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Bankniftytrend

#Banknifty directions and levels for January 31st#Banknifty There are no changes in the Banknifty chart, and it still has a FLAG pattern structure. So, if the market breaks the previous high, we can expect a rally continuation. However, if the market rejects around 38%, then we can expect a minor correction of 23 to 38%. An alternate view is important. If the market opens with a gap-down, the level of 45045 will act as a strong support. However, if it doesn't find support there, then we can expect an aggressive correction. This is because yesterday's consolidation may act as a supply, and the correction may occur with heavy volume
NSE:BANKNIFTY
by Manickamtraders
30 Jan ’24 — BankNifty was not interested in N50s price actionBankNifty Analysis - Stance Neutral ➡️ Strange-looking 1st and 2nd candles and then a flat price action all through the day. It is quite commendable that Nifty’s bearish ghosts did not haunt BankNifty today. Even though we closed just below the SR zone of 45399 - the price action did not give a clear clue if it was bearish or bullish. 4mts chart Maybe BankNifty was in a wait-and-watch mode, allowing Nifty to decide on the direction first and then follow suit. For the straddlers, it was a field day today as the flat price action would have given most of them good gains. 63mts chart BankNifty cannot stay flat like this tomorrow and the day after. We have the expiry tomorrow and the Budget announcement on 1st February. Most likely Nifty will pick a direction soon and 99/100 BankNifty will align itself with the broader trend. Our neutral stance continues for tomorrow, but we are quite excited to see the option premium spikes during closing minutes today. The first thing BN has to ensure tomorrow is to reject the 45399 resistance and then hope the Bears score their goal. Algo Trading Our BankNifty algo trades ended today with a profit of 1617 per lot
NSE:BANKNIFTY
by viswaram
#banknifty directions and levels for JAN 30thBanknifty has a structurally perfect FLAG pattern. So, if the market breaks the previous high, then we can expect a rally continuation. However, if the market rejects around 38%, then we can expect a minor correction of 23 to 38%. Alternatively, if the market opens with a gap-down, structurally there is no big correction. However, if it breaks 45045, then we can expect a correction. On the other hand, if it doesn't break 45045, then we can expect minor consolidation for pullback continuation
NSE:BANKNIFTY
by Manickamtraders
Banknifty prediction for tomorrow 30 JAN 24As we discussed, Banknifty it has given a breakout today. By looking at the chart has given a breakout for the falling wedge pattern, which indicates the Market is going to get bullish in upcoming sessions. By looking at the Oi data, PCR = 0.86, which is bullish. Also, the budget is about to be announced on the 1st FEB., which needs to be good as the election is near. The whole Market is showing a positive sentiment. I am expecting Market to go bullish as of now Reasons: Price > EMAs, which indicates a bullish signal. (Bullish) RSI > 60, which shows bulls are in the control of the Market now. (Bullish) PCR = 0.86 shows bulls are more prominent in the Market. 45500 seems to be the MAX Pain. Once this level is clear, the Market is expected to go higher. (Bullish) The Market has given a breakout for the Falling wedge pattern, which is a clear sign of bullishness. (Bullish) 46300 seems to be a crucial level of resistance as it's also conceding with 200 EMA, which is probable to give some résistance. (Target Resistance) Verdict: Bullish Plan of action: SELL 45400 PE (hedge is with Buy 30rs PE)
NSE:BANKNIFTYLong
by finnova_
BankNifty prediction for tomorrow 29 JAN 24As we discussed, NIFTY is to be "SIDEWAYS in the range 44600 - 45481" in our last analysis. It resulted in a sideways while facing good resistance on 50-EMA. Now, if we look into the Chart data, EMA(50) is providing nice resistance. Also, 44500 is Hard SUPPORT, and 45370 is Hard RESISTANCE, resulting in a zonal movement. Also, the market is making a falling wedge pattern, which is bullish. while OI data PCR= 0.68 shows bearishness while PCR=0.90(next week expiry) shows bullishness. means people are expecting a good budget decision announcement on 1st FEB. As people are waiting for a budget day, I am expecting the market to be sideways till 1 FEB in the given Zone unless we get a breakout. Reasons: Market is making falling wedge pattern which is bullish. Price < EMAs, which shows bearish market structure. RSI ~ 40-60, which shows sideways market momentum. EMA 50 and 200 will be acting as resistance. An upper resistance trendline will provide good resistance. OI data PCR = 0.69 shows Bearish wherelse PCR = 0.90 shows bullish sign in upcoming week. Verdict: Sideways unless it gets breakout. Plan of Action: Sell 44500 PE and 45400 CE (hedge it with 35rs premium)
NSE:BANKNIFTY
by finnova_
2
Bank Nifty Strong move!! As per trend analysis Bank nifty has seen bounce earlier in March'23 and November'23 it works as powerfull support given big moves in longer time. Also trend also comfirms that buyers are still intact to make bounce in addtion to that we can see a wick reversal pattern is also seen on daily time frame. Which also confirms buyer strength and also bank nifty has hold tightly on 25th Jan'24. which can lead a goods movement day keeps eyes on opening of Bank Nifty. On Smaller time frame buyer have tried to make movement in last hour which also give hint for trend day. Still beware of traps & avoid false breakouts enter on restest only And also keep note it can also fall from support as more the retest at support zone makes it weaker. Note : Do your own analysis before making any trade or investment decesion all post are for study purpose.
NSE:BANKNIFTY
by Price_actiontaker14
NIFTY prediction for tomorrow 25 JAN 24As we discussed, NIFTY has a "Bearish structure," but at the price action level of 21200, it took support and recovered really well. It gave a double bottom breakout and also reached level 21500, which is a resistance zone for now. If it enters into the zone marked in blue, it's going to be sideways. Also, 200 ema is going to act as a resistance point inside the blue zone. If we look at the OI data, PCR = 0.82, which leans towards a bullish market structure. Meanwhile, Banknifty PCR = 0.59 is bearish as both are not aligned. So tomorrow, I am expecting the market to be sideways in the blue zone and high volatility in the lower zone. All important levels have been marked on the chart. Reasons: Price 200 EMA, which will also act as resistance in the upward direction. RSI ~ 40-60, which indicates the sideways market structure. Price > EMA(13) is also sitting at 50 EMA, which will be acting as resistance. OI data PCR = 0.82 shows bullish signal. (Bullish) Verdict: SIdeways Plan of action: Wait for 15 min candle. Make position according to PA levels marked on charts.
NSE:NIFTY
by finnova_
BankNIFTY prediction for tomorrow 25 JAN 24As we have been discussing, BN is bearish; it took support from the marked zone and then recovered but again fell in 2nd half session today. If we look at chart data right now, the 44600 level showed nice support twice today with a nice volume. As the market is still making LL and LH, it represents a bearish market structure. I am expecting it to come again to 44600 and then bullishness in the market. Also, OI data PCR confirms the bearishness in the market with a PCR value of 0.59 ( BEARISH ). FII ad Pro clients data indicates the market to be getting bullish. I am expecting the market to be sideways in the range of 44600 - 45481. both levels are going to provide nice support and resistance. Reasons: Price < EMAs shows bearishness in the market. RSI 40-60 shows the sideways momentum along with the bulls' weak power. OI data PCR = 0.59 indicates a bearish signal in the market. Vwap is still high value. Price << VWAP indicated market price has to settle. It's not going to make a huge bearish move in the market. Verdict: SIDEWAYS in the range 44600 - 45481. Plan of action: look for 15-min candle and make a bound position in 44600-45481. I will update the idea once a market trend is set.
NSE:BANKNIFTY
by finnova_
24 Jan ’24 — BN still looks bearish to me, will it go neutral?BankNifty Analysis - Stance Bearish ⬇️ The stance of BankNifty continues to be bearish as it was nothing like the Nifty today. The major reason is the rejection of resistance at 45399. After opening near the support level of 44542, BN made a quick surge to the resistance of 45399 by 09.59. The rejection came by 10.43 and that RED candle spoke for itself. 4mts chart We started falling and BN went underwater again by 11.27. Interestingly BN made a W pattern on the 4mts chart today - but it means nothing if the resistance is not taken out. 63mts chart The first candle steals all the show today - its low right at the support of 44542, its high right at the resistance of 45399. Nifty will not be that strong in the upward direction until BN joins it. Right now N50 is neutral and BN is bearish. To lose bearishness, BN has to take out the resistance and close near 46151. Since both BN and N50 have expiry tomorrow, it will be an option sellers day as the premiums will be juicy enough.
NSE:BANKNIFTYShort
by viswaram
Nifty & Bank Nifty Monthly (25) Jan 2024 Expiry AnalysisIn this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis 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 Prediction for tomorrow (weekly) 24 Jan 24According to our past discussion, BANKNIFTY had a bearish nature for a couple of days. It had a nice fall today. If we look at chart data now, 46617 is a good support point. But if it breaks to the downside, it is going to give a nice target of 43850 level. Important levels have been marked on the chart. There are two different possibilities marked green (Bullish) and red (bearish) on the chart. If we look at the OI data, PCR = 0.51 indicates a huge bearishness in the market, which is also supported by the chart data. 45000 is the MAXPAIN for the current market structure. If it breaks to the downside, then good targets of levels 43850 and 43267 can be achieved easily. All important levels have been marked on the chart. Data shows the market is going to be bearish in the upcoming week. Reasons: Price < EMAs shows the market's bearish nature. (Bearish) The market has given the Death crossover, which is a strong signal of a Bearish market. (Bearish) OI data PCR = 0.51 shows the bearish structure of the market. (Bearish) RSI < 40, which shows weakness in bulls strength. (Bearish) Verdict: Bearish Plan of action: Look for a 15-minute candle; make a position based on the PA marked on the chart.
NSE:BANKNIFTY
by finnova_
23 Jan ’24 — Almost 1700pts fall + Support break - Bear Attack?BankNifty Analysis - Stance Bearish ⬇️ Banknifty fell an unbelievable 1696pts ~ 3.64% from the HOD to the LOD. As usual, the gap-up of 472pts would have painted the wrong picture today especially when the Traders came ready to play ICICI on the long side. Never in the day, we got a bullish signal today - it was a one way journey from that gap-up to the low of the day. 4mts chart The candle right at the support level of 45399 was the strongest - 215pts fall. This shows the strength the big-boys exerted today to create momentum. Were FIIs pissed off that we made them work on a Saturday? Both Nifty and BankNifty have the same stance (bearish) similar to the one we had on 17th Jan. When Both the indices are in the same direction, it should be a treat to watch. 63mts chart The next support comes at 44542 followed by 44068. The odd thing is that Global markets are so positive except China and Hong-Kong. And we do not have any bad local macro news except for the Sony-Zee saga and Govt. decision to increase the import duty on Gold & Silver. We strongly feel these positions are for the Budget 2024, If you have a better valid point - do mention it in the comments below. Also, we do not have an expiry tomorrow as both BN and N50 will have the monthly expiry on 25th. Strangely in Jan month, BankNifty’s last working day is the 31st on which it has a weekly expiry, but its monthly expiry is on 25th because Nifty’s on 25th. Some things you see only in India.
NSE:BANKNIFTYShort
by viswaram
BANKNIFTY Intraday Trade Setup For 24 Jan 2024BANKNIFTY Intraday Trade Setup For 24 Jan 2024 Sell_1- From 46150 Invalid-Above 46260 T- 45515 45000 Sell_2- Below 44880 Invalid-Above 44990 T- 44180 43570 BANKNIFTY has closed on a bold bearish note with 2.26% cut today. It opened with a big gap up today and as per trade setup 10 o'clock range was to be followed. Range broke downside below 45980 and gave a big trendy move till 44887. Yesterday it was said that index may give a bullish move but I clearly said that I doubt it will sustain. Tomorrow there can be an pullback of today's impulsive move or there is a chance of a halt candle in daily TF. 0.382 of yesterday's range will be first confluence level. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 44880 then we will short for the target of 44180 and 43570. In case 46150 is tested via gap up move then we will short. T- 45500 zone. 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
Nifty & Bank Nifty Analysis For 24 Jan 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis 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:NIFTYShort
by TheStockMantra
#Banknifty direction and levels for JAN 23Banknifty has a long consolidation, so if the market opens gap-up, it might follow the trend. After the gap-up, if the market breaks the resistance level (38%), then we can expect 46,756 to 46,868. Here also, the sentiment is the same as Nifty—if it consolidates or breaks this level, the rally will likely continue. But as per the wave, its maximum pullback fib level is 78%. However, if the pullback rejects around 50%, then we could wait for reversal confirmation using the fib swing low to high. If this fib breaks 38%, then we could consider this a reversal for a bearish trend. Alternate view: If the gap-up doesn't sustain or if it rejects around the fib level 38%, then it might turn into correction. But initially, the structure suggests a range market, and we can expect a correction when it breaks the previous swing bottom."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Special session analysis 20 Jan 24NSE is running special trading sessions to test the disaster management platform. There is no compulsion to participate in the trading for today. But if you wish to, here is the analysis that you can follow. Banknifty has been in the range of 45600-46200, which is marked as a sideways zone for BN. They were also looking at OI data PCR = 0.58, which is super bearish. But NIFTY is bullish. Also, BN monthly expiry data is bullish, indicating a chance of recovery. As it has also formed a triple bottom, it can recover. But as it is testing day, only a few traders might participate, which might lead to sideways momentum. I am expecting it to end in a sideways zone only if it does not break the zone to the downside. Reasons : Price < EMAs shows bearishness in the market. RSI < 40, which shows the weakness of bulls; even though it goes up, it has to cross 60 to be bullish—so there are more chances for it to end sideways today. OI data PCR = 0.58 shows a very bearishness signal in the market. It's trading in the sideways zone right low looking on the chart, and OI data doesn't break either side. More chances are to end up a sideways day. Verdict: Sideways or Bearish Plan of Action : Don't go for option BUYING; you can sell options after seeing 15 min candle PA.
NSE:BANKNIFTY
by finnova_
BankNifty Intraday Trade Setup | 20th Jan '24Today BankNifty opened with a gap-up around 46100 and after making a high around 46250, it gave a 600+ points fall from higher levels towards 45550. BankNifty is looking bearish in comparison to Nifty and if it fails to hold 45500 on closing basis, we may see another fresh selling. For tomorrow, BankNifty has to sustain above 45940 for further upside which can take BankNifty towards 46060 and upper levels. On the other side, if BankNifty breaks 45500 on downside, we expect to see 45370 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 45940 Sell Below - 45500 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
Nifty & Bank Nifty Analysis For 19 Jan 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis 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
1