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Niftybankanalysis

Nifty bankNifty bank has been moving positively from last 3 days and today also it gives a gap up opening and was perfectly consolidating for the 2/3 day but after it was near market closing time started to move downwards as if selling has been done on a large scale. Although it sustained above it's days low and perfectly ended with a Doji formation on a Daily- timeframe reflecting an indecision for tomorrow's opening and operations. However, we are fully optimistic but if it tries to go below 43300 level then we can say its support near 43100/43000. And our resistance will be 43800level if market tries to sustain above 43300 level tomorrow then we will be bullish on it. Thanks
NSE:BANKNIFTY
by TripuraInvescorp
Bank Nifty Elliott Wave possibilitiesThe idea presents two possibilities on Bank Nifty as follows: 1. corrective move: this suggests that bank nifty is moving down in a double zig-zag pattern where the index is currently in wave b of wave y. post which the index should head higher in at least three waves if not five. 2. Impulsive move: this suggest that index is heading down in an impulsive manner which is shown as an alternate count in green colour. The index seems to be in wave 4 of wave 1 or wave a (that remains to be seen). Whatever view plays out, I will update the idea accordingly Summary: both the possibilities suggest a down move in the near future. Thanks for reading :)
NSE:BANKNIFTY
by barefootTrades
Nifty 06 Mar 23 to 10 Mar 23 Short ,Medium and Long TermNifty 06 Mar 23 to 10 Mar 23 Short ,Medium and Long Term Nifty 17300 /17200 support provided last week acted very well. Nifty closed at 17594 ( Prev close 17465 ) Nifty touched a high of 17638 and low of 17273. RSI, stochastic and MACD are in recovery zone. Nifty short term - Will be upwards but need to cross the crucial resistance as mentioned below. Nifty Resistance at 17650/17712 (Inclined Trend line - Shown in green color) If it crosses 17712 in the week the other resistances to break 17819(0.5 fib old)/17900/18000(Aug high) Nifty Support at 17435(dark red color horizontal line) /17368 MA200 /17355(new low) /17200 Nifty Medium Term Nifty will be range bound in medium term from 17200 to 18268. Like previous week, this support levels are shown in Green & Red thick Horizontal lines. Nifty need to break decisively above 18268 to reach 18800-18900 in Medium term and Support at 17000 Nifty Resistance 18109(sep high) / 18122(0.5 fib new) /18268 (Dec22 end Jan23 high) Long term Target 19500/20500 possible if it breaks above 18268 In case if it falls below 17000, then next support is at 16793, which will act as major long term support. As mentioned in last week market corrected and reversed back from oversold zone, after a few dip. Nifty IT and NIFTY 50 Equal weight Mutual funds can be accumulated for long term. Nifty Bank call was given for last two weeks to buy after touching low 39638 and it rose more than 4% (to 41251) last week and surpassed nifty. Still bank nifty will increase once it crosses 41300 and then to 41950/42850 in medium term. Nifty IT 29857 also sustaining above 50 MA. Have potential to move upto 31850 in coming weeks if nifty is sustaining & crossing crucial resistances.
NSE:NIFTY
by karthikss
Nifty bankHello Everyone, Today Nifty Bank was trading in a very tight range in the morning session. After than it breaks its support of 41350 and fall unto 41100 after that it tried to rise and breaks its support line of 41350 and move 200++ pts up and hence, ended the market in green. In this whole fluctuation of today's market over view is set to be bullish for next day. We expect it to touch 42000-42300 range which will show a good market condition in the banking and allied stocks. The impact of budget on the market are seeming lightly today as volatility has decreased quiet comparing to past 4-6 trading session. So our trading range for upcoming days is between 41000-42000 (+/- 200pts as per India VIX). Thanks
NSE:BANKNIFTYLong
by TripuraInvescorp
Nifty bankNiftybank even after opening gapdown tries to sustain itself in green and closed above yesterday's closing price. As per our last post we have continued to put our view for upside in BANKNIFTY. (Resistance of 41000 is yet to reach) Some noticing points that I want to clarify are: Nifty bank is consolidating in a fix range which after its range breakout will give a sharp movement to any of the sides. For Short term trade (weekly options) support is 40050/39800/39550 if it goes downward direction. If this consolidation phase continues then we can put our resistance at or near 41000-41350; while support could be set above 39850. (For swing opportunity) Thanks. Disclaimer: This post is for educational purpose only. Please consult your financial advisor before investing. Boost my post if you like.
NSE:BANKNIFTY
by TripuraInvescorp
2
Nifty bankNifty bank was dragged from today's high of 41900 to near 40400 level forming 3 black crows pattern which is clearly spotted under 30 minutes timeframe after that Hammer pattern is formed but it is not forming at the bottom of the trend. So we can't precisely conclude that it will show a positive momentum but still we can hope for that in tomorrow gap up opening. Nifty banks immediate support can be taken at 40350-39500 And resistance at 41000-41400-41600. Some important points which can boost the trend towards north:- Adani entreprises FPO fully subscribed. Good news from budget which helps to pump cash in equity stocks for long term investors. Disclaimer: These are my personal views on the market. Please take investment advise from your financial advisor before investing. Like and boost up my post for more such curated views on indices and stocks.
NSE:BANKNIFTY
by TripuraInvescorp
Nifty bankToday NIFTYBANK traded in a choppy zone. It stops trade at 42300. Moreover volatility in Indian Stock Market today was low. In a shorter timeframe NiftyBank is forming a flag pattern this may depict a small bounce towards 42900 keeping our stoploss cost-to-cost. However, it is still in its bearish mode watching past weeks data which shows its support near 41800. If you like my thought in a clear and concise then boost up my post. Thank You for your patience and keeping confidence on me. NSE:BANKNIFTY
NSE:BANKNIFTYLong
by TripuraInvescorp
Nifty bank in a new pattern formationNiftybank was in consolidation zone from last 2 days between 42200-41850. It was the sign where major chunks of old positions were booked and from today onwards new position for next expiry are buildup and in a view of chart we could depict that a W-pattern is under formation which shows its immediate resistance near 42700(+/- 50). Usually we try to give positional outlook on BANKNIFTY to eliminate confusion in a shorter timeframe.
NSE:BANKNIFTYLong
by TripuraInvescorp
NiftyBank trend for tomorrowToday a V- shaped recovery has been seen in Niftybank from previous day's low of 41900 today it stand near 42500approx and it moves beyond that and went upto 42700. If this upward trend sustains above 42700 for tomorrow then it will hit 43000++ and will show strong momentum. But it has reversed somewhat today which shows a clear indication of inverted head and shoulder pattern on a 15 min timeframe which says if it crosses below 42300 and sustains below that then niftybank will hit 41900 and fall below that which will ruin everyone's portfolio to some extent. So, basically what I am trying to say is that opening and the market momentum after half day will clear our confusion. Moreover DIIs buying in cash market was more than the sellings by FIIs today.
NSE:BANKNIFTY
by TripuraInvescorp
2
Nifty bankAs we can see Nifty Bank is forming a 3 black soldier pattern on a daily timeframe showing support at 42000. The downward trend will continue as per the formation of next candle on 9th Jan. Before that it seems the market will hold its bearish trend which will go upto 41500. But if it forms a Doji Pattern on next candle then there will me a massive reversal in trend which tends Nifty bank to move upward to reach 44000. Will review on Monday. Boost up my post if it is helpful and insightful.
NSE:BANKNIFTYShort
by TripuraInvescorp
2
BANK NIFTYHello and welcome to this analysis Bank Nifty has activated a Bearish Harmonic Bat in daily time frame. The anticipated retracement levels are 38-50-62% of the upmove. The view would be negated if it sustains above 41530. As per Ichimoku Time and Wave Theory also we have a turn date activated. Until it sustains below 41530 it would remain weak. In case it breaks on the upside then the low of Friday October 28 would be considered as a stop loss for longs
NSE:BANKNIFTYShort
by Dinesh_C_Nagpal
3
#BANKNIFTY Can Rise From The FCP Zone Traders, BANKNIFTY Can Rise Intraday. We have an FCP zone and an unfilled gap. So watch out for this intraday opportunity. NIFTY Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NSE:BANKNIFTYLong
by vikinsa
BANKNIFTYHello and welcome to this analysis Bank Nifty after a stupendous run has reversed from a Bearish Harmonic Alt Shark suggesting a probable 38-50 Fibonacci retracement of the entire run since mid June. Harmonic patterns are formed when structures synergize with Fibonacci ratios thereby giving higher probabilities of reversal confirmations. This view will be valid till SPOT does not break above 39850 Risk Reward appears to be very good for a bearish trade.
NSE:BANKNIFTYShort
by Dinesh_C_Nagpal
1
NiftyBank Futures Key trading levels for 8th Aug 22 NiftyBank Futures Key trading levels for 8th Aug 22. Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:BANKNIFTY1!
by sbkurandwad77