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Bankniftylevels

BANKNIFTY Intraday Trade Setup For 23 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 23 Oct 2023 Bullish-Above 43880 Invalid-Below 43770 T- 44125 44370 Bearish-Below 43550 Invalid-Above 43660 T- 43235 42885 BANKNIFTY has closed on a bearish note with 1.28% cut last week. Apart from one day (18 Oct) the intraday momentum was sideways and bearish moves are not so so it indicates more sideways momentum in the next few sessions. However it has tested weekly swing low of 43600. Sustaining below this will initiate a larger downfall. Tomorrow's best trade scenario will be on flat opening. It has formed an inside candle in daily TF so incase 43550 is breached on a flat opening, we can witness trendy fall. 43880 is the level for upside. 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 44125 and 44370. For selling we need a 15 min candle close below 43550. T- 43235 and 42885. 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.
NSE:BANKNIFTY
by Omahto
Banknifty weekly analysis for 23/10/23.Banknifty has crossed the previous week low and closed losing 560 points lower on the weekly charts. It has closed below the 20 ema of weekly charts which signifies some negativity in the market. The market now has a support level around 43400 as it has started trading below the previous low formed by banknifty. On the daily charts, the market has form an inside candle and closed between both the moving averages. This weekly expiry on thursday can be a trending one as it is the monthly expiry. It is trading around the low and if the low is broken there are high chances of a short term bearish move in the market. It has been facing resistance from the 20 ema, on hourly charts, and has closed between both the moving averages. In the last trading session the market has consolidated in a squeezed range. There was a nice resistance from 43800 levels which gives a high conviction in the market coming for a selling. Support :- 43580, 43420 Resistance :- 43980-44000, 44300 Banknifty has given a nice fall this week and there are high chance of a trending market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty Intraday Prediction Levels for 20 Oct 2023Banknifty Intraday Prediction Levels for 20 Oct 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line. Major Resistances- 43850,43930,43990,44060,44125,44260,44330,44510,… Major Supports- 43615,43540,43480,43410,43280,43200,43090,… These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on. 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 your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
BankNifty levels - Oct 23, 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 #october20"Good morning, friends! As of October 20th, there is no significant difference between the last session, and the global market sentiment is negative, as indicated by the Dow Jones. However, our market is bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback (23% to 38% Fibonacci level). On the other hand, if the correction breaks the immediate support level, then the correction is likely to continue. Today also the GiftNifty indicates a long gap-down, so if there are any changes in the market's direction, I will inform you in the mid-market session."
NSE:BANKNIFTY
by Manickamtraders
FASP levels for Bank Nifty 20/10/2023The FASP for BankNifty is listed for 20-10-2023. 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 Intraday Trade Setup For 20 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 20 Oct 2023 Bullish-Above 44060 Invalid-Below 43950 T- 44370 44632 Bearish-Below 43550 Invalid-Above 43660 T- 43230 42885 BANKNIFTY has closed on a slight bearish note with 0.31% cut today. It opened with a big gap down and 10 o'clock range was to be used as per trade setup. Range broke upside above 43815 and last swing low was 43686. Only problem was the breakout candle which was too big which made it not fit as per RR when the candle closed. However later it did a Re-test and gave the same strength move. It has formed an inverted hammer in daily TF so it will have some positive bias till it sustains above 43800 however buy level is above 44060. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44060 then we will long for the target of 44370 and 44635. For selling we need a 15 Min candle close below 43550. T- 43230 and 42885. 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.
NSE:BANKNIFTY
by Omahto
BankNifty levels - Oct 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!
NSE:BANKNIFTY
by sacxe
Banknifty directions and levels for #October19"Good morning, friends! As of October 19th, the global market sentiment is negative, as indicated by the Dow Jones. However, our market is moderately bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback (23% to 38% Fibonacci level). On the other hand, if the correction breaks the immediate support level, then the correction is likely to continue.
NSE:BANKNIFTY
by Manickamtraders
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BANKNIFTY Intraday Trade Setup For 19 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 19 Oct 2023 Sell_1- From 44270 Invalid-Above 44380 T- 44050 43850 Sell_2- Below 43860 Invalid-Above 43970 T- 43498 43200 BANKNIFTY has closed on a complete bearish note with 1.17% cut today. It opened flat and sell triggered as per trade setup below 44330 and hit almost both our targets. It made a low of 43862 and gave more than 450 points. Tomorrow once again index can crash if it below 43860. Best opening condition is flat or a small gap down opening. In case of a gap up index will not have that powerful bearish stance. I will ignore buying tomorrow and will plan to sell from 44270 in case of a gap up. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes below 43860 then we will short for the target of 43498 and 43200. 2nd selling can be planned from 44270 in case it is tested after gap up opening. T- 44050 and 43850. 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.
NSE:BANKNIFTY
by Omahto
18th Oct ’23 - BN leader during trend reversals - PostMortem BankNifty Expiry Analysis Between the last expiry and today, BankNifty lost 630pts and almost 82% of that came today. Interestingly the stable support level of 44068 is now breached. Remember we went below this level on 31-Aug, 04-Oct and 09-Oct and we managed to climb back every time. Will it be different this time? BankNifty Today Analysis The leader during reversals is always BankNifty and it is visible today also. Nifty had a similar opening candle, but the next few minutes were negating it and moved up. BankNifty on the other hand did not go up strongly. The fall from 44390 was almost 519pts ~ 1.17% which cut through the support of 44068 with so much ease. Remember this was the same support zone that had rejected all 4 prior fall attempts. After falling below the 44068 levels, there was no attempt to climb back - a sign that bulls may have lost control. If it stays below this level for tomorrow, the selling is just going to intensify. On the 1hr chart, the 10.15 candle that took out 422pts ~ 0.95% stands highlighted. Never before did we have such a strong candle right at the support area - going by the intensity, looks like further move may come on the downside instead of rejection. What really caused this panic selling? Not sure. Surprisingly the India VIX is still at 10.96 and US VIX is at 19.00 - the gap between them is a whopping 73.3%. Ideally, the implied volatility has to pick up for strong downward price action. A glimpse of that was very much visible in the options prices today. Going by the options flow and since we broke the support, I wish to change my stance to bearish. My first target would be 43735 and then 43519.
NSE:BANKNIFTYShort
by viswaram
Banknifty daily analysis for 19/10/23.After many weekly expiry this expiry was the one which was in favour of the option buyers. Banknifty has closed 520 points lower moving the market more then 1% down. It was struggling to sustain above 20 ema and today being the weekly expiry it gave a nice move in the first half and consolidated in the second. On the hourly charts, the market took resistance from 20 ema and came for selling, giving 422 points in single candle. The market has consolidated after a fall in the second half which shows that the market has halted. If the market fall below 43800 levels, it can test 42800 levels soon. On 15 minute chart, it has formed a bearish moving averages cross over and has closed below both the moving averages. Support :- 43870, 43680 Resistance :- 43980, 44210 Wait for the price action near the level before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BankNifty levels - Oct 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 Trade Setup For 18 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 18 Oct 2023 Bullish-Above 44590 Invalid-Below 44480 T- 44885 45120 Bearish-Below 44330 Invalid-Above 44440 T- 44040 43795 BANKNIFTY has closed with 0.42% gain today, all contributed by gap up. It was another day of sideways momentum. It opened with a big gap up and momentum was lost within 150 points range for the 1st 4 hours. Later 10 o'clock range broke downside below 44430 and gave 90 points move in favor. Tomorrow if it sustains above 44600 then we can see a good up move. Below 44330 it can give a move towards 44040 but 44200 can be a confluence gap zone. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44590 then we will long for the target of 44885-915 and 45120. For selling we need a 15 Min candle close below 44330. T- 44040 and 43795. 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.
NSE:BANKNIFTY
by Omahto
Banknifty Intraday Prediction Levels for 17 Oct 2023Banknifty Intraday Prediction Levels for 17 Oct 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line. Major Resistances- 44315,44410,44445,44510,44660,44715,… Major Supports- 44160,44100,44000,43900,43800,43700,… These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on. 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 your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
Banknifty weekly expiry analysis for 18/10/23.Banknifty on the daily time frame has given a red candle after a gap up opening and closing 180 points higher. It opened above the 20 ema but couldn't sustain above the level and closed below the level and constantly faced resistance from 44500 level. On the hourly charts, banknifty traded between both the moving averages, taking resistance from the 200 ema and support from 20 ema. Today, there was a nice sell in the market in the second half after a consolidation forming a bearish flag and pole pattern. Tomorrow is weekly expiry and last expiry has also been in the consolidation phase. If there is a trend move it can be captured by booking 80% on the target and trailing SL for the remaining 20%. On 15 minute charts, the market closed around both the moving averages. The market took support from the 200 ema and respected the 44350 level. Support :- 44330, 44210 Resistance :- 44450, 44550, 44730 Wait for the price action near the level before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BankNifty levels - Oct 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
#October17th directions and levels for Banknifty"Good morning, friends! As of October 17th, the global market sentiment is positive, as indicated by the Dow Jones. However, our market trend is in a ranging market. It may open with a gap-up, which indicates a ranging market structure. Therefore, if the market rejects the immediate resistance or if the gap-up doesn't sustain, we can expect a range market continuation. We can expect a pullback continuation only if it breaks the immediate resistance."
NSE:BANKNIFTY
by Manickamtraders
Banknifty Intraday Prediction Levels for 16 Oct 2023Banknifty Intraday Prediction Levels for 16 Oct 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line. Major Resistances- 44570,44760,44920,45120,45330,… Major Supports- 44090,43900,43760,43700,43600,43500,43420,43295,43100,42875,42680,… These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on. 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 your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
BANKNIFTY Intraday Trade Setup For 17 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 17 Oct 2023 Bullish-Above 44360 Invalid-Below 44250 T- 44600 44883 Bearish-Below 44040 Invalid-Above 44150 T- 43795 43524 BANKNIFTY has closed almost on a flat not with a minor cut of 0.14% today. Sell triggered as per trade immediately after opening, without any pullback after a big parabolic down move from last session's high. It formed a morning star immediately after breakout and hit our sl. Index momentum is still sideways, especially when seen in hourly TF. It is trading between 44750 and 43790. Tomorrow high probability trade looks in the upside if triggered. 44360 and 44040 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44360 then we will long for the target of 44600 and 44883. For selling we need a 15 min candle close below 44040. T- 43790 and 43524. 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.
NSE:BANKNIFTY
by Omahto
Banknifty daily analysis for 17/10/23.Banknifty is still trading below the 20 ema and has formed another doji candle at the day close. It has given a nice move both side. In the opening it tested the lower levels and also tested the higher levels. On the hourly charts, the market tested the 20 ema, facing resistance from the levels and closed almost flat. Ongoing market is for the option seller as there is time decay whole in option premiums. On 15 minutes charts, the market has closed below both the moving averages. Support :- 44190, 44060, 43860 Resistance :- 44560, 44740 Banknifty is volatile and there are chances of a trending move in the market. There is a good consolidation going on in the market a powerful break out or break down is about to be seen. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum