Bank Nifty future chart analysis for 20.09.2023As you can see here that bollinger bands already burst in 30 minutes time frame
near next strong support at 45895, if this support breaks down there is a high
chance that banknifty future will take support at 0.5% fibonacci support.
and may may take good upmove from there.
if price takes support on 45895 , the you may see a sideways again
crossing above 46165 , may put price again above long trend for new moves.
and price may reach its full target, in between 46308, strong resistance.
Bankniftyprediction
FIN NIFTY - Target - Levels - 20.09.23.Fin Nifty Spot : 20408.25 . Option Strike : 20400 CE & 20400 PE
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..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, StopLoss, & Targets,
4. 4 Types Of Fibinacci Retracement Levels (High To Low, Low To High, Long & Short),
5. Techninal View On Break Even Point.
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….
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
BANK NIFTY - Target - Levels - 20.09.23BANK Nifty Spot : 45979.85 . Option Strike : 46100 CE & 46100 PE
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..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, StopLoss, & Targets,
4. 4 Types Of Fibinacci Retracement Levels (High To Low, Low To High, Long & Short),
5. Techninal View On Break Even Point.
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….
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
BANKNIFTY Intraday Trade Setup For 20 Sep 2023BANKNIFTY Intraday Trade Setup For 20 Sep 2023
Bullish-Above 46160
Invalid-Below 46050
T- 46400 46630
Bearish-Below 45900
Invalid-Above 46010
T- 45679 45397
BANKNIFTY has closed on a bearish note with 0.54% cut today. It It was sideways and zone till 1'0 clock. Later at the time of closing post 3 PM there were spikes in the downside. Nothing triggered as per trade setup today till 3 PM. Post 3 PM sell was triggered which was void. On a flat opening below 45900 there can be decent sell off in intraday. For a bullish view we have to wait till 46150-60 is sustained in 15 Min TF. it is near ATH so there can be sideways activity before it gets lifted or crashed.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close below 45900 then we will short for the target of 45679 and 45397.
For buying we need a 15 Min candle close above 46160. T- 46400 and 46630.
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.
Bank Nifty Rounding Bottom or Cup & Handle Pattern?? let's see…Bank Nifty making Rounding Bottom Pattern on Daily time frame or will make cup & handle pattern let's wait & watch… breakout level for Bank nifty will be 46444. Some important news will be there from government side & world market are also at some crucials levels watch carefully. Trade with stoploss & proper risk management. Happy trading
[INTRADAY] #BANKNIFTY PE & CE Levels(18/09/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 Level. And this rally can extend for another 400 points if it gives breakout of 46550 level. Any Major downside only expected in case banknifty starts trading below 45950 level. also possible Reversal Downside 46450 level.
Banknifty weekly analysis for 18/09/23.After a nice upside momentum banknifty is now in a sideways trend and during the last trading session it has consolidated hitting 46300 levels.
It is trading around the ATH and on the weekly charts there is a nice V-shape recovery for the markets.
On the daily charts, there is a formation of a doji and has closed 230 points higher.
Nifty has already crossed the ATH and is trading around the new high. Its time for banknifty to give a break out or take a halt and then give a break out. A good trading opportunity will be there if the markets consolidated and then give a break out as the market has already given a nice upside move.
There is also a bearish RSI divergence on the daily charts which will not give much of a confidence in the bullish trade.
On the hourly time frame, it has sustain above the moving averages and is still trading above it. If the market give a break down and close below the 20 ema there will be a chance of a momentum and hit a small target on the bearish side in a bullish market.
Support :- 46080, 45860,45600
Resistance :- 46300, 46500(round number figure), 46830 (fib level)
Banknifty is having good support on the lower side and it can reverse taking support from the support zone.
Wait for the price action near the levels before entering the market.
BANKNIFTY Intraday Trade Setup For 18 Sep 2023BANKNIFTY Intraday Trade Setup For 18 Sep 2023
Bullish-Above 46320
Invalid-Below 46210
T- 46585 46855
Bearish-Below 46020
Invalid-Below 46130
T- 45720 45415
BANKNIFTY has closed on a bullish sentiment with 2.88% gain last week. Before Sep 8 we were waiting for the daily range shift to get a directional move. Range was 45k and 44K which broke in the upside on 8 Sep and we got a decent move (45160-46310, more than 1:1). Also we are very close to our target which is a fresh ATH. Now either one can book some or trail sl to PDL (CB). Incase case of a gap down tomorrow 45700 zone can act as support zone.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46320 then we will long for the target of 46585 and 46855.
For selling we need a 15 min candle close below 46020. T- 45720 and 45415.
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.
[INTRADAY] #BANKNIFTY PE & CE Levels(15/09/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 Level. And this rally can extend for another 400 points if it gives breakout of 46550 level. Any Major downside only expected in case banknifty starts trading below 45950 level.
Banknifty daily analysis for 15/09/23.Finally, banknifty has crossed 46k levels and has closed around it. Today the market was a bit volatile and remained sideways after an initial gap up opening.
It tested 46100 levels and reversed making base around 45850 levels and consolidated in a 150-200 point range in the second half of the session.
On the hourly charts, the market hasn't given a close above our resistance level and has closed above both the moving averages.
Watch for the markets and it would be good to trade only a perfect setup as there are chance of market going in a sideways to volatile mode.
On 15 minute charts, market consolidated and traded around the 20 ema and has closed just above it.
Support :- 45850, 45620
Resistance :- 45070, 45300
Banknifty is still close to the recent high but nifty has already crossed and given a close near it ATH.
Wait for the price action near the levels before entering the market.
BANKNIFTY Intraday Trade Setup For 15 Sep 2023BANKNIFTY Intraday Trade Setup For 15 Sep 2023
Bullish-Above 46160
Invalid-Below 46050
T- 46450 46750
Bearish-Below 45800
Invalid-Above 45910
T- 45530 45290
BANKNIFTY has closed with a slight gain of 0.2% today. It opened with a slight gap up and buy triggered as per trade setup above 46000 which hit sl after giving small momentum. Later 10 o'clock range broke downside below 45912 and gave around 100 points. Yesterday 45800 was projected a pullback support before the buy level. 45800 acted as a iron support for the rest of the day. Tomorrow there can be good sell off on break of 45800. Above 46160 if sustained we can create a fresh ATH.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46160 then we will long to the target of 46450 and 46750.
For selling we need a 15 Min candle close below 45800. T- 45530 and 45290.
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"Good morning! As of September 14th, there is no significant difference between the last session. Global market sentiment is neutral, based on the Dow Jones alone. The market trend is moderately bullish, and there is a possibility that the market might open with a neutral to slightly bullish gap. After that is the gap-up breaks the supply zone with minor consolidation or solidly then the rally will continue. on the other hand, if it rejects there, then we can expect min 38%fib correction.
[INTRADAY] #BANKNIFTY PE & CE Levels(14/09/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 Level. And this rally can extend for another 400 points if it gives breakout of 46550 level. Any Major downside only expected in case banknifty starts trading below 45950 level. also possible Reversal Downside 46450 level.
BANKNIFTY Intraday Trade Setup For 14 Sep 2023BANKNIFTY Intraday Trade Setup For 14 Sep 2023
Bullish-Above 46000
Invalid-Below 45890
T- 46250 46515
Bearish-Below 45610
Invalid- Above 45720
T- 45295 45050
BANKNIFTY has closed on a bullish note with 0.87% gain today. Buy triggered as per trade setup above 45630 and 1st target was achieved very smoothly (45630-45990). Initially sell level was tested but not sustained. On Apr 8 daily range was broken in the upside above 45k and was updated that we will have a direction move and is approaching its ATH. Now TSL swing position is today's low- 45290.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46000 then we will long for the target of 46250 and 46515.
For selling we need a 15 min candle close below 45610. T- 45300 and 45050.
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 14/09/23.Banknifty on the weekly expiry has given nice up move and formed a bullish engulfing candle. It almost touched 46k levels and has closed above 45900 levels.
Nifty has formed an All time high and banknifty is looking forward to hits it's new ATH.
The market formed a base around 45300 and gained up side momentum giving a 600+ point move from the day low.
On the hourly charts, market took support from the 20 ema and moved in the upward direction. It took a halt in the last hour of the session.
Banknifty is still looking bullish but the market has stretched way too much. If it hit trades around the ATH there will be more chances of profit booking or retracement.
On 15 minute charts, it breached the 20 ema and came back strongly crushing and moving higher than the moving averages and hitting our targets.
Support :- 45630, 45330
Resistance :- 46070, 46300
Wait for the price action near the levels before entering the market.
We can see consolidation in Bank NIfty in near Term (13/Sep/23)Good Morning Traders,
Banknifty has witnessed a sell off after opening on higher and closed negative for the day. I think we might can see some consolidation in between 45800-45000 from short term perspective. Daily and hourly momentum indicator are providing divergence signals which could lead to a consolidation in near term.
Global market also looking mixed today. Yesterday FII'S has sold shares worth of 1047 crores, while DII'S bought 259 crores worth of stocks. We might can see negativity in indian market in today's session. But Still long term trend is positive guy's always look opportunity when you see any big intraday fall.
Intraday Levels for BankNifty:-
Support Zone 45000
Resistance Zone 45800
Buy above 45639, if levels sustains at least for 15 minutes.
Targets we can see in upside 45815/45968
Keep stop loss at 45351
Sale below 45351, if levels sustains at least for 15 minutes.
Targets we can see in downside 45139/44968
Keep stop loss at 45639
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
#banknifty"Good morning! As of September 13th, global market sentiment is neutral, based on the Dow Jones alone. The market trend is moderately bullish, and there is a possibility that the market might open with a neutral to slightly bullish gap. Structurally, we are in a ranging market, so we could wait for a breakout from this range. If the range breaks, we will set our target at the next resistance level. Otherwise, the range will likely continue."
BANKNIFTY Intraday Trade Setup For 13 Sep 2023BANKNIFTY Intraday Trade Setup For 13 Sep 2023
Bullish-Above 45630
Invalid-Below 45520
T- 45915 46150
Bearish-Below 45320
Invalid-Above 45430
T- 45050 44770
BANKNIFTY has closed with a slight cut of 0.13% today. It was a roller coaster ride since opening, huge volatility. It opened directly near our 1st buy target via a big gap up. 10 o'clock range was to be used as per trade setup. Range broke downside below 45400 and last swing high was 45455. Small sl was hit today. Tomorrow best trade will be on flat opening. In case of a big gap down near 45100 it can give a sharp bounce. In case of a gap up it can find resistance near 45700.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 45630 then we will long for the target of 45915 and 46150.
For selling we need a 15 Min candle close below 45320. T- 45050 and 44770.
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 expiry analysis for 13/09/23.Banknifty after a gap up opening came for a profit booking and closed 60 points lower forming a red candle on the daily charts.
On the hourly charts, it seem to consolidate after the initial sell off and has closed above both the moving averages.
Market has given a nice bullish move and are stretched enough to give a retest or consolidation. It will be sideway or volatile before giving another bullish leg.
On 15 minute time frame, it formed a lower high lower low formation and there are chance of market giving some retracement.
Watch for option premiums as tomorrow is banknifty's weekly expiry and there are less chance of a trending move in market as it has already move alot.
Support :- 45430, 45320, 45230
Resistance :- 45690, 45855
Wait for the price action near the levels before entering the market.
FASP levels for Bank Nifty 12/09/2023The FASP for BankNifty is listed for 12-09-2023. 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 12 Sep 2023BANKNIFTY Intraday Trade Setup For 12 Sep 2023
Bullish-Above 45640
Invalid-Below 45530
T- 45900 46150
Bearish- Below 45360
Invalid-Above 45470
T- 45050 44770
BANKNIFTY has closed on a bullish note with almost 1% gain today. Buy triggered as per trade setup above 45390 and 1st target was achieved (45390-45560). However the momentum was a bit lethargic. Daily range broke upside last week above 45k is also approaching towards its ATH most probably. Only thing is that it is lacking momentum however that's a trait of bull. Tomorrow also we can expect bullish momentum above today's high, idle trade will be post a pullback. Buying from support should also be approached in intraday.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45640 then we will long for the target of 45900 and 46150.
For selling we need a 15 Min candle close below 45360. T- 45050 and 44770.
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 12/09/23.Nifty has formed a new ATH high and banknifty is around its ATH.
There can be a halt in the market has it has given a nice one side move and has travelled from 44400 to 45500 without a retest.
It has given a nice bullish candle and giving close 414 points higher.
On the hourly charts, it has showed a bullish movement and it trading way far from the moving averages.
The markets consolidated during the mid trading hours and gave a breakout and closed above 45500 levels.
Support :- 45440, 45230
Resistance :- 45680, 45855
Wait for the price action near the levels before entering the market.