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Bankniftylong

BNF will touch 42000 tomorrow ?Hello All, Hope you are doing well. Please refer my previous idea below where it hit both targets downside and took support exactly at 41300 thus forming a double bottom along with 28th Oct low. This support gave almost 300 points. If at all there is a gap-up 42000 can be hit. HDFC has solid green today and currently at resistance. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
NSE:BANKNIFTYLong
by tmvinoth3
Expiry intraday levelsHello All, Hope everyone are doing great. Please find my previous related idea where I mentioned about the consolidation that was happening from Diwali 24 Oct till yesterday. Somehow that range had broken yesterday and retested today. There is no great momentum today but if market sustains this level can go higher levels. Expecting slight gapup tomorrow but due to expiry it might not be effective. Hope you like the analysis. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
NSE:BANKNIFTYLong
by tmvinoth3
BankNifty Daily Levels Update For Option Day Trading Technical Analysis – For Trading Support Zones For BankNifty Intraday Trading First Support Zone For BankNifty –          ( 41115 – 41145) Second Support Zone For BankNifty –     (  40866 – 40896 ) Third Support Zone For Banknifty   -        (  40620 – 40651 ) Forth Support Zone For Banknifty   -        (  40485 – 40508 ) Resistance  Zones For BankNifty Intraday Trading First Resistance  Zone For BankNifty –        ( 41370 – 41345 ) Second Resistance  Zone For BankNifty –    (  41552 - 41528   ) Third Resistance Zone For BankNifty     -    ( 41672 – 41658   ) Max Pain As per Option Chain Analysis –  42600 PCR ratio as per Option Chain Analysis – 0.84 ( Bullish )
NSE:BANKNIFTYLong
by manojshinde27
50 and 200 EMA crossover in 1 hourHello All, Please find the related idea below where it breached 39700 level. We have a triangle pattern forming and 50, 200 EMA crossover. Usually EMA crossover in larger timeframe works effectively if you refer previous crossovers. Expecting to breach 40400 tomorrow Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade
NSE:BANKNIFTYLong
by tmvinoth3
Postmortem on #BankNifty - 17 OCT 2022Bank nifty opened right at the support level, made a hammer kind of pattern in the first candle. The next candle close was above the support line and then the next 2 candles were of strong bearishness. Looking at the first 20mts of trade i strongly felt bank nifty may trade lower. But what really happened was a strong rally from 09.35 to 10.20. This is quite contrary to the US market closing on Friday - S&P500 fell 2.37%, NASDAQ 3.1%. Almost all of the market participants would have expected the Indian indices to close in red - but again we have seen a sheer outperformance. Bank nifty traded in a range from 10.25 to 14.50 before finally breaking away from the resistance line and closing higher. Maybe one reason of bank nifty outperformance could be because of the results from HDFCBank - other banks like SBI, ICICI Bank would have generated a buying interest expecting a similar or better quarterly results. 5mts TF shows continuation in bullish trend as another resistance line has been broken 1hr TF starting to show bullishness again because the resistance broken. But until 40200 level is not taken out we cannot confirm. Bank nifty important support and resistance lines s1:39739, s2: 39326 r1: 40154, r2: 40691
NSE:BANKNIFTYLong
by viswaram
Postmortem on #BankNifty - 13 OCT 2022 - Weekly Expiry Bank nifty opened a bit gap down at 38957 and till 09.50 it was failing to close the gap or trade higher. Remember yesterday we discussed that the top made on 12th did not break the swing high of 11th - read here. It proved that the final hour of yesterday’s close was basically short covering and not fresh longs. The opening 30mts today gave all those who covered yesterday another opportunity to go short - and it worked. Banknifty fell from 09.50 to 10.30 the first leg, broke the support line of 38698. It spent 8 candles in the SR region and then broke down again from 11.10 to 11.55. What was expected is the pullback to the SR region ie from 12.00 to 12.55. And what was totally unexpected was the break through the resistance line ie from 13.50 to 14.45. It took me by surprise, i wasnt expecting BN to go higher than the resistance line but it went through anyway. The move from 14.45 to 15.05 made real sense - and i would say BN was saved by the bell today. I had some 38500 PE buy positions that went to zero - had there been some more time - it would have worked out very well. Anyways its about respecting the support & resistance levels and no body can predict the exact closing levels with 100% accuracy. 5mts TF shows range bound trade with a small bearish slope, mostly because the support level has been broken 1hr TF shows range bound trade only - no bearish trend yet Bank nifty important support and resistance lines s1:37946, s2: 37247 r1: 38698, r2: 39326 Thanks for reading Viswaram Finance! Subscribe for free to receive new posts and support my work.
NSE:BANKNIFTYShort
by viswaram
BNF heading to 39700 ?Hello All, Please find the related idea below where it touched 39100. Today market has opened with +73 points and the momentum continued till 38900. After that market has range bound traded between 38700 to 38900 levels till 1:55 PM. Exactly at 2 PM 38900 level breached and it went to 39100. To summarise it market just tallied the yesterday down move. Yesterday close -420 and today close +406. Also we have double bottom at level 38600 if it breaks will get another 500 points. On downside 38800 act as immediate support and followed by 38600 is strong support. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade
NSE:BANKNIFTYLong
by tmvinoth3
BNF will touch 40400 ?Hello All, Nice falling channel has been forming and it’s currently at breakout stage. If it happens then it will go to 39700 and 40400 levels. Otherwise a correction will happen which might go to the lower levels 38000, 37500 and 36800. But in long term we can see good bullish momentum and will break the all time high. Please check the related idea below where you can find nifty analysis. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
NSE:BANKNIFTYLong
by tmvinoth3
Bank nifty Intraday levels for 29.09.2022Resistance Level: 38189.45 Support Level:37550.80 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. Note: pls check my previous day idea for better understanding |& how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
NSE:BANKNIFTY
by AATHIE
Banknifty will touch 39700 again ?Hello All, Please refer my previous related idea where both side targets have been achieved and the next targets are still open. Today BNF opened with +200 pts and profits booked sooner but overall yesterday and today structure seems like falling channel which more likely to break on upper side. Please refer the levels on chart. We are seeing selling 2500 points from 22nd Sep with the head and shoulder pattern breakout and FED interest rate hike warnings. Dow Jones opened with +300pts and immediately profits booked but it keeping the positive momentum let’s see how it closes. FII has sold 2800 cr and DII has bought 3500 cr. This shows increase of buying and last few days DII not even bought for 10% of what FII sold. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
NSE:BANKNIFTYLong
by tmvinoth3
BankNifty Future Key Trading Levels for 16th Aug 2022 BankNifty Future Key Trading Levels for 16th Aug 2022 Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:BANKNIFTY1!
by sbkurandwad77