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Bankniftyoption

Postmortem on #BankNifty - 18 OCT 2022Bank nifty opened gap up at 40252 much above the resistance level of 40154. The first candle was bearish, so was the price action till 09.35. But the support level of 40154 held quite strong and there was an immediate bounce. The green candle at 09.40 almost took back the bearishness of the preceding 3 candles. For the remainder of the day, bank nifty traded in this small range and finally closing at 40303 much above the support line - indicating strength. Again it was a classic day for the 9.20 straddlers - but who would have had the stomach to do it? Eventhough BN has set a bullish tone - the further upside may look challenging. BN is unable to rally through the day - the best option it took was to gap up. Resistance are taken out by gap ups instead of intraday rally. From where i see it - its a high risk game. The gap up is usually because of a change in fundamental. Currently the only fundamental that is changing is the quarterly results. If the results look ok - banks will not rally. If the results are superb - then we can expect further upside. But if the results are weak - then the impact towards downside will be heavy. 5mts TF look bullish as the resistances are taken out on consecutive sessions 1hr TF starting to look bullish - but we need a strong close above 40700 SR level Bank nifty important support and resistance lines s1:40154, s2: 39739 r1: 40691, r2: 41312
NSE:BANKNIFTY
by viswaram
Postmortem on #BankNifty - 10 OCT 2022SPX fell 2.8% & NDQ 3.88% on friday and the handout to us today morning was not that positive. As expected bank nifty opened gap down 38461 below the support level of 38698. The first candle was bearish, closed down & may have indicated that the rest of the day will be negative. But what happened in the next 2 candles were the opposite, a hammer the 2nd candle and a bullish marubozu 3rd. The 3rd candle took out the now resistance indicating the day will not be negative but will trade above the 38698 level. And what happened from 10.10 to 12.50 was magic, for a moment i thought bank nifty is really on drugs. How does it find the strength to rally 700+ points on a negative macro day. Notice the price action between 12.30 to 13.00 below, it was right at the resistance level of 39326. BN did not break this resistance and then reversed course to a nice fall till 14.10. From 14.15 to close, BN regained some strength and closed quite strong according to me. Due to the rally today, the IVs were dropping and i could not really enter into any trade. I was expecting the option premiums to double and the IVs to skyrocket - but that did not happen. The traded volume on options were higher, but the premiums were lower indicating a range bound expiry so far this week. However these dynamics can change if the support or resistance is broken - you know how easy it is for bank nifty to send the options premium to the sky. Rs10 to Rs160 will not take even an hour. 5mts TF - does not show bearishness yet. The current pattern shows consolidation with a bullish bias 1hr TF also does not show the bearishness yet - price consolidation at current levels is what i infer Bank nifty important support and resistance liness1:38698, s2: 37946r1: 39326, r2: 39739 Thanks for reading Viswaram Finance! Subscribe for free to receive new posts and support my work.
NSE:BANKNIFTY
by viswaram
Banknifty Spot chart analysis for 11.07.2022Banknifty standing just above a strong support of 35077. if banknifty moves above from where it left off then it may also cross 35304 and may reach to the level of 35510. between 35510 to 35722 is also an extremely strong resistance zone. If Bank Nifty crosses over 35722 then it may reach to the level of 35934. if banknifty crosses down below 35077 then it may also cross 34858 and may reach to the level of 34644. if banknifty crosses down below 34644 then it may also cross 34458 and may reach to the level of 34277. If banknifty crosses down 34277 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 35934 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
BankNifty Daily Levels Update For Option Day Trading BankNifty Possible Trade for Tomorrow (BankNifty me Kal Konsa Trade Le sakte hai ) Niftybank Possible Trade in F&O When to Buy Call Option in Niftybank – Trade Entry – If Niftybank Sustain Above Support Zone (33230 – 33178) You Can Buy ATM CALL OPTION Trade Target – For upside First Target for Niftybank is 33400 and Second Target is 33500 Trade Stoploss – If any 30 min candle Closes Below 33178 or max .35 Points When to Buy Put Option in Niftybank – Put Side First Trade Trade Entry – If Niftybank Sustain below Resistance Zone (33230 – 33178 ) Trade Target – For Down side Tomorrow First Target for Niftybank is 32950 & Second Taarget is 32650 Trade Stoploss – If any 30 min candle Closes Above 33230 or max . 35 Points
NSE:BANKNIFTY
by manojshinde27
1
#BankNifty-07/06/2022-LevelsHello Traders, +++++++++++ #BankNifty-07/06/2022-Levels ------------------------------------- If Market Opens as a- GAP-UP: Support of PDH (BUY) – Rejection of PDH (SELL) FLAT: Support of PDH (BUY) – Rejection of PWC (SELL) GAP-DOWN: Support of S@1 (BUY) – Rejection of S@1 (SELL) _______________________ 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 ------------------------------- 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 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
#BankNifty-17/05/2022-LevelsHello Traders, +++++++++++ #BankNifty-17/05/2022-Levels ------------------------------------- If Market Opens as a- GAP-UP: Support of R@2 (BUY) – Rejection of PDH (SELL) FLAT: Support of R@2 (BUY) – Rejection of IMP (SELL) GAP-DOWN: Support of IMP (BUY) – Rejection of IMP (SELL) _______________________ 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 ------------------------------- PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low 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