Get started

Bankniftyoptions

Baknifty trying to make Cup and Handle PatternBaknifty trying to make Cup and Handle Pattern Today banknifty in a channel pattern and going towards high as the PCR is above 1 if you want to get profit instantly Its simply just impossible so find the proper range with premium decay calculation then trade. every red candle sign of profit today if you are a buyer after hitting the resistance levels its should be / may take a support of ( > then) 50% of cup pattern. have a nice trading day.. 💖💖 Don't Take "One More Trade"... story of a successful trader
NSE:BANKNIFTY
by dasarijit245
Banknifty weekly analysis for 27/02/22.Banknifty on the weekly time frame has formed a evening star pattern and closed below the 20 ema. Even on the daily time frame the market has closed below the 200 ema and 40k round level. Market has been taking support from 39900 levels. If it starts trading below the levels, bearish trades can be entered and nice targets can be achieved. On the hourly time frame, the market has closed below both the moving averages and formed a consolidation zone in the second session. The market has consolidated in a parallel channed. Let the market start trading outside the channel and decide the intraday trend. Support :- 39800, 39500 Resistance :- 40140, 40600 The 20 ema on 15 minutes is around the 40600 levels, watch for a resistance from it and any negative candle around it will be an opporunity. Wait for the price action near the price levels before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum
PostMortem on BankNifty Today & Analysis of 24 FEB 2023Bank nifty price action is getting exciting day by day, @TradingView has opened up this feature called as Minds (with the call out icon) - its like a running commentary we can do while the trades are taking place. Let me explain few pointers posted in the TV minds & why it made sense then. NSE:BANKNIFTY opened gap up at 40259, the first 3 candles looked quite promising that NSE:BANKNIFTY will break away as the gap up took out the resistance 40134. Majority of the traders & investors would have sided towards the long side - however the put options volume were not lying. Thats when we posted this - "$BANKNIFTY looking at the PE options volume we feel some bulls got trapped" What happened from 09.25 to 14.25 was that bank nifty lost 1.3% ~ 524pts & all those who went on the long side would have either hit the SL or exited at a huge loss afterwards. When the prevailing trend is bearish, any rise will give the big boys opportunity to short further - thats what was happened. For the people who went long - they were expecting the assist from short covering, but that never came. The 2nd trap came at 14.00 candle, the nicely looking red candle would have forced more people to buy PUT options & take the bearish trade. Thats when we posted this: "$BANKNIFTY 39742 still my laxman rekha for further bearishness" Its because 39742 is still the major support & we will not have momentum until thats taken out. If we go by the higher time frame - you will get it spot on. NSE:BANKNIFTY is literally stuck here, we are bearish but not very-bearish. 39742 has to be taken out via an aggression or via gap down - which we feel will happen in the coming days & this will fuel both the options premium as well as the directional move you were looking for. --- 15 mts TF will show the 66 bars ~ 2 days that we are stuck in this small SR zone. NSE:BANKNIFTY looks like catching breath for the next move. So ideally this is a no trade zone for directional strategies. --- 1hr TF has made a beautiful arch, well the arch is not the important aspect - but the retouch of the support level is. Many days of waiting and an important support level of 39742 to break !
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 23 FEB 2023 - ExpiryWe had a relatively stable trading day today, NSE:BANKNIFTY was nicely held between the adjacent support & resistance levels. But the opening moves were quite scary. NSE:BANKNIFTY opened inline at 39983 and started falling pretty quickly, we took the 1st support 39839 by 09.35 and the next major support of 39742 by 09.45. We fell almost 0.95% ~ 379pts in the opening 30mts. On the 5mts TF the support level was seen as broken & i almost thought we are going to get deeper cuts today. But the next 3 candles undid the damage & we got above the opening levels. We hit the resistance of 40134 at 10.30 & the same was rejected. The rejection made bank nifty to fall to the first support level of 39839 & it held. So by now the momentum was fading and the remainder of the day NSE:BANKNIFTY traded between these support & resistance zones - providing a huge relief to all those option sellers who would have taken expiry day positions today. 5h 20mts was spent in the range today, much contrary to the opening show we had. These flat traded minutes shows the lack of confidence for a directional move by the either side. Or else there could have been a much more stronger stabilizing non-directional institutional trader controlling the flow. Whatever it may be - it was a blessing to all the straddlers for today & the expiry traders. --- The candle chart is of NSE:NIFTY and the line chart is of NSE:BANKNIFTY for a side by side comparison. From 12.45 to 14.20 NSE:NIFTY was trading sideways whereas NSE:BANKNIFTY was gaining. BN moved up 135pts. I found that quite unusual to have a decoupling for 1.5 hours. --- On the 15mts TF, we are seeing a minor pause between the support resistance mentioned earlier. This could also be the rest period where bank nifty is catching breath for the next leg. We do not change our bearish view till the EMA crosses over or the options volume data provides a contradicting signal. --- On the 1hr TF, we can only go aggressive once the main support level breaks. Hopefully that break could come in this weekly series which could drive up the options premium. Whenever there is panic - the option prices is guaranteed to go up.
NSE:BANKNIFTY
by viswaram
2