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Niftybank

Blasting analysis of Banknifty for 27/01/23Hi folks, Again i posted the analysis for Banknifty. BANKNIFTY will be gap-up or it may show a good upside rally basically it is not a upside rally it will be a pullback if it wants to fall or give a healthy correction after a long time. But remember unexpected gap-down or sideways market may trap you so use small sl . If market opens gap-down then avoid trading and also there is some news in the market which i'm not sure so will not tell here. Nothing more. Just simple analysis if it happens i will trade otherwise I can avoid if market performs against my analysis. Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice
NSE:BANKNIFTYLong
by pn202377
Nifty weekly analysis for 27/01/23.The January session in over and we into February session. On the monthly expiry market gave nice momentum. The index closed nearly 225 points lower giving nice trending market and forming a bearish flag and pole pattern on hourly chart. During the first half, the market gave nice opporunity. Closing below 18k levels and consolidated thereafter. There is a bearish moving average cross over in the hourly time frame and if market remain in the same mood, after a retracement can touch lower support levels. On the 15 minutes chart, after giving a nice bearish moment, the market retested its 20 ema and closed below both the moving averages. Support :- 17850, 17780-800 Resistance :- 17950, 18020 Let the market close outside the box and trade according to it. In case of a break down, the market can travel lower giving targets of 150 points in the index. Wait for the price action near the price levels before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 27 Jan 2023BANKNIFTY Intraday Trade Setup For 27 Jan 2023 Sell_1- Below 41540 Sl-41650 T-41230 40997 Sell_2- From 42310 Sl-42420 T- 42000 41700 BANKNIFTY has closed a complete bearish sentiment with 2.54% cut. It was complete in selling mode since opening. Market opened flat and a sell triggered below 42615. After it was triggered it gave a nose dive till 41540. It was a a complete parabolic move. Now index has tested the weekly swing low. Below 41540 or 41500 (rounded) it will test 38757. No bullish view till there is any sign of reversal. As of now it is sell on rise. Also budget can shake any side. So be lite on overnight positions although direction is clear. Coming to Friday's trade setup, if index opens flat or gap up and 42310 is tested in then we will plan for a short trade for the target of 42000 and 41700. 2nd scenario- if index opens flat and a 15 Min candle closes below 41540 then we will short for the target of 41230 and 40997. Extended T- 40765. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 25 Jan 2023BANKNIFTY Intraday Trade Setup For 25 Jan 2023 Buy-Above 42825 Sl-42715 T- 43000 43300 Sell-Below 42615 Sl-42715 T-42415 42230 BANKNIFTY has closed on a bearish sentiment with slight cut of 0.21% today. Last day hourly range shifted above 42700 and today it made a high of 43078. Last day it was updated to trail sl to cost which PDL exactly. Today it was triggered;; NPNL. Now fresh bullish range shift in hourly TF will be above today's high- 43100. Today's closing is @ 42733.45. Below today's low it will be back to the hourly range once again. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42825 then we will long for the target 43000+. Above 43080 it will hit 43300. For selling we need a 15 Min candle close below 42615. T- 42415. Post bounce below 42400 it will test 42200-30. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
Nifty daily analysis for 25/01/23.Nifty has taken a halt and closed flat giving a bearish candle. The market touched 18200 levels and took support from 18080 levels. On the hourly charts, the market seemed in confusion and closed near both the moving averages. The market is in consolidation. Gap ups are taking away trading opporunities and the sellers are making money in this zone. On 15 minutes chart, market showed some positivity and took support from the 20 ema and closed below it. The market has closed between both the moving averages. Support :- 18080, 18020 Resistance :- 18180-200, 18240 The market today remained for selling and the candle formed in showing negativity. Though, now the SGX Nifty is trading higher close to 18200. Watch the global markets in the morning. Wait for the price action near the price level before entering the markets.
NSE:NIFTY
by Mambotrade
3
BANKNIFTY Intraday Trade Setup For 24 Jan 2023BANKNIFTY Intraday Trade Setup For 24 Jan 2023 Buy-Above 42870 Sl-42760 T-43017 43300 Sell-Below 42725 Sl-42835 T-42500-30 42297 BANKNIFTY ha closed on a bullish sentiment with 0.74% gain today. BTW this whole gain is contributed via gap up. Today it opened above the hourly resistance 42750 and took support from dot level 42750 and hit 43000 which was our buy target. Overall after gap up opening it traded within 10 o'clock range entire day. Daily candle is a spinning top which is once again a halt candle which is a sign of indecision once again. This has been the case since one week; indecision. This is due to the upcoming Union Budget. Hourly range shifted above 42700. Now support has been created exactly at cost so today's low will be TSL. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 42870 then we will long for the target of 43017 and 43300. For selling we need a 15 Min candle close below 42725. T- 42500-30 and 42297. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
Nifty daily analysis for 24/01/23.Nifty is still in the confusion as it has formed a doji candle today. The market took support around 20 ema and after touching the level market got up. On hourly chart, market tried to cross over the level of 18130 but couldn't sustain above it. The market took support from both the moving averages. SgxNifty is trading almost flat. Watch for it in the morning as nifty follow it. The indicators are showing uncertainity of the trend. Let market cross over 18170 levels to enter any bullish trade. On 15 minute chart, the market has closed near 20 ema. Support :- 18080, 18025 Resistance :- 18140-80, 18240 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 23 Jan 2023BANKNIFTY Intraday Trade Setup For 23 Jan 2023 Buy-Above 42605 Sl-42495 T- 42750 42950 Sell-Below 42470 Sl-42580 T-42215 41990 BANKNIFTY has closed on a bullish sentiment on Friday with 0.42% gain. Last week's candle is a hammer. If index sustains above its high then we will test 42600 and then a fresh ATH in the coming days. Tomorrow's closing is important above 42700 for the upside journey. Since a buyers candle has been formed so below its low there can be sharp selling; parabolic down move. Also there is a swing in weekly TF @ 42550. Breakdown will initiate a downside structure for the short term. Follow strict trailing for tomorrow's session with simple price structure for both side trades. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42605 then we will long or the target of 42750 and 42950. For selling we need a 15 Min candle close below 42470. T- 42215 and 41990. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
Nifty may show a good 😀...See the chart above for a clear view scene 1 & 2 is given that what should we can do on monday . Just take after a good higher high or lower low situation with proper sl according to your capital Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice
NSE:NIFTY
by pn202377
Expected movement if Banknifty wants to go upside...Expected Momentum: if market want to go for long then it should take a deeper pullback till 42300 and then bounce so hope for the best. Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice
NSE:BANKNIFTYShort
by pn202377
Nifty weekly analysis for 23/01/23.Again nifty has formed a doji candle on the weekly charts. It is taking support from the 20 ema and 50% fibonacci levels. On the daily charts, there is a evening star pattern formation and the market has closed below the 20 Dma. The global markets have shown some recovery. Indian market is still in a confusion state and the trend in not certain. Let the market decide the trend on higher time frame and trade only clear setups. The market has given a consolidation zone and a break down of the zone on hourly charts. Nifty has closed below both the moving averages forming them as a resistance. On 15 minutes chart, there was constant resistance from 18130-40 levels and the break down in the second half of the session is giving some negative signals. Support :- 18020, 17940 Resistance :- 18080, 18140 Sell trades can be initiated once the 18k levels is broken down for a 60-70 points target. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
What did i say on yesterday's analysis for banknifty? 🤣🤣 After a sideways and also volatile 😅expiry i think everyone will now try to believe on my analysis because it will be good for them also🤣. I'm not showing my ego don't think like that i only want to show my trick to catch the market properly and avoid traps. Check my profile to see what did i say yesterday. (You can also find out in the 'Related ideas' section which is below of this.) I have nothing to say about it more.
NSE:BANKNIFTYShort
by pn202377
BANKNIFTY Intraday Trade Setup For 20 Jan 2023BANKNIFTY Intraday Trade Setup For 20 Jan 2023 Buy-Above 42385 Sl-42275 T- 42555 42730 Sell-Below 42230 Sl-42340 T-42040 41860 BANKNIFTY has closed on a bearish sentiment with 0.3% cut today. Today it opened with slight cut due to US market sell off last night. Since opening it was almost firm. Whole day it traded on a sideways note. Sell triggered as per trade setup @ 42355 and gave more than 110 points gain which was 1:1. Throughout whole day sideways momentum was noticed. In fact this sentiment is valid since last day second half. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42385 then we will long of the target of 42550 and 42730. For selling we need a 15 Min candle close below 42230. T- 42040. post bounce if we sustain below 42000 then it will test 42860 and below. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
4
Nifty daily analysis for 20/01/23.Being weekly expiry the market remained sideways and there was option premium decay. The market has formed a doji and an inside candle on the daily time frame. It took support from the 20 ema and closed losing 50 points. In the second half the market consolidated and constantly tested the 200 ema of hourly charts and closed between both the moving averages. There was a break down of the consolidation zone. Trades initiated in last hour after the break out has give losses. On 15 minutes chart, the market has closed below the 20 ema. Support :- 18080, 18030 Resistance :- 18100, 18145 The two days sideways market during the second half is giving signal of a trending market in the coming days. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade