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Bankniftyintradaysetpup

FASP levels for Bank Nifty 17/01/2023 The FASP for BankNifty is listed for 17-1-2023 . 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
FASP levels for Bank Nifty 12/01/2023The FASP for BankNifty is listed for 12-1-2023 . 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:BANKNIFTYLong
by SathishChandrasekaran
FASP levels for Bank Nifty 11/01/2023The FASP for BankNifty is listed for 11-1-2023 . 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
FASP levels for BankNifty 09/01/2023The FASP for BankNifty is listed for 09-1-2023. 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:BANKNIFTYLong
by SathishChandrasekaran
PostMortem on BankNifty Today & Analysis of 05 JAN 2023 expiryTake a look at the chart below, 5mts TF its a perfect continuation from yesterday - we broke the 1st support at 09.40 and 2nd support at 13.15 in the single leg. And then we had a retracement back to the SR level (yellow dotted lines) and final close there. So what do we infer from the charts today Expiry level positioning worked out very well today, all the option writers of the strikes mentioned in yesterday's article kept the full premium. The negative sentiment in US markets are now reflecting here as well. I am not saying because we dropped 0.81% today. Its because the depth of the red candles has stories to tell. So now we have turned negative for the year - in what what everyone would have thought to be a blockbuster start. --- Of the bank nifty components: NSE:HDFCBANK had a strong red opening candle and then one more at 13.15. Infact the chart pattern is quite similar to bank nifty NSE:ICICIBANK had much more intent going down a drop of 2.22% today of which almost an unchecked fall till 14.05 NSE:SBIN chart pattern may seem bearish thats because it had a gap up opening. But the final close was flattish. NSE:AXISBANK also had a deep fall until 13.25 after which it recovered some ground, but final close at -0.83% NSE:KOTAKBANK had a similar flattish close like SBI but the chart pattern made today shows bearishness again thats because of gap up open. NSE:INDUSINDBK had interesting opening 30mts. A gap up open and fall to flat line, then a rally back to the open level and then a fall below the flat line in 3rd candle. --- 15mts TF has now negated the bullish case by breaking 3 support levels in 2 days. 1hr TF looking good to form a lower low soon, the reversal on 3rd Jan could become the lower high. Although the charts says so, bank nifty may not even fall and could consolidate for few days before deciding the direction. It will all depend on the US FED's decision to pause/resume the rate hikes. If US markets continue to dip, then this time we may not escape as its an exciting time for US FIIs to pull money out from India and take it back. Their debt instruments are paying more interest comparing Indian version when adjusted for currency devaluation !
NSE:BANKNIFTY
by viswaram
BankNifty-04/11/2022-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-04/11/2022-Levels IMPORTENT ZONE FOR THE DAY : 41260 - 41350 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP-SIDE then BUY with the Support of H_R and SELL with the Rejection of R. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility : GAP-UP If market open as a GAP-UP and moves to UP-Side then BUY with the Support of H_R and SELL with the Rejection of H_R. (or) If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of H_R and SELL with the Rejection of IMP. Possibility 3: GAP-DOWN If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of H_S and SELL with the Rejection of IMP. _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- 0.5-> 0.5% Swing PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PDO-> Previous Day Open PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:BANKNIFTY
by SriTrader5121
PostMortem on BankNifty Today & Analysis of 28 DEC 2022When i said i was bearish yesterday, a drop of 32pts was not what i was referring to. Bank nifty held its head high almost the entire day, only the 15.10 candle shows some signs of weakness & a minor break of support. I was literally unable to take any trades today such was the move of bank nifty today. Well it did not move - killing out the premiums of options both CE and PE. Usually i dont miss any day or sizeable opportunity - but today it was quite a different day ! As you all know i am an option seller only when there is anomaly, i can say with 100% guarantee that today there was nothing. Either the total volumes were very low & speculations were near zero. Or the traders were not taking fresh positions for the expiry tomorrow. Finally the only trade i took today was a ratio spread by selling 1 lot of 42500 PE and buying 2 lots of 42400 PE - yes a bearish bet for tomorrow. The options premium are not indicating any direction and this position i took was basically a hunch not backed by any indicator or confirmed signals. Yesterday the US markets SPX closed with losses of 0.4%, Nasdaq with a loss of 1.48%. Prior to all these happening i had written in the article yesterday that if US trades lower there is every possibility that we end the day red on 28th. We did end the day in RED - but i am not at all happy, as i was expecting cuts of more than 1% on Nifty50, 2% on bank nifty and a bigger fall on NiftyIT. --- Of the bank nifty components: HDFC bk and ICICI bank had a similar chart pattern and both ending in red. SBI's chart pattern was looking bullish but the last 30mts brought it below the flat line. AXIS bank has something fishy, the cuts in the last 45mts were brutal with heavy volumes. Kotak had one special candle at 13.45 with high volumes but probably this was sold into in the last 45mts IndusInd held its ground and ended the day in green. --- 15mts vs 1hr could be a lower high formation if i got it right. Monthly expiry coming up tomorrow and much fierce US market trading days ahead. Low volumes may spike the spreads wider creating sharper moves but with little meaning.
NSE:BANKNIFTYShort
by viswaram
FASP Levels for BankNifty 20/12/22The FASP for Bank Nifty is listed for 20-12-2022. 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: Only valid for the intraday mentioned above. 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, Purple is either strong support or resistance and blue is regular resistance. 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
4
Bank nifty Intraday levels for 19.12.2022Resistance level:43467.85 Support level : 42961.45 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance *** For quick scalping use 5-minute time frame***** Note: Pls check my previous day ideas for back testing & better understanding Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:BANKNIFTY
by AATHIE
Banknifty Possible Trade in Option Day Trading NiftyBank OneHour Chart Analysis with Confirm Target  Support Zones For BankNifty  Intraday Trading First Support Zone For BankNifty –             43118 -43100 Second Support Zone For BankNifty –         42912 -42927 Third Support Zone For Banknifty   -         42770 -42785 Resistance  Zones For BankNifty Intraday Trading First Resistance  Zone For BankNifty –            43278 - 43255  Second Resistance  Zone For BankNifty  -    43410 - 43390  Third  Resistance  Zone For BankNifty  -       43512 - 43496 Importent Signal from BankNifty Option Chain PCR ratio as per Option Chain Analysis – 0.67 ( Bearish ) Max Pain As per Option Chain Analysis – 18700 Major Support as Per Nifty Open Interest Analysis – 18500 / 18600 Major Resistance as Per Nifty Open Interest Analysis – 18800
NSE:BANKNIFTYShort
by manojshinde27
bank nifty intraday levels 01.12.2022Resistance level: 43626.80 Support level : 42947.80 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance *** For quick scalping use 5-minute time frame***** Note: Pls check my previous day ideas for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:BANKNIFTY
by AATHIE
2
PostMortem on BankNifty Today & Analysis of 29 NOV 2022 Looking at the price action i had given a sell short call yesterday - read here I had to literally change the view looking at just the first candle. A mega green 5mts candle that took bank nifty 172+ points & above the swing high of yesterday. The rally did not stop until 11.05 creating a steady buying momentum. From 11.05 to close of day it was a slow fall back to where it all started. Final close just 0.08% above yesterday's close. In the gradual decline there are 2 candles that stands out, one at 14.20 and 14.35 which led bank nifty to fall below the swing high of yesterday. Now we have 2 contradicting signals - a breakout bullish signal in the forenoon session and a gradual bearish signal in the afternoon session. Which do we consider - not quite sure. Remember yesterday we had discussed the massive amounts of call writing especially for 43000, 44000, 45000 & 48000 CE. The pattern is quite similar today also. Approx 25 to 30% of options trading volume came after 15.00 today. Such intensity of call writings happens only when the call writers are confident that the markets will not move higher. I am a strong believer of this leading indicator and continue to be cautiously bearish till we see the call writing vs put writing ratio normalizes. --- Of the bank nifty components HDFC bank started the day strongly, made a peak and then started falling in the afternoon session. Final close was flattish but the pattern showed bearishness ICICI Bank showed intense strength, kept climbing and then showed no signs of reversing even when other banks started falling afternoon. Today's chart pattern looks flattish SBI had a gradual rise and then a regular fall in afternoon - final close flattish AXIS started the day strong, but the fall after 10.25 showed negativity. Although it went underwater only after 15.15 - the chart pattern shows negativity Kotak bank also closed flat but the chart pattern was quite confusing. A gradual fall to start the day, the a quick rise to swing high and then a quick fall to go back to flat line. IndusInd bank showed gradual bearishness. --- 15mts TF shows a top formation in place. If we have a down day tomorrow we can confirm it. 1hr TF shows either an interim double top or a consolidation move - will need to wait for more clarity. ---
NSE:BANKNIFTYShort
by viswaram
Bank nifty Intraday levels for 30.11.2022Resistance level: 43213.10 Support level : 42911.90 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance *** For quick scalping use 5-minute time frame***** Note: Pls check my previous day ideas for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:BANKNIFTY
by AATHIE
PostMortem on BankNifty Today & Analysis of 25 NOV 2022We opened today without a handover from US as it was Thanks giving holiday for them on 24th Nov. Bank nifty opened at 43192 just in line with the last hour trend that started yesterday. And went to a new all time high of 43339 at 09.30. This 5mts candle had a long top wick just hinting of a possible short term top formation. What followed was exactly that - we had a first leg of drop from 09.30 to 11.55 and a 2nd leg of drop from 13.55 to 14.15. But the final closing was a decent one. So from a day's perspective we only had a drop of 0.21% but the intraday chart pattern showed a bit negativity. The moves on monday and tuesday will be crucial as December is usually the month wherein the FIIs book profits for the year. Volumes may drop on Dec that will increase the fluctuation in prices. --- Of the bank nifty components HDFC had a classic bearish pattern today - a sudden morning dip and then a narrow fall ICICI tried to hold on to the flat line till 10.30 but it broke down and then flattened by close SBI was in positive territory till 11.10 after that it too fell underwater, final closing did not see recovery AXIS stayed positive today and was the leading contributor to the index - never fell below the flat line today Kotak had the most bearish pattern for the day, 2 legs of drop today. IndusInd also stayed positive today and ended with gains of 0.98% --- 15mts vs 1hr - the intraday bearishness was not visible on the 15mts or 1hr chart as such. 15mts may create a top formation pattern if we have a fall on monday. 1hr is continuing to show bullish pattern. 1D TF shows bullishness, but today's red candle may indicate a warning for the days to come. 1W timeframe does not really show today's price action that much - as it stands the candle is strong green and we have 3 consistent green weekly candles. The low of this week's candle is the first support level for bank nifty. Also note that we are nearing the top of the decade channel. --- US markets were underperforming Indian markets for this year - there are 2 possibilities that could happen and both of them may not be good for Indian indices FIIs could start selling now, take back money to their mother market as they are starting to move higher Further worsening of global macros or war could force FIIs to sell off and move to cash FII selling will definitely weaken the rupee, further devaluing their returns. Indian indices will not fall if the domestic mutual funds and retail investors keep accumulating shares. But i am starting to think - arent the valuations of these companies simply unexplainably high??? ---
NSE:BANKNIFTYShort
by viswaram
Bank nifty intraday levels 25.11.2022Resistance level: 43420.30 Support level : 42847.10 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance *** For quick scalping use 5-minute time frame***** Note: Pls check my previous day ideas for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:BANKNIFTY
by AATHIE
PostMortem on BankNifty Today & Analysis of 24 NOV 2022 - ExpiryBank nifty broke out and made an all time high of 43163 today. The opening was at 42838 negating yesterday's fake price move from 15.00 to close. Notice how yesterday's rally continued with the yellow encircled region. Today's open and forenoon trade was in perfect alignment with the rally that started yesterday.  Since its a breakout rally - the momentum was gaining strength and the final 45mts of today's trade is proof of that. Before that BN was in a range a narrow one and the monthly expiry was nothing unusual. But the last 45mts gave some wings to the premium eventhough it was the closing minutes. 43000 CE went from 9.35 to 89.75 between 14.47 and close today, closed in the money with a final value of 76. The reverse is also true, 43000 PE went from 111.9 to 0.05 between 14.47 to close. When the VIX is near the lows ~ 13.47, implied volatility is low - the best option is to go with option buying (obviously we need a trend to make a killing). Personally i wish to stay away from directional trades right now, prefer to execute arbitrage trades. The Euphoria in the market is now at all time highs - just as the markets are. So there could be fake moves or wild swings with no accompanying fundamental reasons. All time highs are not good levels to enter with a purchase intent, because if the market reverses direction - you may end up holding something for years to come. --- Of the Bank nifty components, a common pattern is the last 45mts rally among HDFCBank, SBI, Axis and Kotak. HDFC Bk had a nice start and then it built on the gains, strong buying momentum towards the end ICICI had a relatively smoother slope, no pullback or consolidation intraday - just buying SBI started strong, went underwater and then the last 45mts ensured it ended the day with gains. AXIS had a similar chart like SBI, but the last 45mts gave it extra wings - the slope was approx. 80 to 85 degree Kotak was gradually fading underwater - but the last 45mts ensured it closes in the flattish territory. Indus Ind had a falling graph after a positive open. Took support at the Prev. close and final close was in positive territory. The final 45mts rally did have no effect on IndusInd. --- SPX vs Bank nifty - the spread is now at +6.32% vs 26.99%. US market will be closed today so we will not have any special macro related moves today. --- 15mts vs 1hr - Notice the clear breakout in the 15mts TF. Whereas its depicted as strong momentum in 1hr TF.
NSE:BANKNIFTY
by viswaram
1