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Bankniftyanalysis

05 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 45000 and taking Support from 45000 then open target for T1-45200,T2-45300,T3-45400 If the Banknifty Flat opening sustain Below 45000 and taking resistance below 45000 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 44500, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
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
Navigating Bank Nifty's Tides: Breakouts, Halts, and Sideways MaBased on the daily timeframe chart, it is observed that every time Bank Nifty has attempted to break its all-time high, it has either halted or formed an inside bar. Furthermore, the recent volume levels are the lowest seen in months. When comparing the trendline drawn from the last low of 16 march to the volume, it is evident that the volumes are decreasing. This could be an indication of a sideways market since the participants' involvement is limited. However, it's worth noting that the candle formed on Friday was bullish, which adds some confusion. On the 15-minute timeframe, Bank Nifty has formed a double top around 44,800. Additionally, the VIX (Volatility Index) is currently at one of its lowest points. Based on these factors, it seems unlikely that the VIX will experience further downside movement. On the contrary, it is anticipated to move upwards. Looking at the open interest data, it is observed that there is significant put writing at 44,500 (53L) and 44,600 (23.3L), with relatively lower call writing. The only notable resistance is at 44,800, with 24L in call writing and 12.4L in put writing. Surprisingly, there isn't much call writing at the 45,000 level, which is unusual (24.4L in calls and 5.24L in puts). The PCR (Put Call Ratio) is at 1.45, indicating a bearish sentiment. Analyzing the FII (Foreign Institutional Investors) options data, there are 7.48L contracts in long calls and 4.76L in short calls, while for puts, there are 9.37L in long contracts and 7.74L in short contracts. This change in open interest indicates a bullish sentiment. Additionally, the FII futures data shows a positive value of 1539.9 crores, suggesting a bullish outlook. The FII stock data also supports this sentiment, with a positive value of 6397.1 crores. In conclusion, based on the available data, the market appears to be bullish with no significant resistance ahead, except at 44,800 and 45,000 levels. However, historical patterns indicate a tendency for a halt after breaking the all-time high. Hence, it's important to keep this historical behavior in mind. Regarding trades, if Bank Nifty opens flat and breaks the day's high, one can consider going long directly. In case of a gap-up opening, it is advisable to wait for a retest or at least for the gap to be filled before looking for long positions. If the market opens with a gap down, it is recommended to refrain from trading as it may lead to a sideways market.
NSE:BANKNIFTY
by JigarHathiyani
BANKNIFTY Analysis for 30 June 2023On the daily timeframe, the market has formed a halt candle at the all-time high. Given that on Wednesday it opened with a gap up but couldn't sustain the upward momentum and became volatile, it is likely that a retest may occur. This could result in a sideways movement or a slight negative trend. On the hourly chart, the price didn't close above or below the first-hour candle, indicating indecision and lack of a clear direction. On the 15-minute chart, there's a trendline originating from below, suggesting a potential support level. The key levels to watch are 44513 as resistance and 44337, 44191, and 44041 as support. Notably, the 44000 level has a significant amount of call writing at 62L, and the 44300 level has a substantial straddle of 43L and 49L. Additionally, there is a considerable amount of put selling on the 44200 level at 52L. The 44500 level also has a decent amount of call writing at 43L. Analyzing the options data, it seems mixed. The PCR of 1.33 reading indicates a bearish sentiment. FII have Calls of long position of 5.13L and a short position of 2.54L, while puts have a long position of 6.06L and a short position of 4.2L. The mixed data suggests uncertainty in market sentiment. Considering the overall data and chart analysis, the market appears to be in a sideways phase. However, if it breaks above or below the current range, options buying can be considered accordingly. If no breakout occurs, it might be best to refrain from taking any trades. In conclusion, based on the provided information, it seems prudent to avoid taking a trade tomorrow, as the market shows mixed signals in the options and futures data, while the stock data appears positive.
NSE:BANKNIFTY
by JigarHathiyani
26 JUNE 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 43900 -44000 and taking Support from 43900 then open target for T1-44200,T2-44300,T3-44500 If the Banknifty Gap-Down opening sustain Below 43200 and taking resistance below 43200 then the open Targets for T1-43000,T2-42800,T3-42700 Major Levels 43400,44000,43800 If the market stande in this area of 43200 to 43800, then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
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
22 JUNE 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 43900 -44000 and taking Support from 43900 then open target for T1-44200,T2-44300,T3-44500 If the Banknifty after 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. ??????? ??????, ? 13 ?????? ???????, ??????? ??????? ???????? |
NSE:BANKNIFTYLong
by mr_bull10
EXPIRY ZERO TO HERO STRATEGY FOR BANKNIFTYBANKNIFTY ANALYSIS FOR THRUSDAY 22ND JUNE-FOR EDUCATION PURPOSE BANK NIFTY:- If BankNifty sustain the level of 43850 break 43900,then 43950-44050-44150 level can be achieved. If BankNifty break down 43850 and break 43800 spend time below then 43750-43650-43550-43450 This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. #stockmarkets #nifty #tommorrowMarketPrediction #nifty50 #nfityoutlookfornextweek #bankniftyoutlookfornext week #bankniftyoutlookfortommorrow #niftyforecast #bankniftyforecast #niftyshareprice #bankniftyshareprice #tommorrowniftyprediction #tommorrobankniftypredicton #niftytargettommorrow #bankniftytargettommorrow #bankniftylive #banknifty #bankniftyoptions #bankniftystrategies #bankniftyfuture #bankniftyoptionstrategy #bankniftycalls #bankniftyintraday #bankniftylivetrading #bankniftyweeklyexpiry #bankniftycrash #bankniftytomorrow #bankniftypredictions #bankniftychart #bankniftytips #bankniftypremium #bankniftyoptions #bankniftyfuture #bankniftytomorrowprediction #bankniftyoption #niftyweeklyexpiry #derivaties #derivative #stockmarketinindia #nse #bse #trader #traders #derivativetrading #VIJAYANJUM
NSE:BANKNIFTY
by vijayanjum
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
21 JUNE 2023 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 43900 -44000 and taking Support from 43900 then open target for T1-44200,T2-44300,T3-44500 If the Banknifty after a Gap-Down opening sustain Below 44000 and taking resistance below 43900 then the open Targets for T1-43800,T2-43700,T3-43500 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:BANKNIFTYLong
by mr_bull10
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
BANKNIFTY--Gap Down or Gap Up ??observations:: After a strong fall price is in consolidation, price is in a range more than two days and today witnessed a pullback is observed... If it is a pullback, tomorrow we will observe a bearishness again.... If we see still the strong supply zone is located at 44300 levels.. If tomorrow price opens gap up and showing bullish pressure will be on buyside until 44300-44350 levels if the supply zone @44200-44160 range acts as support price will again touch ATH. If price opens, Gap down, we will look at 43700 area for buy side.. where previously gap up is observed If price is showing strong bullish pressure @ this level will go for buy on pullback. After Gap down, no buying pressure and again showing consolidation... will be on sell side for targets of 43400 levels. and we will look for buyside at 43400 levels. If price again Strong bullish from bullish gap levels...and moving above levels.. will be on buyside until the supply zone..@44300-44350.
NSE:BANKNIFTY
by IIT-Trader
9