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Bankniftylevels

Banknifty Intraday Prediction Levels for 2 Nov 2023Banknifty Intraday Prediction Levels for 2 Nov 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- 42800,42895,42980,43095,43150,43250,43300,43440,43530,43620,.. Major Supports- 42560,42460,42370,42370,42280,42190,42080,42000,… 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 Live Intraday Updates 02-11-2023 !Banknifty important levels to watch are as follows #Support: 42990 Sell below: 42990 only on 15 minute candle closure below the level. Target 1: 42850 Target 2: 42670 #Resistance: 43200 Buy Above: 43200 only on 15 minute candle closure Above the level. Target 1: 43325 Target 2: 43450 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:BANKNIFTY
by InvestyourAsset
2
BankNifty levels - Nov 3, 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 direction and levels for NOV 2"Good morning, friends! As of November 2, the global market sentiment is bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bearish trend. It may open with a long gap-down start because the Giftnifty indicates 150+. If it opens with a long gap-up, we can expect a rally continuation when it sustains (it should break the minor 78%). On the other hand, after the gap-up, if the market rejects around the minor levels of 61 or 78%, then we can expect a range market correction."
NSE:BANKNIFTY
by Manickamtraders
1
BANKNIFTY Intraday Trade Setup For 02 Nov 2023BANKNIFTY Intraday Trade Setup For 02 Nov 2023 Bullish-Above 42820 Invalid-Below 42710 T- 43135 43410 Bearish-Below 42580 Invalid-Above 42690 T- 42267 42050 BANKNIFTY has closed on a slight bearish note with 0.34% cut once again. It opened with a slight cut and sell triggered below 42790. It could not hit our sell target and made a low of 42590 and closed at 42700. It has formed a range of 42820 and 42580. Breakout of this range will lead a direction move as it has formed a neutral candle in daily TF. 43135 and 42267 are important resistance and support for tomorrow's session. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42820 then we will long for the target of 43135 and 43410. For selling we need a 15 Min candle close below 42580. T- 42267 and 42050. 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
1st Nov ’23 Perfect day for 9:20 straddlers BankNifty PostMortemBankNifty Weekly Expiry Analysis Between the last expiry and today, BankNifty has managed to climb 432pts ~ 1.02%. It has also managed to trade above the support/resistance of 42576. This retracement could be seen as a lower-high formation for continued selling pressure. For proof, we would need to see the 42576 getting knocked out in the upcoming sessions. BankNifty Today Analysis Unexpected, but Banknifty had a perfectly neutral price action today. Most of the trades were carried out between 42770 & 42643 today i.e. a swing range of 127pts. I can say with 70% confidence that the major reason Nifty50 did not take out its support was due to lack of participation from BankNifty today. BN only fell 0.34% today vs Nifty which fell 0.47%. BankNifty had a gap down open and its close was almost at the same level. There were 2 attempts to fall, the best one was between 12.30 to 13.15 - but the support of 42576 was respected. Being the expiry today - a flattish BankNifty would have filled the pocket of the straddlers. It is not that common to get textbook-like straddle conditions. My personal trades in BankNifty did not last long as the premiums were dropping pretty quickly. I switched back to Nifty50 when its OTM had juice left. Also, remember - when the index is perfectly flat with no volatility - the OTM premiums will be pretty low. I have highlighted the support/resistance points that are crowded around the spot in blue color. Till 42576 is not broken, I cannot go bearish. Not just that, it has to take out the swing low of 42105 on the same day 42576 is taken out - just to ensure that the momentum is good enough.
NSE:BANKNIFTY
by viswaram
Banknifty Live Intraday updates for 1-11-23 !BankNifty important levels to watch are as follows #Support: 42670 Sell below: 42670 only on 15 minute candle closure below the level. Target 1: 42510 Target 2: 42300 #Resistance: 42815 Buy Above: 42815 only on 15 minute candle closure Above the level. Target 1: 42920 Target 2: 43020 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:BANKNIFTY
by InvestyourAsset
BankNifty levels - Nov 2, 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
1
Banknifty daily analysis for 31/10/23.Banknifty has tested 38.2% fib level but is still closed below the fibonacci level. It has given a bullish engulfing candle after testing the low of 42400 it has given close above 43k level. Chance are of testing the 200 ema on the daily front. On the hourly charts, the market has closed between both the moving averages and is around the resistance level of 43100. If the market start moving upwards the targets will be the retest of 50 and 61.8 fib level. Market will form a "W" pattern before moving upward or it will give another bearish leg retesting the levels. Support :- 42800, 42400 Resistance :- 43100, 43370 Wait for the price action near the level before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
#Banknifty direction and levels for NOV 1st"Good morning, friends! As of November 1st, there is no significant difference between the last session, and the global market sentiment is moderately bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bullish trend. It may open with a neutral to slightly gap-down start. There is a 5th correctional wave, so if the gap-down sustains, we can expect correction continuation. On the other hand, if a pullback occurs followed by a gap-down, we can anticipate a range market between yesterday's high and the Fibonacci level of 61%."
NSE:BANKNIFTYShort
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 01 Nov 2023BANKNIFTY Intraday Trade Setup For 01 Nov 2023 Bullish-Above 43130 Invalid-Below 43020 T- 43410 43760 Bearish-Below 42790 Invalid-Above 42900 T- 42538 42280 BANKNIFTY has closed on a bearish note with 0.45% cut today. It was 0.382/0.5 rejection day of the parabolic fall from 44600. Today's high near 43400 will be an important hourly swing high for a reversal structure. Tomorrow 43130 will be important level to decide the bullish momentum. Below 42790 we can expect some bearish momentum. 43410 will be an important resistance zone and 42200 zone will be support zone. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43130 then we will long for the target of 43410 and 43760. For selling we need a 15 Min candle close below 42790. T- 42538 and 42280-300. 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
FASP levels for Bank Nifty 01/11/2023The FASP for BankNifty is listed for 01-11-2023. 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 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 oct31"Good morning, friends! As of October 31st, the global market sentiment is moderately bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bullish trend. It may open with a neutral to slightly gap-down start. After that, if a pullback occurs, we can anticipate a continuation of the pullback. On the other hand, there is a sub-wave 4th in progress, so if it undergoes a correction, we can complete it and expect a 5th correction. However, it should break the Fibonacci level of 38%. If it does break the 38% level, we can consider this as the 5th correction (5th in a 5-sub-wave structure)."
NSE:BANKNIFTY
by Manickamtraders
Markets are highly oversold, A sizable Recovery is possible.Good Morning Everyone. Guy's we have seen follow up selling in last few day's, but i think there should be stop now for sometime. I am not exactly saying that bottom has been made, but as market are highly oversold, A Sizable recovery in definitely possible. And today we can see some buying from lower levels. In yesterday session we also have seen Nifty and Bank nifty has taken support and did not make any other new lows in downside. There is higher chances we can see upside momentum in today's session. Let's see how we are gonna to see today. We are gonna to sale Banknifty below only 42075. And then keep stop loss of our buying range and keep target atleast 1:1 or 1:2. Important Levels for Banknifty:- Intraday support zone 42000-42100 Intraday resistance zone 42700-42800 Buy above 42360 if levels sustains at least for 30 Mints. Keep stop loss at 42075, and Targets we can see 42708/43116 Note:- These targets are for today and tomorrow. Don't expect in one day, in case these both targets comes today then enjoy it's a jackpot. 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. Thankyou
NSE:BANKNIFTYLong
by TraderRahulPal
BANK NIFTY FUT | 31 OCT 23AS WE CAN SEE THAT BANKNIFTY HAS TAKEN GOOD SUPPORT FROM CHANNEL BOTTOM i.e 42088, REMEMBER ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 31 OCT,23 BELOW FOR NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 43488 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 43800 - R2: 44055 - R3: 44355 SHORT PLAN >>>>> 🐻 - 43111 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL) - S1: 42900 - S2: 42699 - S3: 42414 PLEASE FOLLOW FOR MORE REGULAR UPDATES. QUOTE FOR THE DAY : “Every battle is won or lost before it’s ever fought” – Sun Tzu 📌📌📌📌📌 Disclaimer - I am not SEBI Registered Research Analyst or Investment Advisor. All Information provided above are just for Education purpose only . They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investments.
NSE:BANKNIFTY1!
by Omkar9992