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Bankniftytrading

13th Oct ’23 - HDFCBK results may mess up Tech Analysis -BankN50BankNifty Analysis BankNifty was crazier than Nifty today, but because the options premium were not juicy enough, I refrained from taking positions (glad that I did). Open we fell 349pts and never really recovered from it. Till 13.30 BankNifty was showing more intent to fall than Nifty. Then came a quick surge of 248pts ~ 0.56% in 30mts. We closed the gap with this. More importantly, we fell back 360pts from that day’s top. A 0.81% fall in the closing hour has to do something with the results on HDFCBK. Yesterday I went with a neutral view for BankNifty and clearly said would prefer to go bearish if the 44380 level is broken. 44380 from the chart above shows the minor support level on which the double top lands. For Monday, it looks like the technical analysis may not work as news-flow, the results declaration on HDFCBK will mess it up. Still, with respect to the support/resistance levels, I wish to go with a short position if the 44068 gets broken.
NSE:BANKNIFTYShort
by viswaram
Banknifty Intraday Prediction Levels for 13 Oct 2023Banknifty Intraday Prediction Levels for 13 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- 44680,44740,44830,44920,45000,45120,… Major Supports- 44515,44450,44360,44280,44200,44100,43900,… 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 Trade Setup for 13-10-2023BankNifty important levels to watch are as follows #Support: 44220 Sell below: only on 15 minute candle closure below the level. Target 1: 44120 Target 2: 44000 #Resistance: 44380 Buy Above: only on 15 minute candle closure Above the level. Target 1: 44470 Target 2: 44620 => # 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:BANKNIFTYShort
by InvestyourAsset
#October13 directions and levels for Banknifty"Good morning, friends! As of October 13th, global market sentiment is negative, as indicated by the Dow Jones. However, our market trend is moderately bullish. It may open with a significant gap down. After that, if it is rejected around the immediate support zone, we can expect a ranging market. On the other hand, if it breaks the immediate support zone, then the correction is likely to continue. If there are any changes, I will inform you during the mid-market update."
NSE:BANKNIFTY
by Manickamtraders
Banknifty Intraday Prediction Levels for 12 Oct 2023Banknifty Intraday Prediction Levels for12 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- 44600,44671,44715,44770,44950,45120… Major Supports- 44435,44360,44315,44261,44096,43910… 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 daily analysis for 13/10/23.Banknifty on the daily time frame has formed an inside candle. It has closed above the 20 ema on the daily charts. On the hourly charts, the market has remained in the first hour candle and closed just between both the moving averages and the moving averages are close enough. The market has consolidated whole day and closed only 82 points higher killing option buyers. There is a sideway cycle in the market and there are less opportunity for the option buyers. On 15 minutes charts, the market has closed between both the moving averages and has closed around the 20 ema. Support :- 44450, 44340 Resistance :- 44740, 44970 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty Intraday Prediction Levels for 11 Oct 2023Banknifty Intraday Prediction Levels for 11 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- 44500,44542,44600,44660,44710,44850,44910,… Major Supports- 44308,44258,44190,44110,44070,… 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
Expiry Special Banknifty analysis, Intraday levels 11 OCT 2023Good Morning Everyone, Yesterday was the awesome day for traders, Bank nifty surged 474 points, and formed a bullish candlestick with minor upper shadow on the daily scale. Previous day's low of 43800 may act as a support in coming sessions. with resistance at 44500-44700, a break of which same can take the index towards 45000. Global market looking good, american market has also closed in positive, GIFT nifty also indicating a positive opening. So chances are high we can see follow up buying in index. But guy's do not forget to book profits on higher range. We can see some pressure if market is opening on higher range. Important levels for Bank nifty:- Intraday support zone 44200 Intraday resistance zone 44700 Buy above 44484, if levels sustains at least for 15 mints. Targets we can see in upside 44551/44736 Keep stop loss at 44338 Sale above 44338, if levels sustains at least for 15 mints. Targets we can see in downside 44176/44069 Keep stop loss at 44484 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
2
Banknifty Expiry Trade Setup for 11-10-2023BankNifty important levels to watch are as follows #Support: 44330 Sell below: 44330 only on 15 minute candle closure below the level. Target 1: 44200 Target 2: 44020 Target 3: 43840 #Resistance: 44490 Buy Above: 44490 only on 15 minute candle closure Above the level. Target 1: 44620 Target 2: 44760 Target 3: 44890 => # 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 Trade setup for 10-10-2023BankNifty important levels to watch are as follows #Support: 43830 Sell below: 43830 only on 15 minute candle closure below the level. Target 1: 43680 Target 2: 43500 #Resistance: 43960 Buy Above: 43960 only on 15 minute candle closure Above the level. Target 1: 44200 Target 2: 44450 => # 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
10th Oct ’23 - Leader in trend changes - BankNifty PostMortemBankNifty Analysis The real reason for the rally on Nifty was BankNifty. Remember yesterday we discussed how it fell below the support of 44068 and then had an intraday rejection. We also went with a bearish view for today. The first thing the gap-up and the swing of 1st candle did was to breach the resistance. A +268pts ~ 0.61% open was more than adequate. Then till 11.55 - BankNifty was spiceless - no intent to move in either way. Then from 12.00 to 13.40 - we had pure magic. A rally of 407pts ~ 0.92% to break away from the support in style. We also came pretty close to taking out the swing high of 6th October - but the last 2 hours saw some profit-taking. BankNifty at its best - the options premium also started swinging in a wider range expecting more firepower. On the 1hr candle, we are out of bearishness but I am not bullish yet. Yes, today’s price action gives it a lot of momentum - but we need to retest the 44628 to 44731 levels and break it for bullish momentum to spike. I wish to change my stance from bearish to neutral till we get more clarity. Since we have the weekly expiry tomorrow - I hope the options premium will jump just like we did today, otherwise the options selling will not bring good bang for the buck.
NSE:BANKNIFTY
by viswaram
Banknifty Intraday Prediction Levels for 10 Oct 2023Banknifty Intraday Prediction Levels for 10 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- 43955,44022,43120,44310,… Major Supports- 43830,43790,43700,43630,43500,43300,… 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 Intraday Prediction Levels for 9 Oct 2023Banknifty Intraday Prediction Levels for 9 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- 44433,44510,… Major Supports- 44277,44110,43900,43700,… 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 Technical Analysis for Tommorw **Bank Nifty Technical Analysis for 10/10/23** **Support Levels:** * 43770 * 43500 **Resistance Levels:** * 44449 * 44900 **Overall Bias:** Bearish **Analysis:** Bank Nifty broke its support level of 43995 on October 9, 2023, and closed below it. This indicates that the bears are in control and the index is likely to fall further in the short term. The next major support level for Bank Nifty is 43770. If the index breaks this level, it could fall to 43500 or even lower. On the upside, the immediate resistance level for Bank Nifty is 44449. If the index manages to close above this level, it could rally to 44900 or even higher. However, the overall bias for Bank Nifty is bearish. This is because the market is in a downtrend and the index has broken a key support level. **Trading Strategy:** Traders can sell Bank Nifty at the current levels with a stop loss above 44449. The target for this trade is 43770 or 43500. Traders can also buy Bank Nifty at 43770 with a stop loss below 43500. The target for this trade is 44449 or 44900. It is important to note that this is just a technical analysis and traders should always do their own research before making any trading decisions.
NSE:BANKNIFTY
by santubittu
BNF Bullish ReversalAnalysis and Prediction Based on the chart, the BANKNIFTY index is in a bullish trend in 1h. The price is near the Extrem orderblock , after both side liquidity in LTF. This suggests that the bulls are in control, and the index is likely to continue to rise in the short term. Thought Process If I were a trader, I would be looking to buy BANKNIFTY after recent swing high at 44,616.10. are taken out and give a change of character in Lower time frame . I would place a stop loss below the recent swing low at 44,559.60 and target a move to 10R Explanation of SL and Target SL stands for stop loss. It is an order to sell a security at a specific price to limit your losses. In this case, I would place a stop loss below the recent swing low at 44,559.60. This means that if the price of BANKNIFTY falls below 44,559.60, I would automatically sell my position to limit my losses. Target is the price at which you plan to sell your security for a profit. In this case, I would target a move to the recent swing high This means that if the price of BANKNIFTY rises I would automatically sell my position to take my profits. Conclusion I believe that BANKNIFTY is bullish, and I am looking to buy on a pullback after a CHOCH in LTF . I would place a stop loss below the recent swing low and target a move to the recent swing high .
NSE:BANKNIFTYLong
by Sri_Dahima
Banknifty TradeSetup for 06-10-2023BankNifty important levels to watch are as follows #Support: 44180 Sell below: 44180 only on 15 minute candle closure below the level. Target 1: 44050 Target 2: 43850 #Resistance: 44390 Buy Above: 44390 only on 15 minute candle closure Above the level. Target 1: 44525 Target 2: 44740 => # 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
J&K Bank On Neck BO on Daily ChartAn on Neck BO hsa been confirmed on the daily chart of NSE:J_KBANK One can create a fresh position in the scrip near cmp of Rs. 92.85 or below with stop loss of Rs. 84 for the traget of Rs. 101/109 Exit the position if the stop loss is triggered on DCB. If you agree with the idea then hit the airplane icon and don't forget to follow me to get all the latest updates. Post your comments and queries. Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:J_KBANKLong
by raigvivek
RBI Policy Day, Market can volatile, Bank Nifty levels 6th OCT Good Morning Guy's Banknifty opened on gap up but witnessed consolidation for most of the day and closed at 44213, On the hourly chart, indicator showing positive divergence and crossover, which is bullish sign in Banknifty. We can expect Banknifty towards 44800/45000 in coming days. GIFT nifty also showing gap up opening, global market is looking good, we can see greenery in most of the major indices. And we have an even also today (RBI POLICY) so market will be highly volatile, so guy's trade carefully, and go with less qty. Important levels for Bank nifty:- Support zone 43800 Resistance zone 44600 Buy above 44385, if levels sustains at least for 15 mints Targets we can see in upside 44506/44655 Keep stop loss at 44139 Sale below 44139, if levels sustains at least for 15 mints. Targets we can see in downside 44022/43893 Keep stop loss at 44385 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 6 Oct 2023Banknifty Intraday Prediction Levels for 6 Oct 2023 The chart indicates 15 min time frame. These Levels are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone. Resistance- 44320 Support- 44110 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 For tomorrow analysis **Technical Analysis for Bank Nifty - October 6, 2023** **Support Levels:** 44100, 43995 **Resistance Levels:** 44414 **Overall Analysis:** The Bank Nifty is expected to trade in a range tomorrow, with support at 44100 and 43995, and resistance at 44414. The index is currently trading in a range between 44000 and 44400, and it is likely to remain within this range until there is a clear breakout to either side. If the market breaks above 44414 and closes with a bullish green candle, then it could lead to further upside movement towards 44600 and 44800. However, if the market breaks below 43995 and closes with a bearish red candle, then it could lead to further downside movement towards 43800 and 43600. **Trading Strategy:** * **Bullish Traders:** Buy above 44414 with a stop loss below 44360 and a target of 44600. * **Bearish Traders:** Sell below 43995 with a stop loss above 44050 and a target of 43800. **Risk Management:** * It is important to always use risk management techniques when trading, such as stop-loss orders to limit your losses. * It is also important to trade with a small percentage of your capital on each trade. **Disclaimer:** This is just a technical analysis and does not constitute financial advice. Please do your own research before making any trading decisions. **Additional Analysis:** The Bank Nifty is currently trading below its 200-day moving average, which is a bearish sign. However, the index is also trading near its support at 43995. If the index is able to hold above this support level, then it could lead to a bounce back towards its resistance at 44414. Traders should watch the price action around the support and resistance levels mentioned above. If the market is able to break out of either of these levels, then it could lead to further movement in the direction of the breakout.
NSE:BANKNIFTYLong
by santubittu
Banknifty Trade setup for 05-10-2023BankNifty important levels to watch are as follows #Support: 43880 Sell below: 43880 only on 15 minute candle closure below the level. Target 1: 43780 Target 2: 43620 Target 3: 43475 #Resistance: 44045 Buy Above: 44045 only on 15 minute candle closure Above the level. Target 1: 44140-44155 Target 2: 44290 Target 3: 44470 => # 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
FASP levels for Bank Nifty 05/10/2023The FASP for BankNifty is listed for 05-10-2023. 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