Get started

Bankniftyprediction

FASP levels for Bank Nifty 29/08/2023The FASP for BankNifty is listed for 29-08-2023. 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
28 Aug ’23 Post Mortem on BankNifty - support respected, bullishBanknifty was in tremendous form today, it seemed like it came prepared to rally today. Even though point wise we had only a 403pts ~ 0.91% intraday swing, the context was so important. Firstly banknifty defended the 44068 support below which it would have got a serious bearish bias. Secondly we had a breakout on 24th Aug where we went up till 44949. Today’s price action gave hope & meaning to it. Banknifty usually reacts first in a trend change, most likely if we have a strong session tomorrow due to Finnifty expiry (mostly banks) then Nifty is also likely to breakout from the bearish channel. On the 1hr chart Banknifty has broken out from the falling wedge and also rejected the support @ 44068. I wish to look out for bullish opportunities for tomorrow as long as the current structure is maintained. A breach of support 44068 will force me to change stance from bullish to bearish.
NSE:BANKNIFTYLong
by viswaram
BANKNIFTY Intraday Trade Setup For 29 Aug 2023BANKNIFTY Intraday Trade Setup For 29 Aug 2023 Bullish-Above 44615 Invalid-Below 44505 T- 44840 45045 Bearish-Below 44370 Invalid-Above 44480 T- 44100 43825 BANKNIFTY has closed on a bullish note with decent gain of 0.6% today. In the weekend we discussed that index is likely to maintain a sideways momentum till daily range (45000-43600) breaks, so one directional trade should be the target. It was complete sideways till buy triggered as per trade setup. 1st target was achieved smoothly above 43360. Bullish momentum likely to continue above today's high towards 44840 zone. Below 44370 it will be bearish in intraday. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 44615 then we will long for the target of 44840 and 45045. For selling we need a 15 Min candle close below 43370. T- 44100 and 43825. 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 daily analysis for 29/08/23.Banknifty looked positive today and has closed above the round level of 44500, closing 260 above. Still market faced rejection from 20 ema and has closed just below the levels. Though the market has formed a green candle, this might be a retracement of the previous swing for another bearish move. Market is standing around the 61.8% fib levels and has not closed above the levels. On the hourly charts, market has closed between both the moving averages and is taking resistance from 200 ema. There is not clear trend in the market. Watch for a clearer view to enter the trades. On 15 minute time frame, there is a bullish moving averages cross over and has closed above both the EMAs. Support :- 44480, 44350, 44182 Reesistance :- 44550, 44690 Market are approaching the monthly expiry and hasn't moved much in previous trading session. There will be a momentum in coming session. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 28 Aug 2023BANKNIFTY Intraday Trade Setup For 28 Aug 2023 Bullish-Above 44360 Invalid-Below 44250 T- 44631 44950 Bearish-Below 44130 Invalid-Above 44240 T- 43825 43518 BANKNIFTY has closed with slight cut in the last trading session. Last week after sustaining above 44100 in the hourly TF it gave a very fantastic move till 44900. Now if it sustains above 45000 in daily TF then it will be a swing buy or bullish biased. While Friday's low is important for a downside move. However key level in daily TF is 43600. Sustaining below this will initiate a move towards 42600 and 42000. Between this daily range market will stay in sideways momentum and less directional intraday trades will be the right approach. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44360 then we will buy for the target of 44631 and 44950. Gap area will be important. For selling we need a 15 Min candle close below 44130. T- 43825 and 43518. 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 weekly view for 28/08/23.Banknifty has formed a gravestone doji after retesting 50% fibonacci level of the recent swing. It has retest the upper levels after taking support from the 20 ema on weekly charts and is trading above the level. On the daily charts, the market has been trading below the 20 ema and hasn't closed above the moving averages. There was a gap up opening above the moving averages but it couldn't sustain above the level and closed below it. Banknifty has some support cushion below and there will be a good sell off once market start trading below 43400 levels which is the previous swing low. On the hourly charts, in the last trading session, market traded below both the moving averages. It took support around 44000 levels and recover quickly after testing the levels and remained volatile after the sudden boom. There is Cup and handle formation, on 15 minutes charts. The moving averages are close enough and market has closed below both the moving averages. Support :- 44000, 43750 Resistance :- 44475, 44690 The markets are still volatile and even on the last trading session didn't gave any trending move. Watch markets carefully as the support and resistance are nearby. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
FASP levels for Bank Nifty 25/08/2023The FASP for BankNifty is listed for 25-08-2023. 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
BANKNIFTY Intraday Trade Setup For 25 Aug 2023BANKNIFTY Intraday Trade Setup For 25 Aug 2023 Sell_1-From 44755 Invalid-Above 44865 T- 44500 44280 Sell_2- Below 44430 Invalid-Above 44540 T- 44175 43915 BANKNIFTY has closed on an absolutely flat note today after a big roller coaster ride. After the breakout of our bullish reversal key level- 44100 in hourly TF it gave a very good momentum 44949. Today it opened with a big gap up and 10 o'clock range broke downside below 44613 and 170 points gain with 120 points sl. Tomorrow if there is a gap down opening and 10 o'clock range breaks upside then we will buy. On a flat opening or gap up opening 44755 will be our short level. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44430 then we will short for the target of 44174 and 43915. In case of a flat/gap up opening we will short from 44755. T- 44500 and 44174. 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 Intraday Trade Setup For 24 Aug 2023BANKNIFTY Intraday Trade Setup For 24 Aug 2023 Bullish-Above 44525 Invalid-Below 44415 T- 44777 45015 Bearish Below 44340 Invalid-Above 44450 T- 44150 43950 BANKNIFTY has closed on bold bullish note with more than 1% gain today. Since last two sessions index was in a tight range. Also it was updated multiple time that index is trading near key resistance level- 44100 which is also our TSL for the short position from 45620; if it sustains above 41100 there will be bullish reversal. It sustained in hourly TF and a clear cut move we enjoyed. Buy triggered as per trade setup above 44155 and hit almost both targets. Next resistance will be near 44800 zone. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44525 then we will long for the target of 44777 and 45015. For selling we need a 15 Min candle close below 44340. T- 44150 and 43950. 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 Intraday Trade Setup For 23 Aug 2023BANKNIFTY Intraday Trade Setup For 23 Aug 2023 Bullish-Above 44155 Invalid-Below 44045 T- 44350 44550 Bearish-Below 43930 Invalid-Above 44040 T- 43717 43500 BANKNIFTY has closed on an absolute flat note today. It was total sideways in today's market. Since last day it is juts chilling at 42K. Index traded within 200 points range the whole day. Momentum was good for non directional traders. Tomorrow we will simply use today's market range to build our trade setup. Update about the short position from 45620 is that our TSL is still intact. No candle has sustained above 44100 in hourly TF. Now 44155 is the level as TSL. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44155 then we will long for the target of 44350 and 44550. For selling we need a 15 Min candle close below 43930. T- 44717 and 43500. 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 22/08/2023The FASP for BankNifty is listed for 22-08-2023. 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
BANKNIFTY Intraday Trade Setup For 22 Aug 2023BANKNIFTY Intraday Trade Setup For 22 Aug 2023 Bullish-Above 44120 Invalid-Below 44010 T- 44320 44550 Bearish-Below 43940 Invalid-Above 44050 T- 43720 43500 BANKNIFTY has closed on a slight positive note with 0.34% gain today. Last day it was updated that 44100 is an important level for our short position(from 45620). Today after testing the hourly resistance of 44100 it corrected. Now Above 44120 we will cut our short position completely. There is a chance of reversal in hourly TF above 44120. Today buy triggered as per trade setup above 43960 and gave around 150 points gain. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44120 then we will long for the target of 44320 and 44550. For selling we need a 15 min candle close below 43940. T- 43720 and 43500. 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 TradeSetup for 21-08-2023Banknifty important levels to watch are as follows #Support: 43735 Sell below: 43735 only on 15 minute candle closure below the level. Target 1: 43520 Target 2: 43290 #Resistance: 43925 Buy Above: 43925 only on 15 minute candle closure Above the level. Target 1: 44070 Target 2: 44281 #Demand Zone: 43730-43810 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 44000-44070 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #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 21 Aug 2023BANKNIFTY Intraday Trade Setup For 21 Aug 2023 Bullish-Above 43960 Invalid-Below 43850 T- 44238 44479 Bearish-Below 43760 Invalid-Above 43870 T- 43500 43239 BANKNIFTY has closed on a slight bearish note last week with 0.79% cut. Since the break of 45620 we have been in selling mode and each week it has been explained that index is sell on rise. Also probable targets were also discussed last week which were 43239 and extended target of 42600. So the 1st target is almost achieved. Now either one can book on break of previous hourly swing high- 44100 or wait for the continuation below 43600. For a confirmed bullish reversal we need a structure in daily TF which will be updated if that happens. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 43960 then we will long for the target of 44238 and 44479. For selling we need a 15 Min candle close below 43760. T- 43500 and 43239. 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 - Analysis & Prediction - 21 to 25 Aug 2023Bank Nifty Prediction for this Week: Indian Markets are in Down trend however there will be small correction in BNF this week. Currently it is taking support at Daily 100 SMA line. Next week Bank Nifty likely to test 44150 level before it falls again and there is high probability that Nifty might test 42500 mark very soon. BULLISH trend can be expected only if Daily close above 44300 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
1
FASP levels for Bank Nifty 21/08/2023The FASP for BankNifty is listed for 21-08-2023. 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