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Banknifty weekly expiry analysis for 04/10/23.Banknifty has been trading in a range and closed in the same range losing 185 points. After the first hour fall the market consolidated and remained inside the first hour candle. On the hourly charts, market has closed below both the moving averages. Market has been consolidating for a few day and tomorrow is weekly expiry. Even on the smaller time frame, market has closed below both the moving averages and closed just around the 20 ema. Support :- 44240, 43900 Resistance :- 44730, 44970 The option buyer have been facing losses for few days and tomorrow being a weekly expiry there are chances of a trending move. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty Trade Setup for 03-10-2023BankNifty important levels to watch are as follows #Support: 44535 Sell below: 44535 only on 15 minute candle closure below the level. Target 1: 44350 Target 2: 44215 Target 3: 44100 #Resistance: 44740 Buy Above: 44740 only on 15 minute candle closure Above the level. Target 1: 44860 Target 2: 45050 Target 3: 45200 => # 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
BANK NIFTY- Target Levels- TUE-03.10.23Bank Nifty Spot Price : 44584.6. - INDIA VIX SPOT Price : 10.68 % - Nifty Daily Range : 44335 To - 44834 - Watch Option Strike : 44600 CE Draw & Watch The Target Points : 204--- 227--- 284--- 341--- 397--- 454---- 511---- 568 +++ Watch Option Strike : 44600 PE Draw & Watch The Target Points : 236--- 262 --- 327---- 392--- 458--- 523---- 589---- 654 +++ 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,. 3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss.. 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.. 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 in My Idea. This Is My Trading Phychology Of market1tomorrow
NSE:BANKNIFTY
by market1tomorrow
3rd Oct ’23 - A double M pattern, Quadruple top - BankNiftyBankNifty Analysis For today I had a neutral stance instead of a bearish one - mainly because we made a double bottom pattern in the last session. But the opening 5mts candle simply negated that in one go. Still, Banknifty was staying relatively strong versus Nifty. Both of them did break the swing low - but BankNifty’s recovery was more convincing. Bulls should not take it as a good sign - because the fall and the recovery look like an inverted flag. Since it's on 5mts TF - it may not have that much significance yet. On the 1hr TF - the W pattern stands negated. We now have an M pattern. If the preceding peaks are considered with a bearish tint - we have a double M pattern or a quadruple top. The only relief for the bulls is that the index is not making a lower low. For tomorrow I wish to change my stance from neutral to bearish and hope that the 44068 gets taken out.
NSE:BANKNIFTYShort
by viswaram
BANK NIFTY -Target Levels- WED-04.10.23Bank Nifty Spot Price : 44399 - INDIA VIX SPOT Price : 11.81 % - Nifty Daily Range : 44069 To - 44729- Watch Option Strike : 44400 CE Draw & Watch The Target Points : Watch Option Strike : 44400 PE 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,. 3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss.. 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.. 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. This Is My Trading Phychology Of market1tomorrow
NSE:BANKNIFTY
by market1tomorrow
Bank Nifty future chart analysis for 03.10.2023As you can see here that price closed near median line, taking support on it, if it opens at the same area then,you may see a sideways again, if it crosses above 45019 then you may see a broad area burst which may not sustain for long time you can short again if you see any rejection in upside. if it crosses above 45179, then you may see a short covering and price may go much higher. if price goes below upside trend, as you can see that its already broke it and taking support above it , if it breaks down again then you may price testing its previous low if it goes down below 44740, then it may take support on 44597, crossing below 44597 price may go much lower side. after achieving its full target.
NSE:BANKNIFTYV2023
by stoxway
Banknifty TradeSetup for 29-09-2023BankNifty important levels to watch are as follows #Support: 44345 Sell below: 44345 only on 15 minute candle closure below the level. Target 1: 44275 Target 2: 44160 Target 3: 44960 #Resistance: 44465 Buy Above: 44465 only on 15 minute candle closure Above the level. Target 1: 44540 Target 2: 44660 Target 3: 44850 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section. #If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea. #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 weekly analysis for 03/10/23.Banknifty on the monthly chart has formed a gravestone doji and formed a double top pattern on the weekly charts. Index has reversed from the ATH high is yet to created a new all time high as the other index has formed. The market has formed a doji candle on the weekly charts after a 3.5% fall in the previous week. Market is consolidating in a similar range and has been trading in between both the moving averages on the daily charts. A trending week or month is possible as per the technical analysis and intraday trades can be carried forward if the chart pattern or break out/down suggest. On the hourly charts, banknifty has closed between both the moving averages. 44250-44700 is a no trading zone for this week as market is holding these levels. A break out/down after a consolidation phase is powerful. Watch for a opportunity and trade accordingly. Support :- 44250, 43900 Resistance :- 44730, 44970 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty BuyMonday's market is unpredictible. cauz, market did take up selller lequidity & buy got stoped out ( profit bookig and traling SL) there are only sellers left in the market but not freash selling position so, market does't have any money to go ethir way so, market will trap every retailer both who will look for selling and buying best possible situation now is market will open gap up and then trap buyer then comes down to take sellers money then give a big cendel upside to take out everybody less possible situation market will open low and take out all the buyer then the as sellers come it will take there Sl and continue downward trand but if market opens nutrul then totally avoid trading cauze last 3 days ends in consolidation so market has high theta and low IV. could trade if market crosses my levels in high lequidity As, For MY VIEW Looking to buy in first 2 to 3hours then watch Price Action
NSE:BANKNIFTYLong
by samantamonojit98
29th Sep ’23 - W pattern on 1hr TF - PostMortem on BankNiftyBankNifty Analysis The main reason Nifty50 moved up instead of falling was BankNifty. The opening was strong and gain BN held its ground. Today’s low much higher than yesterday’s close. From that level we rallied 408pts ~ 0.92% to hit a high of 44756. Unlike N50, BN retested yesterday’s high and then reversed from there. My report yesterday was on the bearish side - but today’s price action is advising me to go neutral. The intraday move on NiftyIT should not go unnoticed - we climbed an impressive 1.59% ~ 501pts. Meanwhile RELIANCE also started contributing heavily between the 10.45 to 13.30 period. Overall it was a strong rally but was cut short at 14.30 On the 1hr TF BankNifty has made a W pattern which is seriously challenging the bear run. For the next working day i.e Tuesday I wish to go with a neutral stance and then modify to bullish if we take out the 44860 in the morning session.
NSE:BANKNIFTY
by viswaram
Banknifty Tradesetup For 28-09-2023BankNifty important levels to watch are as follows #Support: 44620 Sell below: 44620 only on 15 minute candle closure below the level. Target 1: 44550 Target 2: 44430 Target 3: 44320 #Resistance: 44735 Buy Above: 44735 only on 15 minute candle closure Above the level. Target 1: 44800 Target 2: 44925 Target 3: 45000 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section. #If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea. #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 buyAs market did't showed any bearish pressure and a slow down movement & market did't trapped any buyers today after opening So, as there are less sellers the market will grab sellers lquidity to go up So, theres no lquidity for the market to go down So 44000 area will act as a major support for buyers and also a trap zone for the buyers wait for price to close below 44000 area and then look for an opertunity to buy. market will start down tomorrow to take the sellers lquidity and to stop out buyer then market will continue a buying side rally. ( at least need 1 expairy ) but if sellers dose not come and market reverse itself before touching 44000 then a buyers liquidity take will start a bear rally.( at least need next week ) but as for tomorrow only looking for buy.
NSE:BANKNIFTYLong
by samantamonojit98
28 Sep ’23 Post Mortem on BankNifty - Quarterly, Monthly, ExpiryBankNifty Quarterly Report Banknifty is down -123pts ~ 0.28% in this quarter i.e between 28th Jun 2023 to 28th Sep 2023. It had formed a head and shoulders pattern till 16th Aug - but there was no followthrough. A second H&S pattern is underway as the first shoulder formed on 24 Aug and the head by 15th Sep. If you look at the heads of both H&S together - it resembles a double top formation as well. BN has bucked the trend this quarter and closed in loss vs nifty which went up by 2.89%. During this period we hit a new ATH of 46369 on 21st July which is still untested. BankNifty Monthly Report In the current month i.e between 31st Aug to 28th Sep 2023, BankNifty is up 214pts ~ 0.49%. The driver of the rally being the I-CRR news which helped BN overcome a falling wedge formation. BankNifty Daily Report Recap from yesterday: “Banknifty is still in bear territory and has to climb above 45399 to regain the bullish bias. Looking at the chart, I am not in favor of going neutral too — maybe the length of RED candles is clouding my judgment.” Going today with a bearish view looked totally stupid till 10.20 after which the play went according to the script. Yesterday’s up move might have prompted many analysts to change their view from bearish to bullish. I was not convinced with the move yesterday - in fact, I was totally frustrated as could not find a genuine reason why we rallied. After seeing the fall today - I feel quite relieved. Intraday we fell 1.14% ~ 508pts - but we did not break yesterday’s swing low of 44182. Also the closing was only 0.64 ~ 287pts down compared to Nifty which closed with losses of 0.98%. I must say Banknifty held its ground quite strong today. Even though the India VIX went up 10.68% today - the implied volatility on BN was far lesser. A look at the PE option prices reveals the story - none of the traders were expecting more than 500pts fall today. On the 1hr chart I am still bearish with the first target of 44068. The stop and reverse level will be 44860 above which I will be forced to change the stance to neutral. If BN manages to break 44068 tomorrow the next level in play will be 43600 which is also the swing low of 16th Aug.
NSE:BANKNIFTYShort
by viswaram
27 Sep ’23 Post Mortem on BankNifty - Still in bear's territoryBankNifty Analysis For BankNifty I had a bearish view today. The day started exceedingly well with a gap down and then a fierce 479pts ~ 1.07% fall w.r.t the previous close. Just like Nifty, BankNifty also started rallying right at 10.35. BN ended up gaining 483pts ~ 1.1% and ended the day with just -35pts loss. Just like I mentioned in the Nifty analysis above, I wasn't planning for this reversal move - I was just like a deer caught in headlights. Banknifty is still in bear territory and has to climb above 45399 to regain the bullish bias. Looking at the chart, I am not in favor of going neutral too - maybe the length of RED candles is clouding my judgment. 44068 is the main support to watch out for.
NSE:BANKNIFTYShort
by viswaram
Bank nifty intraday levels 27/Sep/23Good Morning Traders. We saw a range bound market in Nifty and BankNifty since two days, Bank nifty has formed a inside Bar pattern on the daily chart. As market is oversold, we can expect a pull back towards 45000-45150 levels. Guy's Hourly chart also showing positive crossover, i think bullish moment is expected in banknifty, but global market is showing bearishness let's see how we are gonna to act, GIFT Nifty also indicating a negative opening. Important levels for Banknifty:- Strong Support Zone 44400 Strong Resistance Zone 45000 Buy above 44757, if levels sustains at least for 15 mints. Targets we can see in upside 44879/44990 Keep stop loss at 44605 Sale below 44605, if levels sustains at least for 15 mints. Target we can see in downside 44516/44415 Keep stop loss at 44757 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
September27 direction and levels for #Banknifty"Good morning, friends! As of September 20th, there has been no change in the global market sentiment. Dow Jones still exhibits a negative sentiment, while our market trend remains moderately bullish with a 'C' pullback wave structurally. However, if the market opens with a gap-down, Monday's range will serve as a range-bound boundary. In my personal opinion, even if it breaks yesterday's range, the market may reject immediate levels, suggesting there won't be significant moves. We can anticipate a directional move only if it breaks through immediate support or resistance with minor consolidation."
NSE:BANKNIFTY
by Manickamtraders
26 Sep ’23 Post Mortem on BankNifty - Bearish stance continues.BankNifty Analysis Yesterday I had a bearish call for banknifty, recap: “My first target of 44451 was hit — but it was not enough to build up momentum. As long as BN stays below 45399 I wish to maintain the bearish call. This is in spite of the day ending with a gain of 154pts.” If you look at the 5mts chart pattern, its hard to notice the bearishness, but if you switch to a higher time frame - it will get more obvious. The only limitation being the lower low is still not taken out. The move yesterday has not taken out the last lower high. I wish to continue the bearish sentiment as long as the lower high is not taken out on the 1hr TF. Totally accept the fact that this down move has not been an inspiration for the bears yet - but my advice to them would be to wait till 44068 is broken.
NSE:BANKNIFTYShort
by viswaram
bankniftyas conslidation areas are uncertain 60% nutral 40% upside todays market nutral as expected to gain theta of buyers there are a few sellers in the market at the flip zone if market starts up avoid it as it will creat lequidity for sellers to enter and trap them in the process.in a range bound market if starts below then a sweep of major buyer zone will create tarp for sellers and gain lequidity to go upside so a nutral markets where market traps everyone to go up sound probeble. but a bull markets as the are no sellers and a trapped buyers and a exit from the buyers will creat lequidity for market to go up sound fair.
NSE:BANKNIFTY
by samantamonojit98
5
Banknifty Trade Setup for 26-09-2023BankNifty important levels to watch are as follows #Support: 44620 Sell below: 44620 only on 15 minute candle closure below the level. Target 1: 44480 Target 2: 44250 #Resistance: 44780 Buy Above: 44780 only on 15 minute candle closure Above the level. Target 1: 45000 Target 2: 45250 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section. #If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea. #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
4
#september26 levels and direction for #Banknifty"Good morning, friends! As of September 26th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. Our market trend is moderately bullish, but there is some structural bending in the 'C' pullback wave. So, if it opens gap-down, yesterday's range will act as a range-bound boundary. On the other hand, if it breaks either to the upside or downside, you can set your target at immediate levels. Here, my personal opinion is that even if it breaks yesterday's range, the market may reject the immediate levels, indicating that there won't be significant moves. We can expect a directional move only if it breaks the immediate support or resistance with minor consolidation."
NSE:BANKNIFTY
by Manickamtraders
Bank Nifty - Daily analysisAfter four trading sessions, the Bank Nifty found support at the 44,400 level and concluded the day on a positive note. For the Bank Nifty to sustain this momentum, it will be essential to overcome the resistance at the 45,000 level. Failing to breach this level could lead to a retest of support at 44,400. Given the prevailing weak global cues, there is a notable probability of a downward movement, potentially reaching support levels between 43,400 and 43,800. Should the current support level fail to hold, it could result in a significant Nifty drawdown, possibly in the range of -1% to -2%.
NSE:BANKNIFTYShort
by tradeGambler