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Niftybank

Bank Nifty ( Long Term forecast)Hi Everyone this is an long term forecast which is an direction movement for the next 6 month of Bank Nifity. These forecast will be updated once every month. Thank You Coding Details ## L stand for long Term Trend ## LA stand for correction cycle of long term trend ## M stand for Medium Term Trend ## MA stand for correction cycle of Medium term trend ## s stand for Short Term Trend ## SA stand for correction cycle of short term trend ______________________________________________ ___________ Medium & Short Term Forecast # This forecast will be updated once a week and there will be an weekly analysis video for bank nifty.
NSE:BANKNIFTY
by IIntelligentinvestor
2
BANKNIFTY Intraday Trade Setup For 23 Aug 2024BANKNIFTY Intraday Trade Setup For 23 Aug 2024 Bullish-Above 51090 Invalid-Below 50980 T- 51610 Bearish-Below 50780 Invalid-Above 50890 T- 50300 BANKNIFTY has closed on a bullish note with 0.59% gain today. Buy triggered as per yesterday's trade setup above 50810 and made a high of 51080 near previous swing high. Finally index has made a range shift in daily TF, range was 50800 and 49700. Index is approaching 52k zone in the coming days. 51090 and 50790 are intra levels for tomorrow. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 51090 then we will long for the target of 51610. For selling we need a 15 Min candle close below 50780. T- 50290. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 22 Aug 2024BANKNIFTY Intraday Trade Setup For 22 Aug 2024 Bullish-Above 50810 Invalid-Below 50700 T- 51515 Bearish-Below 50300 Invalid-Above 50410 T- 49650 BANKNIFTY has closed with a slight cut of 0.23% today but on a positive note as it has formed a Pinbar candle and closed near day high. 50810 looks like an important level for a bullish trigger as bulls may give breakout in daily TF. Daily TF range of 50800 and 49700 is still intact, time for a range shift now. 51k and 50300 will be key level for tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 50810 then we will long for the target of 51515. For selling we need a 15 Min candle close below 50300. T- 49650. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 21 Aug 2024BANKNIFTY Intraday Trade Setup For 21 Aug 2024 Bullish-Above 51050 Invalid-Below 50940 T- 51650 Bearish-Below 50670 Invalid-Above 50780 T- 50100 BANKNIFTY has closed on a bullish note with 0.86% gain today. It has closed exactly at tip of the daily TF range of 51800 and 49700. Now above today's high - 51050 a range shift will happen and move of atleast 1200 points can be triggered. Below 50670 index may result in false breakout of daily TF bullish breakout. In the weekend we have already discussed there index recent trend was bearish so we have to be alert for any of fakeout and trade that. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 51050 then we will long for the target of 51650. For selling we need a 15 Min candle close below 50670. T- 50100. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
NIFTY BANK At Multiple Support Zone : Observing A Buy SetupThe extension phase in Nifty Bank wrapped up on July 4th, 2024, hitting a fresh high. Since then, we've been in a correction phase. Now, let's zoom in on the 4-hour chart. What do we see? Multiple support levels, and they're not just any support levels: A trendline that's been holding steady since October 2023. The 200 EMA, a key moving average to keep an eye on. A previous resistance zone, which now should flip into a strong support. The 0.5 Fibonacci support level, adding to the mix. Right now, the price is sitting snugly at all these levels, creating a sweet spot of confluence. What should traders be watching for? Look out for bullish candlestick patterns like a Bullish Pin Bar, Morning Star, a Bullish Engulfing etc. These could be the signals we need. If this robust support area holds, Nifty Bank is likely to target the 51000-51150 zone – not only a psychological level but also the upper boundary of the channel we’ve marked on the chart. Trade smart, and always weigh your risk before you get greedy on reward. Regards, Rafat K.
NSE:BANKNIFTYLong
by khanrafat20
BANKNIFTY Intraday Trade Setup For 19 Aug 2024BANKNIFTY Intraday Trade Setup For 19 Aug 2024 Bullish-Above 50610 Invalid-Below 50500 T- 51175 Bearish-Below 50100 Invalid-Above 50210 T- 49650 BANKNIFTY has closed on a flat note last week. However it has formed double Pinbar candle in weekly TF indicating a potential bullish reversal above 50850. Index has been trading between 51800 and 49700 in daily since last 8 sessions. Breakout in the upside will be followed by 50 EMA breakout in daily TF. 50610 and 50110 will be intraday levels for tomorrow. Sell on rise approach to be halt till we get fakeout scenario now. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 50610 then we will long for the target of 51175. For selling we need a 15 Min candle close below 50100. T- 49650. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 16 Aug 2024BANKNIFTY Intraday Trade Setup For 16 Aug 2024 Bullish-Above 49960 Invalid-Below 49850 T- 50415 Bearish-Below 49650 Invalid-Above 49760 T- 48900 BANKNIFTY has closed on a slight bearish note with 0.21% cut today. On Wednesday it was total sideways. Daily candle is more or less a spinning top, now weather it can spin the ongoing trend on the last day of the week is to be watched. If 50k is reclaimed then there is fair chance of a pullback/ up move. Below 49650 index will breakout hourly range and a big length fall will be on card. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 49960 then we will long for the target of 50415. For selling we need a 15 Min candle close below 49650. T- 48900. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 14 Aug 2024BANKNIFTY Intraday Trade Setup For 14 Aug 2024 Sell_1- From 50440 Invalid-Above 50550 T- 48900 Sell_2- Below 49700 Invalid-Above 49810 T- 48900 BANKNIFTY has closed on a bearish note with 1.48% cut today. Index has been trading between 54800 and 49700 in daily TF since last 7 sessions. Breakout will give us the next directional move with momentum. As of now index looks ready to dive below 49700. 48900 will be 1st target if sell triggers tomorrow. As stated many time index is still sell on rise, follow the same approach. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 4700 then we will long for the target of 48900. In case of a gap up we will short from 50440. T- 49800. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 12 Aug 2024BANKNIFTY Intraday Trade Setup For 12 Aug 2024 Bullish- Above 50750 Invalid- Below 50640 T- 51400 Bearish-Below 50370 Invalid-Above 50480 T- 49650 BANKNIFTY has closed with 1.69% cut last week. However it has formed a Pinbar candle in weekly TF. After a global sell off weekly candle shows some kind of reversal structure , above it's high 50750 will get more confirmation. It is still sell on rise and I will personally follow the same outlook. 49600 is a crucial market structure level below which we are going to crash once again. Breakout of the plotted trendline will initiate a gap filling/ retracement move. 50750 and 50370 are Intraday levels for tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 MIN candle closes above 50750 then we will long for the target of 51400. For selling we need a 15 MIN candle close below 50370. T- 49650. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 9 Aug 2024BANKNIFTY Intraday Trade Setup For 9 Aug 2024 Bullish-Above 50450 Invalid-Below 50340 T- 51000 Bearish-Below 49650 Invalid-Above 49760 T- 48750 BANKNIFTY has closed on a flat note today. We have formed a hourly range of of 50750 and 49650. Also if we draw trendlines in hourly TF then a triangle formation is in progress. 50700 and 49650 is the mother candle's high as inside candles have been formed in these last 2 sessions. 50450 and 49650 are intraday levels for tomorrow. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 50450 then we will long for the target of 51000 zone. For selling we need a 15 Min candle close below 49650. T- 48750. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 9 Aug 2024BANKNIFTY Intraday Trade Setup For 9 Aug 2024 Bullish-Above 50300 Invalid-Below 50190 T- 50900 51450 Bearish-Below 49650 Invalid-Above 49760 T- 48800 BANKNIFTY has closed on a bullish note with 0.75% gain today. It opened with 1% gap up, directly at buy level and got rejected. Overall it was sideways within 500 points range. It has formed a Pinbar candle in daily TF so above 50300 we can expect good bullish reversal move. However overall view is still sell on rise, but now near some confluence zones like PRZ and golden Fib zones. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 50300 then we will long for the target of 50900. For selling we need a 15 Min candle close below 49650. T- 48750. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 7 Aug 2024BANKNIFTY Intraday Trade Setup For 7 Aug 2024 Bullish-Above 50260 Invalid-Below 50150 T- 50950 Bearish-Below 49650 Invalid-Above 49760 T- 48748 BANKNIFTY has closed on a bearish note once again and sell on rise approach worked well. Sell on rise means if there is a bounce then look for bearish reversal price structure in 5 Min TF to sell. It opened with a gap up directly near buy level.10 o'clock range broke downside below 50335 and fell till 49660. Tomorrow once again we will sell below 49650 on a flat opening. In case 50260 is broken in the upside then possibility of a short covering. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 50260 then we will long for the target of 50950. For selling we need a 15 Min candle close below 49650. T- 48748. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 6 Aug 2024BANKNIFTY Intraday Trade Setup For 6 Aug 2024 Bullish-Above 50450 Invalid-Below 50340 T- 51170 Bearish-Below 49710 Invalid-Above 49820 T- 49050 BANKNIFTY has closed on a bold bearish note with 2.45% cut today. It opened with a big gap down due to global cues and 10 o'clock range was to be used. Range broke downside below 50340 and gave a one way move till 49720, 600 points gain with 170 points risk. Tomorrow once again we maintain sell on rise approach. We will confirm any bullish reversal only when it forms a bullish price structure in 15 Min and 1H TF. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 50450 then we will long for the target of 51170. For selling we need a 15 Min candle close below 49710. T- 49055. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 5 Aug 2024BANKNIFTY Intraday Trade Setup For 5 Aug 2024 Bullish-Above 51610 Invalid-Below 51500 T- 52137 Bearish-Below 51080 Invalid-Below 51190 T- 50550 BANKNIFTY has closed on a slight bearish note last week, ended near week low and formed a shooting star candle. It is near 50 EMA in daily TF breakdown will turn overall trend to bearish. However key level for sharp bearish momentum will be 50400 which is last daily swing low. 49k will be 1st target in the downside. 51610 is a crucial bullish reversal level which is held by the plotted trendline. In case 51200 is sustained bears may start gripping. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 51610 then we will long for the target of 52137. For selling we need a 15 Min candle close below 51080. T- 50550. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 31 Jul 2024BANKNIFTY Intraday Trade Setup For 31 Jul 2024 Bullish-Above 52000 Invalid-Below 51890 T- 52511 Bearish-Below 51130 Invalid-Above 51240 T- 50380 BANKNIFTY has closed almost on a flat note with slight gain of 0.18% today. Yesterday a pullback scenario was discussed for a short position as said we are going into sell on rise mode. Sell triggered as per trade setup @ 51900-50 and fell till 51400 which was our target. It has formed an inside candle in daily TF which is a potential compression in coming sessions. 52k and 51130 are intraday levels for tomorrow. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 52k then we will long for the target of 52511. For selling we need a 15 Min candle close below 51130. T- 50380. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 30 Jul 2024BANKNIFTY Intraday Trade Setup For 30 Jul 2024 Sell_1- From 51905 Invalid-Above 52015 T- 51400 Sell_2-Below 51130 Invalid-Above 51240 T- 50380 BANKNIFTY has closed with a slight gain of 0.22% today. Closing sentiment is bearish as it closed near day low and formed a shooting star candle in daily TF. Sell off was brutal as in just 15-20 Min it was tanked 1100 points. So tomorrow we will maintain a bearish stance or sell on rise approach overall. 51900-51950 can be an intra resistance. Below 51130 index can slip 51600 zone. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 51130 then we will short for the target of 50380. 2nd sell positioned can be done from 51900-50 zone. T- 51400. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 29 Jul 2024BANKNIFTY Intraday Trade Setup For 29 Jul 2024 Bullish-Above 51400 Invalid-Below 51290 T- 51950 Buy-From 50845 Invalid-Below 50735 T- 51300 BANKNIFTY has closed on a slight bearish note with 1.86% cut last week. On Friday there was buying from opening itself, it was Open=Low day. It has taken support from 50 EMA in daily TF. Now above 51400 this bounce can be extended at least towards 52K zone. Below 50350 in daily TF it will be bearish in short term. Best trade will be in bullish side tomorrow if we get a slight pullback before breakout of 51400. 50845 can be intra support. Coming to Monday's trade setup, if index opens opens flat and a 15 Min candle closes above 51400 then we will long for the target of 51950-52k 2nd buying can be done from 50845. T- 51300. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto