Bank nifty has broken major resistance gap up opening expectedBank nifty has broken major resistance gap up opening expected
banks are short covering #diamond break up side
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Bank Nifty Cmp 39909 dated 24-2-2023 Bank Nifty Cmp 39909 dated 24-2-2023
A. Buying Scenario
1. Bank Support @ 39400
2. Thursday was a Doji Kind Candle.
3. Friday closed above Doji kind of a Candle.
4. Bank Nifty Corrected 4600 points from high's
i.e.10 % Correction.
Here we can Take a chance trade & buy Bank Nifty @ 40150 for target 40500-41000-41400-41800 SL 39400
B.Selling Scenario
1. Bank Nifty Support @ 39400
Sell only Below 39400 for target 39100-38500-
37900 SL 40200
IF Opens Gap up or Gap down
Don't trade we will see the Price action & we will trade.
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
bank nifty / sell modebank nifty is inn sell trend .
in higher time frame have trend line break out.
and market have to collect the liqudity
if trend change we can see a new high in few weeks...
happy trading
BANK NIFTY INDEXbank nifty analysis for upcoming days.
bank nifty nears to its support zone. wait and watch for price action.
bank nifty following trend"Bank Nifty trading idea involves the use of technical and fundamental analysis to identify potential trading opportunities within the banking and financial sector, with a focus on risk management and portfolio diversification."
chart looking weak , short side only if trend continues ....
no trade if starts trading sideways
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.
BANK NIFTY MONTHLY EXPIRY SPECIALBANK NIFTY MONTHLY EXPIRY SPECIAL:
Nifty Bank if break 40580 then it should touch 40150-40000-39700 possibility very high
Other hand if break 40880 then it should touch 41100-41250-41480 possibility very high
BANK NIFTYbank nifty cmp 41559 dwn side 41279 upside 42000 42576 42600 42900 bank nifty my view bullish all education purpose only
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 Analysis for 05-01-23Bank Nifty Analysis for 05-01-23.
If Bank Nifty Trades below 42850, more downside possible & Targets are 42690/42573.
If Index Sustains above 43220, Upside Targets are 43333/43424.
Bank nifty 2 hour chart inverted head and shoulder Bank nifty 2 hour chart seems to be Inverted head and shoulder pattern.
If bank nifty crosses 43600 in 15 minutes chart and sustains.. 44000 Target is visible.
Banknifty 43300 CE can be bought for 5th jan weekly options.
BANK Nifty ChartBANK NIFTY strongly taking support from level 42850.. It complete 61.80% fib retracement..
BANK NIFTY going upside..
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 Chart 1hr Time FrameBANK NIFTY strongly take support from level 41600.. Bank nifty going upward..
keep add this in your watch list. .
Bank Nifty at critical support levelsBank Nifty is better placed than Nifty, however next week will have to see if it takes support at this levels or not.
