Bank Nifty Futures levels 05.09.23Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings.
BANKNIFTY1! trade ideas
Bank nifty for Monday BN in big range just wait for clear move . If you are trading without range breakout maintain proper ""SL""
BankNifty future chart analysis for 04.09.2023As you can see that banknifty future is in burst situation and price taking resistance
near standard deviation two (2), if price again rejects from this level then you can see
a little profit booking, not much after that you can see a sideways.
But if price croosses over 44777 then burst will continue in a strong manner and price may
easily reach to the level of 45213. (Accept Gap up)
If price goes below 44481 then it will certainly reach to the level of 44286, 44286 is a strong support
you see a good upmove till 44573 from here , crossing below 44286 will make price weaker
and it may travel much lower side.
Nifty Bank 4 hr ChartNifty Bank 4 hrs future chart is at most critical levels retested anti butterfly. breaking this levels there could be futher 500 points fall
Bank Nifty Future 30 Min chart Elliott WaveBanknifty future moving in down ward channel shown with yellow color in above chart
high volume zone is 44000-43800 . Here partial booking of shorts and trailing with tight stop loss are advisable.
Be careful in fresh shorting near high volume support zone.
Bank Nifty future chart analysis for 30.08.2023If price goes above 44636, then it may easily reach to the level of 44779, if price takes resistance at
44779 then price may go sideways , crossing above 44779, price may be much stronger and may reach
44931 and above .
If price goes below 44387 then you can see a burst and extreme weeaknes in price and
price may go down to the l;evel 44101, special level is -44445 , if price opens near previous closing
and goes below 44445, then you can go short.
Bank Nifty future chart analysis for 29.08.2023If price goes above above 44639, then price will easily reach to the level of 44825,
44825 is a strong resistance if price takes resistance here you may see a down move till 44500,
crossing above 44825 it may go to the level of 44999.
If price goes below 44381, then it may reach to the level of 44222. 44222 is strong support
price may bounce back to the level of 44500.if price goes below 44222 , then it may easily
reach to the level of 44088.
Broad area squeeze , if bollinger bursts in this situation you may get a move but not a good move.
if price rejects from 44639, you may see a sideways , if price takes support above 44381, you
may again witness a sideways,
BN- Daily-TF_ H&S PatternNeckline- 43300
Breakdown is possible once closed below these levels.
Charts are meant only for educational purposes. Happy Learning!
Bank Nifty future chart analysis for 28.08.2023As you can see here that price closed just below the standard deviation one
which is 2nd strong support after median line, if price goes above from here and
takes resistance from median line you may see a sideways.
if price goes below from here and takes support at 44012 you may again see a sideways.
if price goes above 44314 , then you may see a steady upside move and price may continue
upside ,don;t try to book only trail.
If price goes below 44012 then you may see a strong downside current and price may go much
lower side.
Bank Nifty Futures 28th August 2023Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings.
Note how beautifully the levels work
Banknifty future chart analysis for 25.08.2023If price again goes above median line and crosses over 44708, then it will again
start new moves upside, but if it takes resistance from median line then it can go downside
or in sideways.
above 44708 you may see a burst again in bollinger bands.
Banknifty future chart analysis for 24.08.2023As you can see the double squeeze , whenever this happens, whether
price travels further for two or three more days or retraces back again in second day.
Head & shoulder almost overThe chart suggests that the H&S pattern is almost over & is looking for a pump back.
Monday - Morning presession will provide more clarity.
Let me know if I should go live & trade along.
Banknifty Prediction and levels for 23rd AugustPrimary Trend in Bank Nifty Futures- Negative
Range-Bound Trend of Bank Nifty Future: All up Moves can Initiate Profit Booking @ 44250 whereas All Down Moves can Initiate Short Covering @ 43900
Suppose the Aug series Bank Nifty futures Moves Above 44155 and sustain, then you could see a 1st Target of 44220 during the day with a Stop Loss of 44090. During the day Bank Nifty futures could trade for the target of 44220- 44340- 44415
If the Bank Nifty futures (Aug Series) Moves Below 43980 and sustain, then you could see a 1st Target of 43900 levels in a day with a Stop Loss of 44050. During the day Bank Nifty futures could trade for the target of 43900- 43825- 43760
BANKNIFTYHi, in this chart i Got a Good Bottom in BANKNIFTY FUTURES, please Observe this levels and Analysis your own... Don't Take any orders Based on this Chart because this is just Observation purpose only.
I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
Bank Nifty Futures 21st August 2023Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings.
Note how beautifully the levels work
Banknifty predictionToday, looking at the 1-day technical chart of Bank Nifty, it seems like the market is indicating that Bank Nifty is in an oversold condition and is currently consolidating, which could lead to a short-covering rally. Before the market opens, we can estimate that the support level for Bank Nifty is around 43,584. So, if banknifty index takes support here, it may reach 43,950 and 44,080. This suggests that Bank Nifty might start the day near 43,950 and will likely try to stay around that level. It will be important to observe if Bank Nifty manages to stay above 43,950, as this could lead to a breakout pattern, potentially pushing it towards 44,066 and then 44,172. However, we need to be cautious if Bank Nifty falls below 43,750, as this could trigger a breakdown pattern, potentially causing it to decline towards 43,500. It's fascinating how we can anticipate trends ahead of time and how patterns play out in the market.
Banknifty Fut range:-44375 to 43964
Banknifty future chart analysis for 21.08.2023Do not go long before price crosses over upside standard deviation one, crossing over above 44075, you may
again see a beaten down buying situation which may push price further ahead, follow levels.
As you can see Banknifty future was closing near Median line from last five trading
days , this is the first time it closes below downside standard deviation one (Blue) , after
rejecting from upside standard deviation one (Blue) , which is pretty good for nice may
be downside move , and you can also see a squeeze in bollinger bands. which
may burst tomorrow.
If price opens at the same level where it left off and then crosses below the special level (Red Line)
then you can enter in PE trade , but keep in mind that 43792 will be a strong support in this situation
crossing below 43792, price may go below to the level of 43491.
Bank Nifty Futures 18th August 2023Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings.
Note how beautifully the levels work
Banknifty future chart analysis for 18.08.2023As you can see here that price continously closing near Median line , thatswhy you
are not getting proper move in banknifty , this is the fifth time it closed
near Median line, but with a squeeze in bollinger band , you may see a nice move
today price do not face resistance at 44149 or support at 43919, if it retraces back
from 44149 , or bounce back from 43919 , then you may see sideways again.
If price goes below 43919, then you can see a good downmove and price may reach to
the level of 43646, in between 43839 is a strong support if price takes support here
sqaure off your position with small profit, take trade again when it breakdown 43839.
In upside if price breaks up above 44149, go long , 44262 strong resistance crossing above it may
push price towards 44389.
Banknifty levels for 18th August-PRIMARY TREND IS NEGATIVEThe Bank Nifty futures opened at 43994.60 It also made a negative opening of 79.8 points. The Bank Nifty futures touched an intraday high at 44224.80 and a day’s low at 43925. During the day, the Bank Nifty futures have given a movement of 299.8 points. In the end, it ended lower by 32.30 points or 0.07 percent and closed at 44042.10 levels.
Range-Bound Trend of Bank Nifty Future: All up Moves can Initiate Profit Booking @ 44200 whereas All Down Moves can Initiate Short Covering @ 43800
FOR TOMORROW----
Indian equity market indexes closed lower amid volatility on Thursday. The market sentiments were dented due to weak global cues. The fear of another potential rate hike in the US to tame inflation and weak economic data from China hit the global market sentiments. The market volatility was due to the expiry of the weekly index options on the NSE.
Among the sectors, Consumer Durables and PSU Banks ended higher while Energy, FMCG, and IT sectors dragged the benchmarks. The market breadth was positive today. The broader markets outperformed the frontline index, as Mid and Smallcap indexes closed higher by 0.25 percent and 0.14 percent respectively.
GOOD LUCK FOR TRADING
BANK NIFTY FUTURES 17th August 2023Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings.
Note how beautifully the levels work
Sharp Recovery and New High Signal Bullish Momentum 16 and17 Aug
In the dynamic world of trading, the Bank Nifty (BN) showcased an intriguing scenario today, leaving traders on the edge of their seats. After a sharp initial fall, the index staged an impressive recovery, ultimately reaching new heights by the day's end. Let's delve into the details of this captivating journey and explore the potential trading opportunities it presented.
The Opening Gambit:
The day began with a dramatic twist as the Bank Nifty witnessed a gap-down opening at 43975, raising concerns among traders. However, as the trading session unfolded, the index proved its resilience by not only recovering from this initial blow but also closing higher at 44038. Such a turnaround certainly caught the attention of those who closely monitor market movements.
Seizing Opportunities:
Amid the market's oscillations, two distinct entry points emerged, each offering traders a chance to capitalize on the volatility. The market's upward surge was notably punctuated by a subsequent pullback to around 43897, providing astute traders with a second bullish entry opportunity. These moments highlight the significance of being agile and opportunistic in the trading arena.
Navigating Price Action and Volume:
A key phase of the day's trading action was the rally to 44123. This surge, however, was met with a minor retracement, accompanied by substantial trading volume. This is often a telling sign of accumulation, as traders and investors position themselves for potential further gains. The closing proximity to a support level adds weight to the potential for bullish sentiment.
Charting the Path Forward:
Anticipating the next trading session, a prudent strategy comes to the forefront. In the event of a lower opening, exercising caution and waiting for a bullish momentum to take shape is a logical approach. This approach ensures that decisions are aligned with the prevailing market dynamics, guarding against impulsive moves.
Navigating Both Sides:
The day's events also beckon the possibility of scalping opportunities on both ends of the spectrum. By keeping a close eye on market shifts and swiftly adapting to changes, traders can potentially capitalize on quick gains, irrespective of the market's direction.
Unveiling the Anchored Value Profile:
Enter the Anchored Value Profile—a tool that sheds light on market momentum. An intriguing insight emerges from this analysis: a robust momentum surge could be in the offing following a pullback between 44100 and 44060. This nugget of information could guide traders in aligning their strategies with potential momentum shifts.
Targets on the Radar:
In the realm of targets, a clear roadmap materializes:
- Target One: 44179
- Target Two: 44222
- Target Three (If Momentum Persists): 44340
As traders prepare for the next session, it's crucial to acknowledge the inherent risks associated with trading. Market dynamics can swiftly alter, propelled by unforeseen events and economic trends. Crafting a well-defined trading plan, fortified by effective risk management strategies, is paramount before embarking on any trades.
In conclusion, the Bank Nifty's roller-coaster ride today encapsulated the essence of trading: unpredictability coupled with opportunities. By deciphering the market's cues, recognizing momentum shifts, and adhering to prudent trading practices, traders can navigate these waters with heightened confidence. Remember, knowledge and preparation are your compass in the trading world.
