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.
Bankniftyoptions
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)
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.
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
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.
12/10/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEGood Morning Guys,
Today's Major zone 38500 (10 Oct. Low) . if banknifty break the level and sustain the below open target is 38200.
. If not sustain it will moving around 38800-39000. its means moving in a range
Tomorrow banknifty predictions We expected some more sell in tommorow market.
Sell Banknifty below/once it come 38806
Target 38698 38615 38546 38445
Sl 38870
Buy banknifty above 38881
Target 39032 39158 39215
Sl 38810
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.
11/10/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONE Good Morning to everyone,
As you know yesterday was Global market closed . So today the day will be short, it means that there can be a small range in the market.
1.So Guys, if the bank is staying above 39000 level by breaking T2 Trend line today, then you can open the target till 39200-39400
2. If banknifty breaking T1 trend line and sustain below 38900 then you can open the target till 38800-38600 level.
Tomorrow banknifty levels Buy banknifty above 39201
Target 39332 39490(major resistance) 39601
Sl 39035
Sell Banknifty below 39030
38950 38809 38702 38552
Sl 39200
We can expect that the tomorrow seller areore active In market and we see some selling after the opening session!!
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!
10/10/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEAs per global Market . Banknifty will be open with big gap up. So guys todays major resistance 38400 level . if today break the level.it will go down day . So mark the chart
Bank Nifty Strategy for 7th Oct 2022Bank Nifty Strategy for 7th Oct 2022
39345 above going long for 39763 39892 40308 40429 40540;
39285 below going short for 39050 38811 38700 38444.
Banknifty daily analysis 07/10/22Banknifty on the daily time frame has formed a grave stone doji and took support from its 20 ema.
The market has closed almost flat and closed just near the low.
On the hourly time frame, market has taken support from 200 ema.
The market has closed below 20 ema on 15 minute time frame.
Support :- 39130, 38960, 38780
Resistance :- 39390, 39510, 40000(round number)
Wait the price action near the levels before trading the market.
Bank Nifty Strategy for 6th Oct 2022Bank Nifty Strategy for 6th Oct 2022
39115 above going long for 39337 39763 40308;
39040 below going short for 38700 38444 38092
