Nifty & Bank Nifty Analysis For 07 May 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too.
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Bankniftyprediction
Volatility to be the King for coming week !! There bearish indication on charts on weekly and daily charts but on shorter time frame 15-30 mins its creating bullish pattern, pattern still needs a breakout out. looks at these structure it looks we will have volatility seen over the week.
Key things to note any close above 22800 level we would see a strong up move in nifty till 23400. any close below 22350 will open doors for 21800 again !! Friday close was exactly at support area.
Bank nifty is still not out from short term bearish side, need a close above 49200 for more upside till 49600-50K level, any close below 48600 will open doors for 48200 and below.
Nifty & Bank Nifty Analysis For Next Week 06 May-10 May 2024In this video, we'll discuss about Last week's Market Movement and share Next week'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!
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02 May 2024 - BankNifty is not bearish yet, still holding gainsBankNifty Analysis - Stance Bullish⬆️
BankNifty's pattern is quite interesting, unlike N50, it did not even attempt to recoup the losses in the last hour of the previous session. It is too early to comment if it is bearishness as the charts do not say so. But the way a few banks dropped today was quite worrying. Despite that, BN did not cede ground - quite surprising on how the other banks came to stabilize the index after Kotak took the beating.
On the 63mts TF, BN looks bullish still - but the obvious thing it had to do was to retrace at least 50% of the RED candle @ 14.30 yesterday. The run up so far has been more than expected, so taking a pause or even giving up some gains is not bad at all. We wish to start the day with a bullish tone and then go neutral if 48934 is getting breached.
Algos made only 859 INR today.
BANKNIFTY Intraday Trade Setup For 3 May 2024BANKNIFTY Intraday Trade Setup For 3 May 2024
bullish- Above 49550
Invalid-Below 49440
T- 50075 50685
Bearish-Below 49100
Invalid-Above 49210
T- 48550 48050
BANKNIFTY has closed with a slight cut of 0.34% today. It did not give the pullback move expected as our main criteria was that Tuesday's low should have been safe as discussed on Tuesday EOD. As index gave a breakout of ATH few days back so bulls may try to close at ATH levels, so 49550 will play an important swing to initiate a bullish move. Below 49110 index will dive towards plotted 0.618 half bat.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 49550 then we will long for the target of 50075 and 50685.
For selling we need a 15 Min candle close below 49100. T- 48550 and 48050.
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.
[INTRADAY] #BANKNIFTY PE & CE Levels(02/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49550 level then possible upside rally of 400-500 points upto 49950 level & this rally can extend another 400 points if market gives breakout 50050 level in todays session. Any Major downside only expected in case banknifty starts trading below 49450 level.also possible reversal downside 49950 level.
30 Apr 2024 - BankNifty's last candle takes out the full dayBankNifty Analysis - Stance Bullish⬆️
Banknifty does a perfect parabola and it really went by the script. Even though my Algos are non-directional - it has a huge hit rate on expiry days as the ATMs usually go to zero and the risk: reward is quite favorable. Despite having a directional move today, the slow grinding worked out in my favor until the 13.59 candle.
We rallied 474pts ~ 0.96% in 12 minutes and then fell 723pts ~ 1.45% in the last 60. I am quite sure, there is absolutely no way you can capture that kind of move via an algo. If you know someone who made money from this move, let me know - I am ready to be his/her student.
On the 63mts TF, notice the last candle, after hitting a new ATH - the profit booking brought us down below the previous close. The entire day's gain was wiped out in a single candle.
Algos were sailing perfectly till the 13.59 candle, quite happy to have given out only 49233 INR as losses today.
BANKNIFTY Intraday Trade Setup For 1 May 2024BANKNIFTY Intraday Trade Setup For 1 May 2024
Sell_1- From 49700
Invalid-Above 49810
T- 49390
Sell_2- Below 49240
Invalid-Above 49350
T- 48650
BANKNIFTY has closed on a bearish note as day ended near day low. It has formed a shooting star just after the breakout so may not be of that use also day was closed flat closing basis. High chance of a bounce towards 49700 if today's low will be untouched tomorrow, same can act as intraday resistance. Below 22240 post bounce atleast 0.382 from 49975 we will short. Index may find a strong support near 48600-50 zone.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 49240 then we will short for the target of 48650.
2nd short will be planned from 49700 in case of a gap up. T- 49390
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.
Banknifty analysis for tomorrow 30 Apr 24As we discussed, Banknifty, if it takes support at 200 EMA, will make a higher high, but we didn't expect that heavy bullishness.
If we look at the chart:
The market is trading in the 4H-TF resistance zone; it has also broken an all-time high. That indicates bulls are very powerful, and today's moment reflects that. The price is very far from the EMAs(50, 200). there is a chance the market might consolidate here for 1 or 2 days.
All important levels have been marked at the chart.
If we look at the OI data:
PCR = 1.65, which has risen from 0.76. it's a very strong change in OI that shows there is something very big event coming up. 49500 and 50000 are showing significant resistance levels. Other than that, not much of the CE is written on higher levels.
On lower levels, there is heavy PE writing that shows that the Bulls are in full control of the market.
FII and DII data do not give much information today.
I expect the market to consolidate here for 1 or 2 days. After that, we will plan our trade according to the price action.
Verdict: Sideways at Resistance
Plan of action : Wait for the market to make some price action here.
Nifty & Bank Nifty Analysis For 30 Apr 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!
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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
BANKNIFTY Intraday Trade Setup For 30 Apr 2024BANKNIFTY Intraday Trade Setup For 30 Apr 2024
Bullish-Above 49500
Invalid-Below 49390
T- 50085
Bearish-Below 48940
Invalid-Above 49050
T- 48480
BANKNIFTY has closed on a bold bullish note after a long time with 2.54% gain today. Buy triggered as per trade setup above 48510 and index just sky rocketed till 49470. In the weekend we discussed that 48700 and 47700 are hourly levels. Breakout of this range in the upside gave a fantastic move. Tomorrow if index opens flat and gives a small pullback towards 49230 and then crosses 49500 then we will buy. 48950 will act as a strong support, post bounce below 48940 we will plan to short.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 49500 then we will long for the target of 50085.
For selling we need a 15 Min candle close below 48940. T- 48480.
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.
BANKNIFTY Intraday Trade Setup For 29 Apr 2024BANKNIFTY Intraday Trade Setup For 29 Apr 2024
Bullish-Above 48510
Invalid-Below 48400
T- 49070
Bearish-Below 48070
Invalid-Above 48180
T- 47550
BANKNIFTY has closed on a neutral note last week, formed a spinning top candle in weekly TF. Index is just following the rising parallel channel since Feb. Last swing low in hourly TF is 47737, below 47700 there can be a good selling. In the higher side 48680 is the high made so above 48700 fresh ATH move will be triggered.
Between this one needs to have non-directional approach. 48510 and 48070 are intraday levels for Monday.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48510 then we will long for the target of 49070.
For selling we need a 15 Min candle close below 48070. T- 47550.
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.
Banknifty Analysis for tomorrow 29 Apr 24As we discussed the live market Banknifty analysis, after that, it showed a huge fall.
If we look at the chart now:
The market is trading at the 200 EMA, which is likely a very good support point. Also, it gave a nice pullback with good volume in the last 15 min. Also, the market is trading at the 0.23 fib level, which is not likely to provide support after such a sharp fall. I expect the market to give the 0.38 fib retracement.
ALL IMPORTANT LEVELS HAVE BEEN MARKED ON THE CHART.
If we look at the OI data:
PCR = 0.82, which has fallen from 0.98, which shows bears are increasing their positions in the market continuously. On the last trading day, there was a huge call writing on upper levels at 48300, 48400, and 48500. on the lower side, 48200 and 48000 are the only PE writing left. If 48000 breaks to the downside, there is not much PE writing on the lower side.
If we look at the FII & DII data, FII and Pro are strong, bearish clients while clients are bullish, which shows that the market is going to open a gap-down.
The market is at a crucial level right now. There are two cases:
Case 1 : If it takes support at 200 EMA, it might come back strong and touch 48600 again.
Case 2: If it breaks to the downside, it's going to test the 0.5 fib level at 47800.
Reasons:
price < EMA(13) shows the market is in a bearish phase. And bears are strong. While the price is taking support at 200, EMA might force the market to take support at this point.
RSI < 50 shows strong bears' power. Bulls are weak at this point. (Bearish)
PCR = 0.82, which has been falling rapidly from 0.98. shows bears are actively increasing their position size. (Bearish)
price < VWAP shows a bearish market structure. (Bearish)
Verdict: Mild Bearish
Plan of action:
Case 1: Sell 48000 PE (Hedge with 15/- PE premium)
Case 2: Sell 48100 CE (Hedge with 15/- CE premium)
Nifty & Bank Nifty Analysis For Next Week 29 Apr-03 May 2024In this video, we'll discuss about Lat week Market Movement and Next Week'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.
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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
[INTRADAY] #BANKNIFTY PE & CE Levels(26/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48550 level then possible upside rally of 400-500 points upto 48950 level & this rally can extend another 400 points if market gives breakout 49050 level in todays session.Any Major downside only expected in case banknifty starts trading below 48450 level.
Bank Nifty Analysis for 26-04-2024BankNifty opened with a gap down of 400+ points and took the support of 47900 and reversed till resistance zone of 48550 in the second part of the trading. Now the resistance zone of 48250 is a support zone.
If BankNifty sustains above the resistance of 48550 we can expect a upward movement to below resistance levels
Resistance 1 48550
Resistance 2 48800
Resistance 3 49000
There is no change in support levels. If BNF moves downward and breaks the major support at 48350. We can expect further 200 points down move till 48150.
Below are the support levels to watch
Support 1 48350
Support 2 48150
Support 3 47900
BANKNIFTY Intraday Trade Setup For 26 Apr 2024BANKNIFTY Intraday Trade Setup For 26 Apr 2024
Bullish-Above 48650
Invalid-Below 48540
T- 48250
Bearish-Below 48050
Invalid-Above 48160
T- 47550
BANKNIFTY has closed on a bullish note with 0.63% gain today. It opened with a big gap down of 400 points and then recovered immediately and ended closing near day high. Seeing today's daily candle if index flat tomorrow and then above 48650 we will get a clear move towards 49250 which may act as resistance. 48070 will act as an intraday support. Below 48050 bears will take charge.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 48650 then we will long for the target of 49250.
For selling we need a 15 Min candle close below 48050. T- 47550.
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.
[INTRADAY] #BANKNIFTY PE & CE Levels(25/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level & this rally can can extend another 400 points if market gives breakdown 47450 level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level.also possible reversal upside 47550 level.
Monthly Expiry Special Nifty & Bank Nifty Analysis For Apr 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.
#TheStockMantra #MarketAnalysis #LearnStockMarket
Nifty & Bank Nifty Analysis For 24 Apr 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.
#TheStockMantra #MarketAnalysis #LearnStockMarket
BANKNIFTY Intraday Trade Setup For 23 Apr 2024BANKNIFTY Intraday Trade Setup For 23 Apr 2024
Bullish-Above 48150
Invalid-Below 48040
T- 48665
Bearish-Below 47600
Invalid-Above 47710
T- 47090
BANKNIFTY has closed on a bullish note with 0.74% gain today. It opened with a big gap up and 10 o'clock range was to be used as per setup but index kept itself inside the range. 0.618 was respected so now we have got market structure levels as 48150 and 47600. Breakout of this range will give us the next directional move. Best scenario will be on flat opening. Above 48150 it will fill the gap created on 15 Apr.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 48150 then we will long for the target of 48665.
For selling we need a 15 Min candle close below 47600. T- 47090.
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.
Nifty & Bank Nifty Analysis For 23 Apr 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.
#TheStockMantra #MarketAnalysis #LearnStockMarket
Monthly Expiry Special Nifty & Bank Nifty Analysis For Apr 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.
#TheStockMantra #MarketAnalysis #LearnStockMarket