Nifty & Bank Nifty Analysis For 14 June 2024In this video, we'll discuss about Today's Market Movement and Tomorrow'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!
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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.
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Bankniftyprediction
[INTRADAY] #BANKNIFTY PE & CE Levels(13/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49550 level then possible upside rally of 400-500 points upto 49950 level & this rally can extend another 400 points if market gives breakout 50050 level in todays session. Any Major downside only expected in case banknifty starts trading below 49450 level. also possible reversal downside 49950 level.
Nifty & Bank Nifty Analysis For 13 June 2024In this video, we'll discuss about Today's Market Movement and Tomorrow'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.
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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
[INTRADAY] #BANKNIFTY PE & CE Levels(12/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49550 level then possible upside rally of 400-500 points upto 49950 level & this rally can extend another 400 points if market gives breakout 50050 level in todays session. Any Major downside only expected in case banknifty starts trading below 49450 level. also possible reversal downside 49950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(11/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49550 level then possible upside rally of 400-500 points upto 49950 level & this rally can extend another 400 points if market gives breakout 50050 level in todays session. Any Major downside only expected in case banknifty starts trading below 49450 level. also possible reversal downside 49950 level.
BANKNIFTY Intraday Trade Setup For 11 Jun 2024BANKNIFTY Intraday Trade Setup For 11 Jun 2024
Bullish-Above 50300
Invalid-Below 50190
T- 51000
Bearish-Below 49550
Invalid-Above 49660
T- 48730
BANKNIFTY opened absolutely flat and closed absolutely flat today. Intraday moves were choppy. It has formed a shooting star in daily TF and chance of a corrective move of the rise from 46100 is high. Below 49550 we may test 48700 zone. Chances of an inside candle looks high in weekly TF. 50300 will be important for any upside trigger, probably towards ATH. 48700 zone can act as an intraday support tomorrow.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 50300 then we will long for the target of 51k.
For selling we need a 15 Min candle close below 49550. T- 48700.
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.
[INTRADAY] #BANKNIFTY PE & CE Levels(10/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49550 level then possible upside rally of 400-500 points upto 49950 level & this rally can extend another 400 points if market gives breakout 50050 level in todays session. Any Major downside only expected in case banknifty starts trading below 49450 level. also possible reversal downside 49950 level.
Nifty & Bank Nifty Analysis For Next Week 10 June-14 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.
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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
Nifty & Bank Nifty Analysis 07 June 2024 + Trading PsychologyIn this video, we'll discuss about 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!
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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
Banknifty prediction for today 7 Jun 24As we discussed yesterday, Banknifty traded in a sideways-bullish zone.
If we look at the chart now:
The market has taken support from 200 EMA. The market is trading above EMA, which shows that the market is really bullish right now. There is also a bullish EMA(13, 50) crossover, which indicates that the market is in a bullish phase now. also, we got a golden crossover, which shows the market's strong bullish structure.
Support levels: 48937, 48639, and 47547
resistance levels: 49600, 50503, and 50919
If we look at the OI data:
PCR = 0.62, which has decreased from 0.82, shows a mild bearish sign in the market. There is no such max-pain that means the market can easily achieve 49500, which shows a significant CE writing on higher levels. Next, good CE writing is at 50000, which is also at the psychological level. On the other hand, the lower side, at 48500 and 49000, has good PE writing.
VIX has also decreased significantly, which indicates volatility is being controlled.
I am expecting the market:
Case 1: Sideways in range of 48937 - 49600.
Case 2: Bullish if it breaks 49600 to the upside.
Reason:
RSI > 60 shows a bullish structure.
Price > EMA(13, 50, 200), which indicates a Bullishmarket structure.
EMA Golden crossover of EMA(50, 200).
PCR = 0.62 has decreased from 0.82, which is a sign of worry that might lead to a sideways if 200 EMA holds good support.
Price > VWAP shows a Bullish market structure.
Verdict: Sideways in range of 48937 - 49600. bullish if it breaks 49600 to the upside.
Plan of action:
Case 1 : Sideways: Sell 48900 PE & 49500 CE (Hedge it with 20/- premium options)
Case 2 : Exit 49500 CE if it breaks to the upside.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49050 level then possible upside rally of 400-500 points upto 49450 level & this rally can extend another 400 points if market gives breakout 49550 level in todays session. Any Major downside only expected in case banknifty starts trading below 48950 level. also possible reversal downside 49450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(06/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49050 level then possible upside rally of 400-500 points upto 49450 level & this rally can extend another 400 points if market gives breakout 49550 level in todays session. Any Major downside only expected in case banknifty starts trading below 48950 level. also possible reversal downside 49450 level.
Bankknifty prediction for tomorrow 6 Jun 24Banknifty gave a really big bullish moment today. It's still an effect, and the market boomed 2000 points.
If we look at the chart now:
The market gave really big momentum to the upside. The market is trading above EMA, which shows that the market is really bullish right now. There is also a bullish EMA(13, 50) crossover, which indicates that the market is in a bullish phase now.
Support levels: 48639, 47475, and 46504
resistance levels: 49528, 50161, 50938
If we look at the OI data:
PCR = 0.86, which has increased from 0.47, shows a huge bullish sign in the market. 49000 is the max-pain. Lower levels have better PE writing than higher levels. The market is making a completely bullish structure.
VIX has also decreased significantly, which indicates volatility is being controlled.
I am expecting the market:
Case 1: Sideways in range of 48639-49528.
Case 2: On either side, it breaks to either side's trade accordingly.
Reason:
RSI > 60 shows a bullish structure.
Price > EMA(13, 50, 200), which indicates a Bullishmarket structure.
PCR = 0.86 has risen from 0.47 and shows great signs of bullishness.
Price > VWAP shows a Bullish market structure.
Verdict: Sideways in range of 48639-49528. and Volatile on either side, it breaks.
Plan of action:
Case 1 : Sideways: Sell 48650 PE & 49500 CE (Hedge it with 20/- premium options)
Case 2 : Exit the opposite position on either side. It breaks.
Banknifty prediction for today 5 Jun 24As we discussed, Banknifty, because of the event(election result) based trading, we are not going to trade. The fog is now clear, and we have which government is going to be there. Now, the market will be stable in 1 day or two.
If we look at the chart now:
The market had a massive fall yesterday because the election result was not as favorable as expected by the exit poll. Now, the market has reached a temporary support level of 46110 and a minor resistance level of 47837. The market is going to be sideways in the range of 46110-47837. The market might have good momentum on either side if it breaks.
Support levels:46110
resistance levels: 200 EMA, 47837, 49534
If we look at the OI data:
PCR = 0.47, which shows a bearish structure. 47000 is the max pain. Maximum positions have been added at 46500 and 46000, which is going to provide good support. On the upper side, 47000 and 47500 have good CE writing.
I am expecting the market to be:
Case 1 : Sideways in range of 46110-47837.
Case 2 : On either side, it breaks to either side.
The market is going to have high volatility because the VIX is still 26.74(Very High).
Reason:
RSI is 40-60 shows a sideways structure.
Price < EMA(13, 50, 200), which indicates a bearish market structure.
PCR = 0.47 shows a market bearish sign.
Price < VWAP shows that a bearish market structure.
Verdict: Sideways in the range of 46110-47837 and Volatile on either side it breaks.
Plan of action:
Case 1 : Sideways: Sell 46100 PE & 47800 CE (Hedge it with 20/- premium options)
Case 2 : Exit the opposite position on either side. It breaks.
04 Jun 2024 - If Circuit triggered on BankNifty, further panicBankNifty Analysis
The intraday fall on BankNifty was approx 5028pts ~ 9.84%, a few more points would have triggered the lower circuit and we would have had a pause of 30 to 45mts. The Lower circuit hit would have opened the floor to further fall due to panic and somehow magically the reversal came and it really saved the day.
If you look at the daily chart, the reversal came right at the 46284 support level, this was after breaking 48947, 48661, 48115, and 47465 (critical) supports. How that played out today was quite panic-creating.
Our stance is revised to bearish till proven wrong. Expecting some more volatility going forward, once the situation normalizes - will be more than happy to switch on the Algos with full thrust.
A coalition government is really good for the option traders, the uncertainty will spice up the option premiums. I could say with a decent level of confidence that a bit of fear is good for financial markets, after all, we were in a blind one sided rally.
[INTRADAY] #BANKNIFTY PE & CE Levels(04/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 51050 level then possible upside rally of 400-500 points upto 51450 level & this rally can extend another 400 points if market gives breakout 51550 level in todays session. Any Major downside only expected in case banknifty starts trading below 50950 level. also possible reversal downside 51450 level.
03 Jun 2024 - BankNifty has more steam left even after 4% rallyLast week we wrapped up the discussion saying BankNifty is looking more bullish than Nifty. We also said the torch bearer would be Banks in case of a positive scenario. India's growth story will have to come via Bank's is their base case, this explains the 40% plus dependency of the index on Financial Sectors.
BankNifty managed to close higher than the open value, almost 2000pts ~ 4% in what became a mega gap. The new ATH is 51106, notice that we managed to conquer 51000 levels too.
Our stance is bullish with the first support at 49937 levels.
Once the counting is in progress tomorrow - we could expect real volatility and fake moves too. We would get exact clarity only by Wednesday, Jun 5th, incidentally it's an expiry day too.
#Banknifty Trading Important levelsOn 1 Day Timeframe, Banknifty Index trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Banknifty Index.
Breakdown Move
- Confirmation for breakdown will be if Banknifty Index starts trading and sustain below 50311 level
- Downside rally nearly 2000 points expected in case of breakdown
- Intermediate support expected near 48855- level
- Short Trader can place there stop loss if Banknifty Index starts trading above 50568 level
Breakout move
- Long side movement expected in case Banknifty Index starts trading and sustain above 50568 level
- Above this level Banknifty Index can go upto the 53070+ level.
- Intermediate resistance expected near 52280 level
- Long trader can place there stop loss if Banknifty Index starts trading below 50311 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(03/06/2024) Today will be Huge gap up opening in BANKNIFTY. After opening if banknifty sustain above 50050 level then possible upside rally of 400-500 points upto 50450 level & this rally can extend another 400 points if market gives breakout 50550 level in todays session. Any Major downside only expected in case banknifty starts trading below 49950 level. also possible reversal downside 50450 level. (Note:have possibility market give another 400 points rally if market can go above 51050 level)
Analysis Next Week 03-07 June 2024 | Lok Sabha Election ResultsIn 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
Banknifty prediction for tomorrow 3 June | MondayAs we discussed, the Banknifty sideways and bullish structure market gave a volatile move in the uptrending channel range, as we discussed in case 1.
If we look at the chart now:
The market took very nice support from 200 EMA and is moving in an uptrending channel. The market is also making an inverted Flag & pole pattern, which is a bearish pattern. If the market breaks the pattern to the downside, it might make a nice bearish move.
Support levels: 200 EMA, 448487, 48223, 48000
resistance levels: 49061, 49315, 49650
If we look at the OI data:
PCR = 0.76, which has fallen from 0.82, shows the market is turning to a bearish side. 49000 is max pain. Maximum positions have been added at 49500 and 50000. on the lower side, 48500 and 48000
People are making Strange for election results. That can also be seen on the chart.
People are making short strangle in a wide range as premiums are already skyrocketing.
I am expecting the market:
Case 1 : Sideways in the uptrending channel.
Case 2 : if the market breaks the channel to the downside, the market will turn bearish.
With a good volatility market in upcoming sessions because VIX is 24.60.
Reason:
RSI is 40-60 shows a sideways structure.
Price > EMA(13, 50, 200), which indicates a bullish market structure, but as it is moving in the channel bullish direction is not yet confirmed
The last two candles have given good volume at the buy candle as well as good volume at the sell-off, which indicates sideways market pressure.
PCR = 0.82 shows good market bullish sign.
Price > VWAP shows that a bullish market structure.
Verdict: Sideways in the channel and bearish if it breaks to the downside.
Plan of action:
Case 1: Sideways: Sell 49200 CE & 48500 PE (Hedge it with 50/- premium options)
Case 2: Bearish: Sell 49200 CE (Hedge it with 50/- CE option)
[INTRADAY] #BANKNIFTY PE & CE Levels(31/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48550 level then possible upside rally of 400-500 points upto 48950 level & this rally can extend another 400 points if market gives breakout 49050 level in todays session. Any Major downside only expected in case banknifty starts trading below 48450 level. also possible reversal downside 48950 level.
Banknifty analysis for tomorrow 31 MayAs we discussed, the Banknifty bearish or Sideways structure market gave a volatile move in range, as we discussed in case 1.
If we look at the chart now:
The market took very nice support from 200 EMA. And it was quite volatile for the whole day. The Price is struggling to break the 50-EMA resistance. The market is going to be sideways in the range of 48487-48899 unless it breaks to the upside (high probability).
If we look at the OI data:
PCR = 0.82, which has risen from 0.63. shows a good amount of PE writing on the lower side. There has been good CE and PE writing at 48500 and 49000. The next support point is 48000 on the lower side and 49500 on the upper side.
People are making Strange for election results.
I am expecting
Case 1: Sideways in the range 48487-48900.
Case 2: if the market breaks 48900 to the upside- Bullish
With a good volatility market in upcoming sessions because VIX is 24.2.
Reason:
RSI is 40-60 shows a sideways structure. (Bearish)
EMA(50) > Price > EMA(200), which indicates indecisive or rather sideways market. The market has taken support from 200 EMA, which might lead to a bullish market in the upcoming session.
The market has given a good volume spike that shows this level is good support.
PCR = 0.82 shows good market bullish sign.
Price> VWAP shows that a bullish market structure can lead to a Bull market.
Verdict: Sideways (70% chances) or Bullish (30% chances)
Plan of action:
Case 1: Sideways: Sell 48500 PE & 48900 CE (Hedge it with 50/- premium options)
Case 2: Bullish: Sell 48600 PE (Hedge it with 50/- CE option)