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Bankniftyprediction

FASP levels for Bank Nifty 10/01/2024The FASP for BankNifty is listed for 10-01-2024. 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.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 10 Jan 2023BANKNIFTY Intraday Trade Setup For 10 Jan 2023 Sell_1- From 47710 Invalid-Above 47820 T- 47430 47200 Sell_2- Below 47150 Invalid-Above 47260 T- 46780 46355 BANKNIFTY has closed on a bearish note with 0.44% cut today. As per previous day trade plan we planned a short from 47930, according to simple half bat pattern. Sell triggered @ 47930 and what a fall we got. It gave a move of more than 700 points in favor, however main move came after 2 PM. Tomorrow once again we will plan for a sell below day low only on slight gap up to flat opening. 47705 will be an important intraday resistance. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 47150 then we will short for the target of 46780 and 46355. 2nd short can be considered from 47705 in case of a flat to gap up opening. T- 47430 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.
NSE:BANKNIFTY
by Omahto
Banknifty weekly expiry levels for 10/01/24.Banknifty has given fall in the second half and fell almost 700 points from the day high. Now the market has confirmed a bearish trend as it has been forming a lower low lower high formation. It is taking support from 200 hourly ema and closed 200 points lower. Tomorrow is weekly expiry and anything below 47150 will drag banknifty to test 46920 levels. Major support :- 47150, 4920 Resistance :- 47450, 47860 If there is a consolidation on the levels and gives a break down good points can be capture, else it can take a halt after a 2 days fall. Wait for the price action near the levels before entering the trade.
NSE:BANKNIFTY
by TheMamboMomentum
Bank Nifty - 10/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 10/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 47430 – 47455 Important Support and Resistance for the Day... Support - Resistance - Support-1: 46950 Resistance-1: 47430 Support-2: 46500 Resistance-2: 47850 Support-3: 46000 Resistance-3: 47940 Support-4: 45900 Resistance-4: 48320 ____________________________________________ Happy Learning and Trading – TST5121 Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. 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. SHORT FORM &FULL FORM 0.5 -> 0.5% Swing PDH -> Previous Day High PDL -> Previous Day Low PDC -> Previous Day Close PDO -> Previous Day Open PWH -> Previous Week High PWO -> Previous Week Open PWC -> Previous Week Close PWL -> Previous Week Low D_S -> Day Support D_R -> Day Resistance W_S -> Week Support W_R -> Week Resistance W_O -> Week Open W_C -> Week Close LW_O -> Last Week Open LW_C -> Last Week Close IMP -> Important R@1, R@2, R@3... -> Resistance-Zones S@1, S@2, S@3... -> Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals) If market open as a FLAT and moves to UP - SIDE then BUY with the Support of R-1 and SELL with the Rejection of R-1. (Or) If market open as a FLAT and moves to DOWN - Side then BUY with the Support of S-1 and SELL with the Rejection of PDL. Possibility 2: GAP-UP If market open as a GAP - UP and moves to UP - Side then BUY with the Support of PDH and SELL with the Rejection of PDH. (Or) If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 3: GAP-DOWN If market open as a GAP - DOWN and moves to UP - Side then BUY with the Support of IMP and SELL with the Rejection of IMP. (Or) If market open as a GAP - DOWN and moves to DOWN - Side then BUY with the Support of W-R and SELL with the Rejection of W-R.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY Intraday Trade Setup For 09 Jan 2023BANKNIFTY Intraday Trade Setup For 09 Jan 2023 Sell_1- From 47930 Invalid-Above 48040 T- 47650 47400 Sell_2- Below 47380 Invalid-Above 47490 T- 46920 46635 BANKNIFTY has closed on a bold bullish note with 1.47% cut today. Sell triggered as per trade setup below 47820 and hit 1st target EOD (47820-47390). On a flat opening below today's low there an be another round of selling. Index may do a CIP structure in weekly TF , CIP support will 46300 zone. Incase it opens gap up and testes 47930 then we will short from there. Best trade will be short below day low on flat opening. Hourly support is 46900. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 47380 then we will short for the target of 46920 and 46635 (extreme). 2nd sell can be opened from 47930 in case of fat opening or gap up. T- 47650 and 47400. 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
Banknifty weekly & intraday levels for 08/01/24.Inside candle is formed on the weekly charts and Banknifty has closed only 130 points lower. There is a doji week and daily candle. 47400 is a major support level on the daily close. If market starts closing below it there will be a M pattern formtaion and selling can happen. Currently, it has closed around 61.8% daily fib. Reversal or bearish trades for intraday can be initiated as per the price action around the level. Major bearish targets. :- 47810, 47560 Trailing SL should be taken in a bearish trades for holding as there can be chance of it being a winning trade. Resistance :- 48380-400, 48620 47810-48400 is a no trading zone for tomorrow, if the market takes a halt between the levels there will be a time decay in the option. Short OTM strangle can be created while rolling up or down the leg. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
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! ✅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 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. ========== 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 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.
NSE:BANKNIFTY
by Omahto
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.
NSE:BANKNIFTY
by Omahto
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.
NSE:BANKNIFTY1!
by KaustavHazra
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.
NSE:BANKNIFTY
by Omahto
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
NSE:BANKNIFTY
by Omahto
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!!
NSE:BANKNIFTYShort
by ViVenTraders