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Nifty & Bank Nifty Prediction for Tomorrow, 12 Jan 2022The Nifty futures price opened at 18026.65, making a negative opening of 21.55 points. It has touched an intraday high at 18121 and a day’s low at 17994.75.
The Bank Nifty futures opened at 38477.85, It made a positive opening of 9.5 points today. It has touched an intraday high at 38634.95 and a day’s low at 38180.
Primary Nifty Trend in futures: Positive
Range-Bound Trend of Nifty Futures: All up Moves Initiates Profit Booking (Sale) @ 18150 whereas All Down Moves Initiates Short Covering (Buy) @ 18040
If the Nifty futures share price Moves Above 18115 and sustain. Then you should Buy with 1st Target of 18146 during the day with a Stop Loss of 18094 FOR the Target of 18146- 18176- 18209.
Primary Trend of Bank Nifty Futures: Positive
Range-Bound Trend of Bank Nifty Future: All up Moves Initiates Profit Booking (Sale) @ 38900 whereas All Down Moves Initiates Short Covering (Buy) @ 38200.
Suppose the Bank Nifty futures Moves Above 38725 and sustain, then you should Buy with the 1st Target of 38835 during the day with a Stop Loss of 38640 the Target of 38835 – 38976 – 39150.
BULL CALL SPREAD BANK NIFTY FOR 05 JUNE EXPIRYBANK NIFTY Bull Call Spread for Election Result Expiry
BUY 4 Lots BANK NIFTY 05 JUN 49000 CE
BUY 1 Lot BANK NIFTY 05 JUN 50000 CE
SELL 4 Lots BANK NIFTY 05 JUN 49500 CE
Margin Required : 84,409
Max Profit : Unlimited
Max Loss : 24,675 (29%)
Break Even at Expiry : 49,411
Target 1 : 50543 (3%) Projected Profit 13,400 (15%)
Target 2 : 50943 (4%) Projected Profit 20,733 (25%)
Target 3 : 51,433 (5%) Projected Profit 28,070 (33%)
Stop Loss : None/ As per your risk
Long Term-Bank Nifty is prepped nicely, for a push towards 20k.----Long Term---
After failing to push beyond 22k in April, Bank Nifty is poised to make a run at it again. The bulls will start accumulating positions at previous lows of 16,800s over the next week. We can see the prices moving north in the first week of June, with the whole of June witnessing a decent bull run.
-Farty
Bank Nifty needs to work hard!!Bank Nifty ('BN') is at a immediate resistance, which also a key level for overall movement of the market. As you know from our Nifty analysis that good triggers (such as good GDP data, economy and better revenue collection) will help the market to close in green, but the key is to sustain above the key levels.
If BN crosses 38k levels and sustain, then there is a good chance to reach at 41k subject to good earnings and positive foreign markets and no new COVID variant.
Bank Nifty 10 Years Historical Data for Doji December BANK Nifty Past 10 Years Historical Data Back test
*Bank Nifty have made 5 Red and 5 Green Candles.
* Showing no Correlation with pervious month
* Mostly Every DECEMBER month Have formation of doji candlestick.
* possibly if November close above then new high will be seen in December.
/ else will be in range between 27700 to 29700
BANK NIFTY ANALYSIS & MARKET TODAYbank nifty perfeclty respecting 35140 support level..
if it fall from current level maybe can see another fall in nifty upto 14600-14260-300 level..this is just my view.
MARKET TODAY
Global market indicating a postive opening .SGX Nifty up 90 points
Nifty50 will remove energy major Gail from the stocks.In Gail's place, Tata Consumer Products will be included in the index from March 31, 2021.
FIIs sell Rs 1,569 crore worth stocks
DIIs were net buyers Rs 216.67 crore.
Nifty support at 14,600
India’s GDP may turn positive at 1.3% in Dec’21 quarter
BANK NIFTY: WEEK-TECH-SHEET->18th March 2019 to 22nd March 2019BANK NIFTY: WEEK-TECH-SHEET->18th March 2019 to 22nd March 2019
Bank nifty moves around +646.45 pips from 18th March 2019 to 22nd March 2019, in which bank nifty break last week 11th March 2019 to 15th March 2019 top 29520.70.
As mentioned on reference 15th March 2019 evening order
If it continuous to break 29520.70.
Buy @t Entry: 29820
Stop Loss: 29020
Target 1: 30020
Target 2: 30087
Target 3: 30220
Target 4: 30620
BANK NIFTY: WEEK-TECH-SHEET-> 4th March 2019 to 8th March 2019BANK NIFTY: WEEK-TECH-SHEET-> 4th March 2019 to 8th March 2019
Bank nifty moves around +857.40 pips from 4th March 2019 to 8th March 2019, in which bank nifty break last week 25th February 2019 to 1st March 2019 top 27197.10.
As mentioned on reference 09th February 2019 evening order
Bank Nifty attained target 1 & 2, yet to attain target 3 & 4
Target 3: 27900
Target 4: 28200
BANK NIFTY: WEEK-TECH-SHEET-> 18th February 2019 to 22nd FebruarBANK NIFTY: WEEK-TECH-SHEET-> 18th February 2019 to 22nd February 2019
Bank nifty moves around +483.20 pips from 18th February 2019 to 22nd February 2019, in which bank nifty break last week 11th February 2019 to 15th February 2019 low 26635.25.
As mentioned on reference 09th February 2019 evening order
If it continuous to break 27589.75
Buy @t Entry: 27600
Stop Loss: 27000
Target 1: 27750
Target 2: 27800
Target 3: 27900
Target 4: 28200
BANK NIFTY: WEEK-TECH-SHEET-> 04th February 2019 to 08th FebruarBANK NIFTY: WEEK-TECH-SHEET-> 04th February 2019 to 08th February 2019
Bank nifty moves around + 764.20 pips from 04th February 2019 to 08th February 2019, in which bank nifty break last week 28th January 2019 to 01st February 2019 top 27533.05.
If it continuous to break 27589.75
Buy @t Entry: 27600
Stop Loss: 27000
Target 1: 27750
Target 2: 27800
Target 3: 27900
Target 4: 28200
BANK NIFTY: WEEK-TECH-SHEET-> 28th January 2019 to 01st FebruaryBANK NIFTY: WEEK-TECH-SHEET-> 28th January 2019 to 01st February 2019
Bank nifty moves around + 1091.50 pips from 28th January 2019 to 01st February 2019, in which bank nifty break last week 21ST January 2019 to 25th January 2019 low 27045.20 but did not break top 27622.20.
As mentioned on reference 4th January 2019 evening order
Bank nifty attained target 3, yet to attain target 4
Target 4: 28000
BANK NIFTY: WEEK-TECH-SHEET-> 21ST January 2019 to 25th January BANK NIFTY: WEEK-TECH-SHEET-> 21ST January 2019 to 25th January 2019
Bank nifty moves around – 577 pips from 21ST January 2019 to 25th January 2019, in which bank nifty break last week 14th January 2019 to 18th January 2019 top 27611.55 and bottom 27182.20.
As mentioned on reference 4th January 2019 evening order
Bank nifty attained target 3, yet to attain target 4
Target 4: 28000
Bank Nifty: Ichimoku AnalysisBank Nifty is lagging Nifty in terms of ichimoku structure on daily scale. Here in Bank Nifty we can see that the prices are not within the cloud; making it more room to scale it up with that of Nifty. Once Nifty hits 8400 mark (that is upper boundary of the cloud); we could see correction or sideways action and I feel it is during this phase Bank Nifty will match up Nifty or as usual could also outperform Nifty. i.e. Bank Nifty could potentially close above the cloud well before Nifty does.
Bank Nifty Rounding Bottom or Cup & Handle Pattern?? let's see…Bank Nifty making Rounding Bottom Pattern on Daily time frame or will make cup & handle pattern let's wait & watch… breakout level for Bank nifty will be 46444. Some important news will be there from government side & world market are also at some crucials levels watch carefully. Trade with stoploss & proper risk management. Happy trading