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Bankniftypredictions

Bank Nifty ( Long Term forecast)Hi Everyone this is an long term forecast which is an direction movement for the next 6 month of Bank Nifity. These forecast will be updated once every month. Thank You Coding Details ## L stand for long Term Trend ## LA stand for correction cycle of long term trend ## M stand for Medium Term Trend ## MA stand for correction cycle of Medium term trend ## s stand for Short Term Trend ## SA stand for correction cycle of short term trend ______________________________________________ ___________ Medium & Short Term Forecast # This forecast will be updated once a week and there will be an weekly analysis video for bank nifty.
NSE:BANKNIFTY
by Neowave-forecast
2
#BANKNIFTY BREAKDOWN 52500 STRONG LEVEL 18/07/2024BANKNIFTY shows consolidation in the previous session level at 52500 we all know that everyone supposes the market will crash at any time and BankNifty also shows the indication of a bearish move. The 23 July is the most important day for the F&O traders this is the day the budget is announced. Then we see the market sentiments where it goes either bullish or bearish. let's come to the point that the 52500 level is strong RESISTANCE. It is hazardous to say. if the market sustains at this level even after the budget is announced and shows some positive news or feed for the market. it's an indication that the market will crash by 20%-30% plus. L E V E L S:- Resistance- 52500 Support- 52000
NSE:BANKNIFTYShort
by TheGoldenRatio-6
Bank Nifty 11-03-2024 Analysis Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDL / Strong-support Sell - with rejection of PDL / Resistance See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to fallow... 1) Wait for conformation. 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 purpose and a helping hand to learn trading in 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 respective zone 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 comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY Intraday Trade Setup For 08 Feb 2024BANKNIFTY Intraday Trade Setup For 08 Feb 2024 Bullish-Above 46070 Invalid-Below 45960 T- 46710 47420 Bearish-Below 45520 Invalid-Above 45630 T- 44915 44350 BANKNIFTY has closed on a with a slight gain of 0.28% gain today. It was another complete sideways day making it 3rd consecutive complete non-directional day with absolutely dead momentum in intraday. Nothing triggered as per trade setup today. The possible reason of momentum being contracted seems to be historic after as it generally happens in the form of IV crash/ VIX crash after a big event. Tomorrow is RBI policy so it hopefully it triggers a directional move. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46070 then we will long for the target of 46710 and 47420. For selling we need a 15 Min candle close below 45520. T- 44915 and 44350. 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
Bank Nifty - 01/02/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 01/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45870 – 45897 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45900 Resistance-1: 46120 Support-2: 45677 Resistance-2: 46180 Support-3: 45518 Resistance-3: 46370 Support-4: 45200 Resistance-4: 46600 ____________________________________________ Happy Learning and Trading – TST5121 Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM 0.5 -> 0.5% Swing PDH -> Previous Day High PDL -> Previous Day Low PDC -> Previous Day Close PDO -> Previous Day Open PWH -> Previous Week High PWO -> Previous Week Open PWC -> Previous Week Close PWL -> Previous Week Low D_S -> Day Support D_R -> Day Resistance W_S -> Week Support W_R -> Week Resistance W_O -> Week Open W_C -> Week Close LW_O -> Last Week Open LW_C -> Last Week Close IMP -> Important R@1, R@2, R@3... -> Resistance-Zones S@1, S@2, S@3... -> Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)
NSE:BANKNIFTY
by SriTrader5121
Banknifty daily analysis for 22/08/23.Banknifty opened gap up and retested the trendline. The market has closed 150 points higher and remained in a upmove during the first half of the trading session. It has formed a perfect doji on the daily charts but is still not showing some conviction of holding higher levels. On the hourly charts, market gave a nice upmove and took resistance around 44100 levels and there was a sell off from the exact same levels. Banknifty has closed around the 20 ema and looks as it is taking some kind of a support from the level. In the second half of the session market slowly lost points and closed around the round figure number of 44000. On 15 minutes time frame, the market looked jittery as there was not a steady up or down move in the market. Market is still in a confusion state. Support :- 43930, 43740 Resistance :- 44090, 44320 Market test the resistance zone of 44100 levels many time and tomorrow if there is a break out chance of a nice trending market can be seen. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty weekly analysis for 14/08/23.Banknifty has started trading below the previous swing low and closed below it. Volume are getting low on the weekly charts and it is near to the 20 EMA, there are chance of market testing the moving average. On the daily charts, banknifty has formed a bearish candle and after retesting 50% levels it has started trading below the swing. There is a bearish trend in banknifty whereas nifty is still trading well above the previous swing. Both the indices are in different direction and once nifty also starts a sell off, banknifty will fall faster. On the hourly charts, there is a bearish moving averages cross over and market has closed below both the moving averages lossing 340 point on day close. On 15 minute time frame, too market has closed below the moving averages. There was a constant rejection from the 20 ema and a good bear market from opening was there. Support :- 44150, 44040-43960 Resistance :- 44310, 44400, 44560 The market is forming low lower low high formation and bullish trades should be avoided. Sell on rise is the market cycle and chance of big sell of can be seen as it has started trading below the previous swing low. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty daily analysis for 10/08/23.Banknifty tested lower levels but has closed in the same range as the previous 2 days. On the hourly charts, it has again closed between both the moving averages. It gained 200 points in the last hour signifying some bullish movement in coming days. Both buyer and seller took charge today. Seller where in control in the first half of the session but buyer pushed market back giving closed only 80 points lower. Dragon fly doji on the daily charts and closed near 44900 levels is something buyer where looking for. An inside candle has been formed on 4 hours charts. Watch for market to cross and start trading above today's high. Market gave an unpredictable move in the second half. Support :- 44580, 44310 Resistance :- 45090, 45280, 45500 The market has created a huge range in which it traded today. Avoid trading between today range. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty daily analysis for 09/08/23.Banknifty has been trading between 38.2% to 50% fibonacci level and remained volatile whole day. The market is taking serious resistance from 45k level and today also it tried to cross the level and reversed after hitting the resistance zone of 45100 level. On the hourly chart, banknifty remained between both the moving averages and gave dji after doji. Trend is still not decided for the short term and the long term too. This can be a retracement of the major trend or it can be a start of a short term bear market. Sideway market is killing option buyer as both option are losing theta value. On 15 minutes chart, 20 ema gave a nice support to the market and it has been tested constantly. If the market starts trading below it and breached the support levels of 44800, enter bearish trades as there are chance of hitting big targets. Support :-44800, 44625 Resistance :- 45100, 45500 44800-45100 range is a no trading zone as the market is volatile in this range and no clear trend is there between the levels. Option buyers avoid trading between this range but option seller can create short strangle. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty weekly analysis for 07/08/23.Banknifty in the last week has traded below the previous swing low and is taking resistance from 50% fibonacci levels. It has closed 590 points lower on the weekly charts. The market gave a nice fall in 2 trading session and in the last trading session tried to sustain above 45k level but couldn't. The market on the daily charts, is giving doji after doji and has closed around 44900 levels. Banknifty tried to sustain near the new high but seller overtook the buyer and brought market to test 44300 levels losing 1100 point in just two tradin session. On the daily chart, market had started trading below the 20 ema and has closed below it too. It has started forming lower low lower high formation and chance of testing lower levels is high. Market cycle is of sell on rise for the short term. Banknifty formed a nice bearish flag patter before and gave nice targets. On the hourly charts, market has formed a bearish moving averages cross over and has closed below both the moving averages. Support :- 44620, 44310 Resistance :- 45080, 45500 The lower low lower high formation can be followed by the market in the coming week. Watch to sell the market on high with confirmation. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Nifty weekly analysis for 07/08/23.After a halt candle, market has given a nice fall in this week and recovered some points after a gap up opening. Nifty has closed 130 points lower this week forming a dragon fly doji on the weekly chart. The market fell for 3 days and tested 19300 levels after making a high of 19800 this week. The market is creating a bull trend and this is a healthly retracement for another up move. On the daily charts, market is facing resistance from 20 ema which coincide with 50% fibonacci levels. Market is now making a lower low lower high formation. Bullish trades should be avoided until the price start trading above 19600 levels. For confirm bullish trades enter only when market crosses above the previous swing high. A 2 days fall and a halt after the gap up opening is quite good for the upcoming week. There are chance of market testing another low as sell on rise is the market cycle these days. On the hourly charts, it traded between both the moving averages and closed near the 20 ema. Nifty was volatile and remained in a 100 points range in the last trading session. Support :- 19420, 19300 Resistance :- 19550, 19730 Nifty too has formed a new ATH of around 20k and is trading around 19500 levels. The round figure levels can act as support or resistance. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Banknifty daily analysis for 04/08/23.Banknifty in 2 days have lost more than 1000 points and today has given a doji candle after testing 44300 levels. On the hourly charts, a bearish moving averages cross over has been formed. Banknifty has given a nice fall and can take halt for a day before giving a fall. Market now after 1000 points fall may take a halt or retest before another fall. On 15 minutes chart, there was a serious rejection from 20 ema and gave 600 point move after getting resistance from the levels. It has closed near the 20 ema. Support :- 44270, 43960 Resistance :- 44750, 45090 Today being a weekly expiry market reversed from 44300 levels and gave a up move of 230 points. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Bank Nifty future chart analysis for 02-08-2023Price again closed near median line , there is high chance that price will not move properly. but if goes down below 45618, then you may see a burst and a good downside move. Special level is 45673, below it price may go down much lower. if price goes above 45856, then it may easily reach to the level of 46007, 46007 is a super strong resistance , price may go down heavily from here. but if it crosses above 46007, and stay s above it for few minutes than you may see a new upmove.
NSE:BANKNIFTY1!
by stoxway