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Bankniftyprediction

BankNifty Intraday Support & Resistance Levels for 19.07.2024On Thursday, BankNifty attempted to cross the crucial level of 52750, mentioned in the last post, and made a high of 52782.75 but failed to close above it, ending 223.90 points up at 52620.70. A decisive crossover above 52750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (15m): 52187 - 52315 Near Support/Demand Zone (75m) for weekly trade: 51749 - 51966 Major Support/Demand Zone (Daily): 51138 - 51934 Resistance Levels: Near small Supply/Resistance Zone (30m): 53064 - 53188
NSE:BANKNIFTY
by PriteshPalan
Banknifty analysis for 19/07/24.Banknifty on the weekly time frame is still forming an inside candle. If it crosses the previous weekl high of 52800, a bullish trade can be made. The hourly time frame, there is a inverted Head and Shoulder pattern and the high probability trade can be initiated as Nifty is trading around Life time high of 24800. There is chances of BN catching up with other index. Major Break out level :- 52800 Targets :- 53080, 53250 In case the market starts break down, trade only once it break the support zone of 52150-52200. Wait for the price action around the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Short term trading opportunity in Quess Corp. for 15% UpsideHi, An bullish on-neck Breakout pattern emerged on the Daily chart of NSE:CHAMBLFERT MACD on daily, weekly and monthly time frame is on the bullish side and also expecting the bullish setup to continue. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:CHAMBLFERTLong
by raigvivek
3
BANKNIFTY Intraday Trade Setup For 16 Jul 2024BANKNIFTY Intraday Trade Setup For 16 Jul 2024 Bullish-Above 52820 Invalid-Below 52710 T- 53315 Bearish-Below 52130 Invalid-Above 52240 T- 51600 BANKNIFTY has closed with a slight gain of 0.34% gain today. It has formed a neutral candle in daily TF also nothing triggered as per trade setup. It was said in weekend that weekly range is 52800 and 51700, we need to maintain non-directional approach till index is inside this range. For tomorrow, a zone a has been formed. 52820 and 52130 are levels to watch out. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 52820 then we will long for the target of 53315. For selling we need a 15 Min candle close below 52130. T- 51600. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 15 Jul 2024BANKNIFTY Intraday Trade Setup For 15 Jul 2024 Bullish-Above 52820 Invalid-Below 52710 T- 53370 Bearish-Below 52130 Invalid-Above 52240 T- 51600 BANKNIFTY has closed with a slight cut of 0.72% last week. Last two candles in weekly and daily TF are just opposite. While I will give more importance to weekly TF. Although it closed with minor cut but weekly candle is a Pinbar. 52800 is a major level from which bulls may take strong grip again. Also below its low 51700 there can be a aggressive selling with double force momentum. In between one need to maintain non-directional approach. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 52820 then we will long for the target of 53370. For selling we need a 15 Min candle close below 52130. T- 51600. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Banknifty prediction for tomorrow 12 July 24As we discussed, BANKNIFTY gave a good bearish momentum and recovered it from 51800. If we look at the chart now: The market was trading in a falling wedge pattern, which indicates the upcoming market is bullish. The market has broken it to the upside. The market has given a very sharp recovery from 51800. I can expect some more bullishness in the upcoming market. Support levels: 51770, 52032, 200-EMA, VWAP Resistance levels: 52625, 53100 If we look at the OI data: PCR = 0.81, which has been increased from 0.60, shows a good streak of bulls. Most of the positions have been rounded off today. There is not much new position addition, only the removal of existing positions. Reason: RSI ~ 60 shows the Bullish structure of the market. Price > EMA(13, 50, 200) shows bullisah market structure. PCR = 0.81 shows that the market is bullish. Price > VWAP shows a bearish market structure. Verdict: Bullish Plan of action: Sell 52300 PE (hedge it with 20/- PE option)
NSE:BANKNIFTYLong
by finnova_
2
BankNifty Intraday Support & Resistance Levels for 12.07.2024On Thursday, BankNifty opened gap-up but fell to 51,749, touching the daily and 75m demand zones mentioned in the last post. It then recovered 590 points from the low. The weekly and daily trends (50 SMA) are still positive. Support Levels: Near support/demand zone (75m): 51,510 - 51,784 (tested) Major support/demand zone (Daily): 51,138 - 51,934 Resistance Levels: Near small supply/resistance zone (30m): 53,064 - 53,188
NSE:BANKNIFTY
by PriteshPalan
BANKNIFTY Intraday Trade Setup For 12 Jul 2024BANKNIFTY Intraday Trade Setup For 12 Jul 2024 Bullish-Above 52410 Invalid-Below 52300 T- 52955 Bearish-Below 51740 Invalid-Above 51850 T- 51138 BANKNIFTY has closed on a slight bullish note with 0.16% gain today. It has formed a Pinbar candle in daily TF, which indicates that bulls took liquidity, it can be confirmed if today's high is sustained. Also in 15 MIN TF a falling channel can be seen which is also on verge of breakout. 52410 will be level to trade on breakout. 51740 is a major intra support, breakdown can trigger a good fall towards 51k zone. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 52410 then we will long for the target of 52955. For selling we need a 15 Min candle close below 51740. T- 51138. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Banknifty Prediction for today 11 july 24As we discussed, BANKNIFTY gave a good bearish momentum with a grand bearish opening of 300 points in 5 min. #Time Frame = 30 min If we look at the chart now: The market is trading in the range of 52276-52676. The market is continuously taking support at 200 EMA. Also, the 1D time frame market is receiving support at 13 EMA, which might lead the market to go bullish. Support levels: 52032, 51610, and 200 EMA Resistance levels: 50 EMA, 52625, and 53100 If we look at the OI data: PCR = 0.60, which shows a bearish behavior in the market. The market can be seen as very volatile between 52032 and 52625. 52200 is maxpain. Higher levels have higher CE writing than PE writing on lower levels. Reason: RSI ~ 40 shows the bearish structure of the market. Price = EMA(13, 50, 200) shows market is at make and break point. Soon, there will be good momentum on either side. PCR = 0.60 shows that the market is bearish. Price < VWAP shows a bearish market structure. Verdict: Neutral Plan of action: The morning 15-minute direction will determine the market direction. Once the direction is confirmed, make the position according to case 1 or case 2 as provided.
NSE:BANKNIFTY
by finnova_
1
BankNifty Intraday Support & Resistance Levels for 11.07.2024On Tuesday, BankNifty broke the past three days' low, falling to 52,075 before closing at 52,189.30. It has remained within the 125m Demand Zone for the fourth consecutive day. The weekly and daily trends (50 SMA) are still positive. Support Levels: Near Support/Demand Zone (125m): 51,996 - 52,379 (currently trading inside the zone for the last four days) Far Support/Demand Zone (75m): 51,510 - 51,784 Major Support/Demand Zone (Daily): 51,138 - 51,934 Resistance Levels: Near small Supply/Resistance Zone (30m): 53,064 - 53,188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 10.07.2024On Tuesday, BankNifty remained range-bound for the third consecutive day, neither breaking below the 125m support zone nor surpassing the high of July 5th. The weekly and daily trends (50 SMA) are still positive. All support and resistance levels remain the same as mentioned in the last post: Support Levels: Near Support/Demand Zone (125m): 51,996 - 52,379 Far Support/Demand Zone (75m): 51,510 - 51,784 Major Support/Demand Zone (Daily): 51,138 - 51,934 Resistance Levels: Near Small Supply/Resistance Zone (30m): 53,064 - 53,188
NSE:BANKNIFTY
by PriteshPalan
BANKNIFTY Intraday Trade Setup For 10 Jul 2024BANKNIFTY Intraday Trade Setup For 10 Jul 2024 Bullish-Above 52710 Invalid-Below 52600 T- 53350+ Bearish-Below 52240 Invalid-Above 52350 T- 51680 BANKNIFTY has closed on a slight bullish note with 0.27% gain today. However since 5 Jul EOD, it has been said that 52710 and 52240 is the range to trade on breakout, non-directional approach to be kept inside this range. Since last 3 sessions index has been trading between 52710 and 52240. We need to wait for its breakout to trade directional. Be neutral and wait for market to trigger direction. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 52710 then we will long for the target of 53350+. For selling we need a 15 Min candle close below 52240. T- 51680. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
4
Banknifty predi tion for tomorrow 10 July As we discussed, BANKNIFTY opened sideways and ended sideways with volatility in the uptrending channel. If we look at the chart now: The market is trading in the range of 52276-52676. The market is continuously taking support at 200 EMA. Also, the 1D time frame market is receiving support at 13 EMA, which might lead the market to go bullish. Support levels: 52276, 52000, and 51610 Resistance levels: 52676, 52816, and 53197 If we look at the OI data: PCR = 0.64, which shows a bearish behavior in the market. The market can be seen as very volatile between 52276 and 52676. There has been good CE writing on higher levels, which indicates that bears are powerful. The market should be sideways in the range, and if it breaks the range, it is going to give good momentum. Reason: RSI is 40-60; shows market sideways structure. Price = EMA(13, 50, 200) shows market is at make and break point. Soon, there will be good momentum on either side. PCR = 0.64 shows that the market is bearish. Price < VWAP shows a bearish market structure. Verdict: Neutral Plan of action: The morning 15-minute direction will determine the market direction. Once the direction is confirmed, make the position according to case 1 or case 2 as provided.
NSE:BANKNIFTY
by finnova_
1
Banknifty prediction for today 9 JulyAs we discussed, BANKNIFTY opened sideways and ended sideways with volatility. If we look at the chart now: The market is trading in the range of 52276-52676. Support levels: 52276, 52000, and 51610 Resistance levels: 52676, 52816, and 53197 200 EMA and 50 EMA is going to provide good suport and resistance. If we look at the OI data: PCR = 0.63, which shows a bearish behavior in the market. The market can be seen as very volatile between 52276 and 52676. There has been good CE writing on higher levels, which indicates that bears are powerful. I expect the market to be sideways in the range, and if it breaks the range, it is going to give good momentum. Reason: RSI < 40-60; shows market sideways structure. EMA(200) < Price < EMA(13,50) shows bearishness. If it breaks, the support trendline can give targets till 200-EMA. PCR = 0.63 shows that the market is bearish. Price < VWAP shows a bearish market structure. Verdict: Neutral Plan of action: The morning 15-minute direction will determine the market direction. Once the direction is confirmed, make the position according to case 1 or case 2 as provided.
NSE:BANKNIFTY
by finnova_
BANKNIFTY Intraday Trade Setup For 9 Jul 2024BANKNIFTY Intraday Trade Setup For 9 Jul 2024 Bullish-Above 52710 Invalid-Below 52600 T- 53350+ Bearish-Below 52240 Invalid-Above 52350 T- 51680 BANKNIFTY has closed on bearish note with 0.45% cut today. Although it was bearish, nothing triggered as per trade setup and traded inside plotted support and resistance zone. So we will simply use today's range to trade tomorrow on breakout. 52710 and 52240 are levels to watch out for breakout. Since today's daily candle is a spinning top which is a indecision sign so we need to be neutral and not biased. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 52710 then we will long for the target of 53350+ For selling we need a 15 Min candle close below 52240. T- 51680. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Banknifty prediction for tomorrow 8 July 24As we discussed, BANKNIFTY opened a gap-down and gave a nice bearish momentum to the downside. If we look at the chart now: The market is trading at the support trendline and also took a pullback to the upside in the last hour. The market is also taking resistance at 50-EMA. It might give either side momentum. There can be 2 cases as it's trading at the terminal point. Case 1 : If it opens up, it can continue bullish momentum. Case 2 : if it opens a gap-down to support the trendline, it might continue bearish momentum till 200-EMA. Support levels: 52385, 52081, and 200 EMA Resistance levels: 52827, 53500 If we look at the OI data: PCR = 0.71, which shows a neutral behavior in the market. The market can be seen as very volatile between 52500 and 53000. There is good PE writing at 52500 and 52000, which is going to provide good support. However, 53000, 53100, and 53200 have very good CE writing, which is going to provide a good resistance to the upside. I am expecting the market to be Case 1 : Take support here and again retest the upper resistance trendline. Case 2 : If it breaks to the downside, it can give a bearish target till 200 EMA. Reason: RSI < 40-60; shows market sideways structure. EMA(200) < Price < EMA(13,50) shows bearishness. If it breaks, the support trendline can give targets till 200-EMA. PCR = 0.71 shows that the market is neutral. Price < VWAP shows a bearish market structure. Verdict: Neutral Plan of action: The morning 15-minute direction will determine the market direction. Once the direction is confirmed, make the position according to case 1 or case 2 as provided.
NSE:BANKNIFTY
by finnova_
1
BankNifty Intraday Support & Resistance Levels for 08.07.2024On Friday, BankNifty opened gap-down, found support at the 125m demand zone (51,996 - 52,379) mentioned in the last post, and bounced back but did not fully recover due to a lack of buying pressure, closing 443 points down at 52,660.35. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (125m): 51,996 - 52,379 Far Support/Demand Zone (75m): 51,510 - 51,784 Major Support/Demand Zone (Daily): 51,138 - 51,934 Resistance Levels: Near Small Supply/Resistance Zone (30m): 53,064 - 53,188
NSE:BANKNIFTY
by PriteshPalan