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FASP levels for Bank Nifty 13/02/2024The FASP for BankNifty is listed for 13-02-2024. 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
Bank Nifty - 13/02/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 13/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45330 – 45350 Important Support and Resistance for the Day... Support - Resistance - Support-1: 44630 Resistance-1: 44995 Support-2: 44545 Resistance-2: 45330 Support-3: 44444 Resistance-3: 45610 Support-4: 44280 Resistance-4: 45750 ____________________________________________ Happy Learning and Trading – TST5121 Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. 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. SHORT FORM &FULL FORM 20 -> 20 EMA in Day R@1, R@2, R@3... -> Resistance-Zones S@1, S@2, S@3... -> Support-Zones IMP -> Important PDH -> Previous Day High PDL -> Previous Day Low PDC -> Previous Day Close PDO -> Previous Day Open PWH -> Previous Week High PWO -> Previous Week Open PWC -> Previous Week Close PWL -> Previous Week Low D_S -> Day Support D_R -> Day Resistance W_S -> Week Support W_R -> Week Resistance W_O -> Week Open W_C -> Week Close LW_O -> Last Week Open LW_C -> Last Week Close MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)
NSE:BANKNIFTY
by SriTrader5121
Banknifty weekly expiry analysis for 07/02/24.Banknifty is consolidating in a range for last two trading session and chances are of a trending market on the expiry. Vix is trading around 15, if it increases there will be another sideways market, else there can be a trend market if the Vix cools off. Still, it is taking rejection from the 20 ema on the hourly charts, even the closing is below it. In case of a gap down opening, bearish trend can be capture upto the support zone. If there is a gap up opening, there will be confusion in the market and the expiry may remain silent. Major bearish targets :- 45300, 4500 Enter the bearish move only when the market sustains below 45560 and shows some negative price action. It has been respecting a trend line and taking rejection from it. Bullish entries should be avoided until markets start trading above 46500 level. Resistance :- 46040, 46550 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty Prediction for tomorrow 6th Feb 24As we discussed yesterday, the market went sideways, and after 2 PM, bearish momentum started. If we look at the chart data: Prices have broken to the downside and have consolidated nicely today. It might touch the target marked on the chart. It has also broken 200 EMA to the downside. EMA has given an EMACrossover(13, 200), which shows the market has turned bearish. If we look at the OI data: PCR = 0.64 shows the market has a bearish sentiment. 45800 is MAXPain; also, 46000 has huge CE writing, which will provide a nice resistance to the upside. I am expecting the market to fall more till the target is marked in the chart. Reasons The market has already given a breakout to the downside. (Bearish) Price < EMAs shows a bearish market structure. (Bearish) RSI < 40, which shows bulls are weak right now. (Bearish) Price < VWAP shows a bearish sentiment in the market. (Bearish) OI data shows PCR = 0.64, which shows the market is having bearish structure. (Bearish) Verdict: Bearish Plan of action: Sell 45700 CE (hedge it with 30rs CE).
NSE:BANKNIFTYShort
by finnova_
Banknifty prediction for tomorrow 05 FEB 24As we discussed, Banknifty touched Target 1 and then fell from there. Now, if we look at the charts , The market is making a rectangular pattern in an uptrend; now, it has broken to the downside. Also, we have 200 EMA support here. Banknifty is sitting in a make-and-break situation. It might take support, but if we look at RSI, bulls do not have strength. Also, the last 5 candles were intensely selling volume candles, which indicates the market will go bearish in upcoming sessions. OI data: PCR = 0.70 indicates the neutral behavior of the market. 46000 is the MaxPain. If it breaks to the downside, the next level of support is 45400. Also, on the upside, 46500 is a strong level of resistance. FII & DII data: FII is mildly bullish, whereas PRO seems to be mildly bearish, which gives neutral market behavior. I am expecting the market to go bearish in upcoming sessions: Reasons: The Market has broken to the downside of the Uptren rectangle pattern. (Bearish) The market is at 200 EMA, which might provide support. (Bullish Hope) (Neutral) 13EMA > Price ~= 200 EMA, which indicates market direction depends on price action on 200 EMA. RSI < 40, which shows the weak bulls sign in the market. (Bearish) Price < VWAP (Bearish) OI data PCR = 0.7 indicates neutral market behaviour. (Neutral) Verdict: Neutral (Mild Bearish) Plan of Action: Observe PA at 200 EMA. If the price is below the outside rectangle, go Bearish.
NSE:BANKNIFTY
by finnova_
3
02 Feb ’24 — There is something bothering the Banks, is it PayTMBankNifty Analysis - Stance Neutral ➡️ BankNifty surprises everyone today, the meltdown first started in the banks and persisted in the banks. Nifty was near the ATH - understandable, but BankNifty is a long way from its top - so the fear of highs could not be the reason for the fall today. The price action showed something deeper is troubling the banks - is it the PayTM & RBI tussle to be blamed? Or are the unsecured short-term small-amount loans turning RED? 4mts chart Anyway, the big-boys know it better than us and soon we will all know. Unfortunately from a technical analysis perspective, we cannot plan for these events. Today’s price action shows a big RED, but a week’s data looks neutral. 63mts chart Just when BN was trying to recover from the blow on 17th and 23rd Jan, we got the RED today. The recovery from 25th Jan via bouncing off the support looked promising and when the 45399 resistance was cut through - our hopes got pinned for a bullish comeback. The charts however still show neutral trade possibilities and the support of 45399 and resistance of 47465 as the first hurdle for a directional trend.
NSE:BANKNIFTY
by viswaram
Bank Nifty at make Or break zone Both the indices are the make or break zone.. But when we look the bank nifty we can specially say that the bank nifty gone up for the retest of earlier breakout zone and today it slipped from there which gives strong convictions of downfall but still it is really interesting to see if bank nifty doesn't close below the make or break zone then we will not go for bear trade but if bank nifty daily candle break and close below that zone then we can see great downfall in the indices in near future .... Educational purpose only ....
NSE:BANKNIFTY
by Influitive_Capital
TRADE IDEA BANKNIFTY FOLLOWING A STRONG TREND LINETRADE IDEA BANKNIFTY FOLLOWING A STRONG TREND LINE The BANKNIFTY following a strong trend line It's look like follow more Duee to bullish momentum is showing on day chat hense it looks like follow the trendline If it's follow s Then the possible resistance Or target lables are mentioned In the graph TRADE IDEA BANKNIFTY FOLLOWING A STRONG TREND LINE The BANKNIFTY following a strong trend line It's look like follow more Duee to bullish momentum is showing on day chat hense it looks like follow the trendline If it's follow s Then the possible resistance Or target lables are mentioned In the graph
NSE:BANKNIFTYLong
by tradergyan01
Bank Nifty - 01/02/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 01/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45870 – 45897 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45900 Resistance-1: 46120 Support-2: 45677 Resistance-2: 46180 Support-3: 45518 Resistance-3: 46370 Support-4: 45200 Resistance-4: 46600 ____________________________________________ Happy Learning and Trading – TST5121 Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. 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. SHORT FORM &FULL FORM 0.5 -> 0.5% Swing PDH -> Previous Day High PDL -> Previous Day Low PDC -> Previous Day Close PDO -> Previous Day Open PWH -> Previous Week High PWO -> Previous Week Open PWC -> Previous Week Close PWL -> Previous Week Low D_S -> Day Support D_R -> Day Resistance W_S -> Week Support W_R -> Week Resistance W_O -> Week Open W_C -> Week Close LW_O -> Last Week Open LW_C -> Last Week Close IMP -> Important R@1, R@2, R@3... -> Resistance-Zones S@1, S@2, S@3... -> Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)
NSE:BANKNIFTY
by SriTrader5121
Banknifty Mathematical Levels for this 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
Banknifty prediction for tomorrow 30 JAN 24As we discussed, Banknifty it has given a breakout today. By looking at the chart has given a breakout for the falling wedge pattern, which indicates the Market is going to get bullish in upcoming sessions. By looking at the Oi data, PCR = 0.86, which is bullish. Also, the budget is about to be announced on the 1st FEB., which needs to be good as the election is near. The whole Market is showing a positive sentiment. I am expecting Market to go bullish as of now Reasons: Price > EMAs, which indicates a bullish signal. (Bullish) RSI > 60, which shows bulls are in the control of the Market now. (Bullish) PCR = 0.86 shows bulls are more prominent in the Market. 45500 seems to be the MAX Pain. Once this level is clear, the Market is expected to go higher. (Bullish) The Market has given a breakout for the Falling wedge pattern, which is a clear sign of bullishness. (Bullish) 46300 seems to be a crucial level of resistance as it's also conceding with 200 EMA, which is probable to give some résistance. (Target Resistance) Verdict: Bullish Plan of action: SELL 45400 PE (hedge is with Buy 30rs PE)
NSE:BANKNIFTYLong
by finnova_
BankNifty prediction for tomorrow 29 JAN 24As we discussed, NIFTY is to be "SIDEWAYS in the range 44600 - 45481" in our last analysis. It resulted in a sideways while facing good resistance on 50-EMA. Now, if we look into the Chart data, EMA(50) is providing nice resistance. Also, 44500 is Hard SUPPORT, and 45370 is Hard RESISTANCE, resulting in a zonal movement. Also, the market is making a falling wedge pattern, which is bullish. while OI data PCR= 0.68 shows bearishness while PCR=0.90(next week expiry) shows bullishness. means people are expecting a good budget decision announcement on 1st FEB. As people are waiting for a budget day, I am expecting the market to be sideways till 1 FEB in the given Zone unless we get a breakout. Reasons: Market is making falling wedge pattern which is bullish. Price < EMAs, which shows bearish market structure. RSI ~ 40-60, which shows sideways market momentum. EMA 50 and 200 will be acting as resistance. An upper resistance trendline will provide good resistance. OI data PCR = 0.69 shows Bearish wherelse PCR = 0.90 shows bullish sign in upcoming week. Verdict: Sideways unless it gets breakout. Plan of Action: Sell 44500 PE and 45400 CE (hedge it with 35rs premium)
NSE:BANKNIFTY
by finnova_
2
NIFTY prediction for tomorrow 25 JAN 24As we discussed, NIFTY has a "Bearish structure," but at the price action level of 21200, it took support and recovered really well. It gave a double bottom breakout and also reached level 21500, which is a resistance zone for now. If it enters into the zone marked in blue, it's going to be sideways. Also, 200 ema is going to act as a resistance point inside the blue zone. If we look at the OI data, PCR = 0.82, which leans towards a bullish market structure. Meanwhile, Banknifty PCR = 0.59 is bearish as both are not aligned. So tomorrow, I am expecting the market to be sideways in the blue zone and high volatility in the lower zone. All important levels have been marked on the chart. Reasons: Price 200 EMA, which will also act as resistance in the upward direction. RSI ~ 40-60, which indicates the sideways market structure. Price > EMA(13) is also sitting at 50 EMA, which will be acting as resistance. OI data PCR = 0.82 shows bullish signal. (Bullish) Verdict: SIdeways Plan of action: Wait for 15 min candle. Make position according to PA levels marked on charts.
NSE:NIFTY
by finnova_
BankNIFTY prediction for tomorrow 25 JAN 24As we have been discussing, BN is bearish; it took support from the marked zone and then recovered but again fell in 2nd half session today. If we look at chart data right now, the 44600 level showed nice support twice today with a nice volume. As the market is still making LL and LH, it represents a bearish market structure. I am expecting it to come again to 44600 and then bullishness in the market. Also, OI data PCR confirms the bearishness in the market with a PCR value of 0.59 ( BEARISH ). FII ad Pro clients data indicates the market to be getting bullish. I am expecting the market to be sideways in the range of 44600 - 45481. both levels are going to provide nice support and resistance. Reasons: Price < EMAs shows bearishness in the market. RSI 40-60 shows the sideways momentum along with the bulls' weak power. OI data PCR = 0.59 indicates a bearish signal in the market. Vwap is still high value. Price << VWAP indicated market price has to settle. It's not going to make a huge bearish move in the market. Verdict: SIDEWAYS in the range 44600 - 45481. Plan of action: look for 15-min candle and make a bound position in 44600-45481. I will update the idea once a market trend is set.
NSE:BANKNIFTY
by finnova_
24 Jan ’24 — BN still looks bearish to me, will it go neutral?BankNifty Analysis - Stance Bearish ⬇️ The stance of BankNifty continues to be bearish as it was nothing like the Nifty today. The major reason is the rejection of resistance at 45399. After opening near the support level of 44542, BN made a quick surge to the resistance of 45399 by 09.59. The rejection came by 10.43 and that RED candle spoke for itself. 4mts chart We started falling and BN went underwater again by 11.27. Interestingly BN made a W pattern on the 4mts chart today - but it means nothing if the resistance is not taken out. 63mts chart The first candle steals all the show today - its low right at the support of 44542, its high right at the resistance of 45399. Nifty will not be that strong in the upward direction until BN joins it. Right now N50 is neutral and BN is bearish. To lose bearishness, BN has to take out the resistance and close near 46151. Since both BN and N50 have expiry tomorrow, it will be an option sellers day as the premiums will be juicy enough.
NSE:BANKNIFTYShort
by viswaram
Banknifty Prediction for tomorrow (weekly) 24 Jan 24According to our past discussion, BANKNIFTY had a bearish nature for a couple of days. It had a nice fall today. If we look at chart data now, 46617 is a good support point. But if it breaks to the downside, it is going to give a nice target of 43850 level. Important levels have been marked on the chart. There are two different possibilities marked green (Bullish) and red (bearish) on the chart. If we look at the OI data, PCR = 0.51 indicates a huge bearishness in the market, which is also supported by the chart data. 45000 is the MAXPAIN for the current market structure. If it breaks to the downside, then good targets of levels 43850 and 43267 can be achieved easily. All important levels have been marked on the chart. Data shows the market is going to be bearish in the upcoming week. Reasons: Price < EMAs shows the market's bearish nature. (Bearish) The market has given the Death crossover, which is a strong signal of a Bearish market. (Bearish) OI data PCR = 0.51 shows the bearish structure of the market. (Bearish) RSI < 40, which shows weakness in bulls strength. (Bearish) Verdict: Bearish Plan of action: Look for a 15-minute candle; make a position based on the PA marked on the chart.
NSE:BANKNIFTY
by finnova_