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Bankniftyprediction

Bank Nifty future chart analysis for 17.07.2023As you are seeing here a declining wedge (wedge rules- gives good movement to opposite side) you are also seeing that last two breakout did not sustain , may be this time it will sustain if it crosses above 45044, above 45044 there is a high chance that it will reach 45295. but if it will goes inside again after breaking upside of the wedge then it will reach 44679 certainly. if it crosses down below 44820 ,without crossing upside the it may face strong support at 44679 and may again travel upside to the level of 45044. crossing down below 44679 may push it much deeper side.
NSE:BANKNIFTY1!
by stoxway
1
14 Jul '23 Post Mortem on BankNifty - 348pts in 50mts race car!Banknifty on the other hand a totally contradicting price action that of Nifty50. If you have read my previous reports, I was continuing to look for bearish opportunities. The fall from the open to the low of the day was 375pts ~ 0.83%. This along with the previous day's price action would be more than enough for any chartist to go bearish. Thats when the surprise unleashed! A rally of 348pts ~ 0.78% in the last 50mts of trade. This also took out the bearish trend line. Yesterday we had a brief moment of trade above the bearish channel but that got negated. But today's breakout can be considered valid since we closed strong. My bearish bet is over & I continue to be neutral on banknifty. If it takes out 45117 level in the next day - I will start looking for bullish opportunities.
NSE:BANKNIFTY
by viswaram
BANKNIFTY Intraday Trade Setup For 14 July 2023BANKNIFTY Intraday Trade Setup For 14 July 2023 Buy-Above 44870 Sl-44760 T- 45125 45370 Sell-Below 45610 Sl-45720 T- 44350 44110 BANKNIFTY has closed on an absolute flat note today. Buy triggered as per trade setup above 44940 and gave 140 points gain but did not hit our expected target. Once again the same sell the rise worked perfectly in today's market. This in every trade setup it has been mentioned that in each rise we have to find a reversal structure (M structure) in 5 Min TF for a sell trade as index has entered decline phase. Today's high is a bit important for any sort of bullish reversal in hourly TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 45090 then we will long for the target of 45370 and 45655. For selling we need a 15 Min candle close below 44610. T- 44350 and 44110. 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 14/07/23.Market today has closed flat. In the morning even after a gap up market tried to cross and sustain above 45k levels but couldn't sustain and there was a sell off in the second half given nice sell opportunity. Option premium on the PE side gained almost 200%. Today was option buyers day and a trending market in the second half. Banknifty lost around 500 points from the day high and started closing below 44700 level (previous support). On the hourly charts, market are unable to sustain above 20 ema. On the smaller time frame, moving averages close enough and are converging and diverging. There is a bearish move in the banknifty as it is not crossing the previous high and lower high lower low formation is going on. Support :- 44610, 44450 Resistance :- 44780, 45060 While moving up market has formed many gaps and it is filling it slowly. If the market start trading below 44600 levels, 44500 levels will be tested. Buyer and seller are still in confusion where to take the market. Let there be a trend and follow it. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 13 Jul 2023BANKNIFTY Intraday Trade Setup For 13 Jul 2023 Buy-Above 44940 Sl-44830 T- 45185 45420 Sell-Below 44560 Sl-44670 T- 44270 43979 BANKNIFTY has closed on a bearish note once again with 0.24% cut today. Since the start of this week it has been updated everyday that index is in decline phase and all the up moves are for selling on a bearish price (M) structure in 5 Min TF. Yesterday one view was discussed that index may give a pullback till 0.618 level. It gave a dot reversal from that zone today. it is moving in a channel pattern in hourly TF. One major move may come on breakout either side. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44940 then we will long for the target of 45185 and 45420. For selling we need a 15 Min candle close below 44560. T- 44270 and 43979. 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 13/07/23 (weekly analysis).Banknifty today has given a consolidation and a break down in the last hour of the trading session. The market has tested the 50% fibonacci level today and is closed to the daily 20 Ema. The market is in the bullish move and can continue the up move if it reverse from the golden ratio. On the hourly charts, market has taken resistance from the 20 ema and closed between both the moving averages. The last hour candle has given some negative movement but is still following a trend line. There is a bearish moving averages cross over, on 15 minutes charts, and has constantly taken rejection from the 20o ema. Support :- 44450, 44210 Resistance :-44750-70, 44925 If there is a gap up and market continues to move up and continues to move up, there are chances of break out of the parallel channel which market is following. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty Trade Setup for 12-07-2023BankNifty Important intraday levels to watch for 12-07-2023 #Support: 44700 Short if candle closes below 44700 #resistance: 44920 Long if candle closes above 44920 #Targets on downside after break of support. Target 1= 44520 Target 2= 44260 #Targets on upside after break of resistance. Target 1= 45150 Target 2= 45400 Target 3= 45650 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
#bankniftyGood morning! As of July 12th, there is no significant difference compared to the last session. The global market is showing a positive start with moderately bearish market sentiment. It might open with a gap-up. If it sustains, we can expect the continuation of the pullback. after that if it rejects the immediate resistance zone, it will turn into a range market for correction. Conversely, if the initial market experiences a sharp decline, then the correction will continue.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 12 Jul 2023BANKNIFTY Intraday Trade Setup For 12 Jul 2023 Buy-Above 45140 Sl-45030 T- 45397 45655 Sell-Below 44660 Sl-44770 T- 44443 44220 BANKNIFTY has closed on slight bearish sentiment once again with 0.26% cut. Buy triggered as per trade setup above 44950 and gave around 1:1 then reversed without our target. Then 10 o'clock range broke downside below 44930 and gave a trendy move till 44665. On a flat opening it may give a pullback tomorrow. In case of pullback we need a find a M structure in 15 Min TF near 45000 for a short trade. It was updated yesterday that all up moves must be considered for short on a bearish structure in 5 MIN TF. Today it worked fantastic. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45140 then we will long for the target of 45397 and 45655. For selling we need a 15 Min candle close below 44660. T- 44443 and 44220. 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 movement at weekly levelIts clearly seen inside candle formation last week (in comparison to earlier week) and current week also inside candle formation seen since 2 days (mon, tue) based on last week, so its like inside candles since 2 weeks. So wait time for a big movement either on upside or downside. Upside if it breaks, needs a lot of strength though to go up further and a retest of it can make a better price action movement. Contrary on downside can be a little quick due to no support at weekly levels. Lets see Please note its a weekly time frame!
NSE:BANKNIFTY
by AdhigamaTrading
FASP levels for Bank Nifty 12/07/2023The FASP for BankNifty is listed for 12-07-2023. 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 daily analysis for 12/07/23.Banknifty fell around 400 points in the second half from the day's high but respected the support zone and closed above the 44700 levels. A nice bearish candle has been formed on the daily charts and closed 120 points lower after a gap up of same number. It tried to cross the 45k levels and sustained above it in the first half. But market took a U-turn and travelled lower touching 44660 levels. On the hourly charts, market has closed below the 20 ema and the huge red candles shows some weakness in the finance market. Support :- 44700, 44450 Resistance :- 44925, 45120 Market has formed resistances near by and the supports are still away to be tested. If the market start trading below 44700 levels, it can give 44500 as a target Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 11 Jul 2023BANKNIFTY Intraday Trade Setup For 11 Jul 2023 Buy-Above 44950 Sl-44840 T- 45230 45445 Sell-Below 44720 Sl-44830 T- 44443 44220 BANKNIFTY has closed on a with a slight cut of 0.14% today. Buy triggered as per trade setup which hit sl then sell triggered which did not give us gain EOD. All up moves have to be carefully observed for a reversal structure in 5 Min TF as index is in decline phase. Important support lies near 44443-44500 as per CIP in daily TF. If at all market makes a bearish price structure in daily TF then this region/level can be the neckline area. 44950 and 44720 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44950 then we will long. T- 45230 and 45445. For selling we need a 15 Min candle close below 44720. T- 4443 and 44220. 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