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Bankniftyview

BankNifty levels - Jul 26, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty Intraday Support & Resistance Levels for 25.07.2024On Wednesday, BankNifty took support at the 15m demand zone mentioned in the last post (linked in "Related Ideas" below) and bounced to 51512 before closing at 51317, losing 461 points. BankNifty broke the demand zone mentioned previously, and the nearest major support seen on the chart is at 50253, where there is a weekly support zone. The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) is now sideways. Support Levels: Major Demand/Support Zone (Weekly): 49530 - 50253 Resistance Levels: Near Supply/Resistance Zone (30m): 52559 - 52783 Far Supply/Resistance Zone (30m): 53064 - 53188 Major Supply/Resistance Zone (75m) for weekly trade: 52880 - 53187 Note: While writing this, GIFTNIFTY is showing 220+ points negative, indicating a potential gap down opening.
NSE:BANKNIFTY
by PriteshPalan
Bank Nifty View in 15 mins TF - July 8thWave Analysis: Bank Nifty is trading in a range with a bearish bias. It has completed waves A and B and now appears to have entered wave C, suggesting we might see a sharp one-sided (wave 3 of wave C) move in the coming days. Based on wave analysis and Fibonacci extension, Bank Nifty can reach the mentioned demand zones. This view will become inactive if it breaches the mentioned levels. Ichimoku Cloud: Bank Nifty is trading below the Tenkan-Sen (TS) and Kijun-Sen (KS) in the 1-hour time frame and is standing at the cloud bottom support. If it moves below the cloud, it will turn completely bearish. If the mentioned inactive level breaks, the price will come out of TS and KS, resuming its uptrend. Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions and for education purpose only. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYShort
by WaveMoku
BankNifty levels - Jul 25, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty Intraday Support & Resistance Levels for 24.07.2024On Tuesday, during a highly volatile budget session trading day, BankNifty opened gap up inside the 15m supply zone mentioned in the last post and fell 1200 points, making a day low of 51342.65. It re-entered the Daily Demand zone but did not break the bottom of the zone, closing inside with a 502-point drop at 51178.30. The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) is now sideways. Support Levels: Near Demand/Support Zone (Daily): 51138 - 51934 Minor Demand/Support Zone (15m): 50597 - 50825 Major Demand/Support Zone (Weekly): 49530 - 50253 Resistance Levels: Near Supply/Resistance Zone (30m): 52559 - 52783 Far Supply/Resistance Zone (30m): 53064 - 53188 Major Supply/Resistance Zone (75m) for weekly trade: 52880 - 53187
NSE:BANKNIFTY
by PriteshPalan
#BUDGET2024 POV ON BANKNIFTY RECOVERY 24/07/2024BANKNIFTY Today will be opening with GUP-UP as I told if the market shows some unsustainability or opens with the GUP-UP market going downside. let's forget to get this talk the main point is that after the BUDGET2024 was published we had some short moves in the downside direction usually I tell you to take the trade with some patience but now today's market I think there is a trap for retail buyers by FII/DII the big players making short whereas retailers have bullish POV. After the recovery have a chance of some sort of sideways but if the market shows some interest in the Indian market credibility there a chance the market not be crash or any type of correction. But we can see some short directions because of some BIGPLAYERS interruptions (FII/DII). L E V E L S:- SUPPORT:-51300 51000 RESISTANCE:-52500
NSE:BANKNIFTY
by TheGoldenRatio-6
BankNifty levels - Jul 24, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty Intraday Support & Resistance Levels for 23.07.2024On Monday, BankNifty entered the 75m and daily demand zones, bouncing 500 points from the day's low before closing at 52880.40. A decisive crossover above 52750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) are still positive. As mentioned in the last post, the support and resistance levels remain the same. Support Levels: Near support/demand zone (75m) for weekly trade: 51749 - 51966 Major support/demand zone (Daily): 51138 - 51934 Resistance Levels: Near small supply/resistance zone (15m): 52482 - 52563 Far supply/resistance zone (30m): 53064 - 53188
NSE:BANKNIFTY
by PriteshPalan
Banknifty Budget day prediction for tomorrow 23 Jun Tomorrow is Budget Day; all of you must be very excited to trade it. Usually, there is not very good price action for such events. The market might take turns from pivotal points marked on the chart. If we look at the chart now: The market is trading near the support zone and support trendline. The market has been consolidating for the last 15 days. If the range breaks to the upside, the market can give very nice momentum. Support levels: 52210, 52086, 51778, 51318 Resistance levels: 52657, 53178 If we look at the OI data: PCR = 0.59 shows bearish market behavior. There is good CE writing on the 52300 and 52500 levels, which shows a good resistance point. On the other hand, 52000 and 51500 is having good PE writing that might give good support points. Reason: RSI is 40 - 60, showing the market is going to be a sideways structure. Price trading at 200 EMA can go either way. PCR = 0.59 shows that the market is Bearish. Price > VWAP shows a Bullish market structure. Verdict: Neutral Plan of action: Wait for 15 min candle. Wait for good price action on the 52000 levels, and make your positions accordingly.
NSE:BANKNIFTY
by finnova_
BankNifty levels - Jul 23, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty Intraday Support & Resistance Levels for 22.07.2024On Friday, BankNifty remained within its range and did not cross the major resistance level of 52750, closing 355 points down at 52265.60. A decisive crossover above 52750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) are still positive. Banknifty might be highly volatile today due to the Budget session scheduled today. Support Levels: Near Support/Demand Zone (75m) for weekly trade: 51749 - 51966 Major Support/Demand Zone (Daily): 51138 - 51934 Resistance Levels: Near small supply/resistance zone (15m): 52482 - 52563 Far Supply/Resistance Zone (30m): 53064 - 53188
NSE:BANKNIFTY
by PriteshPalan
19 Jul 2024 - 5 swings on 18th, lower volatile day today vs N50BankNifty Stance Neutral ➡️ Last week we published a report stating our neutral stance, and that held up quite well as we stayed range bound this week. Technically we lost 0.23% ~ 119pts to end the week at 52221. NiftyIT was the main reason N50 swung up and down this week, esp on the 18th. BankNifty was not spared either, we had 5 swings that particular day and anyone who ran a non-directional straddle would have faced the heat. Luckily my algos went into some technical error & I got stopped out by 09.52 with a minor loss. We dropped 231pts ~ 0.44% in the first 4 minutes, then rose 502pts ~ 0.96% by 10.11, then fell by 484pts ~ 0.92% by 11.31. Then we had a super rally of 595pts ~ 1.14% till 14.27. From this peak, we fell 226pts ~ 0.43% till close. It makes me believe such intensity of madness usually appears at TOPS. BN was quite decent today, we fell only 0.67% today compared to 1.095 on N50, but we do not have enough clues to go short yet. We would like to begin the next week with a neutral stance and then take it up from there.  The budget is on Jul 23 and the volatility will definitely go up on Monday, I have not decided whether to run the algos on Monday & Tuesday or not.
NSE:BANKNIFTY
by viswaram
BankNifty levels - Jul 22, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty Intraday Support & Resistance Levels for 19.07.2024On Thursday, BankNifty attempted to cross the crucial level of 52750, mentioned in the last post, and made a high of 52782.75 but failed to close above it, ending 223.90 points up at 52620.70. A decisive crossover above 52750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (15m): 52187 - 52315 Near Support/Demand Zone (75m) for weekly trade: 51749 - 51966 Major Support/Demand Zone (Daily): 51138 - 51934 Resistance Levels: Near small Supply/Resistance Zone (30m): 53064 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty levels - Jul 19, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty Intraday Support & Resistance Levels for 18.07.2024On Tuesday, BankNifty stayed within a 300-point range before closing 59 points down at 52,396.80. A decisive crossover above 52,750 with volume might lead to a new all-time high. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (75m) for weekly trade: 51,749 - 51,966 Major Support/Demand Zone (Daily): 51,138 - 51,934 Resistance Levels: Near small Supply/Resistance Zone (30m): 53,064 - 53,188
NSE:BANKNIFTY
by PriteshPalan
BankNifty levels - Jul 18, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty levels - Jul 16, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Banknifty Prediction for today 15 July 24As we discussed, BANKNIFTY opened in a sideways zone, touched the resistance zone, and then fell nicely and ended up sideways closing. If we look at the chart now: The market is trading near the support zone. The market is making the Inverted HNS, which shows the market can be bullish today as the right shoulder is yet to complete. I have illustrated both cases in the chart to see if it opens a gap down or a gap up. Support levels : 52086, 51778, 51318 Resistance levels : 52657, 53178 If we look at the OI data: PCR = 0.78 shows mild bullish market behavior. There is good PE writing on 52000 levels, which shows a good support point. On the other hand, 52500 has very good resistance as having the highest CE writing. Reason: RSI is 40 - 60, showing the market is going to be a sideways structure. Price > EMA(13, 50, 200) shows bullisah market structure. PCR = 0.78 shows that the market is mildly bullish. Price < VWAP shows a bearish market structure. Verdict: Neutral Bullish Plan of action: wait for 15 min candle. Wait for good price action on the 52000 levels, and make your positions accordingly.
NSE:BANKNIFTY
by finnova_
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