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Bankniftytradesetup

BANKNIFTY MATHEMATICAL LEVELS FOR CURRENT EXPIRYThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by YASHSINCE1995
Bullish Breakout of On-Neck Pattern in F&O Stock on WTFA Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:IOC MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
NSE:BANKBARODALong
by raigvivek
Banknifty prediction for tomorrow 1 March 24As we discussed yesterday, bank nifty took support at 45600 and then moved back to the bullish side with huge volatility. If we look at the chart data: The market is trading below the 200 EMA-(30-min TF). which may provide a good resistance at this point. 45700 has proven to be a good support zone. RSI still needs more strength to get a good bullish momentum. If we look at the OI data: PCR = 0.82, which shows the market's bullish sentiments. 46000 is going to be MAXPAIN. There is good resistance to CE shorting at each upper level. However, there is not much OI build-up on the lower side. I am expecting the market to take a bearish momentum till 45700, and then it will take support and pull back stronger. Reasons: 200 EMA > Price > EMA(13), which shows the market has bullish sentiment but not enough strength to make a good bullish move. (sideways) 200 EMA is going to provide good resistance at this level for now. (sideways) RSI is in the range of 40-60, which is mostly sideways. (sideways) The last two candles show a heavy fight between bulls and bearish. (sideways) Price >= VWAP, which shows that price is balanced with volume. (Bullish) PCR = 0.82, which shows the market's bullish sentiments Verdict: Sideways Plan of action: Make a bull position once the market takes support at 45700.
NSE:BANKNIFTY
by finnova_
29 Feb ’24 BankNifty still looks bearish until the resistance...BankNifty Analysis - Stance Bearish ⬇️ BankNifty ended the day in GREEN, up 157pts, but we are still bearish as the resistance line was not taken out (bearish trend line). Also, we are in the bearish channel, the longer we stay in it - the stronger the BEARS grows. 3 candles between 09.59 to 10.07 gave away 498pts ~ 1.08%. And we really thought, it could be the beginning of a longer bear attack. Well, our short call for today did not work out as planned - we were able to cover up some losses as the expiry trades gave outsized premiums due to a spike in IV. The last 30 minutes added 394pts ~ 0.86pts. 4mts chart A part of the spike in volume could be attributed to the monthly rebalancing. That also means a portion of the price action could be manipulated as well. We will get to know in detail during the opening hours tomorrow. We wish to maintain the bearish stance as long as the sloping blue resistance is not taken out. To go bullish, BN has to rally all the way up above the double-top pattern. 63mts chart Algo Trading Due to the monthly expiry, I did not have spare funds to deploy for Algo trades, instead, I put them on the forward test mode. It showed a profit of 19858 I am a registered financial advisor & would be happy to be of assistance to you. DM me for more details.
NSE:BANKNIFTYShort
by viswaram
FASP levels for Bank Nifty 01/03/2024The FASP for BankNifty is listed for 01-03-2024. 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 Intraday Trade Setup For 1 Mar 2024BANKNIFTY Intraday Trade Setup For 1 Mar 2024 Bullish-Above 46350 Invalid-Below 46240 T- 46900 47425 Bearish-Below 45650 Invalid-Above 45760 T- 45000 44400 BANKNIFTY has closed on a slight bullish note with 0.34% gain today. It as the worst price action day in intraday. Most of the moves were random to decay premiums from both sides. The daily candle does not cater a strong sentiment. The plotted trendline can be a potential hurdle. After a pullback from this trendline we we get a breakout above 46350 then we will consider bullish trade. Below 45650 it can test round level 45k. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46350 then we will long for the target of 46900 and 47425. For selling we need a 15 Min candle close below 45650. T- 45000 and 44400. 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
#Banknifty directions and levels for FEB 29thBank Nifty also has the same sentiment. Structurally, it could fall a little bit, so if the gap-up doesn't sustain, then we can expect a correction that will reach the Fibonacci level of 61% (45675). After that, if it finds support around there, we can expect a minimum of a 23 to 38% pullback wave. However, if it breaks it, then the correction will likely continue. Alternatively, if the gap-up sustains, then we could expect a range market initially. After that, if it breaks the supply zone, then the rally might continue. On the other hand, if it breaks the previous low, then the correction will continue further
NSE:BANKNIFTY
by Manickamtraders
FASP levels for Bank Nifty 29/02/2024The FASP for BankNifty is listed for 29-02-2024. 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 prediction for tomorrow 29 Feb 24Let's discuss the BANKNIFTY prediction for tomorrow, as today was expiry, and it gave a nice fall. If we look at the chart data: The market is making a flag and pole pattern. Right now, it's in the Flag process, taking support at the lower trendline. 45600 seems to be the next good support point. If we look at the OI data: PCR = 0.60 shows the bearish market structure. Where 46000 is MAXPAIN. There are multiple resistances to the upside. But there is very little support on the lower side except 45500. All important levels have been marked at chart. If we look at the FII & DII data, it directly indicates a bearish market structure where pros have heavily shorted options. Now, there are two cases at this point. Case 1: The market can take support at this support line. And move to the bull side. Case 2: If the market is broken to the downside, the next support point is at 45573. Reasons: Price < EMAs, which shows bearish market structure. RSI < 40 shows weak bulls strength. OI data PCR = 0.60 shows heavy bearish. Making flag and pole pattern, which might lead to bullish momentum from the point at the trendline. Verdict: Bearish Plan of Action: Case 1: If the market takes support at the trendline. --> SELL 46000 PE (Hedge it with 20 rs PE) Case 2: If the market breaks the downside --> Wait for it to make price action at 45573. If there is any doubt pls comment I will be happy to clearify.
NSE:BANKNIFTYShort
by finnova_
Monthly Expiry Special : Nifty & Bank Nifty on 29 Feb 2024In this video, we'll discuss about Today's Market Movement and Monthly Expiry Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTY
by TheStockMantra
Banknifty intraday levels for monthly expiry 29/02/24.Banknifty has given a nice bearish move today and closed around the day's low. The market was trading in a range for last two trading session and gave a good momentum after a break down. There is a bearish sentiment as the market has closed below both the moving averages on the hourly charts. Tomorrow is monthly expiry for the indices and if there is another bearish move tomorrow, a nice trending move can be seen. Major resistance levels :- 46270, 46730 A volatile market was there in the second half of the trading session. If there is a gap up or flat opening, wait for the break down and enter the bearish move only after the support zone is breached. Major support levels :- 45910, 45700 Reversal can be seen near 45700 level as there is a golden fibonacci levels. Banknifty has closed below the 20 ema on the daily charts. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
FASP levels for Bank Nifty 28/02/2024The FASP for BankNifty is listed for 28-02-2024. 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
27 Feb ’24 — Banks are still neutral, but in the Bearish ChannelBankNifty Analysis - Stance Neutral ➡️ BankNifty is still managing to stay below the bearish trend top line and that means we are in the bearish channel as of now. You might wonder if we are in the bearish channel - why is our stance still neutral? The answer is that, even though we have entered the bearish channel, BN has not shown any signs of breakdown. We are still knocking the resistance level and trying to keep up with Nift50’s direction. 4mts chart Over the last 2 months, most of my directional bets have gone awkwardly wrong. On investigation, I came to know that it is because of NiftyIT. The level of uncertainty and the swing range of IT stocks are really taking a toll on the stability of Nifty50. Either we need to have FnO enabled on NiftyIT so that we can hedge and tide over the problems it is causing or the Banks have to take charge and cast them out. 63mts chart On the higher timeframe, BN is still following the double-top pattern with the trades being conducted in the bearish channel. To go bullish, BN has to reclaim the 47465 resistance whereas to go bearish all it has to do is just fall another 650 to 700 points. We wish to look out of neutral trades till the directional clues emerge. Algo Trading Our algo trades ended today with a gain of 17460. We closed the trades prematurely as 85% of the day’s target was hit within 11.29 and did not want to risk the lead.
NSE:BANKNIFTY
by viswaram
BANKNIFTY Intraday Trade Setup For 28 Feb 2024BANKNIFTY Intraday Trade Setup For 28 Feb 2024 Bullish- Above 46740 Invalid-Below 46630 T- 47250 47830 Bearish-Below 46310 Invalid-Above 46420 T- 45800 45310 BANKNIFTY has closed on an absolute flat note today. The neck-point of the breakout in daily TF is 46300 which was defended today. The plotted trendline breakout will lead index to a higher high formation. Above 46730 there will be a good upside move. Below 46300 index will give a sharp fall towards 45550 zone. High probability trade looks in the upside as is on verge of breakout of the falling parallel channel. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 46730 then we will long for the target of 47250 and 47830. For selling we need a 15 Min candle close below 46310. T- 45800 and 45310. 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
Nifty & Bank Nifty Analysis For 28 Feb 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTYShort
by TheStockMantra
2
#Banknifty directions and levels for FEB 27thBanknifty has undergone consolidation in the last session. If today's gap-up sustains, then we can expect 47089, which is a triangle resistance level (78%). If it rejects there, then the range market will continue for another one or two days. Alternatively, if it breaks, then we can expect a rally continuation in the upcoming trading session. Alternatively, if the gap-up doesn't sustain and breaks the previous day's low, then we can expect a correction that will reach a minimum of the demand zone at 46320. After that, if it finds support there, then we can expect a minor pullback. However, if it breaks that level, then the correction will likely continue.
NSE:BANKNIFTY
by Manickamtraders
26 Feb ’24 — Banks showing some weakness, below the bearish lineBankNifty Analysis - Stance Neutral ➡️ BankNifty on the other hand was looking weaker. Technically BN only lost 0.5% vs Nifty 0.41% - but the price action & visual impact showed the Banks ceding their bullish control. If you look at the sloping bearish trend line, we opened below that went up for a brief time and then fell back below water. We rejected the resistance twice today showing some signs of the steam cooling off. 4mts chart On the higher timeframe, we have not yet broken away from the bearish resistance line. But the double top formation also leaves a visual clue. If the bulls had more control of the situation, they should have knocked out the 47465 resistance by now. It all depends on how BN will trade tomorrow and Wednesday. This time around, the torch bearer for Nifty50’s directional trend was all NiftyIT. BankNifty was the laggard and with 37% of weightage, it is quite impossible to rule out the strength of the banks. The first thing we would like to do tomorrow is to find some non-directional trades if BN stays in the bearish channel. To go bullish, BN will have to take out the peak of the double top formation i.e. 47250+ levels. 63mts chart Algo Trading Our algo trades ended today with a gain of Rs19367 today, we manually squared off the trades by 14.45 to protect the profits.
NSE:BANKNIFTY
by viswaram
BANKNIFTY Intraday Trade Setup For 27 Feb 2024BANKNIFTY Intraday Trade Setup For 27 Feb 2024 Bullish-Above 46900 Invalid-Below 46790 T- 47425 48025 Bearish-Below 46500 Invalid-Above 46610 T- 45990 45470 BANKNIFTY has closed on a bearish note with 0.5% cut today. Sell triggered as per trade setup below 46720 and gave a move till 46520, however targets were pending. Looking at last 3 daily candles if index makes the 4rth candle a green then only possibility of a bullish move is there. 46900 and 46500 are important intraday levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46900 then we will long for the target of 47425 and 48025. For selling we need a 15 Min candle close below 46500. T- 45990 and 45470. 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