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Bankniftyprediction

Bank Nifty Update (08 September 2021) Banknifty Update (08 September 2021) ================================ Will Banknifty reverse? Banknifty is in a no trading zone and is trading in a narrow range. The index has shown Volatility & roller coaster moves in the previous trading session. Banknifty has formed two Harmonic XABCD & Half Bat Pattern: Here's the trade setup for today: Range High: 36,700 Range Low: 36,390 Aggressive traders can open short positions from 36,790; Risk to Reward will be highly favorable. 36,700 will act as an Intraday resistance. Buy if the level is broken. 36,390 will act as Intraday support. Sell below only 36,390 if price closes below, for the targets of 36,300 followed by 36,150. 36,140 is important to support more pain will be seen if the price closes below the level. WAIT FOR BREAKOUT or BREAKDOWN of the Range Trade Accordingly!
NSE:BANKNIFTY
by CodeViser
2
Bank Nifty and Nifty Prediction for WednesdayGlobal markets are currently stable with no signs of panic or profit booking. Indian market is receiving constant flow of new money which is pushing it to fresh all time highs. In this background, there comes a news that impact of COVID-19 on Indian Economy is not as bad as it was thought earlier. Therefore, there is no resistance as of now to stop Nifty from scaling fresh all time high. The current resistance level of 17132 (Futures chart), if surpassed, will force more Short Sellers to cover their positions and give further upwards push to Nifty and if downward move starts, Support is pegged at 16705 only which indicates downwards move will be brutal for the PUT Sellers. In comparison, Bank Nifty Futures chart is showing resistance at 36650 (see image below): If this level is surpassed, there will be fresh upwards push for Bank Nifty while immediate downwards Support is pegged at 36364.
NSE:NIFTY1!
by jellygill
Bank Nifty Intraday Trade Setup for 24th September 2021We have seen a gap up opening in Banknifty Index in previous trading session and a fall was seen from the day high which was made in the morning. The Index fully recovered in second trading session as it was forming a fresh range. Current range is our Intraday levels, if price crosses 35260 our Harmonic half bat and XABCD patterns will get activated and we can see the upside targets of 35,400 and 35,641. Downside momentum will be seen below 35,080 below that price can correct till 34,800 Total range is of 750-800 points, trade accordingly.
NSE:BANKNIFTY
by CodeViser
5
BankNifty Prediction & Analysis [12 Aug 2021]BankNifty Prediction and Analysis For Tomorrow Bank Nifty Spot Levels to watch out for trading on 12th Aug 2021 Long Opportunity: 1. Price breaks out of 36100 and retests the level again is a good support to go long. Short Opportunity: 1. Gap down opens below 35520 and stays below 35500 for some time and retested back the 35500 levels is a good resistance zone to short Bank Nifty. 2. Gap Up opens but face resistance near 36100 and breaks the upward trendline is a good area to short Visit utube for video explanation
NSE:BANKNIFTY
by AkmeAnalytics
SGX NIFTY : Nifty Prediction TodaySGX Nifty gives FPIs an advance chance to take positions before Indian market opens up. Contrary to popular belief, it is very much liquid and since SGX sessions last more than Indian market, it is darling of FPIs. On one hour candle, SGX Nifty can be seen drifting towards Support and if this is breached decisively, we might see a bigger move. On the upside, the resistance is seen at 16357 level and as and when it is breached, a further push might come to take it to greater heights. If neither of these 2 scenarios happen, it will be dancing between 02 lines and eating premium of option buyers. In that case, Option Sellers might sell options out of this range. Happy Trading.
NSEIX:NIFTY1!
by jellygill
BankNifty - Bull Channel with Risk:Reward = 1:2.5 BankNifty is overall bullish from longterm perceptive. From the 2hr Chart, we see that the BankNifty is trading in Bull Channel . This kind of setup is best for positional/ Swing F/O traders as we can make money on upside and downside. Last week, BankNifty touched the lower trendlines and supported bears for a while. But, It holded the support of the lowest trendline drawn and bulls are back in control. Currently, BankNifty is holding the lower trendline and attempting the move towards the upper trendline. Below 34950, it can touch 34700 and bounce back to upper trendline. Above 35150, i will take 35300 calls for this week expiry and 35500 and 36000 calls next week expiry. This is a Risk/Reward ratio of 1:2.50 trade. Intraday traders can make money on any dips on any day for next two weeks. DISCLAIMER: ALL POSTS ARE EDUCATIONAL PURPOSES.WE ARE NOT RESPONSIBLE FOR UR PROFIT/LOSS
NSE:BANKNIFTYLong
by sainathsetti96