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.
Bankniftyintradaylevels
BankNifty Trade setup Idea for 09 September, 2022After the massive breakout yesterday, for the next couple of days, the market could move up to the next resistance levels.
Once it hits the 41200-41300 levels, it could test the 40000 levels again.
There is not much of resistance in between these 2 levels.
The US inflation numbers are coming next week, the retest could match with that timeframe.
NiftyBank Futures Key Trading Levels for 9th Sept 2022NiftyBank Futures Key Trading Levels for 9th Sept 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
NiftyBank Futures Key Trading Levels for 8th Sept2022 ExpiryNiftyBank Futures Key Trading Levels for 8th Sept2022 Expiry
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
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.
NiftyBank Futures Key Trading Levels for 7th Sept 2022NiftyBank Futures Key Trading Levels for 7th Sept 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
NiftyBank Futures Key Trading Levels for 6th Sept 2022NiftyBank Futures Key Trading Levels for 6th Sept 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
NiftyBank Futures Key Trading Levels for 5th Sept 2022NiftyBank Futures Key Trading Levels for 5th Sept 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
NiftyBank Futures Key Trading Levels for 2nd Sept 2022 NiftyBank Futures Key Trading Levels for 2nd Sept 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
NiftyBank Futures Key Trading Levels for 1st Sept 2022 ExpiryNiftyBank Futures Key Trading Levels for 1st Sept 2022 Expiry
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
BankNifty Idea for 29 August, 2022 - Trade setupDue to global data, the market might open with a gap down or move down initially.
The immediate support is at 38800, but since the market has already tested it once, this level might break if the market has higher selling pressure.
The next level of support is at around 38400 levels.
On the higher side, i see a resistance at around 39500 levels.
NiftyBank Futures Key Trading Levels for 29th Aug 2022 NiftyBank Futures Key Trading Levels for 29th Aug 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Bank Nifty Levels for 25/08/2022Dear 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 further up by 341 points. Bank Nifty is looking good & closed above 20 EMA , VWAP level near day’s high. Once again, we had a highly volatile day. PCR shifted up from 0.90 to 1.08 which is now back in bullish zone.
Highest open interest on call side at 40000 (Remained same as yesterday)
Highest open interest on put side at 38000 (Shifted down from 38500 to 38000)
NIFTY
Nifty is slightly up by 27 points. Nifty closed above 20 EMA , VWAP level near day’s high. Once again, we had a highly volatile day. PCR remained flat from 0.83 to 0.84 which is still in bearish zone. Nifty hourly chart has formed flag & pole pattern which is also indicating bearishness in price action on chart.
Highest open interest on call side at 18000 (Same as yesterday)
Highest open interest on put side at 17000 (Shifted down from 17500)
Shall we continue to expect high volatility till outcome of Jackson Hole meeting?
Shall we look for buy on dips and sell on rise opportunities with suitable SL/TSL?
Please do share your comments. Have a happy, healthy & profitable day ahead!
NiftyBank Futures Key Trading Levels for 26th Aug 2022NiftyBank Futures Key Trading Levels for 26th Aug 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
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.
NiftyBank Futures Key Trading Levels for 25th Aug 2022 ExpiryNiftyBank Futures Key Trading Levels for 25th Aug 2022 Expiry
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
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.
NiftyBank Futures Key trading levels for 24th Aug 22NiftyBank Futures Key trading levels for 24th Aug 22
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
NiftyBank Futures Key trading levels for 23rd Aug 22NiftyBank Futures Key trading levels for 23rd Aug 22
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
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!
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!
NiftyBank Futures Key trading levels for 22nd Aug 22NiftyBank Futures Key trading levels for 22nd Aug 22
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.