BANK NIFTY - 15 MIN CHART - 30.08.2022 - BAHAVAN CAPITALBANK NIFTY as per 15 min chart analysis below follows my observations
If Bank Nifty opens Above 38400 then Resistance at 38447 / 38506 / 38548 / 38597 / 38641 / 38722 / 38752 / 38840 / 38905 / 38956 / 39040.
If Bank Nifty opens Below 38200 then Support at 38119/ 38070 / 38021 / 37943 / 37891 / 37861 / 37797 .
FII Net selling was at 561.22 Crores and DII Net buying was at 144.08 Crores.
Today it had been a Range Bound mostly. So it can be a Gap up opening for tomorrow.
If there is a Gap Down opening and if PDL is not Broken then it might be another Range Bound day.
Bank Nifty for tomorrow will continue to be in Range. Since there had been not much selling or buying by Institutional Investors.
Happy Profitable Trading to All.....
Search in ideas for "bank nifty"
BANK NIFTY - 15 min chart - 29.08.2022 - BAHAVAN CAPITALBANK NIFTY as per my previous post for 26.08.2022 mentioned that there had been no aggressive buy or sell by both FII and DII.
Similarly today was an highly volatile day where from 12.15 to 3.30 pm there had been no big movement on the either side.
FII Net Selling was at 51.12 Crores and DII Net Buying was at 453.59 Crores.
Being mostly a sideways day on 26.08.2022 we should witness some better movement any one of the side by Monday.
Above 39276 then Resistance at 39371 / 39407 / 39464 / 39605.
Below 38752 then Support at 38635 / 38555 / 38506 / 38470 / 38379 / 38273 / 38208 / 38113 / 38029 / 37795.
Nasdaq Composite and Dow Jones Index had a good Fall today (26.08.22) and there could be a similar impact on Nifty and Bank Nifty too.
However lets see where market opens.
Happy Weekend to All........
BANK NIFTY - PRICE ACTION - 25.08.2022 - BAHAVAN CAPITALBANK NIFTY had posted previously for 25.08.2022.
Above 39187 and Resistance at 39298/39398/39442.
Today we can witness market weakness which i had mentioned too for 25.08.2022. And the levels are broken it had taken support of each trend line for the next fall.
For 26.08.2022 will post you price action chart.
And i believe the Bank nifty charts which iam posting had been use full for you all..
Bank NIfty Analysis "Triple Top" n "InvertedHNS"Bank Nifty Analysis for 8th Aug 2022
In the above chart of Bank Nifty we can see that triple top has been formed at the top level .The “tops” are peaks that are formed when the price hits a certain level that can’t be broken(Resistance 38150).
Another hand that we can observe inverted head and shoulder pattern as well.
Now, the fun parts have begun, where does the bank nifty will go?
Probability 1 : Bank Nifty may retest the Support Level of 37720 or it may initiate the Right Shoulder Pattern as well and then it may change its structure to Higher High and Higher low as mentioned in the chart
Probability 2 : Bank Nifty may broke the Support Level of 37720 and then price of Bank Nifty may fall to 37250
Mine looking for Probability 2
Comment your ideas in the below comment section
BANK NIFTY - 01.08.2022 - BAHAVAN CAPITALBANK NIFTY Posted for 29.07.2022 it will test 39753. And it had exactly tested 39753 with a Gap up opening and closed at 37491.
29.07.2022 Gap had been filled the same day but the Gap it had created up to 36800 still to be filled.
01.08.2022 Bank Nifty could be in Range bound because up to 36800 Gap still to be filled and on the other side Nifty 50 had broken 17090 level.
Nifty 50 might face retracement as it has broken previous resistance at 17090.
Considering bearish candle for Bank Nifty and Bullish candle for Nifty 50 anticipating a Range Bound.
However lets see how the market progress on Monday.
Happy Weekend and a Profitable Trading to all....
Bank Nifty Analysis 26-07-2022 - Distribution PhaseBank Nifty Analysis for 26-07-2022 Time Frame 30 Min
Accumulation Phase 1: The accumulation process is displayed in the chart in the form of a price range. In addition, the bulls are gradually expanding, but they can still push up prices.
Advancing Phase 2 : The bulls have enough power to push prices above the high end of the range. This indicates that the price is in the second phase and a bullish price pattern is being created on the chart.
Distribution Phase 3: This is the third level of theory. The bear plan is now to regain control of the market. The price is currently flat on the chart, as in the accumulation process. The formation of higher and lower points in the chart indicates that the market is in the Distribution stage. The lower profit margin is caused by price changes, which indicates that the market is currently in a selloff.However trend may change if bulls are more aggressive.
Declining Phase 4 ( Bearish) : Just a View , After the Distribution phase, a price reduction process begins, just like a downward trend, which means that the bears have enough financial strength to pull the market down. When the price breaks through the lower level of the flat range of the horizontal distribution channel on the chart, a markdown will be confirmed.
More so, Bank Nifty is currently in the distribution phase, which indicates that bearish will control the phase and it may be possible to enter into the markdown phase
Levels are mentioned in the above chart
Probability 1 : 37700
Probability 2 : 35800
Four Phase of Market Cycle
Accumulation Phase 1 (At Bottom)
Advancing Phase 2 (Bullish)
Distribution Phase 3 ( At Top)
Declining Phase 4 ( Bearish)
Four Phase of Market Cycle Overall Structure
BANK NIFTY - LONG target of 38700+BANK NIFTY has broken the 8 month old trendline on the upside with gap, which is a strong sign of upside movement.
Broadly Banking stocks look very bullish and the same is visible on Bank Nifty charts.
Looks good for fresh long.
Note: In short term, this looks over bought so may trade sideways for some sessions or minor correction may be seen too.
Bank Nifty : Will Hit 30000?Bank Nifty
Chart Pattern: Descending Channel
On the hourly time frame, Bank Nifty has been trading in the Descending Triangle Pattern.
Descending Triangle Pattern, Generally, this pattern is a bearish pattern. However, a descending triangle pattern can also be bullish.
Level Based on Descending Triangle: If the Price sustained above 32000 then we could see a good move in the coming days
If the price has exceeded the level of Support, we may witness further declines in the coming days.
Bank Nifty Trade Plan for 27 JULY 2022Bank Nifty Trade Plan for 27 JULY 2022
Bank Nifty is bearishly aligned for the day. Bank Nifty is expected to open flat to small gap down opening.
In case if Bank Nifty opens flat to small gap down, any resistance from PDL & CPR we can possibly short the market and sit for targets of S1 as our first target.
In case of S1/Brearish Break out taken out we can expect next target to be Virgin CPR zone which also coincides with our Target 1.
Would prefer to go long only above CPR & at lower targets of Target 1/2.
BANK NIFTY ( GAP DOWN ) - 27.07.2022 - BAHAVAN CAPITALBANK NIFTY formed a Second Bearish Candle today and anticipating the third bearish candle tomorrow.
FII have once again begin to be the Net Seller with 1548.29 Cr and DII Net holding with 999.36 Cr .
If Below 36280 then Target 35730 - more possibility to happen...
If Above 37075 then Target 37750
Anticipating Bank Nifty to open with a Gap Down below 36280 levels and down up to 35730 levels .
Nifty 50 will fill its Gap @16373 and will Bank Nifty down or it might become Range Bound.
Thursday being weekly expiry might see a good fall.
Happy Profitable Trading to All.
Bank nifty Fibonacci Level under Day chartBank Nifty Fibonacci level under Day chart
Bank nifty 36000 Target is viable in coming days.
Safe trader can buy 35800 CE for either 21st july or July month expiry
Good Risk Reward Ratio is evident in this set up .
Note: Price should sustain above 35800 in 15 minutes candle
BANK NIFTY - 25.07.2022 - BAHAVAN CAPITALBANK NIFTY today formed a DOJI candle and on Friday 22.07.2022 irrespective forming an Bullish Candle
with FII turned into a Net Seller with moderate 675.45 cr and DII again Net Buying with 739.38 cr.
Which in turn can find today with FII being Net Seller with 844.78 Cr and DII also Net Seller with modest 72.26 Cr.
After a uptrend momentum formation of a Doji Candle is always a Reversal trend.
If Below 36280 then Target 35730
If Above 37075 then Target 37750
Nifty forming a Bearish Candle shows there is a lot chances for Bank Nifty falling tomorrow.
Happy Profitable Trading to All.
Bank Nifty Trade Setup for 25 JULY 2022Bank Nifty Trade Setup for 25 JULY 2022
Bank Nifty Expected to open with in previous session range with a gap down around CPR.
Expected Bank nifty to trade in a range today. In case of CPR getting compromised we can expect BN to test out S1 Support & if S1 Compromised can anticipate PDL & T2 Targets today.
Any Support confirmed at S1 we can expect BN to again test out CPR.
BANK NIFTY - 22.07.2022 - BAHAVAN CAPITALBANK NIFTY closed in Green @ 1.49% .
Now the concern is
SGX NIFTY falling in Red @ 0.54% . - " Hope its a Restracement "
Again FII turning as Net Seller with moderate 675.45 cr and DII again Net Buying back with 739.38 cr - "Hope its just a Profit Booking Friday"
NASDAQ down in Red with 2.37% @ 11.47 pm Indian Time. - ( Fed Meeting scheduled at July 26th & 27th is going to be crucial )
Bank Nifty looks bullish and Nifty 50 Partially Bullish, Next week we might witness fight or flight action from Bulls & Bears..
Happy weekend to All
Bank Nifty Trade Plan for 22 AUG 2022Bank Nifty Trade Plan for 22 AUG 2022
Bank Nifty is bullishly biased for the day with a solid bullish closing and managed to close above key resistance level of 36200.
Expecting a gap up opening in Bank Nifty around R1 resistance levels.
If R1/Bullish Break Out is taken on opening 15-30 min we can possibly expect T1/T2 Targets today.
In case if R1/Bullish Breakout is not taken out on opening then we can possibly expect Bank Nifty to be retest CPR and then bounce back on upside.
Any compromised of CPR we can possibly expect Bullish Reversal and then S1/Bearish Breakout as possible lower targets.
BANK NIFTY - 21.07.2022 - BAHAVAN CAPITALBANK NIFTY Above 36100 for a Target 38700 and i couldnt post message this on 19.07.2022 itself due to Trading view number of message posting restrictions.
As per the Below Data
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976. 40 Cr DII Net Selling 100.73 Cr
I Anticipated FII Participation to increase and stock to move uptrend as per my post on 19.07.2022 and indeed its good to see FII everyday increased holding.
20.07.2022 FII Net Holding 1780.94 Cr DII Net Selling 230.22 Cr
21.07.2022 FII Net Holding 1799.32 Cr DII Net Selling 312.29 Cr
BANK NIFTY has broken 36100 and tomorrow being an weekly expiry day. I anticipate there should be continuing uptrend as FII participation has beginned.
Happy Profitable Trading to All.