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Bankniftytrend

BANKNIFTY prediction for tomorrow 2nd JULYAs we discussed, BANKNIFTY opened a gap-down and took a reversal till EMA(50) and spent sideways in 2nd half. If we look at the chart now: The market has taken resistance again at 50 EMA (30-min TF). Right now, the market is consolidating in the marked channel. I expect the market to consolidate one more day, and as it is forming a FLAG and POLE structure, it is upside going to give momentum till 53500 as a target. Also, the market is in the process of forming HNS at the top, which might lead to a fall. The market is probably going in both directions. Support levels: 52181, 51809, and 200 EMA and 51295 Resistance levels: 53009, 53500 If we look at the OI data: PCR = 0.87, which has changed from 0.64, shows bulls are increasing their position and bears wind off some of their positions. 52500 is Max-pain. 53000 is the strong resistance level, with maximum CE writing, and 52000 has strong PE writing, which is going to provide strong support. The market does not have a clear direction on either side. It breaks will give nice momentum. Reason: RSI ~ 40-60 indicates sideways momentum. Price > EMA(13,50,200) shows bullish structure. PCR = 0.87 shows that the market is mildly bearish. Price > VWAP shows a bullish market structure. Verdict: Sideways or Bullish Plan of action: wait for the market to break on either side. Sell 52500 CE and Sell 52500 PE (Hedge it with 20/- premium); exit a loss-making position once it breaks.
NSE:BANKNIFTY
by finnova_
#Banknifty directions and levels for July 1st.BankNifty experienced a solid correction in the previous session. If you count the sub-waves, it is in the 5th sub-wave. Here, if the initial market takes a pullback or finds support around the immediate support level (50%), we can expect a 38 to 61% pullback wave. Alternatively, if there is a solid decline initially, the correction could continue, meaning the 3rd wave extension may continue. If that happens, we can expect the correction to continue with some minor pullbacks.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY predeiction for today 01 JULYAs we discussed, BANKNIFTY opened sideways and retested 53000 levels, which started to fall and gave a nice bearish momentum. If we look at the chart now: The market has broken the resistance to the downside with a good bearish momentum. Support levels: 52023, 51830, and 200 EMA Resistance levels: 50 EMA, 52403, 52689 If we look at the OI data: PCR = 0.64, which has changed from 1.32, shows bears are making their position and selling high points. So, some correction can be expected here. 53500 is Max-Pain. I am expecting a correction in the market till 200 EMA. Reason: RSI < 40 falling and also having divergence, which might lead the market to some correction. EMA(200) < Price < EMA(13, 50), which indicates the market can take some correction till 200 EMA. PCR = 0.64, which shows that the market is strongly Bearish. Price < VWAP shows a Bearish market structure. Verdict: Sideways or Bearish Plan of action: wait for 15 min candle. Let the market take resistance at 13 EMA or 50 EMA. Once you see the direction bearish. Sell 52400 CE (Hedge it with 20/- premium)
NSE:BANKNIFTYShort
by finnova_
Nifty & Bank Nifty Analysis For Next Week 01-05 July 2024In this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTY
by TheStockMantra
BANKNIFTY SETUP TRADE WIH 1:5 RISK REWARD BANKNIFTY SETUP TRADE WIH 1:5 RISK REWARD A good falling detected on BANKNIFTY It's showing a fall due to these reason 1. It's following THE 1D trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more BANKNIFTY SETUP TRADE WIH 1:5 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 30 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure Just grab out will your own risk HOLD IT FOR NEXT DAY CARRYFOREWRD With a small amount Stay connected
NSE:BANKNIFTYShort
by tradergyan01
#Banknifty directions and levels for June28th.BankNifty's structure is a little different. The 5 waves are finished, and it's progressing into a correction. Corrections have many variations. I explained two variations: 1- If the initial market declines, we can expect a 38% correction. After that, if it finds support, we can expect a range market to rally continuation. In this scenario, the correction will continue only if it breaks the 38% Fibonacci level effectively. If it breaks, then we can expect 50% to 78% as the next targets. 2- The alternate variation is a flat correctional variation. If the market sustains the gap-up and pulls back, the level of 53247 to 53320 will act as a strong resistance. If the market is rejected there, we can expect a correction. If you want confirmation of the correction, use the EMA20 and the 38% Fibonacci level breakout sentiment.
NSE:BANKNIFTY
by Manickamtraders
Banknifty prediction for tomorrow 27 JUNAs we discussed, BANKNIFTY opened sideways and went bearish for 1 hour. After that, it started recovering and touched 52990, almost near the given target, and fell in the last hour. If we look at the chart now: The market is trading at an all-time high. In the last 30 minutes, the market made correction. I am expecting some more corrections in upcoming trading sessions. Support levels: 52393, 50 EMA, and 51830 Resistance levels: 53000 and 53500 If we look at the OI data: PCR = 1.32, which has changed from 1.61, shows bears are making their position in the 53000 level. So, some correction can be expected here. 53000 is Max-Pain. On the lower side, 52500 has good PE writing, and on the higher level, 53500 has good CE writing. That market has a huge range to move, which might lead the market to good volatility. I am expecting a volatile move in the range of 52393 - 53000. Reason: RSI = 60 falling and also having divergence, which might lead the market to some correction. Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.32, which shows the market is strongly bullish. Price > VWAP shows a bull market structure. Verdict: Sideways or Bullish Plan of action: Sell 52850 CE and Sell 52850 PE (Hedge it with 20/- premium) Exit opposite position; either side of the market breaks.
NSE:BANKNIFTY
by finnova_
1
Bank Nifty Analysis June 27 2024 TRADE WITH CAUTIONLast Analysis Review: From my previous Bank Nifty analysis on June 26, 2024, we observed that “Scenario 2” (Sell if we see a strong resistance between 52900 - 53000) partially played out accurately. Now, let’s delve into the current scenario. Analysis: June 27, 2024 Short-Term View: Again Caution is advised as the market rises on sentiments ahead of the FINAL BUDGET 2024 presentation. Strong move is expected above 53000 or below 52349 in coming days Long-Term View: Despite short-term optimism, the higher time frames (e.g., 4-hour or 1-day) reveal weak technical aspects for Bank Nifty. Strong candles with small wicks may signal a fake breakout. With price consolidation between 52350 - 53000 we can see a break out on either side. We may expect a fake breakout above 53000 considering Budget 2024 around the corner. Banking News POSITIVE NEWS SBI raises Rs 10,000 cr via 15-year infrastructure bonds at 7.36% coupon Unambiguous commitment needed to bring down inflation to 4% target: RBI Governor Das ICICI Bank surpasses UBS to become 18th largest bank globally NEGATIVE NEWS Yes Bank restructures workforce, lays off 500 employees in cost-cutting move Farm loan waivers to negatively impact banks' asset quality: Macquarie T rading Scenarios: Scenario 1 (Gap Up): If Bank Nifty opens above or around 52,900, watch for resistance at 53,000. Consider buying above 53,000 with caution. Scenario 2 (Gap Down): If the price opens between 52,700 and 52400, Wait till it break strong support at 52360 on 30 Min time frame. With tight stop loss consider buying if price respects the support region. Sell if a strong breakout is seen below 52349, use a tight stop loss. Scenario 3 (Flat): Wait until BankNifty breaks previous day high or low on 30 minute time frame before going long or short. You can take small trade if you see BankNifty range bound movement between 52400 - 52900. But a strong move is expected above 53000 or below 52349 in coming days ✅ Bank Nifty Support and Resistance Levels: Intraday Resistance Zone: 52,700 - 53000 Intraday Resistance 1: 52,700 Intraday Resistance 2: 53,000 Intraday Resistance 3: 53,500 Intraday Support Zone: 52,349 - 52,460 Intraday Support 1: 52,681 Intraday Support 2: 52,349 Intraday Support 3: 52,000 🔍 Bank Nifty Options to Watch (July 3): Call Option: 52,700 CE Put Option: 52,500 PE Trade wisely and adapt to market dynamics! 🚀📊 #tradenxt #bankniftyanalysis #bankniftylivetrading #livetrading #stockmarketanalysis #stockmarketanalysis03july2024 #IntradayTrading #IntradayCalls #BankniftyPredictions #StockMarketPredictions #bankniftytomorrowprediction #niftyanalysis #niftypredictions #bankniftyoptions #niftyoptions #banknifty52700ce #banknifty53900ce #banknifty52500pe
NSE:BANKNIFTYShort
by kislaysumit
BANKNIFTY Intraday Trade Setup For 26 Jun 2024BANKNIFTY Intraday Trade Setup For 26 Jun 2024 Bullish-Above 52760 Invalid-Above 52650 T- 53250 Bearish-Below 52240 Invalid-Above 52350 T- 51680 BANKNIFTY has closed on a bold bullish note with 1.74% gain today. Market was trendy after 12 PM as momentum came after that. Buy triggered as per trade setup above 51800 and hit 1st target 52700 very smoothly. Tomorrow if we get a pullback breakout of 52760 then once again bullish move can be seen. 52240 can act as an confluence zone as it is a probable intra support. In case it breaks 52240 then we will short. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 52760 then we will long for the target of 53250. For selling we need a 15 Min candle close below 52240. T- 51680. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BankNifty Analysis 26 JUNE Short-Term Caution Amid Anticipation📈 Bank Nifty Analysis: Short-Term Caution Amid Anticipation Last Analysis Review: From my previous Bank Nifty analysis on June 25, 2024, we observed that “Scenario 1” (Buy above Gap up opening with 30-minute closing above 52,000) played out accurately. Now, let’s delve into the current scenario. Analysis: June 26, 2024 Short-Term View: Caution is advised as the market rises on sentiments ahead of the FINAL BUDGET 2024 presentation. Long-Term View: Despite short-term optimism, the higher time frames (e.g., 4-hour or 1-day) reveal weak technical aspects for Bank Nifty. Strong candles with small wicks may signal a fake breakout. Private Sector Bank Rally: Analysts at Macquarie expect healthy ROAs and ROEs for private sector banks over the next three years. These banks remain steady compounding stories, less affected by ECL regulations. External Debt Update: India’s external debt stands at $663.8 billion as of end-March 2024, rising by $39.7 billion from the previous year. Trading Scenarios: Scenario 1 (Gap Up): If Bank Nifty opens above or around 52,900, watch for resistance at 53,000. Consider buying above 53,000 with caution. Scenario 2 (Gap Up with Resistance): If the price opens between 52,900 and 53,000, be prepared for resistance. Sell immediately within the first 15-30 minutes if a strong breakout above 53,000 doesn’t occur. Use a tight stop loss. Scenario 3 (Flat or Small Gap Down): Wait until Bank Nifty breaks below 52,349. ✅ Bank Nifty Support and Resistance Levels: Intraday Resistance Zone: 52,746 - 52,987 Intraday Resistance 1: 52,746 Intraday Resistance 2: 52,984 Intraday Resistance 3: 53,561 Intraday Support Zone: 52,537 - 52,460 Intraday Support 1: 52,460 Intraday Support 2: 52,300 Intraday Support 3: 52,000 🔍 Bank Nifty Options to Watch (June 26): Call Option: 52,700 CE Put Option: 52,500 PE Trade wisely and adapt to market dynamics! 🚀📊 #tradenxt #bankniftyanalysis #bankniftylivetrading #livetrading #stockmarketanalysis #stockmarketanalysis24june2024 #IntradayTrading #IntradayCalls #BankniftyPredictions #StockMarketPredictions #bankniftytomorrowprediction #niftyanalysis #niftypredictions #bankniftyoptions #niftyoptions #banknifty52700ce #banknifty53900ce #banknifty52500pe
NSE:BANKNIFTY
by kislaysumit
BANKNIFTY Prediction for tomorrow 26 JunAs we discussed, BANKNIFTY opened a side gap down and then gave a really nice bullish momentum to the upside. If we look at the chart now: The market has broken an all-time high and is going HH. I am expecting the market to move further upward till the 53000 as of now. Support levels: 52000, 51255, and 50494 resistance levels: 53185 and 54163 If we look at the OI data: PCR = 1.61, which has changed from 1.09, shows the very bullish nature of the market. Today, all CE seller exited their positions on lower levels. And new PE additions have been made on the lower side. 52500 is Max-pain. There is not a good resistance level on the higher side till 53000 right now. I am expecting the market to move with good volatility in the range of 52000-53185. Reason: RSI = 70, showing divergence, which might lead it to a sideways market. Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.33, which shows the market is strongly bullish. Price > VWAP shows a bull market structure. Verdict: Sideways or Bullish Plan of action: Sell 53000 CE and Sell 52000 PE (Hedge it with 20/- premium CE) Tomorrow is the expiry of trade with caution. There might be big fluctuations in the options premiums.
NSE:BANKNIFTY
by finnova_
BANK NIFTY - TIME TO SELL & RUN AWAY ?Symbol - BANKNIFTY CMP - 51720 BANKNIFTY is following a rising channel & headed towards its higher end. Currently It is trading 51600 - 51750 & trying to break it on upside. According to my analysis, BANKNIFTY will face strong resistance around round level 51500 - 52000 which is also upper end of the rising channel. In case it breaks it on upside, A breakout fail scenario is highly likely. I'm expecting Nifty Bank to show a reversal from these levels & It may witness a strong profit booking. Hence I am creating huge short positions in Bank Nifty July Futures at CMP 51720 I will add more position at 52000, if comes & will hold with SL of 52200 Targets I'm looking for on downside will be 49260 - 48000 & In case If it breaks this rising channel on downside, We may see huge fall till 45500 - 45600 which is the ultimate target if any major correction happens. RR is very favorable here. That's why taking more position than usual. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BANKNIFTYShort
by akshit_official
BN super BULLISH, next stop is 52500? 1:6 RR SetupBank Nifty was trading in a small range for last few days and completed time wise correction. Bears failed to hold it below 50050(.786 fib level), so high chances of hitting 100% and goes up in extension to hit the channel top. As per daily time frame Super Trend and fib channel we have a great opportunity in long with small SL. Stop Loss below 50130 candle close (1 hour) Targets - 51000, 52600 and 53000 Bank nifty is bullish in Monthly, weekly and hourly time frames as per Ichimoku. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYLong
by WaveMoku
1