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Bnf

Buying Opportunity in NIFTY Price has fallen almost 220 points today in an hour. 17635 level is the 0.5 Fib ratio of recent up trend Expecting price to reverse from here at least for today With small SL of 40 points we can go long on nifty 17660 with a SL of 17620-30 With an ATM option this will be Approximately with a risk of 750 to 1000 rs per lot Target will be in execution. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES. I will be updating
NSE:NIFTYLong
by Mo-Kri
Bank Nifty seems to be consolidating in a wave 4 triangleBank Nifty Future seems to be consolidating in wave 4 of a triangle after the high of 39794 made on August 19. It looks like wave (A) have completed at 37991 on August 23 and wave (B) has either completed at 39490 on August 25 or is still in progress. 39400 is 78.6% retracement of fall from the high so that should be a good area for wave (B) to end. Once wave (B) completes, we would see a wave (C), (D) and (E) before the market move to break above 39800. There are 3 main reasons why the current wave looks like a triangle 1. The fall from 39794 is a 3 wave and contained well in a parallel channel. 2. The rise from 37991 is also a 3 wave and contained well in a parallel channel. 3. The kind of volatility we are seeing is typical in a triangle. The view will be invalidated if it goes above 39794 or goes below 37991. If the market keeps moving both sides that will further strengthen the case for a triangular formation. The first alternate count is that current rally is corrective ABC where wave (B) is completed and market is ripe for fall below 38000 in wave (C). The second alternative count, least probable, would be that current rally is impulsive and market has completed wave (1) and we are in wave (2), once it is complete we would break 39794. Probably, this could be a good time for an option seller to sell far strike prices and sit tight.
NSE:BANKNIFTY
by invest_shares
BANKNIFTY - May monthly expiry and June 1st Expiry May Monthly expiry on 26th Top three months with max FII selling in cash in recent times March 2020 - 65k crores Feb 2022 - 45k crores March 2022 - 43k crores It is already 44k crores in May - so it's a no-brainer that May would come in the top three. big question is - can it match Feb 2020 sell figures? I doubt but Time will tell BNF interesting observation - the first leg fall starting 25 Oct 2021 - 18 % , the second leg fall starting on 3rd Feb again 18 % .. third leg fall started on 5 April - will it again fall 18 % - Time will tell but point worth noting is 18 % from 5th April comes at 31500 levels Every time BNF reaches 20 DMA in recent times - it shows some consolidation before breakout or breakdown .it is approaching 20 DMA , will it consolidate next week? Hypothesis BNF have a high probability to consolidate on Monday / Tuesday & Wednesday as the price would be converging with 20 DMA, trendline resistance, and pitchfork median line. It would give some nice unidirectional move after that Analysis and Trading are different ball games - Analysis is all about imagination and trading is all about discipline. So Trade Safe
NSE:BANKNIFTYShort
by msk_analysis
Banknifty NiftyBank | Intraday | Swing|We can see noticeable RSI divergence on a higher timeframe 1 HR, Momentum is picking up but Banknifty is going down, this can be a good long trade, Good bullish RSI divergence is seen on charts, And Banknifty is at a good support level and also at a previous breakout level as well, and Banking stocks if we see and analyze then banking stocks haven't really performed well so this can be a good trade if the global market and other overall aspects support. 
NSE:BANKNIFTY
by vaghela0747
1
Bank Nifty Multi-Month Head & Shoulder Neckline Re-test A Head and Shoulders pattern is used in technical analysis which occurs when a massive reversal in the ongoing trend in the market happens occurs. The chart pattern of Head and Shoulders is marked by three successive peaks: Original Trend of BNF - bullish The Left Peak or the left shoulder The Centre Peak or the head The Right peak or the right shoulder Reversal - when breakdown from Neckline happen - last week of Feb 2022 Re-Test of Neckline - 17 March Breakdown continuation - 24 March Higher the duration of formation - Higher is the probability of aggressive breakdown the SL and Target both in the case of BNF are gap zones - Let's see what gets filled first Happy Trading
NSE:BANKNIFTYShort
by msk_analysis
Bank niftyMarket Closed with semi formation for H&S / Quasimodo in H1, we can expect the GAP down opening considering H&S in H1. to add, bnf broken the daily swing high recently we yet to have proper retracement , so my expectation is price will either tap the H1 BB or H1 Demand level then shoots up.. Disclaimer : this is the one side of viewing market based on past price action, live market can be different... always be flexible, change your strategy according to market condition and movement of price. Do not take my analysis as financial advise, do your own research before entering trade
NSE:BANKNIFTY1!Long
by TMKFX