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Bankniftylevels

BankNifty levels - Jan 24, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
#Banknifty direction and levels for JAN 23Banknifty has a long consolidation, so if the market opens gap-up, it might follow the trend. After the gap-up, if the market breaks the resistance level (38%), then we can expect 46,756 to 46,868. Here also, the sentiment is the same as Nifty—if it consolidates or breaks this level, the rally will likely continue. But as per the wave, its maximum pullback fib level is 78%. However, if the pullback rejects around 50%, then we could wait for reversal confirmation using the fib swing low to high. If this fib breaks 38%, then we could consider this a reversal for a bearish trend. Alternate view: If the gap-up doesn't sustain or if it rejects around the fib level 38%, then it might turn into correction. But initially, the structure suggests a range market, and we can expect a correction when it breaks the previous swing bottom."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 23 Jan 2024BANKNIFTY Intraday Trade Setup For 23 Jan 2024 Bullish-Above 46250 Invalid-Below 46140 T- 46915 47550 Bearish-below 45430 Invalid-Above 45540 T- 44750 44180 BANKNIFTY has closed on a bearish note with 3.46% cut last week but on a positive note last trading session. 45400 is an important support in daily TF below this new bearish impulsive move will be triggered. 46250 looks an important hourly resistance above this there can be a bullish move but I doubt weather it can sustain for 1-2 days. 46915-50 can act as a strong intraday supply zone. One can look for a bearish reversal price structure above 46915 for a short following current trend. 46250 and 45430 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46250 then we will long for the target of 46915 and 47550. For selling we need a 15 Min candle close below 45430. T- 44750 and 44180. 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. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Bank Nifty - 23/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 23/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45970 – 46000 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45970 Resistance-1: 46185 Support-2: 45860 Resistance-2: 46255 Support-3: 45690 Resistance-3: 46370 Support-4: 44340 Resistance-4: 46488 ____________________________________________ Happy Learning and Trading – TST5121 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
BankNifty levels - Jan 23, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BANKNIFTY Special session analysis 20 Jan 24NSE is running special trading sessions to test the disaster management platform. There is no compulsion to participate in the trading for today. But if you wish to, here is the analysis that you can follow. Banknifty has been in the range of 45600-46200, which is marked as a sideways zone for BN. They were also looking at OI data PCR = 0.58, which is super bearish. But NIFTY is bullish. Also, BN monthly expiry data is bullish, indicating a chance of recovery. As it has also formed a triple bottom, it can recover. But as it is testing day, only a few traders might participate, which might lead to sideways momentum. I am expecting it to end in a sideways zone only if it does not break the zone to the downside. Reasons : Price < EMAs shows bearishness in the market. RSI < 40, which shows the weakness of bulls; even though it goes up, it has to cross 60 to be bullish—so there are more chances for it to end sideways today. OI data PCR = 0.58 shows a very bearishness signal in the market. It's trading in the sideways zone right low looking on the chart, and OI data doesn't break either side. More chances are to end up a sideways day. Verdict: Sideways or Bearish Plan of Action : Don't go for option BUYING; you can sell options after seeing 15 min candle PA.
NSE:BANKNIFTY
by finnova_
BankNifty Intraday Trade Setup | 20th Jan '24Today BankNifty opened with a gap-up around 46100 and after making a high around 46250, it gave a 600+ points fall from higher levels towards 45550. BankNifty is looking bearish in comparison to Nifty and if it fails to hold 45500 on closing basis, we may see another fresh selling. For tomorrow, BankNifty has to sustain above 45940 for further upside which can take BankNifty towards 46060 and upper levels. On the other side, if BankNifty breaks 45500 on downside, we expect to see 45370 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 levelsUtilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BANKNIFTY Intraday Trade Setup For 19 Jan 2024BANKNIFTY Intraday Trade Setup For 19 Jan 2024 Bullish-Above 46190 Invalid-Below 46080 T- 46870 47525 Bearish-Below 45430 Invalid-Above 45540 T- 44750 44180 BANKNIFTY has closed on a bearish note once again with 0.76% cut today. It opened with a big gap down today also, opening was directly near our 1st sell target. 10 o'clock range was to be used as per trade setup, range broke upside above 45825 and gave a move till 46184. It has formed an inverted hammer in daily TF near hourly support zone - 45400. Swing lengths have increased due to spike in VIX so be very strict with risk and rewards. 46190 and 45430 are important levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46190 then we will long for the target of 46870 and 47525. For selling we need a 15 Min candle close below 45430. T- 44750 and 44180. 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. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
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
Nifty & Bank Nifty Analysis For 19 Jan 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTY
by TheStockMantra
1
Huge selling in Banknifty. Analysis for 18/01/24.Single day fall of 2k points in banknifty is showing a bearish sentiments. A break out of the consolidaiton box is confirmed. Now the market is standing at 46050 and a clear support of 46k can be seen. If 46k levels is gone another day of selling may be there. Major support :- 46000, 45650 Market closing below the 20 ema and near to day low. Watch market price action for 1 hour as after a huge selling overnight positions will be initiated and in the first 15 minutes there will be profit booking, in case of gap down opening. Avoid bullish trades for tomorrow. The banking sector is down because of the HDFC bank single handed fell 8%, almost 150 points lower. Gap up will create confusion. In this case avoid trading. Wait and watch price action.
NSE:BANKNIFTYShort
by Mambotrade
4
BankNifty levels - Jan 19, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
#Banknifty directions and levels for JAN 18th"Good morning, friends! Here are the directions for January 18th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a gap-down start, as indicated by Giftnifty showing a -160. HDFC Bank's results' impact is still ongoing. Structurally, we can expect a pullback around the major support level. If it rejects, then we can anticipate a minimum of 38% to 61% pullback. On the other hand, if it breaks or consolidates around the major support level, the correction is likely to continue."
NSE:BANKNIFTY
by Manickamtraders
Bank Nifty on Thursday 18/01/2024Bank Nifty shows big fall as per price action, I said before market was pumped for a big fall, Now market have no more liquidity at this place, so market will show again up side momentum for next few days to accumulate liquidity... but still one more big fall is remaining as per price action.. market will not go down until it breaks 45979 (major support) Here is the levels (Marked Red) for day basis, Resistance: 47113 46949 46641 46466 46389 46238 Support: 45979 (This is major support on 5 min,15 min,1 hr., 4 hr. time frame) Note : Market may show false brake down This is my personal view only for educational purpose
NSE:BANKNIFTY
by bornforseain1984
BANKNIFTY Intraday Trade Setup For 18 Jan 2024BANKNIFTY Intraday Trade Setup For 18 Jan 2024 Sell_1- From 47215 Invalid-Above 47325 T- 46610 46000 Sell_2- Below 45970 Invalid-Above 46080 T- 45350 44750 BANKNIFTY has closed in deep red today with 4.28% cut. This is one of the biggest intraday fall in the recent months. It opened with a big gap down today and 10 o'clock range was to be used as per trade setup. Range broke downside below 46530 and gave a move till 45980. Tomorrow once again there can be good fall below 45970. Incase today's low is safe and opens with slight gap up/down or flat then there is a possibility of pullback is high. Coming to Thursday's trade setup, if index opens flat and a Min candle closes below 45970 then we will short for the target of 45350 and 44750. 2nd sell position can be considered 47220. T- 46610 and 46000. 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. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY prediction for tomorrow 18 JAN 2024As we have been discussing BankNifty in the last few days, it's going to be bearish. Today, it gave a massive bearish momentum with 2000 points to the downside, which is registered as the biggest fall of BN after Corona. If we look at the chart data now, it was in the range of 47000 se 48250, which has been broken to the downside successfully. Now, the next levels of support are 45693 and 44938, which I45693 is achievable easily if it gains momentum. Also, the BN target of range breakdown is still not completed (target 45680). If we look into OI data PCR = 0.65 (weekly), 1.1 (next expiry). Looking at the levels, 46000 has huge PE writing. If it breaks to the downside, there is not much obstacle. We can easily achieve the target marked on the charts. I expect the market to fall tomorrow. It will provide a very nice target if you are able to short the market at a high point after a retracement. Reasons: Price < EMAs, which indicates the weakness of bulls or bearishness. RSI < 40, oversold zone shows bulls are weak at this point. So some retracement and then again fall is expected. Price < VWAP that shows bearishness in the market. OI data shows PCR = 0.65 which is bearish. 46000 still has nice PE writing left, but once it breaks, it will fall smoothly. (Bearish) 46680 and 45000 are potential support zones for now if they behave nicely in Price Action. EMA(50,200) bearish death crossover, which indicates a trend reversal. (Bearish) Verdict: Bearish if breaks 46000 will provide a nice target. Plan of Action: Sell 46000 CE + BUY ~25rs CE (for hedge protection) after a retracement.
NSE:BANKNIFTYShort
by finnova_
3
BankNifty levels - Jan 18, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BANKNIFTY Intraday Trade Setup For 18 Jan 2024BANKNIFTY Intraday Trade Setup For 18 Jan 2024 Bullish-Above 48310 Invalid-Below48200 T- 48620 68950 Bearish-Below 48000 Invalid-Above 48110 T- 47700 47445 BANKNIFTY has closed almost on a flat note today. It has formed a shooting star candle in daily TF which indicates a bearish sentiment. If you can remember our weekend analysis where we discussed that index may give a pullback move before any fresh up move. Probability of a Higher Low is high. Index may test 474450 or 47500 zone as per half bat pattern. This pullback/down move will be triggered below 48000. Above 48310 there can be good up move. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 48310 then we will long for the target of 48620 and 48950. For selling we need a 15 Min candle close below 48000. T- 47700 and 47445. 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. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
16 Jan ’24 — BankNifty is < bullish & > bearish trendline ➡️BankNifty Analysis - Stance Neutral ➡️ BankNifty was sailing smoothly till 12.59 today when it fell below a weak trend line. Till then it was holding its end of the bargain when the sectors around it were falling, most noticeably NiftyIT. Yesterday we changed the stance of BN from neutral to bullish - but we did not get the required pump-up today, hence we are reverting back to the neutral stance. 4mts chart BN fell close to 302pts ~ 0.63% between 12.03 and 13.35 - it was during this phase that it breached the shallow trend line. Even though that trend line is insignificant in the grand scheme of things, it may be more than enough to discourage the weak bulls. Surprisingly, BN did not fall below the 47996 zone which would have meant pure bearishness. 63mts chart The chart may look complex with many lines crisscrossing, but it is simple to understand. The line connecting 47010 to 48265 is the shallow trend line formed due to the bullish move from the 10th of Jan. The flatter downward-sloping line from the ATH & connecting the peaks is a bearish trend line. Right now BN is below the bullish line and above the bearish line, if it falls further we go into the bearish zone. If the chart felt too complicated - drop in a comment & we will be happy to help.
NSE:BANKNIFTY
by viswaram
Nifty & Bank Nifty Analysis For 17 Jan 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTYShort
by TheStockMantra
1