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Bankniftytrendanalysis

FASP levels for Bank Nifty 17/03/2023The FASP for BankNifty is listed for 17-03-2023 . 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:BANKNIFTYShort
by SathishChandrasekaran
PostMortem on BankNifty Today & Analysis of 14 Mar 2023If you just saw the open & close price of NSE:BANKNIFTY , you would have missed the real drama of the day. A perfect day for the straddlers - but i am 100% confident none of the traders would have held onto their position till close to realize the full profits. Must admit there was no trend like yesterday, but there was spike in volatility in between - we will analyze it one by one. Open was quite inline at 39522 if we consider the price fall slope of yesterday. Then we had a strong dip in the 2nd candle ~ 206 pts swing. In the 3rd & 4th candle we had a counter swing ie upside ie 430pts and briefly hitting the resistance of 39742. These 2 swings should have taken out the stop losses set by the traders who were doing straddles. Now from the resistance zone we had a decent rejection and downward continuation till 11.15 where we hit the low point of the day. From 11.15 to 12.00 i felt all the premiums of the CE has died. Thats when i posted this. "$BANKNIFTY at interesting point. CE premiums almost at low point, further credit spread sellers are looking at low rewards unless there is a pull back" Its because for the credit spreads to happen, the seller needs good premium so that his position carries a favorable risk:reward. When the premiums are at the low point of the day - there is no incentive to sell options. Quite magically bank nifty rose 488pts from 12.05 to 12.30 giving enough opportunity to the sellers to re-enter trades. This surge did not even touch the resistance level showing it was not a serious one. What followed that was again a downward continuation - but notice the momentum was quite not there as yesterday for further breakdowns. NSE:BANKNIFTY managed to close near the open level giving some encouragement for the bulls to try their luck tomorrow. Also the trades after 13.30 had no strength - it may be because of the FINNIFTY expiry happening.  --- 15mts TF shows the first leg of the downfall getting formed. We will wait for a lower high to form to know if the downward trend is intact or not.  If it rises above the area it fell from ie above 40800+ levels we will have a trend negation pattern. --- 1hr TF should give some confidence to the bears as today's trade was below the crucial resistance of 39742. Also its below the range it broke down from. If bank nifty enters back to the range, then the bearish bias will lose credibility soon and the range continuation may happen.
NSE:BANKNIFTY
by viswaram
Bank Nifty: Monday - 06/03/23Levels: Support: 41200, 40900, 40700-40650 Resistance: 41250, 41320, 41460, 41750, 41900 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 41251.35 ATM: 41300 , ITM: 41200, 41100, 41000 , OTM: 41400, 41500, 41600 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 42000 Highest OI Put in Bank Nifty per IO data: 41000 Nearest Major Resistance in Bank Nifty per OI data: 41600 Nearest Major Support in Bank Nifty per IO data: 41100 ---------------------------------------------------------------------| Trade setup: +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 41350 | 41250 | 41500 | 41650 ----------------------------------------- SELL | < 41200 | 41300 | 41000 | 40850 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYShort
by pradipandsuvra
FASP levels for Bank Nifty 06/03/2023The FASP for BankNifty is listed for 06-03-2023 . 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:BANKNIFTYShort
by SathishChandrasekaran
FASP levels for Bank Nifty 02/03/2023The FASP for BankNifty is listed for 02-03-2023 . 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
PostMortem on BankNifty Today & Analysis of 28 FEB 2023Today was relatively flattish trading day except may be the period 13.50 to 14.10 when we had a minor scare ! There are 2 major news, one acting on the bull side & the other bearish for NSE:BANKNIFTY tomorrow ! HDFC & NSE:HDFCBANK merger news 2. India's GDP rises to 4.4% vs 4.6% estimates India's GDP Growth Slows To 4.4% In Q3; Pegged At 7% For Full Year So the trade today has set up a perfect stage for tomorrow, i may not know the direction but i seriously think we might be able to get a trend. Today's open was inline at 40302 and stayed above the support line, infact we had a good range bound trade for 4hr 40mts. This also reflected quite well with the FinNifty as well & the expiry trading would have worked out quite well for the latter. NSE:BANKNIFTY was not at all looking in the mood to rally or break today - it seemed like there was so strong momentum in either direction. But by 13.26 i almost thought we will have a good fall & posted the same in bank nifty minds in TradingView "i am ready if NSE:BANKNIFTY is planning to fall" The fall lasted only 231pts and briefly broke the support line (not a conclusive break still), before recouping the losses & returning to where it started. During the close i felt there was a huge volume traded on NSE:ICICIBANK NSE:SBIN NSE:AXISBANK NSE:KOTAKBANK . Maybe its related with the month end closing or rebalancing - but the spike in volumes seemed like a positional build up or unwinding for me. The volume is one of the reason i feel we could expect a support or resistance break tomorrow.  Regarding the options premium - we had a good decay today & lack of volatility would have killed the spirits of the option buyers & debit spread takers. Straddlers would have enjoyed trading today ! --- 15mts TF shows a range bound trade (not perfect range, ideally range should be within the support & resistance levels) for 6 days 4hrs now. Those who had positions from 16th feb & went through the fall would be feeling quite uneasy by now. I was hoping for the retest of 39742 lows in this series itself, since there are 2 more days to go i will keep the hopes alive. --- 1hr TF shows a possibility of a double bottom (W pattern), but for this pattern to work the trades breakout. If we have further consolidation then this pattern will not play out well. I havent changed my bearish view for the 1hr TF yet, i still need to see close above the resistance levels to change by opinion. And clearly it doesnt pay to have an opinion - its how we react when markets prove us wrong ! to view the 4 charts in today's discussion visit viswaram. com
NSE:BANKNIFTY
by viswaram
FASP levels for Bank Nifty 01/03/2023The FASP for Nifty is listed for 01-03-2023. 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:BANKNIFTYShort
by SathishChandrasekaran
PostMortem on BankNifty Today & Analysis of 27 FEB 2023Surprising price action by NSE:BANKNIFTY today, especially the last 40mts when the bounce from the support took it to the HOD. The preopen rates today was not indicating any hint of green, still NSE:BANKNIFTY hit the resistance in the 4th candle after the gap down open. The first candle it fell to the support level of 39742 & the bounce was good enough! 39742 comes to the rescue again, but today's support is quite something special. NiftyIT and NSE:NIFTY were bleeding today. IT was almost 2.7% down by 10.15, Nifty was down almost 1% - same time NSE:BANKNIFTY was only 0.12% lower.  By 11.15 NSE:BANKNIFTY had hit the resistance again, this time a strong hourly green candle. If we split down in the 5mts TF we had 3 amazing swings today. The second swing of 1.09% ~ 432pts from 10.15 to 11.50 and then a final 40mts rally of 0.56% ~ 223pts that ensured NSE:BANKNIFTY is closing with an overall gains of 1% whereas NSE:NIFTY was still down 0.42% & CNXIT down 1.95%. I really dont know what made NSE:BANKNIFTY outperform the other 2 index today - not remembering reading any change in fundamentals or news events for this surge. --- If we look at the 15mts TF we can see a minor breakout from a 5 day 4 hour session. If we need further bullish momentum we should see tomorrow's trading zone to be well above this range depicted. If we fall back to the range-zone, what just happened today will turn out to be another fake move. --- 1hr TF almost showing a W like pattern (double bottom) right at the support zone. For this pattern to play out as per the text book, further trade has to happen above 40400 levels. Failure to take out the next resistance will look very promising for the bears as they still have the upper hand till 41600 levels. We had a similar W like pattern on 30th Jan - 02 Feb period - but that did not playout mainly because bank nifty was unable to breakout. to see all 4 charts in today's report visit viswaram. com
NSE:BANKNIFTY
by viswaram
FASP levels for Bank Nifty 27/02/2023The FASP for Nifty is listed for 27-02-2023. 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
1
FASP levels for Bank Nifty 24/02/2023The FASP for Bank Nifty is listed for 24-02-2023. 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 21/02/2023The FASP for Bank Nifty is listed for 21-02-2023. 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 17/02/2023The FASP for Bank Nifty is listed for 17-02-2023. 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:BANKNIFTYShort
by SathishChandrasekaran
Banknifty daily analysis for 14/02/23.Banknifty has given a negative candle but still the market is holding the support levels of 41250. The market has been facing resistance from the 20 ema and if it crosses today's low, it can test the round number of 41000. On the hourly charts, the market has formed a bearish flag and pole. The market in the initial hour gave a fall and consolidated whole day in a narrow range. The market has closed below both the moving averages. The market has is showing some negativity and if it continues the trend, it can test lower levels. On the 15 minute charts, the market has formed a bearish moving averages cross over. support :- 41240, 41000, 40840 Resistance :- 41380, 41680 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade