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Bankniftyshort

21st Nov ’23 BankNifty PostMortem - Stance changed to Neutral !BankNifty Analysis BankNifty was perfectly neutral in trade today. I had a bearish call from yesterday but seeing the moves today it makes sense to switch back to the neutral mode. One reason why its not picking up direction would be attributed to the unavailability of information on the recent announcement by RBI. When the risk weights of consumer loans and credit cards were increased by 25% - maybe the market is still gauging the impact of this news. 5mts chart link - click here Few major banks had reported the decision would be similar to a 55bps to 60bps rate in interest. Note, the interest rates are not getting raised, the sucking of liquidity will give such a perception. According to me, a 55bps rate hike kind of feeling is not something that should be taken lightly. Meanwhile as a trader, I would prefer to wait for the markets to decide on where it goes next. 1hr chart link - click here On the 1hr TF, BankNifty has fallen from the recent swing high of 44420, it had amassed gains of 2321pts ~ 5.51% between 26th Oct to 16th Nov (A short span), so it looks like the bulls have not given up yet, and the bears are still not able to make inroads. The support of 43566 has proven quite strong in the last 3 sessions and the next resistance of 44063 is quite far away. Since we are in an indecision zone, I would like to revise my stance from bearish to neutral and go short only if the 43404 support is also getting knocked out.
NSE:BANKNIFTY
by viswaram
banknifty sell As today market trapped sellers & and ended at previous day close So, there's no lquidity as sellers got out before market can take there money As market ends in a consolidation means there's not enogh money to go up or down Best probabily is market will open high tomorrow to trap buyers and gain their lequidity to come down and then take major seller money to start the bull market But market does't have much time to do above thing So, a bear market where market will take majority of sellers lquidity sounds probeble If anyone need nifty50 psychological analysis (price in the chart look on your own) comment below
NSE:BANKNIFTYShort
by samantamonojit98
Banknifty daily analysis for 30/08/23.Banknifty is constantly struggling to clear the 20 ema and today also after a gap up opening it has closed near to the moving average. The market is not going in a flow and is creating volatility. Option seller are making profits while option buyer are not getting much opportunity. On the hourly charts, it has closed between both the moving averages and has taking support from 20 ema. Trades will be there once the trend is decided in the markets. On 15 minutes chart, market has closed between both the moving averages and is close to the 20 ema. There are sellers around 44600 levels which pushing market down. Banknifty is still holding the levels of 44500 and has closed flat. Support :- 44480, 44350, 44180 Resistance :- 44580, 44700 Support and resistance are nearby that will not give a good R:R ratio for option buyers. Trades should be initiated once the market clear the range of 44350-44700. In between there will be a volatile market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
BankNifty completes rising wedge pattern next week ?Hi All, Hope all are doing great. Here’s my 1D timeframe analysis. As we can see in the chart from 14-Dec-2022 to 6-Apr-2023 around 113 days there was a good falling channel pattern. It broke and achieved twice the target. The next 113 days from the previous breakout is forming beautiful rising wedge pattern. As per the pattern nature it might break below to the given support level 43659. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
NSE:BANKNIFTYShort
by tmvinoth3
BANKNIFTY 16th june tradeHello traders Hope you guys have made great profit today after breaking my level of 44050 for the target of 43750 and 43550 which is achieved today in expiry. If you see the post that are posted yesterday you will learn and earn great in share market. For now buying level will activate after crossing 43550 level and sustain above for some time then go for 43750 level again. but if it not crossed and make some bearish candle go for sell. For selling we can see the level of 43070 level which is market in chart and again i am telling you guys trade with only that much quantity which you can handle and not attached emotionally with it or you will be exit in 1-5 rupees and taking losses beyond your limit which is just a gambling. Hope you understand this market and learn something from it. Thanks
NSE:BANKNIFTYShort
by Green_Red_Blood
PostMortem on BankNifty Today & Analysis of 28 Mar 2023March series is coming to a close tomorrow, but the options premium is already dead. Only few strikes near the money has some more premiums to shed, all the other OTMs are well below the average rates to what we usually see on the penultimate day of expiry. It also translates into very little movement expected tomorrow. Well today was an inside day - we did not even swing as much as yesterday. Yesterday was another range bound day too. So consecutive range bound days has taken the air off the PE & CE options. NSE:BANKNIFTY opened at 39545 gap up to yesterday's close but almost half-way to the last hour swing of yesterday. And then we started trading with no special emotion today. We were stuck in a range of 39340 to 39560 till 15.20. There was one candle at 15.25 that just broke out of this range - but again not something that important too. One of the reason of a flattish trade would be attributed to the NSE:CNXFINANCE expiry which is generating a lot of volumes now. The stock manipulations required to keep the Finnifty index range bound is active.  The only reason i haven't pursued trading on NSE:CNXFINANCE despite its similarity with banknifty was because of the HDFC-HDFCBK merger event. HDFC is the main contributor to Finnifty's weight outside of the 5 main bank thats supporting banknifty. After the merger, both the index will have 85 to 90% correlation, the only difference being the scale to which its set to.  --- Tomorrow's expiry may only become interesting if we have any news event in US or Europe markets today. Otherwise we are quite starting at a boring range bound trade tomorrow. --- The range bound trade continues in the 15mts TF. At present we do not have a directional bias until one of the support or resistance gets broken. --- 1hr TF has not lost its bearish bias yet, according to me the next leg of lower low is in the making and probably its taking some time. --- On NSE:BANKNIFTY minds i made 2 posts today "$BANKNIFTY need some triggers or news flow to break the range trade at present non-directional trade seems like working" at 10.10 and  "$BANKNIFTY option premiums are all dead ! not even a fake move today to fire up the premiums Finnifty is making an impact over last 4 expiries" at 13.59
NSE:BANKNIFTY
by viswaram