BANK NIFTY - Target Levels - 23.10.23.Its Helpful & Useful For Newers & Beginners Of Trading...
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Bank Nifty Spot Price : 43723- INDIA VIX SPOT Price : 10.82% -
Nifty Daily Range : 43425 To - 44021-
Watch Option Strike : If Gap Up (or) Above Break Even Buy : 43800 CE
Watch Option Strike : If Gap Down (or) Below Break Even Buy : 43800 PE
Draw & Watch The Target Points :
Entry Point... & Stop Loss... & Target Point ...Is Yours...
In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check.
(Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not)
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTrend Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DownTrend Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry.
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma, Thetta, & Vega.
3. Selection Of OI Analysis.. & Determination Of Volume Calculation.. & Sum Of Implied Volatility Theory
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point.. & Prediction Of Entry, Targets, & Stop Loss..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings..
Kindly Follow My Channel & Like Your Support & Share My Ideas.
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Bankniftyprediction
Banknifty weekly analysis for 23/10/23.Banknifty has crossed the previous week low and closed losing 560 points lower on the weekly charts. It has closed below the 20 ema of weekly charts which signifies some negativity in the market.
The market now has a support level around 43400 as it has started trading below the previous low formed by banknifty.
On the daily charts, the market has form an inside candle and closed between both the moving averages.
This weekly expiry on thursday can be a trending one as it is the monthly expiry. It is trading around the low and if the low is broken there are high chances of a short term bearish move in the market.
It has been facing resistance from the 20 ema, on hourly charts, and has closed between both the moving averages.
In the last trading session the market has consolidated in a squeezed range.
There was a nice resistance from 43800 levels which gives a high conviction in the market coming for a selling.
Support :- 43580, 43420
Resistance :- 43980-44000, 44300
Banknifty has given a nice fall this week and there are high chance of a trending market.
Wait for the price action near the levels before entering the market.
Banknifty analysis for 23rd October 2023 for educational purposeBanknifty analysis for 23rd October 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
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Banknifty Intraday Prediction Levels for 20 Oct 2023Banknifty Intraday Prediction Levels for 20 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 43850,43930,43990,44060,44125,44260,44330,44510,…
Major Supports- 43615,43540,43480,43410,43280,43200,43090,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
FASP levels for Bank Nifty 20/10/2023The FASP for BankNifty is listed for 20-10-2023. 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 20 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 20 Oct 2023
Bullish-Above 44060
Invalid-Below 43950
T- 44370 44632
Bearish-Below 43550
Invalid-Above 43660
T- 43230 42885
BANKNIFTY has closed on a slight bearish note with 0.31% cut today. It opened with a big gap down and 10 o'clock range was to be used as per trade setup. Range broke upside above 43815 and last swing low was 43686. Only problem was the breakout candle which was too big which made it not fit as per RR when the candle closed. However later it did a Re-test and gave the same strength move. It has formed an inverted hammer in daily TF so it will have some positive bias till it sustains above 43800 however buy level is above 44060.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44060 then we will long for the target of 44370 and 44635.
For selling we need a 15 Min candle close below 43550. T- 43230 and 42885.
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.
Banknifty analysis for 19th October 2023 for educational purposeBanknifty analysis for 19th October 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
YOUR QUERY -
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Bank nifty analysis for Monday
Nifty prediction and bank nifty analysis
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BANKNIFTY Intraday Trade Setup For 19 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 19 Oct 2023
Sell_1- From 44270
Invalid-Above 44380
T- 44050 43850
Sell_2- Below 43860
Invalid-Above 43970
T- 43498 43200
BANKNIFTY has closed on a complete bearish note with 1.17% cut today. It opened flat and sell triggered as per trade setup below 44330 and hit almost both our targets. It made a low of 43862 and gave more than 450 points. Tomorrow once again index can crash if it below 43860. Best opening condition is flat or a small gap down opening. In case of a gap up index will not have that powerful bearish stance. I will ignore buying tomorrow and will plan to sell from 44270 in case of a gap up.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes below 43860 then we will short for the target of 43498 and 43200.
2nd selling can be planned from 44270 in case it is tested after gap up opening. T- 44050 and 43850.
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.
Banknifty Intraday Prediction Levels for 18 Oct 2023Banknifty Intraday Prediction Levels for 18 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 44550,44655,44715,44810,44940,45080,45120,…
Major Supports- 44280,44180,44090,44025,43900,43760,43700,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
Banknifty daily analysis for 19/10/23.After many weekly expiry this expiry was the one which was in favour of the option buyers.
Banknifty has closed 520 points lower moving the market more then 1% down. It was struggling to sustain above 20 ema and today being the weekly expiry it gave a nice move in the first half and consolidated in the second.
On the hourly charts, the market took resistance from 20 ema and came for selling, giving 422 points in single candle.
The market has consolidated after a fall in the second half which shows that the market has halted. If the market fall below 43800 levels, it can test 42800 levels soon.
On 15 minute chart, it has formed a bearish moving averages cross over and has closed below both the moving averages.
Support :- 43870, 43680
Resistance :- 43980, 44210
Wait for the price action near the level before entering the market.
BANKNIFTY Intraday Trade Setup For 18 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 18 Oct 2023
Bullish-Above 44590
Invalid-Below 44480
T- 44885 45120
Bearish-Below 44330
Invalid-Above 44440
T- 44040 43795
BANKNIFTY has closed with 0.42% gain today, all contributed by gap up. It was another day of sideways momentum. It opened with a big gap up and momentum was lost within 150 points range for the 1st 4 hours. Later 10 o'clock range broke downside below 44430 and gave 90 points move in favor. Tomorrow if it sustains above 44600 then we can see a good up move. Below 44330 it can give a move towards 44040 but 44200 can be a confluence gap zone.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44590 then we will long for the target of 44885-915 and 45120.
For selling we need a 15 Min candle close below 44330. T- 44040 and 43795.
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.
Banknifty analysis for 18th October 2023 for educational purposeBanknifty analysis for 18th October 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
YOUR QUERY -
Trading analysis for tomorrow
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Banknifty Intraday Prediction Levels for 17 Oct 2023Banknifty Intraday Prediction Levels for 17 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 44315,44410,44445,44510,44660,44715,…
Major Supports- 44160,44100,44000,43900,43800,43700,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
Banknifty weekly expiry analysis for 18/10/23.Banknifty on the daily time frame has given a red candle after a gap up opening and closing 180 points higher.
It opened above the 20 ema but couldn't sustain above the level and closed below the level and constantly faced resistance from 44500 level.
On the hourly charts, banknifty traded between both the moving averages, taking resistance from the 200 ema and support from 20 ema.
Today, there was a nice sell in the market in the second half after a consolidation forming a bearish flag and pole pattern.
Tomorrow is weekly expiry and last expiry has also been in the consolidation phase. If there is a trend move it can be captured by booking 80% on the target and trailing SL for the remaining 20%.
On 15 minute charts, the market closed around both the moving averages. The market took support from the 200 ema and respected the 44350 level.
Support :- 44330, 44210
Resistance :- 44450, 44550, 44730
Wait for the price action near the level before entering the market.
Banknifty Intraday Prediction Levels for 16 Oct 2023Banknifty Intraday Prediction Levels for 16 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 44570,44760,44920,45120,45330,…
Major Supports- 44090,43900,43760,43700,43600,43500,43420,43295,43100,42875,42680,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
BANKNIFTY Intraday Trade Setup For 17 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 17 Oct 2023
Bullish-Above 44360
Invalid-Below 44250
T- 44600 44883
Bearish-Below 44040
Invalid-Above 44150
T- 43795 43524
BANKNIFTY has closed almost on a flat not with a minor cut of 0.14% today. Sell triggered as per trade immediately after opening, without any pullback after a big parabolic down move from last session's high. It formed a morning star immediately after breakout and hit our sl. Index momentum is still sideways, especially when seen in hourly TF. It is trading between 44750 and 43790. Tomorrow high probability trade looks in the upside if triggered. 44360 and 44040 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44360 then we will long for the target of 44600 and 44883.
For selling we need a 15 min candle close below 44040. T- 43790 and 43524.
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.
Banknifty daily analysis for 17/10/23.Banknifty is still trading below the 20 ema and has formed another doji candle at the day close.
It has given a nice move both side. In the opening it tested the lower levels and also tested the higher levels.
On the hourly charts, the market tested the 20 ema, facing resistance from the levels and closed almost flat.
Ongoing market is for the option seller as there is time decay whole in option premiums.
On 15 minutes charts, the market has closed below both the moving averages.
Support :- 44190, 44060, 43860
Resistance :- 44560, 44740
Banknifty is volatile and there are chances of a trending move in the market. There is a good consolidation going on in the market a powerful break out or break down is about to be seen.
Wait for the price action near the levels before entering the market.
BANKNIFTY Intraday Trade Setup For 16 Oct 2023BANKNIFTY Intraday Trade Setup For 16 Oct 2023
Bullish-Above 44600
Invalid-Below 44490
T- 44860 45120
Bearish-Below 44200
Invalid-Above 44310
T- 43957 43725
BANKNIFTY has closed almost on a flat note last week with 0.16% cut and 0.7% cut on Friday. It has formed an inverted hammer in daily charts so if its low-44200 is safe and we sustain 44600 then we are likely to see a good up move in hourly TF. If we get a sustained breakout of 44750 then bullish momentum likely to kick in (Hourly TF). Below 44180 we will maintain bearish view (CE short) (Hourly TF). Selling the 10 o'clock range looks more safe till we get a 10 o'clock range breakout.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44600 then we will long for the target of 44860 and 45120.
For selling we need a 15 Min candle close below 44200. T- 43957 and 43725.
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.
Banknifty weekly analysis for 16/10/23.Banknifty on the weekly time frame has given a doji candle and has closed almost flat below the 20 ema.
On the daily charts, market has formed a gravestone doji candle and closed below the 20 ema after taking a resistance from the level.
It is showing some negative build up on the intraday front and is consolidating on the higher time frame.
Banknifty has been closing in a narrow range and is facing a serious resistance from 44740 level.
On the hourly time frame, during the last trading session, it has formed a tweezer top or bearish engulfing candle. There are chance of banknifty testing the low again.
Banknifty is consolidating around the recent low and if the low is broken there are chances of fear selling.
The global consents are negative and the ongoing Israel Palestine war may also contribute to the sell off.
Major Support :- 43820-850
Resistance :- 44740
For intraday trading levels.
Support :- 44190, 44060, 43860
Resistance :- 44560, 44740
Wait for the price action near the levels before entering the market.
Banknifty Intraday Prediction Levels for 13 Oct 2023Banknifty Intraday Prediction Levels for 13 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 44680,44740,44830,44920,45000,45120,…
Major Supports- 44515,44450,44360,44280,44200,44100,43900,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
Banknifty Intraday Prediction Levels for 12 Oct 2023Banknifty Intraday Prediction Levels for12 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 44600,44671,44715,44770,44950,45120…
Major Supports- 44435,44360,44315,44261,44096,43910…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
Banknifty Intraday Prediction Levels for 11 Oct 2023Banknifty Intraday Prediction Levels for 11 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 44500,44542,44600,44660,44710,44850,44910,…
Major Supports- 44308,44258,44190,44110,44070,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
Banknifty daily analysis for 12/10/23.Banknifty today tested 44700 level after a gap up opening and came down lossing the gain and closing only 156 points higher.
It took a good support around 44500 levels and closed just around the levels.
Again, there a doji formation on the higher levels and it is unable to close above 20 ema on the daily charts.
On the hourly charts, after a first hour volatile movement it remained in a 100 points range, closing between both the moving averages.
A minor resistance is there around 44550 level and it is taking support from the 20 ema.
Support :- 44450, 44340
Resistance :- 44740, 44970
Today's weekly expiry remained silent and the markets remained volatile.
Wait for the price action near the levels before entering the market.