Get started

Bankniftyprediction

Bank Nifty - Prediction & Intraday Levels for - 01 Aug 2023Banknifty Prediction Tomorrow: BNF looks very weak and No strength on the upside, also we have strong resistance around 45900/46000 where we can expect sharp sell pressure. So changing my view towards BEAR side until BNF test hourly timeframe 200 EMA which is still pending to be tested. If BNF reverses, we can expect 45100/45000 before expiry. 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
BANKNIFTY Intraday Trade Setup For 02 Aug 2023BANKNIFTY Intraday Trade Setup For 02 Aug 2023 Bullish-Above 45640 Invalid-Below 45530 T- 45905 46135 Bearish-Below 45470 Invalid-Above 45580 T- 45240 44950 BANKNIFTY has closed with a minor cut of 0.13% today. Buy triggered as per trade setup which hit sl. However 10 o'clock range broke before that and this gave 180+ points gain if considered. Since last 3 sessions index is in contraction mode. We have a tight range for tomorrow's session also. 45640 and 45470 are important levels for tomorrow's session. High probability trade looks in sell side if triggers. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 45640 then we will long for the target of 45905 and 46135. For selling we need a 15 min candle close below 45470. T- 45240 and 44950. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BankNifty Trade Setup for 31-07-2023BankNifty important intraday levels to watch for 31-07-2023 #Support: 45240 Short if candle closes below 45240 #resistance: 45500 Long if candle closes above 45500 #Targets on downside after break of support. Target 1= 45040 Target 2= 45800 #Targets on upside after break of resistance. Target 1= 45670 Target 2= 45790 Target 3= 45980 Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:BANKNIFTYLong
by InvestyourAsset
#bnGood morning! As of August 1st, the global market has a slightly positive sentiment (based on only Dow Jones), and the market nature is moderately bullish. Therefore, it might start with a minor gap-up. After that, if the market rejects the immediate resistance, we can expect a minor correction. On the other hand, if it breaks through, it moves your target to the next resistance level. However, if the market opens gap-down, we can expect a range-bound market. We can anticipate a correction only if it breaks the previous bottom.
NSE:BANKNIFTY
by Manickamtraders
Banknifty future chart analysis for 01-08-2023Travelling above 45969, it may easily reach to its full target of 46213, in between 46076 is super strong resistance. Semi burst bollinger band , 45785 is an important level , if price remains above it and crosses standard deviation 2 , then you can take it as full fledge burst of bollinger band, and it may go much higher along side standard deviation3. if price goes below 45785, then there will be very little chance to take support on Median line it may go down to 45464, in between 45588 is a strong support.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 01 Aug 2023BANKNIFTY Intraday Trade Setup For 01 Aug 2023 Bullish-Above 45700 Invalid-Below 45590 T- 45901 46135 Bearish-Below 45470 Invalid-Above 45580 T-45240 44950 BANKNIFTY has closed with positive gain today of 0.4% today. Buy triggered as per trade setup above 45530 and gave 150+ points gain, although our expected target was not met and it closed. It has formed an inside candle in daily TF which is a sign of contraction. 45730 and 45230 is the broader range as per the inside candle. Above 45700 if sustained then it can test 45935 and above which 46135. It will be bearish below 45470. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45700 then we will long for the target of 45900-35 and 46135. For selling we need a 15 min candle close below 45470. T- 45240 and 44950. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP levels for Bank Nifty 31/08/2023The FASP for BankNifty is listed for 01-08-2023. 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.
NSE:BANKNIFTY
by SathishChandrasekaran
FASP levels for Bank Nifty 31/07/2023The FASP for BankNifty is listed for 31-07-2023. 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.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 31 Jul 2023BANKNIFTY Intraday Trade Setup For 31 Jul 2023 Bullish-Above 45530 Invalid-Below 45420 T-45805 46115 Bearish-Below 45230 Invalid-Above 45340 T-44949 44725 BANKNIFTY has closed on a slight bearish note with 1.32% cut last week. Index can give a pullback as down move but for that we have to wait patiently till a bearish price structure is established in daily TF. Also in hourly TF it is bearish, invalidation till a reversal sign is spotted. So its sell on rise till then. Reversal (M) structure has to be followed in 5 and 15 Min TF in the up moves. 45530 and 45230 are important level to look for breakout in tomorrow's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45530 then we will long for the target of 45805 and 46115. For selling we need a 15 Min candle close below 45230. T- 44949 and 44725. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
Bank Nifty - Prediction & Intraday Levels for - 31 Jul 2023Banknifty Prediction: BULLISH / Positive Sentiment towards 47K Banknifty likely to Open Big Gap up Open around 45800 level, if any buying momentum and sustains above 46000 we can expect 46300 will be tested on Monday. Further if sustains above 46370 we can expect 47K before expiry this week. BEARISH only below 45200, until Buy on dip. 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:BANKNIFTYLong
by ViVenTraders
banknifty analysis,aviod false breakout and how to follow trendi usually dont post on indices but this analysis will help you for both indices and stock analysis but will be much useful for option buyers as stock buyers they wont lose if stock is side ways guys usual learning rsi below 30 oversold above 70-80 over bought different people take it differently and macd above center line buy below center line sell, or in macd 26ema crosses 9 ema sell , or 9 ema crosses 26 ema buy moving averages when smaller moving average crosses larger moving average buy and when larger moving average crosses smaller moving average sell ,, and some guys use super trend they buy when given buy signal and sell when given sell signal , so everyone know these basics then is it that simple ? answer is no,it is not that simple there would be false signals most of the time and all tecnical indicators most of them are derived from price ,,there are also volume based indicators and etc. that is a different thing , so finally as saying goes "bav bagav hay market may" price is the god of market so all you need is to follow trend by confluence of signals (confluence trading) where multiple signals will give you a confirm trade--this will only happen when there is a trend so in case if you think you have too many indicators just follow trend . so one of the main essential thing is to get confirm trade and to avoid false signals lets get that with the above banknifty chart so you can see arrow1 where moving averages are so close which is nothing but convergence which also indicates sideways market so wait for a direction or breakout ,so why i use both macd and moving averages is you can see macd uses 26 and 9 ema and provides center line ,and moving averages i use are 20,50 100, so at that point you can see price broke above moving averages and there was rally and you can see on macd also there was strong convergence where arrow 2 is pointed and is above center so finally it broke out on higher side and trend is uptrend best way to take a trade is price completely above or below all the moving averages and in macd above center line or below center line ,,,so at arrow one you get a trade. so after a shift move you can see rsi was at 86 at arrow 8 and there was a hanging man candle that day market gap up opened , so it was sideways it did not fell immediately as soon as rsi is in overbought range there is no need that market need to fall when rsi is above 80 as i said it is just derived from price but indicates to stay cautios thats all, so you can see the trend is still up as price is still above mas ,and there came a fall of 368 points in one 15min candle ,which filled the gap of that day ,but later you can see the red circle where price is side ways where 20 ma is converged in price but still above 50 ma and you can see on macd arrow 3 it gave sell signal but the trend was side ways, so it is a false signal but it was above center line which indicates still uptrend but with some consolidation so next day price again gaped up filled gap , still above all ma and macd still above center line, arrow5 indicates convergence and rsi also indicating +ve divergence so till the trend is up do not take any bearish positions as long as above mas follow trend and market rallied. so at arrow seven you can see rsi is at 83 at 20 jul 14:15 candle the next 15 min candle there was a 108 point fall this also one of the false moment , you can see macd is still above center,and macd moving averages are +ve and price still above all mas, the next candle market fell another 80 points and recovered in the same 15 min candle, ""so another point is while taking trade let the candle closing be happening completely"", later market went to 46369.5 and rsi was at 74.77 at that high candle ok now rsi is decreasing from 83 to 74 so beraish divergence but still above mas, and going forward 21 jul 10:00 canlde you can see macd 9 ema crossing 26 ema and rsi is decreasing so wait and watch no trade to take later price was side ways and made some higher highs and higher lows but still not below mas at arrow 6 you can see finally macd is below center line but still 100 dma is respected but 20 and 50 are broken so not a trending market as price is not above all ma, at arrow 4 20 ema and 50 ema converged and rsi already in bearish and macd below centerline and macd emas also -ve so no bullish trades only bearish, so going forward price broke 100 ema and rsi going down and macd also , but you can see as the candle 25jul 11:30 it closed below 100 ema but next two had doji and it reversed a bit this is a difficult place to predict , but still macd below center line and rsi beraish and ma -ve crossover but a new point when you see there red consective maribozu candles it is 3 black crows , and three 3 green are three white soliders but in trending like this when you find three continous red candle mostly the next one will be green and vice versa in these type of situations so be careful , exact three black crows and 3 white soliders i will come up with a different post but in this set up they are false candels and you can see 3 green and there was a fall and again came 3 red then again at arrow 9, 2dojis and again 3 green candle at arrow 9 you see macd 9 ema is crossing 26 ema and rsi is showing positive to oversold signs,and ma are tavelling side ways, which is convergence ,so now market already sloped down as ball falls from high into smaller steps market made hh and hl (higher highs and higher lows) and stabilizing , so moving averages are converging and are so close , and there formed inverse head and shoulder with perfect head and shoulders as you can see two dojis in between and 3 red candels and 3 green green candels in head part at arrow 11 macd crossed center momentum is picking up, rsi is showing +ve divergence at arrow 10, at arrow 11 price is moving above mas with confirmed inverse head and shoulder, so you get another trade so finally expiry day came that too montly expiry and price hit the previous high , which is a resistance, so at the same peak there came 3 consecutive red candles so is this a real three black crows yes it is, you can see the fourth cadle is not green , and that is the candle that broke all 3 ema and closed below 100 ema, where arrow 12 is pointing 27 jul 11:15 candle ,also macd is above center but bearish crossover, rsi also bearish and price closed below all mas which is main thing followed by three black crows this was a real 3 black crows valid one , the fourth candle gave a strong validation so here comes another trade. at arrow 13 there was again 3 red and you can see followed by two green this always a false reversal in strong treding down , if in trend this occurs the trend will again be the same even for 3 white candels vice versa, and arrow 15 showed rsi 30 but is false , when going down trend the people who follow rsi 30 buy concept might entered here causing 2 green candle that hits tsl and stoploss, but in 3 rd candle you see again big fall so do not go againts these type of trends , these are just pull backs in treding where you can add quantity if you have conviction in set up, ,, similar you also saw in uptrend there are some falls but finally price moved higher ,same here also when going down dont go in reverse, so finally at arrow 14 the price took support on trendline that i drew on daily time frame , now macd is +ve but below center line, rsi is showing positive price above 20 ema but not above all emas so wait till you get confirm call let price move above all emas i think there will be again ma convergence wait for it or see if trendline breaks usually 1st week of month around 4-5 dates mutual funds buy so wait for all conditions to meet. so final conclusion, price above all mas very very important for trend followers, mas may be lagging indicators but are purest derivation of price macd above or below center along with macd ma crossover rsi divergences is lead indicator any pattern or interesting candle sticks or with bigger time frame trendline follow the trend for indice trader if option buying they make only if market is trending , so always wait for trend do not over trade . or if you want brekout method wait for averages to get close and see if other conditions are in your favor bingo!!! hope everyone enjoyed and learned something , and when experience builds up you will be in much more advantagious situation never depend on one indicator you can change the system with super trend also , but atlast everything is trend as price either need to go up or down or sideways . disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
NSE:BANKNIFTY
by techno_funda_guy
Banknifty trade setup for 28-07-2023BankNifty important intraday levels to watch for 28-07-2023 #Support: 45320 Short if candle closes below 45320. #resistance: 45550 Long if candle closes above 45550. #Targets on downside after break of support. Target 1= 45120 Target 2= 44750-44720 #Targets on upside after break of resistance. Target 1= 45790 Target 2= 46040 Target 3= 46380 Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:BANKNIFTY
by InvestyourAsset
BANKNIFTY Intraday Trade Setup For 28 Jul 2023BANKNIFTY Intraday Trade Setup For 28 Jul 2023 Sell-From 46060 Invalid-Above 46170 T- 45775 45570 Bearish-Below 45570 Invalid-Above 45680 T- 45227 44890 BANKNIFTY has closed on a bearish note with 0.83% cut today. It has formed a bearish engulfing candle in daily TF. Approach will be to sell on rise till it gives a breakout of 46370. Today it opened directly at 1st buy target via gap up. Later 10 o'clock range broke downside below 46175 and gave a trendy move. Meanwhile sell also triggered 45900 and hit 1st target (45575) very smoothly. In case of a gap up tomorrow we will plan for sell near 46060, one can safely do below 1st 5Min candle low. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes below 45570 then we will long for the target of 45227 and 44890. 2nd sell position from 46060 in case of gap up. T- 45775 and 45570. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP levels for Bank Nifty 28/07/2023The FASP for BankNifty is listed for 28-07-2023. 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.
NSE:BANKNIFTY
by SathishChandrasekaran
Banknifty Expiry trade setupBankNifty important intraday levels to watch for 27-07-2023 #Support: 45900 Short if candle closes below 45900. #resistance: 46160 Long if candle closes above 46160. #Targets on downside after break of support. Target 1= 45770 Target 2= 45620 #Targets on upside after break of resistance. Target 1=46320 Target 2= 46490 Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:BANKNIFTY
by InvestyourAsset
BANKNIFTY Intraday Trade Setup For 27 Jul 2023BANKNIFTY Intraday Trade Setup For 27 Jul 2023 Bullish-Above 46100 Invalid-Below 45990 T-46320 46535 Bearish-Below 45900 Invalid-Above 46010 T- 45622 45377 BANKNIFTY has closed on a bullish note today with 0.47% gain today. Buy triggered as per trade setup above 45945 and inched slowly and steadily towards 1st target. Trade gave around 150 points move but the momentum was just too choppy. If it sustains above today's high - 46100 then a possibility of a good upside move is there. Below 45900 it will have a bearish stance. While important level for downside is 45600 in hourly TF. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 46100 then we will long for the target of 46320 and 46535. For selling we need a 15 Min candle close below 45900. T- 45622 and 45377. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
#bankniftyGood morning! As of July 27th, the global market is starting positively, with GIFT Nifty showing a +75 point increase from the previous session. The market seems to be moving in a range without significant differences compared to before. It's moderately bullish, meaning there's an upward bias. We might see a gap-up opening. If the market stays within the range, it's likely to continue going up without a big drop. However, be cautious of a potential correction if it sharply rejects around the fib level of 78%.
NSE:BANKNIFTY
by Manickamtraders
Banknifty daily analysis for 27/07/23 (monthly expiry).Banknifty has finally traded and even closed above the 46k levels. After a gap up opening, it fill the gap and in the second half crossed the 46k levels. It has closed near the resistance zone of 46100 levels. Banknifty consolidated and gave a break out above 45950 levels. On the hourly charts, it has closed above the 20 ema and it respected the levels after a gap up opening. Tomorrow is monthly expiry and there can a trending market. On 15 minutes charts, the market totally respected the 20 ema and took support from the level, finally closing above it. Support :- 45980, 45830 Resistance :- 46080, 46250 Banknifty has retest the 38.2% levels and today has traded in a parallel channel. The breakout/breakdown can give nice target on the monthly expiry as there has been consolidation. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum