Bank nifty Intraday levels for 22.11.2022Resistance level: 42537.20
Support level : 42215.55
****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
Bankniftyintradaysetpup
Bank nifty Intraday levels for 21.11.2022Resistance level: 42594.05
Support level : 42262.55
****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
BankniftyThe global market indicates a slightly negative start. the market nature is neutral to slightly bearish. The market may take a minor correction in the opening market, if the market takes pullback around 38% fib level then we will expect the rally continuation. on the other hand, if the market breaks the previous day minor high then we will expect a correctional wave, it will reach a minimum of 61 to 78%. There, 78% will act as a strong support zone.
bank nifty intraday levels for 16.11.2022Resistance level: 42467.70
Support level : 42127.55
****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
Bank nifty Intraday levels for 15.11.2022Resistance level: 42314.10
Support level : 42010.55
****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
Bank nifty Intraday levels for 14.11.2022Resistance level: 42376.35
Support level : 41951.75
****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 idea 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
bank nifty intraday levels 11.11.2022Resistance level: 41729.25
Support level : 41489.85
****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 idea 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
Pin Point Predictions Of Bank Nifty For 11-11-22Hello Traders,
These predictions of Bnf would help you in understanding price action on chart . If you want to get more details of Entry & Exit with tomorrow's predictions, available below. My motive is to make your trading easy from complex confusion of market.
Yogesh vats
Bank nifty Intraday levels for 10.11.2022Resistance level: 41951.20
Support level : 41699.35
****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 idea 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
Bank nifty Intraday levels for 09.11.2022Resistance level: 41762.90
Support level : 41473.45
****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 idea 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
PostMortem on BankNifty Today & Analysis of 07 NOV 2022Quite an eventful day today, Banknifty opened mega gap up at 41740 crossing 2 resistance levels in a single go (41314 & 41459). The first candle was red but with a long wick on the bottom - indicating that the opening trade was favoring the buyers.
The major reason for the gap up was SBI which published good results this quarter.
There was a decent fall till 11.25 where the BN tried to cross the 41459 support level - but it couldnt until 13.20. The candle at 13.20 was pretty long and red maybe just indicating that there could be a bit of selling pressure in the days ahead - unless the SBI results are macro shift capable.
BN took support at 13.30 and then had a decent & strong buying momentum till close. It went from 41338 to 41758 between 13.30 to 15.20. The green candle at 15.00 negated the red one formed at 13.20
So now we have the BN near the all time highs and no more resistance levels - this make it quite difficult to set a risk:reward ratio for the trades.
---
Of the major bank nifty components
SBI ended the day with a gain of 3.4% making a 52wk high of 622.7
HDFCBk traded the 1st hour with a negative bias, and then made a strong rally from 10.15
ICICI started positive and then faded into red by 13.25 and then had a super rally to close the day
Axis bank also started gap up went to negative territory by 10.25 made an intraday low at 11.25, a retracement bounce till 12.20 and then slipped back to negative. The final hour showed strength and the closing was in green.
Kotak and IndusInd had a similar kind of chart pattern, gap up opening and then trading below the negative territory throughout the day.
---
Look at the open and close prices - they are almost the same. Guess what would have worked today? Yes short iron fly.
Also shorting CE options or doing a CE credit spread would have worked out well as the time decay was higher due to holiday on 8th Nov. But shorting the calls would require quite some nerves as the bank nifty is as all time highs and there is no resistance.
Mostly markets will follow the path of least friction, here it says UP. Because we do not have any more levels to watch. A single breakout rally can shoot the option premiums exponentially high. So request all traders to either set the stop losses or get into fixed loss strategies like ratio spreads, iron condor, iron fly or credit spreads (emphasis on credit as the time decay will help)
---
SPX and bank nifty gap keeps diverging. There is a possibility of convergence if SPX rallies this week. As the mid terms elections and the US CPI data is due this week - we can expect an eventful price action till 11th Nov.
The nearest support level is at 3737 and the resistance level is at 3813. From the 1hr red candle made on 14.30 there may be stiff resistance going into 3800+ levels. But if SPX manages to cross above that then the next 100pts can be scaled up so easily.
---
15mts is showing sideways market only, even though we had a gap up and resistance breach
1hr shows bullish momentum unless otherwise it settles for a top formation. So we watch the next 3 days closely and then decide
---
Bank nifty support & resistance levels
s1: 41459, s2: 41314
r1: no resistance as near ATH
---
PS: Read the standard disclaimer at: bit. ly/3Nm3RER
Banknifty intraday levels for 07.11.2022Resistance level: 41464.30
Support level : 41099.75
****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 idea 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
PostMortem on Bank Nifty Today & Analysis of 04 NOV 2022Banknifty opened right at the support/resistance level of 41314 touched the next resistance level of 41455 in the first candle. The 3rd candle showed a bullish tone when i thought BN took support at 41314 and rallied again to 41455, but over the next 2 candles BN gave away that hope.
By 09.40, bank nifty had dropped below the SR level and traded the entire day below that. From 09.30 to 10.40 it made a good lower swing - but the momentum was not adequate for further follow up selling.
We need to give some credit to the Indian indices now - the resilience is the best in the world. No other major markets are staying up at all time highs as the Indian market is. And no amount of negative cues or macros are triggering the selling button.
The move from 14.10 to close was again a small rally that helped BN close back at the SR level. Final close at 41297.
Due to the normal range bound trading and the open/close being almost same - the option prices did not swing that much. In fact the PE option prices are relatively cheap - it could also be attributed to the India VIX staying low (fell another 1.8% today to 15.6550%). Compare that with US VIX which is 25.38.
---
Of the major bank nifty components -
HDFC Bank and ICICI showed bearish momentum, although ICICI did some good recovery in last 30mts.
SBI made bullish tone after breaking out at 13.45 (may be due to earnings expectation)
AXIS & Kotak started the day with bearish tone, but axis closed in green and Kotak flat
IndusInd bank closed in green but by creating a flattish chart pattern.
But the opening 20mts candle formation on HDFCBk, SBI, Axis and Kotak are quite surprising - again it must be trade settlements by FIIs in the pre-open session
---
Most of the option strategies would not have worked today, primarily because the implied volatility was low and the decay in time was not really worth it.
Straddle would have given good results, since open & close are at same levels - but the stop losses would have hit at both ends. A simple short iron fly would have worked out better - since the stop loss is not required for.
I tried out the put ratio spread when BN broke the support at 09.23 ie sell 1 lost of 41300 PE at 407.75 and but 2 lots of 40700 PE for 152.47. Although the premium decayed the trade did not plan out well. I had to square it off at 317.55 and 111.05 a loss of 33.95 pts. I will have to check if some other ratio or strike price would have resulted in a profit - will get that done offline.
---
SPX & Bank nifty gap is widening - a total decoupled Indian stock market as of now
SPX upcoming support is at 3641, resistance at 3737. The big red candle formed at 14.30 02 Nov would have a story to tell after taking out the gains made from 24th Oct.
---
15mts showing perfect sideways market
1hr also shows perfect sideways move - the 1st candle of 03 Nov might have a story to tell on the upside.
1D pattern shows upside move if the BN is able to break from the consolidation at present.
---
Bank nifty support & resistance levels
s1: 40867, s2: 40691
r1: 41312, r2: 41455
---
PS: Read the standard disclaimer at: bit. ly/3Nm3RER
Bank nifty Intraday levels for 02.11.2022Resistance level: 41468.35
Support level : 41218
****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 idea 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
Pin Point Predictions Of Bank Nifty For 2-11-22Hello Traders,
This is the predictions of Marking Given yesterday For Today's trade . For more details on today's price action and for tomorrow's check below. This is small bit from my side to make your trading easy and simple with prior information.
Yogesh Vats
Bank nifty Intraday levels for 01.11.2022Resistance level: 41344.40
Support level : 41130.70
****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 idea 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
Banknifty intraday levels for 31.10.2022Resistance level: 41056.50
Support level : 40800.60
****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 idea 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
Bank nifty Intraday levels for 27.10.2022Resistance level: 41537.55
Support level : 41141.20
****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
Note: Pls check my previous day idea 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
Bank nifty Intraday levels for 21.10.2022Resistance level: 40072.65
Support level : 39867.30
****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.
Note: Pls check my previous day idea 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
BankNifty-21/10/2022-LevelsHello Traders, Welcome to SriTrader5121
____________________________________
BankNifty-21/10/2022-Levels
IMPORTENT ZONE FOR THE DAY : 39987 - 40071
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 PDH and SELL with the Rejection of PDH.
(or)
If market open as a FLAT and moves to DOWN-Side then BUY with the Support of S1 and SELL with the Rejection of S1.
Possibility 2: GAP-UP
If market open as a GAP-UP and moves to UP-Side then BUY with the Support of PDH and SELL with the Rejection of RC_L.
(or)
If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of PDH and SELL with the Rejection of PDH.
Possibility 3: GAP-DOWN
If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of S1 and SELL with the Rejection of S1.
(or)
If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
_______________________
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.
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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 )
Bank nifty Intraday levels for 20.10.2022Resistance level: 40620.60
Support level : 40257.35
****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.
Note: Pls check my previous day idea 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
Bank Nifty Trade Setup for 19th October 2022Bank Nifty is looking bullish in the short term with potential to move higher if the 40500 level is broken
Outlook
- Charts : Bullish
- OI Data : Bullish - 40500 is a strong area of resistance
- FII Activity : Super Bullish
Verdict :- Bullish outlook, expect an up move at the opening and if the price is able to sustain above 40500 then we may see 41000 as well. SGX Nifty indicates a flat opening despite the global markets being strongly in green. We may see a larger movement in our index then SGX after opening.