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Bankniftyprediction

Banknifty intraday levels for monthly expiry 27/03/24.For last few trading sessions, market is volatile and is taking the stop losses. Today also the market remained in a range and closed below the daily 20 ema. There is a rejection from the levels and an inverted hammer is formed on the daily charts. If there is a gap up to flat opening and market starts trading below today's low, it can test the lower support levels. Fibonacci levels are also retested on the bearish front. Now market has to decide which trend to follow as it has been creating confusion. Major support levels :- 46400, 46150 Resistance levels :- 46750, 46940 Tomorrow is the montly expiry for banknifty. It has been consolidating in a range for last 3 trading session and there is a possibility of it showing some trending move. Wait for the pirce action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Bank Nifty 27-03-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone Sell - Below Side-ways-zone See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 ______________________________________ Rules to fallow... 1) Wait for conformation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. ______________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purpose and a helping hand to learn trading in live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at respective zone how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Banknifty prediction for today 22 Mar 24Hello Traders, as we have been discussing the resistance line and bears and bull zone in Banknifty, it has broken the resistance line and entered the bull zone, where I expect the market to be bullish. if we look at the chart now: The market broke to the upside yesterday. It opened at +500 and ended up sideways. That means the market is not consolidating at this level now. The market is going to be sideways in the range of 46630-46950. If we look at the OI data: PCR = 0.91 shows the bullish market indication. There is good support at the 46500 level and Resistance at 47000. Intermediate levels have been written equally by both parties. I am expecting the market to be Bullish for this expiry session. All important levels have been marked on the chart. Support: 46627, 46277, 45907 Resistance: 47437, 46900 Verdict: Bullish Plan of action: Sell 46650 PE (Hedge it with 20/- premium )
NSE:BANKNIFTYLong
by finnova_
21 Mar ’24 — BankNifty was never bearish, today is proof.BankNifty Analysis - Stance Neutral ➡️ BankNifty gaps up 422pts ~ 0.91% but doesn't go anywhere. We are neither bullish nor bullish again. One thing was quite clear today, the downside was quite absent today. In fact, our lows of 46651 were protected pretty well. The gaps were because of the outperformance by SPX, NDQ yesterday. Yesterday, the US FED decided to keep the rates flat and also indicated there could be up to 3 interest rate cuts this year. Even though it could be an election gimmick, the markets reacted positively and this spillover effect ensured we are also outperforming. But what it really did was abort the bearish flow. BankNifty was never bearish, but Nifty was and that flow got interrupted. 4mts chart On the higher time frame, the bearish setup did not really start but the patterns look promising. What we need to see if we are getting followthrough on the bullish side tomorrow or not. Next week the trading is cut short by 2 days due to Holi & Good Friday, so I am guessing the decision might be taken tomorrow itself. We would prefer to start the day tomorrow with the neutral stance and then take it from there. 63mts chart - Algo Trading Our algo trades ended today with a gain of Rs19360 mostly because BN maintained a small range today.
NSE:BANKNIFTY
by viswaram
Banknifty weekly analysis for 18/038/24. A big red candle on the weekly charts after 4 consecutive green candle is either profit booking or a double top formation confirmation. Banknifty has come for selling but the downside movement is slow which shows there are still buying happening in the market. There is doji formation on the daily charts and a significant selling is not there in the index as compare to nifty. It is respecting a trendline and has continously tested it. If markets breaches the levels and starts trading below the levels, a bearish move can be seen in the market upto the lower support levels. Major support levels :- 46300, 45940, 45750 The chances are high of market giving another red candle on the weekly charts. Wait for banknifty to start trading below the trendline. If there is a gap up opening and a higher high formation, let market confirm the bullish trend on hourly charts. For confirmation look for a price action. Major resistance levels :- 46680, 46950 Though, markets are unpredictable and is in a bearish trend, watch for it to cross and sustain 47200 levls to turn bullish. Else a day or two can be avoided for trading. Wait for the price action near the level before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 22 Mar 2024BANKNIFTY Intraday Trade Setup For 22 Mar 2024 Bullish-Above 47000 Invalid-Below 46890 T- 47615 Bearish-Below 46550 Invalid-Above 46660 T- 46050 45640 BANKNIFTY has closed on a bullish note with 0.81% gain today. While all this gain was entirely contributed via gap up backed by FED outcome overnight. It has formed a shooting star candle in daily TF. So below today's low- 46550 we can see a good down move towards 46000. This week looks as it will hover near 50 EMA in daily TF. Possibility of a upmove looks less as per today's daily candle. However above 47000 we will plan bullish trade. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47000 then we will long for the target of 47615. For selling we need a 15 Min candle close below 46550. T- 46050 and 45640. 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 21 Mar 2024BANKNIFTY Intraday Trade Setup For 21 Mar 2024 Bullish-Above 46750 Invalid-Below 46640 T- 47350 Bearish-Below 45800 Invalid-Above 45910 T- 45220 BANKNIFTY has closed with a minor cut of 0.16% today. The 50 EMA in daily TF has really become like a magnet which pulls BANKNIFTY closure whenever it inches away. Today sell triggered below 46250 but breakout candle was huge leading to void entry. It has once again formed a Pinbar in daily TF so above today's high bulls will try to close BANKNIFTY above 50 EMA again. However our key level for upside breakout is 46750 as per falling parallel channel. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46750 then we will long for the target of 47350. For selling we need a 15 Min candle close below 45800. T- 45220. 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 Prediction Levels for 21 March 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
BANKNIFTY Intraday Trade Setup For 20 Mar 2024BANKNIFTY Intraday Trade Setup For 20 Mar 2024 Bullish-Above 46750 Invalid-Below 46640 T- 47255 Bearish-Below 46250 Invalid-Above 46360 T- 45660 45140 BANKNIFTY has closed on a bearish with 0.41% cut today. Index has closed below 50 EMA after after 18 days. Now below today's low 46250 there can be a strong downmove however key level is 46000. Tomorrow's best trade will be in short side below today's low, ideally on flat opening. We will change our bearish view to bullish if index regains 50 EMA in daily TF. Between 46750 and 46250 index will be sideways like seen today. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 46750 then we will long for the target of 47255. For selling we need a 15 Min candle close below 46250. T- 45660 and 45140. 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
1
19th March - BankNifty Analysis: Gap-Up Opening Signals Bullish The BankNifty's gap-up opening above 46200 suggests a bullish outlook for the day. Traders may anticipate upward momentum, particularly considering the channel pattern observed in higher time frames.Conversely, a gap-down opening below 46000 could lead to a sideways to bearish trend. However, the prevailing channel pattern increases the likelihood of a bullish move.Stay tuned for updates as market conditions evolve throughout the trading session.Feel free to adjust the content to better suit your audience and platform!
NSE:BANKNIFTYLong
by CyborgTradingHub
Banknifty Intraday Prediction Levels for 18 March 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
BANKNIFTY Intraday Trade Setup For 19 Mar 2024BANKNIFTY Intraday Trade Setup For 19 Mar 2024 Bullish-Above 46750 Invalid-Below 46640 T- 47350 47855 Bearish-Below 46000 Invalid-Above 46110 T- 45430 44819 BANKNIFTY has closed on an absolute flat note today. For the 3rd day index is playing around 50 EMA on close to close basis. However it has formed a Pinbar candle in daily TF. Above its high there can be a good bullish move. 46750 is the level for a bullish trigger towards 47855. 46000 will be an intraday support, breakdown of which will trigger a short term bearish move. Ideal and best trade looks in the upside. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46750 then we will long for the target of 47350 and 47855. For selling we need a 15 Min candle close below 46000. T- 45430 and 44820. 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 analysis for 18th March 2024bank nifty is travelling inside a channel. 46300 to 46500 is a strong support level as marked on the chart. if this level is broken, bank nifty may go downside to the next support level marked on the chart. or, if it takes support to this level, it may go up to the next upper level marked on the chart Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
NSE:BANKNIFTY
by sudeeptalayek
BANKNIFTY Intraday Trade Setup For 18 Mar 2024BANKNIFTY Intraday Trade Setup For 18 Mar 2024 Bullish-Above 46810 Invalid-Below 46700 T- 47375 47855 Bearish-Below 46300 Invalid-Above 46410 T- 45750 45220 BANKNIFTY has closed on a bearish note last week with 2.6% cut last week. Index is at 50 EMA in daily TF. If at all index has to take support from this zone then we will wait for a bullish price structure atleast in hourly TF while it has to regain 47000 to gain bullishness. Below 46300 index may give a sharp downside as it hourly trendline support. 45660 is another big level for a larger slide. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46810 then we will long for the target of 47375 and 47855. For selling we need a 15 Min candle close below 46300. T- 45750 and 45220. 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 LEVELS AND ZONES 18-03-2024 ONWARDS 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between zones. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level. NSE:BANKNIFTY
NSE:BANKNIFTY
by Trading_hawk
BANKNIFTY Prediction for tomorrow 18 Mar 24As we have discussed in our Video, BANKNIFTY was making HNS, whose target was 46470. that has been achieved. If we look at the chart now: The market is trading at the support trendline(1-H TF). Banknifty is also trading at 0.61 fib level, which might be crucial for banknifty to take support. Price is volume balanced, which indicates the market can make a move soon. If we look at the OI data: PCR = 0.72, which indicates a neutral behavior for the market. Bulls have written 46500 and bear heavily, which will be acting as max pain for now. On the upper side, 47000 is a good resistance that also coincides with 200 EMA. Looking at the FII Data, we can say the market might open a gap-down. I am expecting the market to be sideways for one day at least. After that, once it moves to the Green zone, it will turn bullish. unless it breaks to Bearish zone(RED ZONE) Reasons: The market is trading at the strong support trendline. 46350 - 46680 is a sideways range. If it breaks into the RED ZONE market, it might fall heavily, but the possibility of breaking down is less right now. PCR = 0.72 is neutral. 46500 is acting as MaxPain. 46500 is also working as good support. Whereas 47000 is working as good resistance. RSI ~ 50 shows the market is going to be sideways for the next trading day. VWAP ~ price shows that the price is volume balanced, which means the market will soon be ready to make a move in either direction. Verdict: Sideways Plan of Action: Sell 46500 PE and 46650 CE (hedge with 20/- option). Exit the leg once it breaks to either side.
NSE:BANKNIFTY
by finnova_
2
15 Mar ’24 — BankNifty might have to fall 400+ pts to go bearishBankNifty Analysis - Stance Neutral ➡️ BankNifty fell 195 points today ~ -0.42%, but that would end up not being sufficient to push it into Bear territory. We might need roughly 400+ points fall to slip into the bearish channel following which both N50 and BN will have the same direction. Over the last 2.5 months rarely did both the indices align in the same direction for at least 3 to 4 days consecutively. NiftyIT always interrupted a smooth directional buildup happening between these two indices and often confused N50 with false triggers. 4mts chart The lower high formation and the start of the 2nd leg are more beautiful on BN rather than N50. We expect the IV to go up once BN enters the bearish channel.45788 was the approximate level from which BN had 11 consecutive 63mts GREEN candles. A similar feat with the RED candles would be equally exciting to watch. Somehow the news about the stress tests, redemption pressure, and freeze of new lumpsum investments into small-cap funds, etc may have a spill over effect on the large caps as well. I am still not sure if the markets have priced in the “panic” factor. 63mts chart – Algo Trading Our algo trades ended today with a gain of Rs6927. The recovery from minus 25116 was indeed good to watch.
NSE:BANKNIFTY
by viswaram
Bank Nifty analysis for 15th march 2024The banknifty is travelling in a downward channel. also the possible support and resistances are marked in the chart. if it breaks the channel in upside direction, may be a bullish movement is possible. if it breaks the support of 46500 level, a bearish movement may happen. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
NSE:BANKNIFTY
by sudeeptalayek
BANKNIFTY Intraday Trade Setup For 15 Mar 2024BANKNIFTY Intraday Trade Setup For 15 Mar 2024 Bullish-Above 47250 Invalid- Below 47140 T- 48040 Bearish-Below 46550 Invalid-Above 46660 T- 45930 45360 BANKNIFTY has closed on a bearish note with 0.41% cut today. Index is at a decisive level, 50 EMA in daily TF. If it all it has to take support then 46550 should be safe and should make a bullish price structure. In hourly TF it has maintained a falling channel, breakout will confirm 50 EMA support. Below 46550 there can be panic selling. 46950 will be an important internal level. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47250 then we will long for the target of 48040. For selling we need a 15 Min candle close below 46550. T- 45930 and 45350. 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