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Bankniftytomorrow

#Banknifty"Trading day, April 5th: The global market indicates a negative start with a moderately bullish market nature. It may start with a neutral to slightly gap-down. After that, if the market breaks the minor support zone, we can expect a 38% Fib level, which is a major support zone. So, if the market rejects this level, we can anticipate a minor pullback that will likely retrace to at least 78% of the Fib level. On the other hand, if the initial market takes a sharp pullback, that's a sign of rally continuation. However, structurally, it might not go much higher."
NSE:BANKNIFTY
by Manickamtraders
Bank nifty intraday levels for 03.04.2023Resistance level:40777 Support level : 40427 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart. If candles are sustaining between resistance and support levels, consider as neutral. If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance. *** For quick scalping use 5-minute time frame***** Note: Pls check my previous day ideas for back testing & better understanding Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:BANKNIFTY
by AATHIE
Banknifty - Prediction & Intraday Levels for - 03 Apr 2023Bank Nifty also looks Short Term Bullish Tomorrow likely to open Flat or Small Gap up, if any pull back to 40493 we can go long, if sustains above 40690 and closes above 40889 then Target 1 will be tested. We have Strong supply zone at 41110 where it will consolidate if BULLISH momentum continues. On the other hand, if any weakness and closes below 40328 Banknifty might fill the gap and 40050 Target 1 on the lower side will be tested.
NSE:BANKNIFTYLong
by ViVenTraders
FASP levels for Bank Nifty 31/03/2023The FASP for BankNifty is listed for 31-03-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
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
FASP levels for Bank Nifty 23/02/2023The FASP for BankNifty is listed for 23-03-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTYShort
by SathishChandrasekaran
#Banknifty"Trading day, March 20th: The global market indicates a negative start, with a moderately bullish nature that may begin with a gap-down. If the market immediately takes a pullback, we can expect minor consolidation before the rally continues, and it should break the Fib level of 38%. On the other hand,. On the other hand, if the initial market declines sharply, we can expect a minor correction that will reach an immediate support level. If the market rejects this level, we can expect a pullback. However, if the market breaks that level, it could indicate a trend reversal."
NSE:BANKNIFTYLong
by Manickamtraders
PostMortem on BankNifty Today & Analysis of 17 Mar 2023The trades till 14.20 was kind of predictable, but the last 1 hour was really special. NSE:BANKNIFTY got wings ! The open was gap up at 39442 and then we started dropping gradually. At around 10.00 i posted "$BANKNIFTY PE premiums are unusually high ! either traders expecting huge downside today or maybe its good time for PE credit spread" in the bank nifty minds. Looking at the PE premiums i felt the market was preparing for the down move and rightly it moved down 1.7% ~ 673pts from the high of the day till 13.00. The PE premiums elevated further from 10.00 giving the confidence that markets are falling. Remember in yesterday's report i was quite surprised with the moves from 12.35 to close? - read here. Today's first 4 hours were spent in undoing those moves. Most likely it would have been the positions that were taken yesterday to stabilize the expiry that got unwound today. The segment highlighted in cyan color is the build up & the unwinding that would have happened. But just looking at the option data, i felt we may not break down further, i posted at 13.25 that "$BANKNIFTY CE credit spreads are not getting written aggressively so i prefer not to short this market until the smart money moves in" The logic being traders who feel the markets will go lower will start writing ATM calls, the surge in volumes & proportional change in premium pricing will give clues if the momentum is building. Well there were no clues as such & i avoided going short even though i was preparing if we neared the 38690 level. Luckily i escaped a stop loss hit if i had gone short. The moves from 14.30 to close were too difficult to comprehend. All the major banks rose with solid gains in volumes showing a trend. NSE:BANKNIFTY rose 1.87% ~ 727pts to close the day strong. The news of HDFC-HDFCBK merger may have aided the strong momentum.
NSE:BANKNIFTY
by viswaram
FASP levels for Bank Nifty 17/03/2023The FASP for BankNifty is listed for 17-03-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTYShort
by SathishChandrasekaran