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Bankniftyoptions

Banknifty daily analysis for 09/01/23Banknifty lost around 800 points in this week and closed near 42k levels. Though the index has been trading above the 20 ema but it is forming a bearish pattern on smaller time frame. Banknifty has tested the 38.2% fib level on the weekly charts and if it breaks below it, it can test lower levels. The market on the daily time frame, has closed below the 20 ema and took support around 41900 level. During the last trading session, the market formed a bearish flag and pole pattern and gave a nice break down of more than 300 points and regaining after touching the support level. On 15 minute chart, the market respected the 20 ema and took rejection from it and finally giving a close above it. Support :- 41920, 41650, 41375 Resistance :- 42340, 42645, 42900 The index is trading in a parallel channel formation. The US index Dow Jones has given a break out of the consolidation zone and closed gaining 2%. Indian market can follow the trend. Keep an eye on SGX Nifty, if it is giving a positive move, Indian markets can follow the move. Wait for the price action near the price levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
FASP levels for BankNifty 09/01/2023The FASP for BankNifty is listed for 09-1-2023. 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:BANKNIFTYLong
by SathishChandrasekaran
PostMortem on BankNifty Today & Analysis of 06 JAN 2023Today's 5mts TF shown below - when you look at the last 3 day's price action together, what forms is a continuous falling chart. Price line is moving similar to the EMAs in a 45 degree downward slope. Is this technical? I dont think so, this has to be more fundamental based - thats why FIIs are continuing to sell - i think its the 10th day of selling now. Are the bulls worried - absolutely not. Going by the options premium of PEs and CEs on bank nifty today - i did not see any panic. Bulls are expecting the current levels +500 or -500 to hold this week. Even when today's fall was nearing 2% the OTM PE premiums were not exploding, near money and upto 1500pts PE spiked (which is usual). For bulls to be scared the next 500pts has to be taken out quickly which will create a small level of panic. How to know if there is panic - simply watch the OTM premium prices. When people run for cover - they square off at whatever prices available - this will explode the options premium. Even though we had movement today, since the premiums did not explode - i did not take a trade today. I couldnt short PEs because the technicals shows the market will fall, I couldnt short the CEs because the premiums were relatively low. --- 15mts TF is showing clear bearish signal.  1hr TF will appear bearish if the recent swing low of 41600 support is taken out. The bulls did hold the 41931 support quite well today. Like we discussed yesterday look at the depth of the candles formed near the SR bands & check for spike in volumes of the index components to guess the next move. --- Of the bank nifty components, almost all of them had a similar looking graph. No major anomaly. The last 2 hr pullback ensured NSE:HDFCBANK , NSE:ICICIBANK and NSE:SBIN cut their losses. --- Indian equity market is a complicated institution but let me try to expose a common sense bubble set up in the making. When the covid lockdown of 2020 was announced, most of the professionals lost their jobs, small & medium industries closed down. Govt. encouraged all to take collateral free bank loans. Of the SMEs that survived are doing more pathetically now. And people ploughed all their money to stock market as the indices were rising. So an outsider looking at Indian stock markets & its outperformance may not know this fact. The back bone of India is made up not by the corporates, but by the SMEs, Kirana shops & small vendors.  If these people were forced to put their money into stocks because their mainline business was not doing well. Imagine what will happen if the stocks start crashing - the domino effect will be so strong that these people wouldnt know when to exit. End of the year they will have fewer funds with them and a lost business. Somehow the situation is not reflecting this reality - but it may soon. I am hoping this never happens as it will create a mega depression.
NSE:BANKNIFTY
by viswaram
Confirm Target for Banknifty for Monday Banknifty Pivot Levels Support Zones Frist Support Level For Buying - 41920 - 41950 Second Support Level For Buying - 41650 - 41670 Third Support Level For Buying - 41370 - 41400 Resistance Zones First Resistance Level For Selling - 42230 -42260 Second Resistance Level For Selling - 42600 - 42630 Third Resistance Level For Selling - 42860 -42900 Importent Signal for Banknifty Max Pain As per Option Chain Analysis – 42600 PCR ratio as per Option Chain Analysis – 0.52 ( Bearish ) Major Support as Per Banknifty Open Interest Analysis – 42000 Major Resistance as Per Banknifty Open Interest Analysis – 42500
NSE:BANKNIFTYLong
by manojshinde27
Banknifty daily analysis for 06/01/23.Banknifty has started closing below the 20 Dma and today it tested 42300 levels. Though, in the last hour the markets regained some momentum and closed around 42600. The market has been trending down and there are resistances created on the higher levels that will oppose an up move. On the hourly time frame, the moving averages are close enough and a bearish moving average cross over can be there. Let the market retest the moving average and if it shows some negative signs near the levels, short trade can be initiated. The market has closed near the 20 ema, on 15 minute charts. Support :- 42480, 42300 Resistance :- 42650, 42750, 42900 The global markets are weak and Indian market will follow the down trend. If the global markets close in red, our indices will test lower levels. Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum
BankNifty-06/01/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-06/01/2023-Levels IMPORTENT ZONE FOR THE DAY : 42738 - 42760 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 H_R and SELL with the Rejection of H_R. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of H_S and SELL with the Rejection of H_S. Possibility : GAP-UP If market open as a GAP-UP and moves to UP-Side then BUY with the Support of H_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 H_R and SELL with the Rejection of H_R. 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 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
FASP Levels for BankNifty 06/01/2023The FASP for BankNifty is listed for 06-1-2023. 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
Banknifty daily analysis for 04/01/23Banknifty on the daily time frame has closed near the 20 ema and took support around 42850. On the hourly time frame, the markets are looking in a bearish mode. The market can consolidate in the first half and give a nice movement in the second half due to weekly expiry. The market on the hourly time frame, has closed near the 200 ema and took resistance from 20 ema. Support :- 42800, 42500 Resistance :- 43200, 43500 The market have closed giving only dojis in the closing hour. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BankNifty-05/01/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-05/01/2023-Levels IMPORTENT ZONE FOR THE DAY : 43155 - 43176 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 H_R. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of W_C 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 H_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 W_C and SELL with the Rejection of PDL. 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_G_O 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 daily analysis for 04/01/23.Banknifty whole day traded inside the mother candle and during the closing hours gave a nice closing forming a Bullish Marubozu candle. On the hourly chart, an inverted head and shoulder formation is there and if it give a break out banknifty can test new highs in this series. On the smaller time frame, the market traded near the 20 ema and closed around a resistance zone. Wait for the break out and sustain above the levels. Or a trade can be initiated after a break out and retest. Support :- 43270, 43085 Resistance :- 43600, 43900 The markets are near break out and the index is out performing the global markets. If there is a positive closing in global markets, bullish swing trades can be initiated. Wait for the price action near the level before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BankNifty-04/01/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-04/01/2023-Levels IMPORTENT ZONE FOR THE DAY : 43355 - 43366 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 W_H and SELL with the Rejection of PDH. (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 W_H. (or) If market open as a GAP-UP 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 H_R and SELL with the Rejection of IMP. _______________________ 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
FASP Levels for BankNifty 04/01/23The FASP for BankNifty is listed for 04-1-2023. 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
BankNifty-04/11/2022-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-04/11/2022-Levels IMPORTENT ZONE FOR THE DAY : 41260 - 41350 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 H_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 H_R and SELL with the Rejection of H_R. (or) If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of H_R 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 H_S and SELL with the Rejection of IMP. _______________________ 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
PostMortem on BankNifty Today & Analysis of 01 JAN 2023The first trading day of the calendar year 2023 & the major global markets are on NEW YEAR's holiday. So the action we had today was much limited to local cues. Although there was some participation of FIIs - they remained net sellers even today also. Coming to banknifty, the open was inline with the pattern of 30th Dec and then we had a big jump at 09.30 & 09.35 candles, +286 pts. This ensured that the resistance level of 43252 is brought into action today. From there we had the first swing high of 43362 at 10.05 and then a pull back to the support level, 2nd swing high at 10.35 & a third at 11.10.  Unable to move higher bank nifty cooled off with almost a 45 degree fall till 14.15. Total fall of 321pts. I assume here is where the FIIs would have unwound their position. And the best part the period from 14.20 to close where it pulled back to the resistance level and closed at 43234 - a pretty strong candle at 14.45. We discussed last week how the bank nifty bulls are feeling, they literally are in the driver's seat.  --- Banknifty components had anomaly today, lets discuss one by one NSE:HDFCBANK had a gap down opening and went lower initially, then it climbed back till 11.05. Then the fall till 14.25 and then a recovery to finally close flattish. NSE:ICICIBANK was strong from the start, in fact the only major component not to go into red today. Today's swing was within the range set on 29th and 30th dec. NSE:SBIN eventhough had a good opening, the final chart pattern was a bit flattish with negative bias. NSE:AXISBANK started gap down and then went up till 10.55 & then a decent fall back to the flat line till 14.15. From there till close an unbelievable spike. Close to 1.4% move in final 75mts. NSE:KOTAKBANK also had a positive vibe till 11.05 and then a fall till 14.25. Almost a similar spike from 14.35 to close like axis. NSE:INDUSINDBK was in a flattish with minor declining bias. Again the spike at 14.25 till end ensure the final close is in green --- 15mts vs 1hr TF. The 15mts shows uptrend with today's move at a critical resistance point. 1hr TF shows a decent pull back from the 14th Dec fall. But the pattern is no bullish as it could even be a lower high, so until 44151 is not taken out we dont have to look for bullish case.
NSE:BANKNIFTY
by viswaram
Banknifty daily analysis for 03/01/23.Banknifty has taken a good support from 20 Dma and formed an inside candle. The market as predicted took a halt and nice targets on the either side can be captured in the coming days. On the hourly chart, the market took support form the moving average and closed gaining 200 points. There is a bullish moving average cross over. The market after a initial up move, consolidated and remained in a narrow range. Support :- 43080, 42970 Resistance :- 43310, 43435, 43600 The market can give nice trending market either side in the coming days. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty daily analysis for 02/01/23.Banknifty is strong and has given a dragon fly doji on the monthly chart. The market has formed an inside candle and closed gaining 3% on weekly time frame. Even on the daily time frame, the market has formed an inside candle and took support from 20 ema. Banknifty has been respecting the support of moving averages and has closed near the 43k levels. Both the indices are unidirectional and if the indicies continue to follow one another, Banking index can continue to form new ATH in this series. Support :- 42970, 42685 Resistance :- 43190, 43435 Now, the market has starting given nice trending moves. Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum
FASP Levels for BankNifty 02/1/2023The FASP for BankNifty is listed for 02-1-2023. 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