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Bankniftyoptions

Banknifty: Brace yourself for 43000.BankNifty is poised to potentially achieve a new high above the 43000 level. Our analysis indicates that it has been consistently making higher highs, while failing to establish a new low, indicating a trending market for the past few days. We have observed heavy put writings on levels below 42900, suggesting that a little bullish momentum could still provide opportunities to enter on retracement around the 42860 to 42920 range. Currently, I am holding at 42800 and am already in profit. I will be closely monitoring the 42921 to 42938 range, where a double top formation could signal a potential reversal. However, for this scenario to materialize, we will need to break below the 42781 level to confirm a bearish outlook. closely observing the market to see how it unfolds.
NSE:BANKNIFTYLong
by Doinel33
BANKNIFTY : Levels for 25th AprilBANKNIFTY opened gapup & took support of zone we marked on chart. after giving good up move its stop at daily resistance mark on chart. Dot to dot point No next it should take 15 min swing support mentioned on chart for further up move. Lets watch candle stick patter & follow price actions. I have given my personal view on this video for Nifty & Bank Nifty. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal view only.
NSE:BANKNIFTYLong
by ChartsSpecialist
PostMortem on BankNifty Today & Analysis of 21 APR 2023Just a bit of negative bias today - nothing major to be worried about! Banknifty still has outperformed NSE:NIFTY this week. And trust me the chart of NSE:BANKNIFTY is looking strong. Today we opened inline at 42252 had 2 strong green candles and then started falling. From 09.30 to 13.05 we fell 0.99% ~ 419pts - but the options premium did not surge exponentially. Since the India VIX is ~ 11.6 levels the fear in the markets are already at the lowest point. Looking at the downfall momentum gaining traction at 12.05 just after yesterday's swing low was taken out, I felt we may fall below the 41600 level today. Unfortunately that did not happen & my wednesday's opinion now stands corrected. Even after the fall today, bank nifty's chart is still showing bullishness, how the global trade happens today might have a role to play on Monday. --- 15mts is now in a sideways range from 17th. 41968 to 42500 has been the swing this week if not for a blip highlighted in blue. --- This week's price action makes a flag & pole type of pattern (even though not perfect) on the 1hr TF. The chart is not showing any signs of slowing down. We hoped the 41624 support levels will get tested this week - but that scare is now out. What will the bears do now?
NSE:BANKNIFTY
by viswaram
clear head & shoulder in bankniftyIn the case of #BankNifty, we can see that the pattern has recently emerged, with a clear head and shoulders formation that is currently in the process of inverting. In 5 minute chart we can clearly see The left shoulder was formed, followed by a sharp drop and a bounce-back that established the head of the pattern. This was followed by a pullback that formed the right shoulder, with the neckline running through the range of 42110-42140. If the neckline is broken decisively, it would confirm the inverted head and shoulders pattern, and indicate a potential bullish reversal in the market. In this scenario, traders may consider entering long positions with a target of 42555 or even higher.
NSE:BANKNIFTYLong
by Doinel33
2
PostMortem on BankNifty Today & Analysis of 17 APR 2023NSE:BANKNIFTY really held its cool today! During preopen INFY was showing an open rate of -10%, and everybody would have thought we are going to see a massive sell off today. IT sector in total was in focus today as the INFY even though had not so bad results was quoting at 10% lower circuit. I think I saw it go down to 12.3 or 12.5% - since I do not track the IT index that closely, it did not really bother me. However I was excited to see how bank nifty will react. You might be aware that a sell-off in IT will impact the banks the most. A recession or a job loss in IT would mean a lot of NPAs and loan defaults as IT employees are the main people who take exuberant loans at unbelievable valuations. The opening chaos is very visible in the charts of NSE:HDFCBANK , NSE:ICICIBANK and NSE:AXISBANK . NSE:SBIN had a contradicting pattern and surged ahead. NSE:KOTAKBANK was least impacted- the opening volume was unusual and it had a bright day. At 10.05 bank nifty secured its feet and then started climbing. So this blip stayed only 45mts and you would not believe how the price action from the last session continued today also. The 45mts of downward fall was well negated by what followed. I guess the dip buyers were back and immensely supported for a close +130pts today. It will also meaningful to showcase the Nifty50 chart also, since IT index took a huge beating today, it was visible in Nifty50. There was a recovery post 10.05, but the close was in red unlike the bank nifty. --- The options data also requires special mention today, both banknifty and finnifty options were unaffected by the volatility, the NSE:NIFTY options had a good ride today. At a point I saw VIX hovering around the +10%, seeing the recovery in banknifty, I was immediately convinced the best place to take an option trade was Nifty50 instead of BankNifty. This makes an exciting week ahead. If there is further weakness in IT, it will spill over to the financial sector with a delay. --- 15mts on Banknifty says the uptrend is intact and today's blip has made no special impact. We need a support break of 41624 to get some attention of the bears ! --- 1hr also looking promising for the bulls, the next resistance at 42576. In fact in zerodha's TV chart a day high near this resistance level is visible, I am not sure why its missing in the TV chart directly. And today's price action rejection came at the resistance level only.
NSE:BANKNIFTY
by viswaram
Banknifty-13/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ Banknifty-13/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 41480 - 41497 Possibilities of Today market open... Possibility 1: FLAT If market open as a GAP-UP and moves to UP-Side then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility : GAP-UP If market open as a FLAT and moves to UP - SIDE then BUY with the Support of R and SELL with the Rejection of R. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of PDH and SELL with the Rejection of PDH. Possibility 3: GAP-DOWN If market open as a GAP - DOWN and moves to UP-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of W-R and SELL with the Rejection of W-R. _______________________ 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 ------------------------------- 0.5-> 0.5% Swing 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 D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close 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 - POSITIONAL VIEWThe Banknifty index has been demonstrating an upward trend on a daily basis, although at Damis Investments, we anticipate a potential short-term decline. This is attributed to the fact that the current momentum appears to be primarily driven by news rather than sound market fundamentals. As a means of substantiating our bearish stance, we would like to present you with key resistance levels that can be utilized to establish short positions. Notably, the Banknifty spot's significant resistance ranges from 41450-41650 and 41800-42000. Hence, one can take advantage of this opportunity to initiate a short position within the given range, targeting 40950-40750 with a small stop loss at 42100.
NSE:BANKNIFTYShort
by DamisInvestments
1
Banknifty daily analysis for 12/04/23.Banknifty has given a nice up move even after the gap up opening and has closed above the trendline. The market has given a break out and the index has closed 500+ points forming a dragon fly doji. The market has consolidated and moved nicely in the second half of the trading session. On the hourly time frame, the first candle showed some positivity and after it the market has slow and steady move to higher levels. The market has created a gap and in the coming days there is a possibility of filling the gap. Support :- 41235, 41000 Resistance :- 41400, 41630, 41950 The market after the gap up opening has given break out of the consolidation zone. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BankNifty-11/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-11/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 40869 - 40885 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP - SIDE then BUY with the Support of IMP and SELL with the Rejection of IMP. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. Possibility : GAP-UP If market open as a GAP-UP and moves to UP-Side then BUY with the Support of R and SELL with the Rejection of R. (or) If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 3: GAP-DOWN If market open as a GAP - DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of D-S and SELL with the Rejection of PDL. _______________________ 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 ------------------------------- 0.5-> 0.5% Swing 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 D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close 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-10/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-10/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 40942 - 40973 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP - SIDE then BUY with the Support of R and SELL with the Rejection of R. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility : GAP-UP If market open as a GAP-UP and moves to UP-Side then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 3: GAP-DOWN If market open as a GAP - DOWN and moves to UP-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. _______________________ 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 ------------------------------- 0.5-> 0.5% Swing 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 D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close 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 - POSITIONAL VIEWBased on the current market trends and volume analysis, it appears that the Banknifty spot may experience a reversal in the near future, particularly in the 41250-41650 range, with a downward direction expected. The observed volume suggests a bearish momentum in the market. To potentially capitalize on this market movement, it may be advisable to consider buying a Month end expiry option, such as the BANKNIFTY 27 APR 42000PE, or to short futures from within this range. The potential target for this strategy could be 39100, with a recommended stop loss set at 43100. By carefully considering these market factors and implementing a well-informed trading strategy, investors may be able to successfully navigate this market movement and potentially generate positive returns.
NSE:BANKNIFTYShort
by DamisInvestments