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Bankniftyview

#banknifty analysisNifty Bank, or Bank Nifty, is an index comprised of the most liquid and large capitalised Indian banking stocks. It provides investors with a benchmark that captures the capital market performance of Indian bank stocks. The index has 12 stocks from the banking sector. The top stocks of the index include HDFC Bank Ltd. 31.61%, ICICI Bank Ltd. 18.20%, Axis Bank Ltd. 13.02%, Kotak Mahindra Bank Ltd. 12.74% and State Bank of India 10.92%. Bank Nifty, like others, is computed using free float market capitalization method. It's index variant includes NIFTY Bank Total Returns Index or Bank NiFty TRI. The index was launched in 2003.
NSE:BANKNIFTY
by baladeva
Banknifty Technical AnalysisBroke the triangle and is ready to do the retest. Once the consolidation level forms within the current market range, we can expect a surge of 400 points. I am taking a risky trade here with an SL of 170 points and a TP of 450 points. If anyone wants to take my trade plan take an affordable risk or wait for the consolidation level forms and break above the consolidation level so that we can be somewhat sure to take the medium risk(after all, this is trading no one can predict 100%). So, take risks accordingly.
NSE:BANKNIFTY1!Long
by i.saikiran471
BANK NIFTY: TommorowNSE:BANKNIFTY A lot of consolidation going on at previous gap region. For the past six days it has not given a close above the gap (41680) or below the gap (41380) Any daily close above or below the mentioned level can take the NSE:BANKNIFTY the much need direction. Though the bias based on price actions on upper side. Till the time NSE:BANKNIFTY gives a direction avoid all positional bets and stick to intraday levels for day trade. NSE:BANKNIFTY Hourly time frame VCP formation. Important to watch out is 41680 which is the upper level mentioned above. The up thrust candles have above average volume, which is a good sign. NSE:BANKNIFTY Intraday immediate support resistance levels are marked here. For more detailed picture check out the below link
NSE:BANKNIFTY
by Vasu_devan
what's the next move ?On hourly charts, Bank nifty consolidate near 41500 to 41700 level. What does it mean. Bank nifty try to break level but there are sellers who holds the level. Also buyers hold strong that market is not going down. That's the result market is in sideways from 5 days. So from next week we could expect some sharp moves only if strong buying or selling happens on key level. So keep an eye on 41000 and 41800 level. Any breakout leads to strong rally. Trade according to your setups. Trade with Stoploss. See you later.
NSE:BANKNIFTY
by tushardbhalshankar
09/02/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning everyone, According to the data today market Small Gap-Down is going to open After A Small Gap-Down opening if Banknifty sustain Above last day high 41700 and taking Support from 41700 then open target for T1-41900,T2-42000,T3-42200 If the Banknifty after a Small Gap-Down opening sustain Below last day low 41400 and and taking resistance below 41400 then the open Targets for T1-41200,T2-41000,T3-398000 Major Levels 41600,41500,41400
NSE:BANKNIFTY
by mr_bull10
Bank Nifty: Multi time frame analysis1) NSE:BANKNIFTY : Daily time frame - Consolidation going on at at the same area where previous consolidation happened. On the first occasion this led 3600 points break down and on the second occasion led to 2400 points up move. One positive aspect is that there are long wicks in candles which are signs of demand. All positional bet to be avoided unless price clearly moves above 41700 or below 41100. Until then stick to Intraday. 2) NSE:BANKNIFTY : Hourly time frame - Clear volatility contraction visible at this TF. With nice drop in volumes. Usually these are signs of break out. But wait until it happens. No pre-emptive trade. 3) NSE:BANKNIFTY : 15 minutes time frame - Price is in range. All signs of breakout/breakdown to be first spotted from this time frame. Should watch closely. 4) NSE:BANKNIFTY : 5 minutes time frame - From 6th onwards price is trading below VWAP, actually this is a sign of bearishness. But price closely following VWAP and sticking to it whenever there is trend to move away
NSE:BANKNIFTY
by Vasu_devan