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Bankniftyprediction

#banknifty"Good morning! As of July 10th, the global market is showing a negative start with moderately bearish market sentiment. It might open with a gap-down. If it breaks the immediate support zone after the opening, we can expect the correction to continue. On the other hand, if the initial market experiences a sharp pullback, we can expect a minimum of 38% to 61% Fib pullback. After that, if it sustains, we can expect the pullback to continue. however, if it takes decline then we can expect correction continuation"
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 10 Jul 2023BANKNIFTY Intraday Trade Setup For 10 Jul 2023 Buy- Above 45090 Sl-44980 T- 45352 45655 Sell- Below 44840 Sl- 44950 T- 44605 44357 BANKNIFTY has closed on a bearish note on Friday with almost 1% cut. On 4th Jul it was updated that the range breakout's first target is hit which was triggered above 44500. Trade gave around 1100 points move. Now it has closed below PDL in daily TF which is a sign of weakness. Below Friday's low it can create more bearishness. However we want a structure in daily TF for a confirmed short. Next bullish momentum above 45700. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45090 then we will long. T- 45352 and 45655. For selling we need a 15 Min candle close below 44840. T- 44605 and 44357. 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 07-07-2023BankNifty Important intraday levels to watch for 07-07-2023 #Support: 45250. Short if candle closes below 45250 #resistance: 45420. Long if candle closes above 45420 #Targets on downside after break of support. Target 1= 45000 Target 2= 44720 #Targets on upside after break of resistance. Target 1= 45648 Target 2= 45750 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
06 Jul '23 Post Mortem on BankNifty ExpiryWeekly Analysis BankNifty Between the last expiry & today, banknifty has gained 923pts ~ 2.08%. The rally not as neat as Nifty50 but more than enough to get the job done. Remember BN hit a new ATH this week. Today's Analysis  BankNifty did not follow N50 initially, for a noticeable time BN was hinting at a sideways move. HDFCBk started the day in red, ICICI & Kotak was looking to rally but the other major banks were not that excited at start. If you notice, when N50 hit a new ATH, BN was still not able to get through the recent swing high. Still BN managed to close the day with gains of 0.42%. At 14.15 seeing the huge green candle, i even thought we might cross the 45500 levels today. What BN has done today is to defend the recent support level. I have also drawn the 44778 line to show the recent level from where we have a breakaway gap. When the interest rates rise, the banks come under severe stress as the NPAs could rise. Having said that US02Y is at 5.06% something not seen for the last 15 years. And the last time we had something like this a recession followed. The banks in India are still on cloud 9, as RBI has not allowed the interest rate of bonds to exceed the 7.2% as of now!
NSE:BANKNIFTY
by viswaram
BANKNIFTY Intraday Trade Setup For 07 Jul 2023BANKNIFTY Intraday Trade Setup For 07 Jul 2023 Buy-Above 45420 Sl-45310 T- 45655 45859 Sell-Below 45190 Sl- 45300 T- 44965 44747 BANKNIFTY has closed on a bullish note with 0.42% gain today. It was bullish since opening price. However there was premium eating in the second half. Buy triggered above 45275 and it gave small gain of 140+ points just like yesterday. It has formed a saucer pattern in 15 Min TF which is a bullish sign. Above 45420 we can expect good upside momentum. Incase 45190 is breached then this will be invalid and there will be bearish action. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 45420 then we will long for the target of 45655 and 45859. For selling we need a 15 min candle close below 45190. T- 44965 and 44747. 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
2
FASP levels for Bank Nifty 07/07/2023The FASP for BankNifty is listed for 07-07-2023. 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 06 Jul 2023BANKNIFTY Intraday Trade Setup For 06 Jul 2023 Buy-Above 45275 Sl-45165 T- 45465 45655 Sell-Below 45070 Sl-45180 T- 44855 44667 BANKNIFTY has closed with a slight cut of 0.33% cut today. Sell triggered as per trade setup below 45220 and gave a small gain of 140 points. Overall it was complete sideways session with almost random moves. Last day it was said that there a possibility of an inside candle so has happened. Divergence between NIFTY and BANKNIFTY has started where the they are strong and slight weak respectively. If buy triggers post 1:30 then there is a strong possibility of short-covering move. 45465 and 45070 are important levels for next session. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 45275 then we will long for the target of 45465 and 45655. For selling we need a 15 Min candle close below 45070. T- 44855 and 44667. 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
1
FASP levels for Bank Nifty 06/07/2023The FASP for BankNifty is listed for 06-07-2023. 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 06/07/23.Banknifty has been forming doji after doji. Market opened 160 points lower and during the first trading hour travelled both side and forming doji. On the hourly charts, market took support from the 20 EMA and closed above the levels. The market traded inside the first hour candle and consolidated whole day. The markets is holding the higher levels and is in a sideways mode. Banknifty remained inside 200 points after the first hour volatility. On 15 minutes time frame, the market traded around the 20 ema and took resistance from the levels. It closed near the levels. Support :- 45020, 44780 Resistance :- 45360 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty Trade Setup for 05-07-2023BankNifty Important intraday levels to watch for 05-07-2023 #Current price: 45283 #Support: 45230 Short if candle closes below 45230. #resistance: 45400 Long if candle closes above 45400. #Targets on downside after break of support. Target 1= 45000 Target 2= 44880 Target 3= 44700 #Targets on upside after break of resistance. Target 1= 45650 Target 2 = 45920 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 05 Jul 2023BANKNIFTY Intraday Trade Setup For 05 Jul 2023 Buy-Above 45660 Sl-45550 T- 45950 46250 Sell-Below 45220 Sl-45330 T- 44975 44730 BANKNIFTY has closed with positive gain of 0.32% today. Last week we expected a target of 1150-1200 points above our buy level- 44500. Target almost achieved today (44500-45655). Our TSL is still intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. Today buy triggered as per trade setup above 45355 and hit 1st target. It has formed a neutral doji in daily TF. Chances of an inside candle tomorrow. 45660 and 45220 are important levels for tomorrow. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45660 then we will long for the target of 45950 and 46250. For selling we need a 15 Min candle close below 45220. T- 44975 and 44730. 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 05/07/23.Banknifty has formed a perfect doji on the daily time frame and has closed 150 points higher. On the hourly time frame, the market was volatile in the second half. A single hour candle tested 45650 levels and closed around 45300 levels. On 15 minutes charts, market closed below the 20 EMA in the morning hour but came back proving it a fake down. And finally has closed below the moving average . Support :- 45020, 44780 Resistance :- 45360 Wait for the price action near the levels before entering the trade.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 04 Jul 2023BANKNIFTY Intraday Trade Setup For 04 Jul 2023 Buy-Above 45355 Sl-45245 T- 45665 45928 Sell-Below 45040 Sl-45150 T- 44747 44447 BANKNIFTY has closed on a bullish note with almost 1% gain today. After the daily range breakout above 44500 it is giving non-stop momentum. We will keep on riding this swing position till our TSL is hit. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Today it opened with a decent gap up above our buy level and both targets were achieved as per trade setup. Nothing triggered as per 10 o'clock range breakout. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45355 then we will long for the target of 45665 and 45928. For selling we need a 15 min candle close below 45040. T- 44747 and 44447. 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
1
03 Jul '23 Post Mortem on BankNiftyBN had a different style of price action today comparing with N50. The open was gap-up & the rush to hit the HOD at 09.55 was similar. But what followed from there had minor changes. 1. The fall of 0.69% ~ 312pts from the top did have an impact on the momentum 2. Unlike N50, BN did not persist at the HOD levels after the first retracement. N50 had 3 more attempts at the top, it even ended at the top. One of the reason would be surge in stocks like ITC & RELIANCE which are not part of BN. From the options flow I could not detect any aggressive shorts getting written for BN unlike N50 - so I am not calling a top for BN today! Tomorrow's Finnifty expiry might really set the tone for banknifty as well. And the HDFC-HDFCBK merger, delisting & relisting has to be contained. If HDFCBK assumes 44 to 46% in banknifty & Finnifty - it wont look good from an index management perspective. Quite sure the officials will do something on it soon. 1hr TF Today's island formation really stands out, unlike N50 the other 3 days are not perfect islands as BN has closed the gaps quite cleanly. The nearest support is at 44068 ie 1100pts below. These are uncharted territory & the price behavior could get even more volatile. Always remember to wear your options trading seat-belts for BN :)
NSE:BANKNIFTY
by viswaram
BANKNIFTY Intraday Trade Setup For 03 Jul 2023BANKNIFTY Intraday Trade Setup For 03 Jul 2023 Buy-Above 44790 Sl-44680 T- 45039 45265 Sell-Below 44615 Sl-44725 T- 44370 44115 BANKNIFTY has closed at all time high with 2.58% gain last week. Last week 44100 and 43340 was the hourly range and 44500 and 43340 being the daily range. Hourly range and daily range both shifted in the upside. Index is heading towards 45700-46k zone as per the daily range shift. No sign of selling till we get a bearish price structure in daily TF. Dips will be considered to buy on a reversal sign as pullback trading. 44790 and 44615 are important levels for Monday's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44790 then we will long for the target of 45039 and 45265. For selling we need a 15 min candle close below 44615. T- 44370 and 44115. 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
30 Jun '23 Post Mortem on BankNiftyComparing with N50, banknifty did close the gap-up opening. Looking at the opening minutes I felt BN had more inclination to fall into the trading range of the previous day, but the way in which NiftyIT was surging - BN would have changed the mind to play along. BN also hit a new all time high of 44787.1 today, but the thrust to go up was not as convincing as N50. HDFC-HDFCBK may be the primary reason that these indices has got a new-found passion to outperform. Well we had 2 news flow in IndusInd and Federal Bank which helped it jump more than 3%. The one aspect in today's price action was the helplessness of the bears, they tried to bring down BN on 2 occasions but did not get enough crowd support.  The good news that came in was "Indian banks' gross bad loans fall to a 10-year low of 3.9%: RBI's Financial Stability Report". One news which looked scary was "Bank of America nurses $100bn paper loss after big bet in bond market". I am not sure if the SPX & SPF has priced this in. Something is not adding up, either the US FED rates are too high or the Indian RBI rates are not high enough. We have dichotomy in the financial sector - India vs US. 1hr TF BN has 2 islands vs 3 for N50. The new support level is now 44443 below which we can expect some range-bound trade. As it stands situation is very favorable for the bulls to continue the dream run.
NSE:BANKNIFTY
by viswaram