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Bankniftytomorrow

FASP levels for Bank Nifty 21/02/2023The FASP for Bank Nifty is listed for 21-02-2023. 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
Banknifty spot chart Analysis for 20.02.2023Banknifty standing just below a strong resistance zone of 41062 to 41256. if banknifty crosses above 41256 then it may also cross above 41421 and may reach to the level of 41579. between 41579 to 41733 is also an extremely strong resistance zone . If Bank Nifty crosses over 41733 then it may reach to the level of 41887. if banknifty crosses down below 41062 then it may also cross 40878 and may reach to the level of 40717. if banknifty crosses down below 40717 then it may also cross 40564 and will reach to the level of 40442. If banknifty crosses down 40442 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 42041 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
PostMortem on BankNifty Today & Analysis of 17 FEB 2023So today's price action confirms the move that we had yesterday was not fake. How many traders & investors would have been trapped on the long side when the 41629 resistance broke out? The prevailing trend was bearish, but when an important resistance gave away, it would have prompted lot of buyers into action. And once they deployed their funds we got the reversal. The dip could even be short term, may be it will negate in the coming week itself - but imagine the amount of money you would have lost over the last 2 days? Today's move in NSE:BANKNIFTY was nothing dramatic, agree that many would call it unexpected. But for analysts who have been following the series of events after the meltdown in Adani stocks - this should have been a not so difficult picking. Open was gap down at 41514 and the first 2 candles were in red - already doing the damage in opening 10mts. This set the trend rolling, we had a single leg of consistent fall of 1.57% ~ 652pts till 13.40.  The selling stopped near the 1st support level of 40868 and we also had a brief pull back of 0.65% ~ 267pts from 13.45 to 15.10.  This pull back ensured that the total fall of NSE:BANKNIFTY was only 1.2% ~ 499pts which is not so bad either. But there are some interesting things that happened The spike in volume of CE options traded, showing intense writing. The volumes spiked just after NSE:BANKNIFTY made the pull back ensuring the option sellers got good premiums too. The drop in options premium on the PE side after 14.50 aiding the view that the dip may not have further deep legs. If today's fall was that dramatic then the PE options should have retained their higher premiums. It can also be true that the premiums could spike on monday or tuesday if we have continuation pattern. And most of you would have seen the % spikes PE premiums hit. --- 15mts TF has negated the small bullish view that it had on 15th. From there we had 1 support break & retest of the 2nd support level. --- 1hr TF may be showing the range widening possibilities in the coming weeks. This could be because the selling came in only when NSE:BANKNIFTY went over the resistance - a common phenomenon associated when sellers are in control.
NSE:BANKNIFTY
by viswaram
FASP levels for Bank Nifty 17/02/2023The FASP for Bank Nifty is listed for 17-02-2023. 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 - View & Intraday Levels for - 17 Feb 2023Banknifty View and Support & Resistance Levels for Tomorrow.. Expectation : Mod. BULLISH but Sentiment has changed to Negative. If sustains above, 41800 we can see good move on the higher side and target would be 42000 Incase of rejection at 41711 we can see lower levels, 41600 Support zone will hold good. if 41600 supply zone compromised next support is 41500. Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:BANKNIFTYShort
by ViVenTraders
PostMortem on BankNifty Today & Analysis of 15 FEB 2023We had that resistance breakout today, a much awaited 41624 break. This makes the coming days exciting - most importantly tomorrow's expiry NSE:BANKNIFTY opened inline at 41674 and made a series of red candles till 09.40, a fall of 0.52% and crucial 41624 SR rejection. From there it made steady gains to take out the SR at 11.20 but only to fail in the next candle. A rise of 0.53% - which means a symmetrical recovery back to the opening levels. From here NSE:BANKNIFTY made a gradual fall till 14.25 ~ 0.55% - this again took NSE:BANKNIFTY back to the LOD. So by now we have had 3 moves in the 0.52–0.55% range by 14.25 What happened after 14.30 was almost magical, i seriously did not think we will take out the 41624 resistance level today also as 5 prior attempts had already failed. But NSE:BANKNIFTY made some stellar vertical like moves aided by ICICI, SBI, Axis & HDFCbk. Final close was well above the SR zone so we can almost confirm the range breakout. Also interestingly there were fresh short writings at PE mostly as positional trade for expiry tomorrow. The surge in volumes in the last 15mts is proof for this. So i assume the sentiment has shifted from negative to neutral yesterday & then to positive by today. Do note that i still have the 41000/40900 debit ratio spread which is currently at loss. --- 15mts TF is confirming the range break and the minor sentiment shift to the bullish side. We have one more resistance to overcome, thats where the brutal selling started. --- 1hr TF, we can now stay away from bearish bets temporarily or atleast till the first support is not broken. Also note the 1hr is not showing bullishness yet - we need a break above the swing high for bullish momentum.  Here we have contradicting signals from the 15mts vs 1hr TF. 15mts saying no more bearishness & 1hr saying not bullish. Ideally its not a bad idea to wait before taking aggressive trades ! --- Among the bank nifty components NSE:HDFCBANK was drifting into the red when the last 1 hr momentum reversed it. NSE:ICICIBANK gains are quite obvious from the chart here, 3 consecutive green candles that powered up the NSE:BANKNIFTY today in last 1 hr NSE:SBIN was able to get out of red with the last 1 hr momentum NSE:AXISBANK also managed to reduce its losses in the same period. NSE:KOTAKBANK was already surging ahead, the last 1hr gave it leg 2 of rally NSE:INDUSINDBK did not participate in the broad based momentum that really helped the other 5 banks in last hour. 8 charts available in today's report at viswaram .com
NSE:BANKNIFTY
by viswaram
FASP levels for Bank Nifty 15/02/2023The FASP for Bank Nifty is listed for 15-02-2023. 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
FASP levels for Bank Nifty 06/02/2023The FASP for BankNifty is listed for 06-02-2023 . 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:NIFTY
by SathishChandrasekaran
Banknifty spot chart Analysis for 30.01.2023Banknifty is standing just above a good support of 40276. if banknifty moves up from here then it may reach to the level of 40442. between 40442 to 40562 is an extremely strong resistance zone , banknifty may go down from here. if Banknifty crosses over 40564 the it may easily cross 40717 and may reach to the level of 40878. if banknifty crosses over 40878 then it may reach to the level of 41062. if banknifty crosses down 40276 than it may take support on 40120. if banknifty crosses down 40120 then it may also cross 39954 and may take support on 39798, 39798 is an extremely good support it may take a good up move from here. if banknifty crosses down 39798 the it may take bounce back from bounce back zone. IT IS HIGHLY UNLIKELY THAT BANKNIFTY WILL CROSS 41062. AND REACH THE HIGHER LEVELS TOMORROW.....
NSE:BANKNIFTY
by stoxway
Banknifty spot chart Analysis for 16.01.2023Banknifty standing just above a strong support of 42349. if banknifty moves above 42349 then it may reach 42508 . between 42508 to 42671 is also an extremely strong resistance zone . If Bank Nifty crosses over 42671 then it may also cross 42814 and may reach to the level of 42966. if banknifty moves down below where it left off then it may also cross 42191 and may reach to the level of 42041. if banknifty crosses below 42041 then it may also cross 41887 and may reach to the level of 41733. If banknifty crosses down 41733 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 43113 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
Simple Trade Setup | BANKNIFTY | 06-01-2023 [INTRADAY]NSE:BANKNIFTY Trade Setup for 06-01-2023 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
Banknifty - View & Intraday Levels for - 05 Jan 2023Banknifty View and Support & Resistance Levels for Tomorrow.. Expectation : BEARISH / Negative Sentiment - Flat / Small Gap up Open from Close and BEARISH Reversal from CPR 43132. Currently Nifty is trading below monthly CPR and there was strong rejection today which indicates the BEARISH move in the upcoming days. But Banknifty is trying to hold above monthly CPR, if incase 42900 is taken out on the lower side we can expect Down fall and probably 42400 will be the next support zone Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support. For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:BANKNIFTYShort
by ViVenTraders
Banknifty - View & Intraday Levels for - 04 Jan 2023Banknifty View and Support & Resistance Levels for Tomorrow.. Expectation : Moderately BULLISH / Positive Sentiment - Flat Open and BULLISH Continuation from CPR. Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support. For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:BANKNIFTYLong
by ViVenTraders
Banknifty spot chart Analysis for 29.12.2022Banknifty standing inside a strong resistance zone of 42814 to 42966. if banknifty crosses above 42966 then it may also cross 43313 and may reach to the level of 43266. between 43266 to 43418 is also an extremely strong resistance zone . If Bank Nifty crosses over 43418 then it may also cross 43571 and may reach to the level of 43713. if banknifty crosses down below 42814 then it may also cross 42671 and may reach to the level of 42508. if banknifty crosses below 42508 then it may also cross 42349 and may reach to the level of 42191. If banknifty crosses down 42191 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 43713 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway