BANK NIFTY BANK NIFTY moving in channel, good short opportunity for those considering monthly options.
For Intra Keep an Eye on IV and take actions.
Search in ideas for "bank nifty"
Bank Nifty - Channel Breakout, massive OI build up. Bank Nifty closed with a big gain today, it made a trend line breakout and closed near day's highest level.
All this is well supported by Futures' open interest buildup, we may see more upside going forward.
One can trade using bull spreads for targets of 19300, 19800 and above, in days to come.
17980 can be used as a trading stop loss for all long positions.
9EMA on 21 RSI has given a strong buy signal. Only hitch is value of RSI on daily charts is not very comfortable, but it is in uptrend and may come in comfortable position in near future.
Bank Nifty TRIANGLE break down _1 hr Bank Nifty was broken the triangle pattern for 1 hr timeframe. There could be a retracement tomorrow and continues the downward direction.
Bank Nifty: Intraday Supply and Demand Zones.Bank Nifty closed in the major supply zone @ 19815-20840. On the downside, there's one more supply zone @ 19180-19500 and upperside 21500-2170.
Please find the supply and demand zones in the chart.
tgram swapniltradingroom
Bank Nifty: Intraday Demand and Supply ZonesBank Nifty next supply zone @ 17500-17600. Once it sustains above this zone it may test its next supply zone @ 18400-18900 but be careful this move may not have strength. On the downside, once it will sustain below 16300 then only I will sell for the target of 15500. 16300-17600 will be the no-trade zone for me, I may take the trade-in option selling in this sideways zone because expiry is very close.
tgram a swapniltradingroom
Bank Nifty: Weekly Major Demand ZoneBank Nifty major demand zone @ 17500-18200. This is major support on the Weekly and Monthly chart. Let's see BNF will hold this support or not if it will fail to hold this support and manage to sustain below this zone then we can see the BNF @ 15700-16300 and 13300-14000.
Bank Nifty analysisBank nifty is in a bullish trend, the Solar Eclipse was on 26th December 2019, which has changed the trend for the index. The effect was clearly seen today. Talking about price levels, the major resistance is at 33489. Before that, the upcoming strong resistance is 32860. If index floats above 32160, which is likely to, then the next possibilities are 32640-->32790.
Regards,
Sharma Yogesh
BANK NIFTY REVERSES MILDLY BEARISH OUTLOOK OF THURSDAYBANK NIFTY IS AT RESISTANCE .
SEEMS TO BE MORE BULLISH THAN NIFTY.
HOWEVER IF IT GAPS UP AND FALLS THEN IT MAY GET SUPPORT AT 28129 AND 28049.
RESISTANCE LEVELS ARE RETARCEMENT LEVEL IN THE CHART AND 200 DAYS SMA..
IF IT OVERCOMES TARGET MAY BE 28839
Bank NiftyBank Nifty Trades using Blue Sky Plus Indicator. Message or Comment to get a free trial of the indicator.
BANK NIFTY : -181 PIPES LEFT TO BREAK PREVIOUS WEEKS +990 PIPES BANK NIFTY BREAK DOWN -809 PIPES FOR PAST {MONDAY : -243 PIPES , TUESDAY : -175 PIPES, WEDNESDAY : -184 PIPES , THURSDAY : - 207 PIPES }
AFTER DEC 05 2018 : RBI UNCHANGED 6.5 % INTEREST RATE : BANK NIFTY CONTINUOUS TO BE NEGATIVE WEDNESDAY : - 184 PIPES & TODAY : THURSDAY : -207 PIPES
IN WHICH MY PREVIOUS ORDERS ATTAINED 80% STILL TARGET 4 AS TO ATTAIN FOR REFERENCE DEC 05 SELL ORDER : IF IT BREAKS 26443
SELL BANK NIFTY @T ENTRY : 26442
STOP LOSS : 26821
TARGET 1 : 26347
TARGET 2 : 26315
TARGET 3 : 26253
TARGET 4 : 26063
SO BANK NIFTY REACTS OPPOSITE(NEGATIVE) TO PREVIOUS WEEK POSITIVE MOVEMENT + 990 PIPES
IN CASE BANK NIFTY COMPLETES ANOTHER - 181 PIPES THEN BANK NIFTY BREAKS PREVIOUS WEEKS POSITIVE MOVEMENT
SO IF TOMORROW BANK NIFTY BREAKS 26153
SELL BANK NIFTY @T ENTRY : 26152
STOP LOSS : 26628
TARGET 1 : 26033
TARGET 2 : 25993
TARGET 3 : 25914
TARGET 4 : 25676
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Bank Nifty: More Downside to Follow.-Bank Nifty breaking a key resistance today.
-MACD crossing under 0.
-Further correction looks likely.
-Emerging markets across the globe currently under pressure.
Not an investment advice. Do your own due diligence.
Disc: Short via puts.
Bank NIfty Chart Analysis: RBI Policy tomorrow...Bank Nifty
Closing Price 25811
In our previous post, we highlighted the importance of 25800 and 25280 levels
As can be seen from the chart, Bank Nifty respected both the levels
Now we have RBI Policy tomorrow
What can we expect...
The up side resistance zone is still intact
On any rise, if we see price action getting rejected, we could be in for the 2nd leg of correction....
Resistance and Target zone have been highlighted
There you go...
Important levels have been highlighted
Hope it helps in planing your trade...
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Do like and share with your friends & colleagues if you find the analysis helpful...
Sharing is caring...!!!
Take care & safe trading...!!!
Bank Nifty: Support & resistance levelsBank Nifty
Closing Price 25124.85
We have RBi Policy tomorrow...
As per Andrew's Pitchfork
Strong resistance at 25480
Crucial zone 25180 - 25080
Support at 24820 levels
We have identified important levels and we keep ourselves ready.
Will update this thread further during market hours...
Take care & safe trading...!!!
Bank nifty cup and handleBank nifty forms cup and handle pattern in the 15 mins chart, and gives a breakout.
Bank Nifty is Still Doubt full But How ?**Bank Nifty** (Nifty Bank) is a stock market index on the **National Stock Exchange of India (NSE)** that represents the performance of the banking sector. It consists of the **12 most liquid and large-cap banking stocks** from both **public and private sector banks**. The index serves as a benchmark for banking sector performance and is widely used for trading in futures and options. Major components of Bank Nifty include **HDFC Bank, ICICI Bank, State Bank of India (SBI), Axis Bank, Kotak Mahindra Bank, IndusInd Bank**, and others. The index is highly volatile and sensitive to economic, monetary policy, and banking sector developments.
Bank Nifty spot 49099.45 by the Daily Chart view*Bank Nifty spot 49099.45 by the Daily Chart view*
- Just an FYI to note, for the current status of the Bank Nifty Index Daily Closure
- Close observation shows Double Bottom formed over past 3 days at 47819 to 48735 Index level
- Falling Resistance Trendline Breakout might just be sustained and we hope for the best to happen
- Bullish "W" Double Bottom formed at Support Zone 47850 to 48075 Index Band is yet been sustained
Bank nifty 30 min chat Wave analysisBank nifty 30 min chart wave analysis
Market usually trade in motive and correction phase
Bank nifty price travel 47898 to 49459 in motive wave formation as 12345
after that market produce irregular flat correction which is denoted by abc
I anticipate next impulse wave target price above 50000
keep in mind validation level 47898
Disclaimer
I am not SEBI Registered Financial Adviser, it is my personal research and view only for educational purpose, before taking any trade please advise your financial adviser.
Thanks
MKT Learner
Bank Nifty 10/01/2025 Start Down TrendBank nifty breakout on his support line and start down trend continue. Monday Bank nifty trade will be more down falls .Market me be big selling or profit booking on Monday.
Bank Nifty Short term viewBank Nifty Short term view
Bank Nifty formed Head & Shoulder pattern in weekly TF.
Neckline is 49800. Price closed below the neckline and confirmed the pattern last week.
45000 is the possible target as per the pattern which we may see in the coming weeks.
49700-50000 is the resistance for next week.
If Bank nifty gives a pull back, Resistance zone is the ideal level to open a short position.
Bank Nifty key intraday levels for 24.12.24Bank Nifty key intraday levels for 24.12.24. Please refer to the self explanatory important zones and mark the levels in your chart and get prepared.
Bank Nifty
Resistance
R1 51500 - 51650
R2 52000 - 52080
Support
S1 51000 - 50900
S2 50680 - 50400
Regards
Bull Man
Bank NiftyBank Nifty seems to have corrected and is near trendline support
Cmp- 50970
Sl - 50700
Bank Nifty might reverse from these level with a northward move expected to be of 2000 points in coming days.
Note: This is just my view and not a recommendation.
