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Bankniftyoptions

Banknifty daily analysis for 14/07/23.Market today has closed flat. In the morning even after a gap up market tried to cross and sustain above 45k levels but couldn't sustain and there was a sell off in the second half given nice sell opportunity. Option premium on the PE side gained almost 200%. Today was option buyers day and a trending market in the second half. Banknifty lost around 500 points from the day high and started closing below 44700 level (previous support). On the hourly charts, market are unable to sustain above 20 ema. On the smaller time frame, moving averages close enough and are converging and diverging. There is a bearish move in the banknifty as it is not crossing the previous high and lower high lower low formation is going on. Support :- 44610, 44450 Resistance :- 44780, 45060 While moving up market has formed many gaps and it is filling it slowly. If the market start trading below 44600 levels, 44500 levels will be tested. Buyer and seller are still in confusion where to take the market. Let there be a trend and follow it. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
12 Jul '23 Post Mortem on BankNifty - negate bearish pattern?You wont believe banknifty only fell 0.24% vs Nifty50 0.28%. But if you look the chart pattern, the feeling you get is total bearishness. This is mostly due to the previous session's price action & a continuing lower high pattern. The 09.20 candle itself fell by 162pts, and then the late selling adjustments in HDFCBK, ICICI, SBI & profit taking in Kotak Bank all led to a fall of 310pts between 14.40 to 15.10. Since HDFC is getting delisted, a minor was fall was expected as all the future dated expiries will end today. This will also lead to price correction on HDFCBK to maintain the ratio arbitrage. How tomorrow is going to shape up is still remains a mystery, during the closing hours there was immense shorts getting written at CE side. If Banknifty has to support Nifty50 then it needs to break out from the lower high pattern. Hoping tomorrow's expiry will be a volatile one!
NSE:BANKNIFTYShort
by viswaram
Banknifty daily analysis for 13/07/23 (weekly analysis).Banknifty today has given a consolidation and a break down in the last hour of the trading session. The market has tested the 50% fibonacci level today and is closed to the daily 20 Ema. The market is in the bullish move and can continue the up move if it reverse from the golden ratio. On the hourly charts, market has taken resistance from the 20 ema and closed between both the moving averages. The last hour candle has given some negative movement but is still following a trend line. There is a bearish moving averages cross over, on 15 minutes charts, and has constantly taken rejection from the 20o ema. Support :- 44450, 44210 Resistance :-44750-70, 44925 If there is a gap up and market continues to move up and continues to move up, there are chances of break out of the parallel channel which market is following. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
FASP levels for Bank Nifty 12/07/2023The FASP for BankNifty is listed for 12-07-2023. 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 daily analysis for 12/07/23.Banknifty fell around 400 points in the second half from the day's high but respected the support zone and closed above the 44700 levels. A nice bearish candle has been formed on the daily charts and closed 120 points lower after a gap up of same number. It tried to cross the 45k levels and sustained above it in the first half. But market took a U-turn and travelled lower touching 44660 levels. On the hourly charts, market has closed below the 20 ema and the huge red candles shows some weakness in the finance market. Support :- 44700, 44450 Resistance :- 44925, 45120 Market has formed resistances near by and the supports are still away to be tested. If the market start trading below 44700 levels, it can give 44500 as a target Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty trade setup for 10-07-2023BankNifty Important intraday levels to watch for 10-07-2023 #Support: 44840 Short if candle closes below 44840 #resistance: 45096 Long if candle closes above 45100 #Targets on downside after break of support. Target 1= 44720 Target 2= 44520 #Targets on upside after break of resistance. Target 1= 45230 Target 2= 45400 Target 3= 45650 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 Future Analysis for Tomorrow 11th JULY 2023BankNifty Future Analysis for Tomorrow 11th JuLY 2023 As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels Tomorrow, kindly check the charts on 15 min time frame and act accordingly. #IntradayLevels Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act. Follow Us For More #Updates in Future
NSE:BANKNIFTY1!
by MarkitVUE
Banknifty daily analysis for 11/07/23.Banknifty has formed a doji and has closed almost flat. Whole day market remained volatile and during second half respected the support zone of 44850-900. The market on the hourly time frame, took resistance from the 20 ema and closed below it. Banknifty was weak and tested 44700 levels. Though, it was not trending and took the SL of the option buyers. On 15 minutes time frame, market closed near the 20 ema and took serious resistance from the level. Support :- 44710, 44450 Resistance:- 44930, 45210 The markets are volatile and there is no clear trend. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty Trade Setup for 07-07-2023BankNifty Important intraday levels to watch for 07-07-2023 #Support: 45250. Short if candle closes below 45250 #resistance: 45420. Long if candle closes above 45420 #Targets on downside after break of support. Target 1= 45000 Target 2= 44720 #Targets on upside after break of resistance. Target 1= 45648 Target 2= 45750 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 daily analysis for 07/07/23.Banknifty on the daily time frame has consolidated in a range for 2-3 days and was volatile in the second half of the trading session. The market has given a bullish candle at the closing and closed 190 points higher. On hourly charts, market opened below the 20 ema but reversed and started trading above it. Even on 15 minute time frame, the market closed above the 20 ema and took support fromt the levels. Support :- 45020, 44780 Resistance :- 45360 Being the expiry there was not a trend move on the either side. Market is wait for another big move as it is consolidating. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
05 Jul '23 Post Mortem on BankNiftyBanknifty's chart was looking quite different from that of Nifty50 today. This might be because of the -3.18% fall in HDFCBK. Finnify was looking weaker as the HDFC also weighed its -3.07% loss. Earlier in the day N50 was struggling to stay green after this duo tanked. BN followed a falling channel today, the rally in last 30mts made a difference but was not standing out just like in N50. Seems like the technical analysis may not work till the HDFC-HDFCBK merger saga is over. Delisting of HDFC will happen on Jul 13th NSE will have to reconfigure the index weights of HDFCBK after the merger. The unusual up and down moves for these 2 stocks may be resultant of that, and until we have clarity - its better not to take positional bias. 1hr TF BN has not closed the island gap yet, even though there has been some cooling off from the ATH levels. The price action so far is not helping in taking a bearish position yet. Again it is best we wait till the merger completes so that we can trade with absolute clarity.
NSE:BANKNIFTY
by viswaram
Banknifty daily analysis for 06/07/23.Banknifty has been forming doji after doji. Market opened 160 points lower and during the first trading hour travelled both side and forming doji. On the hourly charts, market took support from the 20 EMA and closed above the levels. The market traded inside the first hour candle and consolidated whole day. The markets is holding the higher levels and is in a sideways mode. Banknifty remained inside 200 points after the first hour volatility. On 15 minutes time frame, the market traded around the 20 ema and took resistance from the levels. It closed near the levels. Support :- 45020, 44780 Resistance :- 45360 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty daily analysis for 05/07/23.Banknifty has formed a perfect doji on the daily time frame and has closed 150 points higher. On the hourly time frame, the market was volatile in the second half. A single hour candle tested 45650 levels and closed around 45300 levels. On 15 minutes charts, market closed below the 20 EMA in the morning hour but came back proving it a fake down. And finally has closed below the moving average . Support :- 45020, 44780 Resistance :- 45360 Wait for the price action near the levels before entering the trade.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty Trade Setup for 04-07-2023Banknifty Important intraday levels to watch; #Current price : 45176 #Support : 45090-95 Short if candle closes below 45090. #resistance: 45250 Long if candle closes above 45250. #Targets on downside after break of support. Target 1= 44880 Target 2= 44720 Target 3= 44500 #Targets on upside after break of resistance. Target 1= 45350 Target 2 = 45500-45520 Target 3 = 45650 Follow us for more such information and educational ideas. Give it a like if you like the idea. Queries will be answered in comment section.
NSE:BANKNIFTY
by InvestyourAsset
Banknifty daily analysis for 04/07/23.Banknifty has finally crossed and sustained above 45000 levels and has been giving gap up after gap up for last few trading session. The market gained some momentum in the first hour and has consolidated whole day after it, remaining in the first hour candle itself. India VIX is trading around 10-11 which is helping markets to travel new high. It is also effecting the option premium as premium are moving slowly making is difficult for intraday traders to book good profits. On 15 minute charts, the market took support from the 20 ema and has closed near it. Support:- 45100, 44780 Resistance :- 45350 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty Trade setup for 30-06-2023Banknifty Important intraday levels are as follows, #Support: 44260 Short if 15 min candle closes below 44260. #resistance: 44500 Long if 15 min candle closes above 44500 #Targets on downside after break of support: Target 1= 44090,44000 Target 2= 44000 Target 3= 43850 #Targets on upside after break of resistance: Target 1= 44650-44670 Target 2 = 44790-44810 Target 3 = 44900-44920 Follow us for more such information and give us a like if you like the idea.
NSE:BANKNIFTY
by InvestyourAsset
Banknifty trade plan for 30/06/2023Nifty is at ATH but BN yet to close above ATH. It still shows the attempt buy bulls, but struggle here is for real. there is a possibility to open gap up go lower on intraday and then reverse from resistance turning to support and close above ATH. combining it with nifty a pull back for retest is due, so that makes sense. Let bears digest the fact they failed, and then play safely directional. Now buy on dip is confirmed, so if any gap down also it will be a buy.
NSE:BANKNIFTYLong
by KarniKripaa