Nifty & Bank Nifty Analysis For 09 Jan 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.
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Bankniftyprediction
BANKNIFTY Intraday Trade Setup For 08 Jan 2023BANKNIFTY Intraday Trade Setup For 08 Jan 2023
Bullish-Above 48400
Invalid-Below 48290
T- 48730 49150
Bearish-Below 47820
Invalid-Above 47930
T- 47370 46900
BANKNIFTY has closed almost on a flat note with minor cut of 0.28% last week. Since last 4 weeks index has been in consolidation mode. Last week was another contraction week where it has formed an inside candle. Index will rally above the recent high of 48650. It will initiate a move towards 45k. 47480 is an important hourly swing low below which a downside journey will start. In between 48650 and 47480 index will be sideways more or less. 48400 and 47820 are important levels for next session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48400 then we will long for the target of 48730 and 49548.
For selling we need a 15 Min candle close below 47820. T- 47370 and 46900.
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.
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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 05 Jan 2023BANKNIFTY Intraday Trade Setup For 05 Jan 2023
Bullish-Above 48290
Invalid-Below 48180
T- 48589 48920
Bearish-Below 47940
Invalid-Above 48050
T- 47620 47259
BANKNIFTY has closed on a bullish note with more than 1% gain today. Buy triggered as per trade setup above 47800 and hit first target very smoothly. Trade gave more than 400 points gain. Momentum was quite strong which tells that the current trend is in buyers hand, just check the last 2 days momentum in the downside. Tomorrow once again there can be good bullish move above 48290. For a bearish action it has to sustain below 47940.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 48290 then we will long for the target of 48590 and 48920.
For selling we need a 15 Min candle close below 47940. T- 47620 and 47260.
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 levels & Prediction for 05 Jan 2024Banknifty Prediction for Tomorrow
BULLISH Continuation
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!!
BANKNIFTY Intraday Trade Setup For 4 Jan 2023BANKNIFTY Intraday Trade Setup For 4 Jan 2023
Bullish-Above 47800
Invalid- Below 47690
T- 48178 48510
Bearish-Below 47550
Invalid-Above 47660
T- 47260 46900
BANKNIFTY has closed almost on a flat note with a minor cut of 0.12%. Sell triggered below 47680 which ended near cost EOD. There was a sharp bounce from round level 47500. So bulls will give up below 47500 and may invite bears to take charge again. It has formed a Pinbar candle which indicates a bullish sign so above today's high there can be good bullish move. Probability of a BANKNIFTY bottoming out from 47400 zone is high.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47800 then we will long for the target of 48178 and 48510.
For selling we need a 15 Min candle close below 47550. T- 47259 and 46900.
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.
Bearish Engulfing in Bank Nifty FutureAfter bearish candle of 1Jan today good fall we can see also all level was given my previous chart analysis.
All level was given in chart in very clear.
Scenario Happen:
Market will open between 47871- 48212 then it will be side base market.
If open below 47882 wait for make a resistance at level 47882 then short your position. Also follow volume. It will give proper idea in live market. For down move we have a support area of 47500-47493.
If open near about 48212 and make green candle then wait for settle above 48212. after 15 min trade above 48212 we will bullish for intraday basis.
Banknifty - Intraday levels & Prediction for 03 Jan 2024Banknifty Prediction for Tomorrow
Mostly sideways or volatile move can be expected or BEARISH Reversal expected as marked in the chart.
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!!
BANKNIFTY Intraday Trade Setup For 03 Jan 2023BANKNIFTY Intraday Trade Setup For 03 Jan 2023
Bullish-Above 48070
Invalid-Below 47960
T- 48510 48920
Bearish-Below 47680
Invalid-Above 47790
T- 47260 46900
BANKNIFTY has closed on bearish note with almost 1% cut today. On 28 Dec EOD it was discussed in the trade setup that index has formed a spinning top candle which can be a sign of bearish reversal below its low. Since then index is on correction mode. Next important support lies near 47100 zone. Coming to intraday it is bold bearish candle in daily TF so index has to sustain above 48070 which is the last line of defence (0.618). On a flat opening best trade will be in sell side below 47680.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 48070 then we will long for the target of 48510 and 48920.
For selling we need a 15 Min candle close below 47680. T- 47259 and 46900.
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 01 Jan 2023BANKNIFTY Intraday Trade Setup For 01 Jan 2023
Bullish-Above 48390
Invalid-Below 48280
T- 48785 49185
Bearish-Below 48090
Invalid-Above 48200
T- 47710 47315
BANKNIFTY has closed on a bold bullish note last month with 8.57% gain. Its a very strong closing in weekly TF too. It has given a pullback move in the last 2 sessions. Breakout of this channel pattern will initiate an impulse. It has to sustain above 48400. However momentum will come above Friday's high. Expected move can be 500 points. 48090 is equally important for downside. 49185-200 and 47315 are important resistance and support zone.
Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 48390 then we will long for the target of 48785 and 49185.
For selling we need a 15 min candle close below 48090. T- 47710 and 47315.
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.
Happy New Year In Advance
Banknifty - Intraday levels & Prediction for 02nd Jan 2024Happy New Year 2024 to everyone.. New beginnings are just around the corner.
Banknifty Prediction for Tomorrow
BEARISH Reversal from trend line resistance 48530, any breakout of trend line and resistance zone of 48610-48640 levels we can expect BULLISH Rally.
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!!
BANKNIFTY Intraday Trade Setup For 29 Dec 2023BANKNIFTY Intraday Trade Setup For 29 Dec 2023
Bullish-Above 48650
Invalid-Below 48540
T- 49025 49440
Bearish-Below 48340
Invalid-Above 48450
T- 47952 47575
BANKNIFTY has closed on a bullish note with 0.47% gain today. It opened above our buy level with a gap up. 10 O'clock range was to be used as per trade setup. But nothing triggered as per that, whole day it traded between 10 o'clock range. Momentum dropped drastically due to VIX cool off. It has formed a Spinning top candle in daily TF which is halt sign. Below today's low it can be a reversal sign in very short or in intraday. Tomorrow we will trade on today's range breakout . 48650 and 48340 are important levels for next session.
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
For selling we need a 15 Min candle close below 48340. T- 47950 and 47575.
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 levels & Prediction for 29 Dec 2023Banknifty Prediction for Tomorrow
BEARISH Reversal from All time high.
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!!
FASP levels for Bank Nifty 29/12/2023The FASP for BankNifty is listed for 29-12-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
BANKNIFTY Intraday Trade Setup For 29 Dec 2023BANKNIFTY Intraday Trade Setup For 29 Dec 2023
Bullish-Above 48350
Invalid-Below 48240
T- 48730 49150
Bearish-Below 47880
Invalid-Above 47990
T- 47570 47207
BANKNIFTY has closed on a positive note with 1.17% gain today. Buy triggered as per trade setup above 47840 and hit our 1st target very smoothly (47840-48347). Tomorrow we can expect bullish continuation as it has closed at ATH. Above 48350 it can test 48750 zone and wild case 49150. Tomorrow it is the last expiry of the year, so may result in some volatility so be very strict with TSLs. 47880 is the level for a downside trigger.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 48350 then we will long for the target of 48730 and 49150.
For selling we need a 15 Min candle close below 47880. T- 47570 and 47200.
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 - Monthly Expiry Analysis & Prediction for 28th Dec'23Banknifty Prediction for Tomorrow
BEARISH Reversal from All time high.
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!!
BANKNIFTY Intraday Trade Setup For 27 Dec 2023BANKNIFTY Intraday Trade Setup For 27 Dec 2023
Bullish-Above 47840
Invalid-Below 47730
T- 48220 48632
Bearish-Below 47400
Invalid-Above 47510
T- 47029 46685
BANKNIFTY has closed on a bullish note with 0.49% gain today. Buy triggered as per trade setup which ended with no profit no loss as EOD it near cost. After taking support from previous day low it was completely sideways for the rest of the day. In the weekend analysis we had already discussed that index is contracting in hourly TF so momentum will come after its breakout. Tomorrow 47840 and 47400 are important levels to plan trades.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47840 then we will long for the target of 48220 and 48632.
For selling we need a 15 Min candle close below 47400. T- 47029 and 46685.
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 26 Dec 2023BANKNIFTY Intraday Trade Setup For 26 Dec 2023
Bullish-Above 47750
Invalid-Below 47640
T- 48117 48478
Bearish-Below 47410
Invalid-Above 47520
T- 47050 46720
BANKNIFTY has closed on a slight bearish note with 1.35% cut last week. After 4 weeks of rally it has taken a pause. 48220 is a short term top above which the next leg of rally will be triggered for 50k. 43900 is a major hourly support, breakdown will take BANKNIFTY to 46300 zone for a retest scenario. In hourly TF it more or less contracting to form an apex. 47750 and 47410 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 47750 then we will long for the target of 48117 and 48478.
For selling we need a 15 Min candle close below 47410. T- 47050 46720.
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.