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Bankniftytrading

Banknifty future chart analysis for 04.08.2023As you saw that price did not took support at median line and also broke standard deviation 1, if price goes below cuurent low you may see another burst in bollinger band . burst within burst in same side will pull down price to deep lower side. if price goes below 44597 , then you can see a good down move till 44179, but one special support level you have to keep in your the level 44473, price may take sudden bounce from here. Above -44893 , you may see new long positions and bitten down buying , which may later again fall. 45069strong resistance area above it price will achieve its full target.
NSE:BANKNIFTY1!
by stoxway
03 Aug ’23 Post Mortem on BankNifty Weekly Expiry Analysis 🐻🐻BankNifty Weekly Analysis Banknifty has fallen an impressive 3.18% compared to just 1.89% of Nifty. The major reason for that is Banknifty always acts as leading indicator in a trend change NiftyIT and Reliance were supporting Nifty in the last week. Once the US market started falling due to the Fitch rating downgrade, NiftyIT started correcting which ensured Nifty’s breakdown. Now why BankNifty chart pattern screamed a bearish opportunity before Nifty - I really dont know. The price action of 27th Jul was very strange and unusual. BankNifty Daily Analysis Today’s price action was in perfect harmony with yesterday’s. The ease with which the chart pattern could be plotted was as simple as going short in today’s expiry. The day started pretty ordinary for OTM options, but after 10.00 the premiums started jumping indicating a market trending opportunity. The real move came only after 11.30 wherein we dropped 591pts ~ 1.32% till 14.10. Overall we fell 754pts from High to low of which ~80% came after 11.30. There was also a decent recovery of 325pts ~ 0.73% in the last 1hr 20mts. The final close of just 1.07% ~ 482pts loss is not a deal breaker at all. Basically the market participants are still euphoric and the fear level is absolutely near zero. The VIX falling today even after a 6% surge intraday is proof. For push down of prices - we would need more intense selling on HDFCBK, ICICIBK, SBIN, AXISBANK which has a decent FII exposure and has seen a one-way rally. The double top pattern from yesterday has now changed into a head and shoulders further reconfirming our short side possibilities. Until proven wrong, we prefer to go short.
NSE:BANKNIFTYShort
by viswaram
FASP levels for Bank Nifty 04/08/2023The FASP for BankNifty is listed for 04-08-2023. 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
Banknifty Expiry tradesetup for 03-08-2023BankNifty important intraday levels to watch for 03-08-2023 #Support: 44750 (Immediate support for scalping 44880) Short if candle closes below 44990 #resistance: 45090 Long if candle closes above 45090 #Targets on downside after break of support. Target 1= 44600 Target 2= 44420 #Targets on upside after break of resistance. Target 1= 45240 Target 2= 45360 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
Banknifty daily analysis for 03/08/23.Finally market has closed below 20 ema and closed below 45k levels. There is a doji candle on the daily charts after touching a low of 44750 levels. RSI is also showing bearish divergence on the higher time frame and after testing the new highs Banknifty is retesting the lows. On the hourly time frame, a tweezer bottom pattern has been formed after touching the support levels of 44750 and closed below both the moving averages. After crossing the 45100 levels market sell upto 44750 and reversed quickly and closed near 45k levels. On 15 minutes time frame, market has closed below both the moving averages and is close to 20 ema after a nice fall of 600 points. Support :-44750, 44565 Resistance :- 45100, 45310 After a 200 points gap down opening market continued to fall and if market starts trading below 44550 level, there are chance of market testing 44k levels. Tomorrow is weekly expiry and today's fall may continue. Sell on rise market is on. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
#banknifty"Good morning! As of August 2nd, the global market sentiment is negative (based on Dow Jones only), and the market nature is moderately bearish. Therefore, it might begin with a minor gap-down. Following that, if the market rejects the immediate support, we can expect it to move within a range-bound structure to pullback continuation. This is because there is an ongoing sub-wave two. We can anticipate a correction only if the market breaks the swing bottom."
NSE:BANKNIFTY
by Manickamtraders
4
01 Aug ’23 Post Mortem on BankNifty | The bears havent left townBanknfty fell 309pts ~ 0.68% from the day’s high to the day’s low. The gap up open was a surprise but the fall wasn't. Unlike Nifty, banknify is out of bearish hold yet. However the inability to push down prices even after getting an initial momentum during the day may not go in favor of the bears. The top formed today (encircled in blue) may be considered as the first lower high as we have respected the M like pattern (double top). I wish to change my bias from neutral to bearish for banknifty for tomorrow. ... Comment with your thoughts, opinion or bias, I will respond with the levels I am watching for tomorrow !
NSE:BANKNIFTYShort
by viswaram
Banknifty daily analysis for 02/08/23.Markets are forming inside candle and has closed flat losing only 58 points. Banknifty has been taking resistance from 50% fibonacci levels and is taking rejection from it. It is respecting the fibonacci series and is forming a bearish pattern A fall and now retest of 50% fib levels shows some bearish move prediction. For last 3 trading session market has taken option buyers into losses and sideways market cycle is on. On the hourly time frame, market has closed below the 20 ema, even after a gap up opening. On 15 minute charts, opening was above both the EMA's but it couldn't sustain above the levels and closed between them. 200 ema has been giving resitance to the market. Support :- 45500, 45310 Resistance :- 45690, 45850 Market has been trading in a range and in not giving any significant move on either side. Today's weekly expiry of Nifty Finance service was also confusing and took a lot of money from option buyers. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
BankNifty Trade Setup for 31-07-2023BankNifty important intraday levels to watch for 31-07-2023 #Support: 45240 Short if candle closes below 45240 #resistance: 45500 Long if candle closes above 45500 #Targets on downside after break of support. Target 1= 45040 Target 2= 45800 #Targets on upside after break of resistance. Target 1= 45670 Target 2= 45790 Target 3= 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.
NSE:BANKNIFTYLong
by InvestyourAsset
Banknifty future chart analysis for 01-08-2023Travelling above 45969, it may easily reach to its full target of 46213, in between 46076 is super strong resistance. Semi burst bollinger band , 45785 is an important level , if price remains above it and crosses standard deviation 2 , then you can take it as full fledge burst of bollinger band, and it may go much higher along side standard deviation3. if price goes below 45785, then there will be very little chance to take support on Median line it may go down to 45464, in between 45588 is a strong support.
NSE:BANKNIFTY1!
by stoxway
FASP levels for Bank Nifty 31/08/2023The FASP for BankNifty is listed for 01-08-2023. 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 Jul ’23 Post Mortem on BankNifty | Bears are still in controlBanknifty did not disappoint the bears as much as Nifty did today. The day began with a gap down right at the swing low of yesterday and in no time we reached the 45380 levels. From there we had a gradual drop to the intraday low of 45238. There was a pullback of 272pts ~ 0.6% but bears managed to close the day with a total cut of 0.46% ~ 211pts below yesterday’s close. NiftyIT had a bigger fall today, but the interesting aspect is the sector rotation was absent between the IT and banks. Instead all the other major sectors like energy, metals, fmcg took the initiative to keep Nifty close to green and away from a bear attack. On the 1hr TF we continue to hold onto our bearish view as long as the double top pattern holds. ... Comment with your thoughts, opinion or bias, I will respond with mine :)
NSE:BANKNIFTYShort
by viswaram
FASP levels for Bank Nifty 31/07/2023The FASP for BankNifty is listed for 31-07-2023. 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 future chart analysis for 31.07.2023Lookslike a sideways, squeeze in bollinger band.it may take long time to burst, may be in last one hour of monday or in tuesday. Whenever market closes near median line, it remains sideway first half of the day in next trading day. and then it gives nice moves to bursted side. gap up and gap down not considered. if price goes above 45807, after breaking sideways or after spending some times below 45807, then it will reach 46010, 46010 is a super strong resistance zone price may retrace from here to reach again median line.if price crosses above 46010 then it will easily achieve 46209. if price goes below 45524 after breaking sideways then or after spending some time over 45524 then it cas esily reach to the level of 45141.
NSE:BANKNIFTY1!
by stoxway
Banknifty trade setup for 28-07-2023BankNifty important intraday levels to watch for 28-07-2023 #Support: 45320 Short if candle closes below 45320. #resistance: 45550 Long if candle closes above 45550. #Targets on downside after break of support. Target 1= 45120 Target 2= 44750-44720 #Targets on upside after break of resistance. Target 1= 45790 Target 2= 46040 Target 3= 46380 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
27 Jul ’23 Post Mortem on BankNifty - Bears are getting ready 🐻Banknifty Monthly Analysis Banknifty has moved up 1353pts ~ 3.05% this expiry month, approx 0.7% lesser than Nifty’s movement. One possible reason was the slight retracement between 07 to 14 July whereas Nifty had managed that week pretty well. BankNifty Weekly Analysis Banknifty scored over Nifty during the weekly price move wherein BN lost only 0.85% ~ 391pts compared to 1.34% loss in Nifty. It was for this reason that we had gone short in Nifty last friday and did not do anything on BN. BankNifty Daily Analysis The day started quite boring today, we had a gap up opening due to which all the options premium were absolutely dead. I started expiry trades with Nifty options as they had more air left in it vs bank nifty. But as soon as the fall started, the CE premiums were jumping exponentially. This was true for Nifty options also. To get a favourable price I had to wait till 12.45 after which I switched to banknifty options. The CE premiums remained unusually high 14.15 after which they started dropping. While all this happened India VIX did not swing that much - remember we even had a -10% day this week on volatility. Probably VIX thinks the downward move is again a positional one & will be done and dusted by tomorrow? We see a M pattern i.e double top right at the all time high levels. Such a pattern cannot be left unnoticed and today’s move may just give it more relevance. On a 1hr TF we had all red candles today except the last one(which had only 15mts in it) ... Please comment with your thoughts, opinion or bias, I will respond with mine!
NSE:BANKNIFTYShort
by viswaram
2
FASP levels for Bank Nifty 28/07/2023The FASP for BankNifty is listed for 28-07-2023. 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 daily analysis for 28/07/23.For the last 6 trading day banknifty has been trading inside a range and today it has formed a bearish engulfing candle. Banknifty is taking support from 45600 levels and has been tested many times. If the levels is breached and market starts trading below the levels, there are high chances of market testing 45200 levels. On the hourly charts, not a single green candle is formed and market has closed below the 20 ema. The market fall indicates some negative trend form short term. 38.2% fibonacci levels are giving market some support, below the level Banknifty can test 61.2% (golden ratio) fibonacci levels. Support :- 45630, 45350 Resistance :- 45850, 46070 RSI indicator is showing some bearish divergence on the daily time frame and there are chance of market retesting lower levels. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty Expiry trade setupBankNifty important intraday levels to watch for 27-07-2023 #Support: 45900 Short if candle closes below 45900. #resistance: 46160 Long if candle closes above 46160. #Targets on downside after break of support. Target 1= 45770 Target 2= 45620 #Targets on upside after break of resistance. Target 1=46320 Target 2= 46490 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