Get started

Bankniftyview

#Banknifty directions and levels for March 1st.Banknifty closed +150 points with a range-bound structure in the last session. Giftnifty indicates a gap-up start. If the gap-up breaks or sustains around 46448, then we can expect further rally continuation. However, if the market rejects there (46448) or if the initial market declines sharply, then structurally the range market will continue. we could wait for the 38% Fib level breakout for confirmation. If it breaks the 38%, then we can expect a 61 to 78% correction."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY MATHEMATICAL LEVELS FOR CURRENT EXPIRYThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by YASHSINCE1995
Banknifty prediction for tomorrow 1 March 24As we discussed yesterday, bank nifty took support at 45600 and then moved back to the bullish side with huge volatility. If we look at the chart data: The market is trading below the 200 EMA-(30-min TF). which may provide a good resistance at this point. 45700 has proven to be a good support zone. RSI still needs more strength to get a good bullish momentum. If we look at the OI data: PCR = 0.82, which shows the market's bullish sentiments. 46000 is going to be MAXPAIN. There is good resistance to CE shorting at each upper level. However, there is not much OI build-up on the lower side. I am expecting the market to take a bearish momentum till 45700, and then it will take support and pull back stronger. Reasons: 200 EMA > Price > EMA(13), which shows the market has bullish sentiment but not enough strength to make a good bullish move. (sideways) 200 EMA is going to provide good resistance at this level for now. (sideways) RSI is in the range of 40-60, which is mostly sideways. (sideways) The last two candles show a heavy fight between bulls and bearish. (sideways) Price >= VWAP, which shows that price is balanced with volume. (Bullish) PCR = 0.82, which shows the market's bullish sentiments Verdict: Sideways Plan of action: Make a bull position once the market takes support at 45700.
NSE:BANKNIFTY
by finnova_
29 Feb ’24 BankNifty still looks bearish until the resistance...BankNifty Analysis - Stance Bearish ⬇️ BankNifty ended the day in GREEN, up 157pts, but we are still bearish as the resistance line was not taken out (bearish trend line). Also, we are in the bearish channel, the longer we stay in it - the stronger the BEARS grows. 3 candles between 09.59 to 10.07 gave away 498pts ~ 1.08%. And we really thought, it could be the beginning of a longer bear attack. Well, our short call for today did not work out as planned - we were able to cover up some losses as the expiry trades gave outsized premiums due to a spike in IV. The last 30 minutes added 394pts ~ 0.86pts. 4mts chart A part of the spike in volume could be attributed to the monthly rebalancing. That also means a portion of the price action could be manipulated as well. We will get to know in detail during the opening hours tomorrow. We wish to maintain the bearish stance as long as the sloping blue resistance is not taken out. To go bullish, BN has to rally all the way up above the double-top pattern. 63mts chart Algo Trading Due to the monthly expiry, I did not have spare funds to deploy for Algo trades, instead, I put them on the forward test mode. It showed a profit of 19858 I am a registered financial advisor & would be happy to be of assistance to you. DM me for more details.
NSE:BANKNIFTYShort
by viswaram
BankNifty levels - Mar 01, 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 directions and levels for FEB 29thBank Nifty also has the same sentiment. Structurally, it could fall a little bit, so if the gap-up doesn't sustain, then we can expect a correction that will reach the Fibonacci level of 61% (45675). After that, if it finds support around there, we can expect a minimum of a 23 to 38% pullback wave. However, if it breaks it, then the correction will likely continue. Alternatively, if the gap-up sustains, then we could expect a range market initially. After that, if it breaks the supply zone, then the rally might continue. On the other hand, if it breaks the previous low, then the correction will continue further
NSE:BANKNIFTY
by Manickamtraders
Banknifty prediction for tomorrow 29 Feb 24Let's discuss the BANKNIFTY prediction for tomorrow, as today was expiry, and it gave a nice fall. If we look at the chart data: The market is making a flag and pole pattern. Right now, it's in the Flag process, taking support at the lower trendline. 45600 seems to be the next good support point. If we look at the OI data: PCR = 0.60 shows the bearish market structure. Where 46000 is MAXPAIN. There are multiple resistances to the upside. But there is very little support on the lower side except 45500. All important levels have been marked at chart. If we look at the FII & DII data, it directly indicates a bearish market structure where pros have heavily shorted options. Now, there are two cases at this point. Case 1: The market can take support at this support line. And move to the bull side. Case 2: If the market is broken to the downside, the next support point is at 45573. Reasons: Price < EMAs, which shows bearish market structure. RSI < 40 shows weak bulls strength. OI data PCR = 0.60 shows heavy bearish. Making flag and pole pattern, which might lead to bullish momentum from the point at the trendline. Verdict: Bearish Plan of Action: Case 1: If the market takes support at the trendline. --> SELL 46000 PE (Hedge it with 20 rs PE) Case 2: If the market breaks the downside --> Wait for it to make price action at 45573. If there is any doubt pls comment I will be happy to clearify.
NSE:BANKNIFTYShort
by finnova_
BankNifty levels - Feb 29, 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
FASP levels for Bank Nifty 28/02/2024The FASP for BankNifty is listed for 28-02-2024. 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
27 Feb ’24 — Banks are still neutral, but in the Bearish ChannelBankNifty Analysis - Stance Neutral ➡️ BankNifty is still managing to stay below the bearish trend top line and that means we are in the bearish channel as of now. You might wonder if we are in the bearish channel - why is our stance still neutral? The answer is that, even though we have entered the bearish channel, BN has not shown any signs of breakdown. We are still knocking the resistance level and trying to keep up with Nift50’s direction. 4mts chart Over the last 2 months, most of my directional bets have gone awkwardly wrong. On investigation, I came to know that it is because of NiftyIT. The level of uncertainty and the swing range of IT stocks are really taking a toll on the stability of Nifty50. Either we need to have FnO enabled on NiftyIT so that we can hedge and tide over the problems it is causing or the Banks have to take charge and cast them out. 63mts chart On the higher timeframe, BN is still following the double-top pattern with the trades being conducted in the bearish channel. To go bullish, BN has to reclaim the 47465 resistance whereas to go bearish all it has to do is just fall another 650 to 700 points. We wish to look out of neutral trades till the directional clues emerge. Algo Trading Our algo trades ended today with a gain of 17460. We closed the trades prematurely as 85% of the day’s target was hit within 11.29 and did not want to risk the lead.
NSE:BANKNIFTY
by viswaram
BankNifty levels - Feb 28, 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 directions and levels for FEB 27thBanknifty has undergone consolidation in the last session. If today's gap-up sustains, then we can expect 47089, which is a triangle resistance level (78%). If it rejects there, then the range market will continue for another one or two days. Alternatively, if it breaks, then we can expect a rally continuation in the upcoming trading session. Alternatively, if the gap-up doesn't sustain and breaks the previous day's low, then we can expect a correction that will reach a minimum of the demand zone at 46320. After that, if it finds support there, then we can expect a minor pullback. However, if it breaks that level, then the correction will likely continue.
NSE:BANKNIFTY
by Manickamtraders
26 Feb ’24 — Banks showing some weakness, below the bearish lineBankNifty Analysis - Stance Neutral ➡️ BankNifty on the other hand was looking weaker. Technically BN only lost 0.5% vs Nifty 0.41% - but the price action & visual impact showed the Banks ceding their bullish control. If you look at the sloping bearish trend line, we opened below that went up for a brief time and then fell back below water. We rejected the resistance twice today showing some signs of the steam cooling off. 4mts chart On the higher timeframe, we have not yet broken away from the bearish resistance line. But the double top formation also leaves a visual clue. If the bulls had more control of the situation, they should have knocked out the 47465 resistance by now. It all depends on how BN will trade tomorrow and Wednesday. This time around, the torch bearer for Nifty50’s directional trend was all NiftyIT. BankNifty was the laggard and with 37% of weightage, it is quite impossible to rule out the strength of the banks. The first thing we would like to do tomorrow is to find some non-directional trades if BN stays in the bearish channel. To go bullish, BN will have to take out the peak of the double top formation i.e. 47250+ levels. 63mts chart Algo Trading Our algo trades ended today with a gain of Rs19367 today, we manually squared off the trades by 14.45 to protect the profits.
NSE:BANKNIFTY
by viswaram
Bank Nifty - 27/02/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 27/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 46610 – 46650 Important Support and Resistance for the Day... Support - Resistance - Support-1: 46510 Resistance-1: 46650 Support-2: 46400 Resistance-2: 46800 Support-3: 46330 Resistance-3: 46950 Support-4: 46100 Resistance-4: 47000 ____________________________________________ Happy Learning and Trading – TST5121 Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM 20 -> 20 EMA in Day Red Zones... -> Resistance-Zones Green Zones... -> Support-Zones IMP -> Important PDH -> Previous Day High PDL -> Previous Day Low PDC -> Previous Day Close PDO -> Previous Day Open PWH -> Previous Week High PWO -> Previous Week Open PWC -> Previous Week Close PWL -> Previous Week Low D_S -> Day Support D_R -> Day Resistance W_S -> Week Support W_R -> Week Resistance W_O -> Week Open W_C -> Week Close LW_O -> Last Week Open LW_C -> Last Week Close MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)
NSE:BANKNIFTY
by SriTrader5121
BankNifty levels - Feb 27, 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
Bank Nifty (Neowave Update)Degree full forms- L1 stand for Long term wave 1 and so on M1 stand for Medium term wave 1 and so on S1 stand for short term wave 1 and so on Hello Everyone, Welcome to Trading Idea, This is a short term forecast but trade always in direction of bigger cycles. Any last minute update will be done on our tradingview live links. I hope you are enjoying my forecast, if you love the content than kindly like and share it with your friends. Also keep following us for more neowave trading ideas. Thank you Medium Term Forecast- Previous Forecast
NSE:BANKNIFTY
by Neowave-forecast
BankNifty Intraday Trade Setup | 26th FebToday BankNifty opened with a gap-up above physiological level of 47000 but faced resistance at 47200 - 47250 zone and we saw selling towards 46850 zone and after that BankNifty was trading in a small zone for entire day. For tomorrow, BankNifty has to sustain above 47160 for further upside which can take BankNifty towards 47270 and upper marked levels. On the other side, if BankNifty breaks 46750 on downside, we expect to see 46630 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 47160 Sell Below - 46750 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
23 Feb ’24 — BankNifty rejects the bearish trend line.BankNifty Analysis - Stance Bullish ⬆️ BankNifty fell 108pts today and still, it looks bullish for us. The reason is, the bearish trend line was rejected and as long as we stay on top - we are immune to bear attack. A few candles were quite abnormal today, with the price action from 10.19 to 10.38 and then the 13.19 candle that single-handedly took out 193 points. Even after all that, the bears were not able to get a close below the support line. 4mts chart On the higher time frame, BN has made a double top at 47200 levels. We will be considering that with a pinch of salt as we do not know what technical pattern gets a higher priority - the double top or the support rejection. We might have to go with the trend here and assume the direction is upward. We will only get to know this when BN attempts the next resistance of 47465. A resistance rejection would tip the scale in the Bear’s favor. 63mts chart
NSE:BANKNIFTYLong
by viswaram