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Bankniftytrading

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
01 Sep ’23 Post Mortem on BankNifty - stance is still neutralBanknifty on the other hand dipped first before reversing unlike Nifty which held its ground in its opening candle. We hit a low of 43830 before reversing in what looked like a dream run. The points gained an impressive 737pts ~ 1.68%. The bulk of the gains today came in 2 hourly candles @ 12.15 and 13.15 respectively as banknifty had the important milestone of 44068 to get past. Once that was broken out - the path and intent were clear. Today’s price action in general gave a strong sentiment change to banknifty. Since the resistance was taken out - the bears have been pushed to the back seat. I wish to maintain the stance of neutral till the 44896 swing high is successfully broken.
NSE:BANKNIFTY
by viswaram
31 Aug ’23 Post Mortem on BankNifty Monthly,Weekly,Daily ExpiryBankNifty Monthly Analysis In the Aug month, Banknifty is down an astounding 3.73% ~ 1708pts vs 1.97% of Nifty50. Again telling the tale in advance, Banknfity has proved to be the real leading indicator during trending phases & reversals. On 24th and 30th Banknifty tried to exit the bearish hold but faced rejections. And unlike Nifty, BankNifty does not have a bearish channel - it has to fall a lot more to fit into one. BankNifty Weekly Analysis Between the last expiry and today BankNifty has fallen 406pts ~ 0.91%. Most importantly they got the closing right at the support/resistance zone of 44068. BankNifty Daily Analysis Today’s price action gave some boost to the option prices. You might have noticed almost all the OTM strikes had a swing range much higher than the closing price of yesterday. Imagine how a far OTM could have a higher pricing even when the markets are not moving against it. The fall of 505pts ~ 1.14% between the HOD to the LOD made perfect sense, but the last 30mts pull back (encircled in blue) esp. by HDFCBK made no sense at all. The volumes were also amazing and looked like some weight rebalancing. This pull back of close to 180pts ensured banknifty is not technically in a bearish zone but a neutral one. We did highlight the double top pattern formed on the 1hr chart yesterday, but its true impact is yet to be felt. Since BankNifty managed to close right at the support level of 44068, I dont wish to start the day tomorrow on the bearish side. First I need to get validation that the buying seen on HDFCBK was some positional or rebalancing one and not fresh longs. You definitely know by now how even HDFCBK single handedly can influence this index. I wish to go with a neutral view tomorrow and wait for the market to give its next clue.
NSE:BANKNIFTY
by viswaram
5
FASP levels for Bank Nifty 01/09/2023The FASP for BankNifty is listed for 01-09-2023. 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
FASP levels for Bank Nifty 31/08/2023The FASP for BankNifty is listed for 31-08-2023. 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
30 Aug ’23 Post Mortem on BankNifty - Jio Fin starts Insurance?BankNifty Analysis The intensity of the fall was much more profound on BankNifty rather than Nifty. Right from the gap-up open the CE options premiums were commanding more premium than usual indicating a strong directional move. As soon as banknifty started falling this elevated premiums went away further indicating that the trader’s expectations were not matching. I would like to see the move as more of a long unwinding rather than fresh shorting due to this observation. We had a total intraday fall of 1.39% ~ 623pts. When the banks started falling, I thought it might be some news related to Jio Financials. With the funding and tie-ups they could even start a lending business along with the insurance. Since they have the Blackrock tie-up, starting a broking service is also quite feasible. On the 1hr TF, banknifty has just made a M pattern (double top) with a common support point. This makes the directional move probability for tomorrow quite lit up. I wish to stay neutral as long as the 44068 support is held, below which I would like to go short. To go long 44800 has to be broken again.
NSE:BANKNIFTY
by viswaram
FASP levels for Bank Nifty 30/08/2023The FASP for BankNifty is listed for 30-08-2023. 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
Bank Nifty future chart analysis for 30.08.2023If price goes above 44636, then it may easily reach to the level of 44779, if price takes resistance at 44779 then price may go sideways , crossing above 44779, price may be much stronger and may reach 44931 and above . If price goes below 44387 then you can see a burst and extreme weeaknes in price and price may go down to the l;evel 44101, special level is -44445 , if price opens near previous closing and goes below 44445, then you can go short.
NSE:BANKNIFTY1!
by stoxway
29 Aug ’23 Post Mortem on BankNifty - Bulls absent due to ONAM?BankNifty Analysis Yesterday I had a bullish call for banknifty, but we ended up the day flat. Although the bulls got the gap-up above the swing high of yesterday - they were unable to capitalize on it. Since there was that gap up, the slow but falling price action ensured that the index is not closing in red. Intraday we had a fall of 239pts ~ 0.54% which is nothing compared to the usual strength of banknifty. I was joking in our trading discord group that, today being the ONAM festival (regional festival of Kerala), the big-boys would have gone for the mega feast (sadhya) that they preferred not to swing the markets that hard. If we look at the 1hr chart, the bullish momentum should come soon. Firstly because the support is still strong and secondly we are out of the falling wedge. Today might have been a resting day probably - I am personally expecting some serious movements either tomorrow or by 31st Aug. I wish to maintain my bullish stance for tomorrow and would prefer to remain a bull till the support is not taken out.
NSE:BANKNIFTYLong
by viswaram
FASP levels for Bank Nifty 29/08/2023The FASP for BankNifty is listed for 29-08-2023. 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
28 Aug ’23 Post Mortem on BankNifty - support respected, bullishBanknifty was in tremendous form today, it seemed like it came prepared to rally today. Even though point wise we had only a 403pts ~ 0.91% intraday swing, the context was so important. Firstly banknifty defended the 44068 support below which it would have got a serious bearish bias. Secondly we had a breakout on 24th Aug where we went up till 44949. Today’s price action gave hope & meaning to it. Banknifty usually reacts first in a trend change, most likely if we have a strong session tomorrow due to Finnifty expiry (mostly banks) then Nifty is also likely to breakout from the bearish channel. On the 1hr chart Banknifty has broken out from the falling wedge and also rejected the support @ 44068. I wish to look out for bullish opportunities for tomorrow as long as the current structure is maintained. A breach of support 44068 will force me to change stance from bullish to bearish.
NSE:BANKNIFTYLong
by viswaram
Banknifty Tradesetup for 28-08-2023Banknifty important levels to watch are as follows #Support: 44138 Sell below: 44138 only on 15 minute candle closure below the level. scalpers may short below 44200 only for scalping. Target 1: 44000 Target 2: 43880 Target 3: 43780 #Resistance: 44356 Buy Above: 44356 only on 15 minute candle closure Above the level. Target 1: 44490 Target 2: 44670 #Demand Zone: 43950-44000 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 44300-44350 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
25 Aug ’23 Post Mortem on Banknifty - 60% neutral 40% bearish 🐻Banknifty made a strange pattern today, opening mega gap down and then breaking the support of 44068 by 10.30. And then climbing back to the open levels. From there it stayed in that tight range for the rest of the day. From an intraday fall of 1.07% it is quite commendable that banknifty was able to recover and close only 0.59% lower. I was not quite sure why banks weren't falling like other non financial stocks. Finally we have closed above the support zone of 44068 which is quite good for the bulls. The options flow was also indicating no major swings today, the premiums of the OTMs were like an ordinary Friday. I was hoping to make a good fortune today - but the premiums did not help. On the 1hr TF we have 2 island formations, the gap-up caused yesterday’s island and the gap-down caused today’s. Structurally BankNifty has not broken the bullish pattern from the breakout of falling wedge. Now all eyes are on the support level of 44068, if it holds then banknifty will resume its upward journey with much more vigor. If the support falls - then banknifty will follow nifty’s downtrend and overtake it in the coming week itself. I wish to go 60% neutral and 40% bearish for 28th Aug. If the support falls in the first hour of trade on Monday, I prefer to go all-in for shorts. Only if we take out the 44500 via gap-up then we need to think about a long position.
NSE:BANKNIFTY
by viswaram
FASP levels for Bank Nifty 25/08/2023The FASP for BankNifty is listed for 25-08-2023. 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
24 Aug ’23 Post Mortem on BankNifty, Bulls have the upper hand🐂BankNifty Weekly Analysis Between the last expiry and today, BankNifty has gained 595pts ~ 1.36%. This is exactly why I said banknifty works as a leading indicator to detect trend changes. If you notice carefully the outperformance has started in BN, not quite in N50 (up only 0.17% weekly). And in the turn of events today, BN held its ground - cheers for that ! BankNifty Daily Analysis Today’s price action was action packed just like Nifty’s. If you are an options trader a simple glance at the OTM premiums will help you understand what I am trying to say. Since we had a gap-up opening an implosion in implied volatility followed which killed the options premium. Once we hit the day’s high 44949 @ 09.45 and the reversal started - the options premiums (OTMs) started jumping unusually. And what followed was a strong profit taking I must say. We fell 513 pts ~ 1.14% from the HOD to the LOD today. The intensity of the fall 1.10% was the same as that of Nifty but a higher gap-up combined with a climb to the high of the day gave banknifty a better closing than expected. BN closed flat at 0.04% compared with N50 which fell 0.29%. Also on the 1hr TF banknifty is still bullish as the falling wedge pattern is untouched. As long as it stays this way, the momentum will pick in BN and a breakout will play out. On the other hand if we get into the falling wedge pattern even after the convergence, it results in an immediate support breach which is quite bad news for the bulls. Looking at the performance this week - the trend should favor the bulls wherein the Nifty bulls could play the catch-up. I prefer to maintain my bullish stance for tomorrow and will be forced to go directly to bearish if 44068 is taken out on the hourly candle.
NSE:BANKNIFTYLong
by viswaram
23 Aug ’23 Post Mortem on BankNifty | BN becomes a 🚀🚀🚀We will start with BankNifty today, because we had a reversal pattern today. According to me trend changes are first spotted on BankNifty and hence it works as a leading indicator. This is what I said in yesterday’s report: Also note that the falling wedge will converge tomorrow, so a strong up move is more dangerous. The bulls will use that opportunity to drive the prices up and it could even take out the 44800 levels in one go.I am not quite sure which of these scenarios will work for tomorrow. I am inclined to go with the bearish stance as its still under the resistance of 44068. What really happened today is Banknifty took out the resistance of 44068 by 11.05 and went all the way up to 44521. There was a swing of 567pts ~ 1.29% today. Literally BN became the rocket today. We did breakout from the falling wedge pattern and turned bullish. The same is shown on the 1hr TF, notice we had 4 hourly candles above the bearish trend line. This indicates a breakout usually. Also the candles at 10.15 and 12.15 (before and after the break) were strong enough suggesting a change in sentiment. Luckily we were prepared for such a scenario today and did not mess up with the existing short position. The reason I took up banknifty analysis before nifty is to show you that Nifty did not have a clean break today. Whereas BN did, the reason could also be due to the slope of the falling wedge. The convergence of the bearish trendline and the horizontal support happened today - so Banknifty had to either breakout or breakdown. Though I dont exactly know what change in fundamentals caused the breakout, from the technical analysis angle - the move did not come as a surprise. I wish to change my stance from bearish to bullish for tomorrow. If we fall below 44068 in the morning session, I might have to go bearish again.
NSE:BANKNIFTYLong
by viswaram
22 Aug ’23 Post Mortem on BankNifty - stance is still bearish 🐻The reason why we were bearish in the first place was the inability of BankNifty to take out the resistance of 44068. Today’s price action is the biggest proof on why it worked. If you notice the trades today, it was above or near this level till 13.40. Then banknifty started falling. And the final close came at 43950 - there was a noticeable fall of 160pts from 13.30 to close. On the 1hr chart, the trades below the horizontal blue line ~ 44068 is quite visible. If banknifty stays here for a considerable amount of time - then its a good sign for the bears. The momentum for further falls will pick up pretty fast. Also note that the falling wedge will converge tomorrow, so a strong up move is more dangerous. The bulls will use that opportunity to drive the prices up and it could even take out the 44800 levels in one go. I am not quite sure which of these scenarios will work for tomorrow. I am inclined to go with the bearish stance as its still under the resistance of 44068.
NSE:BANKNIFTYShort
by viswaram