Bank Nifty Strategy for 6th Oct 2022Bank Nifty Strategy for 6th Oct 2022
39115 above going long for 39337 39763 40308;
39040 below going short for 38700 38444 38092
Bankniftyoptions
Banknifty daily analysis for 06/10/22The markets are following the global trend and gap up/downs are not give much opportunity for swing and intraday trades.
Banknifty, after the gap up of 600 points, it gained only 300 points in forst hourly candle and consolidated whole day in a range.
The market is still unable to cross the level of 39130. Banknifty has consolidated in a narrow range of 150-170 points after the initial push.
There is a bullish moving average cross over on the 15 minutr time frame.
Support :- 38960, 38780, 38510
Resistance :- 39130, 39510, 40000(round number)
Wait the price action near the levels before trading the market.
Banknifty daily analysis for 04/10/22Banknifty on the daily time frame has formed an inside candle and is trading between 20 and 200 DMA.
The market opened lower and from the first hour came for selling.
Banknifty tried to hold the levels and in the second half the market faced a huge sell off and closed 600 points lower.
The market, on the hourly time frame, took a resistance from its 20 ema.
Even on the 15 minute time frame, the index has faced resistance from the 20 ema.
Support :- 38000, 37280, 37680
Resistance :- 38158, 38280, 38530
The market has remained in a consolidation and has formed an inside candle. Take a trade only if the market crossed today's high or low.
Wait for the price action near the price level before entering the markets.
Bank Levels & Trend for SHORT TERMDear 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
PLEASE NOTE THAT CHART LEVELS ARE BASED ON WEEKLY TREND FOR SHORT TERM. I will publish a separate levels & strategy for tomorrow's trade. This short trade opportunity identified in Bank Nifty based on weak global cues. Work level by level to better manage Risk:Reward ratio and avoid any surprises.
Please do share your comments. Let us work & win together. Good luck for profitable trades 🙏🙏
Bank Nifty Strategy 30 Sep 2022Bank Nifty Strategy,
37640 above going long for 37847 38092 38298 38516;
37560 below going short for 37421 37102 36766 36370.
Bank Nifty Strategy for 29 Sep 2022Bank Nifty Strategy,
37985 above going long for 38081 38516 38811;
37930 below going short for 37594 37102 36766.
Bank Nifty Strategy for 28 Sep 2022Bank Nifty Strategy,
38310 above going long for 38526 38811 39027 39422;
38245 below going short for 38111 37874 37594 37102.
BankNifty Inverted Flag & Pole Targrt 36500ADX Power
Thursday expiry
Fundamentals Weak Technical Analysis
Inflation high
Russia Ukrain Global issue
Short till 36500
Tommorow Banknifty levels We can see in tommorow opening some bearishness.
Sell Banknifty at 38607
Target 38545 38454 38354 38198
Sl 38701
Buy banknifty at above 38610
Target 38701 38808 38877 38991
Sl 38490
More fall was come in coming days
Bank Nifty Strategy for 27 Sep 2022Bank Nifty Strategy,
38650 above going long for 38806 39027 39190;
38550 below going short for 38516 38111 37950 37594 37102.
Tommorow Banknifty level For our side tommorow will be slightly bullish or in buying mode after the opening.
Buy banknifty above 39651
Target 39821 39893 40000(not possible)
Sl 39441
Sell Banknifty below 39417
Target 39327 39278(major support) 39193
Sl 39640
If Market open at gap down thn buy after the breakout of opening.
Banknifty day tradingIF market opens gapup then chances of volatile market is high
If market goes sideways then we can sell if market crosses resistance of 39580
Bank Nifty Levels & Strategy for 26/Sep/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, Bank Nifty has corrected 1000 plus points which is a significant cut in a day and closed near major support level. It will be interesting to see whether Bank Nifty will hold this major support level or this support level will become major resistance level in case of gap-down on Monday. Please make a note that Bank Nifty is oversold therefore work carefully to avoid getting into beartrap.
BANK NIFTY SCORECARD DATED 23/SEP/2022
BANK NIFTY IS DOWN BY -1084 POINTS
Name Price Previous Day Change % Change
Bank Nifty 39546 40631 -1084.35 -2.67%
India VIX 20.59 18.82 1.78 9.45%
OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA
Max OI (Calls) 41000 (Open Interest: 3487450)
Max OI (Puts) 38000 (Open Interest: 1864075)
PCR 0.54 (PCR is in oversold zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup
Shall we continue to look for sell on rise opportunities/profit booking ????? Yes, I think so. What do you think?
1. Only at higher level after decent pull back from lower levels
2. near major resistance levels
3. near high OI in CE strikes with strict stoploss?
Shall we look for buy on dips opportunity? Yes, I think so. What are your views?
1. near major support levels
2. near high OI in PE strikes with strict SL?
However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change.
1. Global cues based on EOD data
2. FIIs/DIIs/Big player cash & F&O data analysis
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
BankNifty Head & Shoulder Target 40500 Break ShortHead & Shoulder
ADX Power
Fed rates
till 50 EMA
Fundamentals Weak Technical Analysis
Inflation high
Russia Ukrain Global issue
RECENT USA UKRAIN multi billion help to army
Banknifty tomorrow levelsForm our side tommorow market was in sideways or may be in bearish form .soo
Sell Banknifty below 40592
Target 40505 40358 40250 40155
Sl 40939
Buy banknifty at 40690
Target 40935 41050 41164
Sl 50590
BankNifty Inverted Head & Shoulder Target 41500Inverted Head & Shoulder
Double Bottom
ADX Power
New Transportation Policy
Financial Sector Growing Rate 13%
Fundamentals Strong
Technical Analysis
Double Bottom from 100 EMA
Closed Above 100 EM
Recovery power
Bank Nifty Levels - 22nd September 2022long above - 41200, T1 - 41350, T2 - 41500, T3 - 41656, T4 - 41810..... SL 41150
Short below - 40889, T1 - 40736, T2 - 40587, T3 - 40450, T4 - 40280......... SL 41200.
All lines above 41200 will act as resistances.
All lines below 40889 will act as supports.
Please check the chart carefully.
Tomorrow Banknifty predictions We see tommorow Banknifty in some bearish form in morning after that some bullishness was come(once it touch 40889 afterit bullishnessvwas come).
Sell Banknifty below 41387
Target 41148 40889 40582
Sl 41521
Buy banknifty above 41529
Target 41667 41856
Sl 41381
Tommorow Banknifty levels On Friday Banknifty close with bullish reverse Canadal in 15m time frame. But in 1 day tym frame it was bearish .
BUY BANKNIFTY above 40853
Target 40943 41150(major resistance) 41394
Sl 40865
Sell Banknifty below 40683
Target 40509 40280 40115
Sl 40885
Tomorrow banknifty levels Sell Banknifty below 41150
Target 40950 40824 40680
Sl 41320
Buy banknifty above 41529
Target 41628 41848 42000
Sl 41135.
Now our view in banknifty and nifty was bearish. Today market stuck in range tomorrow we see a great movement in it after the break out. So buy or sell according to the breakout
BankNifty Trade setup Idea for 15 September, 2022A massive move by Banknifty yesterday.
Today, I expect the market to move sideways or have some volatility within the 41700-41000 range. Considering, today is weekly expiry, lot of people might square off their position or take new position.
I would go long with 100% position only if the BN tests 41500 level. All the people who have shorted Calls at 41500 levels would run for cover moving the price higher.
Tomorrow banknifty levels For tomorrow our view for market was bearish at morning after that buying will be come . Soo sell Banknifty below 41275
Target 41111 41045 40942 40902 40816
Sl 41460
Buy banknifty above 41460
Target 41624 41848 41950
Sl 41280
BankNifty Trade setup Idea for 14 September, 2022Based on the global data, the market is expected to gap down massively.
Since SGX nifty shows a 300 point drop, I expect the market to open around the 40000 levels and hold that range. There might be some volatility in that range.
Since FII is still buying, I wouldnt be so worried. This is infact a healty correction, considering the contineous green candles for the last couple of days.
My plan: I would wait for the first 15 mins candle to close and then take a call based on that to show me the direction.
The first 5 minutes is going to be crazy where the retail investors get into a panic and could start selling.
