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Bankniftytrend

BANK NIFTY FUT | 25 OCT, 23 AS WE CAN SEE THAT THE MARKET IS IN A DOWNTREND, ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 25 OCT,23 BELOW FOR BANK NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 43299 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 43444 - R2: 43577 - R3: 43699 SHORT PLAN >>>>> 🐻 - 42966 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL) - S1: 42799 - S2: 42633 - S3: 42466 PLEASE FOLLOW FOR MORE REGULAR UPDATES. QUOTE FOR THE DAY : “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” 🚀🚀🚀🚀 -Mark"Douglas 📌📌📌📌📌 Disclaimer - I am not SEBI Registered Research Analyst or Investment Advisor. All Information provided above are just for Education purpose only . They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investments.
NSE:BANKNIFTY1!
by Omkar9992
23rd Oct ’23 - BankNifty is well below the 28th June levelsBankNifty Analysis BankNifty on the other hand had a gap up open, thanks to the excellent results from ICICI Bank. To a great extent, BankNifty resisted the down move on Nifty. Even till 13.55, it was only 0.17% below the previous close. But right after that, it fell like a house of cards. Whatever support ICICI gave till then was undone. ICICI ended up closing negative 0.3%, remember that it stayed green till 14.55. An intraday swing of 2.06%. BankNifty also broke 2 supports today, 43404 and 43253, both of them after 14.55. These supports offered no protection today, the momentum to cruise through was that strong. Fortunately, the 43012 support (3rd support) was held today. On the daily time frame, BankNifty has already undone the 28th June adventure. We are now trading at levels seen in the first week of May. The next major support after 43012 comes at 42576 and then at 42130. Going by the depth of the red candle today - it is quite likely that we retest those levels quickly.
NSE:BANKNIFTYShort
by viswaram
1
BANKNIFTY - Target Levels - 25.10.23.Its Helpful & Useful For Newers & Beginners Of Trading... Learn & Earn With You Own... Bank Nifty Spot Price : 43151.2 - India Vix Spot : 10.91% - Nifty Daily Range : 42855 To - 43448- Watch Option Strike : If Above Break Even Point Buy : 43000 CE Watch Option Strike : If Below Break Even Point Buy : 43000 PE Split The Chart In Your Mobile. Then View The Market Moves & Target Points At Same Time. Top Nifty & Bottom Bank Nifty. See My Reversal Target Level - Long Wick Is Shown Only. The Reversal Trend Is Activated. OtherWise Leave It. And Achieve The Target Point. Draw & Watch The Target Points : Entry Point... & Stop Loss... & Target Point ...Is Yours... In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check. (Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not) I Am Not Sebi Registered Analysis, This Is Education Purpose Only. Dear Followers.. Trend Is Our Friend.. 1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy. 2. Kindly Watch My Break Even Point. Every Day.. 3. Above The Break Even Point.. Resistance Break.. UPTrend Starts.. Buy CE.. 4. Below The Break Even Point.. Support Break.. DownTrend Starts.. Buy PE.. 5. After Retracement.... Stop Loss is Above Or Below Break Even Point.. 6. Stop Loss Is Must.. 7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame.. 8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also.. 9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry. Don"t Enter Blindly. 1. We Focus On Our Daily Analysis.. 2. Combination Theory Of Delta, Gamma, Thetta, & Vega. 3. Selection Of OI Analysis.. & Determination Of Volume Calculation.. & Sum Of Implied Volatility Theory 4. We See 4 Types Of Fibinacci Retracement Levels.. (1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level), 5. Techninal View On Break Even Point.. & Prediction Of Entry, Targets, & Stop Loss.. 6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully.. 7. Market Moves in UpTrend or DownTrend.. 8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.. Its Most Important For Daily Tradings.. 9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings.. Kindly Follow My Channel & Like Your Support & Share My Ideas. TAMIL.. TAMIL... TAMIL.... Engum Tamil.. Ethilum Tamil.. VALGA VALAMUDAN.. Ithu Oru Tamilanin Thoguppu.. Like Pannunga.. Comment Pannunga.. Share Pannunga.. & Profit Pannunga... Marakkama Unga Friends & Relatives a - market1tomorrow - la Join Panna Sollunga.. This Is My Trading Phychology Of market1tomorrow
NSE:BANKNIFTY
by market1tomorrow
Bank Nifty intraday setup 23rd Oct 2023Good Morning Traders, Guy's Markets are on support zone, chances are high we can see reversal from here, Banking sector results are also coming very attractive, Icici bank and kotak bank has shown a magnificent results. In friday session Bank nifty has formed a bullish candlestick pattern with a long upper shadow, which resembles an inverted Hammer kind of pattern formation on the daily time frame. So this is proper bullish reversal pattern formed at the downtrend, But in case the index breaks 43500, the crucial support, then further selling pressure towards 43300 or 200- day ema can't be ruled out. Important levels for Bank nifty:= Important support zone 43500-43600 Strong Support zone 43300 Important resistance zone 43900-44000 Strong Resistance zone 44200 Buy above 43777, if levels sustains at least for 30 Mints. Targets we can see in upside 43877/43988 Keep stop loss at 43608 Sale below 43608, if levels sustains at least for 30 Mints. Targets we can see in downside 43498/43375 Keep stop loss at 43777 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
5
20th Oct ’23 - Unwilling to Die attitude from BankNiftyBankNifty Analysis The greatest surprise of today came from BankNifty. A perfect flat closing today. I was hoping for a 400+ pts fall today considering how the global indices ended the trade yesterday, also how the US banks were tanking. The resilience Indian banks showed today deserves special mention. If you look at the price action today, we went green by 09.35 and then had a range-bound trade. At 13.15 we had a 114pts surge super-strong green candle, but we quickly retraced that. If BankNifty had fallen just as much as Nifty50 today - the entire story would have been different. The immense weight BN has over N50 ensured the cuts are not that deep. On the hourly time frame, things look still bearish as the 44068 resistance still stands. I agree that we did not have momentum today, but if we stay in this zone - the selling will intensify. My targets of 43404 and 43253 remain unchanged.
NSE:BANKNIFTYShort
by viswaram
#Banknifty directions and levels for #october20"Good morning, friends! As of October 20th, there is no significant difference between the last session, and the global market sentiment is negative, as indicated by the Dow Jones. However, our market is bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback (23% to 38% Fibonacci level). On the other hand, if the correction breaks the immediate support level, then the correction is likely to continue. Today also the GiftNifty indicates a long gap-down, so if there are any changes in the market's direction, I will inform you in the mid-market session."
NSE:BANKNIFTY
by Manickamtraders
19th Oct ’23 - BankNifty the main villain for the bears todayBankNifty Analysis The main villain who spoiled the plans for the bears is BankNifty. We had an opening candle swing of 333pts on the downside, but the price action was not looking that bearish for some or other reason. Ideally, we are below the support level of 44068 and any down-swing should have created an avalanche of shorts. Instead, we started climbing back right from the 2nd candle. Leg 1 was complete by 11.25, that 5mts candle alone contributed 189pts and took BN into green territory. The 2nd leg of the upside came between 13.20 to 14.05. Notice from the chart how the support/resistance level of 44063 came into play today. We had a rejection at 14.05 and BankNifty started moving downwards. Even though we climbed 503pts ~ 1.16% between the intraday low to high - the rejection at resistance proves the point that we are still bearish. Of the targets set yesterday, 43735 was broken and we got pretty close to 43519. We are getting back to the zone that has good support/resistance marked from the prior price actions. My new targets for tomorrow will be 43404 and 43253 if we are continuing to move downwards. If we go upwards - no action is really required unless 44068 is broken. India VIX closed at 10.8975 and US VIX is trading at 19.67 the difference between them a whopping 80%. Noting it - in case we do not see drastic variance again.
NSE:BANKNIFTYShort
by viswaram
FASP levels for Bank Nifty 20/10/2023The FASP for BankNifty is listed for 20-10-2023. 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 directions and levels for #October19"Good morning, friends! As of October 19th, the global market sentiment is negative, as indicated by the Dow Jones. However, our market is moderately bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback (23% to 38% Fibonacci level). On the other hand, if the correction breaks the immediate support level, then the correction is likely to continue.
NSE:BANKNIFTY
by Manickamtraders
7
18th Oct ’23 - BN leader during trend reversals - PostMortem BankNifty Expiry Analysis Between the last expiry and today, BankNifty lost 630pts and almost 82% of that came today. Interestingly the stable support level of 44068 is now breached. Remember we went below this level on 31-Aug, 04-Oct and 09-Oct and we managed to climb back every time. Will it be different this time? BankNifty Today Analysis The leader during reversals is always BankNifty and it is visible today also. Nifty had a similar opening candle, but the next few minutes were negating it and moved up. BankNifty on the other hand did not go up strongly. The fall from 44390 was almost 519pts ~ 1.17% which cut through the support of 44068 with so much ease. Remember this was the same support zone that had rejected all 4 prior fall attempts. After falling below the 44068 levels, there was no attempt to climb back - a sign that bulls may have lost control. If it stays below this level for tomorrow, the selling is just going to intensify. On the 1hr chart, the 10.15 candle that took out 422pts ~ 0.95% stands highlighted. Never before did we have such a strong candle right at the support area - going by the intensity, looks like further move may come on the downside instead of rejection. What really caused this panic selling? Not sure. Surprisingly the India VIX is still at 10.96 and US VIX is at 19.00 - the gap between them is a whopping 73.3%. Ideally, the implied volatility has to pick up for strong downward price action. A glimpse of that was very much visible in the options prices today. Going by the options flow and since we broke the support, I wish to change my stance to bearish. My first target would be 43735 and then 43519.
NSE:BANKNIFTYShort
by viswaram
#October17th directions and levels for Banknifty"Good morning, friends! As of October 17th, the global market sentiment is positive, as indicated by the Dow Jones. However, our market trend is in a ranging market. It may open with a gap-up, which indicates a ranging market structure. Therefore, if the market rejects the immediate resistance or if the gap-up doesn't sustain, we can expect a range market continuation. We can expect a pullback continuation only if it breaks the immediate resistance."
NSE:BANKNIFTY
by Manickamtraders
Bank Nifty Intraday levels 17th Oct Good Morning Traders, Bank Nifty has formed Doji kind of candlestick pattern on the daily time frame, making lower highs and lower lows formation for second consecutive session. But good thing is that Banknifty have defended 44000 levels in intraday, it's a psychological support for Banknifty, Well today according to Gift Nifty market is ready to open on higher, let's see if levels are getting sustained or not. HDFC bank result has come very attractive, so there is higher chances we can see good recovery in Banking index, Any decisive closing above in 44800 in Bank nifty will open door for further upside in Bank nifty. Important Levels for Bank Nifty:- Intraday support zone 44000 Intraday resistance zone 44500 Strong Support zone 43600-43800- Strong Resistance zone 44600-44800 Buy above 44454, if levels sustains at least for 30 Mints. Targets we can see in upside 44579/44715 Keep stop loss at 44208 Sale below 44208, if levels sustains at least for 30 Mints. Targets we can see in downside 44038/44883 Keep stop loss at 44454 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
Banknifty Tradesetup for 16-10-2023BankNifty important levels to watch are as follows #Support: 44050 Sell below: 44050 only on 15 minute candle closure below the level. Target 1: 43940 Target 2: 43760 #Resistance: 44220 Buy Above: 44220 only on 15 minute candle closure Above the level. Target 1: 44340 Target 2: 44515 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:BANKNIFTY
by InvestyourAsset
BankNifty Intraday Levels 16th Oct 2023Good Morning Everyone, Trends on Gift Nifty indicaties a flat to positive start in indian market. The market was under selling pressure on Friday as IT heavyweights continued to trade lower on concern over demand outlook and a slide in the banking stocks worsened the sentiment. That was the reason Banknifty have shown sharp declined (-311 points) in last one hour session. But if i talk about strong support in banknifty is at 43600-43800. And resistance lies at the 45000 mark. Well overall market sentiment remains bullish as long as the critical support 43600 holds, and a breach below this levels can take banknifty more down,,On the upside substantial resistance levels in placed at 45000 and breakout beyond this points is likely to trigger significant short covering. Important levels for Bank Nifty:- Intraday support zone 44000 Strong Support zone 44600-44800 Intraday resistance zone 44700 Strong resistance zone 45000 Buy above 44378, if levels sustains at least for 15 mints. Targets we can see in upside 44530/44690 Keep stop loss at 44195 Sale below 44195, if levels sustains at least for 15 mints. Targets we can see in downside 44048/43818 Keep stop loss at 44378 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