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Bnfanalysis

BNF Intraday view for 15-07-2021Good evening all, Today we waited and waited some more for 35800 to be breached. But naaaa, not happening. For tomorrow, the possibility of 'Long' is more than today with higher lows being made consistently and trend line being respected..... Very much. But again.... it will need to break 35800; Long side view: Buy above 35800 Target 1 - 35935 Target 2 - 36000 However, if it breaks the trend line and goes down; Short Side view: Sell below 35600 Target 1 - 35430 Target 2 - 35365 Target 2 - 35300 On either side, 100 point stop loss is a good idea, providing you a RR of at least 1:1 *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
3
BNF Intraday view for 08-07-2021Good evening all, This is NOT a copy & paste from yesterday. Well, it is..... In a way that my view hasn't changed and levels haven't been breached. With an ascending triangle forming at 35800, from here, if the market goes up, it will be as follows: Long side view: Buy above 35820 Target 1 - 36050 Target 2 - 36445 Target 3 - 36575 However in my view, it will touch the 36000 range and then probably drop back, and if it does, then; Short Side view: Sell below 35400 Target 1 - 35120 Target 2 Zone (35000 - 34900) Target 3 - 34650 *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTYLong
by ChartMantra
1
Banknifty View : Intraday Levels for 8th July (Weekly Expiry)Overview: Banknifty opened above 35575 and went to hit our 1st resistance level of 35710 and after it continued to maintain that level for a long time and consolidated. 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: 35904/36176 If we open flat and sustain above 35904 levels we can see a target of 36176 on an intraday basis, also tomorrow is weekly expiry so expect a volatile and sessions. Banknifty Support level: 35575/35240 Only if we form a price action below the support levels of 35575 can we short BNF for the next level of support, but it is not recommended to short tomorrow. We can see some good movements tomorrow so stay active and if the market goes past day high around 1 PM we can see a good expiry rally.
NSE:BANKNIFTYLong
by sagarsethy
BNF Intraday view for 07-07-2021Good evening all, Like I had mentioned in my weekly view, the target for 35700 was met today. from here, if the market goes up, it will be as follows: Long side view: Buy above 35820 Target 1 - 36050 Target 2 - 36445 Target 3 - 36575 However in my view, it will touch the 36000 range and then probably drop back, and if it does, then; Short Side view: Sell below 35400 Target 1 - 35120 Target 2 Zone (35000 - 34900) Target 3 - 34650 *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTYLong
by ChartMantra
1
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 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
Bank Nifty - Next MoveBNF is in a zone that is really hard to day trade. Tomorrow is Wednesday so premium decay would be a factor to consider if you are playing with option buying There can be two possibilities BNF makes a trending move downside towards 50 DMA. DMA are like magnetic lines that attract price towards it when they are near. Usually, it is also seen that patterns repeat for a given script. Last time when 20 DMA was broken and the price was nearing 50 DMA it formed an inside bar. Today also it formed an inside bar. so possibility is high it may break 50 DMA. Possible ways to trade - If trading in future sell on rise and 35250(Future price) as SL. The target can be 50 DMA . If trading in options - selling 35100 CE with SL as 35250 (future price). If buying options risky one - you may want to go for 34500 PE as 50 DMA is 34230, so if the hypothesis proves right this OTM option will become ITM and may fetch you max returns Another possibility - based on the below factors FIIs has bought heavily in the cash market.DII matched with selling. Fed meeting would be concluded after Indian trading hours. So it may happen that BNF remains range-bound. In that scenario, today's high and yesterday low may be taken as a range. Possible ways to trade- Selling strangle at BNF open price may be an option and keeping 25% as SL. Happy Trading MSK
NSE:BANKNIFTYShort
by msk_analysis
1