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BANKNIFTY Intraday Trade Setup For 16 Jan 2024BANKNIFTY Intraday Trade Setup For 16 Jan 2024 Bullish-Above 48250 Invalid-Below 48140 T- 48620 48950 Bearish-Below 48020 Invalid-Above 48130 T- 47700 47445 BANKNIFTY has closed on a bullish note with almost 1% gain today. In the weekend analysis we discussed that BANKNIFTY may form a higher low and then confirm the next bullish move. In this case index may give a pullback if 48000 is taken out in downside. 47700 will act as an intraday support being gap closing price. In case it sustains above today's high then we will test 48621 and that will be an intraday resistance. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 48250 then we will long for the target of 48620 and 48950. For selling we need a 15 min candle close below 48020. 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
BANKNIFTY prediction for tomorrow 16 th JAN 24As we discussed, BANKNIFTY yesterday, "If breaks will go bullish", it broke the pattern to the upside, and then it made a good bullish move, but it had quite high volatility. Now, it has broken to the upside; I am expecting it to go HH till 48500. Suppose we see OI data PCR = 1.25, which is bullish. Also, at higher levels, 48200 has minor resistance. If it breaks to the upside, then the direct target will be 48500. I am expecting it to go bullish till level 48500. Reasons: Price ~ EMA(13) means its balanced bullish. It has already given a breakout to the upside target marked on the chart. (Bullish) RSI 68, which is perfect for a bull run. (Bullish) The market already took support at 200 EMA. After that, it showed a bull market run and also broke the pattern with power. According to OI data, PCR = 1.25, which is bullish, with only minor resistance at 48200, but looking at bullish power, it will break easily. (Bullish) Price already took support at VWAP and became bullish. It will now continue till levels of 48500. Verdict: Bullish Plan of action: If the Market opens sideways, go bullish with CE buying. If the Market opens high, let it retrace, then enter.
NSE:BANKNIFTYLong
by finnova_
Banknifty weekly analysis for 15/01/24.Banknifty on the weekly close has given a hammer candle and has retraced from 61.8% levels. It has given a slow progress after testing the ATH and is lagging the other index. There are chances of it giving a nice move this week, if it starts trading above fibonacci level. There is a parallel channel consolidation and if it clears the resistance zone around 48k levels there will be a good move to capture 200-250 points on the spot chart. Major resistance levels :- 47860-900, 48180 Higher targets in a bullish trade can be captured by trailing the SL. Price action and setup should be checked before entering any trade. Support zone :- 47610-650, 47450, 47250 The zone between 47600-47900 is a no trading zone for tomorrow. If there is a flat to slight gap up/down opening and market consolidate in the first half and move on the higher side in the second half, good targets can be captured in the index.
NSE:BANKNIFTY
by Mambotrade
BankNifty levels - Jan 16, 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 15 Jan 2024BANKNIFTY Intraday Trade Setup For 15 Jan 2024 Bullish-Above 47880 Invalid-Below 47770 T- 48315 48757 Bearish-Below 47600 Invalid-Below 47710 T- 47237 46900 BANKNIFTY has closed on a slight bearish note with almost 1% cut last week. It is lacking behind NIFTY as NIFTY is backed with IT pack and reliance. Since it is a bit slow so unlike NIFTY giving a breakout of a consolidation BANKNIFTY may take few more days to confirm a bullish price structure . In the this scenario index may give another lower low formation, means chances of a pullback and then taking out the previous swing high will confirm a bullish move. 47880 and 47600 are important levels for intraday. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 47880 then we will long for the target of 48315 and 48757. For selling we need a 15 Min candle close below 47600. T- 47237 and 46900. 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 15 Jan 24 💰 💸 As we discussed, BANKNIFTY yesterday is "Bearish if it breaks to downside AND sideways in the RANGE." it could not break to the downside. It stayed in the range, resulting in a little bullish but inside the range. There was a minor trendline inside the range, which got a breakout, and then the upper range of the region touched, and some bearishness was seen from there. On the other hand, NIFTY gave a breakout and rallied. Now, if we see OI data, PCR is 1.0, which is bullish. But if we compare it to the NIFTY. Nifty has more bullishness than BANKNIFTY. As of right now, Banknifty is also at the surge of breakout. It broke to the upside, and it will be giving a very nice target till 48500. If it opens Gap-up, wait for it to retrace to EMA 13, and after the candle color changes, you can make a bullish entry. If we see OI data, 48000 is showing very good resistance, but if it clears, then we will have a clean target till 48500. Now, tomorrow, I am expecting it to go bullish if it breaks the descending triangle pattern to the upside. Reasons: Price > EMA(13,50,200) shows bullishness in the market. As it is forming a descending triangle pattern, If it breaks to the upside, it can give a very nice bullish momentum till the 48500 levels. RSI = 54 shows bullish once it crosses 60 to the upside; you can easily go bullish; if it breaks the descending triangle pattern, it will obviously cross 60 to the upside. PCR = 1.0, which is Bullish. Only 48000 is showing significant resistance. If it gets cleared, it will give me a chance to go to HH. 200 EMA will be providing nice support at this point. VWAP ~ Price, which shows market price is volume balanced. If it gives a break to the upside, there are higher chances that it will give nice bullish momentum. Verdict: Bullish if it breaks the descending triangle to the upside. Plan of action: check the 15-minute candle; if it breaks to the upside, you can go bullish as follows. SELL 47900 PE and BUY 46600 PE (for Margin Benefits)
NSE:BANKNIFTYLong
by finnova_
BankNifty levels - Jan 15, 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 12.#Banknifty Banknifty has also progressed in sub-wave 4th (expanding diagonal). So, if it opens with a gap-up, there might be an undergo a 5th sub-wave. It may reach a minimum of 47,741 to the fib level 50%; after that, if it rejects sharply around there, then we can complete sub-wave 5th and anticipate the correctional (ABC) wave. This is the basic structure; however, if the market sustains or consolidates around there, then the 5th might extend. Bearish aspect: If the gap-up doesn't sustain or if it opens with a gap-down, it may take a range market structure. Alternatively, if it breaks the previous low, then we can expect correction continuation.
NSE:BANKNIFTY
by Manickamtraders
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 Prediction 12 Jan 24As we discussed, Banknifty has been moving in the range. Yesterday, it tried to break it to the downside, but the bulls came into power and again pushed back into the channel. Today, it opened a gap up and took resistance to the trendline, mostly having a sideways day. Again tried to break it to the downside, but the Bulls again pulled it back. Now, it's in the support zone. If it again breaks to the downside, it might give a nice momentum to the downside with a target of 47000. but if it breaks the trendline to the upside, it will be rejected from 200 EMA and might result in a sideways day again. If we see OI data, PCR = 0.80 weekly, which is neutral. But the monthly expiry PCR is 0.90, which leans towards the bulls side. Now, If it breaks the downside, a fall can be expected of 400 points. Otherwise, It might result in a sideways day in a range of 47450-48000. Reasons: Price < EMAs shows a bearishness in the market. (Bearish) RSI = 50, which is 40-60, mostly ends up a sideways day. If it breaks 60, it is upside bullish, or if it breaks 40, it is downside bearish; otherwise, sideways, 40-60 can be expected. OI shows PCR = 0.8 which is neutral. BN is making a descending triangle pattern that shows demand for an asset is weakening, so there are higher chances of breaking to the downside. Price < VWAP, which shows the bearishness. (Bearish) Verdict: Bearish if it breaks to downside AND sideways in the RANGE. Plan of action: Wait for 15 min to see Price action at opening; then place trades accordingly.
NSE:BANKNIFTYShort
by finnova_
3
BANKNIFTY Intraday Trade Setup For 12 Jan 2024BANKNIFTY Intraday Trade Setup For 12 Jan 2024 Bullish-Above 47670 Invalid-Below 47560 T- 47960 48265 Bearish-Below 47230 Invalid- Above 47340 T- 46900 46580 BANKNIFTY has closed closed on a flat note with a minor gain of 0.16% today. It was range bound market the whole day except 2 PM fall and recovery. It has formed a spinning top candle which caters a indecision sentiment. Looks like bears will try to close the week in their favor to cater bearish weekly sentiment. They will get into action below 47230. In case today's low is safe and it breaks 47670 then chances of a bullish move. Best will work on a flat opening or opening between 47665-47235. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47670 then we will long for the target of 47960 and 48265. For selling we need a 15 min candle close below 47230. T- 46900 and 46580. 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 levels - Jan 12, 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 11 Jan 2024BANKNIFTY Intraday Trade Setup For 11 Jan 2024 Bullish-Above 47430 Invalid-Below 47320 T- 47835 48265 Bearish-Below 47000 Invalid-Above 47110 T- 46580 46100 BANKNIFTY has closed on a slight bullish note with 0.25% gain today. It opened with a slight gap down and tested 47000 zone via gap up. Immediate and sharp bounce came from psychological support in a single candle. Later it just consolidated the whole day. Tomorrow if it opens flat and sustains 47430 then it can show one more upside move towards 47800 in intraday. Weekly CIP support is 46300 zone. Below 4700 if it slips then bears will take charge. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47430 then we will long for the target of 47835 and 48265. For selling we need a 15 Min candle close below 47000. T- 46580 and 46100. 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 - 11/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 11/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 47190 – 47220 Important Support and Resistance for the Day... Support - Resistance - Support-1: 47220 Resistance-1: 47430 Support-2: 47010 Resistance-2: 47600 Support-3: 46810 Resistance-3: 47855 Support-4: 46500 Resistance-4: 48000 ____________________________________________ 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) If market open as a FLAT and moves to UP - SIDE then BUY with the Support of R-1 and SELL with the Rejection of R-1. (Or) If market open as a FLAT and moves to DOWN - Side then BUY with the Support of S-1 and SELL with the Rejection of PDL. 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 PDH. (Or) If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of IMP 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 W-R and SELL with the Rejection of W-R.
NSE:BANKNIFTY
by SriTrader5121
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
Nifty Expiry & Bank Nifty Analysis For 11 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
BankNifty levels - Jan 11, 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 prediction for tomorrow 10 Jan 24As we discussed Banknifty bearishness yesterday, it opened a Gap-up and then took resistance at 200 EMA, then it fell with quite a nice volume. Also, it did break the pattern to the downside. Also, 47400 was acting as a very nice support but has been broken with good volume and selling pressure. The volume of those candles was very demanding. If we look at the OI data, it also suggests that PCR = 0.48, which is super bearish. And this much fall in OI has not been seen in the past 2-3 months. I am expecting a fall till 47000 as the first target and 46600 as 2nd target is achievable. All important levels have been marked on the chart. I am expecting a bearishness in tomorrow’s session. Reason: The chart has broken to the downside, which shows a super bearish structure. (Bearish) OI data shows PCR = 0.48, which is assumed to be the bearish market condition. Today, a large quantity of PE is being exited, which can be seen in the daily OI change. (Bearish) RSI has dropped to the bearish zone (<40), which shows very weak bulls in the market. (Bearish) Price < EMAs that shows price is weaker; Supply > Demand (Bearish). according to GIFTNIFTY, the market might open a Gap-up and then fall from the price action level marked in the chart. Price < VWAP shows bearishness, which might lead to a good fall. (Bearishness) It is making HNS, which is at the top of the Bull trend that might lead to a very bearish structure. (Bearish) Verdict: Super Bearish Plan of action: Bearish if it rejects the 47400 level; otherwise, wait for PA at 47400. Note: PA = Price Action
NSE:BANKNIFTYShort
by finnova_
BANKNIFTY Intraday Trade Setup For 10 Jan 2023BANKNIFTY Intraday Trade Setup For 10 Jan 2023 Sell_1- From 47710 Invalid-Above 47820 T- 47430 47200 Sell_2- Below 47150 Invalid-Above 47260 T- 46780 46355 BANKNIFTY has closed on a bearish note with 0.44% cut today. As per previous day trade plan we planned a short from 47930, according to simple half bat pattern. Sell triggered @ 47930 and what a fall we got. It gave a move of more than 700 points in favor, however main move came after 2 PM. Tomorrow once again we will plan for a sell below day low only on slight gap up to flat opening. 47705 will be an important intraday resistance. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 47150 then we will short for the target of 46780 and 46355. 2nd short can be considered from 47705 in case of a flat to gap up opening. T- 47430 and 47200. 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 weekly expiry levels for 10/01/24.Banknifty has given fall in the second half and fell almost 700 points from the day high. Now the market has confirmed a bearish trend as it has been forming a lower low lower high formation. It is taking support from 200 hourly ema and closed 200 points lower. Tomorrow is weekly expiry and anything below 47150 will drag banknifty to test 46920 levels. Major support :- 47150, 4920 Resistance :- 47450, 47860 If there is a consolidation on the levels and gives a break down good points can be capture, else it can take a halt after a 2 days fall. Wait for the price action near the levels before entering the trade.
NSE:BANKNIFTY
by Mambotrade