BANK NIFTY ANALYSIS - INTRADAYIf the price takes support @ the marked zone and trade there for a bit of time and
if the price again breaks out of the formed zone @ support, one can consider taking SHORT opportunity.
Because if this analysis goes right, we can see a very good movement downwards with max 30 point SL.
This trade will activate if the market again invite buyers @ support.
Wait for market to create a range near support.
DON'T TAKE FORCE ENTRIES @ BREAKOUTS.
Be patient, and beware, Market can do anything, It doesn't mean we have to be right always.
WE JUST HAVE TO TAKE SMALL RISKS.
HAPPY TRADING.....
Bankniftytrading
BANKNIFTY ANALYSIS for 13th DECEMBER
*On 12 DECEMBER, expected a good fall from supply zone, but buyers remained strong.
*Unless market doesn't trade and sustain above supply zone, consider it's weak.
*Make changes to your trading plan if opened BIG GAPUP/GAPDOWN.
NOTE:
This Idea is according to my understanding of market especially BankNifty.
And do your own analysis, take positions according to your Risk Appetite.
HAPPY TRADING....
13/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap-up is going to open
Open target for 43800 - 44000 if gap-up opens and Banknifty sustains above last day swing area(43600)
And if the Banknifty sustains below the last day swing area(43600) even after the gap-up open, then target for last day low(43350).
Major level 43600,43800,43860
12/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap down is going to open and today will be another short day
If the gap down opens and becomes support on the last day, then today the Banknifty will move in the range of 43400 - 43800.
And if the gap down opens and breaks the trend line with the last low, the Banknifty will move between 43400 - 42900 today.
Major Levels are 43400,43500
09/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the market Gap-up is going to open today.
If today the Banknifty opens the gap and comes down and takes support around 43500, then target 43800-44000 can be opened.
Open target for 43300 - 43200 if 43500 becomes resistance after break the level
Major level 43500,43200,43800
08/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the Market is going to open flat today.
If the Banknifty opens flat and breaks the last day low, then the down side Banknifty can be seen today. You can open the target for 42800 - 42600
If the Banknifty opens flat and sustains above 43200 till the last day which does not break then there will be no chance for entry today
Major Level 43200,43000,42900
Bank Nifty Levels & Strategy for 08/Dec/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: FIIs are super bearish from last 2 days. They are net seller in Dec. Today, market didn't like the RBI policy (specially commentary). Tomorrow's market move will be mainly based on Gujarat election outcome. My strategy will sell on rise with strict SL for tomorrow if I get good trade setup and decent Risk:Reward.
Important events to keep in mind for coming days:
1.Gujrat results on Dec-08.
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 07/DEC/2022
BANK NIFTY IS DOWN BY -40 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43099 43139 -39.85 -0.09%
India VIX 14.08 14.04 0.04 0.25%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43200 (Open Interest: 3452700, CE LTP: 129)
Max OI (Puts) 43000 (Open Interest: 3568500, PE LTP: 84)
PCR 0.68 (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:Long Liquidation
07/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data the market is going to open flat today.
If the Banknifty sustains below yesterday's low by opening flat, then you can open a target of 42800 - 42650.
And if the Banknifty sustains above 43200 by opening flat, then you can open the target at 43500.
43050 to 43200 is a swing zone, you can avoid that area
Major level 43000,43200
06/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today the Banknifty will open small gap down
Open target 42800 - 42600 if Banknifty breaks 43000 today with gap down and sustains below 43000.
After a small gap down if Banknifty take support last day swing area 43150 level . then open target for last day high 43370
Major level 43150,43000
Pin Point prediction Of Bank Nifty For 6-12-22Hello Traders,
This post provides you the levels , I shared for today's trading where every action and reaction price used the se marking. Iy means you had the idea where market is going to take support and resistance. How to trade with these marking a detailed trade plan was discussed, check below. To make your trading easy , I share every day markings and trade plan. Hope you would find it easy to understand .
Yogesh vats
05/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the Banknifty is going to open a small gap today.
Open target for 42700 level if small gap up opens and breaks last day low (42900) by making 43300 resistance.
And if gap down makes last day low as a strong support and breaks 43300, and sustains above, then open target for 43500.
Major level 42900,43300,
Plan your long carefully till index trading below 4327543275 may act as crucial resistance, we had seen multiple profit booking from this range previously and may see some more in coming days. Till index is trading below this level we have a high possibility of correction in market so plan our longs carefully
02/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the Banknifty flat is going to open today.
If the Banknifty opens a small gap down and moves to the upside, making 43200 a support, then the target will be the last day high
And if the Banknifty opens small down and sustains below 15 candles 43200 then opening the target previous day low target
Major level 43500,43200,43000,42800