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Bankniftylevels

Banknifty for 14 Nov-18 Nov 2022 multi timeframe analysisBanknifty is trading at all-time highs. Friday's close was at 42137. Monthly chart October Candle: Big Bull Candle, suggesting bulls are in the driving seat. RSI: Above 60 - Bull Range with high momentum. November Price Action till now: The month started with a gap up opening at 41552 vs the previous month's close @ 41307( 245 points), right now near month high. Monthly support @ 39000-39100, above this level, banknifty most probably moves higher, and a dip would be an opportunity to accumulate or create fresh positions. Monthly Verdict : Positive Weekly Chart Candle: Indecisive candle at high, suggesting increased volatility, though the candle is HH HL structure, any dip would be an opportunity to buy. Weekly Support @ 40320 -40550 RSI @67 - Bull range Weekly Verdict: Positive Daily Chart Price Action: Friday was a gap-up opening at 42137 vs the previous day's close at 41603( approx 534 higher). Candle: Doji at highs - suggesting high volatility and wild swings moving forward. Immediare Support : 41380- 41400 Immediate Resistance: 42350 - 42420 RSI : 67 - Bull Range Verdict: Positive - Buy on dip and trade with Strict SL Hourly Chart Immediate Intraday support at 42117 ( May or not get hold) Further Intraday support @ 41700 CMP: 42137 Wait for a dip or trade with the Monday's first 15 min or hourly candle low's Stop loss.
NSE:BANKNIFTY
by manuagarwal21
Bank Nifty Levels & Strategy for 11/Nov/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 Today, once again we have seen both types of trades in Bank Nifty. Bank Nifty open in red, touched the major support level and finally offered decent recovery from lower levels. Pressure at higher level near lifetime is quite evident. Traders should continue to book profit at higher levels and hedge their overnight positions to protect their capital. Please find below Bank Nifty scorecard for more details about short & long positions in options. BANK NIFTY SCORECARD DATED 10/NOV/2022 BANK NIFTY IS DOWN BY -179 POINTS Name Price Previous Day Change % Change Bank Nifty 41604 41783 -179.45 -0.43% India VIX 15.57 15.92 -0.35 -2.18% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 41500 (Open Interest: 1097450, CE LTP: 473) Max OI (Puts) 41500 (Open Interest: 1068775, PE LTP: 292.9) PCR 0.84 (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:Short Buildup
NSE:BANKNIFTY
by manishmgupta
03/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning Everyone, As per data Banknifty today will open with a gap up now we have again two option for trade. *Now banknifty making lower high formation if banknifty taking resistance below 41200 then open target 41800 - 41600 *If Banknifty after a gap down opening break the lower higher formation and sustain above 41200 then need to to break last day high for a up trend. if banknifty not break last day high then may be banknifty today playing in a range *Major level 41200 level
NSE:BANKNIFTYShort
by mr_bull10
1
01/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys, Good Morning Everyone, Today also Banknifty will open with a gap up so may be today after a gap up banknifty showing reversal trend. Then we have two option . *After a gap up if banknifty break last three day high (41560) level and sustain above then focus on long side. * After gap up respect last resistance level (41560) and marking resistance then focus for reversal trend if break 41200 low then open target level 40800
NSE:BANKNIFTYShort
by mr_bull10