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Niftybank

NIFTY : SWING ANALYSIS Nifty dragging from upper levels seems good time for bears, good to go for sell around 18580-18600 with a stop around 18725, potential downside target 18370 -18190. forming a bearish candle on the daily chart. Prices have been slipping lower from last few days and today’s move indicates further weakness in the near term. The MACD is bearish and below its signal line. The RSI is also in the bearish territory but above its oversold level of 30. The supports for the day are at 18550 and 18510 while resistance is at 18660 and 18700 levels.The short term trend of Nifty continues to be weak as it has been drifting lower from last few days. Prices have breached important support level of 18600 and today’s close below this level signals further weakness in the near term. which indicates that the current downtrend may see some consolidation in the near term but downside remains intact. Bearish setup would get negated if prices manage to sustain above 18700 levels convincingly for few trading sessions. Until then, shorting on rallies with Sell on rise strategy. This analysis is only for the educational purpose and should not be considered as a recommendation. There are many different factors to consider when making investment decisions, and this post does not take into account all of those factors. This post is not intended to be investment advice, and you should always consult with a financial advisor before making any investment decisions.
NSE:NIFTY1!Short
by intelligence7
Banknifty Possible Trades on Monday Banknifty Possible Support and Resistance for Monday Banknifty Support & Resistance Zones for Friday Banknifty Support Zones for Monday First Support Zone For Banknifty – 43495 - 43516 Second Support Zone For Banknifty – 43390 - 43410 Third Support Zone For Banknifty – 43255 - 43275 Banknifty Resistance Zones for Monday First Resistance Zone For Banknifty – 43704 - 43678 Second Resistance Zone For Banknifty – 43820 - 43807 ( Banknifty New all time High) IMP signals by Banknifty Data Analysis Max Pain As per Option Chain Analysis – 43500 PCR ratio as per Option Chain Analysis – 0.91 ( Bullish ) Major Support as Per Banknifty Open Interest Analysis – 43500 /43000 Major Resistance as Per Banknifty Open Interest Analysis – 4350/ 43700
NSE:BANKNIFTY
by manojshinde27
AXIS BANK - DAY CHART - 08.12.2022 - BAHAVAN CAPITALAXIS BANK as per day chart analysis Stock ABOVE 943 TARGET 953 FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week. Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all stocks have HIT the TARGET. Iam glad most of the targets had showed good movement. Happy Profitable trading to all...
NSE:ELGIEQUIP
by UnknownUnicorn19608572
ICICI BANK - DAILY CHART - 08.12.2022 - BAHAVAN CAPITALICICI BANK as per day Chart Analysis Stock ABOVE 933 TARGET 940 FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week. Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all stocks have HIT the TARGET. Iam glad most of the targets had showed good movement. Happy Profitable trading to all...
NSE:ICICIBANK
by UnknownUnicorn19608572
BANK OF BARODA - DAY CHART - 08.12.2022 - BAHAVAN CAPITALBANK OF BARODA as per Day Chart Analysis Stock ABOVE 192 TARGET 196 FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week. Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all stocks have HIT the TARGET. Iam glad most of the targets had showed good movement. Happy Profitable trading to all...
BSE:BANKBARODA
by UnknownUnicorn19608572
KARUR VYSYA BANK - DAY CHART - 08.12.2022 - BAHAVAN CAPITALKARUR VYSYA BANK as per Day Chart Analysis Stock ABOVE 112 TARGET 115. FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week. Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all stocks have HIT the TARGET. Iam glad most of the targets had showed good movement. Happy Profitable trading to all...
NSE:KARURVYSYA
by UnknownUnicorn19608572
CANARA BANK - DAY CHART - 08.12.22 - BAHAVAN CAPITAL CANARA BANK as per Day Chart Analysis Stock ABOVE 326 TARGET 330. FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week. Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all stocks have HIT the TARGET. Iam glad most of the targets had showed good movement. Happy Profitable trading to all...
NSE:CANBK
by UnknownUnicorn19608572
BANKNIFTY Intraday Trade Setup For 9 Dec 2022BANKNIFTY Intraday Trade Setup For 9 Dec 2022 Buy-Above 43645 Sl-43540 T-73755 43872 44050 Sell-Below 43520 Sl-43630 T-43330 43140 BANKNIFTY has given a very strong closing today. It has closed with 1.15% gain. Now important support is 42900 in hourly TF. Below this we can see a profit booking. Last day it was clearly told that we have been inside a tight range. It was mentioned that we have formed a triangle pattern, on breakout we can see a good momentum. So has happened today. Buy triggered @ 43181 on 15 Min candle close and it gave no-stop rally till 43640. Coming to Friday's trade setup, if index opens flat an a 15 Min candle closes above 43645 then we will long for the target of 43755, 43872 an 44050. For selling we need a 15 Min candle close below 43520. Target will be 43330 an 43140. BTW this a bit aggressive as last swing low is 43330. 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 8 Dec 2022BANKNIFTY Intraday Trade Setup For 8 Dec 2022 Buy-Above 43185 Sl-43075 T-43377 43537 43713 Sell-Below 42945 Sl-43055 T-42790 42630 42480 BANKNIFTY has closed absolutely flat today. RBI event was scheduled today . There was sharp up move then a larger slide from top then it turned sideways. Buy triggered as per trade setup and gave almost 120 points gain which was 1:1. Then sell triggered which also gave 120+ points gain. Triangle pattern can be spotted in 30 Min chart. Lines are marked in pink. Breakout of this will give a decent move. Inside candle's low has been tested today. Alert has been given in lower side already. It will confirmed below today's low. Coming to Thursday's trade setup if index opens flat and a 15 Min candle closes above 43185 then we will long for the target of 43377, 43537 and 43713. For selling we need a 15 Min candle close below 42945. Target will be 42790,42630 and 42480. Index will be weak below 43000 on a 15 Min candle close. 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 08/12/22Nifty on the hourly time frame has been following a nice lower high lower low pattern and has given a bearish engulfing pattern on the daily time frame. The market on the hourly time frame has been trading below the 20 ema and gave a nice selling candle in the closing hour of the session. On 15 minute time frame, there is a bearish moving average cross over. Support :- 18550, 18450 Resistance :- 18570, 18615 Nifty is showing some weakness and banknifty is taking a halt. The market can be volatile as there is gujrat election results. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 7 Dec 2022BANKNIFTY Intraday Trade Setup For 7 Dec 2022 Buy-Above 43210 Sl-43100 T-43370 43520 42700 Sell-Below 43075 Sl-43185 T-42940 42800 42650 BANKNIFTY has closed on a negative sentiment with almost half percent cut. It has closed near day low which is a negative sign. It showed both way movement in the morning then later consolidated completely in the 2nd half. Sell triggered as per trade setup and gave just 80 points till closing. An inside candle has been formed in daily TF which is sign of contraction. This will burst out on breakout of the mother candle's high and low. Also tomorrow is RBI monetary policy day. So we can expect this contraction burst out tomorrow. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43210 then we will long for the target of 43370, 43520 and 43700+. For selling we need a 15 Min candle close below 43075. Target will be 42950, 42800 and 42650. 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 07/12/22.Nifty is showing some retracement and has closed near to 50% fib level on daily time frame. The market has closed losing only 58 points and above 18600 level. On the hourly time frame, the market consolidated whole day and has given a break out of day's high in the last hour of the session. The market, on 15 minute time frame, has traded around both the moving averages creating high volatile market and closed above both the moving averages. Support :- 18640, 18590-550, 18450 Resistance :- 18720, 18780 The election results are near which can create a volatile market in the coming days. Wait for the price action near the price levels before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 6 Dec 2022BANKNIFTY Intraday Trade Setup For 6 Dec 2022 Buy-Above 43375 Sl-43265 T-43537 43713 Sell-Below 43159 Sl-43270 T-42950 42700 BANKNIFTY has closed on a positive sentiment with more than 0.5% gain today. It has closed near day high which is a sign of bullishness. This sentiment will continue above today's high. It was a V shape day today. We saw a shar fall in the 1st 45 Min then a sharp recovery. Buy triggered as per trade setup and gave more than 200 points gain which was 1:2. In daily TF it has been consolidating for a long time. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 43375 then we will long for the target of 43537. Above 43550 we will head higher till marked zones. For selling we need a 15 min candle close below 43159. Target will be 42950. Below 42930 we will hit 42700. 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 06/12/22.The markets are volatile and on the daily time frame nifty has formed a dragon fly doji. Nifty closed almost flat. After a initial sell off the market recovered and closed near 18700 levels. The market has been trading near the 20 ema on the hourly time frame and on 15 minute time frame, there is a cup and handle pattern. Nifty took support from 200 ema on smaller time frame and closed above both the moving averages. Support :- 18640, 18550, 18450 Resistance :- 18720, 18780, 18850 The markets are halting and creating volatility near the higher levels. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 5 Dec 2022BANKNIFTY Intraday Trade Setup For 5 Dec 2022 Buy-Above 43135 Sl-43030 T-43315 43500 Sell-Below 42935 Sl-43040 T-42700 42530 BANKNIFTY has closed almost flat for this week as it ended with just 119 points gain which is 0.28%. In monthly TF the last (Nov) month candle closed above the ATH which was created last year in the month of Oct. Currently we are 3% up from that level. Possibility is that we may give a pullback before the start of any fresh up move. And the recent high which is 42550 will be important to watch out for the continuation. Talking about the weekly TF since last 8 weeks we have been safeguarding Previous Low. So if we break current week's low we may show some weakness. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 43135 then we will long for the target of 43315 above which we will hit 43500. For selling we need a 15 Min candle close below 42935. Target will be 42700 and 42530. 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
Simple Trade Setup | BANKNIFTY | 05/12/2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 05-12-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk