13/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap-up is going to open
Open target for 43800 - 44000 if gap-up opens and Banknifty sustains above last day swing area(43600)
And if the Banknifty sustains below the last day swing area(43600) even after the gap-up open, then target for last day low(43350).
Major level 43600,43800,43860
Bankniftylevels
BANKNIFTY Prediction for 12th December(Monday)I already mentioned important points on chart.
If market opens GAP DOWN / FLAT my view will be BEARISH.
You can sell once the price again reaches supply zone.
If the price rejects from supply zone, expecting market to create new swing low.
If the price opens GAPUP/ starts trading above previous Day's high, You should ignore this analysis.
NOTE:
This Idea is according to my understanding of market especially BankNifty.
And do your own analysis, take positions according to your Risk Appetite.
HAPPY TRADING....
12/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap down is going to open and today will be another short day
If the gap down opens and becomes support on the last day, then today the Banknifty will move in the range of 43400 - 43800.
And if the gap down opens and breaks the trend line with the last low, the Banknifty will move between 43400 - 42900 today.
Major Levels are 43400,43500
09/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the market Gap-up is going to open today.
If today the Banknifty opens the gap and comes down and takes support around 43500, then target 43800-44000 can be opened.
Open target for 43300 - 43200 if 43500 becomes resistance after break the level
Major level 43500,43200,43800
08/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the Market is going to open flat today.
If the Banknifty opens flat and breaks the last day low, then the down side Banknifty can be seen today. You can open the target for 42800 - 42600
If the Banknifty opens flat and sustains above 43200 till the last day which does not break then there will be no chance for entry today
Major Level 43200,43000,42900
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
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
Nifty Bank Levels & Strategy for 06/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: Options data indicating mild bullishness. Smart money/big players are adding bullish positions. However, as a retail investor, we should continue to book profit near new lifetime high & wait for good trade setup/good buy on dips opportunities.
Red Flags to keep in mind for coming days:
1.Today, RBI meeting started. Reserve Bank of India (RBI) is likely to go ahead with another rate hike (approx. 0.25%) on Dec-07 then what will happen in banking stocks?????
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
3.Gujrat results on Dec-08. Exit-poll stuff started today evening.
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 05/DEC/2022
BANK NIFTY IS UP BY 229 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43333 43104 229.20 0.53%
India VIX 13.73 13.45 0.28 2.10%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43500 (Open Interest: 2402925, CE LTP: 162.15)
Max OI (Puts) 43000 (Open Interest: 3428300, PE LTP: 109.2)
PCR 1.08 (PCR is in buying Zone)
Bank Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
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
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,
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