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Bankniftyoptions

06 Sep ’23 Post Mortem on BankNifty & Weekly Expiry AnalysisBankNifty Weekly Expiry Analysis Between the last expiry and today, banknifty got only 4 trading sessions. The last expiry was on Thursday and from this series we have weekly expiries on Wednesdays now. We have gone up by 405pts ~ 0.92pts although the chart doesnt give you that impression BankNifty Today Analysis Banknifty had some strange price behaviour today. Firstly it was its first independent expiry after having moved out from Thursdays to Wednesdays. Strange because except HDFCBK every other bank was in the red. Price wise we fell 0.83% ~ 368pts with the low point being 44207. HDFCBK with its 41% weightage on banknifty can single handedly dictate the terms. Firstly I am not very sure all the banks were falling today & HDFCBK outperforming by a huge margin. This screenshot was taken at 11.54 and see the anomaly. On the 1hr TF banknifty is still respecting the triple top formation made on the descending trend line. I had a neutral call yesterday and would like to maintain the neutral stance till this status quo is maintained. If BN falls below 44068, I would prefer to go bearish. And if it goes past 44900 we can expect more bullishness.
NSE:BANKNIFTY
by viswaram
Banknifty daily analysis for 07/09/23.Banknifty has given a gravestone doji again and closed 123 poinnts lower. It has been trading around the 20 ema. The market has retested the 50% fibnocci level and retraced back in the last hour of the trading session. On the hourly charts, traded around the moving averages and gave a break down. During the last hour market recover and took resistance from the 200 ema, closing between both the moving averages. It created a base around 44250 levels and formed a morning star pattern. There is a U-shape recovery, on 15 minutes chart, which shows some bullishness in the market. There are chance of a bullish moving averages cross over on the smaller time frame as botht the moving averages are close by. Now market has closed around 44400 levels which give space for banknifty to move and either give a break out or break down. Support :- 44350, 44250, 44100 Resistance :- 44550, 44660, 44750 Banknifty on the weekly expiry showed some movement and during the last hour there was a volatile market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
2
Banknifty Expiry TradeSetup for 06-09-2023Banknifty important levels to watch are as follows #Support: 44445 Sell below: 44445 only on 15 minute candle closure below the level. Target 1: 44320 Target 2: 44200 #Resistance: 44575 Buy Above: 44575 only on 15 minute candle closure Above the level. Target 1: 44650 Target 2: 44780 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:BANKNIFTY
by InvestyourAsset
05 Sep ’23 Post Mortem on BankNifty - Neutral till 44900 brokenBankNifty Analysis Although having all the conditions in its favor, BankNifty did not rally today. The 5mts candle at 10.15 which took out 115pts was trying to tell a story. In fact we dropped a total of 267pts from the high to the low of the day. From the lows BN managed to climb back 140+ points but I am still unable to decode the directional intent. That is mainly because on the 1hr TF, Banknifty has almost made a triple top kind of pattern on a descending line. I wish to maintain my neutral stance for tomorrow and wish to go bullish if 44900 is getting taken out tomorrow. If we drop to 44068 levels, I would prefer to wear the bearish shorts again.
NSE:BANKNIFTY
by viswaram
Banknifty weeky expiry analysis for 06/09/23.Banknifty weekly expiry has changed from thursday to wednesday. Option trades watch the option premium as they will expiry tomorrow. On the daily charts, market has again tested the 20 ema and has formed an inside candle. Market again after a gap up opening came for selling and closed 65 points lower. On the hourly charts, it tested both the moving averages and recover touching the lower one. The market in the second half didn't gave any move and created volatility. Banknifty has consolidated in a range of 2 trading session and tomorrow being it expiry, it can give a nice move. Be watchful as Indian Vix is still on the lower side trading around 10. It traded around the 20 ema, on 15 minutes, and closed just above the level. Support :- 44250-44440, 44100 Resistance :- 44650, 44750, 44910 The big zone on 100 points on the lower side is crucial as it has been giving support to the market. Let the market break this zone, if you wanna go bearish. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty daily analysis for 05/09/23.There was gap filling trade in the very first hour of the session and after that market slowly started to gain up side momentum. Banknifty tested the 20 ema on daily charts and has finally closed above the levels. On the hourly charts, it took support around 200 ema and couldn't clear the 19600 level and constantly took rejection from the level. Trending market are not be seen in last few days. Just watch the market and create small position as to preserve your capital On 15 minute time frame, market took support from 20 and 200 averages in a single candle and reversed forming a morning star pattern. Support :- 44330, 44100 Resistance :-44590, 44750, 44910 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty Intraday TradeSetup for 04-09-2023Banknifty important levels to watch are as follows #Support: 44400 Sell below: 44400 only on 15 minute candle closure below the level. Target 1: 44200 Target 2: 43960 #Resistance: 44570 Buy Above: 44570 only on 15 minute candle closure Above the level. Target 1: 44740 Target 2: 44960 #Demand Zone: 43700-43950 may act as a strong buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 44820-44960 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:BANKNIFTY
by InvestyourAsset
Banknifty weekly analysis for 04/09/23.Banknifty has been facing rejection from 38.2% fibonacci levels and this week also it has retraced after touching the level. Though, the market has travelled around 44800 levels but couldn't sustain the levels and has closed below 44500 level. There is another doji on the weekly charts and the market is still not showing some conviction of the trend. There was a constant struggle in crossing 20 ema on the daily charts and still the market has closed near the level. There is a bullish engulfing candle and many time banknifty has reversed after testing 44000 levels. On the hourly chart, there is a struggle in crossing 200 ema and has closed between both the moving averages. There are chance of a bullish move this week as there is a G-20 meeting. The market will take a little pull back as the it has travelled a lot in one direction. On 15 minute time frame, market has closed above both the moving averages and has retested the support level of 44350 after a rejection from 44570 levels. There are chance of moving going bullish even after a gap up opening as the retracement is done. Support :- 44350, 44080 Resistance :- 44570-90, 44910 Watch for a trending move in the market as a good consolidation is done and a nice break out can be seen. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty daily analysis for 01/09/23.Banknifty retested the 20 ema and again came for selling. During the opening hour market was volatile and formed a doji. After the retest market came for selling and touched 44000 levels and recovered. The market has closed 240 points lower. On the hourly charts, it traded below the moving averages and closed below it. It has taken a good support around 44000 levels and is still around it. On 15 minute time frame, the market took rejection from 200 ema and after took resistance from 20 ema. The market has closed below both the moving averages. The market for 2 consecutive day has given a fall and being a monthly expiry market didn't give much move in the second half of the session. Support :- 43950, 43750 Resistance :- 44100, 44350 The market has show some sell off in last 2 session and it may take a halt, if there is a gap up opening. Otherwise, it can again come for selling. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
30 Aug ’23 Post Mortem on BankNifty - Jio Fin starts Insurance?BankNifty Analysis The intensity of the fall was much more profound on BankNifty rather than Nifty. Right from the gap-up open the CE options premiums were commanding more premium than usual indicating a strong directional move. As soon as banknifty started falling this elevated premiums went away further indicating that the trader’s expectations were not matching. I would like to see the move as more of a long unwinding rather than fresh shorting due to this observation. We had a total intraday fall of 1.39% ~ 623pts. When the banks started falling, I thought it might be some news related to Jio Financials. With the funding and tie-ups they could even start a lending business along with the insurance. Since they have the Blackrock tie-up, starting a broking service is also quite feasible. On the 1hr TF, banknifty has just made a M pattern (double top) with a common support point. This makes the directional move probability for tomorrow quite lit up. I wish to stay neutral as long as the 44068 support is held, below which I would like to go short. To go long 44800 has to be broken again.
NSE:BANKNIFTY
by viswaram
Banknifty monthly expiry analysis for 31/08/23.Banknifty is way more bearish than nifty. It has again not sustained the gap up and came for selling from the first hour of the session. The market is unable to close above the 20 ema and has agian closed below the levels after a gap up. It lost around 600 points from day high, the second half of the market gave a 400 points downside move, closing 260 points lower. On the hourly charts, market has closed below both the moving averages and took support around 44200 level. Today's daily candle has formed a engulfing candle and the RSI indicator is also showing some bearish divergence. Banknifty is trading in a wide range and is coming for selling as the buyer are getting exhausting on those levels. The seller seems to be promising and can take market down. Watch for the swing of 43400 to break for a short bearish trend. Tomorrow is a monthly expiry and banknifty can give a nice trending market has it has been consolidating. Tomorrow can be a day of option buyer. Bearish trades should be carried on with partial booking and trailing stop loss. Support :- 44170, 44000 Resistance :- 44350, 44500 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty daily analysis for 30/08/23.Banknifty is constantly struggling to clear the 20 ema and today also after a gap up opening it has closed near to the moving average. The market is not going in a flow and is creating volatility. Option seller are making profits while option buyer are not getting much opportunity. On the hourly charts, it has closed between both the moving averages and has taking support from 20 ema. Trades will be there once the trend is decided in the markets. On 15 minutes chart, market has closed between both the moving averages and is close to the 20 ema. There are sellers around 44600 levels which pushing market down. Banknifty is still holding the levels of 44500 and has closed flat. Support :- 44480, 44350, 44180 Resistance :- 44580, 44700 Support and resistance are nearby that will not give a good R:R ratio for option buyers. Trades should be initiated once the market clear the range of 44350-44700. In between there will be a volatile market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
FASP levels for Bank Nifty 29/08/2023The FASP for BankNifty is listed for 29-08-2023. 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
28 Aug ’23 Post Mortem on BankNifty - support respected, bullishBanknifty was in tremendous form today, it seemed like it came prepared to rally today. Even though point wise we had only a 403pts ~ 0.91% intraday swing, the context was so important. Firstly banknifty defended the 44068 support below which it would have got a serious bearish bias. Secondly we had a breakout on 24th Aug where we went up till 44949. Today’s price action gave hope & meaning to it. Banknifty usually reacts first in a trend change, most likely if we have a strong session tomorrow due to Finnifty expiry (mostly banks) then Nifty is also likely to breakout from the bearish channel. On the 1hr chart Banknifty has broken out from the falling wedge and also rejected the support @ 44068. I wish to look out for bullish opportunities for tomorrow as long as the current structure is maintained. A breach of support 44068 will force me to change stance from bullish to bearish.
NSE:BANKNIFTYLong
by viswaram
Banknifty daily analysis for 29/08/23.Banknifty looked positive today and has closed above the round level of 44500, closing 260 above. Still market faced rejection from 20 ema and has closed just below the levels. Though the market has formed a green candle, this might be a retracement of the previous swing for another bearish move. Market is standing around the 61.8% fib levels and has not closed above the levels. On the hourly charts, market has closed between both the moving averages and is taking resistance from 200 ema. There is not clear trend in the market. Watch for a clearer view to enter the trades. On 15 minute time frame, there is a bullish moving averages cross over and has closed above both the EMAs. Support :- 44480, 44350, 44182 Reesistance :- 44550, 44690 Market are approaching the monthly expiry and hasn't moved much in previous trading session. There will be a momentum in coming session. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty Tradesetup for 28-08-2023Banknifty important levels to watch are as follows #Support: 44138 Sell below: 44138 only on 15 minute candle closure below the level. scalpers may short below 44200 only for scalping. Target 1: 44000 Target 2: 43880 Target 3: 43780 #Resistance: 44356 Buy Above: 44356 only on 15 minute candle closure Above the level. Target 1: 44490 Target 2: 44670 #Demand Zone: 43950-44000 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 44300-44350 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:BANKNIFTY
by InvestyourAsset
Banknifty weekly view for 28/08/23.Banknifty has formed a gravestone doji after retesting 50% fibonacci level of the recent swing. It has retest the upper levels after taking support from the 20 ema on weekly charts and is trading above the level. On the daily charts, the market has been trading below the 20 ema and hasn't closed above the moving averages. There was a gap up opening above the moving averages but it couldn't sustain above the level and closed below it. Banknifty has some support cushion below and there will be a good sell off once market start trading below 43400 levels which is the previous swing low. On the hourly charts, in the last trading session, market traded below both the moving averages. It took support around 44000 levels and recover quickly after testing the levels and remained volatile after the sudden boom. There is Cup and handle formation, on 15 minutes charts. The moving averages are close enough and market has closed below both the moving averages. Support :- 44000, 43750 Resistance :- 44475, 44690 The markets are still volatile and even on the last trading session didn't gave any trending move. Watch markets carefully as the support and resistance are nearby. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade