Tomorrow banknifty levels Buy banknifty above 43130
Target 43206 43325 43417 43513
Sl 43000
Sell Banknifty below 42948
Target 42870 42742 42665
Sl 43010
For last 9 session banknifty was on range we expect tomorrow the same
Bankniftyview
Bank Nifty Levels & Strategy for 08/Dec/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: FIIs are super bearish from last 2 days. They are net seller in Dec. Today, market didn't like the RBI policy (specially commentary). Tomorrow's market move will be mainly based on Gujarat election outcome. My strategy will sell on rise with strict SL for tomorrow if I get good trade setup and decent Risk:Reward.
Important events to keep in mind for coming days:
1.Gujrat results on Dec-08.
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 07/DEC/2022
BANK NIFTY IS DOWN BY -40 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43099 43139 -39.85 -0.09%
India VIX 14.08 14.04 0.04 0.25%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43200 (Open Interest: 3452700, CE LTP: 129)
Max OI (Puts) 43000 (Open Interest: 3568500, PE LTP: 84)
PCR 0.68 (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:Long Liquidation
Pin Point prediction Of Bank Nifty For 8-12-22Hello Traders,
The marking of this chart price action was posted yesterday , along with the trade ide to make your trading easy without confusion. You can see the accuracy of price movements And for tomorrow's price action can check below.
Yogesh Vats
07/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data the market is going to open flat today.
If the Banknifty sustains below yesterday's low by opening flat, then you can open a target of 42800 - 42650.
And if the Banknifty sustains above 43200 by opening flat, then you can open the target at 43500.
43050 to 43200 is a swing zone, you can avoid that area
Major level 43000,43200
Triangle Pattern The index is trading in a range for almost 23 days and now its forming a triangle type pattern.
06/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today the Banknifty will open small gap down
Open target 42800 - 42600 if Banknifty breaks 43000 today with gap down and sustains below 43000.
After a small gap down if Banknifty take support last day swing area 43150 level . then open target for last day high 43370
Major level 43150,43000
Bulls are in-charge, Price may see 43600 Index moving HH pattern and its forming a rising wedge, for intraday basis we may see 43600 tomorrow as per current pattern and then a profit booking is possible.
Pin Point prediction Of Bank Nifty For 6-12-22Hello Traders,
This post provides you the levels , I shared for today's trading where every action and reaction price used the se marking. Iy means you had the idea where market is going to take support and resistance. How to trade with these marking a detailed trade plan was discussed, check below. To make your trading easy , I share every day markings and trade plan. Hope you would find it easy to understand .
Yogesh vats
Stuck in range The Scrip is stuck in a tight range of 50 points and on breaking the zone we can see a good move, Keep HDFC Bank in radar.
05/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the Banknifty is going to open a small gap today.
Open target for 42700 level if small gap up opens and breaks last day low (42900) by making 43300 resistance.
And if gap down makes last day low as a strong support and breaks 43300, and sustains above, then open target for 43500.
Major level 42900,43300,
major levels marked..pure price action levels marked on the chart. we all just have to keep ourselves neutral and take decisions based on our chart levels. remember folks trading is all about maintaining your RRR. You will get the chance to make money in the market only if you stay in the market.
Best of luck for Monday.
Plan your long carefully till index trading below 4327543275 may act as crucial resistance, we had seen multiple profit booking from this range previously and may see some more in coming days. Till index is trading below this level we have a high possibility of correction in market so plan our longs carefully
Pin Point predictions Of Bank Nifty For 5-12-22Hello Traders,
The posted marking levels were shared one day back and you can see how fantastically , they worked . To make you trading easy. with complete details of trade plan can check below.
02/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the Banknifty flat is going to open today.
If the Banknifty opens a small gap down and moves to the upside, making 43200 a support, then the target will be the last day high
And if the Banknifty opens small down and sustains below 15 candles 43200 then opening the target previous day low target
Major level 43500,43200,43000,42800
Pin Point Prediction for Bank Nifty 2-12-22Hello Traders,
This post shows the marking levels prediction done for this day trading . The accuracy you can yourself feel in form of price action. Now what is going to happen tomorrow that I discussed in detail for making your trading easy, can check below.
Yogesh Vats
Wait for retest to and reversal candlewait for reversal candle and then initiate longs in index........................................
Tomorrow banknifty levels We can see a great buy in banknifty on last 15m but it can close by making bearish engulfing on the top so we can expect some selling in morning if market was open below the engulfing candle and nxt candle can go down.
Sell Banknifty below 43200
Target 43130 43040 43985 43874
Sl 43280
Buy banknifty above 43284
Target 43350 43450 43600
Sl 43140
Ready for 43600 ??Today market was volatile as expected and trade setup shared in video, market is expected move higher tomorrow.
Pin Point Predictions Of Bank Nifty For 1-12-22Hello Traders,
This post was created yesterday with complete predictions in form of marking and trade idea. You can see the accuracy of marking . If want to more in detail about tomorrow trade direction and set up then can check below. My bit is to make your trading easy.
Yogesh Vats
30/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, even today the market is about to open flat.
As soon as the Banknifty opens flat, if it builds support above 43100 and breaks the high of the last two days, then open target 43500 will be a new high.
And if Banknifty opens flat and breaks low of last day in 15 minutes candle and sustains below then open target 42800 - 42600
Major level 43300, 43000,42800
Bank Nifty Levels & Strategy for 30/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
Bank Nifty opened flat & completely ignore the global markets. Made another lifetime high followed by profit booking & close above 100 EMA. FII are buying in cash but they adding bearish positions in F&O, Pro traders are also adding bearish positions in F&O. Big players are clearly managing index at higher level. What will happen when FIIs/Pro start selling in cash????? Market may correct very sharply. Retail traders are taking things for granted. VIX is low but it may rise in no time.
Why US market corrected yesterday? Fear of another US FED hike in Dec. This time RBI may have no choice but to go ahead with hike therefore we need to be careful in coming days & work level by level. Gujrat election results may also affect market. OPEC is getting ready for another OIL production cut. OPEC want to manage crude price at higher levels. We should follow trend (buy on dips) but avoid, stay away from buying euphoria & continue to book profit at higher levels. There is no harm is ignoring the last leg of rally.
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 29/NOV/2022
BANK NIFTY IS UP BY 33 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43053 43020 33.00 0.08%
India VIX 13.62 13.57 0.05 0.37%
OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 43200 (Open Interest: 3883100, CE LTP: 121.55)
Max OI (Puts) 43000 (Open Interest: 4569800, PE LTP: 130.65)
PCR 0.78 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Long Liquidation
Pin Point predictions Of Bank Nifty For 30-11-22Hello traders,
This post shows the marking Prediction done for today's trading. You can see price reacted on the se marked levels. For detailed analysis to understand with my prediction for tomorrow , can check it below. This will definitely make your trading easy.
