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Bankniftytrading

Bank Nifty Future chart analysis for 20.11.2023if price goes above 43849 then it may reach 43982 easily, 43982 is a strong resistance and may again go down to the level of 43688, if it crosses above 43982 the it will easily reach to the level of 44124. If price goes below 43563, then it may take support at 43386, 43386 is a super strong support price may bounce back from this area and may reach to the level of 43688, if price crosses below 43386 they you may see weakness in price and it may go pass below final target.
NSE:BANKNIFTY1!
by stoxway
17th Nov ’23 BankNifty PostMortem - Buying groceries on CC EMI🚩BankNifty Analysis We will discuss the Capital Adequacy Ratio news in detail today as I was unable to find time yesterday due to an unscheduled hospital emergency. In yesterday’s postmortem, I mentioned that I would be changing the stance to bearish if the support of 44063 does not hold. Hope you would have got my tradingview minds update. 5mts TF chart link - click here We opened gap down at 43694 well below the support level of 44063. In the opening candle itself, we tested the next support level of 43566. Unlike Nifty, there was no recovery in sight for BankNifty. By 10.15 we retested the 43566 support again. The price action was not at all aggressive, we were only falling gradually. Its just that the opening candle had a swing of 565pts and I guess that was the maximum target the big-boys had in mind today. Towards close we broke the 43566 support and closed lower, which means we knocked out 2 support levels today. What is the news from RBI that has spooked the financial sector? RBI's tighter regulatory risk weight to hit banks' capital adequacy by 60 bps: S&P Axis Bank shares fall 2% after RBI raises risk-weight on consumer loans, imposes penalty Bajaj Finance, HDFC Bank, ICICI Bank stocks tank as RBI's risk-weight move hits tier-1 capital RBI's New Guidelines To Have Capital Impact Of 55 Basis Points, Says SBI Chairperson SBI Card's Capital Adequacy To Fall 400 Basis Points After RBI Raises Credit Risk Weights If time permits, request you to go through these news snippets to get a fair idea of what transpired. When RBI decided to up the risk weight for personal loans and credit-card loans by 25%, it means the lender has to maintain adequate capital to cover those risks. CAR is basically for the health of the lender. From a macro perspective when Inflation goes up uncontrolled, people resort to personal loans and credit card EMIs to fund consumption. This is especially true for those segments of the population that did not have a proportionate rise in income. Think like this, if people start buying groceries using a credit card loan - it shows their inability to afford. It definitely is a red flag as the interest on these loans will catch up soon and the end-user could default if his income is staying as it is. 1hr TF chart link: click here Most importantly we broke out from the ascending channel pattern and created an island day today. If you read that price action along with 2 supports getting clean-bowled, it may be true that the bears are making a comeback. For Monday, I wish to maintain my bearish stance, the next targets would be 43404, 43253 and 43012. If we reverse and go up, the first major resistance will be 44063 and if we are unable to get into the ascending channel by Monday, I will be happy to remove that.
NSE:BANKNIFTYShort
by viswaram
Bank Nifty Future chart analysis for 17.11.2023If price takes resistance at 44395 then it may again retrace back to its yesterday's low. if price crosses over 44395 then you can witness a new upside move and price may reach 44526 pretty easily.44526 again a strong resistance, if price crosses over it then it will reach its final target, but if it retraces from here then it can give you 200 points downside. As you can see here that bollinger bands bursted at the last moment may be much downside moves still waiting, if price goes below 44129, then it may reach to the level of 43950 , 43950 is a strong support price may bounce from here to the level of 44317. if price crosses below 43950 then it may reach to the level of 43797.
NSE:BANKNIFTY1!
by stoxway
Bank Nifty Intraday levels 16th Nov 2023Good Morning Everyone After opening on gap up, bank nifty wiped our around 200 points gain from day's high and closed higher by 310 points at 44202, with above average volume. Well index has formed bearish candlestick pattern n daily chart pattern because the closing was lower than the opening levels. Market is on buying on dips. So in case you see any dip try to take in down and sale on high. World market is showing mix cues, Gift nifty is ready to give minor gap up opening. Important levels for Banknifty:- Intraday support zone 44000 Intraday resistance zone 44300 Important support zone 43800 Important resistance zone 45000 Buy above 44261, if levels sustains at least for 30 Mints Targets we can see in upside 44381/44484 Keep stop loss at 44155 Sale below 44155, if levels sustains at least for 30 mints. Targets we can see in downside 44049/43899 Keep stop loss at 44261 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:BANKNIFTY
by TraderRahulPal
Banknifty Intraday levels || Expiry Day special Hero Zero TradeGood Morning Traders, In monday session Banknifty was totally under pressure for the entire session, falling 105 points to settle at 43891. Banknifty tried inching towards 44000 mark, but remained unsuccessful, which is expected to be crucial resistance for further up move towards 44500 levels. But As America has given a huge closing on yesterday session we can see some bullish momentum in coming days. SGX nifty is suggesting huge gap up opening, seems banknifty should open above 43400, but you do not have to worry about, let the market settle first, once banknifty come in between 44300-44200, try to accumulate and go long with the target of 44500/44600/44700+ Important levels for Bank nifty:- Intraday support zone 43800 Intraday resistant zone 44300 Important support zone 43500 Important resistant zone 44500 Buy above 44039, if levels sustains at least for 30 Mints Targets we can see in upside 44255/44515/44749 Keep stop loss at 43861 Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BANKNIFTYLong
by TraderRahulPal
BANKNIFTY analysis for 15 NOV (today)BankNifty has been in the rising wedge pattern which is usally Bearish Pattern. as it has also been taking resistance from the 1H-tf trendline. also its expiry today that means mostly its sideways. But if it breaks the rising wedge to downside it might give a nice target of 350-400 points to bearish side. Reason: EMA 200 support line to downside. will provide a nice support if it breaks to downside. (Bearish) we also have Priceaction support level in range of 43350-43450. (Bearish) RSI is in range of 40-60 means mostly sideways. (Sideways) PCR = 0.96 (Bullish) Price > EMAs(13,50,200) (Bullish) Verdict: Unless it breaks to downside odds are Bullish Plan of action: Sell 44000 CE and Buy 43900 PE
NSE:BANKNIFTYShort
by finnova_
13th Nov ’23 - BankNifty Postmortem Bullish Channel or Bearish🏴BankNifty Analysis Banknifty also erased the gains it made on Diwali Mahurat trading. Today’s close is almost at the same level as of 10th Nov. Interestingly BN tested the resistance of 44063 on Sunday from where it was rejected. Sunday’s trade could be thought of as manipulated (legally) as most of them come with a bullish bias for Muhurat trades. Few of them deploy their Diwali corpus on stocks, etf, gold etc. But today’s initial price moves suggest the sellers are not done yet. After opening gap down, we went another 252pts lower and then climbed back - just like a warning shot. But BankNifty recovered much more elegantly compared with Nifty. By 14.35 we almost closed the gap. There are 2 ways to look at the ascending channel. Either it's a strong breakout candidate or it may be a downward flag consolidation phase on a weekly time frame. The only way to confirm is to wait for clarity. If it's an upmove, 44063 has to be taken out immediately. If we are staying as it is or dipping, the bears will take it up from here. For Wednesday, I wish to maintain my neutral stance till one of these levels gets broken (44063, 43566).
NSE:BANKNIFTY
by viswaram
2
BANK NIFTY - Target Levels - 10.11.23.Its Helpful & Useful For Freshers, Newers & Beginners Of Trading... Learn & Earn With You Own... Nifty Spot Price : 19395.3 India Vix Spot : 10.98% - Nifty Daily Range : 43433 To - 43935 See My Reversal Target Level - Long Wick Is Shown Only. The Reversal Trend Is Activated. OtherWise Leave It. And Achieve The Target Point. Second By Second Change The Trailing Stop Loss.. Don't Loss Your Hard Money.. Draw & Watch The Target Points : Entry Point... & Stop Loss... & Target Point ...Is Yours... In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check. (Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not) I Am Not Sebi Registered Analysis, This Is Education Purpose Only. Dear Followers.. Trend Is Our Friend.. 1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy. 2. Kindly Watch My Break Even Point. Every Day.. 3. Above The Break Even Point.. Resistance Break.. UPTrend Starts.. Buy CE.. 4. Below The Break Even Point.. Support Break.. DownTrend Starts.. Buy PE.. 5. After Retracement.... Stop Loss is Above Or Below Break Even Point.. 6. Stop Loss Is Must.. 7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame.. 8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also.. 9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry. Don"t Enter Blindly. 1. We Focus On Our Daily Analysis.. 2. Combination Theory Of Delta, Gamma, Thetta, & Vega. 3. Selection Of OI Analysis.. & Determination Of Volume Calculation.. & Sum Of Implied Volatility Theory 4. We See 4 Types Of Fibinacci Retracement Levels.. (1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level), 5. Techninal View On Break Even Point.. & Prediction Of Entry, Targets, & Stop Loss.. 6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully.. 7. Market Moves in UpTrend or DownTrend.. 8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.. Its Most Important For Daily Tradings.. 9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings.. Kindly Follow My Channel & Like Your Support & Share My Ideas. TAMIL.. TAMIL... TAMIL.... Engum Tamil.. Ethilum Tamil.. VALGA VALAMUDAN.. Ithu Oru Tamilanin Thoguppu.. Like Pannunga.. Comment Pannunga.. Share Pannunga.. & Profit Pannunga... Marakkama Unga Friends & Relatives a - market1tomorrow - la Join Panna Sollunga.. This Is My Trading Phychology Of market1tomorrow
NSE:BANKNIFTY
by market1tomorrow
9th Nov ’23 - BankNifty PostMortem - Neutral stance continues...BankNifty Analysis BankNifty traded totally differently from Nifty50 today. Nifty opened higher and was trading lower, whereas BankNifty took support in the first candle (43566) and was trading higher. We even took out the last swing high to hit an intraday high of 43876 by 11.55. The afternoon session perfectly matched Nifty’s price action. A gradual but steady downward move. Nifty took out the intraday low in the afternoon session whereas BankNifty stayed above water. One other reason for this was because the bulk of the loss on Nifty50 came from NiftyIT, RELIANCE & ADANIENT i.e. non BankNifty stocks. So I guess the participants would have purchased Bank stocks to limit the losses on Nifty. On the 1hr chart, BankNifty is also looking tired. To break through the next resistance of 44063, requires a strong build-up of momentum which looks quite difficult now. BankNifty has not made a rounded top-like formation like Nifty, but if we are to fall from here, BN has to fall first. I wish to maintain my neutral stance for tomorrow as well, the levels being 44063 on the upside and 43566, 43404 on the downside. If either of these levels are broken, I would change my stance to bullish or bearish. Will update the tradingview minds here when I do.
NSE:BANKNIFTY
by viswaram
8th Nov ’23 - BankNifty options premium traded at near 0 valuesBankNifty Weekly Expiry Analysis Between the last expiry and today, BankNifty gained an impressive 909pts ~ 2.13%. It broke through 3 resistance lines to give some hope to the bulls. If we talk about the expiry day today, the OTM premiums were horrible today. Due to the collapse of implied volatility - the market participants were not anticipating any movements. Today is one rare day when I decided not to sell any PUT options. I felt its better not to sell than sell cheap. CALL options on the other hand had better premiums after the opening hour. BankNifty Today Analysis We almost hit the 43800 levels in the opening candle, but there was some difference in the price action if we compare it with Nifty. Although both Nifty and BankNifty fell till 11.15, Nifty managed to climb back whereas BankNifty lost the momentum. The tiredness of the bulls was more prominent in BN. I usually take BankNifty’s price action as a leading indicator during trend reversals. Seems like I need to draw a new support/resistance line at 43566, because we stopped and reversed twice at that zone. I never had that level marked in my chart before. I have highlighted the 4 recent instances in blue color. Looking at the hourly chart, I have decided to change my stance from bullish to neutral. The only way to change back to bullish is to break the 44063 levels. Whereas to go bearish, BankNifty will have to break at least 4 supports and trade below 43012. So until then, I wish to stay neutral.
NSE:BANKNIFTY
by viswaram
Banknifty Intraday Prediction Levels for 8 Nov 2023Banknifty Intraday Prediction Levels for 8 Nov 2023 The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line. Major Resistances- 43910,44160,44315,44435,44515,44575,44725,… Major Supports- 43620,43495,43420,43350,43300,43220,43070,… These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on. If You are a new trader then just watch ( No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
Bank Nifty Intraday Analysis || Expiry Special Hero Zero TradeGood Morning Everyone, Guy's Banknifty has given huge momentum in last trading session, it has given good closing above 43700, and formed a bullish candlestick pattern with a long lower shadow on the daily timeframe. Banknifty is clearly saying you can buy on dips to me. There was a hurdle of 43700, which has got cleared in yesterday session. Now 44000 will be next hurdle for BankNifty. If i talk about today's Global Market, then it is showing mix to positive sentiment, Gift Nifty also indicating gap up opening, I think in case we see any profit booking in index and we get banknifty around 43636-43550, Then we should think to go long as Market itself saying buy me on dips. At least for today we can try.. MACD has also given positive crossover in yesterday session. let' s see how market is going to behave..We will act according to the levels. Important levels for Banknifty:- Intraday support zone 43500-43600 Intraday Resistance zone 43900-44000 Important Support Zone 43300 Important Resistance Zone 44500 Buy above 43892, if levels sustains at least for 30 Mints. Target we can see in upside 44028/44146 Stop loss will be 43700 Sale below 43634, if levels sustains at least for 30 Mints. Targets will be in downside 43497/43385 Keep stop loss at 43700 Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BANKNIFTY
by TraderRahulPal
7th Nov ’23 - 515pts 1.19% intraday rally on BankNifty?BankNifty Analysis The price action on BankNifty was more than exciting. The opening minutes would have given the impression of going bearish and it would have played out well till 11.50 wherein we fell 322pts ~ 0.74%. The 11.40 candle just went through the 43404 support as simple as that, reinforcing the bearish intent. What happened next would have surprised everyone. We took support at 43280 levels (much above the 43253 support zone) and then pushed through the resistance of 43404 with a nice GREEN candle. It did not stop there, it went on to break the swing high and close at 43780 levels. A whopping 515pts ~ 1.19% rally from the low of the day. The only reason I did not go short in BankNifty at 11.40 was that my margin was blocked in FinNifty. Glad that happened, else I would have hit with a sure stop-loss. The bullish call on BankNifty continues and my next target would be 44063. The last 4 hourly candles were in green today, especially the 13.15 candle that came right at the 43404 support level indicating further GREENish possibilities. For a bear run the support levels of 43404, 43253 have to be broken again.
NSE:BANKNIFTYLong
by viswaram