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Bankniftytrading

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
BankNifty Idea for 25 August, 2022 - Expiry Day Trade SetupSince the Market showed bullish signs yesterday. There are 2 possibilities. Red: If the market opens at the same level or a little lower, then market can hit the break out level before reaching the 39200 levels. The level 39200 is an important level since lot of short covering would happen at that level. Blue: If the market directly moves towards 39200, it might halt there for some time before breaking that level. Once it breaks that level, there is a higher chance we could see lot more short covering. If the market opens with a big gapup of say 39300-39400, then there will be some amount of confusion created in the market. This might lead to BN moving down towards 39200-39250 levels to take support(hover around in that area till 11-11:30) then the market would decide.
NSE:BANKNIFTYLong
by GenkeiFutura
BankNifty Idea for 24 August, 2022 - Trade setupSince the maket opened at 38000 levels yesterday, the sellers make huge profit in 2 days(about 1500 points). They would have wanted to buy a cover causing the market to have a good recovery. Now since the market closed around 38850 levels, I think the market might take a pause today and become volatile in the range of 38800 to 39050, if the market opens at the same level or gaps up by 10-200 points. If the market closes within the same level, then on thursday we might get a good buying opportunity on the up side, leading to a 300-500 point move.
NSE:BANKNIFTYLong
by GenkeiFutura
BankNifty Idea for 24 August, 2022Since the maket opened at 38000 levels yesterday, the sellers make huge profit in 2 days(about 1500 points). They would have wanted to buy a cover causing the market to have a good recovery. Now since the market closed around 38850 levels, I think the market might take a pause today and become volatile in the range of 38800 to 39050, if the market opens at the same level or gaps up by 10-200 points. If the market closes within the same level, then on thursday we might get a good buying opportunity on the up side, leading to a 300-500 point move.
NSE:BANKNIFTYLong
by GenkeiFutura
Bank Nifty Levels for 24/08/2022Dear 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 up by 400 points. Bank Nifty closed above 20 EMA, VWAP level near day’s high. We had a highly volatile day. PCR shifted down from 0.61 to 0.90 which is still in bearish zone. Highest open interest on call side at 40000 (Shifted up from 39500) Highest open interest on put side at 38500 (Shifted up from 37000) FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS: FIIs (Bullish): FII bought in cash market for 563 crores and bought in derivative market contract for 6510 crores (please do continue to read about whether they bought long positions or short positions). FIIs reduced their index & stock future long contracts & added short positions in index & stock future contracts. FIIs took long positions in index call as put contracts & reduced stock call & put contracts. DIIs (Mild Bullish): DII sold in cash for -215.2 Crores. DIIs have slightly added new positions in Index & stock future contracts. Heavily reduced positions in options contracts. PRO (Bearish): Pro traders have added short index & stock future contracts. Reduced option contracts in index & stock call contracts. Added option contacts in index & stock put contracts. CLIENT (Bearish): Retail/HNI added index & stock future contracts. Significantly reduced their index & stock call option contracts. Added index put contacts & reduced stock put long & short contracts. Shall we continue to expect high volatility in next few days? Shall we look for buy on dips or sell on rise opportunities? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
2
Bank Nifty - Shall we expect high volatility in next week ?Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Indix VIX jumped up 5.39% from 17.35 to 18.29. Dow Jones is down 292.3 points and Nasdaq is down by 263 points which is decent correction in a day. US DOLLAR INDEX has gone up to 108 level and weakness in Rupee is certainly not a good sign for Banking sector as a whole. Bank Nifty closed below 20 EMA and VWAP level. We had a highly volatile day. PCR shifted from 1.2 to 0.67 is now in bearish zone. Bank Nifty has wiped out the 3 days of gains within a gap. Selling was quite sharp. Highest open interest on call side at 39500. However call writing increased significantly Highest open interest on put side at 38000. However heavy short covering and OI reduced significantly on put side. FIIs, DIIs & other participants derivative data analysis: FIIs: FIIs have bought in cash & heavily sold all types of derivative contracts on net basis. FIIs change their bullish stance to bearish in no time. Let us see if they will continue to sell or it's just a profit booking DIIs: DIIs have sold in cash but bought 18000 plus future contracts in Index & stocks to partially absorb FIIs selling PRO: Pro traders too bought 14000 plus future contracts in Index & stocks but they have hedged their positions by selling calls & buying puts. RETAIL/HNI: Retail traders as usual created long positions opposite to FIIs, by buying 11700 Index Future contracts, heavy index calls buying 277973 contracts, stocks call buying 40280 contacts and stocks puts selling -58136 contracts. Few smart retail traders sold stock futures 11037 and hedged their contracts. Overall, shall we expect high volatility in coming week? Shall we look for sell on rise opportunities? or Is market is taking few steps back for bigger move towards all time high? PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY TO AVOID GETTING INTO BULLS TRAP IN CASE OF SHARP BOUNCES. Have a happy, healthy & profitable day ahead!
NSE:BANKNIFTYShort
by manishmgupta
Banknifty weekly analysis for 22/08/22Banknifty on the weekly time frame has formed a bearish candle and closed below the crucial round number 39000. On daily time frame, banknifty has formed a bearish engulfing candle and lost around 700 points in a day. The market has started trading below its 20 ema on hourly time frame and closed below the level. A nice price action is formed on 15 minute time frame and market is taking support from 200 ema. Support :- 38900, 38765, 38400 Resistance :- 39140, 39340, 39650 The markets can be volatile. Wait for a price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
Bank Nifty Future Levels for 22/08/2022Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Bank Nifty closed below 20 EMA and VWAP level. We had a highly volatile day. PCR shifted from 1.2 to 0.67 is now in bearish zone. Indix VIX jumped up 5.39% from 17.35 to 18.29. Highest open interest on call side at 39500. However call writing increased significantly Highest open interest on put side at 38000. However heavy short covering and OI reduced significantly on put side. Dow Jones is down 292.3 points and Nasdaq is down by 263 points which is decent correction in a day. Bank Nifty closed the few days of gap within a gap. Selling was quite sharp. FIIs, DIIs & other participants derivative data analysis: FIIs: FIIs have bought in cash & heavily sold all types of derivative contracts on net basis. FIIs change their bullish stance to bearish in no time. Let us see if they will continue to sell or it's just a profit booking DIIs: DIIs have sold in cash but bought 18000 plus future contracts in Index & stocks to partially absorb FIIs selling PRO: Pro traders too bought 14000 plus future contracts in Index & stocks but they have hedged their positions by selling calls & buying puts. RETAIL/HNI: Retail traders as usual created long positions opposite to FIIs, by buying 11700 Index Future contracts, heavy index calls buying 277973 contracts, stocks call buying 40280 contacts and stocks puts selling -58136 contracts. Few smart retail traders sold stock futures 11037 and hedged their contracts. Shall we look for sell on rise opportunities? or Is market is taking few steps back for bigger move towards all time high? PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY TO AVOID GETTING INTO BULLS TRAP IN CASE OF SHARP BOUNCES. Have a happy, healthy & profitable day ahead!
NSE:BANKNIFTY1!Short
by manishmgupta