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Bankniftylevels

BankNifty levels - Dec 4, 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 weekly prediction for 6th Dec Expiryas we have already discussed Banknifty has given breakout. and yesterday it also had a consolidation i will not say it was a healthy one. but I was monthly expiry and rounded well for bulls. Now I am expecting it to move bullish whole this week. Target 1 will be 45561, then some consolidation and it will move to all time high 46250. Reasons: Price has already broken out 2 month breakout with Inverted HNS. (Bullish) RSI is in bullish zone crossing 60 to upside. (Bullish) Bullish Golden crossover successful. (Bullish) Inverted HNS breakout and successful retesting of neck-line. (Bullish) According to OI, PCR: 1.24 (Bullish) with max pain = 44900 or 45000. Bears is not having much of positions that bulls have to worried right now. Verdict: Strong Bullish Plan of action: Sell 44900 PE and Buy 43700 PE
NSE:BANKNIFTYLong
by finnova_
#Banknifty directions and levels for DEC 1st"Good morning, friends🌺! As of December 1st, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a gap-up, considering the GiftNifty value at +70. After that, if the market sustains the gap up or consolidates, then we can expect a rally continuation. On the other hand, if it doesn't sustain or if it rejects around the immediate resistance level, we can expect a correction of at least 38 to 78% in the minor swing."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 01 Dec 2023BANKNIFTY Intraday Trade Setup For 01 Dec 2023 Bullish-Above 44770 Invalid-Above 44880 T- 45080 45345 Bearish-Below 44250 Invalid-Above 44360 T- 43980 43710 BANKNIFTY has closed on a slight bearish note with 0.19% cut today. Now next round of up move will resume above 44770 only. Today it traded between buy and sell level for the whole day. There can be a very good trendy move with momentum above today's high. Below 44250 it will give a downside move. In between it is risky to trade as it be a zoned market between today's high and low. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44770 then we will long for the target of 45080 and 45345. For selling we need a 15 Min candle close below 44250. T- 43980 and 43710. 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 1, 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 NOV 30"Good morning, friends🌺! As of November 30th, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market exhibits a significantly bullish trend. It might open with a neutral to a slight gap-down, considering the GiftNifty value at -10. Structurally, it appears to be a range-bound market. Even if it opens with a gap-up or gap-down, a minor correction of 23 to 38% can be expected. The rally will persist only if the market solidly breaks the immediate resistance level. This same sentiment applies to a bearish structure, indicating that a correction will occur only if it breaks the 38% Fibonacci level. Until then, we can anticipate the market remaining within a range."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 30 Nov 2023BANKNIFTY Intraday Trade Setup For 30 Nov 2023 Bullish-Above 44640 Invalid-Below 44530 T- 44915 45160 Bearish-Below 44300 Invalid-Above 44410 T- 44058 43790 BANKNIFTY has closed on a bold bullish note with more than 1.5% gain today. Important swing high 44450 was broke today. Now index has changed its daily TF structure into bullish. Index looks ready to test 45850 and may be a fresh ATH. Today it opened with gap up above our buy level so 10 o'clock range was to be used. Range broke upside above 44140 and gave a fantastic move till 44630. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44640 then we will long for the target of 44915 and 45160. For selling we need a 15 Min candle close below 44300. T- 44058 and 43790. 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
29th Nov ’23 - BankNifty Outperforms & is now bullish 🐂🐂🐂BankNifty Analysis Recap from yesterday: “BankNifty has picked up decent momentum from 22nd Nov when it bounced from the 43253 support level. The next level to watch is 44063 and till that is not taken out, I wish to maintain my neutral stance. Once BankNifty also goes bullish, it will be a treat to watch as Nifty is already long.” 5mts chart link - click here The gap-up was right at the SR zone of 44063 and it helped BankNifty change its sentiment. For the initial 30mts, BN was a little hesitant to make its move but as it held out the support level - it may have gained the confidence of the bulls. Hope you got my tradingview minds update as I went long today. And yes, it was definitely a treat to watch as both BankNifty and Nifty were on the long side today. Even the NiftyIT also supported today which meant there was no stopping. BankNifty went on to gain another 569pts ~ 1.29% once it defended its support. The total gains today were 685pts ~ 1.56%. Between 14.45 to 15.10, it took out another resistance level at 44542, this came as a surprise to me as I thought the resistance may hold. Since tomorrow is the expiry day for both Nifty and BankNifty we may some action in 2nd half. 1hr chart link - click here See the encircled region on the 1hr TF, 15th & 16th November when we were still in that ascending channel. The news that broke ensured BankNifty fell, but see what happened - the rebound was much more powerful. Today’s 14.15 candle alone grabbed 268pts ~ 0.61% and most importantly helped BN close above this encircled region. My stance is bullish on BN with 44763 as the first target. Keep in mind, a strong resistance is coming up at 45399.
NSE:BANKNIFTYLong
by viswaram
FASP levels for Bank Nifty 30/11/2023The FASP for BankNifty is listed for 30-11-2023. 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 levels - Nov 30, 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 NOV 29th"Good morning, friends🌺! As of November 29th, the global market sentiment remains bullish, as indicated by the Dow Jones. However, our local market shows a moderately bullish trend. It might open with a slight gap-up start, considering the GiftNifty value at +60. If the gap-up sustains, then we can expect a rally continuation with minor consolidation. On the other hand, if the gap-up doesn't sustain or if it sharply rejects around the immediate resistance level, then we can expect a correction, which may involve a minimum 23% to 38% Fibonacci correction. However, a proper reversal will only occur if it breaks the 38% level."
NSE:BANKNIFTY
by Manickamtraders
BankNifty Breakout prediction for today 29 Nov 23As we discussed yesterday, Banknifty moved to upside and took a retrace and again continue the bullish momentum. By looking the chart and OI data Banknifty is highly likely to move in the up direction. Reasons: BANKNIFTY break the range by making inverted HNS pattern. (Bullish) RSI has broken to upside and retraced. (Bullish) Price > EMAs (Bullish) EMAs golden crossover. (Bullish) PCR = 1.12 (Bullish) Verdict: Bullish Plan of action: Sell 43900 PE and Buy 44000 CE
NSE:BANKNIFTYLong
by finnova_
BANKNIFTY Intraday Trade Setup For 29 Nov 2023BANKNIFTY Intraday Trade Setup For 29 Nov 2023 Bullish-Above 43970 Invalid-Below 43860 T- 44235 44510 Bearish-Below 43800 Invalid-Above 43910 T- 43588 43330 BANKNIFTY has closed on a slight bullish note with 0.26% gain today. Buy triggered as per trade setup above 43810 and gave a small move till 43960. Momentum was really yuck. This dead momentum will continue for this week too. I have already reduced my position sizing for directional trades since last week you should do the same. Till the time Vix starts its journey towards 15, momentum will be dull. 43970 and 43800 are important levels for tomorrow's session. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43970 then we will long for the target of 44235 and 44510. For selling we need a 15 Min candle close below 43800. T- 43588 and 43330. 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 - Nov 29, 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 NOV 28"Good morning, friends🌺! As of November 28th, there is no significant difference in the global and our local market sentiments compared to the last session. The global market sentiment remains bullish, as indicated by the Dow Jones. However, our local market shows a moderately bearish trend. It might open with a slight gap-up or a neutral start, considering the GiftNifty value at +5. Structurally, there is a distribution wave occurring. So, if the market experiences a pullback with grinding, we can expect rejection around the immediate resistance level. However, if the pullback forms a solid structure, we can consider that a bullish sign. On the other hand, if the market opens with a gap-down or experiences sharp initial declines, the range-bound market is likely to continue."🤝
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 28 Nov 2023BANKNIFTY Intraday Trade Setup For 28 Nov 2023 Bullish-Above 43810 Invalid-Below 43700 T- 44080 44285 Bearish-Below 43580 Invalid-Above 43690 T- 43330 43085 BANKNIFTY has closed with a slight gain of 0.42% last week. Last week it was discussed that index momentum will be complete sideways till Nov monthly candle closes at a good level to trigger any direction. So has happened and so will happen this weak too. Stay cautious for intraday as momentum is dead. Important level is 44450 for an upside trigger and 43200 being the downside trigger level. 43810 and 43580 are important levels for next session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 43810 then we will long for the target of 44080 and 44285. For selling we need a 15 Min candle close below 43580. T- 43330 and 43085. 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
24th Nov ’23 - BankNifty has to take out a crucial resistance.BankNifty Analysis BankNifty had a positive-looking chart today, it was kind of obvious from the optimism it showed in the last 2 days. The first thing it did today morning was to take support from the 43566 area i.e. between 09.45 to 10.05 5mts chart link - click here At 10.40 it had a strong green candle and it looked like it was going for the next resistance area, but that momentum was cut short. Between 13.00 and 13.15 we started falling again and luckily we did not reach the SR area of 43566 to reverse. The recovery from 13.15 to close was decent enough and we gained 216pts ~ 0.5%. The main factor that kept Nifty neutral today was the outperformance by banks today, most of them would not have realized that NiftyIT lost almost a percent today. 1hr chart link - click here Looking at the 1hr TF, I am still inclined to go neutral unless we take out the 44063 resistance. To go bearish, 43253 has to be broken - in between we have 2 more support levels.
NSE:BANKNIFTY
by viswaram
BankNifty levels - Nov 28, 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