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30th Oct ’23 - Neutral on BankNifty till 43404, bulls are back?BankNifty Analysis Since BankNifty is in the neighbourhood of support and resistance, it is quite easy to explain with examples. The open was almost inline but we started dropping fast. We gave up 438pts ~ 1.02% by 09.40. Unlike Nifty50, I did not find it that encouraging to look out for bearish opportunities. The main reason is the decay of premiums. None of the OTM strikes had excess juice for the squeeze - so I just chose not to participate. At 09.20 we had the first breach of 42576 support, the strong red candle was ample proof of strength. On its way back 3 strong green candles negated the 42576 resistance. Then between 13.00 to 13.20 we had a smooth rejection of resistance2 at 43012. My mistake was to assume that we would close below 43012, this was proven wrong between 15.00 to 15.20 when this level was taken out. On the 1hr TF the next level to watch out on the upside is 43253 followed by 43404. If we were to fall 42576 has to be taken out pretty quickly and the next support comes only at 41624 - so the bears need to have strong momentum. I wish to maintain my neutral stance till 43404 is not taken out.
NSE:BANKNIFTY
by viswaram
#Banknifty directions and levels for oct30"Good morning, friends! As of October 30th, the global market sentiment is bearish, as indicated by the Dow Jones. Our local market is also showing a moderate bearish trend. It may open with a neutral to slightly gap-down start. Structurally, we can expect a minor correction ranging from 38% to 61%. After that, if a pullback occurs, we can anticipate a range-bound market with a potential for continuation. On the other hand, if it breaks the previous bottom, the correction is likely to persist. However, if the market opens with a gap-up, we can only expect pullback continuation if it manages to sustain."
NSE:BANKNIFTY
by Manickamtraders
27th Oct ’23 - Bears taking some rest before the next move?BankNifty Analysis During periods of trend reversals, BankNifty will act as the leading indicator. I hope that will work out in this period as well. Today’s price action is quite too early to say if we have reversed the bearish trend - because it was mostly support and resistance play. BN started around the 42576 zone and held its ground confirming the lack of momentum of the bears (as of now). It could also be a day of rest as we had strong price moves already this week. BN was unable to climb back upto the resistance zone of 43012 - indicating lower strength of the bulls as well. Till we get clarity if its a reversal or trend continuation, I wish to change my stance to neutral from bearish. The resistance points above the spot are 43012 and 43253. The support zones are 42576 & 41624. Yesterday we discussed the importance of 41624, since it comes at a drop of 1158 points - the bears have to really exert that much pressure. This reassures the decision to take some rest and build up the momentum for the next move.
NSE:BANKNIFTY
by viswaram
FASP levels for Bank Nifty 30/10/2023The FASP for BankNifty is listed for 30-10-2023. 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
2
FASP levels for Bank Nifty 26/10/2023The FASP for BankNifty is listed for 26-10-2023. 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 Expiry Trade setup for 25-10-23BankNifty important levels to watch are as follows #Support: 43160 Sell below: 43160 only on 15 minute candle closure below the level. Target 1: 43000 Target 2: 42850 #Resistance: 43360 Buy Above: 43360 only on 15 minute candle closure Above the level. Target 1: 43525 Target 2: 43700-710 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:BANKNIFTY
by InvestyourAsset
Banknifty analysis for 26th October 2023 for educational purposeBanknifty analysis for 26th October 2023 for educational purpose This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor. YOUR QUERY - Trading analysis for tomorrow Nifty price action analysis Nifty bank nifty analysis Nifty option chain analysis for tomorrow Monday bank nifty analysis Bank nifty daily analysis Nifty analysis for tomorrow Option trading daily analysis Bank nifty weekly analysis Bank nifty analysis for Monday Nifty prediction and bank nifty analysis Tomorrow market prediction Nifty open interest analysis tomorrow Nse option chain analysis Daily option chain analysis Nifty option chain analysis for tomorrow Option chain analysis Today option chain analysis Option chain analysis for tomorrow Nifty trader option chain analysis Today nifty option trading Nifty trader option chain analysis Today nifty opening prediction Nifty post market analysis Morning nifty prediction Bank nifty post market analysis @vijayanjum #nse #nsebse #Nifty #niftyfifty #bankniftytrading #nfitybank #niftypredictionfortomorrow #niftyoptions #NiftyBank #nifty50 #nifty500 #niftytomorrow #niftytoday #NiftyCE #bankniftyoptions #sensex #sensexindia #sensextoday #bankniftytips #bankniftyanalysis #bankniftytrading #bankniftyoptions #finnifty #bankniftystrategies #niftystrategies #bse#bseindia #bsesensex #nsenifty #nsebse #nseindia #STOCKMARKETEDUCATION #STOCKMARKETUPTODATE #STOCKMARKETTODAY #stockmarkets #tommorrowMarketPrediction #nfityoutlookfornextweek #bankniftyoutlookfornext week #bankniftyoutlookformonday #niftyforecast #bankniftyforecast #niftyshareprice #bankniftyshareprice #tommorrowniftyprediction #tommorrobankniftypredicton #niftytargettommrrow #bankniftytargettommrrow #bankniftylive #banknifty #bankniftyoptions #bankniftystrategies #bankniftyfuture #bankniftyoptionstrategy #bankniftycalls #bankniftyintraday #bankniftylivetrading #bankniftyweeklyexpiry #bankniftycrash #bankniftytomorrow #bankniftypredictions #bankniftychart #bankniftytips #bankniftypremium #bankniftyoptions #bankniftyfuture #bankniftytomorrowprediction #bankniftyoption #niftyweeklyexpiry #stockmarketinindia #derivatives #niftypredictions #niftytips #bank nifty analysis, #bank nifty prediction for tomorrow, #bank nifty analysis #bank nifty tomorrow, #nifty prediction for tomorrow, #nifty prediction, #nifty analysis, #banknifty tomorrow, #bank nifty tomorrow analysis, #nifty tomorrow, #bank nifty analysis for tomorrow, #nifty analysis for tomorrow, #stock market crash, #stock market latest news today, #bank nifty live, #live trading bank nifty, #nifty live trading, #live trading, #bank nifty live trading #OPTIONS #OPTION #optionbuying #optiontrader #optionselling #optiontrading #optionstrategey #optioncall #optionput #optionexpiry
NSE:BANKNIFTY
by vijayanjum
Banknifty future chart analysis for 25.10.2023As you can see here price closed inside downside third deviation you may see a sudden upside move if price goes above 43291, then it may reach 43476, 43476is strong resistance price may go down again from here, but if it crosses above 43476, then it may reach to the level of 43661. if price takes resistance from 43291 and goes below 43080 then it may again go down very low. if price goes below 42963 then it may take support at 42850, and may go up, but if price goes below 42850, then it may again go very deep and may hit final target of 42581.
NSE:BANKNIFTY1!
by stoxway
Bank Nifty intraday setup 23rd Oct 2023Good Morning Traders, Guy's Markets are on support zone, chances are high we can see reversal from here, Banking sector results are also coming very attractive, Icici bank and kotak bank has shown a magnificent results. In friday session Bank nifty has formed a bullish candlestick pattern with a long upper shadow, which resembles an inverted Hammer kind of pattern formation on the daily time frame. So this is proper bullish reversal pattern formed at the downtrend, But in case the index breaks 43500, the crucial support, then further selling pressure towards 43300 or 200- day ema can't be ruled out. Important levels for Bank nifty:= Important support zone 43500-43600 Strong Support zone 43300 Important resistance zone 43900-44000 Strong Resistance zone 44200 Buy above 43777, if levels sustains at least for 30 Mints. Targets we can see in upside 43877/43988 Keep stop loss at 43608 Sale below 43608, if levels sustains at least for 30 Mints. Targets we can see in downside 43498/43375 Keep stop loss at 43777 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
5
Banknifty future chart analysis for 23.10.2023As you can see here that Median line showing downside trend and price closed at downside standard deviation one ,after taking resistance at median line, if price goes down below 43574 then you can see a short term burst in bollinger bands and price may reach to the level of 43412, price may take a sudden upside bounce from 43412, if price crosses below 43412 then price may became very weak and may travel beyond downside final target. if price takes support above 43574 then you may see a sideways again. if price takes resistance at 43907, may go in sideways , if crosses above 43907 then it may again retrace from 44076 , and may go down 200 points from here. if price crosses above 44076 then it may reach to the level of 44257.
NSE:BANKNIFTY1!
by stoxway
20th Oct ’23 - Unwilling to Die attitude from BankNiftyBankNifty Analysis The greatest surprise of today came from BankNifty. A perfect flat closing today. I was hoping for a 400+ pts fall today considering how the global indices ended the trade yesterday, also how the US banks were tanking. The resilience Indian banks showed today deserves special mention. If you look at the price action today, we went green by 09.35 and then had a range-bound trade. At 13.15 we had a 114pts surge super-strong green candle, but we quickly retraced that. If BankNifty had fallen just as much as Nifty50 today - the entire story would have been different. The immense weight BN has over N50 ensured the cuts are not that deep. On the hourly time frame, things look still bearish as the 44068 resistance still stands. I agree that we did not have momentum today, but if we stay in this zone - the selling will intensify. My targets of 43404 and 43253 remain unchanged.
NSE:BANKNIFTYShort
by viswaram
19th Oct ’23 - BankNifty the main villain for the bears todayBankNifty Analysis The main villain who spoiled the plans for the bears is BankNifty. We had an opening candle swing of 333pts on the downside, but the price action was not looking that bearish for some or other reason. Ideally, we are below the support level of 44068 and any down-swing should have created an avalanche of shorts. Instead, we started climbing back right from the 2nd candle. Leg 1 was complete by 11.25, that 5mts candle alone contributed 189pts and took BN into green territory. The 2nd leg of the upside came between 13.20 to 14.05. Notice from the chart how the support/resistance level of 44063 came into play today. We had a rejection at 14.05 and BankNifty started moving downwards. Even though we climbed 503pts ~ 1.16% between the intraday low to high - the rejection at resistance proves the point that we are still bearish. Of the targets set yesterday, 43735 was broken and we got pretty close to 43519. We are getting back to the zone that has good support/resistance marked from the prior price actions. My new targets for tomorrow will be 43404 and 43253 if we are continuing to move downwards. If we go upwards - no action is really required unless 44068 is broken. India VIX closed at 10.8975 and US VIX is trading at 19.67 the difference between them a whopping 80%. Noting it - in case we do not see drastic variance again.
NSE:BANKNIFTYShort
by viswaram
FASP levels for Bank Nifty 20/10/2023The FASP for BankNifty is listed for 20-10-2023. 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 directions and levels for #October19"Good morning, friends! As of October 19th, the global market sentiment is negative, as indicated by the Dow Jones. However, our market is moderately bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback (23% to 38% Fibonacci level). On the other hand, if the correction breaks the immediate support level, then the correction is likely to continue.
NSE:BANKNIFTY
by Manickamtraders
7
Banknifty Intraday Prediction Levels for 18 Oct 2023Banknifty Intraday Prediction Levels for 18 Oct 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- 44550,44655,44715,44810,44940,45080,45120,… Major Supports- 44280,44180,44090,44025,43900,43760,43700,… 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 future chart analysis for 18.10.2023if price goes above 44641 then you may see a short lived burst and price may reach to the level of 44797, which is also a strong resistance.if price goes above 44797 then you may see a good upmove reaching full target. As you can see here price closed at median line and bollinger bands are broad and flat if price takes resistance around upside standard devition one or if takes support around down standard deviation one you may see again a sideways. if price goes below 44340, thenit will reach to the level of 44213, which is a strong support crossing below 44213 , price may reach further down reaching full target and beyond.
NSE:BANKNIFTY1!
by stoxway
Banknifty Intraday Prediction Levels for 17 Oct 2023Banknifty Intraday Prediction Levels for 17 Oct 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- 44315,44410,44445,44510,44660,44715,… Major Supports- 44160,44100,44000,43900,43800,43700,… 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
#October17th directions and levels for Banknifty"Good morning, friends! As of October 17th, the global market sentiment is positive, as indicated by the Dow Jones. However, our market trend is in a ranging market. It may open with a gap-up, which indicates a ranging market structure. Therefore, if the market rejects the immediate resistance or if the gap-up doesn't sustain, we can expect a range market continuation. We can expect a pullback continuation only if it breaks the immediate resistance."
NSE:BANKNIFTY
by Manickamtraders
Bank Nifty Intraday levels 17th Oct Good Morning Traders, Bank Nifty has formed Doji kind of candlestick pattern on the daily time frame, making lower highs and lower lows formation for second consecutive session. But good thing is that Banknifty have defended 44000 levels in intraday, it's a psychological support for Banknifty, Well today according to Gift Nifty market is ready to open on higher, let's see if levels are getting sustained or not. HDFC bank result has come very attractive, so there is higher chances we can see good recovery in Banking index, Any decisive closing above in 44800 in Bank nifty will open door for further upside in Bank nifty. Important Levels for Bank Nifty:- Intraday support zone 44000 Intraday resistance zone 44500 Strong Support zone 43600-43800- Strong Resistance zone 44600-44800 Buy above 44454, if levels sustains at least for 30 Mints. Targets we can see in upside 44579/44715 Keep stop loss at 44208 Sale below 44208, if levels sustains at least for 30 Mints. Targets we can see in downside 44038/44883 Keep stop loss at 44454 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 Prediction Levels for 16 Oct 2023Banknifty Intraday Prediction Levels for 16 Oct 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- 44570,44760,44920,45120,45330,… Major Supports- 44090,43900,43760,43700,43600,43500,43420,43295,43100,42875,42680,… 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
Banknifty Tradesetup for 16-10-2023BankNifty important levels to watch are as follows #Support: 44050 Sell below: 44050 only on 15 minute candle closure below the level. Target 1: 43940 Target 2: 43760 #Resistance: 44220 Buy Above: 44220 only on 15 minute candle closure Above the level. Target 1: 44340 Target 2: 44515 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:BANKNIFTY
by InvestyourAsset