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Niftybank

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 TheMamboMomentum
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 TheMamboMomentum
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
NIFTY BANK 1DTechnical Analysis of #NIFTYBANK based on harmonic xabcd pattern & on support and resistance . 43500 is the very strong resistance & all time high for #NIFTYBANK on daily time frame we should buy above 43500 and previous level candle closing for the target of 44000 and for 44500. #NIFTYBANK 1st support 42600 ,2nd support 41900 and 3rd support 41300. we should sell below when 42600 level break's for the target of 41900 & for 41300. All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis . This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
NSE:BANKNIFTY
by YASH-CHITKARA
Nifty daily analysis for 05/12/22. Nifty in this week has created a new ATH and closed near 18700 levels. The market has givena nice bullish move and has gained 1% in this week. The market has touched higher highs and has closed above the 38.2% fib level on the daily time frame. There was a sell off in the market in the first half and recover in the second half losing 115 points on day closing. On the hourly time frame, the market has closed below the 20 ema. Market have given a bullish closing, recovering in the second half of the session. Support :- 18640, 18550, 18450 Resistance:- 18700, 18780, 18850 The market are in a bullish move and this is a retest before another leg of up move. For last 7 weeks, nifty has closed 6 times in green. The market can retest 18k levels on higher time frame before another up move. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 2 Dec 2022BANKNIFTY Intraday Trade Setup For 2 Dec 2022 Buy-Above 43365 Sl-43250 T-43597 43770 Sell-Below 43100 Sl-43210 T-42920 42740 BANKNIFTY has closed on a flat note with just 29 points gain. The 600 points range which was valid since last 5 trading sessions was broken in the higher side via gap gap. As it directly opened above the range high , it slipped from opening and has closed at the range high. This breakout will be confirmed above today's high. Also it is inside the channel pattern in hourly TF. According to trade setup, it directly opened at 1st target in buy side. Later 10 o'clock range broke downside below 43390 and gave more than 250 points gain. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes below 43100 then we will long for the target of 42920 and 42740. For buying we need a 15 Min candle close above 43365. Target will be 43597 and 43770. 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 spot chart Analysis for 01.12.2022Banknifty standing below a strong resistance zone of 43266 to 43418. if banknifty crosses above 43418 then it may also cross 43571 and may reach to the level of 43713. between 43713 to 43876 is also an extremely strong resistance zone . If Bank Nifty crosses over 43876 then it may also cross 44034 and may reach to the level of 44187. if banknifty crosses down below 43113 then it may also cross 42966 and may reach to the level of 42814. if banknifty crosses below 42814 then it may also cross 42671 and may reach to the level of 42508. If banknifty crosses down 42508 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 44034 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
BANKNIFTY Intraday Trade Setup For 1 Dec 2022BANKNIFTY Intraday Trade Setup For 1 Dec 2022 Buy-Above 43340 Sl-43230 T-43522 43710 43950 Sell-Below 43000 Sl-43110 T- 42750 42550 43330 BANKNIFTY has closed on a positive note with 0.41% gain. It is still inside the 600 points range (43340-42740) which is valid since last last 5 trading sessions. Breakout of this range will lead to a initial move of 600 points any side. Any ways tomorrow is expiry so have to be very careful with trailing sl in both way trades. Today it opened flat and sell triggered and gave 1:1 profit. 10 o'clock range gave decent as it broke before sell triggered. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43340 then we will long for the target of 43522, 43710 and 43950-44k. For selling we need a 15 min candle close below 43000. Target will be 42750, 42550 and 42330. 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 30 Nov 2022BANKNIFTY Intraday Trade Setup For 30 Nov 2022 Buy-Above 43340 Sl-43230 T-43522 43710 43950 Sell-Below 42995 Sl-43105 T-42740 42550 42330 BANKNIFTY has closed on a flat note with just 33 points gain. Exact same thing happened yesterday where it closed flat with just 36 points gain. A zone is being created, can be a distribution, confirmation is on range breakdown. A range (43340 -42740) of 600 points has been created. Breakout will lead to a initial move of 600 points any side. A shooting star has been formed in daily TF. Index can slide below its low. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 43340 then we will long for the target of 43522, 43710 and 43950. For selling we need a 15 Min candle close below 42995. A pullback is needed before breakdown. Target will be 42740, 42550 and 42330. 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 30/11/22.Nifty on the daily time frame has formed a inverted hammer candle and after touching a high of 18678 closed only 55 point above the previous close. Market opened flat and from the first hour it started trading above yesterday's high. The market reversed during the last hour of the trading session. On 15 minute time frame, nifty has again closed below the 20 ema but the market has given a close above the 18600 levels. The market are looking for new highs everyday and a quick retracement can be there. Support :- 18530, 18450 Resistance:- 18670 Look for the global markets as the Dow jones was lower yesterday. If the global markets are weak, India markets can also come for a retracement. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 29 Nov 2022BANKNIFTY Intraday Trade Setup For 29 Nov 2022 Buy-Above 43160 Sl-43050 T-43340 43522 43710 Sell-Below 42960 Sl-43070 T-42740 42550 42330 BANKNIFTY has closed on a flat note with just 36 points gain. It was almost a Open=Low day. It opened with a decent gap down with 200 points cut. As per 10 o'clock range buy triggered @42951 and this trade gave the smoothest and trendy move. More than 200 points grabbed (42951-43159). Today's low will be very important for a downside structure. We are still inside channel pattern in hourly TF. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43160 then we will long for the target of 43340, 43522 and 43710. For selling we need 15 Min candle close below 42960. Target will be 42740, 42550 and 42330. We have trail sl with RR ratio in both way be in selling or buying. 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 29/11/22.Nifty on the daily time frame has formed a bullish engulfing candle and touched its ATH. On the hourly time frame, the market tested the 20 ema and from the first hour remained in the buying side. The market after touching the ATH retraced closed only 50 points higher. Even, on 15 minute time frame, the market tested the 20 ema and closed below the levels. Support :- 18535, 18450 Resistance :- 18600-10 The market has tested the highs and can create new highs. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by TheMamboMomentum