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Bankniftylevels

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!
NSE:BANKNIFTY
by manishmgupta
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.
NSE:BANKNIFTYLong
by TheStocktrader_Skn
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!
NSE:BANKNIFTY
by manishmgupta
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.
NSE:BANKNIFTY
by TheMamboMomentum
Bank Nifty Levels for 12 oct 2022Good morning 🌞 Have a profitable day 💰👍🏻 Pre-Market Report 12 Oct 2022 SGX NIFTY is indicating a Flat opening 👉 SGX NIFTY is trading at 16964.5 up by 0.14% 👉 US futures are in RED 👉 ASIAN Market is in RED 👉 USDINR at 82.31 In Nifty 17000 PE and 17200 CE have high Open Interest in weekly In Bank Nifty 38500 PE and 39000 CE have high Open Interest in weekly 👉 Asia-Pac Stocks Begin Subdued Following The Choppy Performance And Late Selling Stateside After BoE Governor Bailey Rejected Calls For An Extension To Gilt Purchases Beyond The Friday Deadline; ASX 200 (-0.1%), Nikkei 225 (-0.2%), KOSPI (-0.1%) 👉 STOCKS TO WATCH: DELTA CORP, KIRLOSKAR ELECTRIC, L&T FINANCE, GENESYS INTL, SPANDANA SPHOORTY, SUZLON, TCS, RELIANCE, DLF, GUJARAT PIPAVAV 👉 Stocks Ban In F&O: Delta Corp, Indiabulls Hsg, India Cement My view today 👉 Any gap up will again get correction today, I will look for a selling opportunity.
NSE:BANKNIFTY
by PrathapTrader
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 TheMamboMomentum
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
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