can give a nice trending market has it has been consolidating. Tomorrow can be a day of option buyer. Bearish trades should be carried on with partial booking and trailing stop loss. Support :- 44170, 44000 Resistance :- 44350, 44500 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
#Banknifty"Good morning! As of August 2nd, the global market sentiment is positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a gap-up. Therefore, there is no significant difference from the last session. If the market sharply rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks below the 38% Fib level, then the correction will probably persist."#nifty #banknifty #finnifty
NSE:BANKNIFTY
by Manickamtraders