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Bankniftyoptions

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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum
PostMortem on BankNifty Today & Analysis of 13 Mar 2023Bears would have been happy today seeing the supports getting broken, i am quite sure the level of shorts in CE options taken to capitalize on the fall we had today. 46500 CE was traded for 1,45,47,750 volume ~ 1.45 crore. This is the farthest away strike in the weekly series. I would say its a brand new record ! Eventhough we had a -2.27% ~ 920pts drop day, the sentiment was not looking exactly bearish during the opening 10mts. In fact lot of traders were suggesting to go bullish. Thats when i posted this "The bulls have no fear ! its going to be a suicide…" on banknifty minds We had a 0.82% ~ 322pts upward move by 09.25 before cracking. And the fall afterwards was a 45 degree fall with literally no pull back. See the yellow slanting line showing the simple downward move. Psychologically it meant there was very little buying momentum. The reason was the fall in Silicon valley bank in US & the fear that other credit & lending institutions, banks may be impacted. According to me, the fall we had today was nothing dramatic, after all its just a 3% fall. Just compare it to the beating the US banks are taking in - 70%, 60%, 25% falls in a day. People still believe Indian banks will not be impacted when US banks collapse - its just wishful thinking. Any bank in any part of the world, if its going down due to liquidity issue, interest rate issue or defaults - it will spread quickly to the other parts of the globe. The bank under discussion, SVB funds startups, VCs & other tech companies in which a good percentage of talents are from India. If they are fully settled in US and not supporting a family in India or not transacting or remitting to India (they are fine). If not - they will definitely be attached via some local bank here. A job loss or cash withdrawal restriction or moratorium for them in US will definitely create a ripple here too.  SVB's collapse was just because of the rumor that the depositors may not be able to get their money out due to a loss they faced in a bond transaction. If all the depositors run to the bank at the same time to withdraw their balance - the bank will cripple. In India - if all the NSE:SBIN account holders decide to just withdraw Rs25000 cash all on the same day, it will create a similar scenario. But it will not happen in India, thats because SBI staffs combined at all 17000+ will not be able to attend 45 crore customers within the 8 hours of operations. SBI will not have 11.25 lakh crore as liquid cash anyway, infact its similar to the currency in circulation at the moment. --- 15mts TF shows the supports getting broken - the bias has now shifted to the negative side. The good work done from the 27th Feb is now gone in 2 sessions. --- On the 1hr TF we have lots to discuss. Remember over the last few reports we mentioned how NSE:BANKNIFTY is stuck in the range from 27th Jan. Today we had a conclusive break of the 39742 support level on the 1hr TF (although the candle formed is green color) We also discussed the possibility that how the momentum is going to accelerate because of the time spent in range. The bearish pattern will continue only if the further trades are taking place below 39742, only then the descending channel pattern makes sense. Also marked in cyan color the M type pattern formed, again to make sense the further trades has to happen below the 39742 level - otherwise an equally similar W pattern is also visible. to view all 8 charts in today's discussion visit viswaram. com
NSE:BANKNIFTY
by viswaram
FASP levels for Bank Nifty 14/03/2023The FASP for BankNifty is listed for 14-03-2023 . 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 14/03/23.Banknifty has finally closed below the 200Dma which suggest a move of a bearish market cycle. The market has closed 920 points lower near the support zone. If the market starts trading below 39500, the market can fall another 500 points taking support around the round number figure. On the hourly time frame, a bearish moving averages cross over is there and the market fell more than 1000 points from day's high. The markets are in sell territory and wait for sell on rise opporunities in this kind of a market. On 15 minutes chart, the market has taken rejection fromt the 20 ema and huge sell off was there. Support :- 39500, 39200, 38550 Resistance :- 40340, 40650 Wait for the price action near the price levels before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum
PostMortem on BankNifty Today & Analysis of 10 Mar 2023Promising price action today if you are bearish. The double top M pattern on the hourly time frame did its job quite nicely today. (Thank god it worked) But seriously what happened today is no reflection to the handout from US markets. SP:SPX was down 1.85% over night & our NSE:NIFTY is only 1% down. Agree NSE:BANKNIFTY was down 1.87%, but remember SP:SPF were down a whooping 4.1% yesterday. If you couldnt stand the 1.87% crash in NSE:BANKNIFTY today, imagine what a 4% fall would have looked like. It would have been a blood bath ! This is how today's price action looked like in the 5mts TF. Mega gap down opening at 40805 & a strong red 1st candle. And that was just it - there were no other alarming jumps or panic after that. NSE:BANKNIFTY stuck to the 40350 to 40600 range after that. And thats the exact reason why the options premium did not hit the moon. In fact  This is how the PE strikes in multiples of 500 traded today. The last 1 hour the premiums started dropping quite quickly, translating to no fear. To prove the point, check the India VIX its at 13.4%, US VIX is 24.8% which means US VIX is 85% higher than Indian. The fear in US is too high compared to just a normal casual day in India. Why isnt the VIX rising - no idea ! VIX goes up only when there is panic, and as it stands now there is no panic in India. I personally dont prefer to see panic in India, but my point is - If the global markets are facing the pain, it will definitely hit here. And the longer it takes for that, the deeper is the pain. --- 15mts TF was not looking bearish yesterday, but the gap down opening and bank nifty's reluctance to close the gap may have just tipped the scale in favor of the bears. But this is still not enough, 40140 has to be taken out by the next session for the current momentum to continue. --- 1hr cements the analysis of yesterday. 39742 has to be taken out in this series for nice fireworks to happen. Today might have just been a warning shot, the real action is yet to come. I am not predicting, i am pretty bad at that. But how the chart is screaming for a direction for the last 44 days is an indication. The beast called as bank nifty was kept in cage ie between support 39742 & 41624 for the last 44 days. So when the opportunity comes to break away or break down - the distance it travels will be very steep.
NSE:BANKNIFTY
by viswaram