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Bankniftylevels

Banknifty daily analysis for 12/10/22Banknifty seemed to hold the levels and remain strong as compare to the other index (Nifty). The market has formed an inside candle and closed nearly 1% lower. Banknifty consolidated in a box and in the last hour of the trading session banknifty broke down the levels and closed below it. The market has taken resistance from its 200 ema on the hourly chart and has clearly respected it. On the 15 minute time frame, the market has close near the low of the previous day and took support from 38640 levels. Support :- 38640, 38530, 38290 Resistance:- 38770, 38870, 38960 The market are showing negative sign. Wait for the previous day high or low to break to take a trade. Wait for the price action near the levels before entering a trade. Let the markets decide the trend for swing and positional trades.
NSE:BANKNIFTY
by Mambotrade
Bank Nifty Levels & Strategy for 11/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 closed almost flat (-85 points) in red zone. We are nicely coupled with US market. Best part is extent of fall in Indian market is low compare to US & global markets. Today, Indian market has absorbed the selling in US market and again shown tremendous strength. Today morning, gap-down was a known event for everyone after DOW JONES & Nasdaq were down significantly on Friday. Today also FIIs continued with their selling in cash as well as F&O segments. DIIs & HNIs buying helped recovery from not only from day's low but also crossed yesterday's high. Volatility continued today and market offered opportunities to bulls after gap-down, bears at yesterday's high and professional traders option writers. Working level by level was profitable. Shall we continue with sell on rise near resistance levels and buy on dips near support levels????? Yes, I think so. What do you think????? BANK NIFTY SCORECARD DATED 10/OCT/2022 BANK NIFTY IS DOWN BY -85 POINTS Name Price Previous Day Change % Change Bank Nifty 39093 39178 -84.95 -0.22% India VIX 19.62 18.81 0.81 4.31% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 2521400, CE LTP: 16.5) Max OI (Puts) 37000 (Open Interest: 2156375, PE LTP: 8.4) PCR 1 (PCR is in sideways zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short 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!
NSE:BANKNIFTY
by manishmgupta
2
Bank Nifty Levels & Strategy for 10/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 closed almost flat (-105) in red zone. PCR is in bearish zone. FIIs as well as DIIs have added plenty of bearish positions in F&O. US market closed in red. Dow Jones (-630), Nasdaq (-446). We are all set for the gap-down on Monday. Global cues & overall trend has turned negative. Is sell on rise going to be better strategy for Monday trades with strict SL? Yes, I think so, What do your thoughts? BANK NIFTY SCORECARD DATED 07/OCT/2022 BANK NIFTY IS DOWN BY -105 POINTS Name Price Previous Day Change % Change Bank Nifty 39178 39283 -104.80 -0.27% India VIX 18.81 19.32 -0.50 -2.60% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 40000 (Open Interest: 2045875, CE LTP: 324.05) Max OI (Puts) 39000 (Open Interest: 1792125, PE LTP: 115.35) PCR 0.84 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTYShort
by manishmgupta
Bank Nifty Levels & Strategy for 07/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 continued with it's excellent performance but profit booking brought Bank Nifty back to gap-up opening level. Initially bulls got good chance to earn, later option writers took over and finally profit booking gave chance to bears as well. We need to trade cautiously at higher levels as US dollar index started heating up again. Traders are able to make money who really have good technical knowledge even after taking couple of stop losses. PLEASE REVIEW MY LAST ONE MONTHS CHARTS THEN YOU WILL REALISE THAT BANK NIFTY AS WELL AS NIFTY IS RESPECTING LEVELS REALLY WELL. LEARNING: WORK LEVEL BY LEVEL WITH STRICT SL (STOPLOSS) AND MAXIMISE PROFIT USING TRAILING SL. BANK NIFTY SCORECARD DATED 06/OCT/2022 BANK NIFTY IS UP BY 173 POINTS Name Price Previous Day Change % Change Bank Nifty 39283 39110 172.80 0.44% India VIX 19.32 19.57 -0.25 -1.30% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 40000 (Open Interest: 1448900, CE LTP: 207) Max OI (Puts) 38500 (Open Interest: 1195050, PE LTP: 180.45) PCR 0.87 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Shall we continue to look for buy on dips opportunity at support levels & sell on rise near resistance levels with strict SL????? Yes, I think so in case we get quality trading setup in either direction. What do you think? Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
2
Banknifty daily analysis for 06/10/22The markets are following the global trend and gap up/downs are not give much opportunity for swing and intraday trades. Banknifty, after the gap up of 600 points, it gained only 300 points in forst hourly candle and consolidated whole day in a range. The market is still unable to cross the level of 39130. Banknifty has consolidated in a narrow range of 150-170 points after the initial push. There is a bullish moving average cross over on the 15 minutr time frame. Support :- 38960, 38780, 38510 Resistance :- 39130, 39510, 40000(round number) Wait the price action near the levels before trading the market.
NSE:BANKNIFTY
by Mambotrade
Bank Nifty Levels & Strategy for 06/Oct/2022 ExpiryDear 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 Spectacular performance by Bank Nifty after yesterday's sharp correction. Retail/HNIs traders were heavily benefitted & rewarded for their long positions. FIIs booked the loss & turned highly bullish for 6th Oct expiry. Today, Retails traders have heavily added bearish positions for 6th Oct expiry. Short covering may lift Bank Nifty to higher levels. Today also US market is trading in positive zone and there may be another gap-up on Thursday. Big players are playing with innocent retail traders emotions who are not properly equipped with all required tools. If Bank Nifty closed at higher level on Thursday and all bearish positions may expire worthless. Post expiry FIIs/big players may again flip the side. May God bless retail traders. RETAIL TRADERS MUST AVOID NAKED LONG TRADES IN WEEKLY PUT & CALL OPTIONS, PLEASE LEARN TO HEDGE OVERNIGHT POSITIONS WITHOUT FAIL. BANK NIFTY SCORECARD DATED 04/OCT/2022 BANK NIFTY IS UP BY 1080 POINTS Name Price Previous Day Change % Change Bank Nifty 39110 38030 1080.40 2.84% India VIX 19.57 21.37 -1.80 -8.40% OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 2714350) Max OI (Puts) 37000 (Open Interest: 2701450) PCR 1.07 (PCR is in sideways to mild bullish zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Short covering, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Shall we look for buy on dips opportunity at support levels & sell on rise with strict SL at higher levels as long as Nifty trading within a range? Yes, I think so. What do you think? Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTYLong
by manishmgupta
Bank Nifty Levels & Strategy for 04/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 is trading within a range and getting ready for break out or breakdown. Bears as well as bulls are getting decent opportunities who are working level by level and earning well. FIIs were bullish in F&O on Friday and they have lifted the indices to clear their long positions. Today they have added bearish positions and US markets are trading in nice green. We should expect a correction till support level in case of gap-up in Indian market. BANK NIFTY SCORECARD DATED 03/OCT/2022 BANK NIFTY IS DOWN BY -602 POINTS Name Price Previous Day Change % Change Bank Nifty 38030 38632 -602.30 -1.56% India VIX 21.37 19.97 1.40 7.00% OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA Max OI (Calls) 40000 (Open Interest: 3368950) Max OI (Puts) 37000 (Open Interest: 1856600) PCR 0.73 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short covering, OTM:Short covering, ITM:Long Buildup, FAR OTM:Short covering Shall we look for buy on dips opportunity at support levels & sell on rise with strict SL at higher levels as long as Bank Nifty is trading within a range? Yes, I think so. What do you think? Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
2
Banknifty daily analysis for 04/10/22Banknifty on the daily time frame has formed an inside candle and is trading between 20 and 200 DMA. The market opened lower and from the first hour came for selling. Banknifty tried to hold the levels and in the second half the market faced a huge sell off and closed 600 points lower. The market, on the hourly time frame, took a resistance from its 20 ema. Even on the 15 minute time frame, the index has faced resistance from the 20 ema. Support :- 38000, 37280, 37680 Resistance :- 38158, 38280, 38530 The market has remained in a consolidation and has formed an inside candle. Take a trade only if the market crossed today's high or low. Wait for the price action near the price level before entering the markets.
NSE:BANKNIFTY
by Mambotrade
Bank Nifty Level & Strategy for 30/Sep/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 Today's gap-up was sold in no time and once again, Bank Nifty closed in red & below 50 DMA. Bank Nifty is still trading above 100 & 200 DMA levels. Bank Nifty continued to remain in oversold zone and looking weak ahead of RBI policy/rate hike on 30/Sep/2022. We are expecting RBI rate hike upto 0.5% and majority of the global factors is already priced in. Tomorrow's move will be based on RBI's rate hike & post hike commentary. BANK NIFTY SCORECARD DATED 29/SEP/2022 BANK NIFTY IS DOWN BY -112 POINTS Name Price Previous Day Change % Change Bank Nifty 37648 37760 -112.10 -0.30% India VIX 21.30 22.10 -0.79 -3.59% OPTION STATISTICS BASED ON 06/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 1529125) Max OI (Puts) 36000 (Open Interest: 1013725) PCR 0.61 (PCR is in oversold zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Please do wait & watch for RBI's policy and commentary. Tomorrow, once again trading is likely to be volatile only. Price-action on chart will be give you the correct picture. Work level by level to avoid big surprises. Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 29/Sep/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 closed in red and below 50 DMA but still trading above 100 & 200 DMA levels. Bank Nifty is highly oversold and looking weak ahead of RBI policy/rate hike on 30/Sep/2022. RBI rate hike upto 0.5% and majority of the global factors is already priced in. Today, US market is trading in green. Let us expect a good recovery in next few days from 2 year's low levels. Traders should wait for a pullback and short/take bearish positions at higher levels with strict SL only otherwise they may easily get stuck into beartrap. BANK NIFTY SCORECARD DATED 28/SEP/2022 BANK NIFTY IS DOWN BY -599 POINTS Name Price Previous Day Change % Change Bank Nifty 37760 38359 -599.30 -1.56% India VIX 22.10 21.57 0.53 2.45% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 40000 (Open Interest: 3678900) Max OI (Puts) 36000 (Open Interest: 2111375) PCR 0.51 (PCR is in highly oversold zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Long Buildup, OTM:Short covering, ITM:Short covering, FAR OTM:Long Buildup Shall we continue to look for sell on rise opportunities ????? Yes, I think so. What do you think? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity ????? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTYLong
by manishmgupta
Bank Nifty Levels & Strategy for 28/Sep/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 closed in red below 50 DMA. Bank Nifty is also in oversold category. US market has already corrected more than 20%. Has US market entered bear phase or we will seeing reversal from these levels ????? Today, US market is trading in mild green. BANK NIFTY SCORECARD DATED 27/SEP/2022 BANK NIFTY IS DOWN BY -257 POINTS Name Price Previous Day Change % Change Bank Nifty 38359 38616 -257.10 -0.67% India VIX 21.57 21.89 -0.33 -1.48% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 4419325) Max OI (Puts) 38000 (Open Interest: 2227075) PCR 0.51 (PCR is in highly oversold zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Shall we continue to look for sell on rise opportunities ????? Yes, I think so. What do you think? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity ????? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta