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Bankniftyoptions

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 Mambotrade
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 The_SharkTrader
PostMortem on BankNifty Today & Analysis of 26 JUN 2023BN opened gap up, but right at the opening itself we all anticipated that we are not going to have an up day today. The options flow gave me a bearish bias and was looking for opportunities to enter. The first swing till 10.50 where we had a drop of 222pts & then a retracement of 113pts looked healthy and almost filling all the checklist for the 2nd leg. Instead of making a lower low - the 2nd leg made an upmove to take out the retracement high. By this time the options premium was dead - indicating no more uncertainty ahead. SBIN & ICICIBANK gave ample support to BN today & prevented it from falling. Again the conviction of the bulls were quite strong. Between 15.00 to 15.05 BN made a quick surge of 105pts and then quickly lost it between 15.10 to 15.15 - might have taken out the stop losses of few option traders today. The way in which PE options reacted made me think the major participants would want BN to go up. 1hr TF The double bottom W pattern that formed with the bottom at 43404 is still intact. The upmove from 20th Jun to 22nd Jun was pretty weak that did not allow it to go past the resistance zone of 44068.
NSE:BANKNIFTY
by viswaram
Banknifty daily analysis for 27/06/23.Banknifty on the daily time frame has formed an inside candle and is still trading below 20 EMA. Market is consolidating and has traded all time in a range of 200 points. Consolidation and a good break out/down is possible. Either side momentum can be seen. In the bear trade if market start trading below 43400 levels good momentum can seen. On the hourly charts, it took rejection from the 20 EMA and bearish moving average cross over gives confidence in the trade. Support :- 43550, 43400, 43120 Resistance :- 43760-800, 44050 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty weekly analysis for last week of June (26/06/23).Banknifty on the weekly charts has been forming doji after doji and has lost 300 points on week to week close. It has been consolidating on the higher levels but nifty is not supporting the up move. As nifty is still to form a new ATH whereas, banknifty has formed a new ATH. On the daily charts, market has formed a perfect doji candle after a gap down opening. Banknifty has closed below the 20 EMA and if it breaks down below 43400 levels it can test the 200 EMA. The moving averages, on the hourly charts, have converged and are close to each other. Market are yet to decide the trend. Bearish moving averages crossover is there, on 15 minutes time frame, and market has been taking rejection from 20 EMA . Support :- 43400, 43120 Resistance :- 43760, 44050 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
Banknifty analysis for weekly expiry 22/06/23.Banknifty has been trading in a single candle for 4 days. It has closed near the Daily 20EMA. Market has been respecting a trend line and it taking serious rejection from the line. Its break out can give recent high 44500 as target. A kind of cup and handle is also being formed, on the hourly charts, and bullish moving averages cross over is also there. On 15 minutes time frame, there is also bullish moving average cross over, and market has closed above both moving averages. Support :- 43700, 43400 Resistance :- 43910, 44050 Wait for the price action near the levels before entering the market. If Nifty breaks the ATH, there are chances of Banknifty travelling to its recent high and even form a new ATH.
NSE:BANKNIFTY
by Mambotrade
Banknifty daily analysis for 21/06/23.Banknifty on the daily time frame has given a nice green candle. In the first half market has tested 43400 levels and recovered in the second half giving close above 43750 levels. Market has given a fall, breaking both the moving averages and in the second half has closed above both the moving averages. Banknifty consolidated near the 43400 levels. The was a nice bounce from the support zone. 43400 levels have been tested by the market many times, making it weak. If the market again comes to test the lower levels, there are chance of market to go down. The resistance zone and the support zone are being tested and both the levels are getting weak. There are chance of market giving a nice move either side. On 15 minutes charts, the market has closed near the 200 EMA. Support :- 43700, 43400-50 Resistance :- 43870, 44050 Both side momentum was there in the market today. There are chances of market either taking a halt or going upside, seeing the second half move. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty daily analysis for 20/06/23.Banknifty has taken a good support from the round figure level of 43500 and bounced back to test 43700 levels. Market from the first hour came for selling and tested the support levels and closed below both the moving averages on the hourly charts. A break down and retest has been done by the market. Market may fall this week and after crossing the 43400 levels, there are chance of a huge sell off as next support level is around 43100. On 15 minutes chart, market may give a break out of a Head and shoulder pattern above 43700. Support :- 43500, 43400-50, 43115 Resistance :- 43720, 43860 The market on the daily charts has been trading in the same range for 3 days and has closed below 20 EMA. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Bank Nifty Still in confusion state. Weekly prediction(19/16/23)A nice expiry this week and a good reversal too. Banknifty on the weekly expiry has given a very nice move of 500+ points and the option premium took a toll from the first hour. Though, the market has formed a Harami pattern(bullish reversal) on the daily charts and a dragon fly doji on the weekly charts. For last 3 weeks, it has been closing in a range of 400 points. It has also given close above the 20 EMA on the daily charts after giving a closed below it on expiry. It might be a fake out and markets are ready to touch new Highs. This is also the third time that the market have tested the 43450 levels and recovered quickly. Buyers are there forming a Supply zone. Another pattern is also being formed on the daily charts and if it goes to beark down the neck line very good momentum can be gained. On the hourly charts, the market trading close to both the moving averages. Either side movement can be taken using the MA Setup. Major Support:- 43840, 43400 Major Resistance :- 44120, 44435 Positional and swing trades can be entered only when market sustain above 44430 or below 44400. Intraday and scalping trades can be produced in the zone. Wait and watch for the market movement and price action near the levels before entering the trade.
NSE:BANKNIFTY
by Mambotrade
BANKNIFTY 16th june tradeHello traders Hope you guys have made great profit today after breaking my level of 44050 for the target of 43750 and 43550 which is achieved today in expiry. If you see the post that are posted yesterday you will learn and earn great in share market. For now buying level will activate after crossing 43550 level and sustain above for some time then go for 43750 level again. but if it not crossed and make some bearish candle go for sell. For selling we can see the level of 43070 level which is market in chart and again i am telling you guys trade with only that much quantity which you can handle and not attached emotionally with it or you will be exit in 1-5 rupees and taking losses beyond your limit which is just a gambling. Hope you understand this market and learn something from it. Thanks
NSE:BANKNIFTYShort
by Green_Red_Blood
Banknifty daily analysis for 16/06/23.Bank nifty pulled the nifty too in the second half of the session. The market has closed 500+ points lower after a consolidation. The market has closed around the support zone of 43400-450. The market can continue the fall or can retest before another leg. On the hourly chart, market has closed below both the moving averages and the fall started from the first hour even after a gap up opening. There can be bearish moving averages crossover. Support :- 43100-115, 42820 Resistance :- 43800, 43950 Market in the range of 43450-43800 can reverse from the fibonnaci levels else there no resistance on the upper side. Wait for the price action near the levels before entering the levels.
NSE:BANKNIFTY
by Mambotrade
Banknifty daily analysis for 15/06/23 (weekly expiry).Banknifty has consolidated whole day after the first hour fall. A bearish candle on the daily charts have been formed and has consolidated for 3-4 days in a range. The market has consolidated whole day in 60 points range. It constantly hit the hourly 20 EMA and faced rejection. There is much probability of a 300-400 points move either side as tomorrow is expiry. On 15 minutes chart, the market traded around the 20 EMA and closed below both the moving averages. Support:- 43940, 43820 Resistance :- 44120-170, 44435 Market has halted at the same levels for 3-4 day and the breakout/break down can give nice targets. Watch for confirmation of your setup and enter. Wait for the price action near the price levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty no trading zoneHey Traders I hope you have learned something today in side way market and the level i have given of 44050 level. please note if i give some level it is not applied in first 15 minutes opening. Always try to enter after breakout and retest because it always takes your exam and your thinking about the when your patience will be broke. Please take a trade after breakout of 47950 and sustain below this level and make sure not to trade between 43950 and 44050 level. Buying is the same as posted yesterday. Thanks
NSE:BANKNIFTY
by Green_Red_Blood