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Bankniftyoutlook

BANKNIFTY LONG LEG DOJI ON MONTHLY TF #BANKNIFTY Strong Reversal candle this week & Long Leg DOJI on Monthly Chart After 3 Consecutive Months Sell-off!! Only a break below 38600 level would mean a change in trend to downward. The price perfectly fulfills my last idea and moved towards the upside and also closes above the 39888+ On weekly Chart. From the support zone of 38600 price moved towards the upside till the 40650+ with a bullish candle and price closes on positive note on weekly chart in the Friday session after 3 Consecutive red candle on weekly chart we closes in big green candle in the last week. Now the price can head towards the 41000-41222 levels to touch the Downward parallel channel and if price go sideways for 1 to 2 days near the upper hand of parallel channel and than breaks the upper parallel channel and level of 41222 and sutain above it than we can see good upside move and targets will be 41800/43000+ In coming trading sessions. If price unable to breaks the upper parallel channel and again respects it and face Resistance than we can again Move towards the downside till the support level . Level of 38500 is support for the Banknifty on monthly chart.
NSE:BANKNIFTYLong
by Jha_Nidhi
BANKNIFTY : 16th Mar14th March : NIFTY broken major support yesterday and after that we seen bears are active full day. As mention earlier it may touch weekly support as already break daily support. Keep eye on it. 15th Mar: Same view & levels for Bank nifty 16th Mar: Same view & levels for Bank nifty Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal trade. First Learn and then remove "L"
NSE:BANKNIFTY
by ChartsSpecialist
BANKNIFTY : View for 15th Mar14th March : NIFTY broken major support yesterday and after that we seen bears are active full day. As mention earlier it may touch weekly support as already break daily support. Keep eye on it. 15th Mar: Same view & levels for Bank nifty Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal trade. First Learn and then remove "L"
NSE:BANKNIFTY
by ChartsSpecialist
Bank Nifty Levels & Strategy for 09/Nov/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 Nifty opened with a gap-up . Immediately profit booking brought it down. Later, Bank Nifty recovered nicely from day's low and closed near day's high. This clearly indicates profit booking at higher levels and buying interest near support levels. Every dip is getting bought from past few weeks and profit booking is obvious near lifetime high. Bank Nifty consolidated nicely at higher levels within 500 points for more than a week. Now, Bank Nifty is all set to touch new lifetime highs. It will be interesting to check whether Bank Nifty will be able to sustain near new lifetime high amid several global issues. Big players are buying in cash & adding bearish positions in F&O. Retail traders needs to trade very carefully near lifetime high and work level by level with strict SL. US market is trading firmly in green. Let us expect another gap-up tomorrow morning. Option (call) writers are doing quite well after gap-up and put writers near major support levels. Big players are enjoying option theta decay. Retails traders must hedge their overnight positions. BANK NIFTY SCORECARD DATED 07/NOV/2022 BANK NIFTY IS UP BY 428 POINTS Name Price Previous Day Change % Change Bank Nifty 41687 41258 428.25 1.04% India VIX 15.59 15.66 -0.07 -0.45% OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA Max OI (Calls) 43000 (Open Interest: 2044175, CE LTP: 5.35) Max OI (Puts) 41500 (Open Interest: 2511950, PE LTP: 135) PCR 1.1 (PCR is in buying Zone) Bank Nifty Calls: ATM: Short covering, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Bank Nifty Trade Setup for 08th Nov. 2021Bank Nifty Trade Setup for 08th Nov. 2021 ================================== Bank nifty is always tricky and more complicated than other scripts. Moves are unexpected Intraday. The Nifty is showing strength, and banking is not. Hard to see a trending day in the nifty bank Index, and the higher chance is that Index can move both sides and be volatile, so be careful. Key Resistance 40,200 Intraday Resistance : 39,750 Intraday Support : 39,500 Key support : 39,300 Trade Accrdingly ! I am not a SEBI Registered Research Analyst, and all the information provided here is for educational purposes. Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:BANKNIFTY
by CodeViser