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Bnf

Banknifty View : Intraday Levels for 7th July 2021Overview: Banknifty gapped up above 35240 levels and as expected we kept moving upward and all our given targets till 35710 have been achieved. But we gave closing on the lower side due to profit booking at higher levels and NIFTY missed ATH. The view is bullish and the trend is positive now as long as we are sustaining above 35100 levels. Banknifty resistance level: 35575/35710 If we open flat and go past 35575 on forming a bullish candle in 15 mins we can buy BNF for the next level of resistance. Banknifty Support level: 35405/35240 If we gap down and start to trade lower then we might see a fall and support can be found at 35405 and 35240 levels, so buying is suggested around 35240 levels, Keep an eye. Mostly tomorrow can be a wait and watch day, let the market decide if it sustains the support or not. PLEASE SUPPORT BY LIKING AND SHARING IDEAS IN THE COMMENT SECTION
NSE:BANKNIFTY
by sagarsethy
BNF weekly view 05/02 - 09/02, 2021Good evening all, We are in July, which historically between 2012 and 2016 has seen a +-0.5% move, but between 2017 and 2019 has been +-5.0% (you read it right and spot the difference) and last year was a different beast. What does it mean for us.... The monthly ATR since March has been ~3500 and effectively means the market could move within a range 1700 points on either side. For the coming week though... We are at a juncture, where, BNF has just peeked out of the dynamic resistance it has been respecting since the end of June. This because the 34650 - 600 zone has more or less confirmed itself as a PRZ zone. It however has stuck itself comfortably between that and 34900 for the past 2 trading sessions. I maintain my view from last week that if it has to effectively go long, it has to move above 34200-34300 and for short below 34500. If sustained above 35350, targets are 35550 and 35700 If sustained below 34500, the target is 34100 If you ask me though, my view for this week is long. *** This is my personal view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTYLong
by ChartMantra
BNF Intraday view for 06-07-2021Good evening, For tomorrow, my view is slightly on the neutral side as the level that BNF has reached is a strong PRZ. We may see a reversal from this point. If we do... Short entry is at 35100 Target 1 - 35000 Target 2 - 34900 Target 3 - 34700 to 34650 However, if the market carries today's sentiment and sustains over 35300, then we'll see Long entry is at 35300 Target 1 - 35400-35450 Target 2 - 35550 If you like my view and ideas. Please support me by hitting the like and follow button
NSE:BANKNIFTY
by ChartMantra
2
BNF Next Moves - Long Please do have a look at the earlier analysis as well for the overall picture. This analysis is biased with Fibonacci levels for entries BNF has been underperforming from the last few weeks, so it may play a catch up with Nifty on the way up starting from 30405 lvls, BNF has made bold green candles at the lvls faced rejection .618 lvl of 35802. Even after facing rejection, the red candles were not as big/bold as the green candles. That is the reason we see consolidation happening in BNF since last month. Now again BNF is at an important lvl of 34771 - will it be a big bold green candle from this lvl and then it will take out 35802 lvl ? don't know - maybe a wishful thinking, but this is what is emerging as a possible pattern It may fail, so need a Stop loss for trade plan - 34369, if a 15 min candle closes below 34369 exit Longs If this hypothesis works as expected - the targets are provided on the chart Happy Trading
NSE:BANKNIFTYLong
by msk_analysis
Banknifty View : Intraday Levels for 6th July 2021 Overview: Banknifty gapped up above 34893 levels and faced ad resistance around 35000 levels and after consolidating it moved up to close around our pivot level of 35240. The view is bullish and the trend is positive now as long as we are sustaining above 35000 levels. Banknifty resistance level: 35240/35405/35575 If we open flat, sustaining and trading above 35240 levels can propel the index to further targets of 45405 and 35575. If we have a huge gap up a profit booking can be seen and 35240 can be good support and can go long for upper targets. Positionally we can maintain long targets by trailing SL. If we open flat also we can go long keeping a small SL on 5/15 mins bullish candle low. Banknifty Support level: 35076/34893 The only scenario BNF will fall is if we have a huge gap down leading to panic selling which is very highly unlikely to happen as SGX is trading higher. Still, if we witness a price action below 35100 levels we can short for smaller targets around 35076 and can reverse as it's a huge support level now. IF U LIKE MY ANALYSIS DO LIKE THE POST AND COMMENT YOUR VIEWS, IT WILL MOTIVATE ME TO KEEP GOING !
NSE:BANKNIFTYLong
by sagarsethy
BNF Intraday view for 05-07-2021Good evening all, For tomorrow, I carry my view from the past 2 trading sessions. The index will be in a range between 35200 and 34650, which also is the daily ATR. Since 34900 has offered a strong resistance forming a double top, breaking that barrier is going to be important. Having said that, it also forms the neck line for a potential inverse head & shoulder formation suggesting an upward move. Since my weekly and short term view is long, I think this to be a good possibility. Long side view: Buy above 34900, Target 1 - 35200, Target 2 - 35330, SL - 34800 Short side view: Sell below 34500, Target - 34100, SL - 34650 Between 34900 and 34650 - Scalping potential with a SL of 100 points on both side. *** This is my personal view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTYLong
by ChartMantra
Banknifty View : Intraday Levels for 5th July 2021Overview: Banknifty opened on a range of support and resistance levels of yesterday and faced support of 34730 levels and bounced to test our level of 34893, It was the same movement as the day before yesterday hence the levels are intact. Again we have range in the market as the movements are not that great either due to illiquidity or volatility. Banknifty resistance level: 34893/35076 Yesterday’s support has become the resistance now, so if markets start to trade above 34893 levels and maintain a range till 1 PM we can have a very good movement on range breakout. Banknifty Support level: 34629/34443 If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support. It will then continue to get 2nd level of support so trade with caution.
NSE:BANKNIFTYLong
by sagarsethy
BNF Intraday view for 02-07-2021Good evening all, As mentioned last evening, 34650 remains a strong support level and is our PRZ level at 88.6%. This means the bear run might just see the end.... Or will it? For it to continue, 34500 level needs to be breached and we may then see 34400 and if that breaks 34100 (in one day....hmm... may be not). However, if the sentiment from June 28th has to be reversed, then, 34900 is your threshold. Break out over 34900, will see 35200. This also means you have good trade zone 34900 and 34650 where you trade at the bottom and top both, and with a SL of 100 points and target of 200 points. So a RR of 1:2 *** This is my personal view and not necessarily a trade recommendation ***
NSE:BANKNIFTY
by ChartMantra
3
Banknifty View : Intraday Levels for 2nd July 2021Overview: Banknifty opened on a range of support and resistance levels of yesterday and faced a support of 34730 levels and bounced to test our level of 34893, from there market corrected and we must have got a good expiry trade on Puts. Again we have a range in the market as the movements are not that great either due to illiquidity or volatility. Banknifty resistance level: 34893/35076 Yesterday’s support has become the resistance now, so if markets start to trade above 34893 levels and maintain a range till 1PM we can have a very good movement on range breakout. Banknifty Support level: 34629/34443 If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support. It will then continue to get 2nd level of support so trade with caution. Do like and support by analysis by commenting on how my levels have been working.
NSE:BANKNIFTY
by sagarsethy
BNF Intraday view for 01-07-2021Today's day was as expected, BNF reached 32200 levels and reversed from the PRZ. For tomorrow, both indicators suggest a gap-down opening and then a possible reversal from 35650 - 35550 zone and back to 35200 with some hiccups at 35000 which always remains a psychological barrier. If it breaks down further and sustains below 34350, then we may see 34100 and 33900 in the next few trading sessions. *** This is my view and not necessarily a trade recommendation ***
NSE:BANKNIFTY
by ChartMantra
4
Banknifty View : Intraday Levels for 1st July 2021 WEEKLY EXPIRYOverview: Bank Nifty opened flat, took support exactly at our mentioned levels of 34893 and started to trade upside, later in 2nd half market fell sharply after testing the resistance zone and due to the European market fall BNF corrected to 34750 levels. As below 35000 levels, we must have got a very good shorting opportunity. Banknifty resistance level: 34893/35076 Yesterday’s support has become the resistance now, so if markets start to trade above 34893 levels and maintain a range till 1PM we can have a very good movement on range breakout. Banknifty Support level: 34629/34443 If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support. It will then continue to get 2nd level of support so trade with caution. If you like my daily analysis then do like and comment your opinion and see how my levels are working /playing in the intraday scenarios, this will motivate me to bring more such analysis.
NSE:BANKNIFTYLong
by sagarsethy
Banknifty View : Intraday Levels for 30th July 2021The trend is positive in the Bank Nifty index, I am still bullish in the market until it touches ATH. The trend is a friend unless it bends in the end. Overview: Bank Nifty opened gap down and continued to slide below 35240 levels and almost testing or support of 35076 levels also later in the second half went below 35076 to around 35011. Banknifty resistance level: 35050/35240 If tomorrow Bank Nifty opens gap up or gaps down we might see a sharp recovery in the market so we can go long in both scenarios. Banknifty Support level: 34893/34629 If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support. Also, RIL has been falling for the last few days so it can halt or profit booking can be seen which might pull the index up. The view is still for a very good rally in Banknifty in upcoming sessions so we should be ready to ride the bulls. Tomorrow it will be important as it will be monthly closing on BNF so watch out for the levels.
NSE:BANKNIFTYLong
by sagarsethy
BNF -Monthly expiry BNF finally after many days did overshadow Nifty today. Will the follow through continue? what could be a possible expiry setup? Will follow through continue - we will come to know by tomorrow day end, I feel it has got high chances of going up tomorrow as well. For the ones who would have referred to my earlier idea on BNF would be already long. The market texture is quite volatile, so trying to predict the right entry or SL would be challenging. we can form a strategy based on some hypothesis and known factors. What are known factors? 1. 34000 demand zone is a quite strong and huge amount of buying has happened twice in the last couple of days 2. if somehow due to market sentiments BNF again goes to test those levels, clearly means sellers have taken over and betting on the long side would be risky as we may see long unwinding taking prices further down or consolidating near it 3. based on the above - an SL zone 34580 can be a decent assumption. Because if BNF goes below that, it's going to test 34000 lvls and we won't be going long. 4. the first major resistance on the upside is at 35400 levels - so that should be our first target 5. a major supply zone end at 35800 lvls. so that can be our second target There could be multiple strategies if you already have your hypothesis ready. It can be buying future positionally and hedging it with PE from time to time, or if you prefer option selling, selling PE near low and selling CE near targets, or if you prefer covered calls buying ATM / ITM CE and selling OTM CE. or if you prefer being speculator buying naked CE will work as well. the key is to calculate your break-even levels and SL beforehand to know your risk. In these markets, keeping overnight positions to low and managing position sizing remains key. If you are on the right side, in a couple of days with the right market direction you may fetch more money in few positions only. Safe Trading
NSE:BANKNIFTYLong
by msk_analysis
Bank Nifty - Next moves (contd..) 28th Jan - BNF moved from 29587 to 37708 (ATH) in just 13 trading sessions - that was aggressive 19 Apr - BNF made a low of 30405 - very near to its starting point - took 40 trading sessions to do that after which it has been making some higher high and higher lows since the last 32 trading sessions with multiple bullish engulfing bars and one single bearish engulfing bar that was on last Friday. what does this mean the bullish texture is very much intact and as earnings season is over it just need some external trigger to fire. That may come from global markets outlook or any package declaration by the Indian govt or whatsoever.. from a trading perspective what can be a safe bet here if the weekly close if above the strong supply zone, it can be safely assumed that BNF is going to touch ATH again if the daily close is above the upper resistance line of the rising wedge, it can also be taken as a safe trigger if you are an aggressive trader and prefer taking early trades, take a long trade and SL should be 35000 because if it goes below 35000, the next stop to 34300 would be very quick. Now let's say, we don't get any external trigger soon, then the possibility of BNF testing its demand zone cannot be ruled out. from demand zone, again fresh long trades can be taken Thursday and Friday - US economic data regarding Jobs is strong but missed estimated. The contrarian view is - if the jobs data gets very strong the feds would start clamping present an extra accomodating stance. NASDAQ made a strong green candle that is positive. NIFTY if you look at is already 250 pts higher than its previous ATH. Will BNF play the catch-up game? The chances of that happening is very high and when BNF starts rolling, that would be aggressive. The Technicals are already drawn on charts, Hope this helps
NSE:BANKNIFTYLong
by msk_analysis
2
BANKNIFTY - Expiry Target For those who missed the BNF rally - tomorrow we may get an opportunity to enter again 34500- 34700 is support zone/demand zone Expiry trades are quite volatile and risky - So bet only what you can bear on Thursday it may touch 37000, will it sustain or not can't be said but it looks from the price action and data that it has a very high probability to touch call writers today exited lower levels like 34000 strike price and even 44k call writers exited from 34700 levels. If Tuesday remains in green and the US market remains supporting we may see some really good rally on Wednesday Finally, it is always a probability and some hypothesis, that may or may not work ..This is just one view, do trade management & position sizing as per your skills and appetite Do refer to my earlier idea on BNF Safe Trading
NSE:BANKNIFTYLong
by msk_analysis
Banknifty on Multi TF, Bullish#BANKNIFTY Looks filled with too much power on daily and 2H time frames to achieve All time high levels. It has formed very nice candle on weekly time frame too. If it opens gap down on next trading session, it should take support @3436-34080 which was a breakout level on 2Hr TF. Overall it looks to trade in long position rather than a short position. Incase of big gap up or gap down, should wait for making position. ***ALWAYS DO YOUR OWN ANALYSIS BEFORE TAKING ANY TRADE***
NSE:BANKNIFTYLong
by VR46_TheDoctor