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.
Bankniftyoptions
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.
Bank Nifty Levels for 24/08/2022Dear 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 up by 400 points. Bank Nifty closed above 20 EMA, VWAP level near day’s high. We had a highly volatile day. PCR shifted down from 0.61 to 0.90 which is still in bearish zone.
Highest open interest on call side at 40000 (Shifted up from 39500)
Highest open interest on put side at 38500 (Shifted up from 37000)
FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS:
FIIs (Bullish):
FII bought in cash market for 563 crores and bought in derivative market contract for 6510 crores (please do continue to read about whether they bought long positions or short positions). FIIs reduced their index & stock future long contracts & added short positions in index & stock future contracts. FIIs took long positions in index call as put contracts & reduced stock call & put contracts.
DIIs (Mild Bullish):
DII sold in cash for -215.2 Crores. DIIs have slightly added new positions in Index & stock future contracts. Heavily reduced positions in options contracts.
PRO (Bearish):
Pro traders have added short index & stock future contracts. Reduced option contracts in index & stock call contracts. Added option contacts in index & stock put contracts.
CLIENT (Bearish):
Retail/HNI added index & stock future contracts. Significantly reduced their index & stock call option contracts. Added index put contacts & reduced stock put long & short contracts.
Shall we continue to expect high volatility in next few days?
Shall we look for buy on dips or sell on rise opportunities?
Please do share your comments. Have a happy, healthy & profitable day ahead!
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 Index Levels for 23/08/2022Dear 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
Indix VIX further jumped up by 4.12% from 18.29 to 19.04. Dow Jones is down 494 points and Nasdaq is down by 287 points at this point of time. Please do check closing data for tomorrow's trading reference. US DOLLAR INDEX has up beyond 108 level and continuous 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 down from 0.67 to 0.61 which is clearly in bearish zone now. Today also selling was quite sharp .
Highest open interest on call side at 39500.
Highest open interest on put side at 37000.
FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS:
FIIs (Bearish):
FII sold in cash market for -454 crores and bought in derivative market contract for 3319 crores (please do continue to read about whether they bought calls to add new long positions or bought puts to add more short positions in the system). FIIs significantly reduced their long as well as short contract in Index future and added short stock future contracts. FIIs took long positions in calls. FIIs significantly added two times PUT long positions in Index compare to short positions. FIIs are heavily short in stock futures and hedged their positions using call & put options.
DIIs (Mild Bullish):
DII sold in cash for -85 Crores. DIIs have reduced their positions in Index & future contracts.
PRO (Bearish):
Pro traders have reduced their long index & stock future contracts and heavily wrote call options in index & stocks.
CLIENT (Bullish):
Retail traders significantly reduced their long future contract positions in index & stocks. Heavily wrote call options in index, bought puts & calls hedge their position
Overall, shall we continue expect high volatility in coming week?
Shall we look for sell on rise opportunities based negative cues? or
Is market is taking few steps back for bigger move towards all time high?
We are getting close to important support level. Please do watch it carefully to avoid getting into bears trap & bulls trap in bounces.
PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY WITH STRICT SL (STOP LOSS) & MAXIMISE YOUR PROFIT USING TRAILING SL.
Have a happy, healthy & profitable day ahead!
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!
Banknifty weekly analysis for 22/08/22Banknifty on the weekly time frame has formed a bearish candle and closed below the crucial round number 39000.
On daily time frame, banknifty has formed a bearish engulfing candle and lost around 700 points in a day.
The market has started trading below its 20 ema on hourly time frame and closed below the level.
A nice price action is formed on 15 minute time frame and market is taking support from 200 ema.
Support :- 38900, 38765, 38400
Resistance :- 39140, 39340, 39650
The markets can be volatile.
Wait for a price action near the levels before entering the markets.
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.
NiftyBank Futures Key trading levels for 19th Aug 22NiftyBank Futures Key trading levels for 19th 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 Future Levels for 19/08/2022Dear 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 near day's high above 20 & 50 EMA and VWAP level. PCR (1.2) is in bullish zone. Indix VIX (17.35) down by -1.85%.
Highest open interest on call side at 40000
Hifty highest open interest on put side at 38000
FIIs did cash selling of -1706 Crores. Reduced derivative long positions significantly. Today Proprietary traders & DIIs traders were long in Index and Future contracts on net basis. Surprisingly, retail traders switched to long side today.
Dow Jones is down 100 plus points and Nasdaq flat at this point of time. Please do review closing Index data.
Is correction due now after strong unidirectional rally?
Shall we start looking for sell on rise opportunities or continue to look for buy on dips opportunity with strict stoploss?
PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP.
Have a happy, healthy & profitable day ahead!
NSE:BANKNIFTY Analysis/Prediction for tomorrow 19-08-2022NSE:BANKNIFTY Analysis/Prediction for tomorrow
For Flat Opening
🟢 Buy CE near 39560 or above 39705
✔️ Target Should be 39700, 39800, 39970
🔴 Avoid PE
For Gap-UP Opening below 39800
🟢 Buy CE near 39680
✔️ Target Should be 39800, 39970
🔴 Buy PE below 39650
✔️ Target Should be 39500
for Gap-Down Opening
🟢 Buy CE near Trend Line or above 39660
✔️ Target Should be 39650, 39800, 39970
🔴 Buy PE below 39490
✔️ Target Should be 39310
Note:
🚨 Gap-UP & Gap-Down more than 200 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 100 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer: I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
NiftyBank Futures Key trading levels for 18th Aug 22_ExpirydayNiftyBank Futures Key trading levels for 18th Aug 22_Expiryday
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 Future Levels for 18/08/2022Dear 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 once above 20 & 50 EMA and VWAP level. Bank Nifty has shown signs of tiredness. PCR (1.16) is in bullish zone. Indix VIX closed flat.
Bank Nifty highest open interest on call side at 40000
Bank Nifty highest open interest on put side at 39000
FIIs did buying of 6729 Crores but they bought 42826 Puts (Net) in Index and sold 13647 stock futures. Does it mean, FIIs will start selling again. Today Proprietary traders & DIIs traders were long in Index and Future contracts on net basis. Retail traders are heavily short in Index as well stocks.
Dow Jones is down 200 plus points and Nasdaq is down 100 plus points at this point of time. Is correction due now after strong unidirectional rally? Shall we start looking for sell on rise opportunities ?
PLEASE TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP.
Have a happy, healthy & profitable day ahead!
Bank Nifty Levels for 17/08/2022Dear 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 above 20 & 50 EMA and VWAP level. Bank Nifty has shown strength and trying to move in upward direction. PCR (1.04) is in sideways to mild bullish zone. FIIs continue with buying of 2429.6 Crores and DIIs are slowly doing profit booking with selling of -136.2 Crores. Proprietary & retail traders are heavily short in Index and Future contracts. God saves retail traders.
Bank Nifty highest open interest on call side at 40000
Bank Nifty highest open interest on put side at 39000
Overall uptrend looks intact. Shall we continue to look for short straddle/strangle ? Buy on dips opportunities ?
PLEASE TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP.
Have a happy, healthy & profitable day ahead!
NiftyBank Futures Key trading levels for 17th Aug 22NiftyBank Futures Key trading levels for 17th 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.
Banknifty weekly analysisBanknifty weekly chart
On the weekly time frame banknifty is looking stronger than nifty
39500 will act as a strong resistance and profit booking near resistance is possible
Strong up trend support is placed at 36000 a healthy retracement will this support zone will give a chance to create fresh long position
2 consecutive day closing above 39500 will reject down side move and next target can be 42000 on weekly basis
How about this.? horizontal levels marked its time to keep our bias neutral. all we need to do is just follow the price where it goes. at least for now we dont have any bearish sentiments but will keep an eye on todays us market and tommorw news. just remember to follow just one holy grail in the market that is RRR.
best of luck traders.
Bank NIfty Levels for 16/08/2022Dear 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
FIIs continued with strong buying in CASH & F&O of Rs 7405.5 Crores. US market also performed really well on Friday. Let us see the US market performance tonight. Bank Nifty is now just 6.66% away from all time/52 week high. ICICI Bank performed exceptionally well and made new life time high. BN's highest open interest in call as well put is at 39000. PCR is still in buying zone. Overall, all positive & negatives are factored in. All overnight positions must be hedged to handle gap-up & gap-down. Shall we expect a profit booking & and offer us buy on dips opportunities or market will continue with bull run? Shall bulls/specially retail investors should slow down to avoid getting into bulls trap?
NSE:BANKNIFTY Analysis/Prediction for tomorrow 16-08-2022NSE:BANKNIFTY Analysis/Prediction for tomorrow 16-08-2022
Due to the Long weekend try to trade after watching the one-hour price action.
For Flat Opening
🟢 Buy CE above 39100
✔️ Target Should be 39425
🔴 Buy PE below 38950
✔️ Target Should be 38770
For Gap-UP Opening
🟢 for CE watch price action
🔴 Buy PE Near below 39000
✔️ Target Should be 38770
For Gap-Down Opening
🟢 Avoid CE
🔴 Buy PE Near 39000
✔️ Target Should be 38770, 38570
Note:
🚨 Gap-UP & Gap-Down more than 200 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 100 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer: I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.