BANKNIFTY1! trade ideas
bank niftybank nifty formed half bat pattren
buy around 43270 tp 43450/43500/43700
sell around 43800 tp 43500 43250
BankNifty Future Fib levels for 19th decBank Nifty Future Fibonacci levels for 19th December
Gap Down
The market is Showing a little bearish in this level 43183.75. if the market opens below 43239 then we can assume that price will go up to 42870.10 and if it sustains between 43059.20 to 42979.30 then we will see an upward move in the day trading.
Flat
If the market opens between 43444.35- 43239.45 then we can assume that price will go up to 43860.30 and can reverse from that level.
Gap Up
If the market opens above 43444.35, we can assume that the price will go up to 43860.30 and then it may reverse from that level.
BANKNIFTY1! will be hit 44354 on 14th Dec'22 @ 10:30 AMIf BN future cross 43759 BANKNIFTY1! will be hit 44354 on 14th Dec'22 @ 10:30 AM, which is around market moving up side 495 point and ratio 1.13%.
i not mentioned Stop loss.
Banknifty Future Intraday & Positional viewBanknifty PCR is 1.22 . If it crosses 1.25, Banknifty can be super bullish. Banknifty index may open at 44000 and then it may reach 44082. you have to watch here for a clear pattern. For better risk:reward and for chart pattern, I'm going to short Banknifty at correct level. Suppose if it crosses above 44082 and sustained then it may touch another all time high.
Banknifty future sell below 44135
Target-44091,44000,43950,43800,43500,43100
Stoploss 44250
BankNiftyNSE:BANKNIFTY Bank nifty is poise to go up likely with strong buying patterns continue in the group of shares it is composed of. Even though the fatigue is showing up in nifty and bank nifty the growth is likely to continue.
Bank Nifty previous target reached and second targets openNSE:BANKNIFTY Bank Nifty previous target reached. Second targets oven. This is one hell of a ride. But be also careful as corrections also round the corner.
BANKNIFTY Banknifty trendline resitence face , market up side option premium decay what happend market ,volatily totally lost ,currection need market ,okh
Banknifty Future Intraday & Positional viewBanknifty PCR is 1.47 which is very attractive for bull. yesterday,I provided a bullish trade. Positional player, you can book your profit as per emotion. I have mentioned yesterday Banknifty will be opened gap up. But today is the chances of profit booking.
For Alert DebugHere is the symbol that has the issue with two actions i.e. 1 Cover and 1 Buy action clubbed together. Whereas the Sell actions (1 Sell and 1 Short) are separated out.
Banknifty Future Intraday & Positional view and one equity share
Banknifty today may open flat positive. If it breaks downside below the magic box then you can take trade. The level is 43756. As market is very choppy, better to sell OTM /ATMoption. you can take buying position above 43987 with the SL below magic box.
For swing trader, Bulls will be upper hand above 43987 for the target of 44080, 44180,44300, 44600.
For swing trader, Bears will get active below 43500 for the target of 43261,43000, 42800
Banknifty was on 10 weeks winning streak and was forming higher high before Monday. A slight pause was seen on Monday. Now you have to check price action before entry. Banknifty may produce top here as now I have positionally bearish view
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HCLTECH buy above 1039.88, Target 1046, 1055, 1084
Stoploss 1013
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BankNifty is Ready For a Big Breakout41825 is a crucial resistance tested 3 times. It is always said that the more touches to a particular resistance, the more changes become for its breakout. Heare everyone's eyes are on all time high which is now seems very close. The good part of story is that the consolidating prices just below the resistance.
It is my favorite setup where small consolidation is placed just below a crucial resistance the more prices stays here the more changes it will be for a big big breakout upside. Key thing in focus
1) FED meeting is over (Market digested the uncertainty)
2) Monetary policy is today 3 nov. (Weekly expiry is also there)
3) The banknifty is in a consolidation phase for 1 year , so the breakout will initiate a fresh buying
Note : Upside targets will be different for different players.
Banknifty Future Intraday & Positional viewIf you observe my previous day's analysis carefully, you will see that Banknifty reversed from the magic box. I always teach my students to trade near the magic box. That is a high probability trade set-up with good risk: reward. Banknifty future reversed from 43590. Just observe how my technical set-up perfectly works in the real market. I have shared the image in the image section.
Now, let's talk about today's trade setup. I have already mentioned in my previous analysis that Banknifty gave Daily, weekly and monthly breakouts. It was mentioned on October 17, 2022. After that, Banknifty rallied 5000 + points. I have again shared an analysis in which I predict that Banknifty can fall 5000-6000 points. I have shared that live tv chart of Banknifty's future in tradingview . Positionally, I'm bearish now. Market can reverse at any time. so, we can take an option trade of March month expiry with proper risk: reward.
In intraday, you can take buy trade above the magic box. One can short Banknifty future below 43563
Banknifty Future Intraday viewYesterday, I shared two charts. one chart for positional & one for Intraday. The link of yesterday's post is given in "Link to related Ideas area of Trading view
If you read that post, then surely you had made a handsome profit. I had made a magic box which is broken by one big bull candle. After that, one big bull candle at 9:45 a.m broke the trendline. That trendline was retested at 10:45 a.m. At that point of time price was 43500. That was your entry point. you all learnt from our class that trade must be taken at a retest of the candle. Banknifty made a high of 43792. 295 points rally in intraday is not a matter of joke. So, read the post carefully and take trades accordingly.
Now let's talk about today's analysis.
Banknifty is facing daily resistance at 43780. If banknifty opens the gap up then wait for gap fill, then take trade. If it open flat and candle close above previous day high, then you can buy future or call of slight ITM with the SL below Previous day high. Risk:reward must be 1:3.
Suppose banknifty open gap up and it is rejected below the previous day high then one should avoid the trade for today. you have to wait for proper breakout till 1:15 p.m. According to my point of view, We have to wait till 1:15 p.m if Banknifty don't cross PDH at the time of opening. Suppose it opens at magic box, then one can take the trade with the SL below magic box.
BANKNIFTY1! will be hit 43750 on 08th Dec'22As per Gann Cycle & Wave analysis - Banknifty Future will be hit 43750 on 08th Dec'22
if BN future cross 43490.00, BN share value will be hit 43750. sl 43320.
i welcome open challenges any one.
Bank NiftyNSE:BANKNIFTY1! Banknifty is now showing the upward moving channel. A breakout after a flat performance for quite some time. The uptrend to continue.
This is backed with the higher movement of sectors and indices.
#BANKNIFTY it's possible to buy#BANKNIFTY waiting for retracement and Price trading in nearby 1hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 1hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
42100
Next Zone area & horizontal swing Low support
1st Resistance
43800
Zone area & horizontal swing high resistance
Banknifty Future Intraday viewBanknifty future may open flat. Below 43250, it may touch 43190 and if it breaks and sustains then it may touch 43050, 42900, 42750. If Banknifty future sustains above 43430 then it may touch 43530 & 43800.
As per open interest, 43300 call, 43200 call & 43000 put added more open interest. If OI is not changed throughout the day, we can expect another range-bound day.
Try to take trade near the magic box.
FII sold 12.5 K contract of Index Future worth 1281 cores, Net Ol has increased by 1.4 K contract 5.5 K Long contract were covered by Fll and 6.9 K Shorts were covered by FII. Net FII Long Short ratio at 1.39 so FIl used fall to exit Long and exit short in Index Futures.
Index Futures 19044 1864.89 34505 3398.31 -1533.42 177757 17478.05
Index Options 7990802 783512.91 7980789 781576.10 1936.81 1955817 191934.13
Stock Futures 100518 7417.48 130798 9233.71 -1816.23 1932627 135862.36
Stock Options 91282 6829.39 92571 6955.69 -126.30 135643 9780.82
Banknifty Future Intraday & Positional view43020 in Banknifty spot chart is the key level for a downside breakout. We are already in 100 points profit. Tomorrow, we were in 200 points profit. but we should wait for proper risk: reward.
Today Banknifty may open flat near 43190 in spot chart. If it holds above 43200 then it may reached 43350,43500. but if it breaks 43020 then we may see the target of 42850.
As today is RBI policy, we should wait for the policy declaration.
#BANKNIFTY it's possible to buy#BANKNIFTY waiting for retracement and Price trading in nearby 1hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 1hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
42100
Next Zone area & horizontal swing Low support
1st Resistance
43800
Zone area & horizontal swing high resistance
