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Bankniftytrading

BankNifty Trade setup Idea for 14 September, 2022Based on the global data, the market is expected to gap down massively. Since SGX nifty shows a 300 point drop, I expect the market to open around the 40000 levels and hold that range. There might be some volatility in that range. Since FII is still buying, I wouldnt be so worried. This is infact a healty correction, considering the contineous green candles for the last couple of days. My plan: I would wait for the first 15 mins candle to close and then take a call based on that to show me the direction. The first 5 minutes is going to be crazy where the retail investors get into a panic and could start selling.
NSE:BANKNIFTY
by GenkeiFutura
Bank Nifty Levels & Strategy for 14/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. 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 your own skills and please do consult your financial advisor before trading. BANK NIFTY Bank Nifty is up again by 299 points. Bank Nifty has closed 3rd time in a row at new lifetime weekly high. Bulls have really performed well amid several global issues. Everything was going good for bulls, but today’s higher US inflation data is likely to put a break in sharp bear market rally. Bears are all set to take over. Market is going to give opportunities to those who missed to buy during the rally/clear the bleeding short positions. Highest open interest on call side at 41000 (Shifted up from 40500 to 41000) Highest open interest on put side at 40000 (Shifted down from 40500 to 40000) NIFTY Nifty is up again by 134 points. Today, Nifty has broken the 18K wall of highest open interest, but strength was clearly missing after initial breakout. PCR is further up from 1.02 (sideways zone) to 1.32 ( bullish zone). Bears are all set to bring down Nifty below 18K after blood bath in US market based on US inflation data and fear of jumbo rate hike in near future. Highest open interest on call side at 18500 (Shifted up from 18000 to 18500) Highest open interest on put side at 17900 (Shifted up from 17900 to 18000) Shall we start looking for sell on rise opportunity amid global issues till US Fed hike in near future near major resistance level with strict stoploss? Or Shall we look for buy on dips opportunity after decent correction? What do you think? PLEASE MAKE A NOTE THAT TOMORROW MORNING, WE WILL SEE THE SHARP REACTION OF US INFLATION DATA. Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTYShort
by manishmgupta
BankNifty Trade setup Idea for 13-september-2022BankNifty was trading in a range yesterday between 40680 and 40520 levels. There was not much of a trade for options buyers(unless you were a scalper). Today there could be a break out or break down from this range. My Plan: - If the market opens flat(40600 levels) or gaps up, then I would would go long once it crosses 40700 levels. - If the market opens flat or gaps down, then I would go short in intraday once it crosses 40500 levels. - If there is a big gap down, then there would be panic in the market, which could bring the market down further.
NSE:BANKNIFTY
by GenkeiFutura
BankNifty Trade setup idea for 12-september-2022Since Friday had a big gapup, and sellers were activated to bring the price lower. Sellers might get activated today as well. For BN to be bullish, the price should hover around 40300 levels or above. - If the price goes lower than 40300, then sellers would get activated again. We could see them pulling the price down to 40000 levels. - If the price doesnt break the 40300 levels, then we could see a volatile market. - If there is a gapup, then the price wont sustain at that level, since the sellers would get activated. If BN needs to move up to new high and sustain there I would prefer it to hover around these levels for this week before it moves higher.
NSE:BANKNIFTY
by GenkeiFutura
Bank Nifty Levels & Strategy for 09/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. BANK NIFTY Bank Nifty is up by 753 points. Extra ordinary performance by bulls lifted up Bank Nifty beyond the major resistance zone . It will be interesting to watch whether breakout will sustain amid global issues and after ECB hike by 75 to 100 basis points today or it will get back into previous trading range. Highest open interest on call side at 41000 (Shifted up from 40000 to 41000) Highest open interest on put side at 39000 (Shifted up from 39000 to 39500) NIFTY Nifty is up by 174 points. Steller performance by Nifty . PCR shifted up from 0.92 ( bearish zone) to 1.17 ( bullish zone). Nifty performed beyond expectation and hit all the targets. Option writers also made good money as most of them timely close CE leg and PE writing continued through the trading session. Today we had a very nice trending day and retail traders could make good money based on their huge overnight buy position in F&O contracts. Support Zone in Nifty is shifted up. Resistance Levels became New Support Levels. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17500 (Shifted up from 17000 to 17500) Will Break out in Nifty sustain amid global issues? Is Nifty getting ready to touch new life time high ? Shall we continue look for buy on dips opportunities near major support levels? My view is neutral with positive bias. However let us see how global markets reacts overnight after ECB hike by 75 to 100 basis points. Please do review & analyze EOD closing data for preparing tomorrow's trade plans. Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
Banknifty daily analysis for 09/09/22Banknifty has finally crossed and sustained above the level of 40k. Index remained in a bullish momentum and gave a nice bullish marubozu candle. On the hourly time frame, it remained bullish whole day and crossed upto the level of 40200. The market travelled nicely, and remained in a parallel channel whole day. Banknifty seems to carry on the bullish mode and give nice bullish momentum even for tomorrow. Support :- 40055, 39850, 39600 Resistance :- 40250, 40840, 41000 Wait for the markets to take out today's high and price action near the levels.
NSE:BANKNIFTY
by Mambotrade
BankNifty Trade setup Idea for 8-September-2022Banknifty is not looking as strong as Nifty. These are the 4 possible scenarios. 1. Gapup - there might be some volatility around 39700 range and then it might move up. 2. Gapdown - there might be some volatililty around the 39300 levels and then move down. 3. if the stock opens at the same levels and moves down, the price might halt at around 39300 levels and then move down. 4. If the stock opens at the same levels and then moves up, the price might halt around 39700 levels till 12:30 then might move up.. Looking at the global index, the market might gapup.
NSE:BANKNIFTYLong
by GenkeiFutura
BankNifty Trade Setup Idea 5-9-2022 BankNifty has closed strong last week. Banknifty and Nifty look bullish in the weekly chart. Based on the current condition, we are looking at the following: 1. If a 15 minutes candle closes below 39000, we can go short. 39000 is an important level. FOr this level to break, the price needs to first break the trend line around 39300 levels 2. If a 5 minutes candle closes above 39500, we can go long with a short term target around 39650 - 38700 levels. If the price moves beyond that, then Banknifty could easily go to 40000. Note: the resistance at 39550 is not so strong since it has already been tested twice.
NSE:BANKNIFTYLong
by GenkeiFutura
BankNifty Trade setup Idea for 1 September, 2022Banknifty closed suuuper bullish on 30th August. Which brings the following possibilities. 1. The market opens with a gapup, say 300-400 points higher. On which case, we could see some profit booking immediately and then there could be a consolidation. 2. Market opens between 39400-39550 levels, the market could build momentum and push higher to about 39900 levels and then consolidate in that range. 3. Market gaps down, say to 39200 level, which could cause a panic and cause continued selling, causing the market to reach 38800-38900 levels.
NSE:BANKNIFTY
by GenkeiFutura
Bank Nifty Level for 26/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. BANK NIFTY Bank Nifty is down by -88 points. Bank Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted down from 1.08 to 0.66 which is now back in bearish zone. Highest open interest on call side at 39500 (Shifted down from 40000 to 39500) Highest open interest on put side at 39000 (Shifted up from 38000 to 39000) – BULLS GOT TRAPPED NIFTY Nifty is down by -82.5 points. Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted below from 0.84 to 0.76 which is still in bearish zone. Highest open interest on call side at 18500 (Shifted up from 18000 to 18500) Highest open interest on put side at 17000 (Remained same at 17000) Shall we expect trending market tomorrow after Jackson Hole meeting outcome? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta