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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
BANK NIFTY -Target Levels- TUE-26.09.23Bank Nifty Spot : 44612 Watch Option Strike : 44700 CE & 44700 PE 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.. 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.. Kindly Follow My Channel & Like Your Support in My Idea. BY : newsbharathi27040.
NSE:BANKNIFTY
by market1tomorrow
25 Sep ’23 Post Mortem on BankNifty - bear below 45399BankNifty Analysis The real reason Nifty50 went sharply up from 11.00 to 13.30 was due to banknifty. In the same period BN added 534pts ~ 1.20%. The spikes in most banks did not have a natural rhythm to it. Most likely this may be due to some news event. I was not able to find any relevant trigger post market hours also. The chart patterns were similar on ICICI, AXIS and SBIN whereas HDFCBK went in the opposite direction. KOTAK was immensely strong today. If you look at the 1hr chart it still shows weakness - the hourly candle at 13.15 is a strong evidence for that. Even though we had 2 good green candles prior to that - the bears managed to drive down the price @ 13.15. 14.15 the bulls managed to drive the prices back up, but did not get full strength. 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. I would prefer to change my status to neutral only if we have a range bound trade tomorrow also.
NSE:BANKNIFTYShort
by viswaram
BankNifty Trade Setup for 25-09-2023BankNifty important levels to watch are as follows #Support: 44550 Sell below: 44550 only on 15 minute candle closure below the level. Target 1: 44400 Target 2: 44200 #Resistance: 44675 Buy Above: 44675 only on 15 minute candle closure Above the level. Target 1: 44800 Target 2: 44950 #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 Trade Setup for 22-09-2023BankNifty important levels to watch are as follows #Support: 44600 Sell below: 44600 only on 15 minute candle closure below the level. Target 1: 44410-44400 Target 2: 44220-44200 #Resistance: 44720 Buy Above: 44720 only on 15 minute candle closure Above the level. Target 1: 44850 Target 2: 45040 #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
More weakness ahead in Bank Nifty | Intraday levels 22/Sep/23Good Morning Traders. Guy's Banknifty fell 761 points in yesterday's session. It plunges almost 1.7% in just intraday and end at 44624 and formed a long bearish candlestick pattern on the daily time frame. Banknifty fell down below 45000 mark for the first time in several days. Relative strength index signalled bearishness with a bearish crossover on the daily timeframe. In the short term, the index can move towards 44000 at the lower end, while encountering resistance at 45000 at the higher end. Global cues are also showing huge bearishness inmarket let's see how our market going to behave. Important levels for banknifty: Strong support zone 44000 Strong Resistance zone 45000 Buy above 44764, if levels sustains at least for 30 Mints. Targets we can see in upside 44924/45124 Stop loss will be 44610 Sale below 44370, if levels sustains at least for 30 mints. Targets we can see in downside 44218/44000 Keep stop loss at 44610 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 TradeSetup for 21-09-2023 BankNifty important levels to watch are as follows #Support: 45300 Sell below: 45300 only on 15 minute candle closure below the level. Target 1: 45130 Target 2: 44870 #Resistance: 45460 Buy Above: 45460 only on 15 minute candle closure Above the level. Target 1: 45690 Target 2: 45980 #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 movement will be decide by HDFC Bank!!!!Bank Nifty again at important levels because of HDFC Bank & ICICI Bank. These 2 will decide in which direction this index move. I sense HDFC Bank will be in side ways or move in range till it's result. After result market will decide that merger HDFC Bank is hit or flop till than some negative & sideways move will be there. Do not forget US market also they will do something crazy in coming time. HDFC Bank range from last year 1500-1720 (strong support 1500-1520) ICICI Bank support 920-944 negative below 920 only Trade with stoploss. Happy Trading
NSE:BANKNIFTY
by K_Dyadav
Expiry Special Analysis on Bank Nifty || Hero Zero Trade Good Morning Everyone. Banknifty Declined 252 points on last trading session due to profit booking in last hour and given closing at 45980, and formed a bearish candlestick pattern with a minor upper shadow on the daily timeframe. Today Global market looking mix to bearish side. We can also see kind of similar market in today's session. if bank nifty hold 45800-45750 levels in today's session, then we good to go towards all time in next few trading session, otherwise we can see nifty 45500 levels. According to me we can see buying somewhere support zone 45800. Let's see what is going to happen, we will just according to price action and OI data. Important levels for Banknifty:- Support zone 45750-45800 Strong support zone 45500 Resistance zone 46100-46200 Strong Resistance zone 46400 Buy above 46130, if levels sustains at least for 15 mints. Targets we can see in upside 46251/46393+ keep stop loss at 45800 Sale below 45800, if levels sustains at least for 15 mints. Targets we can see in downside 45691/45519 Keep stop loss at 46130 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