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Bank Nifty Levels for 17/08/2022Dear 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 above 20 & 50 EMA and VWAP level. Bank Nifty has shown strength and trying to move in upward direction. PCR (1.04) is in sideways to mild bullish zone. FIIs continue with buying of 2429.6 Crores and DIIs are slowly doing profit booking with selling of -136.2 Crores. Proprietary & retail traders are heavily short in Index and Future contracts. God saves retail traders. Bank Nifty highest open interest on call side at 40000 Bank Nifty highest open interest on put side at 39000 Overall uptrend looks intact. Shall we continue to look for short straddle/strangle ? Buy on dips opportunities ? PLEASE TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP. Have a happy, healthy & profitable day ahead!
NSE:BANKNIFTY1!
by manishmgupta
Bank NIfty Levels for 16/08/2022Dear 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 FIIs continued with strong buying in CASH & F&O of Rs 7405.5 Crores. US market also performed really well on Friday. Let us see the US market performance tonight. Bank Nifty is now just 6.66% away from all time/52 week high. ICICI Bank performed exceptionally well and made new life time high. BN's highest open interest in call as well put is at 39000. PCR is still in buying zone. Overall, all positive & negatives are factored in. All overnight positions must be hedged to handle gap-up & gap-down. Shall we expect a profit booking & and offer us buy on dips opportunities or market will continue with bull run? Shall bulls/specially retail investors should slow down to avoid getting into bulls trap?
NSE:BANKNIFTY1!
by manishmgupta
2
Bank Nifty Future Levels for 12/08/2022Dear 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 is quickly approaching Strong Resistance Zone. All positives are already factored in. Shall we wait for decent dip for buying anymore to avoid bulls trap?
NSE:BANKNIFTY1!
by manishmgupta
Bank Nifty Levels for 11/08/2022Dear 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 Inverse Head & Shoulder Breakout in Bank Nifty Future. Bullish divergence in RSI is also observed. Bank Nifty trading above VWAP & all important moving averages. US market trading firmly. Tomorrow morning possibility of gap-up in Bank Nifty is very high. Bulls should be cautioned at higher levels. Let us see whether profit booking is going to drag down Bank Nifty then Bulls will lift it further up. Is buy on dips likely to continue tomorrow as well?
NSE:BANKNIFTY1!
by manishmgupta
Bank Nifty Levels for 10/08/2022Dear 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 is looking bullish with strong buying support at all levels. Bank Nifty closed above 20, 50, 100 EMAs & VWAP. Bears are trapped in strong rally. However, Bank Nifty has given fair chances to bears as well. Is buy on dips going to be better strategy till Bank Nifty trades above these important moving averages?
NSE:BANKNIFTY1!
by manishmgupta
Bank Nifty Future Levels for 08/Aug/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 remained volatile and closed in green with max OI on call side at 38500 and max oi on put side at 37000. PCR is in bearish zone. However, long buildup observed in ATM call option, Short buidup in OTM and short covering in ITM. Heavy put writing was also observed. FII were net buyer on Friday. Nasdaq closed in Red (-100). China-Taiwan matter is getting heatup. Is any dip going to be buying opportunity for long term investors?
NSE:BANKNIFTY1!
by manishmgupta
Reverse Cup & Handle Pattern forming in Bank Nifty Future ChartDear 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 Reverse Cup & Handle Pattern forming in Bank Nifty on 15m chart. RBI has increased the repo rate by 0.50% which is more than market expectation of 0.35%. Sooner or later, we should the impact in Bank Nifty as higher repo rate will in turn suck liquidity from the banking system.
NSE:BANKNIFTY1!
by manishmgupta
Bank Nifty Future Levels for 05/08/2022Dear 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 is looking weak ahead of RBI's meeting in India. Heavy call writing is done today for 11/Aug next week expiry. Put side: Long buildup with hedge for next week expiry. Overall derivative data turned from bullish to bearish within a day. Buying volumes are low. Pull back were immediately sold today. Bears are trying hard to take over the control back. Shall we look for sell on rise strategy for tomorrow? RBI's policy and USA expiry data will be very important for tomorrow's direction.
NSE:BANKNIFTY1!
by manishmgupta
Is Bank Nifty looking weak ahead of RBI's meeting outcome 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 Earlier, Head & Shoulder pattern really worked well. Is Bank Nifty looking weak ahead of RBI's meeting outcome/hike? India VIX has jumped up more than 7.6% and close to 20% in last 3-4 days. Chinese army started drill which is also making market nervous. Volumes are low on buying side. Bounces are getting sold immediately. Is Bank Nifty continue to fall?
NSE:BANKNIFTY1!
by manishmgupta
Bank Nifty Head & Shoulder Pattern formation on 15M ChartDear 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 Head & Shoulder Pattern formation on 15M Chart. My view is cautious in Bank Nifty. Today's gap up was sold, bulls got trapped in first half. Bears are trying hard to regain the control. Let us see how it goes in next few hours. Is it a good time to book profit in short positions or Bank Nifty will continue to fall today?
NSE:BANKNIFTY1!
by manishmgupta
Bank Nifty levels for 04/08/2022Dear 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 Will market ignore the ongoing global issues and continue to move up? or Soon, relief rally is going to end. Who will be trapped? Bulls or Bears
NSE:BANKNIFTY1!
by manishmgupta
Bank Nifty Index Future - Formation of Head & Shoulder PatternDear 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 Index Future - Formation of Head & Shoulder Pattern is a reflection of global issues. China hits Taiwan immediately with trade sanctions. Derivative data for Nifty and Bank Nifty are turning negative. Traders are selling on rise. It looks like Bears are trying to grab the control from Bulls. It will be interesting to see Bulls Vs Bears in coming days.
NSE:BANKNIFTY1!
by manishmgupta
Is Bank Nifty Future heading towards 36675 or lower levels?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 Is Bank Nifty Future is going to hit 37675 or lower levels today? Global issues are clearly reflecting on Bank Nifty Future chart. Majority of indices closed in Red and continuing today in Red/Flat only. Shall we buy on dips? Is it a golden opportunity for retail investors?
NSE:BANKNIFTY1!
by manishmgupta
2
Bank Nifty Future Levels for 03/08/2022Dear 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 Selling was intense in last 30 minutes. Consolidation is going on. India VIX has jumped up more than 11% in last two days. We need to be careful at higher levels and utilize profit booking opportunities whenever possible.
NSE:BANKNIFTY1!
by manishmgupta
SBI reached near monthly resistanceDear traders, I have identified 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 EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2. SBI reached near monthly resistance. Is it a good time to book profit? Have I booked profit ? Yes, I booked it today and now I will wait for buying on dips opportunity. Many Thanks, Have a profitable day ahead!
NSE:SBIN1!
by manishmgupta
Bank Nifty Levels for 02/08/2022Dear traders, I have identified Bank Nifty level 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 EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2. Bank Nifty reached in Over bought zone with high put call ratio . Max call writing OI at 38000 and max put writing OI at 37500. Is it a good time to book profit? Please respond with your views. Many thanks
NSE:BANKNIFTY
by manishmgupta
1
Bank Nifty Levels for 02/08/2022Dear traders, I have identified Bank Nifty level 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 EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2. Bank Nifty reached in Over bought zone with high put call ratio. Max call writing OI at 38000 and max put writing OI at 37500. Is it a good time to book profit? Please respond with your views. Many thanks Have a profitable day ahead!
NSE:BANKNIFTY
by manishmgupta