Bankniftyanalysis
Real power of price action..didn't post any new levels because I was waiting for these levels to get tested. guess what patience wins and price action too. keep your trading simple and manage your RRR the only holy grail of the stock market.
Don't oversize for tomorrow's session ya.
Best of luck traders.
21/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap-up is going to open
After A gap-up if banknifty taking support above last day high and sustain above 43400 then open target for T1-43600,T2-43800,T3-444150
If the Banknifty after a gap-up sustain below last day high (43400) The open Traget for T1-42850,T2-42600,T3-42610
Major Levels 43400,43500,43000
NSE:BANKNIFTY Analysis/Prediction for tomorrow 21-12-2022NSE:BANKNIFTY Analysis/Prediction for tomorrow
If Market opens between 43260-43500
🟢 Buy CE above 43545
✔️ Target Should be 43850
🔴 Buy PE below 43250
✔️ Target Should be 43000
If Market opens beyond the range wait for price action or avoid trading.
Note:
🚨 Gap-UP & Gap-Down more than 200 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 100 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer: I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
BANKNIFTY ANALYSIS FOR 2Oth DECEMBERExpecting the market to move upside in the fist half.
If there is weakness in the first half one can ignore this analysis.
Watch the price, if it's going according to plan then only we can take positions.
This analysis is according to my understanding of market.
Have your own analysis and trade according to plan.
HAPPY TRADING....
20/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market small gap-Down is going to open
After A gap-Down if banknifty taking support above the trend line and sustain above 43400 then open target for T1-43500,T2-43600,T3-43750
If the Banknifty after a gap-Down Break the trend line and sustain below demand zone (43200) The open Traget for T1-43150,T2-43000,T3-42950
Major Levels 43200,43300,443450
NSE:BANKNIFTY Analysis/Prediction for tomorrow 20-12-2022NSE:BANKNIFTY Analysis/Prediction for tomorrow
For Flat Opening
🟢 Buy CE above 43455
✔️ Target Should be 43600, 43800
🔴 Buy PE below 43225
✔️ Target Should be 43000
For Gap-UP Opening
🟢 Buy CE near 43400
✔️ Target Should be 43600, 43800
🔴 Avoid PE
For Gap-Down Opening
🟢 Buy CE above 43420
✔️ Target Should be 43600, 43800
🔴 Buy PE below 43225
✔️ Target Should be 43000
Note:
🚨 Gap-UP & Gap-Down more than 200 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 100 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer: I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
Banknifty 19th Dec Live Double BottomBanknifty 19th Dec Live
Its taken the valid support and creating double bottom
So this is going towards HH5 as per the chart Bulish Expanding triangle
banknifty Range (43300- 44000)
Key things PCR 0.94 , call Oi stands in the 44000 as resistance and put oi stands 43300 as a valid support
global market down but indian market bulish range
** please dont take any wrong trade before fixing the proper SL
** don't take "one more trade"... story of a successful trader.
19/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market small gap-Up is going to open and choppy day happened
After A gap-up if banknifty taking support from last day low and sustain above 43000 then open target for T1-43200,T2-43400,T3-43600
If the Banknifty after a gap-up Sustain Below last day low(43000) The open Targets for T1-42900,T2-42800,T3-42708
Major Levels 43000,43400,42800
NSE:BANKNIFTY Analysis/Prediction for tomorrow 19-12-2022NSE:BANKNIFTY Analysis/Prediction for tomorrow
For Flat Opening
🟢 Avoid Trading
For Gap-UP Opening
🟢 Buy CE above 43500
✔️ Target Should be 43800
🔴 Buy PE below 43200
✔️ Target Should be 42950
For Gap-Down Opening
🟢 Buy CE above 43220
✔️ Target Should be 43500
🔴 Buy PE below 42950
✔️ Target Should be 42650
Note:
🚨 Gap-UP & Gap-Down more than 200 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 100 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer: I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
BANKNIFTY FOR COMING WEEK - 19 Dec to 23 Dec 20221. Monthly Timeframe
Bullish - Charts are in great shape
Bullish Candle closed near highs- November 2022
Made new high this month( Dec 2022)
Monthly Support @ 38300-39100
Good as long, as the price sustains above support levels :)
2. Weekly Timeframe
Shooting star candle is on an all-time high.
Weakness is expected in the coming week.
Swing Trades - Sell on Rise.
Support @ 40300- 40800.
Volatility may increase.
Expecting both side swings.
Week high would act as resistance - 44151.
3. Daily Timeframe
Gap Down indecisive candle at support
Might see Gap up or gap down opening on Monday
Immediate support at 42940-43100
Further support at 42200- 42450
4. Hourly Timeframe
Sell-off, followed by a pause near the support area.
Selling - Near Resistance or below support
Precise levels for swing and intraday traders
Immediate resistance at 43500
Further resistance at 43884- 43893
Disclaimer: Only for educational purpose
16/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guy's.,
Good Morning Everyone,
According to the data today market gap-Down is going to open
After A gap down if banknifty taking support from last day low and sustain above 43500 then open targets for T1-43600,T2-43700,T3-43800
If the Banknifty after a gap down Sustain Below last day low The open Targets for T1-43200,T2-43000,T3-42800
Major Levels 43500,43200
NSE:BANKNIFTY Analysis/Prediction for tomorrow 16-12-2022NSE:BANKNIFTY Analysis/Prediction for tomorrow
For Flat/Gap-UP Opening
🟢 Avoid CE
🔴 Buy PE near 43850
✔️ Target Should be 43500, 43100
For Gap-Down Opening
🟢 Avoid Trading
Note:
🚨 Gap-UP & Gap-Down more than 200 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 100 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer: I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.