Correction in Bank nifty ??The index is moving in a HH pattern and in coming days we may see a good upside move till we are above 42500.
Bankniftytrading
Preparing to hit 44k !! must Comment your view.Do share your views, ........................................................
25/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
May be today's market going to open flat
After opening flat, the market can move up by taking support around 43000-42900.
If support is taken near 43000 then target can be opened 43300 43400
If banknifty breaks 42900 then we can open target till 42650 on the downside
Major level 42900 , 43000
Tomorrow banknifty levels We can see a very good breakout of trend which banknifty follow from last 4-5 days with great buying..
And nifty also break the strong resistance and made a good high with breakout of its trend. For our side we can see a good buying in both index .
Buy banknifty above 43000
Target 43163 43250 43500
Sl 42980
Sell Banknifty below 42980
Target 42855 42741 42669
Sl 43000
all time high....the chart speaks for itself. keep maintaining your 1/2RRR.
we are in a bullish market but I still remember markets when
ALL IS WELL TIME TO SELL.
my bias I will keep neutral we may can see some consolidation since we already witness a trending day today.
Pin Point Predictions Of bank Nifty For 25-11-22Hello Traders,
This posted charts shows the predictions of price action happened today. For more details you can check below. What is going to happen tomorrow is also explained in detail. You would find easy in your trading if implement this information.
Yogesh Vats
24/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
Gap market is about to open even today, just have to see how big it is getting
A good retracement can be seen today after gap up
If today market sustains by opening above yesterday's HH then open target for 43000-43200
And if the gap opens and breaks the low of 15 minutes, then it can go towards retracement, then open target 42500.
Pin Point Prediction Of Bank Nifty For 24-11-22Hello Traders,
Three days back this marking of bank nifty shared for trades. You can see how exact information was shared , price action on these levels speaks itself. To know more details check below. This way you will find your trading easy and well informed before any move.
Yogesh vats
23/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
As per data market will open with gap up.
As of now 42200 seems to be a major support and till the time the market stays above it we will keep positive view
If the market sustains above 42500 by opening gap today, then you can open 42800 talk target.
If today the market remains below 42500, then a range day can be seen today.
Major resistance 42000,42200,42500
Bank Nifty Level & Strategy for 23/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
Bank Nifty continued to trade in small range. Big players have significantly reduced their long as well as short positions. F&O action - new longs & short covering in calls & put writing (ATM/OTM, ITM) is indicating strength in Bank Nifty. Overall, Bulls Vs Bears positions with positive bias are pretty much balanced with highest OI in CE & PE at 42500. However, we should continue to book profit at higher level.
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 22/NOV/2022
BANK NIFTY IS UP BY 111 POINTS
Name Price Previous Day Change % Change
Bank Nifty 42457 42347 110.50 0.26%
India VIX 13.84 14.80 -0.95 -6.45%
OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA
Max OI (Calls) 42500 (Open Interest: 3873475, CE LTP: 157.55)
Max OI (Puts) 42500 (Open Interest: 2449875, PE LTP: 150)
PCR 1.07 (PCR is in sideways to mild bullish zone)
Bank Nifty Calls:
ATM: Long Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Long Liquidation
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
bank nifty simplified analysisHere we will just follow a S&R Strategy with a SL. No Holding overnight book your Profit or take SL. Thanks
21/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys ,
Good Morning Everyone
According to the data, 42350 - 42400 level is visible as a major support.
If gap down opens and breaks 42350 level, then the next level will be from 42100 to 42000.
And another thing is today market opens below 42350 and breaks last day high by making 42350 as support, then open target for 42800
Pin Point Predictions Of Bank Nifty For 21-11-22Hello Traders,
This chart shows the price action on marked level shared one day back with written predictions. For more details to make your next day trading easy check below. A initiative to make you feel stress free in price action .
Yogesh vats
18/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys ,
Good Morning Everyone,
This week the market has been completely silent. And yesterday also as it was said that 42400
Above all, plan for buying. If you look at the market of the past, still the progress of selling is not visible. Right now we have two ways.
*Mark this week's high and low and wait for breakout and break down, then take entry
*Scalping the other way target 200 points like we did yesterday in our paid group
* Major level 42400,42600,
Bank Nifty Levels & Strategy for 18/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
Bank Nifty has again hit new lifetime high. Big players are managing index at higher levels and profit booking is going on in stock & also at higher level in indices. Big players have turned neutral and option writers are making good money. Option buyers should stay away and get into trade only when volatility rises and market picks-up the momentum.
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 17/NOV/2022
BANK NIFTY IS DOWN BY -77 POINTS
Name Price Previous Day Change % Change
Bank Nifty 42458 42535 -77.25 -0.18%
India VIX 14.88 15.10 -0.22 -1.47%
OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA
Max OI (Calls) 42500 (Open Interest: 1760750, CE LTP: 335.05)
Max OI (Puts) 42000 (Open Interest: 1675700, PE LTP: 163)
PCR 1 (PCR is in sideways zone )
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
Banknifty for 18 November 2022Banknifty Opens with a gap on the downside @ 42399 vs the previous close @ 42535.
It fills the gap in the first hour of the trading sessions, though did not sustain the highs and moved lower and closed near the day's low.
Candle: Shooting star, inside candle
View: Positive
Might open gap up tomorrow
Immediate support @ 42000- 42100
Immediate Resistance @ 42622
CMP: 42426
Pin Point Predictions Of Bank Nifty For 18-11-22 Hello Traders,
This charts shows the predictions for bank nifty in form of marked levels for today's trading. For detailed prediction in form of entry and exit can be seen below. Hope all my predictions will make your trading easy.
17/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
As per data Today it seems that big movie is not going to remain in the market.
If banknifty breaks 42400 with small gap down then you can make seiling plan target open for 42300 to 42150
If the bullishness sustains above the last day low , then you can plan to buy, target above 42400, 42600 to 42800.
Tomorrow banknifty levels Sell Banknifty below 42442
Target 42343 422240 42133
We can't expect Banknifty can made new high on tomorrow.. but if it break 42610 go with it big buying was come above it ...
16/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
As per data banknifty showing positive now we have some option to trade.
* If the bond price stays between 42350 and 42000, it may stay in a range today.
* If it breaks, sellers will dominate and the gap may get filled
*Major level 42500 , 42200, 42000
Trend is your friend. follow the price and rest is historywe may can see an uptrend or downtrend tomorrow since it's a tight-range breakout. let's
keep it simple folks if the market open a gap up then tries to find a way to sell. if the market opens a gap down try to find an opportunity to buy.
in a hope of trending market just dont forget to maintain your RRR. the only holy grail of the market.
15/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
As per last two days data Banknifty moving in a range between 350 points(42200 - 42000) . Now we have two option for trade.
* If banknifty break last two days low then may be banknifty fill the gap that was approximately 350 points (41650 level)
* Either banknifty sustain above 11th Nov high then open level for 42500
* Major level 42200 - 42000 if banknifty play in this range avoide todays trade
BANKNIFTY Intraday/Day/Swing SetupFor the past consecutive days, BANKNIFTY remains bullish with HTF order flow being bullish. Focusing on the order flow, I have a setup that I am interested in executing to capture fancy points if the price falls in any of the criteria.
