Tomorrow banknifty levels We can expect some movement it tomorrow market of it open in flat.
Buy banknifty above 42120
Target 42235 42344 42500
Sl 4921
Sell Banknifty below 41921
Target 41844 41707 41627
Sl 42130
Bankniftylevels
Banknifty for 14 Nov-18 Nov 2022 multi timeframe analysisBanknifty is trading at all-time highs.
Friday's close was at 42137.
Monthly chart
October Candle: Big Bull Candle, suggesting bulls are in the driving seat.
RSI: Above 60 - Bull Range with high momentum.
November Price Action till now: The month started with a gap up opening at 41552 vs the previous month's close @ 41307( 245 points), right now near month high.
Monthly support @ 39000-39100, above this level, banknifty most probably moves higher, and a dip would be an opportunity to accumulate or create fresh positions.
Monthly Verdict : Positive
Weekly Chart
Candle: Indecisive candle at high, suggesting increased volatility, though the candle is HH HL structure, any dip would be an opportunity to buy.
Weekly Support @ 40320 -40550
RSI @67 - Bull range
Weekly Verdict: Positive
Daily Chart
Price Action: Friday was a gap-up opening at 42137 vs the previous day's close at 41603( approx 534 higher).
Candle: Doji at highs - suggesting high volatility and wild swings moving forward.
Immediare Support : 41380- 41400
Immediate Resistance: 42350 - 42420
RSI : 67 - Bull Range
Verdict: Positive - Buy on dip and trade with Strict SL
Hourly Chart
Immediate Intraday support at 42117 ( May or not get hold)
Further Intraday support @ 41700
CMP: 42137
Wait for a dip or trade with the Monday's first 15 min or hourly candle low's Stop loss.
Monday banknifty levels Sell Banknifty below 42116
Target 41916 41825 41701
Sl 42247
Buy banknifty above 42230
Target 42348 42430 42550
Sl 42110
Range Breakout in Bank NiftyDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Bank Nifty Levels & Strategy for 11/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
BANK NIFTY
Today, once again we have seen both types of trades in Bank Nifty. Bank Nifty open in red, touched the major support level and finally offered decent recovery from lower levels. Pressure at higher level near lifetime is quite evident. Traders should continue to book profit at higher levels and hedge their overnight positions to protect their capital. Please find below Bank Nifty scorecard for more details about short & long positions in options.
BANK NIFTY SCORECARD DATED 10/NOV/2022
BANK NIFTY IS DOWN BY -179 POINTS
Name Price Previous Day Change % Change
Bank Nifty 41604 41783 -179.45 -0.43%
India VIX 15.57 15.92 -0.35 -2.18%
OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA
Max OI (Calls) 41500 (Open Interest: 1097450, CE LTP: 473)
Max OI (Puts) 41500 (Open Interest: 1068775, PE LTP: 292.9)
PCR 0.84 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup
11/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
As per data today Banknifty will open with a big gap up now we have two option for trade
* If banknifty after a big gap up sustain above 7/11/2022 high and sustain above then open target for 42200 - 424000
* Either banknifty not sustain above the the 41950 then may be moving between 41950 to 41600
10/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
As per data banknifty today will open with gap down if banknifty break 41500 level then focus for short side either banknifty today also play in a rage
Tomorrow banknifty level We can expect some gap down opening in banknifty. Soo we have the same plan watch the opening candle in 5m tym if nxt candle can give breakout in any side up or down go with it .
Buy banknifty above 41522
Target 41625 41733 41850
Sl 41410
Sell Banknifty below 41695
Target 41620 41520 41410 41298
Sl 41730
Index looking weak, Sell below 41650Index consolidating just above previous resistance and showing weakness. if Tomorrow we are closing below 41650 then we may see profit booking in index.
09/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
Now banknifty making higher high formation so market in positive now
*If banknifty sustain last day high above 41780 then focus for long 42000 - 42200
* Either break the trend line and break the higher high formation and sustain below 41400 then focus for short .
* Major level 41400 level
Tomorrow banknifty levels If tommorow Banknifty can open with gapup our strategy was if bnfty can breakdown opening candle I nxt candle we can sell it .
Sell Banknifty below 41851
Target 41725 41620 41558
Buy banknifty at 41725
Target 41851 (strong resistance) 42000 42100
Sl 41600
07/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
From 24th Oct Banknifty moving in a range 40800 to 41700 major level 41500 and 41100 max time moving in this range .
* If banknifty break last days high 41500 and sustain above the price then focus on long side.
* Either break last day low 41000 and sustain below the low then focus for short
* if banknifty moving in a range then avoid today
Tomorrow banknifty levels According to us tommorow was very imp for us bcz we can expect some big movement in tommorow market see our chart Banknifty was in the rang of right angle triangle. If breakout was happend a good movement was come in bullish side .
Buy banknifty above 41350
Target 41430 41520 41674
Sl 41200
Sell Banknifty below 41250
Target 41180 41060 40940
04/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
Banknifty now standing in a middle of the filed .strong support 41200 and strong resistance 41400
*If banknifty break support level then open for 41100 to 408000 level
* Either break the resistance open for 41500 to 41700 level
* if banknifty play between 41200 - 41400 then avoid trade
Tomorrow banknifty levels!!Tomorrow was a very good day to trade if movement was on in market. Banknifty was on in right angle triangle and also in the way of making bullish h&D breakout if it break the triangle with the support of h&D breakout thn we see more bullish in it .
Soo buy banknifty at 41400
Target 41517 41670 41848
Sl 41240
Sell Banknifty below 41245
Target 41165 41040 40943 40830
Sl 41400
Can get a wild move above 41450We saw a good bounce from the bottom today and looking like index is preparing for a up side move but in any adverse situation we can sell index below 41200.
Index is still above a crucial demand zone 40500 is a still a level where we can see good bounce. below 40500 we can see good selling and index may go for a pattern of CUP & Handle pattern.
03/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
As per data Banknifty today will open with a gap up now we have again two option for trade.
*Now banknifty making lower high formation if banknifty taking resistance below 41200 then open target 41800 - 41600
*If Banknifty after a gap down opening break the lower higher formation and sustain above 41200 then need to to break last day high for a up trend. if banknifty not break last day high then may be banknifty today playing in a range
*Major level 41200 level
02/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
As per data banknifty today will open with gap down now we have two option for trade.
*If banknifty open gap down and sustain below 41200 then open target 40800.
*If banknifty after a gap down not sustain below 41200 the banknifty may be choppy (open level 41200 - 41500)
* Major level 41200 level
Tomorow Banknifty levels!!Sell Banknifty below or once it touch 41398
Target 41214 41110 41025 40840
Sl 41390
Buy banknifty above 41395
Target 41525 41675 41851
Sl 41400
01/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
Today also Banknifty will open with a gap up so may be today after a gap up banknifty showing reversal trend. Then we have two option .
*After a gap up if banknifty break last three day high (41560) level and sustain above then focus on long side.
* After gap up respect last resistance level (41560) and marking resistance then focus for reversal trend if break 41200 low then open target level 40800
Banknifty tomorrow viewWe can expect some bullishness in tommorow market now our morning strategy was as same as today if Banknifty open on gap up get the trade after breakout/breakdown of the opening candle
Buy banknifty above 41350
Target 41400 41450 41520(major resistance)
Sl 41225
Sell Banknifty below 41220
Target 41100 41020 41975 41857(major support)
Sl 41350
