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Bank Nifty (Spot) Positional viewBank Nifty has most probably formed a double top around 39600 which should get confirmed once it breaks and closes below 38400 and if it does so then that could be a major breakdown which may lead to a major sell off as suggested on charts as well, BankNifty is also in process to form a H&S which should get confirmed once it breaks below 37450 post which we may see some real capitulation here which can lead to quick1500-2000 points sell off, All these bearish view will get negated only if Bank Nifty manages to close above 39600 (Levels are as per Bank Nifty spot).
NSE:BANKNIFTYShort
by tricky_kunal
1
Bank Nifty - Intraday Levels for 22 Jun 2022Bank Nifty Trade Plan for Tomorrow... Trend : Bullish Sentiment : Positive Expectation : Bearish Reversal Bank Nifty made a huge up move and a sharp pull back during end of the session today and we can expect Gap up open tomorrow around SELL Reversal level and Previous day high is going to act as resistance. If any reversal confirmation we expect down side move in Bank nifty. Refer the chart for detailed Intraday Support and Resistance levels for Tomorrow. Happy Trading!!
NSE:BANKNIFTYShort
by ViVenTraders
BANK NIFTY could not sustain at high level.Bank nifty has retraced 61.8 percent of its decline. now in over bough condition. Intermediate line of pitchfork offering resistance. and divergence is there between price and oscillator. today it failed to sustain above 38550 stochastic is over bought condition but it does not mean it should decline as it has been in over bought condition for the last more than 5 days but here buying appears to be risky after this rally we should wait for bank nifty to sustain above 38550 or take out this resistance line. it has now resistance around 38370 Under these condition it is susceptible to selling for any slight adverse international or national news. please go through my previous published chart of bank nifty and nifty. don't forget to like my post. follow me to get updates
NSE:BANKNIFTY
by bijoy2526
1
Bank Nifty- Solid gains lost to weak global cuesBank Nifty made some bold strides today till the closing hours succumbing to global cues and frantic selling. VIX shot up to 17.78 with a gain of 6.05%. FII+DII sold for a hefty 1475cr--much of it having a bearing on bank nifty. Only small positive for bank nifty is that it closed at similar level as yesterday. PCR at 0.77 continues to reflect option writer's sentiments of downside expectation. Below 38399, bank nifty is likely to correct further with next support at 37457. If it manages to break above 38475, bank nifty could resume upwards move towards 38743 resistance level, taking support at 38458/38475. Do you think bank nifty can rally a breakout again tomorrow?
NSE:BANKNIFTYShort
by PromodSshrivastava
Bank Nifty: Chart set up - Bank Nifty is trading near lower end of the blue up trend channel - Weekly closing for tomorrow could give some insight - Important levels on the lower side: 35133 / 34920 / 34769 / 34575 - Important levels on the upside: 35615 / 36020 / 36224 / 36800 are important levels for Bank Nifty going forward Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:BANKNIFTY
by indiamarketoutlook
Bank nifty: Take off stageBank nifty is ready to take off after ending the november F&O series down by 5%, first fall in 4 months after giving positive returns in the past three months. But there are ample reasons to be bullish again. REASONS TO BE BULLISH: 1) The rising trendline right from the weekly low is holding the index very strongly, also a promising support is seen in my magical bands setup. 2) Higher high & higher low structure which indicates the trend is up. 3) Support taking on RSI in weekly time frame which indicates that we are still in the bullish trend. 4) 36500-37000 is now a crucial support for bank nifty, if this level is held properly then we might end the year around 40k and see new ATH by january-february 2022. 5) In banking space, PSU banks are now availaible at very attractive valuation. Earlier we saw pvt banks were the ones who were taking the index up but now there will be run up in psu banking stocks too when government disinvests its stake. We may see PSU banks outperforming the pvt sector banks going forward. My favourite picks: SBIN, CANARA BANK, FEDERAL BANK, BOB & PUNJAB NATIONAL BANK. CONCLUSION: I see the year ending somewhere around 40k mark on bank nifty and I expect new ATH by feb 2022.
NSE:BANKNIFTYLong
by Chinmayonniftyy
Bank Nifty Trend for Coming DaysBank Nifty on a daily chart is looking very weak and may test 100 DEMA which is placed at 37335. The very interesting thing about this chart is that, the TendLine support is also placed at 100 DEMA. Bank Nifty closed today at 37976 after ups and downs in the entire day. Market is looking very unsure and volatility is increasing every day. In order to gain the strength, Bank Nifty should regain 38000 otherwise the weakness will continue to grip this benchmark index. Important Levels ---------------------- Upside: 37900-38000 Downside: 37400-37300
NSE:BANKNIFTYShort
by fs_investwise
BANK NIFTY again it is inside bar and nr7 day.Bank nifty delivers when all starts hating it. this down turn of bank nifty exactly takes support at the 200 period moving average in 4 hrs time frame.(the chart I have published in 4 hrs time frame) It appears 2 nd wave retraced 78.6 percent of 1st wave. 1st wave being a leading diogonal. Bank nifty may come out of congestion with in coming days. I had stated in one of my post how to trade inside bar. It is not certain that bank nifty will have huge move next day last time it had formed 2 consecutive nr7 days. Let us see this time 2 nd nr7 day takes place or not. It appears this down turn of bank nifty is 2 nd wave of fifth wave . No need to say we are in the final fifth wave of larger degree.(please go through the attached chart) please go through my weekly chart of bank nifty. don't forget to like my post. follow me to get updates.
NSE:BANKNIFTYLong
by bijoy2526
3
Bank Nifty 12-7-2021Bank Nifty can be a little bearish which may have an impact on Nifty also but same as nifty it will consolidate between the specified regions. There will be no more particular breakouts. So you can have a short strangle or you can sell a call or buy a put near the specified resistance zone. Or you can buy a call and sell a put near the support zone. Overall as I analyzed before that the Bank Nifty is forming an ascending triangle chart pattern. So overall momentum is still bullish and you can also buy a future of Bank Nifty in this dip. . . . . . . . . . . . . . . . . . . . . . . *Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
NSE:BANKNIFTYShort
by vashishthviraaj
Bank Nifty: UpdateBank Nifty has given a breakout from a triangle pattern. However, what happened today in the 2nd half was programmed profit booking at Nifty retested the all time high and Bank Nifty touched its near term high. If we go by positioning of option writers, their has been aggressive PE writing @35,500. At the same time CE unwinding has been seen @35,500 and lower levels. Given market positioning ideally 35,500 should hold. However, today the market breadth was also weak which is not comforting for the bulls
NSE:BANKNIFTY
by TheWizardsZone