BANKNIFTY ANALYSIS FOR MONDAY 3RD JULY -FOR EDUCATION PURPOSEBANKNIFTY ANALYSIS FOR MONDAY 3RD JULY -FOR EDUCATION PURPOSE
BANK NIFTY:-
MONTHLY:-
If BankNifty sustain the level of 45000 ,then 46500 highest level can be achieved.
If BankNifty break down 44500 spend time below then 43800-42700
WEEKLY:-
If BankNifty sustain the level of 44750 then 45200-45500 level can be achieved.
If BankNifty break down 44750 spend time below then 44200-44000
DAILY:-
If BankNifty sustain the level of 44700 ,then 44850-45000-45050.
If BankNifty break down 44700 spend time below then 44650-44550-44450-44350
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
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Bankniftyprediction
BANKNIFTY--Will Touch ATH ??Observations::
The Banknifty index is showing selling pressure in ths zone @43900 level...
but failed to take the price below yesterday's supply zone @43700 levels.
until price breaks this level and retest don't think of short again...
False breakdown may also happens....don't go for short until price breaks 43600 level. It may again reverse...
if we see the chart, price respect the demand zone @43400 and will again moving upwards...
on top we have strong resistance levels @44100-44200 level...
if price consolidates between these 2 levels and will gives us breakout...
if price consolidates between 44100-44200 level and moves upward..
we have strong fall area 44350 level,may push the price downwards again but area of value @44100-44200 will again push the price upside...
so consider it as a pullback to 44100-44200 level.
Again price is also near its trendline breakout...
BANKNIFTY Analysis for 30 June 2023On the daily timeframe, the market has formed a halt candle at the all-time high. Given that on Wednesday it opened with a gap up but couldn't sustain the upward momentum and became volatile, it is likely that a retest may occur. This could result in a sideways movement or a slight negative trend.
On the hourly chart, the price didn't close above or below the first-hour candle, indicating indecision and lack of a clear direction. On the 15-minute chart, there's a trendline originating from below, suggesting a potential support level.
The key levels to watch are 44513 as resistance and 44337, 44191, and 44041 as support.
Notably, the 44000 level has a significant amount of call writing at 62L, and the 44300 level has a substantial straddle of 43L and 49L. Additionally, there is a considerable amount of put selling on the 44200 level at 52L. The 44500 level also has a decent amount of call writing at 43L.
Analyzing the options data, it seems mixed. The PCR of 1.33 reading indicates a bearish sentiment. FII have Calls of long position of 5.13L and a short position of 2.54L, while puts have a long position of 6.06L and a short position of 4.2L. The mixed data suggests uncertainty in market sentiment.
Considering the overall data and chart analysis, the market appears to be in a sideways phase. However, if it breaks above or below the current range, options buying can be considered accordingly. If no breakout occurs, it might be best to refrain from taking any trades.
In conclusion, based on the provided information, it seems prudent to avoid taking a trade tomorrow, as the market shows mixed signals in the options and futures data, while the stock data appears positive.
26 JUNE 2023 EXPIRY DAY BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Above 43900 -44000 and taking Support from 43900 then open target for T1-44200,T2-44300,T3-44500
If the Banknifty Gap-Down opening sustain Below 43200 and taking resistance below 43200 then the open Targets for T1-43000,T2-42800,T3-42700
Major Levels 43400,44000,43800
If the market stande in this area of 43200 to 43800, then it is possible that even today the market will remain in the range.
banknifty daily analysis26 JUNE ANALYSIS:
Banknifty
side: if market give downside breakout after consolidation then sell(PS-100%) T1=43440
gapup: wait for price-action and buy if market goes above 43800(PS-50%)
sell if breakdown happen lower side (PS-30%)
gapdown: if market opens gapdown than sell after further price-action (PS-100%)
Fall Together from ATHObservations:: NSE:NIFTY and NSE:BANKNIFTY
If we see the Nifty trending upwards....
If we see Bank nifty Trending downwards.....
These 2 indexes are behaving differently....
Bank nifty broken the ATH in the last month only....
Nifty if break today...will say that it will also break ATH...
Bank nifty index Price after broken ATH Reversal again and fall happens.
If today nifty also break ATH, then it may also reversal...
we may expect price fall like happens in bank nifty.
the price is also at its ATH, near its trendline Break...price may break trendline as well.
Before Going to Break ATH, price is in consolidation happens in Bank nifty.
In Nifty after Breaking ATH, will coming below may again consolidates....like happens in
Bank nifty.
consolidation may Happens here...or
Note::
Nifty is Near ATH, and If today Bank nifty will also come back to near its ATH,
then Both will fall together.
Lets See What Happens...If this post is Helpful...like it. Thank you
22 JUNE 2023 EXPIRY DAY BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Above 43900 -44000 and taking Support from 43900 then open target for T1-44200,T2-44300,T3-44500
If the Banknifty after a Gap-Down opening sustain Below 43500 and taking resistance below 43500 then the open Targets for T1-43300,T2-43200,T3-43000
Major Levels 43500,44000,43900
If the market stande in this area of 43500 to 40000, then it is possible that even today the market will remain in the range.
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BANKNIFTY--44300 or 43400 ??Observations::
The Banknifty index has again strongly moved back up again from 43400 levels.
It has broken the supply zone @43700 levels..
tomorrow if the same level acts as support price is bullish and will reach again top side.
If price wants to test the supply @44300 level, it has to break the 44100 and 44200 levels.
these 2 levels are stronger so, we can observe a consolidation in these 2 levels,
and breaks upside and then fall back to below levels.
if price wants to consolidate we need a strong break to upside from 43900 levels...
it has to create a demand zone in this zone @43900.
If price falls below 43700 and from 43500 will gives pullback then will go for short.
Note::
if price is stuck between the levels,43900 to 44200 levels, weekly expiry is ranging.
BANKNIFTY--Rise or Fall ??Observations:: ((This part continuation to Consolidation + Down = Up))
---After a strong consolidation + downside = Upward Is Done.
--->> The Base is again acting as a resistance so price fall is done.
---->>now price is nearly at its demand zone,43400 if this zone breaks or not??
the possibility of breaking this zone is more until price is below 43700 range.
that is the range previously a strong rise is observed...its clear demand zone.
today price broken the demand zone and retested the same zone and closes below that zone.
if this same zone acts as resistance price can easily breaks this bottom demand @43400.
But before breaking this zone, we will observe a consolidation or strong fall is going to happen below these zones.
from the last 3 days a trending market is observed, no sign of range is observed.
if Demand zone @43400 will resist below and @43700 demand acts as supply will resist above we will observe a ranging market again.
if price strongly break this zone @43400, we have a next strong zone @43100-43000 is possible.
in the middle 43300 will gives us pullback. Will see what happens tomorrow in the live.
BANKNIFTY/NIFTY ANALYSIS FOR TUESDAY 20TH JUNE-FOR EDUCATION PURBANKNIFTY/NIFTY ANALYSIS FOR TUESDAY 20TH JUNE-FOR EDUCATION PURPOSE
BANK NIFTY:-
If BankNifty sustain the level of 43650 break 43750,then 43850-43950-44050 level can be achieved.
If BankNifty break down 43650 and break 43550 spend time below then 43450-43350-43250
NIFTY:-
If Nifty sustain the level of 18750 and break 18875 then 18800-18825-18850 level can be achieved.
If Nifty break down 18750 and break 18725 then 18700-18675-18650-18600.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
#stockmarkets
#nifty
#tommorrowMarketPrediction
#nifty50
#nfityoutlookfornextweek
#bankniftyoutlookfornext week
#bankniftyoutlookfortommorrow
#niftyforecast
#bankniftyforecast
#niftyshareprice
#bankniftyshareprice
#tommorrowniftyprediction
#tommorrobankniftypredicton
#niftytargettommorrow
#bankniftytargettommorrow
#bankniftylive
#banknifty
#bankniftyoptions
#bankniftystrategies
#bankniftyfuture
#bankniftyoptionstrategy
#bankniftycalls
#bankniftyintraday
#bankniftylivetrading
#bankniftyweeklyexpiry
#bankniftycrash
#bankniftytomorrow
#bankniftypredictions
#bankniftychart
#bankniftytips
#bankniftypremium
#bankniftyoptions
#bankniftyfuture
#bankniftytomorrowprediction
#bankniftyoption
#niftyweeklyexpiry
#derivaties
#derivative
#stockmarketinindia
#nse
#bse
#trader
#traders
#derivativetrading
#VIJAYANJUM
BANKNIFTY--Consolidation + Down = Up ??Observations::
---->> A strong bullish momentum is observed from this zone...43400 level...
---->> To reach this zone 43400 level from resistance price is approching with strong consolidation.
---->>if this zone again acts as support,will be on buy side until the Base low 43900, Base High 44200 only.
---->> Drop-Base-Drop formation is observed.
---->>If the base resist the price, to go upside...will again observe a fall below 43400 levels...
BANKNIFTY--Gap Down or Gap Up ??observations::
After a strong fall price is in consolidation,
price is in a range more than two days and today witnessed a pullback is observed...
If it is a pullback, tomorrow we will observe a bearishness again....
If we see still the strong supply zone is located at 44300 levels..
If tomorrow price opens gap up and showing bullish pressure will be on buyside until 44300-44350 levels
if the supply zone @44200-44160 range acts as support price will again touch ATH.
If price opens, Gap down, we will look at 43700 area for buy side.. where previously gap up is observed
If price is showing strong bullish pressure @ this level will go for buy on pullback.
After Gap down, no buying pressure and again showing consolidation...
will be on sell side for targets of 43400 levels.
and we will look for buyside at 43400 levels.
If price again Strong bullish from bullish gap levels...and moving above levels..
will be on buyside until the supply zone..@44300-44350.
BANKNIFTY--Retest or Fall ??Observations::
Price has broken the trendline...strongly
now we have to see it will continue to drop or will retest the trendline...
if we see the chart,
trendline retest if possible test area is 44200 or strong fall area @44350 level.
If we see on bottom side...strong reversal is observed with gap @43700 and is still not at finished.
if price fall continue we can observe this gap be finsihed soon.
if Price is going to test the supply zone @44350 to fall again
If tomorrow price is range between 44000 and 44160 levels and goes up look for sell.@ Supply Zone.
09/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Up
After A Gap-Up opening if Banknifty sustain Above 44500 and taking Support from 44500 then open target for T1-44600,T2-44700,T3-44800
If the Banknifty after a Gap-Up opening sustain Below 439000 and taking resistance below 439000 then the open Targets for T1-43800,T2-43700,T3-43600
Major Levels 44000,44300,44200
If the market stande in this area of 44500 to 40000, then it is possible that even today the market will remain in the range.
BANKNIFTY--Bullish Gap or Bearish Gap??observations::
We have resistance in the range 44270-44255,
if failed to resistance price will reach 44340-44310 range.
we will observe some consolidation in this area 44250-44360 range.
we have support @44150-44140 range ,if failed will go for short.
we have bearish gap @44450 range...
if price breaks the resistance @above zones.. will observe gap may fill...
we have bullish gap left @43880-43900 range.. will again push the price to higher levels.
BANKNIFTY AnalysisObservations::
----->>Look BANKNIFTY yesterday taken the support from trendline and showing bullishness.
the price is completely trading in a range of previous day bearish candle.
If this continue to move upside will observe a bearish gap be filled.
If price breaks the trendline, we have strong support @ 43400 level, may again push the price upside.
Keep watch this level.
Sell Plan::
If price breaks the low @43700 level, and gives us pull back will go for short until 43400 levels.
Buy Plan::
If price breaks yesterday high, we have an immediate resistance @44200 range,
which is difficult to enter for long, until this breaks.
If price breaks this range and gives us pullback will enter long, for target of bearish gap.
If we use Fibonacci levels, if we draw it from previous low to high,
which is exactly @ 0.6-0.5 range only.
still the price is in uptrend only,
no sign of bearishness. will be on buyside from 43400 level, until it breaks.
If price is again consolidation at 43700-43400, price have a chance of breaking downwards,
wait until it breaks strongly.
If price not break this level, enter for long on retracement.
draw trendline on the opposite side as well, then only look for buyside confirmation.
BANKNIFTY--which is Support Trendline or Demand Zone ??Observations::
Price is exactly closed near the trendline...
if trendline acts as a support we will observe bullishness again...
if price breaks the trendline and takes the help of demand zone to move up again.
We have a demand zone 43400,which is a strong demand may acts as support again.
keep watch these 2 Levels.....
1.Trendline Support or
2.Demand Zone Support.