looking for long in bank niftyThere is equal highs, looking at is as target. market retraced at Fair Value Gap. Look for buys today and tomorrow.
Niftybank
Nifty bank in a new pattern formationNiftybank was in consolidation zone from last 2 days between 42200-41850. It was the sign where major chunks of old positions were booked and from today onwards new position for next expiry are buildup and in a view of chart we could depict that a W-pattern is under formation which shows its immediate resistance near 42700(+/- 50). Usually we try to give positional outlook on BANKNIFTY to eliminate confusion in a shorter timeframe.
Pin Point Predictions Of Nifty For 16-1-23Hello Traders,
A very small initiative to make your trading easy with the help of my experience and knowledge gained in last 17 years. This chart is posted to clear all confusion of trading two days ago for 13-1-23 trading. Complete price action discussed in detail with Monday predictions check below.
Pin Point Predictions of Nifty For 13-1-23Hello Traders,
To make your trading easy , I posted this chart yesterday with trade predictions . To know what is going to happen tomorrow , can check below with easy price action on 13-2-23
Pin Point Predictions Of Nifty For 12-1-23Hello traders,
To make your trading easy posted these marking with complete trade plan . For more details to know complete analysis for 12-1-23 trading check below.
NiftyBank trend for tomorrowToday a V- shaped recovery has been seen in Niftybank from previous day's low of 41900 today it stand near 42500approx and it moves beyond that and went upto 42700. If this upward trend sustains above 42700 for tomorrow then it will hit 43000++ and will show strong momentum. But it has reversed somewhat today which shows a clear indication of inverted head and shoulder pattern on a 15 min timeframe which says if it crosses below 42300 and sustains below that then niftybank will hit 41900 and fall below that which will ruin everyone's portfolio to some extent.
So, basically what I am trying to say is that opening and the market momentum after half day will clear our confusion. Moreover DIIs buying in cash market was more than the sellings by FIIs today.
AXIS BANK - DAY CHART - 09.01.2023 - BAHAVAN CAPITALAXIS BANK as per Day Chart Analysis Stock
ABOVE 962 TARGET 970
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
CANARA BANK - DAY CHART - 09.01.2023 - BAHAVAN CAPITAL CANARA BANK as per Day Chart Analysis Stock
ABOVE 330 TARGET 333
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
Nifty bankAs we can see Nifty Bank is forming a 3 black soldier pattern on a daily timeframe showing support at 42000. The downward trend will continue as per the formation of next candle on 9th Jan. Before that it seems the market will hold its bearish trend which will go upto 41500.
But if it forms a Doji Pattern on next candle then there will me a massive reversal in trend which tends Nifty bank to move upward to reach 44000.
Will review on Monday.
Boost up my post if it is helpful and insightful.
Nifty 09 Jan 23 to 13 Jan 23 Short ,Medium and Long TermNifty 09 Jan 23 to 13 Jan 23 Short ,Medium and Long Term
Nifty closed at 17859 ( Prev Close 18105) with touching peak 18232 recovered from low 17806.
Nifty formed double bottom chart pattern in back to back week.
Oversold zone as per RSI (37) , Stochastics (27)
& MACD is in red zone (-91) and Reversal sign might be achieved in this week.
Nifty short term
Index will be range bound from 17750-18550 till budget.
Need to cross firmly above sustain above 18000 followed by 18260 to reach initial target of 18330/18440 and 18550 in the coming weeks.
If it falls below the current level, the next support is at 17782/17566/ 17472 fib 0.618 retracement.
Medium term target
18900
Long term target 19500 and then to 20500.
Nifty Bank Index is also under oversold zone, Stocks like Axis Bank, Kotak Bank, Ujjvan Small Fin bank and BOB looks promising. Budget / Budget Expectation will take fresh high above 18550 or take it below 17750.
Pin Point predictions Of Nifty For 9-1-23Hello Traders,
To make your trading easy posted this chart for 6-1-23 trading . Every marking on chart worked perfectly. To know more details for 9-1-23 check below .
Banknifty 9 january level and analysisNow banknifty creator cup and handle patterns
41927 is strong support
42230 is resistance area in cup and handle
First Target is 42489 and second 42682
BANKNIFTY FOR TOMORROW(06/01/2023)Hello Ji, 💔💔💚💚
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For Tomorrow BankNifty Will Do or Die Mode.
If yellow line breakdown then 2nd green line accepted.
if blue trade line breakout then may 43000 for retesting.
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BANK NIFTYThis is just guess work. nobody can predict 100 percent. its just one of the options market can go. Eventually external news decide the market. if news positive market bound to go up, if negative market tend t go down. every knows that. 1DAY CHART 2 rejection when going up.
Pin Point Predictions Of Nifty For 2-1-23Hello Traders,
WISHING YOU A VERY HAPPY AND PROSPEROUS YEAR 2023 FOR ALL VIEWERS OF THIS POST!
The Perfect understanding of support and resistance posted one day in advance to make your trading easy . This price action on 30-12-22 itself authenticate my words. To know more in detail of further action in index can be seen below.
Pin Point Predictions Of Nifty For 29-12-22Hello Traders,
This post shows the levels marked on the chart one day in advance and next day price action on them. For detailed analysis can see below. This will definitely make your trading easy.
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.
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
