BANKNIFTYBank Nifty intraday technical analysis key levels,check this buy above and sell below levels
BANKNIFTY1! trade ideas
BANKNIFTY LEVELS for 23-28 January 2023These are the Levels to Lookout for BANKNIFTY for the upcoming week i.e., from 23rd Jan to 28th January 2023.
These levels are derived from the Volume Profile Analysis and should be monitored on 30 Minutes Timeframe!
Since BANKNIFTY Index is not a Tradable instrument, we need to check on the Future chart.
All the Levels are Marked on the Banknifty Future Chart.
Banknifty Future Intraday analysisBanknifty Intraday Analysis:-
Banknifty futures could gap up sharply near 42750. It may face resistance at 42751, 42829. It has support at 42646, and 42463. All important levels are drawn on the chart. Try to take trade near magic box.
WEEKLY 23-1-2023Banknifty is in uptrend, its Montly and weekly RSI is 64 and almost 60 respectively. Daily RSI taking support @ 40. Its a good buy for swing and positional view. Major support near 41800- 42000 and specific SL below 41635. Banknifty is trading in a long channel and is currently at lower end of the channel. Further for last 3 weeks its is within a range and is not moving in any direction. I can sense a big move ahead.
Finance nifty is similar to Bank nifty and its major support levels are 18550 - 18600 and SL below 18500 levels
Stocks to watch for positional view
MINDACORP (breakout of triangle on weekly chart) Strict SL below 210 and TGT can be 256-268
INDIGO (Breakout abv 2070) SL below 2030 and TGT can be 2271
Godrejconsumer (Breakout of Ascending Triangle on weekly chart) SL below 900 and TGT can be 955-970
Stocks for Swing are
SIEMENS SL Below 3000 tgt 3240-3320
SBIN SL below 575 TGT 610- 628
HAL SL below 2430 TGT 2564 - 2620
Previous Week Positions.
LT -- TGT achieved
mphasis stoploss triggered
ABCAPITAL --- still open TGT 170+ SL below 138
TATACOMM ---- Still Open TGT 1460 SL below 1310
Please seek professional advise before investing. The views expressed are personal opinion of author for his study purpose (records) only and author is not a professional advisor on the subject. Author shall not be personally responsible for loss / discrepancies if any arising out of the above report
BANKNIFTYNifty Bank Nifty intraday technical analysis key levels
Strong Levels Buy Above Sell Bellow
inside this zone price traded means side ways
Long Short Banknifty Prediction for 23 January 2023 MONDAY!Banknifty was gap as I predicted in my previous analysis also the trend went side ways.
For Monday Banknifty will gap up as the major banks went sideways and there was a sign of reversal from negative market.
Banknifty was dragged by Nifty negative movement (Adani FPO News).
Market will be volatile as there will be no one side movement. Please book your profit before trend changes.
There is a chance for little correction in the next week. So hopefully this expiry market will stay on a positive Long.
Long and Short Intraday BNMarket is more likely open in gap up position then sideways. 11am moment will decide it's short and long journey. It will be more like on the long run.
we can see movement after 12pm. Market will be more on volatile movement rather than one side movement.
BANKNIFTYBANKNIFTY Strong Levels Buy Above Sell Bellow inside this zone price traded means side ways
weekly 16-01-2023Bank nifty is moving in a long channel and is taking support at lower end of the channel. Bank nifty Monthly and weekly RSI is above 60 which is bullish and daily at 46 and is a clear case of GFS major support near 42000-41700
NIfty IT forming reverse Head and shoulder on daily chart and weekly taking support at 20DMA i.e. 28630 very good Risk Reward for long term prospective
Nifty metal - breakout abv resistance on weekly further weekly / monthly RSI is above 60 strong momentum
stocks to watch
LARSEN TURBO : GFS buy near 2100 SL 2080 Tgt 2240 +
PFC : GFS buy near 143 sl below 140 tgt 160
MPHASIS : forming bottom good buy near 2000 sl below 1970 tgt 2170 - 2433
INDIGO : GFS : breakout on daily buy near 2080 sl 2030 tgt all time high good momentum
Tata comm : GFS buy near 1360-1370 stop loss below 1310 tgt 1460 and 1500 (positional)
ABCAPITAL : forming flag pattern on weekly chart + consolidating after break out of cup pattern on weekly : buy near 142 Stop loss below 138 tgt 170 +
Please seek professional advise before investing. The views expressed are personal opinion of author for his study purpose (records) only and author is not a professional advisor on the subject. Author shall not be personally responsible for loss / discrepancies if any arising out of the above report
Banknifty prediction for the tomorrow-expiry jackpotEXPIRY DHMAKA. NOW TRADE LIKE EXPERTS
Tomorrow is expiry.. Watch the Banknifty forecast for tomorrow if you want to make a significant profit.
If Banknifty open flat positive above 42610, then you may buy BNF or ATM put sell or ITM call buy along with OTM call sell. Target 42700,42775-790. If it breaks and sustained above that then you can re-enter for the target of 43000.
If the banknifty future drops below 42425, the next two targets are 42234 and 42100.
Bank Nifty With the liquidation of 1.1 lakh contracts, Jan Future Open Interest Volume stands at 20.2 lakh, and a spike in Cost of Carry suggests that long positions were closed today.
Closed below Bank Nifty Rollover Cost @42890 and Rollover% @80.4
For the trend to change, Bank Nifty Bulls must hold 41861 and close above the 42588-42600 area.
Banknifty Future Intraday viewAll support and resistance level is drawn in the chart. Banknifty is negative in daily chart. so, swing is expected.
BANKNIFTY SUPPLY AT 42500 for Tuesday 17 January 2023BANKNIFTY SUPPLY AT 42500
will decide trade direction
wait and watch out
Banknifty Future Intraday & Positional viewBanknifty has good support at 42250. If take support here then don't sell
BNF sell BELOW 42190
Target 42150,42095
If it breaks 41886, then next target is 41656. If 41656 is broken, then it will open the road of 39000, 38000. At the peak of the market 44374, I warned you that the market would decline.
You might now be aware that the Bank Nifty index finished just above the 38.2% mark. Therefore, Bank Nifty may open flat today near 42200 and attempt to maintain above 42242—a 50% false mark. If Bank Nifty falls below 42140, the trend will turn negative. Bank Nifty should hold above 42250 to remain in positive territory. Bank nifty may decline in the direction of 42020 and 41876. As this type of market expect swing trading and wait for the ideal pattern to enter.
BNK Swing Buy above 42284 for Intra swing
Swing from days loc acn give very give returns
Follow the directions on Screen
R:R 3:1
Swing BNF trade 2Buy above 42368 for 2.5 :1 swing RR
BNF is at support levels if bounces can give good trade with a 2.5 R:R
BNF Swing Buy Buy BNF above 42350 for 2.5 :1 RR
CMP 42317
Trade will be active only above 42350, currently at a good FIB-Retracement support
BANKNIFTY Trend for 16 January 2023 - Short Buidlup BANKNIFTY Trend for 16 January 2023 - Short Buidlup
Rejection from 42800 Levels Leading Sell off
CMp 42550
Targets 42400 Levels
SL 65 Points
#intraday Banknifty
#Nifty
Banknifty Future Intraday analysisThe important Gann/Astro date for the upcoming week is January 18. It would be wise to observe this favourable trend.
Today's Bank Nifty index may open flat positive around 42530 and attempt to consolidate in that area in order to rise toward 42800. Watch for a Breakout pattern to form if Bank Nifty maintains its position above 42400; it may then continue upward into 42530 and then 42670. However, if Bank Nifty is unable to maintain its position above 42300, it may fall as low as 42210. Therefore, watch for the correct technical pattern to enter.
BNF sell below 42460 (VALID FOR FIRST 1 HOUR)
Tgt 42410, 42380
