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BANKNIFTY Intraday Trade Setup For 30 May 2024BANKNIFTY Intraday Trade Setup For 30 May 2024 Bullish-Above 48700 Invalid-Below 48590 T- 49230 Bearish-Below 48350 Invalid-Above 48460 T- 47625 BANKNIFTY has closed on a bearish note with 1.3% cut today. Index opened with a big gap down of 355 points. 10 o'clock range was to be used as per setup, range broke downside below 48770, trade gave almost 1:4 gain till 48405 with slow momentum. Tomorrow if 48350 acts as a initial support then a bounce towards 48700 zone is possible. In case index breaks 48350-30 then a gradual fall towards 47625 is possible. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 48700 then we will long for the target of 49230. For selling we need a 15 Min candle close below 48350. T- 47625. 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 30 May As we discussed, the Banknifty bearish structure market gave a very nice momentum to the downside. If we look at the chart now: The market is trading at 200 EMA(30 min TF), which can provide potential support. Also, bank nifty is trading between fib 0.50 and 0.61, which might also be a good support zone. The price is trading lower than EMA(13,50) and above EMA(200). this zone is perfect for taking support for Banknifty. If we look at the OI data: PCR = 0.63 shows a bearish signal in the market. There is good writing on both sides at 48400 and 48500. 48000 has good PE writing, so it is going to provide a good support zone. on the upper side, 49000 is going to be a hard resistance zone because of heavy CE writing. I am expecting Case 1: Sideways in range 48400-48853. Case 2: if the market breaks 48400 to the downside- Bearish With a good volatility market in upcoming sessions because VIX is 24.2. Reason: RSI < 40 shows a weak bull structure. (Bearish) EMA(13) > Price >= EMA(200), which indicates indecisive or rather sideways market. The market might receive support at 200 EMA. The market has given a good volume spike that shows this level is good support. PCR = 0.63 indicates bearish. price < VWAP shows that a weak market structure can lead to a bearish market. Verdict: Bearish or Sideways. Plan of action: Case 1: Sideways: Sell 48400 PE & 48850 CE (Hedge it with 15/- premium options) Case 2: Bearish: Sell 48400 CE (Hedge it with 15/- CE option)
NSE:BANKNIFTY
by finnova_
8
BANKNIFTY Intraday Trade Setup For 29 May 2024BANKNIFTY Intraday Trade Setup For 29 May 2024 Bullish-Above 49350 Invalid-Below 49240 T- 49775 Bearish-Below 49040 Invalid-Above 49150 T- 48450 BANKNIFTY has closed on a bearish note with 0.28% cut today. Yesterday we discussed that chances of index being inside 49700 and 49000 is high, so has happened today. Now tomorrow chances of a trendy move tomorrow. Below 49000 index may slip towards 48450 zone. Above 49350 chances of a upmove is also there. Be ready for both side moves ahead of major event. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 49350 then we will long for the target of 49800. For selling we need a 15 Min candle close below 49040. T- 48450. 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
Nifty & Bank Nifty Analysis For 29 May 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
NSE:NIFTYShort
by TheStockMantra
Banknifty prediction for tomorrow 29 Mar | Expiry SpecialAs we discussed, the Banknifty sideways or bearish structure market was bearish while having sideways volatility. If we look at the chart now: The market has broken the support level to the downside with a continuously increasing volume. If the market fails to take support at 50 EMA, it will fall rapidly to the 48631 level. RSI is also below 50 and about to cross 40, which will lead to a strong, bearish structure, and the market can correct itself to 200 EMA levels. If we look at the OI data: PCR = 0.80, which has fallen from 0.98. That indicates that there is good CE writing at higher levels, which can also be seen in the OI chart. 49000 is the max pain for Banknifty. Also, the next good PE writing is at 48500. there is not much CE writing on lower levels. I am expecting a bearish market with a good volatility market in upcoming sessions because VIX is 24.2. Reason: RSI < 50 falling from the upside shows a good reduction in the bull's strength. If it crosses 40 on the downside, the market will be strong and bearish. EMA(13) > Price > EMA(200), which indicates indecisive or rather sideways market. the market can correct itself till 200 EMA. The market has formed a lower high that indicates the market is bearish. PCR = 0.80 indicates mild bullish, but this has fallen from 0.98, which shows good CE writing on higher levels. price < VWAP shows that a weak market structure can lead to a bearish market. Verdict: Bearish Plan of action: Sell 49100 CE (Hedge it with 15/- PE premium) Note: you can target 200 EMA.
NSE:BANKNIFTYShort
by finnova_
BANKNIFTY Intraday Trade Setup For 28 May 2024BANKNIFTY Intraday Trade Setup For 28 May 2024 Bullish-Above 49700 Invalid-Below 49590 T- 50200 Bearish-Below 49050 Invalid-Above 49160 T- 48450 BANKNIFTY has closed with 0.63% gain today. Buy triggered above 49060 and hit our target perfectly (49688). Price took resistance exactly at our target and in the last 45 Min fell with full force but it seems like DIIs came and supported the market and observed the selling. Chances of a range bound market looks high between 49700 and 49000 tomorrow. Breakout of this zone may trigger a directional move. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 49700 then we will long for the target of 50200. For selling we need a 15 Min candle close below 49050. T- 48450. 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
Nifty & Bank Nifty Analysis For 28 May 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
NSE:NIFTYShort
by TheStockMantra
Banknifty Prediction for tomorrow 28 MayAs we discussed, Banknifty's bullishness in past sessions has hit its target today. If we look at the chart now: The market has touched the target (49471), as we mentioned in the previous analysis. A huge fall was registered once the given target got hit. That means it's working as a good resistance zone for the upcoming session. Now, for the market to go further, it has to take some consolidation in the range (49168-49650), which is Fib level (0.38). If we look at the OI data: PCR = 0.98, which has fallen from 1.34. That indicates that it had a huge PE winding today, which can also be seen in the OI chart. There is a CE addition for 49500 and 50000, which is going to provide good resistance from now on. 49000 is good support at lower levels. I am expecting a sideways in the range (49168-49650) with a good volatility market in upcoming sessions because VIX is 23+. Reason: RSI ~ 60 falling from the upside shows a good reduction in the bull's strength. EMA(13) > Price > EMA(200), which indicates indecisive or rather sideways market.. The market is still making HH & HL, which shows bullishness, but a huge selling pressure from the upside shows lots of sellers' interest that might lead to a sideways market. PCR = 0.98 indicates bullishness, but this has fallen from 1.34, which shows lots of profit booking on the upside. price < VWAP shows that a weak market structure can lead to a bearish or sideways market. Verdict : Sideways or Bearish Plan of action: Sell 49600 CE and 49100 PE (Hedge it with 15/- premium) Note: Exit CE if it breaks 49700 to the upside & Exit PE if it breaks 49100 to the downside. But right now, there are more chances for the market to be sideways or bearish.
NSE:BANKNIFTY
by finnova_
Nifty & Bank Nifty Analysis For Next Week 27 May-31 May 2024In this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTYShort
by TheStockMantra
Banknifty prediction for Today 24 MayAs we discussed, Banknifty gave a very nice momentum with huge bullishness. If we look at the chart now: The market has broken the wedge pattern to the upside, and it is also continuously making HH and HL. The price is trading above EMAs, which shows strength in the price. Also, RSI > 60 shows huge bullishness in the market. If we look at the OI data: PCR = 1.20, which has risen from 0.73, shows huge PE writing on the Lower side, indicating a bullish structure in the market. The market does not have much CE writing on the higher side. That makes bulls more powerful. Lower levels have good support levels, as shown in the OI chart. I am expecting a sideways market to go bullish. It might take some sideways consolidation, but I am overall bullish on the market. Reason: RSI > 60 shows the market is having very good strength. Price > EMA(13,200), which indicates powerful bull market. The market has broken the pattern to the upside while making HH and HL. PCR = 1.20 shows a heavily bullish nature in the market. price > VWAP shows weak market structure. Verdict: Sideways or Bullish Plan of action: Sell 48600 PE and 49100 CE (Hedge it with 15/- premium) Note: Exit the opposite either side it breaks
NSE:BANKNIFTYLong
by finnova_
BANKNIFTY Intraday Trade Setup For 24 May 2024BANKNIFTY Intraday Trade Setup For 24 May 2024 Bullish-Above 48850 Invalid-Below 48740 T- 49450 Buy_2- From - 48250 Invalid-Below 48140 T- 48800+ BANKNIFTY has closed on a bold bullish note with 2% gain today. After 2 weeks it was a clear trendy day. Tomorrow once again we can expect continuation above today's high. Best scenario will be on a flat opening a slight pullback before the breakout of 48850. In case there is a down move then 48250 will be a strong support (38.2%). We will consider a buy position from the same. Avoid bearish view till a bearish price action establishes in 15 Min TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 48850 then we will long for the target of 49450. 2nd buy can be considered from 48250. T- 48800+. 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
21 May 2024 - BankNifty has a candle below Banknifty had a more flattish tone today compared to Nifty. The hesitance to get past the 48115 resistance was clearly visible. Even though Nifty closed the day flat, BN gave up some points ~ 151, -0.31%. We wish to start the 22nd with a bullish view but switch back to neutral if the 48115 resistance is not getting taken out. Since 22nd is the expiry day, the actual moves may not be conclusive. Will wait for the 3pm move to guess the direction with a higher confidence level
NSE:BANKNIFTYLong
by viswaram
Banknifty prediction for tomorrow Expiry 22 MayAs we discussed, Banknifty was sideways today. If we look at the chart now: The market is trading at 200 EMA, breaking off, which might lead to a double top neck break to the downside. The market is making a rising wedge pattern after a huge fall, which might be a preparation for next fall to the downside if it beaks to the downside. Important support levels will be 47800, 47387, and 47000. on the other hand, 48231, 48445, and 48587 are going to provide a good price action resistance. If we look at the OI data: PCR = 0.73, which has fallen from 0.98, which shows huge CE writing on the upper side, indicating a bearish structure in the market. 48000 is maxPain. On the higher side, there is a huge amount of resistance at each level. However, on the lower side, PE writing is less effective, which indicates that the market might fall in the upcoming session. I am expecting a sideways market inside a rising wedge pattern. If it breaks down, I expect a good bearish move to the 47387 level. Reason: RSI is 40-60 shows the market is going to be sideways. Price < EMA(13,200), which indicates weak bulls. The market is making a rising wedge pattern. If it breaks to the downside, it's going to give a nice fall. The market is making double the top if the price breaks the downside of 200 EMA. There is a high probability of market bearishness. price < VWAP shows weak market structure. Verdict: Sideways inside rising wedge. if breaks to downside Bearish. Plan of action: Sell 48200 CE and 48800 PE (Hedge it with 15/- premium)
NSE:BANKNIFTY
by finnova_
Banknifty - Intraday levels & Prediction for - 21 May 2024Banknifty Prediction for Tomorrow and Current Week: Trend : BEARISH Sentiment : Positive Expectation : Moderately BEARISH Banknifty expected to be in range between 48300 & 47700 support and resistance Level this week respectively. Tomorrow Banknifty likely to Open flat and BEARISH fall might be there before it moves on the higher side. However the weekly trend is going to be sideways this week so we cant expect trending move until the Election Result. Strong BEARISH fall will happen incase 47700 Support is compromised. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:BANKNIFTYShort
by ViVenTraders
BANKNIFTY Intraday Trade Setup For 20 May 2024BANKNIFTY Intraday Trade Setup For 20 May 2024 Bullish-Above 48300 Invalid-Below 48190 T- 48720 49165 Bearish-Below 48000 Invalid-Above 48110 T- 47450 BANKNIFTY has closed on a slight bullish note with 1.64% gain last week. Index is taking 5th bounce from channel's lower trendline in daily TF. As per this ongoing pattern index will test the upper trendline. One need to check previous lows in daily TF, break of any previous will trigger a downside structure which be somehow strong. Topping out signs needs to be spotted in monthly TF. I will treat index decline till it is below 50k and bullish above the same. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48300 then we will long for the target of 48720. For selling we need a 15 Min candle close below 48000. T- 47450. 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
2
Banknifty Prediction for tomorrow 20 May 24As we discussed Banknifty sideways or Bullish; it ended-up sideways with high volatility on upper side. If we look at the chart: The market is trading at support (Price action + 200 EMA support) right now. the important levels for tomorrow are 200 EMA, 48000, 47400 will be working as very good support. while 48445, and 49125 will be working as nice resistance. If we look at OI data: PCR = 0.98 shows bullish structure. if we notice most of the time today there was only position wind off. 48200 seems to be working as max-pain. while major shpport zone is 48000. on the higher side 48500 is going to provide a heavy resistance. As market is in breakout phase I am expecting market yet to go higher. Reasons: RSI crossing 60 to upside that might be a starting of new bullish trend. Price > EMA (13, 200), which shows the market can take support at 200 EMA and go bullish. PCR = 0.98 shows a bullish sign. Price > VWAP means bulls are getting strength. The market has already given a breakout it was a good accumulation today; soon, it will shoot to the upside soon. unless there is some political news effect. Verdict: Sideways or Bullish Plan of action: Sell 48000 PE and 48400CE (Hedge with 20/- Premium)
NSE:BANKNIFTYLong
by finnova_
16 May 2024 - BankNifty goes bullish, strong intraday rallyBankNifty Analysis — Stance Bullish ⬆️ The stance on BN also revised to bullish not because we took out the resistance, but due to the 707pts ~ 1.5% intraday rally that came right from the support level. Usually, powerful moves like this will have extended legs that could start appearing in days to follow. We only need to know whether the move came out from a news event or not because if it did, then no amount of technical analysis can codify it. BN has also formed a W pattern showing bullishness. On the 63mts TF, the final candle of the day almost fills the gap between the support and resistance. Hoping to see follow through tomorrow. The algos were at a loss today, understandably so because of the wild swings we got today.
NSE:BANKNIFTYLong
by viswaram
BANKNIFTY Intraday Trade Setup For 17 May 2024BANKNIFTY Intraday Trade Setup For 17 May 2024 Bullish- Above 48070 Invalid-Below 47960 T- 48665 Buy_2- From 47650 Invalid- Below 47540 T- 48100+ BANKNIFTY has closed on a bullish note with 0.61% gain today. It was just too volatile the whole day. Twice it got sold into with a deep pullback. Index gave a sharp recovery and closed near day high. It has formed a Pin-bar candle in daily TF, above today's high we can expect good up move towards 48665. Index may find intra support near 47650 zone. We will maintain bullish view tomorrow but with TSL in 5 MIN TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 48070 then we will long for the target of 48665. 2nd buy can be done from 47650 zone. T- 48100+. 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
6
Banknifty Prediction for tomorrow 17 May 24As we discussed Banknifty sideways or Bullish; it ended-up sideways with high volatility. If we look at the chart: The market is trading at resistance (Price action + 200 EMA resistance) right now. the important levels for tomorrow are 47401, 47000 will be working as very good support. while 200 EMA, 47970, and 48332 will be working as nice resistance. If we look at OI data: PCR = 0.88 shows bullish structure. if we notice today after 11 AM they is a very heavy CE winding up in the market. 48000 CE was removed approx 33% that shows big players are winding up CE positions in heavy quantity. which might push the market to upside. FII and DII not yet available. I nam expecting market to go Higher in uppcoming sessions. Reasons: RSI crossing 60 to upside that might be a starting of new bullish trend. Price > EMA (13) but less than 200 EMA(resistance), which shows the market still has to break 200 EMA to go bullish. PCR = 0.88 shows a bullish sign. Price > VWAP means bulls are getting strength. The market has already given a breakout it was a good accumulation today; soon, it will shoot to the upside. Verdict: Sideways or Bullish Plan of action: Sell 48000 CE and 47600 PE (Hedge with 20/- Premium)
NSE:BANKNIFTYLong
by finnova_