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Bankniftylevels

Banknifty prediction for tomorrow 19 Dec 23As we discussed, Banknifty yesterday was sideways while the day was quite volatile. People who Sold 48200 CE and bought 48600 CE would have been in profit. Now, if we see the chart, it took resistance at the line we drew yesterday; now, I am expecting it to touch level 48100 again and then make a double top and fall. Reasons: 48100 will be providing a nice supply zone. Price > EMA(50,200) but < EMA(13) it might take support at 50 and then bounce back up to make the double top. OI data shows huge CE writing at 48000, which shows preparation for the bear move this week. RSI shows bullish divergence that shows it might go to double top before fall. 47600 will be providing a nice support area as price action support. The middle support line will be acting as the intermediate support line. Verdict : Sideways or Bearish Plan of action: keep holding yesterday's position, or you can make a new position once it tests the 48100 level again. Sell 48100 CE + Buy 48500 CE
NSE:BANKNIFTY
by finnova_
2
BANKNIFTY Intraday Trade Setup For 19 Dec 2023BANKNIFTY Intraday Trade Setup For 19 Dec 2023 Bullish-Above 47980 Invalid-Above 47870 T- 48220 48565 Bearish-Below 47800 Invalid-Above 47910 T- 47420 47150 BANKNIFTY has closed on a bearish note with 0.57% cut today. It opened with a slight cut and traded overall in a range. Sell triggered as per trade setup below 47890 which closed near to cost EOD due to the sideways momentum. On a flat opening best trade looks in the sell side. Below 47800 there can be a decent sell off till 47420. For a buying case it has to sustain above 47980. However bullish move with momentum will come above 48220 only. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 47980 then we will long for the target of 48220 and 48565. For selling we need a 15 min candle close below 47800. T- 47420 and 47150. 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 - Dec 19, 2023Utilizing 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 Prediction Levels for 18 Dec 2023The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
BANKNIFTY Intraday Trade Setup For 18 Dec 2023BANKNIFTY Intraday Trade Setup For 18 Dec 2023 Bullish-Above 48220 Invalid-Below 48110 T- 48565 48920 Bearish-Below 47890 Invalid-Above 48000 T- 47510 47190 BANKNIFTY has closed on a bullish note last week with 1.87% gain last week. It was a bit messy up move as thats how a typical bull run happens. Bulls are ready to take BANKNIFTY till 50650. Till then all dips will be bought. Best outlook is to find bullish reversal trades in intraday if a dip served. No point in looking for reversal positionally till we get a bold bearish candle or sentiment on weekly charts. 48220 and 47890 are important levels for next session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48220 then we will long for the target of 48565 and 48920. For selling we need a 15 Min candle close below 47890. T- 47510 and 47190. 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 Dec 23As we have been discussing Bank-nifty, Bank-nifty continues to have a bullish move. By looking, OI has PCR 1.17, which is bullish. RSI also shows Huge bull strength. So, Banknifty is expected to go higher or might go sideways for some consolidation. Reason: RSI 70, which is in the bullish zone. (Bullish) RSI is showing a bearish divergence, which means it might get a correction shortly. (Bearish) OI PCR is 1.17, which is bullish. (Bullish) Heavy volume spike in last 15 min. that shows sellers are interested in selling at this level. (Bearish) it is trading at the upper resistance trendline. (Bearish) Verdict: Bullish or sideways Plan of action: Sell 48200 CE + Buy 48600 CE
NSE:BANKNIFTY
by finnova_
BankNifty levels - Dec 18, 2023Utilizing 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 DEC 15th."Good morning, friends. Directions for December 15th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a gap-up start based on Giftnifty, which shows 70+. The market is making a new high every day, so whether it opens with a gap-up start or a neutral start is not important; the structure is what matters. If the gap-up has a solid structure (followed by consolidation or a solid candle structure), we can expect a rally continuation. On the other hand, if the gap-up doesn't sustain or if it rejects around the immediate resistance, we can expect a range market initially. If it breaks the Fib level 38%, then we can consider it a correction."
NSE:BANKNIFTY
by Manickamtraders
Banknifty Intraday Prediction Levels for 14 Dec 2023The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
BANKNIFTY Intraday Trade Setup For 15 Dec 2023BANKNIFTY Intraday Trade Setup For 15 Dec 2023 Bullish-Above 47950 Invalid-Below 47840 T- 48230 48510 Bearish-Below 47500 Invalid-Above 47610 T- 47190 46885 BANKNIFTY has closed on a bullish note with 1.36% gain today. While all the gains was contributed through gap up. 10 o'clock range was to be used as per setup. And fun fact is that it just traded within the range whole day. Market will show an easy bullish move above today's high on a flat opening. Below 47500 if sustained, there can be a chance of gap filling move. In between today's range market outlook will be sideways in intraday. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47950 then we will long for the target of 48230 and 48510. For selling we need a 15 Min candle close below 47500. T- 47190 and 46885. 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 - Dec 15, 2023Utilizing 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 DEC 14th "Good morning, friends. Directions for December 14th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a significant gap-up start, creating uncertainty about its exact opening position. Here's the basic structure: if the market breaks the immediate resistance with solid momentum or experiences minor consolidation, then we can expect a rally continuation. On the other hand, if it rejects around the immediate resistance, we can anticipate a correction, but it should break the 38% Fibonacci level. I will provide updates if there are any changes in this chart during the mid-market session."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 14 Dec 2023BANKNIFTY Intraday Trade Setup For 14 Dec 2023 Bullish-Above 47210 Invalid-Below 47100 T- 47454 47735 Bearish-Below 46880 Invalid-Above 46990 T- 46485 46155 BANKNIFTY has closed on an absolute flat note today. Sell triggered as per trade setup below 47000 and gave 1:1 move till 46887 and later hit trailing sl (cost) and reversed. Our swing long position (from 44450) was closed today @47000 as per the opted TSL. It has formed a pin-bar in daily TF so above 47210 we can expect a bullish move towards ATH. below 46880 bears will take charge. A sideways market is pretty much obvious between 47250 and 46880. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 47210 then we will long for the target of 47454 and 47735. For selling we need a 15 Min candle close below 46880. T- 46484 and 46155. 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 | 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
Banknifty Prediction for tomorrow 14 Dec 23As we have discussed yesterday, BankNifty gave a fall and then took support at 46900, which was a minor support zone. Because of expiry it turned out to be a sideways day. according to the OI as 0.95 it seems bullish. But according to the price action 47200 will be acting as resistance level. if it breaks 47200 to upside then it will go bullish. Reasons: RSI 40-60 sideways now if breaks 60 level upside then it will turn bullish again. OI shows bullish with PCR 0.95. Price > EMA(13,50) which shows a bullish signal. If breaks the 47200 level then it will be providing nice momentum. else will be sideways. Has broken resistance trend line to upside more chances to go up. Verdict: Sideways < 47200 if breaks to upside go bullish. Plan of action: keep neutral position below 47200. once breaks go bullish.
NSE:BANKNIFTY
by finnova_
BankNifty levels - Dec 14, 2023Utilizing 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 DEC 13thGood morning, friends. Directions for December 13th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a neutral to slightly gap-up start. Structurally, it's a range market. However, if the market breaks the immediate resistance with a solid structure, then we can expect a pullback continuation. On the other hand, if it rejects that level, then the previous range will likely continue. The same applies to a downtrend. If the market finds support around the immediate support level, then the range will continue. However, if it breaks this level, we can expect correction continuation."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 13 Dec 2023BANKNIFTY Intraday Trade Setup For 13 Dec 2023 Bullish-Above 47260 Invalid-Below 47150 T- 47600 48013 Bearish-Below 47000 Invalid-Above 47110 T- 46720 46350 BANKNIFTY has closed on a bearish note with 0.46% cut today. Sell triggered as per trade setup below 47180 and gave a move till 47005 and market closed at mid target. Tomorrow once again bearish move likely to continue below today's low. For a bullish action it has to regain 47260. Also daily candle has closed below PDL so below today's low we will exit longs completely and there will sentiment reversal. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47260 then we will long for the target of 47600 and 48013. For selling we need a 15 Min candle close below 47000. T- 46725 and 46350. 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 Prediction Levels for 12 Dec 2023The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
BankNifty Intraday Trade Setup | 13th DecBankNifty has formed bearish pattern yesterday on daily time and today we got the closing below yesterday's low. Tomorrow, if BN sustains below the physiological level of 47000 it can further slide upto 46850 and below levels. Expectations: Volatile Day Intraday Levels: Buy Above - Multiple resistances, will look for sell on rise if opens with gap-up. Sell Below - 47000 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTYShort
by InvestPro_India
1
BankNifty levels - Dec 13, 2023Utilizing 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