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#Banknifty directions and levels for DEC 14th "Good morning, friends. Directions for December 14th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a significant gap-up start, creating uncertainty about its exact opening position. Here's the basic structure: if the market breaks the immediate resistance with solid momentum or experiences minor consolidation, then we can expect a rally continuation. On the other hand, if it rejects around the immediate resistance, we can anticipate a correction, but it should break the 38% Fibonacci level. I will provide updates if there are any changes in this chart during the mid-market session."
NSE:BANKNIFTY
by Manickamtraders
13th Dec ’23 - BankNifty does a W pattern on the ascending trendBankNifty Today’s Analysis The opening candle in Banknifty had a swing range of 189pts ~ 0.4%. That candle looked dangerous and I really thought we would have a deep RED day today. Quite interestingly, BN made a W pattern right at the top band of the ascending channel (see the 63mts chart link also). 4mts chart link - click here Once BN got caught in that channel envelope, it was blindly following that path. The final close is at -0.01% - it cannot get more flat than this. The W pattern may change the dynamics for tomorrow - usually, it favors the bulls. So we need to wait and watch for the first hour or so tomorrow and then decide. From an expiry trading perspective, the OTM options really did not have any premium to start with. The opening moves gave some rush and then the reversal by 12.31 also gave some boost to the strikes. 63mts chart link - click here BankNifty has entered the ascending channel and from a medium-term perspective, it all looks bullish to me. For tomorrow, I wish to start with the neutral stance and then change course as the price action develops. Falling below 46565 is bearish to me.
NSE:BANKNIFTY
by viswaram
Banknifty Prediction for tomorrow 14 Dec 23As we have discussed yesterday, BankNifty gave a fall and then took support at 46900, which was a minor support zone. Because of expiry it turned out to be a sideways day. according to the OI as 0.95 it seems bullish. But according to the price action 47200 will be acting as resistance level. if it breaks 47200 to upside then it will go bullish. Reasons: RSI 40-60 sideways now if breaks 60 level upside then it will turn bullish again. OI shows bullish with PCR 0.95. Price > EMA(13,50) which shows a bullish signal. If breaks the 47200 level then it will be providing nice momentum. else will be sideways. Has broken resistance trend line to upside more chances to go up. Verdict: Sideways < 47200 if breaks to upside go bullish. Plan of action: keep neutral position below 47200. once breaks go bullish.
NSE:BANKNIFTY
by finnova_
BankNifty levels - Dec 14, 2023Utilizing 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 DEC 13thGood morning, friends. Directions for December 13th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a neutral to slightly gap-up start. Structurally, it's a range market. However, if the market breaks the immediate resistance with a solid structure, then we can expect a pullback continuation. On the other hand, if it rejects that level, then the previous range will likely continue. The same applies to a downtrend. If the market finds support around the immediate support level, then the range will continue. However, if it breaks this level, we can expect correction continuation."
NSE:BANKNIFTY
by Manickamtraders
BankNifty Intraday Trade Setup | 13th DecBankNifty has formed bearish pattern yesterday on daily time and today we got the closing below yesterday's low. Tomorrow, if BN sustains below the physiological level of 47000 it can further slide upto 46850 and below levels. Expectations: Volatile Day Intraday Levels: Buy Above - Multiple resistances, will look for sell on rise if opens with gap-up. Sell Below - 47000 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTYShort
by InvestPro_India
1
BankNifty levels - Dec 13, 2023Utilizing 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 - Dec 12, 2023Utilizing 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
LICHSGFIN Ready For ATH level 🚀🚀Financial Performance: -Total revenue from operations grew by 33% compared to the previous year. -Net interest income increased by 83%. -Net interest margins remained above 3% for two consecutive quarters. Highest ever quaterly and yearly results. Target: 1st target 570 2nd target 660 3ld target 780 ATH level. Warning:- Please note that I'm not a financial advisor, and investing in the stock market involves risks. It's important to do thorough research or consult with a financial professional before making any investment decisions.
NSE:LICHSGFINLong
by mDeepak_
BANKNIFTY prediction for tomorrow (Moday) 11th DecAs we discussed, Banknifty's analysis gave a really nice momentum after the election result. Now, Banknifty is trading at a high time and is also forming an inverted HNS pattern. However, Inverted HNS works best at the bottom of the trend, not at the top. I am expecting a correction or sideways consolidation for Banknifty in the upcoming week. Reason: RSI = 75 (Bullish) trading in the bullish zone. (Bullish) Inverted HNS breakout. Only make a bullish position if retraced. (Partially Bullish) Price > EMAs, 50 EMA was providing a nice support point. (Bullish) 46550 will be acting as a strong support point. OI is still showing HUGE PE writing on 47000. the only point of concern on the upside is 47500. (Bullish) FII Data is neutral in the case of Banknifty. Verdict: Bullish Plan of action: Follow the Chart plan.
NSE:BANKNIFTYLong
by finnova_
8
BankNifty levels - Dec 11, 2023Utilizing 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 DEC 8th"Good evening, friends. Directions for December 8th: there is no significant difference from the last session. The global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a neutral to slightly gap-up start. We have an RBI monetary policy announcement tomorrow; the structure is not important here. The market might move based on the event. However, if the market experiences a pullback, it will likely reach the immediate resistance, a crucial zone. After that, if the market breaks it with a solid structure, then we can expect a pullback continuation. On the other hand, if it rejects that level, then the previous range will likely continue. The same applies to a downtrend. If the market finds support around the immediate support level, then the range will continue. However, if it breaks this level, we can expect correction continuation."
NSE:BANKNIFTY
by Manickamtraders
BankNifty levels - Dec 8, 2023Utilizing 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 DEC 7th."Good morning, friends🌺! As of December 7th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a gap-down start, considering the GiftNifty value at -50. Afterward, if it breaks the immediate support level, then we can expect a continuation of the correction. However, if it finds support around the immediate support level, it might turn into a range market for a pullback continuation. The rally will occur only if it breaks the previous high with a solid structure. Otherwise, it will form a consolidation structure."
NSE:BANKNIFTY
by Manickamtraders
Bank Nifty: Month December 2023Bank Nifty is on Life time high..... May we see Bank Nifty till the marked levels.... As per me 47300-400 range is a good resistance zone for the said Index. Still we may see a New high of Bank Nifty till the marked levels and then might be a good reversal to make it Life time High for next couple of months..... Bank Nifty may is on reversal mode or in upside mode. I am just sharing for the reading purpose, hence i am not giving any levels. Keep Learning with NG!!
NSE:BANKNIFTY
by nitinsgrover
BankNifty levels - Dec 7, 2023Utilizing 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 DEC 6th."Good morning, friends🌺! As of December 6th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a gap-up start, considering the GiftNifty value at +60. Afterward, if the gap-up has a solid structure, then we can expect the rally to continue. On the other hand, if the gap-up doesn't sustain or if it reaches the immediate resistance with minor consolidation, then it might turn into a correction. However, we should wait for confirmation to use the Fibonacci levels from yesterday's minor low to the upcoming high. If it breaks the 38% level, then we can expect a minimum 78% swing low."
NSE:BANKNIFTY
by Manickamtraders
5th Dec ’23 - New all time high for BankNifty - 47230.55BankNifty Analysis Just like we discussed yesterday, BankNifty outshined Nifty today. But surprisingly FinNifty did not correlate with Banknifty. That is unusual as the major components are the same. A detailed look into these stocks BAJFINANCE, BAJAJFINSV will give you the reason. 5mts chart link - click here HDFCBANK had a higher pre-open indicative price, the initial gap-up followed by cooling off was attributed to this. ICICIBANK hit a new ATH today. Most of the other bank stocks are hovering around those levels except HDFCBK and KOTAKBK. Even after a minor cool-off between 11.00 to 11.40 - we managed to close today with impressive gains of 580pts ~ 1.25%. The new ATH is 47230.55 63 mts chart link - click here On the 63mts TF, the island formation is clearly visible today. Yesterday’s strong green candles definitely give BN a psychological advantage to go long. I prefer to stay long with the first level to fall back at 46189.
NSE:BANKNIFTYLong
by viswaram