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Niftybank moments for option trading 19/nov/2024Niftybank moments for option trading 19/nov/2024 follow us for more updates information. WELCOME TO ARROWINDEX We're dedicated to providing you the best of Finance stock market , with a focus on dependability and Investment. We're working to turn our passion for Finance stock market into a booming online.We analyze Live Market and try to Provide learning information Content. All the Live Market views and charts .We hope you enjoy our Finance stock market as much as we enjoy offering them to you.Support and offering Effective online education modules for all segments of traders Customized portfolio tracker Online research & trading guidance Entry and Exit support for:- Intraday trading,Swing trading,Scalping,Position trading Future & Delivery trading Technical analysis Fundamentals analysis Fii & Dii data and reports
NSE:BANKNIFTY
by ARROWINDEX
Nifty Intraday Levels | 12-JULY-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
Nifty Futures Intraday Levels | 21 -JUNE-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
Nifty Futures Intraday levels | 20- JUNE- 2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
Nifty Futures Intraday levels | 19-JUNE-2024 #Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders
Banknifty Intraday Prediction Levels for 21 March 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
Options: Buying vs. Selling - A Comprehensive GuideExploring the realm of options trading unveils two key players: Buyers and Sellers. Each wields unique strategies with its mix of risks and rewards. Let's break it down in simple terms. # Option Buyers: Riding on Possibilities Chances of Making Money (PoP): Buyers aim for good market moves, counting on accurate predictions within a specific time. Risk: For buyers, risks are limited. Losses only go as far as the premium paid. Time Pressure: Buyers fight against time. Being right means aligning predictions with a set timeframe. Volatility Impact: Buyers gain when things get more uncertain, making their options potentially more valuable. Market Moves Matter: Buyers thrive when the market goes up or down; they bet on a specific direction. Skill Needed: While simpler than selling, buyers need a good sense of market trends. # Option Sellers: Crafting Strategies with Care Chances of Making Money (PoP): Sellers prefer stable or slightly tricky markets, benefitting from time passing by. Risk Check: Sellers face unlimited risks if the market moves too much against them. Time on Their Side: Sellers like time passing; it works in their favor. Volatility Impact: Less drama is better for sellers; it makes their options lose less value. Direction Doesn’t Matter Much: Sellers can make money in quieter markets; they have more room to move. Skill Level: Selling needs more skill, involving clever strategies and calculations. # What Decides Success: A Mix of Factors Winning in the options game is about reading the market, knowing your risk appetite, and being smart with strategies. - Chances of Making Money: Buyers look for clear market trends, while sellers like it stable. - Risk Game: Buyers have limits on losses; sellers need to watch out for big market moves. - Time’s Effect: Buyers fight against time; sellers make time work for them. - Cost and Volatility: Buyers pay more, and gain from more drama. Sellers earn from premiums and like calm markets. Succeeding in options trading is about thinking smart, adapting to what the market gives, and keeping your skills sharp. Grateful for Your Support! 🌟 To our amazing 150+ followers, your enthusiasm fuels our journey! 🚀 Thank you for being part of our community, and decoding financial mysteries together. Here's to more insights and learning ahead.
BSE:SENSEXEducation
by iamrk7
Options Decoded: Intrinsic Value, Moneyness RevealedCracking the Code: Understanding Intrinsic Value and Moneyness in Options Trading Welcome to the journey of unraveling the mysteries of options trading. Today, we'll demystify two crucial concepts: Intrinsic Value and Moneyness. Let's dive in. # Moneyness in a Nutshell In options trading, Moneyness is the magic word that describes the relationship between the option's strike price and the current price of the underlying asset. It's like deciphering the secret code to assess an option's potential profitability. At-the-Money (ATM) Options: An option is ATM when its strike price closely aligns with the current market price of the asset. No profits or losses just yet. Example: If a stock is at ₹1,000, an ATM call and put option would both have a strike price of ₹1,000. In-the-Money (ITM) Options: ITM options have a strike price favorable for profits if exercised immediately. They come with a higher premium. Example: With the stock at ₹1,000, a call option with a ₹950 strike is ITM, and a put option with a ₹1,050 strike is also ITM. Out-of-the-Money (OTM) Options: OTM options have a strike price unfavorable for immediate profits. They have a lower premium. Example: If the stock is at ₹1,000, a call option with a ₹1,050 strike is OTM, and a put option with a ₹950 strike is OTM. Moneyness is a dynamic concept. An option that's ATM now can become ITM or OTM as the underlying asset's price moves. # Demystifying Intrinsic Value Now, let's spotlight Intrinsic Value, the hidden treasure within an option. Intrinsic Value is the real, tangible value an option holds. For Call Options: - Intrinsic Value = Spot Price - Call Option Strike Price Scenario 1: If Bank Nifty is at ₹40,000 and the call option strike is ₹39,000, - Intrinsic Value = ₹1,000 (Profitable) Scenario 2: Call option strike at ₹40,500, - Intrinsic Value = ₹0 (Non-Negative) Scenario 3: Call option strike at ₹41,500, - Intrinsic Value = ₹0 (Non-Negative) For Put Options: - Intrinsic Value = Put Option Strike Price - Spot Price Scenario 4: Put option strike at ₹41,000, - Intrinsic Value = ₹1,000 (Profitable) Scenario 5: Put option strike at ₹39,500, - Intrinsic Value = ₹500 (Profitable) Scenario 6: Put option strike at ₹38,000, - Intrinsic Value = ₹0 (Non-Negative) Remember, Intrinsic Value can't go negative. It represents the concrete worth of the option based on the current market conditions. Mastering these concepts is like wielding a powerful sword in the options trading arena. Stay tuned for more insights into the fascinating world of financial possibilities! Also Thank You for the Love! 🌟 Dear followers, your enthusiasm and support have propelled us to 100 followers! 🎉 Your engagement and love for our content keep us motivated.
BSE:SENSEXEducation
by iamrk7
3
Understanding Options Trading Terminology: An In-Depth GuideUnderstanding Options Trading Terminology: An In-Depth Guide Embarking on the journey of options trading requires a solid grasp of key terms. Let's delve into the intricacies of these terms to equip you for successful trading. # Call Options (CE) and Put Options (PE) **Call Options (CE):** - When you buy a Call option (going Long), you're betting on the stock's upward movement. - Selling a Call option (going Short) means you're betting on the stock's downward movement. **Put Options (PE):** - Selling a Put option (going Short) is a bet on the stock's upward movement. - Buying a Put option (going Long) means you're betting on the stock's downward movement. # Expiration Date The expiration date is when the option owner must exercise their right to buy or sell the underlying asset. After this date, the option becomes worthless. Indian markets usually see monthly expiries on the last Thursday, though weekly or daily expiries exist. # Options Premium The options premium is the price paid by the buyer to the seller for the right to buy or sell the underlying asset. Influenced by market price, strike price, time until expiration, and asset volatility, it represents the cost of the option contract. *Example:* Buying a call option on Reliance Industries with a strike price of 2,200 INR and a premium of 50 INR means paying 50 INR per share for the right to buy Reliance Industries shares at 2,200 INR before expiration. # Lot Size Lot size refers to the number of contracts traded in a single order. For NIFTY 50 index options in India, the lot size is typically 50 contracts. Understanding lot size is crucial, impacting trading costs and potential profitability. # Strike Price The strike price is where the option buyer can buy or sell the underlying asset. In India, NIFTY index options often have strike prices set at regular intervals, like every 50 points. *Example:* If the NIFTY index is at 21,000, strike prices may include 20,950, 21,000, and 21,050. Buying a call option with a strike of 21,050 bets on the index rising above that level. # Spot Price The spot price is the current market price of the underlying asset. It's essential in determining the intrinsic value of an option, which is the difference between the spot price and the strike price. # Breakeven Points Breakeven points are critical for traders. Let's illustrate: - Selling a BN 6th Dec. 47400 CE (call option) with an expiry on 6th December. - If BN closes at 47400 on expiry, the contract is valued at 0. - If BN closes below 47400, it's valued at 0. - If BN closes at 47401, it's priced at 1, and so on. Understanding breakeven points is key to managing trades effectively. Armed with this terminology, you're better prepared to navigate the dynamic landscape of options trading. Stay tuned for more insights into mastering this exciting financial realm!"
BSE:SENSEXEducation
by iamrk7
3
Bank Nifty Support Resistance Levels 18Oct 1. ** Previous Market Levels: ** You mentioned that there was an exact rejection from resistance levels, and the market found support at 44371. This suggests that 44371 is an important level to watch. 2. ** Support Levels for Tomorrow (18/10/23):** - 44371 - 44200 - 44120 3. **Resistance Levels for Tomorrow (in the upside):** - 44371 (which was the previous resistance) - 44532 - 44713 4. **Trading Plan:** You suggested a buying plan based on whether the market opens gap down or flat: - If the market opens flat and above 44532, consider planning a buying strategy. - If the market opens below 44532, consider other levels.
NSE:BANKNIFTYLong
by santubittu
Bank Nifty Technical analysis for Tomorrow Your technical analysis for Bank Nifty on 05/10/23 i. Here is a summary: **Market View:** Bearish **Support Levels:** 43770 **Resistance Levels:** 43995/44200/44400 **Analysis:** * Bank Nifty is currently in a bearish trend. * If the market breaks below 43770, further downside is possible, down to 43500. * On the upside, resistance is seen at 43995/44200/44400. **Conclusion:** Traders should be cautious about buying options in Bank Nifty, as the market is in a bearish trend. If the market breaks below 43770, traders should look to sell short. **Additional Notes:** * It is important to note that technical analysis is not a perfect predictor of future market movements. Traders should always use risk management techniques when trading. * It is also important to consider other factors, such as fundamental and macroeconomic data, when making trading decisions. **Disclaimer:** This is not financial advice. Please do your own research before making any trading decisions.
NSE:BANKNIFTYShort
by santubittu
Technical Analysis For Banknifty**Date:** September 28, 2023 **Key Levels:** * Resistance: 44962 * Support: 44465, 44200, 44000 Asper OI: Support: Not Good Strong Support Levels Resistance is: 45000 Big Then 44700/44800 **Analysis:** * The market is currently in an uptrend, but it is facing resistance at the 44962 level. * If the market is able to break above 44962, then a good bullish trend can be confirmed. * The first support level is at 44465. If the market breaks below this level, then a fall is possible. * The second support level is at 44200. If the market breaks below this level, then a further fall is possible. * The third support level is at 44000. If the market breaks below this level, then a significant fall is possible. **Trading Strategy:** * If the market opens gap-up above 44600, then traders should wait for a pullback to one of the support levels before entering a long trade. * If the market opens gap-down, then traders should wait for a confirmation of the downtrend before entering a short trade. * Traders should always use stop-loss orders to protect their capital. **Example:** A trader is bullish on the market and wants to enter a long trade. The trader waits for the market to pull back to the 44465 level. The trader then enters a long trade with a stop-loss order below 44400. If the market is able to break above 44962, then the trader will make a profit. If the market falls below 44400, then the trader will exit the trade with a small loss. **Proper Technical Analysis:** * The technical analysis above is based on the following key points: * The market is currently in an uptrend, as evidenced by the rising trendline. * The market is facing resistance at the 44962 level. * The market has three key support levels at 44465, 44200, and 44000. * The trading strategy above is based on the following key points: * Traders should wait for a confirmation of the trend before entering a trade. * Traders should always use stop-loss orders to protect their capital. It is important to note that this is just a sample technical analysis and trading strategy. Traders should always do their own research before making any trading decisions.
NSE:BANKNIFTYLong
by santubittu
Technical Analysis for Nifty 50 Tomorrow **Technical Analysis for Nifty 50 Tomorrow** **Support and Resistance Levels** * **Support:** 19600 * **Resistance:** 19700, 19750, 19800 **Option Open Interest** * **Support:** 19600/19500 Huge PE Writer * **Resistance:** 19700/19750/19800 Huge CE Writer **Overall Outlook** The Nifty 50 is expected to be rangebound tomorrow, with support at 19600 and resistance at 19700, 19750, and 19800. The option open interest suggests that there is strong support at 19600 and strong resistance at 19700/19750/19800. **Key Points** * The Nifty 50 has been trading in a range of 19600-19800 for the past few days. * There is strong support at 19600 and strong resistance at 19700, 19750, and 19800. * The option open interest suggests that there is strong support at 19600 and strong resistance at 19700/19750/19800. **Trading Strategy** Traders can go long on the Nifty 50 if it breaks through the 19800 resistance level. However, they should place a stop loss below the 19600 support level. Traders can also go short on the Nifty 50 if it falls below the 19600 support level. However, they should place a stop loss above the 19700 resistance level. **Disclaimer** This is not a financial advice. Please do your own research before making any trading decisions.
NSE:NIFTYLong
by santubittu
4
Technical Analysis for Bank Nifty Tomorrow**Technical Analysis for Bank Nifty Tomorrow** **Support and Resistance Levels** * **Support:** 44500, 44400 * **Resistance:** 44700, 44800, 45000 **Option Open Interest** * **Support:** 44500 Put Writer is huge as compared to CE Writer * **Resistance:** 44700/44800 and 45000 **Overall Outlook** The Bank Nifty is expected to move bullish tomorrow. However, it is important to note that there are strong resistance levels at 44700, 44800, and 45000. If the Bank Nifty is unable to break through these levels, it could face selling pressure. **Key Points** * The Bank Nifty is in a sideways trend today, with no major buying or selling movement. * 44900 is a strong resistance level on the upside, while 44400 is a strong support level on the downside. * The option open interest suggests that there is strong support at 44500 and strong resistance at 44700/44800 and 45000. * The overall outlook for the Bank Nifty tomorrow is bullish. However, it is important to note that there are strong resistance levels at 44700, 44800, and 45000. **Trading Strategy** Traders can go long on the Bank Nifty if it breaks through the 44900 resistance level. However, they should place a stop loss below the 44500 support level. Traders can also go short on the Bank Nifty if it falls below the 44400 support level. However, they should place a stop loss above the 44900 resistance level. **Disclaimer** This is not a financial advice. Please do your own research before making any trading decisions.
NSE:BANKNIFTYLong
by santubittu
2
Technical Analysis of Finnifty for Tomorrow **Technical Analysis of CNX Finance for Tomorrow (26 September 2023)** **Support:** * 19800 (Big Support) **Resistance:** * 20000 **Overall Analysis:** The CNX Finance index is currently trading at 19850, just below the resistance level of 20000. The index has been in a sideways to bearish phase for the past few weeks, and the overall market sentiment is bearish. However, there is a good chance that the index could move upside tomorrow if it breaks above 20000. The index has strong support at 19800, and there is a lot of put writers at this level. Therefore, if the index breaks above 20000, it could face strong buying pressure. **Good Points:** * The index has strong support at 19800. * There is a lot of put writers at the 19800 level. * The index could move upside if it breaks above 20000. **Trading Strategy:** * **Bullish Traders:** If the CNX Finance index breaks above 20000, bullish traders can enter long positions with a stop loss below 19950. * **Bearish Traders:** If the CNX Finance index breaks below 19800, bearish traders can enter short positions with a stop loss above 19850. **Overall, the CNX Finance index is likely to move in a range of 19800-20000 tomorrow. However, there is a good chance that the index could move upside if it breaks above 20000.** **Disclaimer:** This is just a technical analysis and should not be considered as a trading recommendation. Please consult your financial advisor before making any trading decisions. **Additional Notes:** * The CNX Finance index is a basket of stocks of Indian financial companies. The index includes banks, non-banking financial companies (NBFCs), insurance companies, and other financial institutions. * The index is an important indicator of the performance of the Indian financial sector. A strong performance of the index indicates that the Indian financial sector is healthy and growing. * Investors who are interested in investing in the Indian financial sector can consider investing in the CNX Finance index ETF.
NSE:CNXFINANCELong
by santubittu
Technical Analysis of Nifty 50 for TomorrowTechnical Analysis of Nifty 50 for Tomorrow (26 September 2023) with Good Points Support: 19600-19500 (Strong Support) Resistance: 19800 (Big Resistance) Overall Analysis: The Nifty 50 index is currently trading at 19674.55, just below the resistance level of 19800. The index has been in a sideways to bearish phase for the past few weeks, and the overall market sentiment is bearish. However, there is a good chance that the index could move upside tomorrow if it breaks above 19800. The index has strong support at 19600-19500, and there is a lot of put writers at this level. Therefore, if the index breaks above 19800, it could face strong buying pressure. Good Points: The index has strong support at 19600-19500. There is a lot of put writers at the 19600-19500 level. The index could move upside if it breaks above 19800. Trading Strategy: Bullish Traders: If the Nifty 50 index breaks above 19800, bullish traders can enter long positions with a stop loss below 19750. Bearish Traders: If the Nifty 50 index breaks below 19600, bearish traders can enter short positions with a stop loss above 19650. Overall, the Nifty 50 index is likely to move in a range of 19600-19800 tomorrow. However, there is a good chance that the index could move upside if it breaks above 19800. Disclaimer: This is just a technical analysis and should not be considered as a trading recommendation. Please consult your financial advisor before making any trading decisions.
NSE:NIFTYLong
by santubittu
Technical Analysis of Bank Nifty for Tomorrow Technical Analysis of Bank Nifty for Tomorrow (26 September 2023) Support: 44500 (Big Support) 44700/44600 Resistance: 45000 (Big Resistance) Overall Analysis: The Bank Nifty index is currently in a consolidation phase, with a strong support zone at 44500 and a strong resistance zone at 45000. If the index breaks below 44500, it could fall further to 44400 or even lower. On the other hand, if the index breaks above 45000, it could rally to 45900 or even higher. However, it is important to note that the 45000 strike price has a huge concentration of call writers. This suggests that there is strong resistance at this level. Therefore, traders should be cautious before taking any bullish bets on Bank Nifty. Trading Strategy: Bullish Traders: If the Bank Nifty index breaks above 45000, bullish traders can enter long positions with a stop loss below 44900. Bearish Traders: If the Bank Nifty index breaks below 44500, bearish traders can enter short positions with a stop loss above 44700. Overall, the Bank Nifty index is likely to remain in a consolidation phase tomorrow. Traders should be cautious before taking any bets on the index. Disclaimer: This is just a technical analysis and should not be considered as a trading recommendation. Please consult your financial advisor before making any trading decisions.
NSE:BANKNIFTY
by santubittu
Technical Analysis for Nifty50 for Tomorrow**Technical Analysis for Nifty50 for Tomorrow - September 25, 2023** **Overall Outlook** Nifty50 is expected to open negative tomorrow, following the negative global markets. However, if the market opens above 19,700, then the 19,600 level will act as a support. On the upside, the resistance levels are 19,800 and 19,900-20,000. **Support and Resistance Levels** **Supports:** * 19,600 (strong support as per OI data) **Resistances:** * 19,800 * 19,900-20,000 **Trading Strategy** * **Buy:** If the market trades above 19,800 and closes with a 15-minute green candle, then a buying side movement can be expected. * **Sell:** Wait for a breakdown of 19,600 before selling. **Note:** Please follow price action and wait for opportunities to trade. **Additional Comments** * The global markets are negative due to concerns about rising interest rates and a potential recession. * Nifty50 is a broad market index, and it is sensitive to global market trends. * If the global markets continue to remain negative, it could weigh on Nifty50 as well. * However, if the market opens above 19,700 tomorrow and closes with a 15-minute green candle, then it could signal a bullish reversal. * Traders should carefully monitor the price action and wait for opportunities to trade. **Disclaimer:** This is just a technical analysis and is not a recommendation to buy or sell any security. Please do your own research before making any investment decisions.
NSE:NIFTYShort
by santubittu
Bank Nifty Technical Analysis for Tomorrow **Bank Nifty Technical Analysis for Tomorrow - September 25, 2023** **Overall Outlook** Bank Nifty is expected to open negative tomorrow, following the negative global markets. However, if the market opens above 44,550, then the 44,500 level will act as a support. On the upside, the resistance levels are 44,970 and 45,200-45,400. **Support and Resistance Levels** **Supports:** * 44,500 (strong support as per OI data) **Resistances:** * 44,800/44,900 * 45,000 * 44,970 * 45,200-45,400 **Trading Strategy** * **Buy:** If the market trades above 44,970 and closes with a 15-minute green candle, then a buying side movement can be expected. * **Sell:** Wait for a breakdown of 44,300 before selling. **Note:** Please follow price action and wait for opportunities to trade. **Additional Comments** * The global markets are negative due to concerns about rising interest rates and a potential recession. * Bank Nifty is a banking sector index, and the banking sector is sensitive to interest rates. * If the global markets continue to remain negative, it could weigh on Bank Nifty as well. * However, if the market opens above 44,550 tomorrow and closes with a 15-minute green candle, then it could signal a bullish reversal. * Traders should carefully monitor the price action and wait for opportunities to trade.
NSE:BANKNIFTYShort
by santubittu
Bank Nifty Analysis For 22Sept2023 **Market Outlook** The market has been in a downtrend for the past few days, and is likely to continue to be bearish tomorrow. The Bank-Nifty is expected to open gap-down, with a first resistance at 44600 and a second resistance at 45000. If the BankNifty breaks 44600 and closes a green candle on the 5-minute chart, then traders can go long. However, if the Nifty breaks 44200, then traders can expect further downside movement to 43900 and below. **Key Support and Resistance Levels** * Support: 43900, 43600 * Resistance: 44200, 44600, 45000 **OI Data** The OI data for the market is not very bullish, with only 44500 having good support. On the resistance side, the market has strong resistance at 44800 and 45000. **Trading Strategy** Wait for the market to open and then watch the price action. If the Nifty opens a gap-down and breaks 44600, then traders can go long. However, if the Nifty breaks 44200, then traders can expect further downside movement to 43900 and below. **Disclaimer** This is just a professional stock market analysis for tomorrow, September 22, 2023. It is not financial advice, and traders should always do their own research before making any investment decisions.
NSE:BANKNIFTYShort
by santubittu
Nify50 Support Resistance 18sept2023 If You Watch the Index in Day Candel You See Market Continue Upside move no retest or sideway. so for technical analysis, we know the market needs to test or retest then the market can go upside.. For Tommorw Support Resistance Market Rejection From All-Time High 20200 if the Market goes Upside above 20200 or closes a green candle 5 mint then we can again see a sideway market or buying market Support Levels 20100/20050 AsPer OI Data Support Resistance at Nifty50 Big Support 20100/20000 Big Resistance 2020/20300 if market sustenance above 20200 then we can see a buy-side move because of call writer are high Follow me For update #nifty #banknifty #niftyanalyis #supportresistance #marketindexanalyis #santubittu
NSE:NIFTY
by santubittu