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Bankniftyoptions

FASP levels for Bank Nifty 05/06/2023The FASP for BankNifty is listed for 05-06-2023. 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 weekly analysis for 05/06/23.Banknifty is sustaining at the higher levels and created a new ATH of 44500, Though on the weekly charts, a red candle is formed still the markets are around 44000. Markets have been taking support around 43500 previously and can test the same levels in coming week. The market has been testing 20 ema on the weekly time frame as a support and 20 ema as resistance on houly charts. The market has been forming lower low lower highs and is still on the higher levels. Support :- 43830, 43700 Resistance :- 44050-150, 44500 THe market has reversed from 44150 levels and if the market enters 44050-150 range enter on after it closed above or below the levels. Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty daily analysis for 02/06/23.A bearish candle has been formed on the daily charts in banknifty and has closed below the low of previous day. On the hourly chart, the market consolidated in the first half and remained in a narrow range of 150-60 points. Banknifty constantly took resistance from the 20 ema and gave a nice bearish movement in the second half of the trading session. Markets have closed on a negative sentiment and the fall can continue upto 43400 levels. There is a bearish moving averages cross over on 15 minutes charts. Support :- 43700, 43450 Resistance :- 44040, 44150 Markets tried to sustain at the higher levels and has given a nice down side fall of 400 points in the last hours of the session. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
FASP levels for Bank Nifty 31/05/2023The FASP for BankNifty is listed for 31-05-2023. 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:BANKNIFTYLong
by SathishChandrasekaran
Banknifty daily analysis for 31/05/23Banknifty has been holding itself at the ATH and has formed a range of 200 points in which its trading. The market has gained some points during the last hour of the session and has closed above 44400 levels. The market is taking resistance around the round number figure of 44500. On the hourly time frame, the market has been trading above the 20 ema. Banknifty in the last hour has crossed the day high and closed above it. There are chance of market forming new high as the market is sustaining at the high and has created a break away gap. If the market starts trading below the 44250 levels it can test 44000 levels. Support :- 44260, 44120 Resistance :- 44500 For futher resistance round number figure can be taken. Wait for the price action near the price level before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
PostMortem on BankNifty Today & Analysis of 29 MAY 2023 There is some good news and some bad news. Good news first - banknifty just hit an all time high of 44483.35. The bad news is that from a technical standpoint - there is no easy trades we can take from here. The gap up was 0.64% ~ 283pts that itself was enough to break the ATH. From there there was no meaningful price action. Banknifty just maintained that range. The consolidation also makes sense because we now have a change in sentiment. From a valuation perspective - who would buy banknifty now? The FOMO people?? Investors who have a long term view i.e 3 to 5 years might feel - yeah this is the opportunity to enter the Indian stock markets. I feel these are the only kind of people who will be lured to buy! After the 1st hour, I stopped trading. The problem was, I could not find a good trade that made sense. On the other hand Nifty50 options data was showing more scope for upside movement. Nifty also had a gap up today - confirming the resistance break from previous day 13.30 The next resistance for Nifty is 18762 and for banknifty - none. Yes let that sink in.  Since tomorrow is Finnifty expiry, I am expecting some volatility to push up the options premium. --- 15mts shows the breakaway gap quite clearly. The range breakout also visible. But if you ask me is it a bullish pattern - I really do not know. Let us see how it trades tomorrow to make some assumptions. --- 1hr chart is bullish, thats because we just negated a triple top like formation + gap up. Will banknifty catch fever due to the euphoria of hitting ATH - we will see in this week.
NSE:BANKNIFTY
by viswaram