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Bankniftyintradaysetup

BankNifty Intraday Support & Resistance Levels for 16.09.2024On Friday, BankNifty opened with a gap up, reaching a high of 51,994.10 and remaining within a narrow range, closing at 51,920.90, gaining 165 points. The weekly close was above both the previous week's and the month's high. If last week's low of (50369.40) holds, we could see further upward movement and potential new highs in the coming weeks. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is currently sideways. Demand/Support Zones: Near Demand/Support Zone (15 min): 51,514.55 - 51,613.95 Far Demand/Support Zone (75 min): 51,025.00 - 51,222.65 Far Demand/Support Zone (75 min): 50,564.65 - 50,760.55 Supply/Resistance Zones: Near Supply/Resistance Zone (Daily): 52,145.60 - 52,586.75 Far Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70
NSE:BANKNIFTY
by PriteshPal
BankNifty Intraday Support & Resistance Levels for 13.09.2024On Thursday, BankNifty decisively crossed the 51316 level (61.8% FIBO mentioned in previous posts) with strong volume, reaching a high of 51878.10 before closing at 51772.40, gaining 762 points. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support zone (15m): 51514.55 - 51613.95 Near Demand/Support zone (75m): 51025 - 51221.95 Near Demand/Support zone (75m): 5064.55 - 50760.55 Far Demand/Support zone (Weekly): 49530 - 50253 Resistance Levels: Near Supply/Resistance Zone (Daily): 52145.60 - 52586.75 Far Supply/Resistance Zone (Daily): 53103.70 - 53357.70
NSE:BANKNIFTY
by PriteshPal
BankNifty Intraday Support & Resistance Levels for 12.09.2024On Wednesday, BankNifty reached a high of 51420.15, touching the 125m supply zone mentioned in the previous post, before dropping over 450 points to close at 51010. A breakout above 51316 (61.8% FIBO retracement level) with volume could open the door to higher levels at 51750 - 52340. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 50564 - 50715 Far Demand/Support Zone (Weekly): 49530 - 50253 Far Demand/Support Zone (125m): 49681 - 49798 Resistance Levels: Near Supply/Resistance Zone (30m): 51445 - 51497 Far Supply/Resistance Zone (30m): 51665 - 51732
NSE:BANKNIFTY
by PriteshPal
BankNifty Intraday Trade Setup | 4th MarSaturday was a special trading session and BankNifty opened with a gap-up around 47430 and that was the high of a small trading session. For tomorrow, BankNifty has to sustain above 47520 for further upside which can take BankNifty towards 47650 and upper marked levels. On the other side, if BankNifty breaks 47180 on downside, we expect to see 47050 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 47520 Sell Below - 47180 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BankNifty Intraday Trade Setup | 26th FebToday BankNifty opened with a gap-up above physiological level of 47000 but faced resistance at 47200 - 47250 zone and we saw selling towards 46850 zone and after that BankNifty was trading in a small zone for entire day. For tomorrow, BankNifty has to sustain above 47160 for further upside which can take BankNifty towards 47270 and upper marked levels. On the other side, if BankNifty breaks 46750 on downside, we expect to see 46630 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 47160 Sell Below - 46750 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BankNifty Intraday Trade Setup | 19th FebToday BankNifty opened with a gap-up around 46500 which was also a major resistance zone as we mentioned and we saw morning selling towards 46260 odd levels where BankNifty took support and gave a bounce back but overall it was a range-bound day. For tomorrow, BankNifty has to sustain above 46550 for further upside which can take BankNifty towards 46670 and upper marked levels. On the other side, if BankNifty breaks 46200 on downside, we expect to see 46080 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 46550 Sell Below - 46200 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BankNifty Intraday Trade Setup | 16th FebToday BankNifty opened with a gap-up around 46100 and opening price was a morning high. We saw almost 500 points fall in morning but BankNifty took support at 45590 and gave a rebound towards 46300 levels. For tomorrow, BankNifty has to sustain above 46350 for further upside which can take BankNifty towards 46470 and upper marked levels. Keep an eye on 46500 which is major resistance zone. On the other side, if BankNifty breaks 46000 on downside, we expect to see 45880 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 46350 Sell Below - 46000 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
2
14 Feb ’24 — BankNifty takes out the resistance and goes neutralBankNifty Analysis - Stance Neutral ➡️ BankNifty does the impossible today, the reason we are saying this is because, despite a UP day yesterday, BN was unable to get past the resistance of 45399. See what happened today - we opened gap-down and by 10.55 we were back at the resistance level of 45399. The rejection made sense then as the mood was still bearish and little we did know what the remainder of the day had in store. The elongated encircled region is when BN was still negotiating in and around the SR level. Once it got past that - the next test was at the purple descending trend line (which we drew yesterday). That was also kind of accurate as on 3 instances we had a contact. 4mts chart The climb of 670pts from 14.07 to 14.39 made all the difference today. It drove our algo into a tailspin and ensured that we booked the highest intraday loss till now. You might already know most algos prefer to play straddle or strangles and today being the expiry day created more trouble. The calls when sold were damn cheap and when the stop loss got hit - it appreciated more than 100 to 200%. Yesterday we pointed out the unusual skew in the PUT and CALL premiums, the calls staying cheap. Today we fell victim to that. 63mts chart We have another W pattern today and since the resistance is breached, it is a good sign for the bulls. Overall our stance is now revised to neutral from bearish. What is more interesting is that BN has a perfect at-par close with the last expiry i.e. 7th Feb. The first thing we will be looking out for tomorrow is to see if there is follow-up buying or whether what we witnessed today was just a blip. Algo Trading Our BankNifty algo trades ended today with a loss of 11805.
NSE:BANKNIFTY
by viswaram
05 Feb ’24 — BankNifty's total day's move done in first 5mtsBankNifty Analysis - Stance Neutral ➡️ BankNifty was more flattish today even though the chart pattern shows a bearish tinge. We lost 145pts ~ 0.32% today, but if a trader got into a straddle position after the first candle - it would have ended quite perfectly today. This means that the net loss for the banknifty was decided in the opening 4 or 5 minutes and the remainder of the day was just spent fooling around. 4mts chart If we extrapolate it from the previous day’s pattern it looks bearish. But if we extend it to the last few days - it's all neutral. As long as BN is between 45399 and 47465 - we are in for a perfect range-bound trade. The moment one of them gives away - we can see the pressure releasing and a strong trend developing. We need to note that Nifty was unable to break from a range-based trade in the last 47 days, as the count of the days goes up - the higher will be the breakout/breakdown momentum. 63mts chart Most importantly BankNifty will have to be its torch bearer. Looking at the charts right now - BN is pretty unsure which way to swing. There were some bright RED candles in the last 3 week’s action and possibly things are facing south. Whereas Nifty is looking northbound. As long as this tug-of-war stays, none of them breaks free. The best option for the bears is to take out the support of 45399 via gap-down tomorrow and then hope the shorts will mount. We wish to maintain our neutral stance till something materializes. Algo Trading Our BankNifty algo trades ended today with a gain of Rs5500
NSE:BANKNIFTY
by viswaram
BankNifty Intraday Trade Setup | 5th FebToday BankNifty opened with a gap-up around 46600 and after making a high around 46900, it gave a 1000 points fall from higher levels towards 45900 and closed at 45970. For Monday, BankNifty has to sustain above 46250 for further upside which can take BankNifty towards 46380 and upper marked levels. On the other side, if BankNifty breaks 45890 on downside, we expect to see 45780 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 46250 Sell Below - 45890 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
02 Feb ’24 — There is something bothering the Banks, is it PayTMBankNifty Analysis - Stance Neutral ➡️ BankNifty surprises everyone today, the meltdown first started in the banks and persisted in the banks. Nifty was near the ATH - understandable, but BankNifty is a long way from its top - so the fear of highs could not be the reason for the fall today. The price action showed something deeper is troubling the banks - is it the PayTM & RBI tussle to be blamed? Or are the unsecured short-term small-amount loans turning RED? 4mts chart Anyway, the big-boys know it better than us and soon we will all know. Unfortunately from a technical analysis perspective, we cannot plan for these events. Today’s price action shows a big RED, but a week’s data looks neutral. 63mts chart Just when BN was trying to recover from the blow on 17th and 23rd Jan, we got the RED today. The recovery from 25th Jan via bouncing off the support looked promising and when the 45399 resistance was cut through - our hopes got pinned for a bullish comeback. The charts however still show neutral trade possibilities and the support of 45399 and resistance of 47465 as the first hurdle for a directional trend.
NSE:BANKNIFTY
by viswaram
01 Feb & 31 Jan ’24 - N50 might look at BankNifty for directionsBankNifty Analysis - Stance Neutral ➡️ BankNifty has made some interesting patterns on the 16mts TF. It looks like BN made quick surges to a specific price level and then cooled off softly. Much like a mini-flag pattern. BankNifty may be showing signs of going up if that is the case. We can only confirm if the next resistance of 47465 is broken - and if that happens tomorrow, then the game is set. 16mts chart The biggest issue is the kind of selling the banks had from the FII’s basket. That factor is still haunting BankNifty pretty badly. The depth of the RED candles proves that point. When we have selling of that sort, we would need a strong response from the domestic buyers to go up. Meanwhile, if the DIIs are stalling - we may see further price corrections from here. 63mts chart BankNifty is the go-to leader for directional trends, it should hold good in the current situation also. First, the BN has to move clearly in a direction, most likely Nifty will follow. BN still holds 38% of the weight on Nifty. For tomorrow we would like to start with a neutral stance and then adapt if Banks show some traction.
NSE:BANKNIFTY
by viswaram
BankNifty Intraday Trade Setup | 30th Jan '24Today BankNifty opened with a gap-up around 45171 and gave a good rally in first half upto 45660, however, we saw selling from upper levels and BankNifty closed around 45400. For today, BankNifty has to sustain above 45600 for further upside which can take BankNifty towards 45720 and upper levels. On the other side, if BankNifty breaks 45100 on downside, we expect to see 44980 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 45940 Sell Below - 45500 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BankNifty Intraday Trade Setup | 19th Jan '24Today BankNifty opened with a gap-down around 45500 and after making a low at 45430 it gave a 700+ points bounce from lower levels towards 46180 but again we saw a selling and it come down to 45500. The positive point is that BN didn't break the morning low and closed above the opening price. For tomorrow, BankNifty has to sustain above 45850 for further upside which can take BankNifty towards 45980 and upper levels. On the other side, if BankNifty breaks 45400 on downside, we expect to see 45280 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 45850 Sell Below - 45400 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTYLong
by InvestPro_India
1
BankNifty Intraday Trade Setup | 12th Jan '24Today BankNifty opened with a gap-up near 47050 and after making a high in first 15 mins candle we saw weakness entire day. For tomorrow, BankNifty has to sustain above 47570 for further upside which can take BankNifty towards 47690 and upper levels. On the other side, if BankNifty breaks 47350 on downside, we expect to see 47220 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 47570 Sell Below - 47350 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BankNifty Intraday Trade Setup | 11th Jan '24Today BankNifty opened with a gap-down near 47000 which was the physiological support zone and after giving a bounce towards 47350 odd levels in early morning, it remained in a small range on entire day and it was a typically options sellers day. For tomorrow, BankNifty has to sustain above 47500 for further upside which can take BankNifty towards 47620 and upper levels. On the other side, if BankNifty breaks 47000 on downside, we expect to see 46880 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 47500 Sell Below - 47000 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BankNifty Intraday Trade Setup | 8th Jan '24Today BankNifty opened with a gap-up above our buy level of 48250 and struggled at upper levels, we saw profit booking around 48400. BankNifty triggered our sell level 47950 and hit the 1st target. For Monday, BankNifty has to sustain above 48450 for further upside which can take BankNifty towards 48570 and upper levels. On the other side, if BankNifty breaks 47950 again on downside, we expect to see 47840 and below marked levels on the chart. Between this zone, trading will be tricky so better to avoid. Expectations: Volatile day. Intraday Levels: Buy Above - 48450 Sell Below - 47950 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BankNifty Intraday Trade Setup | 2nd Jan '24BankNifty opened flat today and remained in a range for sometime. BankNifty broke the upper level of 48300 and made a high at 48450 which acted as rejection zone and we saw a fall of around 400 points in last 30 mins. For tomorrow, if BankNifty breaks 48100 on the downside, we expect to see 47980 and below levels marked. On the other side, if BankNifty sustains above 48450 we will see fresh buying towards 48580 and upper marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 48450 Sell Below - 48100 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BankNifty Intraday Trade Setup | 28th DecToday BankNifty opened with a gap-up around 47850 and we saw a breakout above 48000 in the morning session which took BankNifty towards 48250 zones but profit booking was seen from the upper levels. BankNifty again took support near 47900 odd levels and gave rally towards 48350 by breaking a previous high. For tomorrow, if BankNifty sustains above 48400, we expect to see further up move towards 48520 and upper marked levels. On the other side, if BankNifty breaks 48070 on the downside, we may see 47960 and below marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 48400 Sell Below - 48070 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
6
FASP levels for Bank Nifty 26/12/2023The FASP for BankNifty is listed for 26-12-2023. 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 | 14th DecToday BankNifty shown strength, taken bounce from near our sell level and we saw a good up-move in 2nd half. Tomorrow, if BankNifty sustains above 47200, we expect to see the targets towards 47320 and upper levels on buying side. In case BankNifty sustains below today's low at 46880, we expect to see fast selling towards 46770 and below targets on the selling side. Expectations: Volatile Day Intraday Levels: Buy Above - 47200 Sell Below - 46880 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1