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Bankniftyview

BANKNIFTY--Expiry is Bullish or BearishObservations:: we have previous resistance at 45300-45350 zone...which is strong. yesterday price tested the demand acts as supply zone and falls below... if this zone 45300-45350 acts as resistance price falls again.. if we want to short wait until price breaks 45000 level, and retest or pullback to previous demand zones... then enter for short for target of 44800,bullish gap. No long is suggested...will have strong resistances...
NSE:BANKNIFTYShort
by IIT-Trader
6
BANKNIFTY--Bullish Gap be filled??Observations:: Price action is completely bullish... a strong bullishness is observed from the 44900 level, even after opening gapup. tomorrow this level is resist the price to godown again... if consolidation happens at this level, we can expect an upside movement after filling the gap below to above levels. on top we observed a consolidation + plus strong bullish, with an immediate fall is observed from 45500 level, if this level acts as resistance we will observe some correction... its not a sign of reversal...keep in mind. one more gap is left @44400 level also. Will see in live market what happens.... All these are our assumptions only..... live market is entirely different from the pre market analysis.
NSE:BANKNIFTY
by IIT-Trader
06 JULY 2023 EXPIRY DAY BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open Gap-Down After A Gap-Down opening if Banknifty sustain Above 45000 and taking Support from 45000 then open target for T1-45200,T2-45400,T3-45600 If the Banknifty Gap-Down opening sustain Below 45200 and taking resistance below 45200 then the open Targets for T1-44800,T2-44700,T3-44600 Major Levels 45200,45000,44800 If the market stande in this area of 44800 to 45200, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTYShort
by mr_bull10
BankNifty Analysis: Indecision with Bulls and Bears in ControlBased on the provided chart analysis, here is a revised summary of the current market situation: On the daily timeframe, the market formed a perfect Doji candlestick, indicating indecision among market participants. It opened within the previous day's high and fell to 45000, where it found support and staged a recovery in a V-shaped pattern. The market then rallied to 45651 but subsequently fell again in a V-shaped pattern. This double reversal suggests both bears and bulls are strong, seizing control when opportunities arise. The market has established major resistance levels at 45651 and a minor resistance at 45475. Major support levels are seen at 45000 and 44906, with a minor support at 45135. On the 1-hour timeframe, an inside candlestick pattern has formed. Open interest data reveals that the 45300 strike price has a significant straddle of around 20L, while the 45200 and 45400 strike prices show a decent amount of put and call short positions, respectively. The major support level at 45000 has 41L puts, and the major resistance level at 45500 has 37L calls. The PCR (Put-Call Ratio) is 1.45, indicating a bullish sentiment. Analyzing FII (Foreign Institutional Investor) data, it shows that they have a higher number of long positions in calls (7.78L) compared to short positions (4.76L). In puts, FII data shows more long positions (10.1L) compared to short positions (7.6L). FII Futures Data suggests a bullish sentiment with a value of 1173cr, and FII Stock Data indicates a bullish sentiment with a value of 2134cr. Considering the analysis, the market is likely to be range-bound between 45000 and 45500, resulting in frequent reversals. Potential trades can be initiated if the market breaks above 45651 or below 43906. Alternatively, a break above 45364 could lead to an upside trade with a target of 100-120 points, while a break below 45223 could lead to a downside target of 45118. Please note that this analysis is based solely on the information provided and does not constitute financial advice. It is recommended to consult with a qualified financial professional or conduct further research before making any investment decisions.
NSE:BANKNIFTY
by JigarHathiyani
04 JULY 2023 EXPIRY DAY BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open Flat After A Flat opening if Banknifty sustain Above 45500 and taking Support from 45500 then open target for T1-45600,T2-45700,T3-45800 If the Banknifty Flat opening sustain Below 45000 and taking resistance below 45000 then the open Targets for T1-44800,T2-44700,T3-44500 Major Levels 45000,45500,45200 If the market stande in this area of 45000 to 45500, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Will Touch ATH ??Observations:: The Banknifty index is showing selling pressure in ths zone @43900 level... but failed to take the price below yesterday's supply zone @43700 levels. until price breaks this level and retest don't think of short again... False breakdown may also happens....don't go for short until price breaks 43600 level. It may again reverse... if we see the chart, price respect the demand zone @43400 and will again moving upwards... on top we have strong resistance levels @44100-44200 level... if price consolidates between these 2 levels and will gives us breakout... if price consolidates between 44100-44200 level and moves upward.. we have strong fall area 44350 level,may push the price downwards again but area of value @44100-44200 will again push the price upside... so consider it as a pullback to 44100-44200 level. Again price is also near its trendline breakout...
NSE:BANKNIFTY
by IIT-Trader
2
23 JUNE 2023 EXPIRY DAY BANKNIFTY SUPPORT AND RESISTANCE LEVELS Hello Guys, Good Morning everyone, According to the data today market is going to open Flat After A Flat opening if Banknifty sustain Above 43900 -44000 and taking Support from 43900 then open target for T1-44200,T2-44300,T3-44500 If the Banknifty Flat a Gap-Down opening sustain Below 43500 and taking resistance below 43500 then the open Targets for T1-43300,T2-43200,T3-43000 Major Levels 43500,44000,43900 If the market stande in this area of 43500 to 40000, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
Fall Together from ATHObservations:: NSE:NIFTY and NSE:BANKNIFTY If we see the Nifty trending upwards.... If we see Bank nifty Trending downwards..... These 2 indexes are behaving differently.... Bank nifty broken the ATH in the last month only.... Nifty if break today...will say that it will also break ATH... Bank nifty index Price after broken ATH Reversal again and fall happens. If today nifty also break ATH, then it may also reversal... we may expect price fall like happens in bank nifty. the price is also at its ATH, near its trendline Break...price may break trendline as well. Before Going to Break ATH, price is in consolidation happens in Bank nifty. In Nifty after Breaking ATH, will coming below may again consolidates....like happens in Bank nifty. consolidation may Happens here...or Note:: Nifty is Near ATH, and If today Bank nifty will also come back to near its ATH, then Both will fall together. Lets See What Happens...If this post is Helpful...like it. Thank you
NSE:NIFTY
by IIT-Trader
3
BANKNIFTY--44300 or 43400 ??Observations:: The Banknifty index has again strongly moved back up again from 43400 levels. It has broken the supply zone @43700 levels.. tomorrow if the same level acts as support price is bullish and will reach again top side. If price wants to test the supply @44300 level, it has to break the 44100 and 44200 levels. these 2 levels are stronger so, we can observe a consolidation in these 2 levels, and breaks upside and then fall back to below levels. if price wants to consolidate we need a strong break to upside from 43900 levels... it has to create a demand zone in this zone @43900. If price falls below 43700 and from 43500 will gives pullback then will go for short. Note:: if price is stuck between the levels,43900 to 44200 levels, weekly expiry is ranging.
NSE:BANKNIFTY
by IIT-Trader
2
BANKNIFTY--Rise or Fall ??Observations:: ((This part continuation to Consolidation + Down = Up)) ---After a strong consolidation + downside = Upward Is Done. --->> The Base is again acting as a resistance so price fall is done. ---->>now price is nearly at its demand zone,43400 if this zone breaks or not?? the possibility of breaking this zone is more until price is below 43700 range. that is the range previously a strong rise is observed...its clear demand zone. today price broken the demand zone and retested the same zone and closes below that zone. if this same zone acts as resistance price can easily breaks this bottom demand @43400. But before breaking this zone, we will observe a consolidation or strong fall is going to happen below these zones. from the last 3 days a trending market is observed, no sign of range is observed. if Demand zone @43400 will resist below and @43700 demand acts as supply will resist above we will observe a ranging market again. if price strongly break this zone @43400, we have a next strong zone @43100-43000 is possible. in the middle 43300 will gives us pullback. Will see what happens tomorrow in the live.
NSE:BANKNIFTY
by IIT-Trader
BANKNIFTY--Consolidation + Down = Up ??Observations:: ---->> A strong bullish momentum is observed from this zone...43400 level... ---->> To reach this zone 43400 level from resistance price is approching with strong consolidation. ---->>if this zone again acts as support,will be on buy side until the Base low 43900, Base High 44200 only. ---->> Drop-Base-Drop formation is observed. ---->>If the base resist the price, to go upside...will again observe a fall below 43400 levels...
NSE:BANKNIFTY
by IIT-Trader
2
View on Nifty Bank for trading on 19th June 23Here I'm publishing my views on BANKNIFTY for next-day trading as per the closing of 16th June 23 This is Just an Idea based on chart analysis as per the data, you may disagree or agree... 1) If BANKNIFTY is trading between the range 43759 to 43908 then the day is for Option Seller only and all the Option Buyers are free for searching the opportunity based on breakout or breakdown 2) If BANKNIFTY opens above the range 43759 to 43908 and does not cross 44085 then Option Buyers wait for the breakout above 44085 and enter with an RSI above 65 confirmation in a 15M time frame, The possible resistance is already placed in a picture [ 44219 / 44344 / 44494 ] 3) If BANKNIFTY opens below the range 43759 - 43908 and does not close below 43633 then Option Buyers wait for the breakdown below 43633 and enter with an RSI below 35 confirmation in a 15M time frame, The possible supports is already placed in a picture [ 43397 / 43242 / 43077 ] This is only the view on BANKNIFTY not advice to play like, please trade with your own knowledge and strategies you follow... The analysis in this article is purely for Educational Purposes not for trade setup or advice to trade and based on my personal experience I'm just sharing my views on BANKNIFTY on this platform...
NSE:BANKNIFTY
by jaydeep984trivedi
1