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Bankniftyprediction

#Banknifty Trading Important levelsOn 1 Day Timeframe, Banknifty Index trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Banknifty Index. Breakdown Move - Confirmation for breakdown will be if Banknifty Index starts trading and sustain below 50311 level - Downside rally nearly 2000 points expected in case of breakdown - Intermediate support expected near 48855- level - Short Trader can place there stop loss if Banknifty Index starts trading above 50568 level Breakout move - Long side movement expected in case Banknifty Index starts trading and sustain above 50568 level - Above this level Banknifty Index can go upto the 53070+ level. - Intermediate resistance expected near 52280 level - Long trader can place there stop loss if Banknifty Index starts trading below 50311 level.
NSE:BANKNIFTY
by TradZoo
1
[INTRADAY] #BANKNIFTY PE & CE Levels(03/06/2024) Today will be Huge gap up opening in BANKNIFTY. After opening if banknifty sustain above 50050 level then possible upside rally of 400-500 points upto 50450 level & this rally can extend another 400 points if market gives breakout 50550 level in todays session. Any Major downside only expected in case banknifty starts trading below 49950 level. also possible reversal downside 50450 level. (Note:have possibility market give another 400 points rally if market can go above 51050 level)
NSE:BANKNIFTY
by TradZoo
Analysis Next Week 03-07 June 2024 | Lok Sabha Election ResultsIn 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:NIFTY
by TheStockMantra
2
Banknifty prediction for tomorrow 3 June | MondayAs we discussed, the Banknifty sideways and bullish structure market gave a volatile move in the uptrending channel range, as we discussed in case 1. If we look at the chart now: The market took very nice support from 200 EMA and is moving in an uptrending channel. The market is also making an inverted Flag & pole pattern, which is a bearish pattern. If the market breaks the pattern to the downside, it might make a nice bearish move. Support levels: 200 EMA, 448487, 48223, 48000 resistance levels: 49061, 49315, 49650 If we look at the OI data: PCR = 0.76, which has fallen from 0.82, shows the market is turning to a bearish side. 49000 is max pain. Maximum positions have been added at 49500 and 50000. on the lower side, 48500 and 48000 People are making Strange for election results. That can also be seen on the chart. People are making short strangle in a wide range as premiums are already skyrocketing. I am expecting the market: Case 1 : Sideways in the uptrending channel. Case 2 : if the market breaks the channel to the downside, the market will turn bearish. With a good volatility market in upcoming sessions because VIX is 24.60. Reason: RSI is 40-60 shows a sideways structure. Price > EMA(13, 50, 200), which indicates a bullish market structure, but as it is moving in the channel bullish direction is not yet confirmed The last two candles have given good volume at the buy candle as well as good volume at the sell-off, which indicates sideways market pressure. PCR = 0.82 shows good market bullish sign. Price > VWAP shows that a bullish market structure. Verdict: Sideways in the channel and bearish if it breaks to the downside. Plan of action: Case 1: Sideways: Sell 49200 CE & 48500 PE (Hedge it with 50/- premium options) Case 2: Bearish: Sell 49200 CE (Hedge it with 50/- CE option)
NSE:BANKNIFTY
by finnova_
Banknifty analysis for tomorrow 31 MayAs we discussed, the Banknifty bearish or Sideways structure market gave a volatile move in range, as we discussed in case 1. If we look at the chart now: The market took very nice support from 200 EMA. And it was quite volatile for the whole day. The Price is struggling to break the 50-EMA resistance. The market is going to be sideways in the range of 48487-48899 unless it breaks to the upside (high probability). If we look at the OI data: PCR = 0.82, which has risen from 0.63. shows a good amount of PE writing on the lower side. There has been good CE and PE writing at 48500 and 49000. The next support point is 48000 on the lower side and 49500 on the upper side. People are making Strange for election results. I am expecting Case 1: Sideways in the range 48487-48900. Case 2: if the market breaks 48900 to the upside- Bullish With a good volatility market in upcoming sessions because VIX is 24.2. Reason: RSI is 40-60 shows a sideways structure. (Bearish) EMA(50) > Price > EMA(200), which indicates indecisive or rather sideways market. The market has taken support from 200 EMA, which might lead to a bullish market in the upcoming session. The market has given a good volume spike that shows this level is good support. PCR = 0.82 shows good market bullish sign. Price> VWAP shows that a bullish market structure can lead to a Bull market. Verdict: Sideways (70% chances) or Bullish (30% chances) Plan of action: Case 1: Sideways: Sell 48500 PE & 48900 CE (Hedge it with 50/- premium options) Case 2: Bullish: Sell 48600 PE (Hedge it with 50/- CE option)
NSE:BANKNIFTY
by finnova_
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_