BANKNIFTY Levels for 27.12.2022As per my analysis, NSE:BANKNIFTY is taking support and sustained above 42451, it can move up to level of 43100
Note: This is my personal analysis, only for learning.
Niftybank
Pin Point Predictions Of Nifty For 22-12-22Hello Traders.
This post marking levels Were posted yesterday to make your trading easy . What is going to happen on 22-12-22 can see below.
Be careful bulls !!The index is moving in LL pattern and the bounce could be a retracement of current bounce so be careful bulls and we can see a good correction in any moment of time till we are trading below 18700.
Pin Point Predictions Of Nifty For 16-11-22Hello Traders,
This post shows the depth of Marked posted yesterday. To make your trading easy with this knowledge with detail entry and exit check below.
Bank Nifty Levels & Strategy for 08/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. 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 on your own trading skills and please do consult your financial advisor before trading.
Bank Nifty: FIIs are super bearish from last 2 days. They are net seller in Dec. Today, market didn't like the RBI policy (specially commentary). Tomorrow's market move will be mainly based on Gujarat election outcome. My strategy will sell on rise with strict SL for tomorrow if I get good trade setup and decent Risk:Reward.
Important events to keep in mind for coming days:
1.Gujrat results on Dec-08.
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 07/DEC/2022
BANK NIFTY IS DOWN BY -40 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43099 43139 -39.85 -0.09%
India VIX 14.08 14.04 0.04 0.25%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43200 (Open Interest: 3452700, CE LTP: 129)
Max OI (Puts) 43000 (Open Interest: 3568500, PE LTP: 84)
PCR 0.68 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Long Liquidation
Pin Point prediction Of Nifty For 8-12-2Hello Traders,
The marking of this chart price action was posted yesterday , along with the trade ide to make your trading easy without confusion. You can see the accuracy of price movements And for tomorrow's price action can check below.
Yogesh Vats
Bank Nifty Levels & Strategy for 07/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. 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 on your own trading skills and please do consult your financial advisor before trading.
Bank Nifty: Options data indicating mild bearishness ahead of RBI policy. Smart money/big players have added plenty of new bearish positions. USA market are already nervous ahead of another rate in next week. Tomorrow, we can expect a sideway move ahead of RBI policy. Post RBI policy market direction will be dependent on rate hike & commentary by RBI regarding inflation & growth outlook.
Red Flags to keep in mind for coming days:
1.RBI meeting is going on. Reserve Bank of India (RBI) is likely to go ahead with another rate hike approx. 0.35% on Dec-07
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
3.Gujrat results on Dec-08. Exit-poll results looking good for market
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 06/DEC/2022
BANK NIFTY IS DOWN BY -194 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43139 43333 -194.40 -0.45%
India VIX 14.04 13.73 0.31 2.26%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43200 (Open Interest: 2962250, CE LTP: 235.15)
Max OI (Puts) 43000 (Open Interest: 3863625, PE LTP: 111.2)
PCR 0.78 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short covering, OTM:Long Liquidation, ITM:Short covering, FAR OTM:Long Liquidation
Nifty Bank Levels & Strategy for 06/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. 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 on your own trading skills and please do consult your financial advisor before trading.
Bank Nifty: Options data indicating mild bullishness. Smart money/big players are adding bullish positions. However, as a retail investor, we should continue to book profit near new lifetime high & wait for good trade setup/good buy on dips opportunities.
Red Flags to keep in mind for coming days:
1.Today, RBI meeting started. Reserve Bank of India (RBI) is likely to go ahead with another rate hike (approx. 0.25%) on Dec-07 then what will happen in banking stocks?????
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
3.Gujrat results on Dec-08. Exit-poll stuff started today evening.
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 05/DEC/2022
BANK NIFTY IS UP BY 229 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43333 43104 229.20 0.53%
India VIX 13.73 13.45 0.28 2.10%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43500 (Open Interest: 2402925, CE LTP: 162.15)
Max OI (Puts) 43000 (Open Interest: 3428300, PE LTP: 109.2)
PCR 1.08 (PCR is in buying Zone)
Bank Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Will Nifty rally continues? Inverse Head and shoulders found.Don't forget to check out the chart analysis posted a few hours ago. Here I'm assuming with 15 minute time frame, that would give more clarification for a short-term upside potential or a retest possibilities to the all-time high area. As you can see from the chart, Nifty has formed an inverse head and shoulders pattern today. If Nifty can break the neck level or a gap-up above the neck line is considered as a bullish signal.
But how long can we get a safe target?
As with the head and shoulders pattern rules, you can adjust your target calculation using the length between the head and neck level. But surprisingly, this assumption also confirms further strong resistance levels are (18850-18900) area, I mentioned in the previous post.
Moreover, the chart you are seeing now is of Nifty Indices, but in December future chart you cannot see this head and shoulder pattern, instead it is seen as an ascending channel, so the possibility of a downtrend is very high.
Will Nifty rally continues? Is Nifty 20000 possible this year? Hi, as per my previous post our primary target was hit today and nifty showing upward pressure after going down to 38%. Will it rise further? Yes! Of course it can retest the previous day's high, exactly 78% of the Fibonacci ratio from the low created today. According to Elliott 5 wave movements, this can be the first phase of the 5th wave of the trend that started from November 10. But if you want to confirm it, it should goes up from the current all time high. There is a possibility that the market will come down from the resistance levels marked above between 18800 and 18900.
If Nifty falls from that zone short positions can be taken for a few days. Also, if Nifty fails to hold above 18500 level, then our second target will soon become possible in this scenario.
Please understand that nothing I tell you about market potential is a 100% guarantee.
Inverted HnS, may see some up move tomorrowsince 2 days the index is trading in a range and today it complete the pattern of Inverted HnS on a 15 min TF.
Pin Point prediction Of Bank Nifty For 6-12-22Hello Traders,
This post provides you the levels , I shared for today's trading where every action and reaction price used the se marking. Iy means you had the idea where market is going to take support and resistance . How to trade with these marking a detailed trade plan was discussed, check below. To make your trading easy , I share every day markings and trade plan. Hope you would find it easy to understand .
Yogesh vats
NIFTY FINANCIAL SERVICES DETAILED ANALYSIS. FUTURE TREND!!I have drawn many things in this idea, stay with me till the end, and I will clear you.
first, let me talk about the future trend(because based on that and my prediction I have drawn the rest drawings), the future trend is the dark black line(drawn both support and resistance). the trend is based on the markets getting consolidated and its reaction shown by nifty finserv components.
now how is that trend came to surety says the pullbacks drawn by arcs circle and arrows.
i have drawn many of them, have a good good at those, those are majorly pullbacks and pullouts. its just that the market was very volatile at that time, like FII SELLING, DII BUYING, interest rates, money incoming etc..
so that made to disturb the trend, but we get to know it by the pull back strategy.
now if you looked very carefull you could observe that the last arc drawn is in black, because nifty finserv, did not supported my trend, that actually because major FII selling had come on.
like in major stocks like hdfc, icici, bajaj finance. banking stocks and bajaj finance(one to give high returns), sum the nifty finserv about 85%. thats a lot, so mostly nifty finserv is very closely related to bank nifty chart.
since bank nifty chart has almost reached its top and making new ATH, this says that nifty fin serv, is at a very discounted, and at any time rally could come in. but this rally could be defined when US markets react positive and FII selling starts coming. and which is already started.
DISCOUNTED STOCKS are meant by those which has a good possibility to go up. stocks such as hdfc, kotak, bajaj finance are much in discounted. icici bank has given a good rally, and same acts for SBI.
the next part is the brush drawing: i feel that market could be volatile for several days/weeks because nifty50 is a bit overvalued so this could afraid the market to go in a buy side. there could be a clash of buying and selling, mostly giving some doji candles. if such happens, then January of next year, could be a great possibility to give a bull rally, in nifty finserv components. although this volatile theory could go wrong if market directly sees an upmove, instead of waiting much. to add on as a final point, markets where volatile at the time from AUG- OCT, after a bull rally came in. such case could be possible but this volatile market could be a small one, since many things have been formulated, and bad things(like global conditions, no need to mention it) are coming to an end.
the price action and following trends is the best thing. mark some good levels in your chart, and check the trend, based on that start taking positions.
Nifty Bank Levels & Strategy for 05/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. 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 on your own trading skills and please do consult your financial advisor before trading.
Bank Nifty: Options data indicating mild weakness. FIIs are super bearish & Retail traders are super bullish. Retail traders should be trading carefully near lifetime high levels & hedge their overnight positions. Wait patiently & trade only good quality trade setup with decent R:R.
Please find below BANK NIFTY scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 02/DEC/2022
BANK NIFTY IS DOWN BY -157 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43104 43261 -156.90 -0.36%
India VIX 13.45 13.36 0.09 0.67%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43000 (Open Interest: 3056650, CE LTP: 333)
Max OI (Puts) 43000 (Open Interest: 2718500, PE LTP: 191)
PCR 0.71 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Long Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
Post market Nifty Bank indexAfter opening below previous day's range price retested Previous day's low and started consolidating below it.
After the breakdown of the morning range market could not break day's low and started moving up, later on retest the range and giving upmove resulting in a close at day's high.
Post market Nifty indexPost market Nifty index
Opened below Previous day's range, quick fall followed by small retracement resulting in flag and pole formation and continuation after Breakdown of pattern.
Accumulation at the bottom followed by it's breakout and retest.
Pin Point predictions Of Nifty For 5-12-22Hello Traders,
The posted marking levels were shared one day back and you can see how fantastically , they worked . To make you trading easy. with complete details of trade plan can check below.
Nifty in Downtrend what NEXT?Nifty is continuing the trend, but what happens now? Remember that it is only a correction, this movement can be considered as a correction part of the trend that started from September 30 so far. According to the Elliott wave, if the current correction is falling up to 38% to 68%, then it can be considered as the 4th wave correction of the five wave movement that start from the Sep 30. This is the golden ration you get when you mark the third wave from the 2nd wave using the Fibonacci tool. The big yellow box on the chart is the area where we have the last movement of the 4th wave.
However, big buyers are currently seen playing in the 18300 and 19000 areas. So, we can find another small 5 wave movement started around November 10th. If this down movement is a 4th correction wave of the November 10th, it will not go below 18580 and start its upward journey from above 18580. You can find the retracement area is the small yellow box on the chart.
In that case, the third wave of September 30 is not over yet, and a major downtrend can be expected at any time.
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Bank Nifty Levels & Option Data for 02/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. 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 on your own trading skills and please do consult your financial advisor before trading.
Please find below BANK NIFTY scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 01/DEC/2022
BANK NIFTY IS UP BY 30 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43261 43231 29.65 0.07%
India VIX 13.36 13.81 -0.45 -3.24%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43500 (Open Interest: 1701500, CE LTP: 200)
Max OI (Puts) 43000 (Open Interest: 1289625, PE LTP: 189)
PCR 0.8 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Pin Point Prediction Of Nifty For 2-12-22Hello Traders,
This post shows the marking levels prediction done for this day trading . The accuracy you can yourself feel in form of price action. Now what is going to happen tomorrow that I discussed in detail for making your trading easy, can check below.
Yogesh Vats
Bank Nifty Levels & Strategy for 01/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. 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 on your own trading skills and please do consult your financial advisor before trading.
BANK NIFTY
Every dip is getting bought from last few weeks. Levels are marked on chart & strategy is simple i.e. buy on dips till uptrend is intact & continue to book profit near lifetime high. Today, US market is trading in red & SGX Nifty is trading in red & 100+ points down. Tomorrow morning, gap-down should be a buying opportunity with strict SL. Put premium are very low so we should avoid PE writing. Get into short trade only when support levels are broken convincingly.
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 30/NOV/2022
BANK NIFTY IS UP BY 178 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43231 43053 177.55 0.41%
India VIX 13.81 13.62 0.19 1.41%
OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA
Max OI (Calls) 44000 (Open Interest: 4515025, CE LTP: 6.1)
Max OI (Puts) 43000 (Open Interest: 4237425, PE LTP: 38)
PCR 1.01 (PCR is in sideways zone)
Bank Nifty Calls:
ATM: Short covering, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Pin Point predictions Of Nifty For 30-11-22Hello traders,
This post shows the marking Prediction done for today's trading. You can see price reacted on the se marked levels. For detailed analysis to understand with my prediction for tomorrow , can check it below. This will definitely make your trading easy.
