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Bankniftytrading

11 Sep ’23 Post Mortem on BankNifty - some more ground to cover BankNifty Analysis Banknifty had a long call for today even though the I-CRR news would have impacted it more than Nifty50. One of the reasons is the distance left to ATH vs Nifty50. BankNifty had more distance to cover the ATH and for this reason I had the continuation of bullish stance from Friday. The strength in BankNifty was obvious when NiftyIT started giving up some gains. It was BankNifty’s persistence that kept Nifty surging ahead and finally helped it take out the all time highs. Once Nifty got its boost, even NiftyIT started contributing. During the last 1hr the boost Nifty50 got from all the sub sectors was humongous. For this same reason there could be some shaving off tomorrow unless BankNifty keeps firing. BankNifty has to catch up 691pts ~ 1.52% to take out its personal ATH. If this comes by tomorrow - then Nifty50 will also remain in green. Ideally it should. I wish to continue my bullish stance in BankNifty for tomorrow and expect a turbulent FinNifty especially for the near ATM calls.
NSE:BANKNIFTYLong
by viswaram
FASP levels for Bank Nifty 11/09/2023The FASP for BankNifty is listed for 11-09-2023. 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
08 Sep ’23 Post Mortem on BankNifty - Stance is still bullishBanknifty was also continuing from the momentum it got from the last hours of 6th Sep. We had an intraday rally of 563pts ~ 1.26% to hit a new swing high of 45383. Again the bulk of the contribution came from HDFCBK. The candles at 14.30 & 14.35 took out some steam or else the 45400 levels may have been breached today. Those 2 candles are the reason why I am a bit cautious for Monday - as I said in the Nifty analysis above, I need to wait and watch how the market reacts to the I-CRR partial withdrawal news. The important levels have been highlighted in orange horizontal lines. 44967 is already taken out today, the next resistance is 45398 and then 45719. BankNifty has a bit more ground to gain with respect to Nifty to take out the ATHs. Any positive news on the I-CRR will give it more wings, whereas negative news might create a huge fall. Since we are dependent on fundamentals on Monday - it is best advised to stay out. Technically I wish to maintain the bullish bias and hoping for a close between 45398 and 45719 on Monday.
NSE:BANKNIFTYLong
by viswaram
Banknifty daily analysis for 08/09/23.Banknifty has given a nice marubozu candle on the daily charts and there is a bullish mat hold pattern. It broke the resistance zone of 44650 levels and has travelled to touch the resistance of 44900. Banknifty has given a nice up ward move from the first hour after retesting 44350 levels. On the hourly charts, there is a bullish moving averages cross over and market held onto take support from the moving averages. A nice 1% move is there in banknifty and it was stronger than nifty. Now the major resistance area is around 45000-45100 levels and if it is cleared than the bullish trend will be confirmed. Support :- 44650, 44500 Resistance :- 44910, 45080, 45350 Watch banknifty moving above 45000 levels, once the levels are cleared and market sustain above it, there are chance of a nice upside targets. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
07 Sep ’23 Post Mortem on BankNifty, change in stance to bullishBankNifty Analysis The real reason Nifty50 outperformed in the last 90 minutes was BankNifty. Even NiftyIT contributed, but since the weightage of banking stocks are higher - that made a real difference. BN rallied an impressive 512pts ~ 1.16% from the lows to the highs today. You might remember the 1hr chart we discussed yesterday, as long as banknifty was staying beneath it - the sentiment would have been bearish. And the moment it broke-out from that trap - it got additional wings. The reason 14.15 candle went up 221pts could be because of that. It is like the whistle from the pressure cooker - when the steam builds up ample pressure, it lifts the whistle and oozes out. The next resistance points are at 45353, 45727 & 46069. We will get to know tomorrow if the build of steam is good enough to cruise through. I wish to change my stance from neutral to bullish for tomorrow.
NSE:BANKNIFTYLong
by viswaram
FASP levels for Bank Nifty 07/09/2023The FASP for BankNifty is listed for 07-09-2023. 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--Gap Down or Gap Up??Price is rejected from the trendline again and closed exactly at the trendline... Price is given us discount @44250 level. if tomorrow breaks this trendline, it will not test this trendline immediately... It will reach any one of the resistance and then come back... If opens downside...we will wait for an up move or downside continuation... If a gapdown occurs sellers may exit or continue to take it down...we have to wait and see what happens. If they want to break it...price will open above and continue to move upwards..and then back to the trendline from the above resistances. will see it in the next session.
NSE:BANKNIFTY
by IIT-Trader
1
06 Sep ’23 Post Mortem on BankNifty & Weekly Expiry AnalysisBankNifty Weekly Expiry Analysis Between the last expiry and today, banknifty got only 4 trading sessions. The last expiry was on Thursday and from this series we have weekly expiries on Wednesdays now. We have gone up by 405pts ~ 0.92pts although the chart doesnt give you that impression BankNifty Today Analysis Banknifty had some strange price behaviour today. Firstly it was its first independent expiry after having moved out from Thursdays to Wednesdays. Strange because except HDFCBK every other bank was in the red. Price wise we fell 0.83% ~ 368pts with the low point being 44207. HDFCBK with its 41% weightage on banknifty can single handedly dictate the terms. Firstly I am not very sure all the banks were falling today & HDFCBK outperforming by a huge margin. This screenshot was taken at 11.54 and see the anomaly. On the 1hr TF banknifty is still respecting the triple top formation made on the descending trend line. I had a neutral call yesterday and would like to maintain the neutral stance till this status quo is maintained. If BN falls below 44068, I would prefer to go bearish. And if it goes past 44900 we can expect more bullishness.
NSE:BANKNIFTY
by viswaram
Banknifty Expiry TradeSetup for 06-09-2023Banknifty important levels to watch are as follows #Support: 44445 Sell below: 44445 only on 15 minute candle closure below the level. Target 1: 44320 Target 2: 44200 #Resistance: 44575 Buy Above: 44575 only on 15 minute candle closure Above the level. Target 1: 44650 Target 2: 44780 #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.
NSE:BANKNIFTY
by InvestyourAsset
05 Sep ’23 Post Mortem on BankNifty - Neutral till 44900 brokenBankNifty Analysis Although having all the conditions in its favor, BankNifty did not rally today. The 5mts candle at 10.15 which took out 115pts was trying to tell a story. In fact we dropped a total of 267pts from the high to the low of the day. From the lows BN managed to climb back 140+ points but I am still unable to decode the directional intent. That is mainly because on the 1hr TF, Banknifty has almost made a triple top kind of pattern on a descending line. I wish to maintain my neutral stance for tomorrow and wish to go bullish if 44900 is getting taken out tomorrow. If we drop to 44068 levels, I would prefer to wear the bearish shorts again.
NSE:BANKNIFTY
by viswaram
FASP levels for Bank Nifty 06/09/2023The FASP for BankNifty is listed for 06-09-2023. 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
1
Bank Nifty future chart analysis for 05.09.2023As you can see here price is resting over atandard deviation one,which means it has a support just below it as median line and resistance above it as standard devition two.if it takes resistance around 44925, you can witness sideways and if it takes support at 44623 you can witness sideways. if it crosses above 44925 , it can again face strong resistance at 45014 (Red line), crossing above red line price may further move upside strongly and may reach to the level of 45322. if price goes below 44623 then it can face strong support at 44529 (*Purple Line), crossing below purple line price may be very weak and reach to the level of 44288.
NSE:BANKNIFTY1!
by stoxway
FASP levels for Bank Nifty 05/09/2023The FASP for BankNifty is listed for 05-09-2023. 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
04 Sep ’23 Post Mortem on BankNifty - 60% neutral 40% bullishBanknifty on the other hand had a freakish open and first 5mts move. Few of the OTM strike premiums shot up above 100% above the previous close values showing either low liquidity or very high speculation. We even fell 0.77% ~ 345pts between the open and 10.35 and the price action was indicating further weakness. But just like Nifty got support, BankNifty also turned right at this level. We climbed back 277pts ~ 0.63% from there, but the bullish intent was not as strong as Nifty. The 2nd swing did not take out the day’s high set at open unlike Nifty. BankNifty may need some stronger thrust to go fully bullish, currently it is in the process of forming a triple bottom or break-out from a double top pattern. I would like to wait for some more signals before going fully bullish. At present I am 60% neutral and 40% bullish for tomorrow. Since we have FinNifty expiry tomorrow and BankNifty expiry on wednesday (Its first wednesday expiry after the NSE changes) - it may look interesting if we pick up some premiums by tomorrow. The best way for that is to have some violent moves.
NSE:BANKNIFTY
by viswaram
Banknifty daily analysis for 05/09/23.There was gap filling trade in the very first hour of the session and after that market slowly started to gain up side momentum. Banknifty tested the 20 ema on daily charts and has finally closed above the levels. On the hourly charts, it took support around 200 ema and couldn't clear the 19600 level and constantly took rejection from the level. Trending market are not be seen in last few days. Just watch the market and create small position as to preserve your capital On 15 minute time frame, market took support from 20 and 200 averages in a single candle and reversed forming a morning star pattern. Support :- 44330, 44100 Resistance :-44590, 44750, 44910 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty Intraday TradeSetup for 04-09-2023Banknifty important levels to watch are as follows #Support: 44400 Sell below: 44400 only on 15 minute candle closure below the level. Target 1: 44200 Target 2: 43960 #Resistance: 44570 Buy Above: 44570 only on 15 minute candle closure Above the level. Target 1: 44740 Target 2: 44960 #Demand Zone: 43700-43950 may act as a strong buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 44820-44960 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #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.
NSE:BANKNIFTY
by InvestyourAsset
FASP levels for Bank Nifty 04/09/2023The FASP for BankNifty is listed for 04-09-2023. 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
Confuses Market Right Now AS Per Day Candle Time Frame Bank Nifty Show Bullish Like Market Get Support And Nearby High is 44700 Market Ready To Break this Because one Bullish Candel Make In Day time Frame And For 15 Mint Time Frame We Saw a Big Support Zone In the Market 44100 and 44000 Market. For tomorrow if the Market shows Positiveness then Like Break 44700 then We Can Plan For a Buying or Bullish Trade. Otherwise, Wait For a breakdown Down Below 44100 or 44000 And need to sustenance Market if the Market sustenance Above or Below Any Support or Resistance Zone Then the Market sets a trend again OIDATA AS PER OI Data Market Has 44500 Resistance. For Downside Big Support is 44000 but the market can support at 44100/44200 because as per Oi pe data more than ce so Market Can Support if falls. FI/DI DATA Retail CE /PE Bearish Future Bullish DII- Future Bearish CE=nil PE-Bearish FII- Future / Pe -Bullish CE- Bearish
NSE:BANKNIFTYLong
by santubittu
Banknifty Intraday levels 01/Sep/23Good Morning Traders. In yesterday sessions Banks played a key role in driving the market on the downside for yet another session. Bank NIfty fell below 44000, down 243 points at 43989 and formed a bearish candlestick pattern on the daily timeframe. Broader Market is doing good just Indian Market doing blood bath. Well we have seen a strong Volume addition in last one hour of trading. Let's see if today we can see some recovery in indian market. Important levels for Banknifty:- Support zone 43800-43900 Resistance zone 44100-44200 Buy above 44172, if levels sustains at least for 30 mints. Targets we can see for upside 44365/44497 Keep stop loss at 44044 Sale below 43893, if levels sustains at least for 30 Mints. Targets we can see in downside 43760/43640 Keep stop loss at 44044 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