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Bankniftyoption

6th Nov ’23 - Gap-up takes out the Resistance level - BankNiftyBankNifty Analysis The only inspiration BankNifty required today was to open above the resistance zone of 43404. Gap-up open solved that problem. Since that level became the new support, we had a retest at 11.05 - but it was rejected. The beauty of the trade today was that BankNifty retested the 1st candle high at 15.10 only. And even the final closing was near those levels only. What I am trying to say is the gap-up itself gave a moral boost to the bulls, but not enough conviction. We will get momentum when the bulls beat the bears during trading hours - and since these resistance levels are getting knocked out, that should happen pretty soon. I still maintain the bullish tone for BankNifty tomorrow, but we need to take out the crucial level of 44063 soon. That is more or less the most important level for BankNifty as of now. 43864 is my first target for tomorrow followed by 44063. In case we are moving down, the first level to watch will be 43404 followed by 43253. Seems like the party for the Bears ended prematurely. Things were looking in their control till 1st Nov. If we have to fall - we might need a bigger trigger because the quarterly earnings are looking pretty good for the component stocks.
NSE:BANKNIFTYLong
by viswaram
Bank Nifty Support Resistance Levels 18Oct 1. ** Previous Market Levels: ** You mentioned that there was an exact rejection from resistance levels, and the market found support at 44371. This suggests that 44371 is an important level to watch. 2. ** Support Levels for Tomorrow (18/10/23):** - 44371 - 44200 - 44120 3. **Resistance Levels for Tomorrow (in the upside):** - 44371 (which was the previous resistance) - 44532 - 44713 4. **Trading Plan:** You suggested a buying plan based on whether the market opens gap down or flat: - If the market opens flat and above 44532, consider planning a buying strategy. - If the market opens below 44532, consider other levels.
NSE:BANKNIFTYLong
by santubittu
bankniftyas conslidation areas are uncertain 60% nutral 40% upside todays market nutral as expected to gain theta of buyers there are a few sellers in the market at the flip zone if market starts up avoid it as it will creat lequidity for sellers to enter and trap them in the process.in a range bound market if starts below then a sweep of major buyer zone will create tarp for sellers and gain lequidity to go upside so a nutral markets where market traps everyone to go up sound probeble. but a bull markets as the are no sellers and a trapped buyers and a exit from the buyers will creat lequidity for market to go up sound fair.
NSE:BANKNIFTY
by samantamonojit98
5
13 Sep ’23 Post Mortem on BankNifty - weekly expiry special BankNifty Weekly Analysis Between the last expiry and today BankNifty has gone up an impressive 3.2% ~ 1422pts. Quite a remarkable feat and the major reason why we had a breakout rally. The weekly chart looks pretty loaded up for further gains. BankNifty Today’s Analysis Yesterday I remember saying the “rally is still not dead in banknifty” although my view was only moderately bullish. But what we witnessed today was strong bullishness proving me wrong. Today’s intraday swing saw a move of 692pts ~ 1.53% and outperforming the NiftyIT index by a huge margin. Since we had the weekly expiry today, the options premium started on the lower side. Even though the upward possibility was there, it did not show itself till 11.00. Right after that the option prices started to jump pricing in the mega move that followed. The advantage of using the options flow to guess direction is that it helps you guess the direction with a higher probability. If you club that with the chart patterns - the combination becomes unbeatable. On the 1hr chart the next resistance should be around the 46302 levels whereas the next support will be 45615. I wish to stay moderately bullish ie. 50% bullish & 50% neutral until the resistance is not taken out. In case we have a beach in support - I wish to go short.
NSE:BANKNIFTYLong
by viswaram
As Per Data Market BearishAs Per Option Data Market Show Bearish . so Whats Plan For Tommrow If you Are a New Trader then I recommend not trading on Friday. Tomorrow's Market More Interesting As Per data CE Writer Today More At 44000 current Condition CE Writer Greater Then Pe Writer and Also Retail Full Bearish At Future/ce/pe DII Future Bearish FII CE Bearish What Is The Main Support Zone For Tomorrow in Bank Nifty 44000 is a Big Support For Bank nifty if Market Again Tomorrow then More Fall is possible In Upper Side market have To Much Resistance 44200/44300/44400/ We Only See a Good Move Above 44200 for Buying In Downside if the market Sustence Below 44000 then i not taking any support nearby
NSE:BANKNIFTYShort
by santubittu
Market Can Bullish Above This LineFor Bank nifty Market Need To Break 44300 and trade Abve This Then We Can Consider a Buying Side Entry Otherwise We Avoid This. If Market Again Trade Mention This Levels then Don't Want To Trade Just Wait For Break out and Break Down . If Again Market Break Downside Support Zone 44100 and Then 44000 Then the Downside is More Possible Upto 44900. AS PER OI Data 44200/44100/ Make Support PUT Writer Write In Fri day and Big Support Zone 44000 if break Market then PUT Writer Booked Their Loss And Market Fall Down More. Wait For Break Out and Break Down Otherwise No Trade
NSE:BANKNIFTY
by santubittu
Banknifty future chart analysis for 18.08.2023As you can see here that price continously closing near Median line , thatswhy you are not getting proper move in banknifty , this is the fifth time it closed near Median line, but with a squeeze in bollinger band , you may see a nice move today price do not face resistance at 44149 or support at 43919, if it retraces back from 44149 , or bounce back from 43919 , then you may see sideways again. If price goes below 43919, then you can see a good downmove and price may reach to the level of 43646, in between 43839 is a strong support if price takes support here sqaure off your position with small profit, take trade again when it breakdown 43839. In upside if price breaks up above 44149, go long , 44262 strong resistance crossing above it may push price towards 44389.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 31.07.2023Lookslike a sideways, squeeze in bollinger band.it may take long time to burst, may be in last one hour of monday or in tuesday. Whenever market closes near median line, it remains sideway first half of the day in next trading day. and then it gives nice moves to bursted side. gap up and gap down not considered. if price goes above 45807, after breaking sideways or after spending some times below 45807, then it will reach 46010, 46010 is a super strong resistance zone price may retrace from here to reach again median line.if price crosses above 46010 then it will easily achieve 46209. if price goes below 45524 after breaking sideways then or after spending some time over 45524 then it cas esily reach to the level of 45141.
NSE:BANKNIFTY1!
by stoxway
Banknifty future chart analysis for 20.07.2023Bollinger squeeze and about to burst in 30 minute chart. if bollinger burst and price travel s upside and crosses 45816 then it may touch 45933 easily , which is a strong resistance, crossing above 45933 price may reach easily to the level of 46129. if bollinger do not burst upside and starts travelling below and crosses down below 45618 then you may see a strong down move and bollinger may burst down side. and it will achieve all its level and may be more than levels.
NSE:BANKNIFTY1!
by stoxway
17 Jul '23 Post Mortem on BankNifty up 826pts b/w 12.45 to 15.20The real move on banknifty came after HDFCBK declared its results i.e after 12.45. Till then it was happy to trade in a flattish manner. The opening 4 x 5mts candle was interesting, but the downside was also limited as there was no real selling pressure. Once the HDFCBK results were out, banknifty started surging. Even other banks also joined the party. We went up 826pts ~ 1.85% between 12.45 to 15.20. Once it crossed the 45000 level - it was like it found some additional firepower. Most of them would have missed the counterbalance move in NiftyIT. It fell over 2.26% ~ 715pts during the period when banknifty was gaining. This might be to keep nifty50 in a tight range. On Friday we discussed how the breakout from the bearish trend line would give banknifty momentum. Today was an example of that, even though enticing - I did not build up long position in banknifty today. Thought will reserve the funds for the FinNifty expiry tomorrow.
NSE:BANKNIFTYLong
by viswaram
11 Jul ’23 Post Mortem on BankNifty - A lower low formation?Banknifty had a classic bearish pattern today. Opening gap up which was due to positive handout from global markets, then a rally of 205pts till 12.05. From there BN really lost the cool and was falling heavily. We had a total fall of 475pts ~ 1.05% till 15.05. If you compare the same time frame with Nifty - you will understand how N50 fared better. It did fall but was having a control. HDFCBK, ICICI, SBI, AXIS looked weak in the afternoon. Till 13.30 all these banks were almost in the green level. I am not quite sure on the reason for the fall, it could be due to Finnifty Expiry. However the options data was showing outright bearishness in the afternoon session. A lower low formation and breach of the 44780 level (even for a brief period) could open up the downside possibilities in the coming days. It may even restrict Nifty50's upside dreams.
NSE:BANKNIFTYShort
by viswaram
Banknifty future chart analysis for 04.07.2023As i told you all in my previous analysis of Banknifty that it will reach pretty high, whenever Bollinger Band bursts , if price reaches already near standard deviation 3 , or within a day or two it reaches near standard deviation 3 , then price do not falls, it takes support of standard deviation 3 and goes much higher along with standard deviation 3, untill it closes below standard deviation 2,there is a high chance that tomorrow you may see a very tiny little day candle or narrow sideway,
NSE:BANKNIFTY1!
by stoxway
BankNifty-10/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-10/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 40942 - 40973 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP - SIDE then BUY with the Support of R and SELL with the Rejection of R. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility : GAP-UP If market open as a GAP-UP and moves to UP-Side then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 3: GAP-DOWN If market open as a GAP - DOWN and moves to UP-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- 0.5-> 0.5% Swing PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PDO-> Previous Day Open PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:BANKNIFTY
by SriTrader5121
PostMortem on BankNifty Today & Analysis of 17 Mar 2023The trades till 14.20 was kind of predictable, but the last 1 hour was really special. NSE:BANKNIFTY got wings ! The open was gap up at 39442 and then we started dropping gradually. At around 10.00 i posted "$BANKNIFTY PE premiums are unusually high ! either traders expecting huge downside today or maybe its good time for PE credit spread" in the bank nifty minds. Looking at the PE premiums i felt the market was preparing for the down move and rightly it moved down 1.7% ~ 673pts from the high of the day till 13.00. The PE premiums elevated further from 10.00 giving the confidence that markets are falling. Remember in yesterday's report i was quite surprised with the moves from 12.35 to close? - read here. Today's first 4 hours were spent in undoing those moves. Most likely it would have been the positions that were taken yesterday to stabilize the expiry that got unwound today. The segment highlighted in cyan color is the build up & the unwinding that would have happened. But just looking at the option data, i felt we may not break down further, i posted at 13.25 that "$BANKNIFTY CE credit spreads are not getting written aggressively so i prefer not to short this market until the smart money moves in" The logic being traders who feel the markets will go lower will start writing ATM calls, the surge in volumes & proportional change in premium pricing will give clues if the momentum is building. Well there were no clues as such & i avoided going short even though i was preparing if we neared the 38690 level. Luckily i escaped a stop loss hit if i had gone short. The moves from 14.30 to close were too difficult to comprehend. All the major banks rose with solid gains in volumes showing a trend. NSE:BANKNIFTY rose 1.87% ~ 727pts to close the day strong. The news of HDFC-HDFCBK merger may have aided the strong momentum.
NSE:BANKNIFTY
by viswaram