Bankniftytrading
Tommorow Banknifty level For our side tommorow will be slightly bullish or in buying mode after the opening.
Buy banknifty above 39651
Target 39821 39893 40000(not possible)
Sl 39441
Sell Banknifty below 39417
Target 39327 39278(major support) 39193
Sl 39640
If Market open at gap down thn buy after the breakout of opening.
Tomorrow banknifty levels Sell Banknifty below 41150
Target 40950 40824 40680
Sl 41320
Buy banknifty above 41529
Target 41628 41848 42000
Sl 41135.
Now our view in banknifty and nifty was bearish. Today market stuck in range tomorrow we see a great movement in it after the break out. So buy or sell according to the breakout
BankNifty Trade setup Idea for 15 September, 2022A massive move by Banknifty yesterday.
Today, I expect the market to move sideways or have some volatility within the 41700-41000 range. Considering, today is weekly expiry, lot of people might square off their position or take new position.
I would go long with 100% position only if the BN tests 41500 level. All the people who have shorted Calls at 41500 levels would run for cover moving the price higher.
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.
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!