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Bankniftyoptions

#BANKNIFTY - 20/03/23 MARKET VIEWAfter analyzing the BANKNIFTY chart on the 15-minute time frame, it appears that there is a noticeable bearish sentiment in the market. This is indicated by the current dominance of sellers, which suggests a potential downtrend in the short term. As such, it may be wise to consider a short entry position at 39190. This would involve selling BANKNIFTY at the current price with the expectation that it will decrease in value, resulting in a profit. To manage risk, a stop loss order can be placed at 39460. This will automatically trigger a sell order if BANKNIFTY rises above this level, helping to limit potential losses. The target for this short position is set at 38760, which represents the expected price level for BANKNIFTY to reach as it moves lower. Once this target is reached, the short position can be closed out to realize a profit. Overall, based on the current market conditions, taking a short position in BANKNIFTY at 39190 with a target of 38760 and a stop loss at 39460 may present a potential trading opportunity. However, as with all investments, it is important to carefully consider the risks and conduct thorough research before making any trading decisions.
NSE:BANKNIFTYShort
by DamisInvestments
Banknifty weekly analysis for 20/03/23.Banknifty on the weekly time frame has given a nice lower wick rejection and formed a doji. Though the market are in the bearish move but the weekly candle is showing a short term positive momentum in the index. For last 2 trading session the market has sustain the opening levels and soaked in all the sell pressure it exerted in the last hour of session. 38.2% fibonnaci level is near and if it starts trading above it, 50% levels can be reached. On the hourly time frame, the market has show a 'U' shape kind of a recovery and the last hour momentum is showing some positive sentiment. SGX nifty is showing a negative closing of 117 points. Indian markets will follow the global market, watch for the global market in the morning. Support :- 39000, 38550 Resistance :- 39780, 40080 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
#BANKNIFTY - 20/03/23 MARKET VIEWOn Friday, the 17th of March 2023, the BANKNIFTY showed a strong close, indicating positive market sentiment and bullish momentum. To capitalize on this momentum, traders can consider taking a long position with a target of 40800 and a stoploss at 38900. The support levels for the index are currently at 39500-39700 range, which suggests that the index has strong footing and is likely to move higher. To reduce risk while maximizing returns, traders may consider purchasing a monthly expiry Call Option, such as the BANKNIFTY 29 MAR 40000CE. This option will allow traders to take a long position on the index at a predetermined strike price of 40000. By adhering to the given targets and stoploss, traders can minimize potential losses while capturing potential gains from the upward momentum. Disclaimer: It is important to note that trading in the stock market involves risk and requires a thorough understanding of market dynamics, technical analysis, and risk management. As such, traders should always exercise caution and conduct their own research before making any investment decisions.
NSE:BANKNIFTYLong
by DamisInvestments
Banknifty daily analysis for 17/03/23.Banknifty has given a doji on the daily time frame and closed above 39000 levels. It has been taking resistance, on hourly charts, from the 20 ema and closed just below the levels. Today, the index has consolidated in a parallel channel and formed a flag and pole pattern. If there is a break down of the pattern, nice fall can be seen in coming days and good targets can be achieved. Market has closed above the 20 ema, on 15 minutes chart, that shows some positivity but for short term only. The market trend is negative and fall can continue after a retracement. Support :- 38550, 38000 Resistance :- 39530, 39780 Wait for the market to beark out/down of the pattern and watch the price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
Banknifty weekly expiry prediction 16/03/23.Banknifty has given a nice bearish engulfing candle and the global markets are too trending in the negative momentum. Even after a gap up opening the market has closed 360 points lower giving a 1000 points move from day high. On hourly charts, the market has taken a rejection from the 20 ema and from the first candle onwards it came for selling. In last 5 trading sessions, banknifty has fallen more than 2500 points or 6%. It can take a halt before another selling and form a narrow trading range for tomorrow. On the 15 minute time frame, RSI is trading in a oversold zone and there can be a halt in the first half. It would be wise to trade in the second half of the trading session, as there can be a gap down opening seeing the global markets. Support :- 38850, 39550 Resistance :- 39125, 39530 Wait for the price action near the price levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
BANKNIFTY ANALYSIS AND PREDICTIONS FOR 15 MARCH 2023Today as we have seen Gap up opening of around 400 points around 39900 in bank nifty and then from there we are seeing a decline upto 39700. There is an resistance range between 39875 - 40000 and a strong support zone is in between 39750 - 39550 SCENARIO 1 If we see a breakout above 39875 or today's high we must NOT hurry and by we should wait till it crosses 40000 level with a strong 15 min candle then only we should buy. SCENARIO 2 If we see a breakdown of today's low then we should sell below 39500 but with a small target of 100 points, with moving stoploss and if it further breaks 39400 then we can see 39000 levels todays CONCLUDING ANALYSIS/b] Today I can see a range bound market and range is between 39450 to 39850. Don't fall on a trap today be CAUTIOUS WHILE TRADING BANKNIFTY TODAY SPECIALLY IN OPTIONS. Wait for a clear and decisive move above or below of the given levels. ✅ BANKNIFTY SUPPORT AND RESISTANCE LEVELS SUPPORT ZONE - 39750 - 39550 SUPPORT 1 - 39597 SUPPORT 2 - 39426 SUPPORT 3 - 39142 RESISTANCE ZONE - 39875-40000 RESISTANCE 1 - 39866 RESISTANCE 2 - 40000 #BANKNIFTYOPTIONS TO WATCH 16 MARCH 39700 CE 16 MARCH 39600 PE #tradenxt #bankniftyanalysis #bankniftylivetrading #livetrading #stockmarketanalysis #stockmarketanalysis16march2023 #IntradayTrading #IntradayCalls #BankniftyPredictions #StockMarketPredictions #bankniftytomorrowprediction #niftyanalysis #niftypredictions #bankniftyoptions #niftyoptions #banknifty39700ce #banknifty39600pe
NSE:BANKNIFTY
by kislaysumit
Banknifty daily analysis for 15/03/23.Banknifty on the daily time frame has formed a perfect doji. The markets initially were in confusion but tested the lower levels taking support around 39200 levels. In the second half of the trading session the markets were volatile and consolidated in a 300 points range. On the hourly time frame, the market has closed below both the moving averages and forming upper wick candle showing some selling pressure. The market has taken a halt and if the selling continues it can test 38000 levels soons. On the 15 minute time frame, the market has traded around the 20 ema and closed around the same. Support :- 39200, 38550 Resistance :- 39520, 39780 Wait for the markets to give a BOS for a bullish move, otherwise, sell on rise is the strategy to fo with. Wait for the price action near the price levels before entering the markets,
NSE:BANKNIFTY
by Mambotrade