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BANKNIFTY Pre-Market Analysis Nov 17, 2023Bank Nifty going red? On November 16, the Bank Nifty opened flat and has underperformed and closed lower by 40 points to 44,162. The index has reached the daily upper Bollinger band 44,400 and witnessed some selling pressure at the end. Technicals : We have seen a bullish pennant forming in Bank Nifty followed by a Double Top Pattern. The surprising element was the breakout happened prematurely and quick in a few minutes. The weekly chart of Bank Nifty is still bullish and I believe it has the capacity to hit a new ATH or at least 45000, before the wedge breakdown. Crucial Support level: 44,100 – 43,900 Market Cues: RBI released a bunch of News which are good and bad for banking sector which is expected to crate a mixed sentiments. The US markets and Gift Nifty is trading in red which further pushes the possibility of a red Friday. Unlike Nifty, which has a PCR of over 1, Bank Nifty has a PCR of 0.81, indicating that traders are still bullish on the index. Disclaimer: This is just my pre-market analysis. You are only responsible for your trades. Hit like and follow me to get market updates.
NSE:BANKNIFTYLong
by UnknownUnicorn34628734
Bank Nifty Intraday levels 16th Nov 2023Good Morning Everyone After opening on gap up, bank nifty wiped our around 200 points gain from day's high and closed higher by 310 points at 44202, with above average volume. Well index has formed bearish candlestick pattern n daily chart pattern because the closing was lower than the opening levels. Market is on buying on dips. So in case you see any dip try to take in down and sale on high. World market is showing mix cues, Gift nifty is ready to give minor gap up opening. Important levels for Banknifty:- Intraday support zone 44000 Intraday resistance zone 44300 Important support zone 43800 Important resistance zone 45000 Buy above 44261, if levels sustains at least for 30 Mints Targets we can see in upside 44381/44484 Keep stop loss at 44155 Sale below 44155, if levels sustains at least for 30 mints. Targets we can see in downside 44049/43899 Keep stop loss at 44261 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:BANKNIFTY
by TraderRahulPal
Sensex Expiry special Analysis || Hero Zero Trading DayGood Morning Everyone, Guy's we have seen consolidation in entire day, Earlier i was thinking Nifty will break above 19450 levels and sustains, but nifty did not worked accordingly, and Sensex also closed 140 points down. If i talk about today's Global market view, then seems pressure in market, all global market is showing mix to negative cues. Our Gift Nifty is also ready to open on Gap Down. Let's see we will work according to levels. Today is sensex expiry day of sensex. Important Levels for Sensex:- Intraday Support zone 64400 Intraday Resistance zone 65000 Buy above 64994, if levels sustains at least for 30 Mints. Targets we can see in upside 65126/65311 Keep stop loss at 64730 Sale below 64730, if levels sustains at least for 30 Mints. Targets we can see in downside 64552/64334 Keep stop loss at 64994 Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
BSE:SENSEX
by TraderRahulPal
Bank Nifty Intraday Analysis || Expiry Special Hero Zero TradeGood Morning Everyone, Guy's Banknifty has given huge momentum in last trading session, it has given good closing above 43700, and formed a bullish candlestick pattern with a long lower shadow on the daily timeframe. Banknifty is clearly saying you can buy on dips to me. There was a hurdle of 43700, which has got cleared in yesterday session. Now 44000 will be next hurdle for BankNifty. If i talk about today's Global Market, then it is showing mix to positive sentiment, Gift Nifty also indicating gap up opening, I think in case we see any profit booking in index and we get banknifty around 43636-43550, Then we should think to go long as Market itself saying buy me on dips. At least for today we can try.. MACD has also given positive crossover in yesterday session. let' s see how market is going to behave..We will act according to the levels. Important levels for Banknifty:- Intraday support zone 43500-43600 Intraday Resistance zone 43900-44000 Important Support Zone 43300 Important Resistance Zone 44500 Buy above 43892, if levels sustains at least for 30 Mints. Target we can see in upside 44028/44146 Stop loss will be 43700 Sale below 43634, if levels sustains at least for 30 Mints. Targets will be in downside 43497/43385 Keep stop loss at 43700 Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BANKNIFTY
by TraderRahulPal
Bank nifty for 3rd November 2023 Bank nifty have maid bearish flag pattern on 1 hour time flame and gift nifty is positive so we can plan for trade tomorrow if market open gap up so from up trend line we can can plan for short from 43650 to 43700 we can plan for short quick movement but wait for bearish candle and for upside move if market open in range of 42800 to 43100 you can plan for buy above 43100 break out and retest and for bearish trade you can plan for short trade below 42800 break down retest
NSE:BANKNIFTY
by kaifsiddiqui212
Bank nifty for 3rd November Bank nifty have maid bearish flag pattern on 1 hour time flame and gift nifty is positive so we can plan for trade tomorrow if market open gap up so from up trend line we can can plan for short from 43650 to 43700 we can plan for short quick movement but wait for bearish candle and for upside move if market open in range of 42800 to 43100 you can plan for buy above 43100 break out and retest and for bearish trade you can plan for short trade below 42800 break down retest
NSE:NIFTY
by kaifsiddiqui212
Nifty outlook 23rd Oct 2023Closing Range - 19512/19735. Extended range - 19429/19818. Bears likely to drive market down or reasons listed below - 1. Nifty closed uder 50 DMA, which will act as a resisatance now 2. Gravestone doji candle pattern indicates further down move. We should wait for a confirmation candle though in the next session before taking major directional decisions. 3. Lower high lower low formed by Bank Nifty We are likely to see 19430 soon on the downside, while 19780 looks difficult to break on the upside. That said, Gift Nifty has given a green Long Legged Doji signalling a possible trend reversal. P.S. - 0.5%-1% return on capital can be considered good in intraday. Trade with strict SL within the ranges mentioned above.
NSE:NIFTY
by abhishekmittal1
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 010 OCT 202310 Oct 2023 WORLD MARKETS 1. US and Europe is looking neutral to bullish. Asia has closed with a neutral to negative note. INDIA VIX AND GIFT NIFTY 1. India VIX has closed 10 % up above 11.4 Which is increase in the volatility and fear. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed with a 1% cut and looking bearish. 1526 is a strong resistance. There is sp at 1510. Any move above 1535 is bullish. Move below 1510 will be bearish. 2. ICICI bank is bearish on a daily chart. 934 is a strong support. 940 is a strong resistance. 3. Relaince has closed below 2300. We have to see whether it will defend 2300. Next sp is at 2288 which is 200 SMA. Probably it make take sp at 2288. ANALYSIS 1. Wolrd markets are not spooked by the new isreal conflict. But any intensification of conflict may turn market bearish. 2. Crude oil has closed just 3.26 % UP @87 dollar a barrel well below the 100 dollar mark. 3. All three Index heavy weights are looking bearish. However Nifty is supported by IT heavy weight TCS. TRADING PLAN 1.NIFTY OPEN BETWEEN 19543 AND 19483 : Any rally to 19550 is a sell. 2. NIFTY OPEN ABOVE 19540 : Wait for a break out above 19580 level decisively. 3.NIFTY OPEN BELOW 19480 : Sell any rally to 19500 and break below 19480 decisively. 4. BANK NIFTY OPEN BETWEEN 43973 AND 43800 : Sell Any rally to 44010. 5. BANK NIFTY OPEN ABOVE 44973 : Wait for a break out above 44110. However any weakness below 43970 is a sell. 6. BANK NIFTY OPEN BELOW 43800. Sell Any rally to 43950. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FIANANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR IS NOT LIABLE FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYShort
by sam20051968
Bank nifty intraday levels 27/Sep/23Good Morning Traders. We saw a range bound market in Nifty and BankNifty since two days, Bank nifty has formed a inside Bar pattern on the daily chart. As market is oversold, we can expect a pull back towards 45000-45150 levels. Guy's Hourly chart also showing positive crossover, i think bullish moment is expected in banknifty, but global market is showing bearishness let's see how we are gonna to act, GIFT Nifty also indicating a negative opening. Important levels for Banknifty:- Strong Support Zone 44400 Strong Resistance Zone 45000 Buy above 44757, if levels sustains at least for 15 mints. Targets we can see in upside 44879/44990 Keep stop loss at 44605 Sale below 44605, if levels sustains at least for 15 mints. Target we can see in downside 44516/44415 Keep stop loss at 44757 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:BANKNIFTY
by TraderRahulPal
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 04 SEP 202304 Sep 2023 WORLD MARKETS 1. S&P and NASDAQ is looking bullish. While DJI is neutral to bearish. 2. Europe and Asia are mixed with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is at 11.3 indicating reduction in volatility. We may see a pull back of nifty to 19700 levels and Bank nifty to 45200 levels. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidatinng. 1585 is a strong resistance. 1560 is a good support. It can turn bearish only below 1554. It is short term bullish. 2. ICICI Bank is trading in a range between 960 - 980. Break of 975 is bullish for a tgt of 990. 948. - 950 is a good support area. Any break of 948 will be bearish. 3. Reliance is still bearish. 2400 is a strong support.Any break of 2400 will be bearish. Any break of 2425 will be bullish. ANALYSIS 1. World markets are consolidating with bullish bias. Index heavy weights have pulled back and looking bullish. 2. Reduction in VIX may indicate short term bullish. TRADING PLAN 1. NIFTY OPEN BETWEEN 19490-19379: Any dip to 19350 is a buy. Wait for a pullback above 19380. 2. NIFTY OPEN BELOW 19380 :Wait for a breakout above 19385 for long position. Wait for a break down of 19310 for a short. NIFTY OPEN ABOVE 19490: Wait for a pull back to 19430 - 19400 for a buy. 4.BANK NIFTY OPEN BETWEEN 44230 - 44639: Any dip to 44230 is a buy. Any decisive break out of 44500 is a buy. 5. BANK NIFTY OPEN BELOW 44230: Wait for a break down of 44000 for short. However if it consolidate @ 44000 and break above 44200, then it is a buy. 6. BANK NIFTY OPEN ABOVE 44650 : wait for a pull back to 44500 and buy. I AM NOT A SEBI REGISTERED TRADER. THIS INFO IS FOR EDUCATIONL PURPOSE ONLY. PLEASE CONSULT YOUR RGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES
NSE:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR TOMOROW04 Aug 2023 WORLD MARKETS 1. World markets are looking bearish an dtrading in red. INDIA VIX AND GIFTT NIFTY 1. India VIX is above 11 indicating high volatility and fear. 2. GIFT nifty is flat as of 2000 Hrs. INDEX HEAVY WEIGHTS 1. HDFC Bank has resisitance at 1640. Any break of 1640 will take us to 1643. Strong support can be seen at 1620. 2. ICICI Bank is bearish. 971 is a strong resistance. Support can be seen at 958. 3. Reliance has strong resistance at 2488.Break of 2460 is very bearish. ANALYSIS 1. World markets are looking bearish. 2. India VIX is above 11 indicating fear. 3. Index heavy weights are also looking bearish indicating more downside in indices. TRADING PLAN 1.NIFTY OPEN FLAT: Any rally to 19450 is a sell . However if nifty settle between 19350 - 19400, then no trade. 2.NIFTY OPEN GAP UP: Any gap up to 19450 and weakening is a sell for a tgt of 19350 - 19300. 3. NIFTY OPEN GAP DOWN: Any gap down below 19300 is bearish for a tgt of 19245. 4. BANK NIFTY OPEN FLAT: Any rally to 44750 and weakening below 44700 is a sell for a tgt of 44300. 5. BANK NIFTY GAP UP: Any gap up above 44900 is bullish. 6. BANK NIFTY GAP DOWN: Any gap down to 44300 and break below 44050 is a sell for a tgt of 43765. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTYShort
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 04 AUG 202304 Aug 2023 WORLD MARKETS 1. World markets are looking bearish an dtrading in red. INDIA VIX AND GIFTT NIFTY 1. India VIX is above 11 indicating high volatility and fear. 2. GIFT nifty is flat as of 2000 Hrs. INDEX HEAVY WEIGHTS 1. HDFC Bank has resisitance at 1640. Any break of 1640 will take us to 1643. Strong support can be seen at 1620. 2. ICICI Bank is bearish. 971 is a strong resistance. Support can be seen at 958. 3. Reliance has strong resistance at 2488.Break of 2460 is very bearish. ANALYSIS 1. World markets are looking bearish. 2. India VIX is above 11 indicating fear. 3. Index heavy weights are also looking bearish indicating more downside in indices. TRADING PLAN 1.NIFTY OPEN FLAT: Any rally to 19450 is a sell . However if nifty settle between 19350 - 19400, then no trade. 2.NIFTY OPEN GAP UP: Any gap up to 19450 and weakening is a sell for a tgt of 19350 - 19300. 3. NIFTY OPEN GAP DOWN: Any gap down below 19300 is bearish for a tgt of 19245. 4. BANK NIFTY OPEN FLAT: Any rally to 44750 and weakening below 44700 is a sell for a tgt of 44300. 5. BANK NIFTY GAP UP: Any gap up above 44900 is bullish. 6. BANK NIFTY GAP DOWN: Any gap down to 44300 and break below 44050 is a sell for a tgt of 43765. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:HDFCBANKShort
by sam20051968
PRE MARKET ANALYSIS FOR NIFT AND BANK NIFTY FOR 03 AUG 202304 Aug 2023 WORLD MARKETS 1. World markets are looking bearish and trading in red. INDIA VIX AND GIFTT NIFTY 1. India VIX is above 11 indicating high volatility and fear. 2. GIFT nifty is flat as of 2000 Hrs. INDEX HEAVY WEIGHTS 1. HDFC Bank has resisitance at 1640. Any break of 1640 will take us to 1643. Strong support can be seen at 1620. 2. ICICI Bank is bearish. 971 is a strong resistance. Support can be seen at 958. 3. Reliance has strong resistance at 2488.Break of 2460 is very bearish. ANALYSIS 1. World markets are looking bearish. 2. India VIX is above 11 indicating fear. 3. Index heavy weights are also looking bearish indicating more downside in indices. TRADING PLAN 1.NIFTY OPEN FLAT: Any rally to 19450 is a sell . However if nifty settle between 19350 - 19400, then no trade. 2.NIFTY OPEN GAP UP: Any gap up to 19450 and weakening is a sell for a tgt of 19350 - 19300. 3. NIFTY OPEN GAP DOWN: Any gap down below 19300 is bearish for a tgt of 19245. 4. BANK NIFTY OPEN FLAT: Any rally to 44750 and weakening below 44700 is a sell for a tgt of 44300. 5. BANK NIFTY GAP UP: Any gap up above 44900 is bullish. 6. BANK NIFTY GAP DOWN: Any gap down to 44300 and break below 44050 is a sell for a tgt of 43765. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTYShort
by sam20051968
1
my view of nifty on 31/7/23Nifty managed to claw back from the low of 19561 to close at 19646. with global markets in green and also Gift Nifty @ 19790, we could see NIfty opening above 19700. With Most of the contracts rolled over, we could see Nifty playing the range bound manner during 1st half and then some action happening in the 2nd. The likely range of nifty will be 19800-19600 with the bias still downwards till we get a closure above 19823 and Aug futures gores above 19830. my trades outlook: on gap up open, wait for retest at 19700. if the level is broken, could see a gap filling till 19650-630. if the index moves up from gapup opening, could buy above 19730 for levels of 19750/790-800/823/874 support levels are 19650-630/600/560/500 resistance levels are 19700/750/790/823/874 Note: I am not SEBI registered RA. Thise are my personal views and not an invite to trade. PLease use your own due diligence before investing
NSE:NIFTY
by Trade_with_Raghu
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 26 JUL 202326 Jul 2023 WORLD MARKETS 1. World markets are looking subdued with a positive bias. INDIA VIX AND GIFY NIFTY 1. india VIX is below 11 @ 10.2 down 12%. This indicates neutral to bullishness stance for indices. 2. GIFT Nifty is indicating 32 points uptick at 19680 spot. This will be a flat start. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking bullish. Any move to 1690 is a good buying opportunity. 2. ICICI Bank is mildly bullish. It has strong resistance at 998. Any break of 998 is bullish. 3. Reliance is looking neutral with a bearish bias. Any break below 2470 is bearish. Any move above 2500 is bullish. ANALYSIS 1. Indices are still looking bullish. 2. Index heavy weight HDFC Bank and ICICI bank is looking bullish. Reliance is looking neutral to bullish. 3. IT pack is looking neutral to bullish. TRADING PLAN 1. NIFTY OPEN FLAT : Wait for a break out above 19750 or below 19600. 2. NIFTY OPEN GAP UP: Any gap up above 19700, wait for a break out above 19750. Tgt is 19800 and above. 3.NIFTY OPEN GAP DOWN: Any gap down below 19640, wait for the indices to break down below 19600, Tgt is 19500 - 19300. 4.BANK NIFTY OPEN FLAT: Any break out of 46125 is bullish. Any break down of 45540 is bearish. Any rally to 46050 and weakness is a sell for a tgt of 45700. 5. BANK NIFTY GAP UP: Any gap up above 46050, wait for a break out to happen above 46125 and then go long. Tgt 46400. 6. BANK NIFTY BREAK DOWN: Any break below 45600 is bearish for a tgt of 45300. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSE ONLY PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES.
NSE:BANKNIFTYLong
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 20 JUL 202320 Jul 2023 WORLD MARKETS 1. US markets are looking bullish while Europe and Asia is mixed and choppy. INDIA VIX AND GIFT NIFTY 1. India VIX is at 11.6 indicating bullishness. Nifty is indicating a flat start at 19833 spot and Bank Nifty at 45670 levels. INDEX HEAVY WEIGHTS 1. HDFC Bank has made an inside candle. If it open above 1688, it will be bullish. Any move below 1677 is bearish. 2. ICICI Bank will remain muted because result will be on 22 Jul 2023. It will remain rangebound between 970 - 977. Breakout can be expected only post results. 3. Reliance is moving up but is losing momentum due to over bought. IT on the other hand is looking bullish. Analysis 1. Indices has been range bound today and yesterday as can be seen due to small candles being made. 2. With only two index heavy weights yet to come up with results, market may remain rangebound with a positive bias. TRADING PLAN 1. NIFTY OPEN FLAT: Any break of 19870 and sustain of the level will be positive for a tgt of 19903 - 19957. 2. NIFTY OPEN GAP UP: Any break of 19903 is bullish for a tgt of 19957. 3.NIFTY OPEN GAP DOWN: Any move to 19800 is a buying opportunity. 4.BANK NIFTY OPEN FLAT: Any move above 45770 and sustain will be positive for a tgt of 45830 and 45957. 5. BANK NIFTY OPEN GAP UP: Any gap up above 45817 will be bullish for a tgt of 45944 and above. 6. BANK NIFTY OPEN GAP DOWN: Any move to 45500 will be a buying opportunity. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTYLong
by sam20051968
#Banknifty directions and levels for February 18th:Current View: the pullback has bullish momentum. So, even if the market starts negatively (as indicated by Gift Nifty), we can expect a pullback after some decline because RSI and other parameters support it. Here, a correction will occur only if the decline forms in a straight line and consolidates around the previous bottom. Until then, we could maintain a bullish bias in today’s session. Alternate View: The alternate view suggests that if the market opens with a gap up or if the initial market takes a pullback, the rally will likely continue with some rejections.
NSE:BANKNIFTY
by Manickamtraders
HAS GIFT NIFTY SUCCESSFULLY RETESTED AFTER BREAK OUTDiscover the serenity of joy and peace in every moment, enriching your journey with sublime beauty. I delve into the dynamic world of growing stocks, providing valuable analysis and commentary on significant levels that traders need to keep an eye on. From crucial support and resistance zones to potential breakout points, I aim to equip you with the insights you need to navigate the stocks with confidence. Stay tuned for regular updates, technical analysis, and market commentary to help you stay ahead of the curve in your trading journey. Whether you're a seasoned investor or just dipping your toes into the market, our publication strives to provide actionable insights to enhance your trading decisions. I uncover the nuances of all stocks & indices and uncover opportunities in this ever-evolving market landscape. Don't miss out on the latest analysis – hit that follow button and embark on your journey to trading success with me
NSEIX:NIFTY1!Long
by JogeshProTrader