Bank Nifty possibility for this week.Bank Nifty has been doing highs Ignoring major news around Inflation, Reporate, Possible Adani Scam etc.
Hence, If Bank Nifty need to resume to normal trading spans, then it will need to undergo a major correction and align to the orthodox channel.
If Correction follows, here is the setup.
Search in ideas for "bank nifty"
Bank Nifty Weekly Analysis for 23-01-23 to 27-01-23.Bank Nifty Weekly Analysis for 23-01-23 to 27-01-23.
42700-42900 is major Resistance for Bank Nifty this week.
41569-41729 is Important Support for Bank Nifty this week.
Index may be Volatile ahead of union budget on Feb 1st.
BankNifty is in range between 41700-42700 for the past 10 days and we may expect the same this week.
We may see a trending move after the Budget.
If Bank Nifty Sustains above 42716, Upside Targets are 43080/43366.
If Bank Nifty trades below 41729, Downside Targets are 41569/40742.
Bank Nifty Options 24 jan 2023Bank Nifty remained in sell at resistance mode today also and kept falling all day after hitting roof in first hour. Selling options have become tad easy after explosive volatility in last 2-3 weeks. I had hinted towards volatility subsiding last week which has made life of option sellers easy now.
Decision range
42828-42880
Resistance for the day
42990
Support for the day
42678
Expectations
Option sellers having field day , put buyers might have some good chance after 12:30
Real time updates
Messenger
Bank Nifty Weekly Analysis for 16-01-23 to 20-01-23.Bank Nifty Weekly Analysis for 16-01-23 to 20-01-23.
Bank Nifty is in Range between 41700-42700 from the last few days.
Index will be in the Range this week and We may see 1000 pts move once the Index breaks the Range on either side.
If Bank Nifty Sustains above 42700, more upside possible and Targets are 43400/43858.
If Bank Nifty breaks 41700, more downside possible and Targets are 41026/40800.
With upcoming budget, we may see high Volatility between these levels.
Bank Nifty Options 18 Jan 2023Bank Nifty continues to trade in a tight range with explosive volatility in options. ITM Options not giving any material advantage to sellers and buyers and sellers having equal chances.
Decision Range
42123-42202
Resistance for the day
42472
Support for the day
41908
Expectations
Mid day reversal after 11:45
Real time updates
updated on direct channels as per need
Bank Nifty Analysis for 11/01/2023Bank Nifty has made Descending Triangle Pattern ..Bank Nifty If breaks 42050 upside then can go to 42350 / 42500 , Down side it has tested the support 3 times so probability it might come down to 41500 to test the levels , there is resistance on 42350 strong resistance on 42500 and support near 41500 , This is my analysis rest market is supreme , This analysis is for educational purpose no recommendation ,
BANK NIFTY TRADE PLAN FOR 05-01-2023Bank Nifty is at Crucial Support of 43000 Zone. In my view, Bank Nifty is more Bullish than Nifty in the Long term.
1. Bank Nifty Closed below 43000, But is still in the Support Zone. We can plan Buying based on Price action today and we can achieve a Good RR Ratio of more than 1:2 and 1:3.
2. If Bank Nifty sustains below 43000 and breaks the support trendline, I will plan to sell on Proper Retest. 42500 Zone will be Big Support in my view because Bank nifty is forming inside candle patterns in Daily TF and the Low of Mother Candle is 42500.
ps: Budget Session is ahead - Trade with Proper Risk Management.
Bank Nifty Weekly Analysis for 26-12-22 to 30-12-22.Bank Nifty Weekly Analysis for 26-12-22 to 30-12-22.
42461-42880 is Resistance for this week.
39970-40769 is major Support For Bank Nifty coming weeks.
If Bank Nifty trades below 41500, Targets on Downside are 41000/40769/39970.
We may see a upward move only if banknifty consolidates between 40769-41500 for couple of days and breaks 41500 on upside.
Verdict: BankNifty is in Downtrend as per Daily & Hourly Timeframe. We may see a Pullback from the Support Zone and
once the Index test the Resistance Area, BankNifty resumes its downtrend.
Bank Nifty witness small correction - news effect corona Bank Nifty witness small correction - news effect corona Opportunity for Buyers
This analysis is based trend line where we saw reversal from low of 32500 on 17-06-2022 then breakout on 19-07-22 of DMA-108 next. With low from 17-06-2022 Trend line appeared as support and market reversed from 37670 and made a high of 44241. Now trend reversed to downside.
Now, support at 41400 seems a reversal point on the basis of trend line drawn based on previous lows. If Break 41400, we may see next support as good support at 40400 based on DMA108. Looking for opportunity on Bank Nifty Index at 41400 for upside trend. This is next analysis to my previous shared chart of Bank nifty in coming weeks.
This small correction was long due. Thanks to news of corona from Bears. Advance Thanks for Bulls at 41400 or 40400 where the news effect erodes.
Both points and mid of both points would be finest opportunities for buyers.
Bank Nifty Weekly Analysis for 12-12-22 to 16-12-22.Bank Nifty Weekly Analysis for 12-12-22 to 16-12-22.
Bank Nifty is in a channel since October. From the last 3 sessions, Index is testing the downside of the channel.
If Bank Nifty breaks the channel on Downside, We may see more Fall.
If Index trades below 43350, our immediate target on downside is 43000/42900.
We may see more downside below 42900 and targets are 42498/42350.
If Bank Nifty Sustains above 43900, Index may test the mid line(dotted) of the channel and Targets on upside are 44217/44500.
Bank Nifty Future Broken the Pattern TodayBank Nifty Future Broken the Pattern Today, and Made Low 43177 on 1 Hour Chart.
As I have already mentioned that Bank Nifty was trading in the same pattern for 3 days but now today we can see that it has given the breakout in the downside, and given rally of 400 points.
If you have any query, please feel free to post in comment section.
MarkitVUE Disclaimer : Information provided here meant for study/education purposes only & should not intended to as a trading/investing advice.