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Bank Nifty Analysis June 27 2024 TRADE WITH CAUTIONLast Analysis Review: From my previous Bank Nifty analysis on June 26, 2024, we observed that “Scenario 2” (Sell if we see a strong resistance between 52900 - 53000) partially played out accurately. Now, let’s delve into the current scenario. Analysis: June 27, 2024 Short-Term View: Again Caution is advised as the market rises on sentiments ahead of the FINAL BUDGET 2024 presentation. Strong move is expected above 53000 or below 52349 in coming days Long-Term View: Despite short-term optimism, the higher time frames (e.g., 4-hour or 1-day) reveal weak technical aspects for Bank Nifty. Strong candles with small wicks may signal a fake breakout. With price consolidation between 52350 - 53000 we can see a break out on either side. We may expect a fake breakout above 53000 considering Budget 2024 around the corner. Banking News POSITIVE NEWS SBI raises Rs 10,000 cr via 15-year infrastructure bonds at 7.36% coupon Unambiguous commitment needed to bring down inflation to 4% target: RBI Governor Das ICICI Bank surpasses UBS to become 18th largest bank globally NEGATIVE NEWS Yes Bank restructures workforce, lays off 500 employees in cost-cutting move Farm loan waivers to negatively impact banks' asset quality: Macquarie T rading Scenarios: Scenario 1 (Gap Up): If Bank Nifty opens above or around 52,900, watch for resistance at 53,000. Consider buying above 53,000 with caution. Scenario 2 (Gap Down): If the price opens between 52,700 and 52400, Wait till it break strong support at 52360 on 30 Min time frame. With tight stop loss consider buying if price respects the support region. Sell if a strong breakout is seen below 52349, use a tight stop loss. Scenario 3 (Flat): Wait until BankNifty breaks previous day high or low on 30 minute time frame before going long or short. You can take small trade if you see BankNifty range bound movement between 52400 - 52900. But a strong move is expected above 53000 or below 52349 in coming days ✅ Bank Nifty Support and Resistance Levels: Intraday Resistance Zone: 52,700 - 53000 Intraday Resistance 1: 52,700 Intraday Resistance 2: 53,000 Intraday Resistance 3: 53,500 Intraday Support Zone: 52,349 - 52,460 Intraday Support 1: 52,681 Intraday Support 2: 52,349 Intraday Support 3: 52,000 🔍 Bank Nifty Options to Watch (July 3): Call Option: 52,700 CE Put Option: 52,500 PE Trade wisely and adapt to market dynamics! 🚀📊 #tradenxt #bankniftyanalysis #bankniftylivetrading #livetrading #stockmarketanalysis #stockmarketanalysis03july2024 #IntradayTrading #IntradayCalls #BankniftyPredictions #StockMarketPredictions #bankniftytomorrowprediction #niftyanalysis #niftypredictions #bankniftyoptions #niftyoptions #banknifty52700ce #banknifty53900ce #banknifty52500pe
NSE:BANKNIFTYShort
by kislaysumit
BankNifty Analysis 26 JUNE Short-Term Caution Amid Anticipation📈 Bank Nifty Analysis: Short-Term Caution Amid Anticipation Last Analysis Review: From my previous Bank Nifty analysis on June 25, 2024, we observed that “Scenario 1” (Buy above Gap up opening with 30-minute closing above 52,000) played out accurately. Now, let’s delve into the current scenario. Analysis: June 26, 2024 Short-Term View: Caution is advised as the market rises on sentiments ahead of the FINAL BUDGET 2024 presentation. Long-Term View: Despite short-term optimism, the higher time frames (e.g., 4-hour or 1-day) reveal weak technical aspects for Bank Nifty. Strong candles with small wicks may signal a fake breakout. Private Sector Bank Rally: Analysts at Macquarie expect healthy ROAs and ROEs for private sector banks over the next three years. These banks remain steady compounding stories, less affected by ECL regulations. External Debt Update: India’s external debt stands at $663.8 billion as of end-March 2024, rising by $39.7 billion from the previous year. Trading Scenarios: Scenario 1 (Gap Up): If Bank Nifty opens above or around 52,900, watch for resistance at 53,000. Consider buying above 53,000 with caution. Scenario 2 (Gap Up with Resistance): If the price opens between 52,900 and 53,000, be prepared for resistance. Sell immediately within the first 15-30 minutes if a strong breakout above 53,000 doesn’t occur. Use a tight stop loss. Scenario 3 (Flat or Small Gap Down): Wait until Bank Nifty breaks below 52,349. ✅ Bank Nifty Support and Resistance Levels: Intraday Resistance Zone: 52,746 - 52,987 Intraday Resistance 1: 52,746 Intraday Resistance 2: 52,984 Intraday Resistance 3: 53,561 Intraday Support Zone: 52,537 - 52,460 Intraday Support 1: 52,460 Intraday Support 2: 52,300 Intraday Support 3: 52,000 🔍 Bank Nifty Options to Watch (June 26): Call Option: 52,700 CE Put Option: 52,500 PE Trade wisely and adapt to market dynamics! 🚀📊 #tradenxt #bankniftyanalysis #bankniftylivetrading #livetrading #stockmarketanalysis #stockmarketanalysis24june2024 #IntradayTrading #IntradayCalls #BankniftyPredictions #StockMarketPredictions #bankniftytomorrowprediction #niftyanalysis #niftypredictions #bankniftyoptions #niftyoptions #banknifty52700ce #banknifty53900ce #banknifty52500pe
NSE:BANKNIFTY
by kislaysumit
BANKNIFTY Prediction for tomorrow 26 JunAs we discussed, BANKNIFTY opened a side gap down and then gave a really nice bullish momentum to the upside. If we look at the chart now: The market has broken an all-time high and is going HH. I am expecting the market to move further upward till the 53000 as of now. Support levels: 52000, 51255, and 50494 resistance levels: 53185 and 54163 If we look at the OI data: PCR = 1.61, which has changed from 1.09, shows the very bullish nature of the market. Today, all CE seller exited their positions on lower levels. And new PE additions have been made on the lower side. 52500 is Max-pain. There is not a good resistance level on the higher side till 53000 right now. I am expecting the market to move with good volatility in the range of 52000-53185. Reason: RSI = 70, showing divergence, which might lead it to a sideways market. Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.33, which shows the market is strongly bullish. Price > VWAP shows a bull market structure. Verdict: Sideways or Bullish Plan of action: Sell 53000 CE and Sell 52000 PE (Hedge it with 20/- premium CE) Tomorrow is the expiry of trade with caution. There might be big fluctuations in the options premiums.
NSE:BANKNIFTY
by finnova_
Banknifty analysis for tomorrow 24 Jun As we discussed, BANKNIFTY opened high at resistance and fell to 50 EMA. I also updated the chart during the day to protect profits. After that, it became a roller coaster having a sideways wild move. If we look at the chart now: The market is having huge volatility, taking support at 50 EMA again and again, which shows a healthy bullish structure. Support levels: 51275 and 50723 resistance levels: 51833 and 52400 If we look at the OI data: PCR = 1.08, which has changed from 1.09, shows mostly profit booking on both sides of the market. If we look at the last 2 hours, there was only CE and PE windoff. CE winding off was much larger than PE windoff. 51500 is working as max-pain. 52000 and 52500 have huge CE writing, and on lower levels, 51000 is going to provide very nice support as it has huge PE writing. If we look at CE writing, it is way more than PE writing today. I am expecting the market: Case 1 : Sideways in range 51275 - 51833 . Case 2 : Go with the breakout on either side; it breaks. Reason: RSI 40-60 indicating sideways momentum; Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.08, which shows the market is still in the bull's favor. Price > VWAP shows a bull market structure. Verdict: Sideways or Bullish Case 1 : Sideways in the range 51275 - 51833. Case 2 : Go with the breakout on either side; it breaks. Plan of action: Case 1 : Sideways-> Sell 51500 CE and 51500 PE (Hedge it with 20/- premium CE) Case 2 : Exit the opposite position on either side. It breaks the range.
NSE:BANKNIFTY
by finnova_
Bank Nifty 24-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5100# Major Resistance - Around 5200# See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY Intraday Trade Setup For 24 Jun 2024BANKNIFTY Intraday Trade Setup For 24 Jun 2024 Bullish-Above 52000 Invalid-Below 51890 T- 52550 53111 Bearish-Below 51200 Invalid-Above 51310 T- 50570 49900 BANKNIFTY has closed on a bullish note with 3.32% gain last week. It is approaching 53100-500 zone in the coming days. I feel that chances of a top is between 53k zone. 53100-53250 can act as a strong resistance in intraday when tested. Since last 2 sessions index has traded between 52k and 51200, we will simply trade this range breakout. However it looks bullish as per the last session candle which is a Pinbar. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 52k then we will long for the target of 52550 and 53111. For selling we need a 15 Min candle close below 51200. T- 50570 and 49900. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Monthly Expiry Special Nifty & Bank Nifty Next Week 24-28 JuneIn this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:BANKNIFTYShort
by TheStockMantra
BANKNIFTY analysis for today 21 JUNAs we discussed, BANKNIFTY was in the sideways channel today, If we look at the chart now: The market had a bearish momentum from resistance initially, but after that, it took support and went high till the given level. Support levels: 51163, 50485, and 49700 or 200 EMA resistance levels: 51836 and 52450 If we look at the OI data: PCR = 1.09, which has decreased from 1.34, shows a bearish sign in the market. 50450 is working as max-pain. There has been a huge CE Writing at 51400 and 51500. I am expecting the market: Case 1 : Sideways in range 51163-51836. Case 2 : Bearish if breaks to downside. Reason: RSI > 50 is showing divergence, which might lead to some corrections. Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.09, which has decreased from 1.34, shows a bearish market. Price> VWAP shows a bull market structure. Verdict: Sideways or Bearish Case 1 : Sideways in range 51163-51836. Case 2 : Bearish if it breaks the 51163 to the downside. Plan of action: Case 1 : Sideways-> Sell 51500 CE and 51500 PE (Hedge it with 20/- premium CE) Case 2 : Bearish: Keep Sell 51500 CE (Hedge it with 20/- premium CE)
NSE:BANKNIFTY
by finnova_
1
20 Jun 2024 Govt. planning to raise taxes, help retail traders??BankNifty Stance Bullish ⬆️ Unlike Nifty, banknifty had more stability today but yesterday's outlier performance had its implications today. The premiums of CALL options were too pricey, which then normalized as the day progressed. Do not really know how the banks have so much of a firepower to keep going up, we are at the top and the banks are hungry for more. From a macro perspective, we have two news speculations/rumors going around Govt. of India is planning to increase taxation to prevent HFTs and Algo firms from exploiting the retail traders. Govt. of India is planning to increase taxes on FnO, and make it a speculative model (similar to lottery and crypto) to discourage retail traders from losing. I see the Govt. being opportunistic and raising the taxes by sugar coating the narratives. Too much of taxes will spoil this industry and the main thing that got the current government re-elected was the perception of the Indian economy through the lens of stock markets. The stance on BN continues to be bullish, we are all actively watching the space to know when we run out of steam - till then the dance should not stop.
NSE:BANKNIFTYLong
by viswaram
Today Nifty & Bank Nifty Analysis For 20 June 2024In this video, we'll discuss about yesterdays Market Movement and Today's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTYShort
by TheStockMantra
BANKNIFTY live prediction for today 20 Jun 24As we discussed, BANKNIFTY was in the upside channel today, breaking the resistance to the upside and giving a really good bullish momentum. If we look at the chart now: The market had a really good bull run with huge volatility, as it had huge momentum yesterday. The market is going to have the same volatility again today. The market had a really good bullish run, breaking all the levels to the upside. We get higher levels using Fib extension. Support levels: 51163, 50485, and 49700 or 200 EMA resistance levels: 51836 and 52450 If we look at the OI data: PCR = 1.09, which has decreased from 1.34, shows a bearish sign in the market. 50450 is working as max-pain. There has been a huge CE Writing at 51400 and 51500. I am expecting the market: Case 1 : Sideways in range 51163-51836. Case 2 : Bearish if breaks to downside. Reason: RSI > 50 is showing divergence, which might lead to some corrections. Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.09, which has decreased from 1.34, shows a bearish market. Price> VWAP shows a bull market structure. Verdict: Sideways or Bearish Case 1 : Sideways in range 51163-51836. Case 2 : Bearish if it breaks the 51163 to the downside. Plan of action: Case 1 : Sideways-> Sell 51500 CE and 51500 PE (Hedge it with 20/- premium CE) Case 2 : Bearish: Keep Sell 51500 CE (Hedge it with 20/- premium CE)
NSE:BANKNIFTY
by finnova_
BANKNIFTY Intraday Trade Setup For 20 Jun 2024BANKNIFTY Intraday Trade Setup For 20 Jun 2024 Bullish-Above 52000 Invalid-Below 51890 T- 52550 Buy_2- From 50820 Invalid-Below 50710 T- 51400 BANKNIFTY has closed on a bold bullish note with 1.9% gain today. Buy triggered as per trade setup above 50600 and gave a very good move after the pullback entry. It had a huge divergence with NIFTY. We discussed yesterday that index has given a range breakout in hourly TF above 50300 and good momentum is kicking in now. Tomorrow by any chance 50820 is tested then it will be an intra support. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 52k then we will long for the target of 52550. 2nd buying can be done from 50820. T- 51400. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Nifty & Bank Nifty Analysis For Today 19 June 2024In this video, we'll discuss about Yesterday's Market Movement and Today's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTY
by TheStockMantra
BANKNIFTY Intraday Trade Setup For 19 Jun 2024BANKNIFTY Intraday Trade Setup For 19 Jun 2024 Bullish-Above 50600 Invalid-Below 50490 T- 51160-200 Bearish-Below 50120 Invalid-Above 50230 T- 49650 BANKNIFTY has closed on a bullish note with 0.88% gain today. After couple of days it broke narrow hourly range in the upside. Buy triggered as per trade setup above 50260 and gave a move till 50560, good intraday gain. Tomorrow once again we may a good upside move if index opens below 50560 and then breaks 50600, after a pullback before breakout. 50120 will be an intra support. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 50600 then we will long for the target of 51160. For selling we need a 15 Min candle close below 50120. T- 49650. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY prediction for tomorrow 19 Jun 24 As we discussed, BANKNIFTY could not break the zone to the downside; instead, after a heavy bearish candle, it ended strong bullish with huge volatility. If we look at the chart now: The market took support at 50 EMA and gave a great bullish momentum. The market seems bullish right now. The market is moving in an uptrending channel right now. One can make a bullish entry after retracement. The market is going to be bullish in the upside channel and bearish in the downside channel. Support levels: 50206, 49704, and 49040 resistance levels: 50909 and 50126 If we look at the OI data: PCR = 1.34, which has increased from 0.94, shows a Bullish sign in the market. 50500 is working as max-pain. There has been a huge CE unwinding at lower levels today. Fresh CE writing is significantly higher on lower levels. I am expecting the market: Case 1 : Bullish in upside trending channel. Case 2 : Bearish in the lower side of the channel. Reason: RSI 72 shows a Bullish Structure. Price > EMA(13, 50, 200), which indicates the bull market for tomorrow session. PCR = 1.34, which has increased from 0.94, shows a Strong bullish sign in the market. Price> VWAP shows a bull market structure. Verdict: Bullish Case 1 : Bullish in upside trending channel. Case 2 : Bearish in the lower side of the channel. Plan of action: Case 1 : Bullish: Sell 50500 CE (Hedge it with 20/- premium CE) Case 2 : Bearish: Sell 50500 PE (Hedge it with 20/- premium PE)
NSE:BANKNIFTYLong
by finnova_
BANKNIFTY Intraday Trade Setup For 17 Jun 2024BANKNIFTY Intraday Trade Setup For 17 Jun 2024 Bullish-Above 50260 Invalid-Below 50150 T- 50750 Bearish-Below 49690 Invalid-Above 49800 T- 49200 BANKNIFTY has closed on with a slight gain of 0.41% gain last week. We already discussed that probability of an inside candle is very high last week, inside candle represents contraction. Next week 49500 looks an important level for a downside trigger in short term. Below 49500 index may start a bearish journey in daily TF. Index has formed a stiff ceiling @ 50250 so above this we may witness a bullish breakout move. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 50260 then we will long for the target of 50750. For selling we need a 15 Min candle close below 49690. T- 49200. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Nifty & Bank Nifty Analysis For Next Week 17-21 June 2024In this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTY
by TheStockMantra
2
Banknifty Prediction for tomorrow (Monday) 17 JunAs we discussed in the morning, BANKNIFTY ended up sideways. If we look at the chart now: The market is indecisive, as neither bulls nor bears are able to move the market in a direction. The market is taking support at 50 EMA(15 min TF). If it breaks to the downside, we might get a good bearish fall til 200 EMA. Support levels: 49929, 49704, and 200-EMA resistance levels: 50086 and 50213 If we look at the OI data: PCR = 0.94, which has increased from 0.74, shows a Bullish sign in the market. 50000 is working as max-pain. On the Lower side, there is significantly more PE writing than CE writing at higher levels, as can be seen in the attached image. I am expecting the market: Case 1: Sideways in range 49229 - 50086. Case 2: Bearish if it breaks 49229 to the downside. Reason: RSI 46-60 shows a sideways structure. Price < EMA(13) but greater than EMA(200), which indicates the market can correct itself till 200 EMA. PCR = 0.94, which has increased from 0.74, shows a mild bullish sign in the market. Price ~= VWAP shows an indecisive market structure. Verdict: Indecisive Case 1: Sideways in range 49929 - 50086. Case 2: Bearish if it breaks 49929 to the downside. Plan of action: Case 1 : Sideways: Sell 49900 PE & 50100 CE (Hedge it with 20/- premium options) Case 2 : Exit 49900 PE if it breaks to the downside.
NSE:BANKNIFTY
by finnova_
3