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Bankniftyoptions

Banknifty daily analysis for 27/01/23.There was a trending market in the last session giving nice profits in the sell side and banknifty lost more than 1000 points in a single day closing around 41650 levels. The market has closed below its 20 ema filling all the gap created in the recent time. A bearish moving average cross over is there on hourly charts and the RSI indicator is showing oversold levels. The market is taking support from 41600 levels and there can be a retest before another fall to confirm a bear trend. In the first half the market remain in a selling territory and consolidated in the second half which is good for intraday traders. If the market shows some weakness, the market can be shorted for 200-300 points. On 15 minute charts, the first candle closed below both the moving average creating a short entry. Support :- 41580, 41360 Resistance :- 41920, 42260 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
FASP levels for Bank Nifty 27/01/2023 The FASP for BankNifty is listed for 27-1-2023 . 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:BANKNIFTYShort
by SathishChandrasekaran
BANK NIFTY CHART ANALYSIS // BIGGEST MONTH END EXPIRYBank Nifty form Rectangle Chart Pattern and after creating 42700 Resistance or 41800 Major Support Its go up through creating trendline support and Giving GapUp beyond 42700 Hold 2 Sessions on Upper level with breakking out Trendline….. If Tomorrow which is Month End Expiry HOLD 42700 levels AtLeast 15Candle on upper levels we can se Up Rally or if it BreakDown his Major Resistance of 42700 Levels Down we can See Again 41800Levels Tomorrow….!!!!! UpSide Target 43400 DownSide Target 41800
NSE:BANKNIFTY
by MrRisk_Manager
Banknifty daily analysis for 25/01/23.Banknifty has formed an engulfing candle on closed 90 points lower taking support around 42650 levels. On the hourly time frame, the market took support from 20 ema and closed near previous day low. The market has closed above both the moving averages. The market is in consolidation cycle and option buying opporunities are less. Let the market decide the trend and a trending market can be seen if the market start trading below 42650 levels. The market soaked all the gap up and on 15 minute chart, closed between both the moving averages. Support :- 42650, 42500 Resistance :- 42750, 42980-43000 Option buyer can take bullish trade after the market crosses and sustain above 43k levels. Tomorrow being an expiry, if the market consolidate in the first half, last half market can be trending. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
PostMortem on BankNifty Today & Analysis of 23 JAN 2023Another boring price action today, the minimal variance in options premium after the morning jump shows the lack of volatility today. NSE:BANKNIFTY Gap up opening at 42891 right at the resistance level of 42888, The first candle showed a brief rejection, but the 3rd and 4th candles were quite strong and surged ahead. BN hit HOD of 43005 at 09.50 and from there we had a gradual decline till close. This support level gave away at 11.15, but the drop was not looking dangerous. Even the gap was not filled indicating the strength of bulls. One good thing that happened today was the break out from the previous resistance level of 42573. When gap ups or gap downs are taking out the resistances or support - it means that the traders are not convinced during the market hours to rally or break the index. So overnight a change in macro or fundamentals has to work in favor/against. Today's gap up was not rejected, which means traders are not going against the upmove. They are happy to keep the index close to the open price. And you might already know this - bank nifty likes to take out the support & resistance via gap openings. The lack in options premium shows lower probability of wild swings with 2 days to go for expiry. However if there is a slight news or event all the option writers at this low premium will be hurt pretty badly and they would run to cover. When premiums are lower, its good to buy options or debit spreads or debit ratio spreads with good risk:reward because if there is a move - premiums will jump exponentially. --- Among the bank nifty components: NSE:HDFCBANK had a good opening start, 1.36% surge by 09.35 and then a gradual cooling off. From the results announcement, it is steadily gaining value everyday. NSE:ICICIBANK had good QoQ results, the opening candle had a volume of 2.122M much similar to the volume of opening candle on 20th Jan. So a 1.2% gap up opening and then a fall to the flat line all in 10mts. Profit bookings were evident by the 13.05 candle. Final close flat. NSE:SBIN had a gap up, fell to flat line and then rallied back in opening 10mts. 0.94% in opening candle itself. Final close of 1.39%. NSE:AXISBANK had good swings today, 1.07% upmove by 09.35, then a fall of 1.60% from HOD to LOD by 11.45. And a recovery of 0.98% by 12.25. Final close flattish. NSE:KOTAKBANK also had QoQ results impact. It was trending lower from 19th. Gap up opening of 1.62% today and a fall to 1770 level by 09.25. Gap was not closed which shows the new normal after the results. There was a rally attempt but it faded by 13.25. Final close 1.18% higher. NSE:INDUSINDBK did not have volatility today, the trend was a gradual trace back to flatline after a 1% gap up. --- 15mts and 1hr TF is confirming the break of 1st resistance, so the 15mts chart is looking a bit bullish today, 1hr may start showing bullishness if tomorrow we are trading above the resistance band of 42900 to 43000. If the global markets are also surging in green today, there is every possibility that we participate in that too.  The news of FII selling is not creating any negative impact to indices as of now, because the domestic buying is so intense. I am still waiting to deploy cash because the current valuations are scaring me. I will wait till we drop below 29000 to renter or if we stay at the current prices till 2024.
NSE:BANKNIFTY
by viswaram
Banknifty daily analysis for 24/01/23.Banknifty has given a close below it opening level forming a doji on day chart. The market couldn't cross above the 43k levels but is forming a higher high higher low formation showing some positive trend. There is a bullish moving averages cross over, on the hourly charts. The market closed gaining 300 points and crossing the 42700 levels. It is taking support from 50% fib level, let market cross today's high enter a bullish trade as nice targets can be achieved. On 15 minute chart,the market tested the 20 ema and finally showed some weakness closing between both the moving averages. Support :- 42700, 42500 Resistance :- 42950-43000, 43175, 43540 Banknifty is showing some positivity and bullish trades can be initiated once the market start trading above the 43k levels. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty weanalysis for 23/01/23.Banknifty has formed an inside candle and a dragon fly doji on the weekly charts. It has been trading in a range and can give a trending market in the coming week. There is a doji on the daily charts as well which show a confusion in the market. Banknifty has closed near the 20 ema and support zone. On the hourly charts, the market has consolidated and closed between both the moving averages. The market has been facing a resistance from 42700 levels. Let the market cross the level then only bullish trades can be initiated. On 15 minutes charts too, the market has closed between the moving averages. Support :- 42500, 42380, 42260 Resistance :- 42700, 42900 The market are in a confusion state. Let it decide the trend and trade according to the scenario. Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
PostMortem on BankNifty Today & Analysis of 19 JAN 2023 expiryHonestly was expecting a turbulent and volatile expiry day today after SP:SPX fell 1.56% & TVC:DJI 1.81% overnight. I was quite shocked to see NSE:BANKNIFTY pre-open rate of only -0.1% & i assumed we may tank close to 1.5 to 2% today. But what turned out was a boring choppy day in a narrowest possible range i have seen after Covid 2022 lockdown. I got into the option in the opening 2mts itself and got good premiums and by 9.39 i saw the premium decay was okay enough and squared off the positions with the intend to re-enter once the premium spikes again. I never got the reentry, in fact the collapse in options premium is again something i havent seen after Mar 2020. This is mainly because bank nifty did not swing at all today (only 272 pts between HOD and LOD) which means a swing of 0.3% from the median point. Was i frustrated to lose out a re-entry - absolutely YES. But it never occurred to me to get into a selling position with the premium so low. So i just sat out and made peace with that decision. Now coming back to trade set up tomorrow, i still believe we should swing the same way as the global trend is swinging. Today may be was expiry level positioning - if the US market fall continues, we wont be spared tomorrow. --- The bank nifty components did make swing today, but whoever played the game today to keep the index in the range - really succeeded. NSE:HDFCBANK stayed positive right from the start and the range of swing today was 0.92% NSE:ICICIBANK had a swing of 0.97% today, but the price action was on the negative side NSE:SBIN had a swing of only 0.7% again the trade with a minor negative bias NSE:AXISBANK had a whooping 1.87% traded range today, the opening candle bringing huge volume as well. Final close was in green NSE:KOTAKBANK had a huge swing of 2.14%. the first candle itself contributing to 79% of that NSE:INDUSINDBK had the highest swing of unbelievable 4.89% with the bias to the negative side Now it really makes sense not to believe that BN index remained in a short range today ! --- 15mts & 1hr are not showing bullishness as the resistance level is not taken out, today's slow choppiness to the negative side may indicate the bulls are taking a short break. Sudden swings may wake them up! to view the 4 images discussed in the report today, contact @viswaram
NSE:BANKNIFTY
by viswaram
Banknifty daily analysis for 20/01/23.Banknifty remained in a volatile mode and traded in a range on just 250 points. It has been constantly facing resistance from the 20 ema and today also it tested the level. The market has formed an inside candle and closed 130 points lower. Banknifty is trading in a parallel channel and consolidating beautifully in the zone. On the hourly charts, the market remained in a box consolidation. The market is still volatile and no trade should be initiated until the trend is certain. On 15 minute chart, the market constantly took resistance from 20 ema and finally closed below both the moving averages. Support :- 42260, 42100 Resistance :- 42380, 42500-520 The two days sideways market during the second half is giving signal of a trending market in the coming days. Wait for the price action near the levels before entering the markiet.
NSE:BANKNIFTY
by Mambotrade
Banknifty daily analysis for 19/01/23.Banknifty has been taking a rejection from the 20 DMA and today it also took resistance from the level. The market has taken support from the support level and formed a flag and pole pattern. On the hourly charts, the market has closed between both the moving averages. There is a bullish moving average crossover, on 15 minutes chart, and closed near the 20 ema. Support :- 42370, 42120 Resistance :- 42540, 42700 There is a bearish divergence on RSI indicator. Watch for bearish trades, if the market start trading below the consolidation box. Wait for the price action near the price level before entering the markets.
NSE:BANKNIFTY
by Mambotrade
BANKNIFTY ANALYSIS AND PREDICTIONS FOR 19 JANUARY 2023From 5th January onwards we have seen that Banknifty is stuck between 41720 - 42745 is creating a sine wave pattern. If we look at banknifty chart in a broader time frame we will see that price is consolidating in this range preparing for a breakout to a new Banknifty high. SCENARIO 1 If we see a gap up and Banknifty opens above or around 42745 then we may see a Thursday weekly expiry between 43000 - 43350. SCENARIO 2 If we have a flat opening and the price break the 42745 resistance we can see momentum in the second half and the price can go upto 42500 but the expiry will be between 43000 - 43350. SCENARIO 3 If we see a gap down opening and the price respects the support i.e 41726 then we can see an expiry between 42400 - 42700 or in the later half we can see a price breaking the level 42745. If the price breaks the support zone then in the coming days we can see a huge break down even below 40000 in the coming weeks. ✅ BANKNIFTY SUPPORT AND RESISTANCE LEVELS SUPPORT ZONE - 41720 - 41928 RESISTANCE 1 - 42310 RESISTANCE 2 - 42735 RESISTANCE 3 - 43195 #BANKNIFTYOPTIONS TO WATCH 19 JANUARY 42600 CE 19 JANUARY 42200 PE #tradenxt #bankniftyanalysis #bankniftylivetrading #livetrading #stockmarketanalysis #stockmarketanalysis19january2022 #IntradayTrading #IntradayCalls #BankniftyPredictions #StockMarketPredictions #bankniftytomorrowprediction #niftyanalysis #niftypredictions #bankniftyoptions #niftyoptions #banknifty42500ce #banknifty42300ce #banknifty42000pe #trendanalysis #bankniftytrend #bankniftyview #bankniftytradesetup #bankniftytrading #bankniftyanalysis #bankniftyoptions #bankniftylevels #bankniftyfuture #bankniftytips #bankniftypredictions
NSE:BANKNIFTYLong
by kislaysumit
Now think whom didn't follow my analysis, again toasted by mkt🤣See yesterday's analysis in my profile even i was shocked i almost predicted the half market. 🤣🤣There are many who advised me that no that banknifty will gap-up 500 this and that. Now they are in big loss because they holded call and tried to average at every low and at last they booked loss at huge amount. Market is not like that u will draw some line and it will go according to you. Always market is supreme, it is proved again. See the image above where a path was drawn yesterday's analysis, (to see yesterday's analysis go to my profile). TATA BYE BYE.
NSE:BANKNIFTY
by pn202377
PostMortem on BankNifty Today & Analysis of 17 JAN 2023We had another interesting day today, technically the open & close of NSE:BANKNIFTY was near the same - but there was some price action thats worth analyzing. The opening candle was long red body with a short tail, by the 2nd and 3rd candle BN recovered what was lost in the 1st. From there it started building up gains till 10.00 where it kind of ran out of momentum. So an early rise of 0.83% ~ 347pts from opening lows. Then we had a gradual sideways move till 12.10 from where the selling intensity started aggravating. The selling halted only at the support level.  1.23% ~ 521pts fall from the HOD to the LOD at 13.25. You wont believe i went short at 13.20 when the support level was broken - but my decision was wrong & i had to cover when BN recovered the SR band. The final 2 hours saw a recovery of 1% ~ 418pts which ensured that BN closed in green EOD. For traders who got it right today, would have made money both ways ie down in forenoon and up in afternoon. But for those who got it wrong like me would have run into both stop losses. --- Among the bank nifty components: NSE:HDFCBANK recovered the losses it made yesterday after the results show. Up 1.91% ~ 30.11 pts by 10.35 from the LOD. Final close of today is just above the close of friday, which means the positional unwinding of yesterday is complete & we now have HDFCbk at similar levels for normal trading. NSE:ICICIBANK was interesting because it kept falling today also till 14.30 after which it got some nitro boost and quickly turned green in 1 hr. It made up 0.91% ~ 7.81 pts. NSE:SBIN moved quite opposite to yesterday, the price action from 10.05 to 13.15 seemed quite dangerous when it dropped 2.72% ~ 16.49pts. There was some recovery last 2hrs but nothing dramatic as the fall. NSE:AXISBANK was continuing the fall from yesterday making lower lows today also. The last 2 hr rally helped it gain 1.31% from intraday lows. NSE:KOTAKBANK has the habit of making quite strong candles be it red or green, so we had a 1.19% surge in opening 3 candles from LOD and then a 0.89% rally in last 2 hrs. Kotak ended the day in green as well. NSE:INDUSINDBK slipped to red today with a fall of 2.19% till 13.05 and then a recovery rally of 1.52% last 2 hrs. --- So today's recovery puts a question mark on the 15mts and 1hr time frames. Because the 15mts is not showing bearishness anymore. And 1hr will not go bearish unless the support levels are taken out. As discussed yesterday also if the support levels are not taken out the momentum which is dying will flip the favor to the bulls who have been waiting till now. Since BN is a no man's land - we dont have a directional strategy that could be deployed currently. to view all 5 charts of today's report contact @viswaram
NSE:BANKNIFTY
by viswaram
Banknifty daily analysis for 18/01/23.Banknifty again tested the 42k levels and regained some points, giving a close around 42200 level. The market opened some points higher and took support from the hourly 20 ema. In the second half the support and moving average was broken and market tested the support level of 41950. Index has formed a doji and closed almost flat, just wiping off option premium. On 15 minutes chart, the market took resistance from 200 ema and it closed near the same level. Support :- 42100, 41900 Resistance :- 42430, 42700 Banknifty has closed in a confusion state. Bullish trades can be carried once the market crosses today's high. In case, the market remain bullish and close above 42700 levels, a morning star pattern will be formed and swing trades can be carried. Wait for the price action near the price levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
FASP levels for Bank Nifty 18/01/2023 The FASP for BankNifty is listed for 18-1-2023 . 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