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Banknifylong

Bank Nifty Technical analysis for Tomorrow Your technical analysis for Bank Nifty on 05/10/23 i. Here is a summary: **Market View:** Bearish **Support Levels:** 43770 **Resistance Levels:** 43995/44200/44400 **Analysis:** * Bank Nifty is currently in a bearish trend. * If the market breaks below 43770, further downside is possible, down to 43500. * On the upside, resistance is seen at 43995/44200/44400. **Conclusion:** Traders should be cautious about buying options in Bank Nifty, as the market is in a bearish trend. If the market breaks below 43770, traders should look to sell short. **Additional Notes:** * It is important to note that technical analysis is not a perfect predictor of future market movements. Traders should always use risk management techniques when trading. * It is also important to consider other factors, such as fundamental and macroeconomic data, when making trading decisions. **Disclaimer:** This is not financial advice. Please do your own research before making any trading decisions.
NSE:BANKNIFTYShort
by santubittu
PostMortem on BankNifty Today & Analysis of 18 MAY 2023 expiryWeekly Analysis In this expiry week, 12th to 18th May banknifty has moved up only 0.61% ~ 263pts. We have hit an important milestone this week though, 0.10 pts shy of all time high - 44151.7 on 15th. Banknifty is immensely bullish considering how Nifty50 is behaving. A trader on 15th or 16th would have normally expected BN to surpass the ATH to hit new records. The pull back of 380pts from the swing high is mainly because of the negative sentiment of Nifty50.  It could even be a normal profit booking after a breathless run, and as banknifty has not tested the support on 17th or today - the bull run should stay intact. --- Today's Analysis We had a gradually declining day today after the gap up open at 44006. The price action may appear negative due to the falling shape, but we still ended the day in green. There was a 272pt abrupt fall between 13.40 to 13.50 i.e. in the 10mts window - this looked like a warning shot. esp because the volumes also surged. Later on I read the news that SBIN results were declared. An there was a swing of 2.61% ~ 15.5 pts in this period. Luckily 43800 PE spiked helping many traders book a zero-to-hero kind of profit. This surge came totally unexpected. It surged 591% from 14.55 to 101.9. It also goes to prove that option sellers should not take things lightly - surges like this could really wipe out the hard earned money. --- 15mts TF is not looking fully bullish, although today's gap up would have given lot of hope for the bulls - it did not really sustain. Also a falling price action may also indicate the tiredness. Is the ATH breaking out getting delayed and markets in a phase of indecisiveness? --- 1hr TF is not really showing signs of slowing down either. Visually examining the moving average will also give you a fair idea - the slope is good and its increasing in value. The shorter term EMA once it starts dipping will give us a fair warning to reconsider our bullish stance.
NSE:BANKNIFTY
by viswaram
Banknifty 15/04/2021 Expiry SpecialHello Everyone, Hope you are enjoying my predictions/analysis, just go through Banknifty 13/04/2021 -- Gudipadwa analysis and check my analysis for 31200 level as Resistance level. As i said there would be Gap-up opening and we saw a resistenace near 31200 level, and as it was broken with large volume 1.30 pm it touched the level of 31800. This was regarding previous day. For expiry, there can be small Gap-down opening. 31600 is immediate support, if this support is not broken we can see a good Upward movement to cover up the Gap. Otherwise a good downward movement till 30900.
NSE:BANKNIFTYLong
by kiranrshinde
Ready for Long Position in BANKNIFTY ? Retracement Soon ?1. Expecting some retracement in BANK NIFTY from 21900-920 levels keeping in mind if it will hold 21620-640 levels. If levels of 21620-640 is breached Bank nifty might be heading for 21200-300 from current levels. 2. Bank Nifty shows channel movement in 15min chart and if this has to continue it might retrace from levels of 21800-920 towards 22300. So keeping this mind, If buyers has to take back the control Bank nifty has to move above 21920-930 which might stretch upside towards 22200-22300. Keeping in Mind one could enter Long in BANK NIFTY above 21920 for 100,150,200,300+ points target and keeping stop loss around 21620-640 levels.
NSE:BANKNIFTYLong
by Akashyadav92
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