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Bankniftyprediction

FASP levels for Bank Nifty 08/08/2023The FASP for BankNifty is listed for 08-08-2023. 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 09 Aug 2023BANKNIFTY Intraday Trade Setup For 09 Aug 2023 Bullish-Above 45100 Invalid-Below 44990 T- 45355 45613 Bearish-Below 44880 Invalid-Above 44990 T-44585 44250 BANKNIFTY has closed on a slight bullish note with 0.28% gain today. It was yet another day of consolidation. Since last 3 sessions index has been trading without momentum. It has been contracting since last few days and this usually happens before any start of a big move. Tomorrow whichever side it trade gets triggered follow 10 o'clock range breakout along with that. Important levels are 45100 and 44880 for tomorrow's session. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45100 then we will long for the target of 45355 and 45612. For selling we need a 15 Min candle close below 44880. T- 44585 and 44250. 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 08-08-2023BankNifty important intraday levels to watch for 07-08-2023 #Support: 44800 Short if candle closes below 44800 #resistance: 45000 Long if candle closes above 45000 #Targets on downside after break of support. Target 1= 44630 Target 2= 44400 #Targets on upside after break of resistance. Target 1= 45135 Target 2= 45360 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 08 Aug 2023BANKNIFTY Intraday Trade Setup For 08 Aug 2023 Bullish-Above 45015 Invalid-Below 44905 T- 45290 45612 Bearish-Below 44770 Invalid-Above 44880 T- 44510 44279 BANKNIFTY has closed on absolute flat note. Last day it was discussed that index has created a a bit big range which was 45120 44590. It was said that it is no trading range till breakout happens. Result is in front of us, it was total sideways and noisy inside the range. Nothing triggered as per trade setup. Today it has consolidated in a tight range of 240 points. Will simply trade on this range breakout. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45015 then we will long for the target of 45290 and 45615. For selling we need a 15 Min candle close below 44770. T- 44510 and 44279. 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
07 Aug ’23 Post Mortem on BankNifty - bearish to neutral nowBanknifty had a perfect flat range bound day today. Normally we dont see it that often, but banknifty seems like a tamed beast as of now. You might be bored to hear this from me again that from “January 2023, I think banknifty is less volatile than Nifty50”. A look at the options data is ample proof - the OTM option values today is more like we usually see on a wednesday. All non-directional traders who deployed straddle, strangles or iron condor/fly would have made some easy money as there was no breakout or breakdown. Just like the stance changed on Nifty from neutral to bullish, I preferred to change the stance on banknifty to neutral from bearish. Here again it is much early as we had no decisive break of the recent H&S nor the trendline. But today’s price action has influenced my decision - the bulls and bears are currently equally powered and it looks like both of them do not want to pick a fight now.
NSE:BANKNIFTY
by viswaram
Bank Nifty - Analysis & Prediction - 8th Aug 2023Banknifty Prediction tomorrow: BNF looks weaker when comparing with Nifty, still 43800 level is pending to be tested. There is a strong resistance around 45070 level is where We can look for SELL entry / or if Opens gap down 44707 below we can short entry.. BULLISH only above 45100 on 15m closing basis. 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 TradeSetup For 07-08-2023BankNifty important intraday levels to watch for 07-08-2023 #Support: 44780 Short if candle closes below 44780 #resistance: 45000 Long if candle closes above 45000 #Targets on downside after break of support. Target 1= 44630 Target 2= 44400 #Targets on upside after break of resistance. Target 1= 45135 Target 2= 45360 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 07 Aug 2023BANKNIFTY Intraday Trade Setup For 07 Aug 2023 Bullish-Above 45120 Invalid-Below 45010 T- 45441 45733 Bearish-Below 44590 Invalid-Above 44700 T- 44279 44000 BANKNIFTY has closed on a bearish note this week with 1.29% cut. In the last weekend it was discussed that index is sell on rise as per the hourly TF as it broke important swing low of 45620. A sign of reversal in the hourly TF as per the Friday bounce can be above 45120. Important level for downside in hourly TF is 44270. Intraday range for next session is a bit big, 45120 and 45590 being important level. Inside this range it is no trading zone. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45120 then we will long for the target of 45441 and 45733. For selling we need a 15 Min candle close below 44590. T- 44279 and 44000. 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 - 07 to 11th Aug 2023Banknifty Prediction: BEARISH Trend / Negative Sentiment Banknifty is in Down trend - Until it tests 43800. We can expect BULLISH reversal from 43800 but if that is compromises 43400 support will be tested. Global cues indicates, Monday BNF likely to Open Gap down. SELL entry points are 44551 below or 44800 levels. BULLISH trend only if trades above 45200. 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"Good morning! As of August 4th, there is no significant difference compared to the last session. However, the global market sentiment is slightly positive (based on the Dow Jones alone), and the market trend is bearish. There is a possibility of opening with a neutral to slight gap-up. Afterward, if the initial market breaks the previous day's closing price, it will reach the 38% Fib level. This level acts as a strong resistance, so there might be a rejection here. We can expect a continuation of the pullback only if the market breaks the 38% Fib level. On the other hand, if the initial market experiences sharp declines, we can anticipate a continuation of corrections with minor pullbacks, but it should break the previous day's low."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 04 Aug 2023BANKNIFTY Intraday Trade Setup For 04 Aug 2023 Sell_1- From 44890 Sl-45000 T- 44600 44300 Sell_2- Below 44270 Sl-44380 T- 44000 43750 BANKNIFTY has closed on a bearish note once again with more than 1% cut. Sell triggered as per trade setup below 44720 and hit almost both the targets (44720-44280). Tomorrow we if there is a gap up opening near 44890 then we will short from there once again, one can take 5 Min candle low as trigger. If sell triggers below 44270 tomorrow and it reverses by making a morning star in 15 Min TF or the 10 o'clock range breakout happens in the upside then only we will consider buying. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44270 then we will short for the target of 44000 and 43750. 2nd sell position will be considered from 44890. T- 44610 and 44300. 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 04/08/2023The FASP for BankNifty is listed for 04-08-2023. 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 Expiry tradesetup for 03-08-2023BankNifty important intraday levels to watch for 03-08-2023 #Support: 44750 (Immediate support for scalping 44880) Short if candle closes below 44990 #resistance: 45090 Long if candle closes above 45090 #Targets on downside after break of support. Target 1= 44600 Target 2= 44420 #Targets on upside after break of resistance. Target 1= 45240 Target 2= 45360 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"Good morning! As of August 3rd, the global market sentiment is slightly negative (based on the Dow Jones alone), and the market trend is bearish. Therefore, whether it opens with a gap-up or down doesn't matter. If the initial market experiences sharp declines, we can anticipate a continuation of corrections with minor pullbacks (potentially breaking the previous day's low). On the other hand, if the initial market undergoes some consolidation, there is a possibility of a 50 to 61% pullback (with the potential to break the 38% Fib level)."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 03 Aug 2023BANKNIFTY Intraday Trade Setup For 03 Aug 2023 Bullish-Above 45135 Invalid-Below 45025 T- 45410 45687 Bearish-Below 44720 Invalid-Above 44830 T- 44467 44215 BANKNIFTY has closed on a bearish note with 1.31% cut today. It opened with a big gap down today and it was sustained. All sell targets were hit although 10 o'clock range was valid as per analysis in today's market It was a big gap down day. 10 o'clock range broke downside below 45260 and last swing high was near 45350, around 90 points risk. It gave a trendy move till 44721. In the weekend it was said that it is sell on rise bcs it broke hourly swing low of 45620. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 45135 then we will long for the target of 45410 and 45687. For selling we need a 15 Min candle close below 44720. T- 44467 and 44215. 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 - 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