BankNIfty BEARISH Prediction for 20 Nov 1. PCR = 0.65 Bearish
2. Price < EMA(200)
3. Golden Crossover (Bearish)
4. RSI < 40 (week bull power) (Bearish)
5. Max Pain: 43600
Bankniftylevels
Banknifty directions and levels for NOV 20"Good morning, friends! As of November 20, the global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderate bearish trend. It may open with a neutral start because the GiftNifty indicates a value of +7. Structurally, we can expect a range market either if it takes a pullback or breaks the previous day's low. In my personal opinion, we should wait for confirmation at the immediate support or resistance levels before expecting the next move."
BANKNIFTY Intraday Trade Setup For 20 Nov 2023BANKNIFTY Intraday Trade Setup For 20 Nov 2023
Bullish-Above 43880
Invalid-Below 43770
T- 44250 44510
Bearish-Below 43510
Invalid-Above 43620
T- 43221 42975
BANKNIFTY has closed on a slight bearish note last week with almost 1% cut. 44450 is a very important level for a bullish move. Index is bearish till we get bullish price structure in hourly TF. If sustained below 43500 then we will see a good downside move. Next important confluence level is 43300 zone then 42970 will be approached. Above 43750 we will get a bullish signal for intraday however we will buy above 43880.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 43880 then we will long for the target of 44250 and 44510.
For selling we need a 15 min candle close below 43510. T- 43220 and 42975.
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.
BankNifty levels - Nov 20, 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!
BankNifty levels - Nov 17, 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!
Bank Nifty Intraday levels 16th Nov 2023Good Morning Everyone
After opening on gap up, bank nifty wiped our around 200 points gain from day's high and closed higher by 310 points at 44202, with above average volume. Well index has formed bearish candlestick pattern n daily chart pattern because the closing was lower than the opening levels.
Market is on buying on dips. So in case you see any dip try to take in down and sale on high. World market is showing mix cues, Gift nifty is ready to give minor gap up opening.
Important levels for Banknifty:-
Intraday support zone 44000
Intraday resistance zone 44300
Important support zone 43800
Important resistance zone 45000
Buy above 44261, if levels sustains at least for 30 Mints
Targets we can see in upside 44381/44484
Keep stop loss at 44155
Sale below 44155, if levels sustains at least for 30 mints.
Targets we can see in downside 44049/43899
Keep stop loss at 44261
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
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BankNifty levels - Nov 16, 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!
Banknifty Intraday levels || Expiry Day special Hero Zero TradeGood Morning Traders,
In monday session Banknifty was totally under pressure for the entire session, falling 105 points to settle at 43891. Banknifty tried inching towards 44000 mark, but remained unsuccessful, which is expected to be crucial resistance for further up move towards 44500 levels. But As America has given a huge closing on yesterday session we can see some bullish momentum in coming days. SGX nifty is suggesting huge gap up opening, seems banknifty should open above 43400, but you do not have to worry about, let the market settle first, once banknifty come in between 44300-44200, try to accumulate and go long with the target of 44500/44600/44700+
Important levels for Bank nifty:-
Intraday support zone 43800
Intraday resistant zone 44300
Important support zone 43500
Important resistant zone 44500
Buy above 44039, if levels sustains at least for 30 Mints
Targets we can see in upside 44255/44515/44749
Keep stop loss at 43861
Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
BANKNIFTY analysis for 15 NOV (today)BankNifty has been in the rising wedge pattern which is usally Bearish Pattern. as it has also been taking resistance from the 1H-tf trendline. also its expiry today that means mostly its sideways. But if it breaks the rising wedge to downside it might give a nice target of 350-400 points to bearish side.
Reason:
EMA 200 support line to downside. will provide a nice support if it breaks to downside. (Bearish)
we also have Priceaction support level in range of 43350-43450. (Bearish)
RSI is in range of 40-60 means mostly sideways. (Sideways)
PCR = 0.96 (Bullish)
Price > EMAs(13,50,200) (Bullish)
Verdict:
Unless it breaks to downside odds are Bullish
Plan of action:
Sell 44000 CE and Buy 43900 PE
Result of 13 november bankniftyThis is an educational post. I am not a SEBI registered. Exactly as predicted banknifty was bullish above yellow and green zone . Please like the post.
BANKNIFTY Intraday Trade Setup For 15 Nov 2023BANKNIFTY Intraday Trade Setup For 15 Nov 2023
Bullish-Above 44060
Invalid-Below 43950
T- 44287 44530
Bearish-Below 43680
Invalid-Above 43790
T- 43475 43260
BANKNIFTY has closed with a slight cut of 0.24% last day. In the weekend pullback scenario was discussed and half bat was plotted. Monday view matched and scenario turned into reality. Although it has closed with a slight cut but in daily TF it has formed a Pinbar candle so above 43980 it will have bullish stance. Below 43680 trendy downside move may initiate. 44287-300 is first resistance for tomorrow's session.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 44060 then we will long for the target of 44287-300 and 44530.
For selling we need a 15 Min candle close below 43680. T- 43475 and 43260.
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.
13th Nov ’23 - BankNifty Postmortem Bullish Channel or Bearish🏴BankNifty Analysis
Banknifty also erased the gains it made on Diwali Mahurat trading. Today’s close is almost at the same level as of 10th Nov. Interestingly BN tested the resistance of 44063 on Sunday from where it was rejected.
Sunday’s trade could be thought of as manipulated (legally) as most of them come with a bullish bias for Muhurat trades. Few of them deploy their Diwali corpus on stocks, etf, gold etc. But today’s initial price moves suggest the sellers are not done yet. After opening gap down, we went another 252pts lower and then climbed back - just like a warning shot.
But BankNifty recovered much more elegantly compared with Nifty. By 14.35 we almost closed the gap.
There are 2 ways to look at the ascending channel. Either it's a strong breakout candidate or it may be a downward flag consolidation phase on a weekly time frame. The only way to confirm is to wait for clarity. If it's an upmove, 44063 has to be taken out immediately. If we are staying as it is or dipping, the bears will take it up from here. For Wednesday, I wish to maintain my neutral stance till one of these levels gets broken (44063, 43566).
BankNifty levels - Nov 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!
BANKNIFTY Intraday Trade Setup For 13 Nov 2023BANKNIFTY Intraday Trade Setup For 13 Nov 2023
Bullish-Above 44060
Invalid-Below 43950
T- 44269 44530
Bearish-Below 43910
Invalid-44020
T- 43695 43475
BANKNIFTY has closed on a slight bullish note last week with some 1% gain. On 31 Oct EOD when BANKNIFTY was at 42845,43400 was discussed as a bullish reversal level. After it was triggered index has given slow and steady movement till 44056. Still it has some more space left. 44060 and 43910 are important levels for tomorrow's session based on Muhurat Trading price action.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44060 then we will long for the target of 44269 and 44530.
For selling we need a 15 Min candle close below 43910. T- 43695 and 43475.
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.
BankNifty levels - Nov 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!
BANK NIFTY - Target Levels - 10.11.23.Its Helpful & Useful For Freshers, Newers & Beginners Of Trading...
Learn & Earn With You Own...
Nifty Spot Price : 19395.3 India Vix Spot : 10.98% -
Nifty Daily Range : 43433 To - 43935
See My Reversal Target Level - Long Wick Is Shown Only. The Reversal Trend Is Activated. OtherWise Leave It. And Achieve The Target Point.
Second By Second Change The Trailing Stop Loss.. Don't Loss Your Hard Money..
Draw & Watch The Target Points :
Entry Point... & Stop Loss... & Target Point ...Is Yours...
In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check.
(Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not)
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTrend Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DownTrend Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry.
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma, Thetta, & Vega.
3. Selection Of OI Analysis.. & Determination Of Volume Calculation.. & Sum Of Implied Volatility Theory
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point.. & Prediction Of Entry, Targets, & Stop Loss..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings..
Kindly Follow My Channel & Like Your Support & Share My Ideas.
TAMIL.. TAMIL... TAMIL.... Engum Tamil.. Ethilum Tamil.. VALGA VALAMUDAN..
Ithu Oru Tamilanin Thoguppu..
Like Pannunga.. Comment Pannunga.. Share Pannunga.. & Profit Pannunga...
Marakkama Unga Friends & Relatives a - market1tomorrow - la Join Panna Sollunga..
This Is My Trading Phychology Of
market1tomorrow
BankNifty levels - Nov 10, 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!
Banknifty for today after 43500 break down we will see huge down side today
todays BN will we sell on rise
BANK NIFTY - Target Levels - 11.09.23.Its Helpful & Useful For Freshers, Newers & Beginners Of Trading...
Learn & Earn With You Own...
Bank Nifty Spot Price : 43658.65 India Vix Spot : 11.04% -
Nifty Daily Range : 43406 To - 43911
See My Reversal Target Level - Long Wick Is Shown Only. The Reversal Trend Is Activated. OtherWise Leave It. And Achieve The Target Point.
Second By Second Change The Trailing Stop Loss.. Don't Loss Your Hard Money..
Draw & Watch The Target Points :
Entry Point... & Stop Loss... & Target Point ...Is Yours...
In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check.
(Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not)
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTrend Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DownTrend Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry.
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma, Thetta, & Vega.
3. Selection Of OI Analysis.. & Determination Of Volume Calculation.. & Sum Of Implied Volatility Theory
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point.. & Prediction Of Entry, Targets, & Stop Loss..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings..
Kindly Follow My Channel & Like Your Support & Share My Ideas.
TAMIL.. TAMIL... TAMIL.... Engum Tamil.. Ethilum Tamil.. VALGA VALAMUDAN..
Ithu Oru Tamilanin Thoguppu..
Like Pannunga.. Comment Pannunga.. Share Pannunga.. & Profit Pannunga...
Marakkama Unga Friends & Relatives a - market1tomorrow - la Join Panna Sollunga..
This Is My Trading Phychology Of
market1tomorrow
BANKNIFTY Intraday Trade Setup For 09 Nov 2023BANKNIFTY Intraday Trade Setup For 09 Nov 2023
Bullish-Above 43800
Invalid-Below 43690
T- 44060 44270
Bearish-Below 43540
Invalid-Above 43650
T- 43260 42990
BANKNIFTY has closed on a slight bearish note with 0.18% cut unlike NIFTY. Yesterday's buy and sell level were 43800 and 43570. Index traded within this range for the whole day, sell level was tested but not triggered. If it sustains above 43800 tomorrow then there can be sharp up move as it will trigger double force move. However we will be alert above 43710 for a bullish trigger. Below 43540 it will initiate a good down move. 44060 and 43260 are intraday first resistance and support zones respectively.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43800 then we will long for the target of 44060 and 44270.
For selling we need a 15 Min candle close below 43540. T- 43260 and 42990.
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.
8th Nov ’23 - BankNifty options premium traded at near 0 valuesBankNifty Weekly Expiry Analysis
Between the last expiry and today, BankNifty gained an impressive 909pts ~ 2.13%. It broke through 3 resistance lines to give some hope to the bulls. If we talk about the expiry day today, the OTM premiums were horrible today. Due to the collapse of implied volatility - the market participants were not anticipating any movements. Today is one rare day when I decided not to sell any PUT options. I felt its better not to sell than sell cheap. CALL options on the other hand had better premiums after the opening hour.
BankNifty Today Analysis
We almost hit the 43800 levels in the opening candle, but there was some difference in the price action if we compare it with Nifty. Although both Nifty and BankNifty fell till 11.15, Nifty managed to climb back whereas BankNifty lost the momentum. The tiredness of the bulls was more prominent in BN. I usually take BankNifty’s price action as a leading indicator during trend reversals.
Seems like I need to draw a new support/resistance line at 43566, because we stopped and reversed twice at that zone. I never had that level marked in my chart before. I have highlighted the 4 recent instances in blue color.
Looking at the hourly chart, I have decided to change my stance from bullish to neutral. The only way to change back to bullish is to break the 44063 levels. Whereas to go bearish, BankNifty will have to break at least 4 supports and trade below 43012. So until then, I wish to stay neutral.
BankNifty levels - Nov 9, 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!
Bank Nifty Intraday Analysis || Expiry Special Hero Zero TradeGood Morning Everyone,
Guy's Banknifty has given huge momentum in last trading session, it has given good closing above 43700, and formed a bullish candlestick pattern with a long lower shadow on the daily timeframe. Banknifty is clearly saying you can buy on dips to me. There was a hurdle of 43700, which has got cleared in yesterday session. Now 44000 will be next hurdle for BankNifty. If i talk about today's Global Market, then it is showing mix to positive sentiment, Gift Nifty also indicating gap up opening, I think in case we see any profit booking in index and we get banknifty around 43636-43550, Then we should think to go long as Market itself saying buy me on dips. At least for today we can try.. MACD has also given positive crossover in yesterday session. let' s see how market is going to behave..We will act according to the levels.
Important levels for Banknifty:-
Intraday support zone 43500-43600
Intraday Resistance zone 43900-44000
Important Support Zone 43300
Important Resistance Zone 44500
Buy above 43892, if levels sustains at least for 30 Mints.
Target we can see in upside 44028/44146
Stop loss will be 43700
Sale below 43634, if levels sustains at least for 30 Mints.
Targets will be in downside 43497/43385
Keep stop loss at 43700
Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
