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Bankniftytradesetup

bankNifty analysis for 18th March 2024bank nifty is travelling inside a channel. 46300 to 46500 is a strong support level as marked on the chart. if this level is broken, bank nifty may go downside to the next support level marked on the chart. or, if it takes support to this level, it may go up to the next upper level marked on the chart Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
NSE:BANKNIFTY
by sudeeptalayek
#banknifty directions and levels for March 18th.Banknifty has a diagonal structure. So, if the market breaks the previous low, then the diagonal will continue further, and we can expect a minimum of 46197 to 45948. If it finds support there, then we can expect a minimum of 23 to 38% pullback wave. Alternatively, if the gap-down doesn't sustain and breaks the diagonal pattern, then we can expect a range market initially, and if it breaks 47034, then the pullback will continue further.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 18 Mar 2024BANKNIFTY Intraday Trade Setup For 18 Mar 2024 Bullish-Above 46810 Invalid-Below 46700 T- 47375 47855 Bearish-Below 46300 Invalid-Above 46410 T- 45750 45220 BANKNIFTY has closed on a bearish note last week with 2.6% cut last week. Index is at 50 EMA in daily TF. If at all index has to take support from this zone then we will wait for a bullish price structure atleast in hourly TF while it has to regain 47000 to gain bullishness. Below 46300 index may give a sharp downside as it hourly trendline support. 45660 is another big level for a larger slide. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46810 then we will long for the target of 47375 and 47855. For selling we need a 15 Min candle close below 46300. T- 45750 and 45220. 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
4
BANKNIFTY LEVELS AND ZONES 18-03-2024 ONWARDS 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 zones. 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
NSE:BANKNIFTY
by Trading_hawk
BANKNIFTY Prediction for tomorrow 18 Mar 24As we have discussed in our Video, BANKNIFTY was making HNS, whose target was 46470. that has been achieved. If we look at the chart now: The market is trading at the support trendline(1-H TF). Banknifty is also trading at 0.61 fib level, which might be crucial for banknifty to take support. Price is volume balanced, which indicates the market can make a move soon. If we look at the OI data: PCR = 0.72, which indicates a neutral behavior for the market. Bulls have written 46500 and bear heavily, which will be acting as max pain for now. On the upper side, 47000 is a good resistance that also coincides with 200 EMA. Looking at the FII Data, we can say the market might open a gap-down. I am expecting the market to be sideways for one day at least. After that, once it moves to the Green zone, it will turn bullish. unless it breaks to Bearish zone(RED ZONE) Reasons: The market is trading at the strong support trendline. 46350 - 46680 is a sideways range. If it breaks into the RED ZONE market, it might fall heavily, but the possibility of breaking down is less right now. PCR = 0.72 is neutral. 46500 is acting as MaxPain. 46500 is also working as good support. Whereas 47000 is working as good resistance. RSI ~ 50 shows the market is going to be sideways for the next trading day. VWAP ~ price shows that the price is volume balanced, which means the market will soon be ready to make a move in either direction. Verdict: Sideways Plan of Action: Sell 46500 PE and 46650 CE (hedge with 20/- option). Exit the leg once it breaks to either side.
NSE:BANKNIFTY
by finnova_
2
15 Mar ’24 — BankNifty might have to fall 400+ pts to go bearishBankNifty Analysis - Stance Neutral ➡️ BankNifty fell 195 points today ~ -0.42%, but that would end up not being sufficient to push it into Bear territory. We might need roughly 400+ points fall to slip into the bearish channel following which both N50 and BN will have the same direction. Over the last 2.5 months rarely did both the indices align in the same direction for at least 3 to 4 days consecutively. NiftyIT always interrupted a smooth directional buildup happening between these two indices and often confused N50 with false triggers. 4mts chart The lower high formation and the start of the 2nd leg are more beautiful on BN rather than N50. We expect the IV to go up once BN enters the bearish channel.45788 was the approximate level from which BN had 11 consecutive 63mts GREEN candles. A similar feat with the RED candles would be equally exciting to watch. Somehow the news about the stress tests, redemption pressure, and freeze of new lumpsum investments into small-cap funds, etc may have a spill over effect on the large caps as well. I am still not sure if the markets have priced in the “panic” factor. 63mts chart – Algo Trading Our algo trades ended today with a gain of Rs6927. The recovery from minus 25116 was indeed good to watch.
NSE:BANKNIFTY
by viswaram
Bank Nifty analysis for 15th march 2024The banknifty is travelling in a downward channel. also the possible support and resistances are marked in the chart. if it breaks the channel in upside direction, may be a bullish movement is possible. if it breaks the support of 46500 level, a bearish movement may happen. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
NSE:BANKNIFTY
by sudeeptalayek
BANKNIFTY Intraday Trade Setup For 15 Mar 2024BANKNIFTY Intraday Trade Setup For 15 Mar 2024 Bullish-Above 47250 Invalid- Below 47140 T- 48040 Bearish-Below 46550 Invalid-Above 46660 T- 45930 45360 BANKNIFTY has closed on a bearish note with 0.41% cut today. Index is at a decisive level, 50 EMA in daily TF. If it all it has to take support then 46550 should be safe and should make a bullish price structure. In hourly TF it has maintained a falling channel, breakout will confirm 50 EMA support. Below 46550 there can be panic selling. 46950 will be an important internal level. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47250 then we will long for the target of 48040. For selling we need a 15 Min candle close below 46550. T- 45930 and 45350. 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 15-03-2024 Analysis Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of Important / Support Sell - with rejection of Important / Side-ways-zone 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 14 Mar 2024BANKNIFTY Intraday Trade Setup For 14 Mar 2024 Bullish-Above 47250 Invalid-Below 47140 T- 47850 Bearish-Below 46840 Invalid-Above 46950 T- 46218 45640 BANKNIFTY has closed on a bearish note with 0.64% cut today. However BANKS were defending NIFTY or else NIFTY would have tanked much more resulting into pure panic selling. Sell triggered as per trade setup below 47180 and gave a move till 46850. Tomorrow 47250 will be important level for upside if broken. In case it 46840 is broken in the downside after flat opening then we can see good intraday fall towards 46210. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47250 then we will long for the target of 47855. For selling we need a 15 Min candle close below 46840. T- 46218 and 45640. 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
13 Mar ’24 — BankNifty stays cool today unlike N50 that broke 2.BankNifty Analysis - Stance Neutral ➡️ BN was calm as a cucumber, on one side the Nifty50 heavyweights were tanking but BN kept its cool. Usually, Banks are the first to react to any news related to “froth”, “valuation” etc. Mainly because the valuation, loan against shares, etc all depend on the underwriters and financial institutions that did the due diligence. When the markets are going up, nobody is really worried. But when the stocks start crashing, the valuations get impacted and people start getting margin calls. When this situation is combined with a contracting money supply - businesses could face restrictions in raising new capital. 4mts chart The only reason I can think of why the Banks did not fall today would be due to the expiry aspect. If that is the case, we should be seeing the FOMO effect in tomorrow’s morning session. Since BN held its ground, the algo trades all performed exceptionally well, and the heightened volatility improved the option selling margins. From the recent top of 48161, BN is falling, but yet to make a lower low or lower high. Unless the 2nd leg starts, we wouldn't know with clarity what it has in mind. To go bearish, we need to fall below 46176 another 800pts away. If both BN and N50 are facing the same direction - then we can expect the big boys to enter the shorting arena. If we are to get a relief rally or retracement, it should be driven by the banks - because they are still the strongest sub-sector in Nifty. 63mts chart – Algo Trading Our algo trades ended today with a gain of 14380.
NSE:BANKNIFTY
by viswaram
Bank Nifty 13-03-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDL / 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