Bank Nifty weekly Analysis For 24-07-23Bank Nifty weekly Analysis For 24-07-23.
Bank Nifty Trend as per Daily/Hourly Chart is Bullish(But on Dips).
Above 46300, Continuation of Trend i.e Current Uptrend Will Continue and Targets are 46600/46800.
Logic is Above 46300, ABCD Activates and the Target is 46810 which is act as PRZ(Potential Reversal Zone).
Below 45900, Reversal of Trend and Targets on Downside are 45780/45618.
Logic is Below 45900, XABCD Activates And Target is 45618 which is act as PRZ.
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Bank Nifty Live Screening 05July,2023Bank Nifty Live Screening 05July,2023
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BANK NIFTY ANALYSIS FOR WEEK FOLLOWING 19 JUNE 2023Bank Nifty is stopping Nifty's run, once the banks start supporting the uptrend all together again, bank nifty will make new Highs
Zones & Levels Above - 44070-083, 44212-248, 44443-498, 44696, 44945
Zones & Levels Below - 43685-740, 43347-404, 42822-916, 42582-668, 42269-334
BANK NIFTYBank Nifty
Day : Friday
Date : 16 June 2023
What exactly happen with Bank Nifty today ??
After a very good for they before yesterday of almost 600 points , Bank Nifty started moving up taking 43500 as a good support. Today it opened gap up then started moving in upward direction make in higher high pattern with very small candles followed by dry volumes. First half was full of consolidation with little upward movement.
Later in the second half Bank Nifty gave a range break out at around 43800 and with the spike and volume Bank Nifty started moving up in a very Rapid speed and within 15 minutes it touched 44080 levels. Then again after 3:00 p.m. People started booking profit and it again came down to its original Breakout level.
Previous day high proves to be a good resistance level.
Bank Nifty weekly Analysis For 12-06-23.Bank Nifty weekly Analysis For 12-06-23.
Bank Nifty created a Double top in daily timeframe.
Bank Nifty has also given a breakout of the current upside trendline which is holding this trend since April.
The 1st and High Probability trade is, If Bank Nifty Breaks 43700, we may see more Fall and Targets are 43480/42780.
Logic: XABCD Activates below 43700.
The 2nd Probability is, Bank Nifty may again go in to a range(Sideways Market) between 43700-44500.
A Trending on Upside is Possible only Above 44500.
Bank Nifty Cautious View.Bank Nifty short sellers need to be cautious as today's candle stick formation is shooting star at 20DEMA Today after giveig low of 43390, below 20DEMA bank nifty recovered forming shooting star pattern. Shooting star pattern is formed as buyers emerge at lower level and push stock /index up.Short trade should be closed above today's high.
Bank Nifty Black Friday ??? 19th May 2023 AnalysisBank Nifty Black Friday ??? 19th May 2023 Analysis
Black Friday ???? 19th May 2023 Friday
Bank Nifty Chart Analysis
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Bank Nifty View for TomorrowBank Nifty View For Tomorrow...Since SGX Nifty is showing 70 points gap down opening tomorrow and if the same happens tomorrow in the morning than Bank nifty should open near to 150-200 Points gap down so it will open near to trendline. If any bullish Price Action happens near trendline than one can go long for todays high target. If todays high is sustained than more upside can be seen...
Bank Nifty Analysis Bank Nifty started the week with a downward gap and extended earlier week's selling momentum however short covering along with buying support at lower levels. recovered some of the earlier losses. Bank Nifty Closed at 39598 with a loss of 887 points on a weekly basis.
On the weekly chart the index has formed a bearish candle forming lower high-low compared to previous week and has closed below it low indicating weakness at current levels.
The chart pattern suggests that if Bank Nifty crosses and sustains above 39800 level it would witness buying which would lead the index towards 4000-40200 levels.
However if index breaks below 39400 level it would witness selling which would take the index towards 39200-39000.
For the week, we expect Bank Nifty to trade in the range of 40200-39000 with a negative bias.
The weekly strength indicator RSI is in negative terrain and are below their respective reference lines indicating negative bias.
Bank Nifty On Weekly ChartBank Nifty trading near its all time High, i.e. approx 2% below from all time high, RS is indicating Positive sign, & Hilega & Milega also indicating positive sign. But there is two resistance one is BB upper level & second one is All time High (41152), if Nifty break and hold that level (means two close above breakout level) then we can see further move.
Bank nifty 24-4-23 analysisBank nifty is still in a symmetrical triangle zone. Strong support at 42000 level and strong resistance at 42500 level. If it breaks 42200 level, you can go for a small target of 42300 level, and if it sustains there for 30 to 40 minutes u can expect some upside. For PUTwait u can wait for the 42000 level to breached for fairly good time. Bank nifty should move below 42000 level for about 30 minutes than u can go for the PUT
Bank nifty Expiry Hero or Zero Trade.Bank nifty is looking neutral to short side at this point but as this is expiry day either side from current level can give a huge momentum so below 42200 if banknifty sustain then we can see downlevels from here, and if nifty crosses 42400 levels and got sustain till one hour then 42650+ levels is going to see on chart.
so as of now we can go in strangles:-
It is hero zero call and put option strangle
Buy 42400 call option at 18
and
buy 42000 put option trading at 26
this is purely hero zero call so there is no stop loss. please trade carefully with less qty. Chances are high any side move can give you huge price appreciation in given strike price.