We have Seen A good Move in Index now Market is very volatile and Stocks Composition of BankNifty is Still Under pressure. BankNifty is forming a RISING WEDGE PATTERN any side breaking the level may give us Good momentum on that direction. please Mind the Levels Given in the Chart
PCR IS : 0.82 for 22-09-2022 Expiry So we may some downside opening to sideways...
#banknifty call above 41650 tgt-41850\42000
#banknifty put below 41200 tgt-41000\40800
sl keep 100 points atleast.
if gap down than buy call above 41200 tgt-41400
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Welcome to SriTrader5121
BankNifty-21/09/2022-Levels
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 R@1.
(or)
If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S@3 and SELL with the Rejection of S@1.
When the S&P does a relief rally for one day, our bank nifty thinks its a reversal and shoots up. Look at what happened today, BN opened gap up at 41304 up 400+ pts and then takes out the resistance in the first candle itself. Look at the strength today, the resistance level was never tested, the gap never tested.
The bank nifty continued to show the strength...
Banknifty is taking resistance from the upper levels and is not holding to the levels. It has formed a doji on the daily closing.
Though, it is trading above the 20 ema on the hourly time frame but its not closing above the 41500 levels.
Banknifty lost its initial gains in the second half of the trading session and closed below the 20 ema on the smaller time...
Hello Traders,
Welcome to SriTrader5121
BankNifty-20/09/2022-Levels
Markets looks like open as a GAP-UP.
If open as a GAP-UP and moves to UP-Side then BUY with the Support of R@3 and SELL with the Rejection of PDH.
(or)
If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of S@2 and SELL with the Rejection of S@1.
Please refer my related idea where the first upper target 41200 has been touched and profits booking rest of the day.
A morning momentum was slowly eaten by profit bookings but market has retested the channel. Seems like flag pattern in 30 minutes also inverse head and shoulder yet to complete in 15 minutes.
I am currently with bullish mindset as it might touch...
Bank nifty opened (40685) right at the support level (40689) made an aggressive move down to 40509 which happened to be the swing low of last working day. For a moment i thought bank nifty is breaking down - but it didnt & the support held quite strong. The 4th candle was a pretty strong one and pulled the BN up.
However bank nifty did not have enough steam to...
Banknifty has formed another doji on the daily time frame.
The market after the initial push has consolidated.
It is respecting a trend line and a flag and pole pattern is formed on the hourly time frame,
On 15 minute time frame, banknifty traded around its 20 ema and closed around it.
support :- 40850, 40660
Resistance :- 41000, 41180
The market remained...
bank nifty on the daily chart is bullish but in the last two sessions, it's seen selling pressure due to the global market.
In a shorter time frame, it forms the bearish structure on the chart but waits for trend reversal confirmation.
all-important levels are marked on the chart.
Banknifty on the weekly time frame has formed a double top pattern and a spinning top doji candle.
The market has closed 400 points lower after forming a new ATH.
on the hourly time frame, banknifty has closed below its 20 ema and 41000 levels.
Still the banking index seems to be strong as compare to the nifty index.
Banknifty has given a nice recovery in the...
Here are the levels of #banknifty
Strictly follow levels, BUY only above If It close a 15min candle above previous day high.
Otherwise prefer option selling or hedging still If you want to buy option then just go for monthly expiry one.
Can sell a call of 41000 CE and targets are according to our given levels.
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{I am not SEBI registered analyst, Please consult...
Bank nifty opened gap down at 40977 tried to close the gap till 9.35 but broke down, made an interim low at 10.00 and then tried to close the gap again till 12.35 but failed. The price action from 12.40 to 14.20 was the only realistic move made by bank nifty this week. Imagine when the global set up is very poor and our Nifty50 major index is showing lack of...
Please find the related idea to this where I mentioned downside it touched 40800 and went even below but closed at 40800.
Important channel has broken today but market closed near to it. It could be retest can go further down thus reversal might also begin if it breaches 39700.
However we shouldn’t predict one side of the market. On upper side 41200 will be...
Today will be gap down opening in banknifty . After opening if banknifty sustain above 41050 level then possible upside rally upto 41450+ level in today's session. Reversal is 41450 this level and this can be extend for downside upto 40550 in case banknifty starts trading below 40950 level.
Wednesday we saw index closed above 41300 which was a resistance previously but on Thursday it failed to hold the level and prices rejected from higher level.
Till we are holding below 41300 its a sell on rise. Some retracement is possible on this index.
Expecting correction till 39900 level.
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(16/09/2022)](https://s3.tradingview.com/t/tiQqfaKI_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(16/09/2022)")
