BANK NIFTY ANALYSIS FOR 20 OCTOBER 2022Hope my levels helped you a lot on 19 October 2022
Did you see how beautifully all the zones and levels worked intraday, Kindly keep following them for best R:R
BNF strong above 40650 and weak below 40140, anything between it is just a consolidation, dont take agressive trades in the consolidation area.
Bankniftypriceaction
BANK NIFTY - 15 min chart - 29.08.2022 - BAHAVAN CAPITALBANK NIFTY as per my previous post for 26.08.2022 mentioned that there had been no aggressive buy or sell by both FII and DII.
Similarly today was an highly volatile day where from 12.15 to 3.30 pm there had been no big movement on the either side.
FII Net Selling was at 51.12 Crores and DII Net Buying was at 453.59 Crores.
Being mostly a sideways day on 26.08.2022 we should witness some better movement any one of the side by Monday.
Above 39276 then Resistance at 39371 / 39407 / 39464 / 39605.
Below 38752 then Support at 38635 / 38555 / 38506 / 38470 / 38379 / 38273 / 38208 / 38113 / 38029 / 37795.
Nasdaq Composite and Dow Jones Index had a good Fall today (26.08.22) and there could be a similar impact on Nifty and Bank Nifty too.
However lets see where market opens.
Happy Weekend to All........
BANKNIFTY 29 AUGUST 2022Guys today onwards i will be posting charts of SPOT instead of FUTURES. As maximum of my followers are demanding it to plot the zones and levels on SPOT, which makes them easy to trade all instruments, as due to Cost of Carry difference between SPOT & FUTURES, they are unable to follow the level on charts.
BANK NIFTY - 15 MIN CHART -26.08.2022 - BAHAVAN CAPITALBANK NIFTY as per 15 Min chart Below Follows my observation
Though it was a good sell from 2.00 pm onwards from 39437 to 38848.
As far as FII Net Buying was at 369.06 Crores and DII Net Selling was at 334.31.
So there was no big buying or selling even though there was a good sell off.
Above 38945 then Resistance at 39022 / 39112 / 39217 / 39276 / 39346 / 39393.
Below 38800 then Support at 38726 / 38642 / 38559 / 38404 / 38221.
Friday being a Profit booking day for most. Volatility may continue.
Happy Profitable Trading to All...
BANK NIFTY - PRICE ACTION - 25.08.2022 - BAHAVAN CAPITALBANK NIFTY had posted previously for 25.08.2022.
Above 39187 and Resistance at 39298/39398/39442.
Today we can witness market weakness which i had mentioned too for 25.08.2022. And the levels are broken it had taken support of each trend line for the next fall.
For 26.08.2022 will post you price action chart.
And i believe the Bank nifty charts which iam posting had been use full for you all..
BANKNIFTY FUTURES 11 AUGUST 2022Bank Nifty opened below my zone and remained whole day between my two zones and ended finally under the zone which it opened. it is still in the channel.
I hope for small correction yet before bank nifty gives a big up side break out. Keep trading around the zones and levels.
BANKNIFTY FUTURES 10 August 2022BNF started from the uptrending channel and stopped exaclty in the zone just near the trendline level given, consolidated there and broke after 90 minutes to form a new high.
BNF has given a good closing above previous 124 days high.
It has strong resistace above and nees good momentum to break them, which it is already gathering by consolidating on my zones, each time it approaches.
Respect the levels and zones before you trade, it will result in a good risk reward ratio in your trades. Note one observation, it is continuously moving in an up trending channel since many days.
Best of Luck.
BANKNIFTY FUTURES 08 AUGUST 2022Today 05 August 2022, Bank Nifty started from just below the channel crossed it went to the zone of 38270-38132, got rejected from there, broke back the channel and ended below it.
Simplly the Power of Zones, hope you loved it.
No Major changes for 08 August 2022, Monday, Just the shift of 2 zones and channel.
Keep ur money and risk management in control and trade the zones for flawless results.
Important levels 38270 - 37850 - 37288 to break for any side fast movement.
BEST OF LUCK.
BANKNIFTY FUTURES 01 JULY 2022Bank Nifty has already slowed down its momentum as compared to Nifty as there a lot of supply zones above. It will remain slower than Nifty if it continues upper trend yet. Some day may be an exception.
See how BNF respects my zones and levels, hence please take the help of my zones and levels to trade and take SL and TP.
Best of Luck.