Bank Nifty Intraday Key Levels These are the key levels for bank nifty that works in intraday well and u can guess the future move as per past key levels
Bankniftylevels
28/10/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
Today also banknifty will open with a gap up and second thing continues last 3 days banknifty and nifty playing in a range may be today doing well. so we have two plan .
* If Banknifty after a gap up sustain 41500 level then open target for 41800-42000
* If Banknifty Sustain below low 41000 level then open target 40800-40600
27/10/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello,
Good Morning Guys
As per data Market will open with a gap up so now we have 2 option to trade the banknifty .
* If banknifty open a gap up and break last day high((41500) and sustain above you can focus for long .
*After opening a gap up if banknifty not sustain last day high and play below last day high you will be alert may be banknifty moving in a range
Tommorow Banknifty levels Buy banknifty above 41210
Target 41387 41528 41672
Sl 40880
Sell Banknifty below 41018
Target 40885(major support zone) 40745 40595
Sl 41140
NIFTY BANK LEVELS FOR MONDAY - 24-10-2022Important Bank Nifty Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
21/10/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Guys,
As per global market over view Banknifty today will open flat. Now we have two option to trade.
*If banknifty today break and sustain above the yesterday high that was 40200level then open target 40400-40600
* Or banknifty break the the trend line and sustain below yesterday low that was 39800 level then open target 39800-39600 NSE:BANKNIFTY
Tomorrow banknifty levels We expect some selling in banknifty on tomorrow after the opening..
Sell Banknifty below 40080
Target 40000 39900 39793 39720
Sl 40200
Buy banknifty at 40110
Target 40200 40280 40356 40442
Sl 40080
Bank Nifty Levels & Strategy for 21/Oct/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 slipped in red and Bears are trying to regain the control. Today, once again Bears as well as Bulls were rewarded who traded based on good quality setup. Buy on only when price action indicate you to buy & vice versa in case of sell. PCR is indicating weakness & weakness in Indian Rupee is hurting Indian traders. We have Diwali two days of Diwali vacation prior to October expiry. Please avoid trading (specially buying) in weekly options. Your overnight position must be hedged & trade based on good quality trade setup.
Bears have slightly upper hand at higher levels. Shall we continue to buy on dips & sell on rise with strict SL untill market trend is clear? Yes, I think so. Please share your thoughts.
BANK NIFTY SCORECARD DATED 20/OCT/2022
BANK NIFTY IS DOWN BY -274 POINTS
Name Price Previous Day Change % Change
Bank Nifty 40100 40373 -273.65 -0.68%
India VIX 17.23 17.49 -0.25 -1.46%
OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA
Max OI (Calls) 41000 (Open Interest: 1750875, CE LTP: 120)
Max OI (Puts) 39000 (Open Interest: 1507475, PE LTP: 72.7)
PCR 0.84 (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: Long Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup
Bank Nifty Strategy 21st OctBank Nifty Strategy 21st Oct
40070 above going long for 40149 40252 40429 40559 40685;
40025 below going short for 39892 39763 39446 39295.
20/10/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello guys,
Good Moring everyone,
Today banknifty will Open a big gap down now we have two option to trade.
*After a big gap down if banknifty taking support from 39800 will focus on CALL side target level yesterday high(40600)
* If banknifty after a big gap down break 39800 level and making resistance zone we will focus PUT side open level 39200
19/10/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello,
Good Morning Guys,
Now we have to Ways
* If banknifty open yesterday low (40200) above and sustain then it will be it go up side open target 40600
*if banknifty open yesterday low(40200) and sustain then it will be go down side so open target 39800
Tomorrow banknifty levels Sell Banknifty below 40275
Target 40212 40137 40075 39988
Sl 40360
Buy banknifty above 40355
Target 40435 40510 40594
Sl 40270
18/10/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Good Morning Guys,
After A trending day may be banknifty today playa in a range so major level 40000
* If banknifty open gap up and taking a retracement above 40000 then we focus on long side. level (40200-40400)
* Either banknifty open gap up and taking retracement and moving below 40000 then focus on short side level (39800- 39600)
Bank Nifty Levels & Strategy for 18/Oct/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 performed as expected. Traders who simply followed the technical pattern got rewarded heavily. Once Bank Nifty has given breakout above VWAP & 13EMA then throughout the day not even a single candle closed below 13 EMA/VWAP on 15 min chart. Those who shorted initially, took SL and reversed the trade for wonderful one way relief rally. Retail traders got caught again. FIIs have heavily added bullish positions in F&O contracts, US market is trading in green today and majority of the retail traders did exactly opposite to what FIIs did. May GOD bless retail traders. Please don't get carried away in one direction. Bank Nifty is in oversold zone now.
We have to be patient enough to make some money and follow our rules without fail. Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think?????
BANK NIFTY SCORECARD DATED 17/OCT/2022
BANK NIFTY IS UP BY 615 POINTS
Name Price Previous Day Change % Change
Bank Nifty 39920 39306 614.85 1.56%
India VIX 18.42 18.26 0.16 0.88%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 40000 (Open Interest: 2227475, CE LTP: 9.05)
Max OI (Puts) 37000 (Open Interest: 3057025, PE LTP: 363)
PCR 1.48 (PCR is in overbought 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
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
Tomorrow market view Today Banknifty give a very good breakout with strong candle now our view was bullish until 39250 ..
Buy banknifty above 39873
Target 39991 40078 40250
Sl 39604
Sell Banknifty below 39870
Target 39780 39710 39600
Sl 39870
Bank Nifty Strategy for 18th OctBank Nifty Strategy for 18th Oct
39930 above going long for 40040 40429;
39870 below going short for 39763 39446 39295
38500- 38800 zone may act support BankNifty — Last friday there was a gap up but index failed to hold at these level and we saw a selloff from these levels.
Situation 1- After gapdown index may take support @ 38800 level and bounce towards 39550.
Situation 2- If index failed to hold above 38500 then further correction possible.
#Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
Bank Nifty Levels & Strategy for 17/Oct/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 simply followed the US market & jumped up 1.76%. Bank Nifty consolidated throughout the day after initial gap-up. We have very interesting data setup for tomorrow. US markets closed in red so we are likely to start with a mild gap-down. FIIs have heavily added long positions in F&O so we should expect a bounce back from lower level. Later, we can work based on good quality trade setups. This indicates bulls as well as bears will get opportunities.
Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think?????
BANK NIFTY SCORECARD DATED 14/OCT/2022
BANK NIFTY IS UP BY 682 POINTS
Name Price Previous Day Change % Change
Bank Nifty 39306 38624 681.60 1.76%
India VIX 18.26 20.29 -2.03 -10.02%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 42000 (Open Interest: 2727075, CE LTP: 13.25)
Max OI (Puts) 37000 (Open Interest: 1510250, PE LTP: 7)
PCR 0.76 (PCR is in bearish 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
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
Monday Banknifty predictionWe expect some gap down opening on Monday
Soo if market can open 39200 sell it
Our target 39125(major support) 39033 38880
Sl 39380
Buy banknifty above 39240
Target 39280 39321 39334 39484
Sl 39180
BankNifty looking bearish, Gap down ,Double Tweezer on top ??As per analysis Banknifty showing Tweezer on top on 4 Hours time frame, which means in upcoming week we can see a bearish moment in BankNifty
Banknifty having strong resistance at 39500 and nearest support at 39000 (open interest data).
Next strong support will be at 37833 as per 200 EMA ( Moving Average)
Please trade your plan accordingly.
Only for Educational purpose.
14/10/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEGood Morning Guys,
Today Banknifty Will be open with big gap up. Now we have two condition .
1.If banknifty open with below yesterday high we will focus for short.
2.Either open above yesterday high we will wait for sustain the market and tray to enter for log position.
And major support yesterday low.
Banknifty tomorrow prediction!!We see Banknifty rang bond from last 5 days the open and close level was same and now see what market can do tomorrow. According to us if market can open gap up some sell is coming after the opening and if it break rang thn go with the market.
Sell Banknifty at 38590
Target 38447 38356 38202
Buy banknifty above 38702
Target 38805 38940 39057
Banknifty daily analysis for13/10/22(weekly expiry) Banknifty on the daily time frame has form another inside candle and tomorrow expiry can be a trending one.
The market has been consolidating in a narrow range and taking resistance from its 20 DMA.
Market opens flat and remained in a up trend in the second half. The market has closed between both the moving averages.
On 15 minute time frame, the market seems to form a bullish moving averages cross over.
Support:- 38930, 38640, 38530
Resistance:- 39160, 39390, 39520
Markets are trading in a broader range of 800 points.
Wait for the price action near the levels before entering the market.
