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Bankniftyoptions

Bank Nifty Levels & Strategy for 26/Sep/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, Bank Nifty has corrected 1000 plus points which is a significant cut in a day and closed near major support level. It will be interesting to see whether Bank Nifty will hold this major support level or this support level will become major resistance level in case of gap-down on Monday. Please make a note that Bank Nifty is oversold therefore work carefully to avoid getting into beartrap. BANK NIFTY SCORECARD DATED 23/SEP/2022 BANK NIFTY IS DOWN BY -1084 POINTS Name Price Previous Day Change % Change Bank Nifty 39546 40631 -1084.35 -2.67% India VIX 20.59 18.82 1.78 9.45% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 3487450) Max OI (Puts) 38000 (Open Interest: 1864075) PCR 0.54 (PCR is in oversold zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Shall we continue to look for sell on rise opportunities/profit booking ????? Yes, I think so. What do you think? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
BankNifty Trade setup Idea for 14 September, 2022Based on the global data, the market is expected to gap down massively. Since SGX nifty shows a 300 point drop, I expect the market to open around the 40000 levels and hold that range. There might be some volatility in that range. Since FII is still buying, I wouldnt be so worried. This is infact a healty correction, considering the contineous green candles for the last couple of days. My plan: I would wait for the first 15 mins candle to close and then take a call based on that to show me the direction. The first 5 minutes is going to be crazy where the retail investors get into a panic and could start selling.
NSE:BANKNIFTY
by GenkeiFutura
BankNifty Trade setup Idea for 13-september-2022BankNifty was trading in a range yesterday between 40680 and 40520 levels. There was not much of a trade for options buyers(unless you were a scalper). Today there could be a break out or break down from this range. My Plan: - If the market opens flat(40600 levels) or gaps up, then I would would go long once it crosses 40700 levels. - If the market opens flat or gaps down, then I would go short in intraday once it crosses 40500 levels. - If there is a big gap down, then there would be panic in the market, which could bring the market down further.
NSE:BANKNIFTY
by GenkeiFutura
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.
NSE:BANKNIFTY
by GenkeiFutura
Banknifty daily analysis for 09/09/22Banknifty has finally crossed and sustained above the level of 40k. Index remained in a bullish momentum and gave a nice bullish marubozu candle. On the hourly time frame, it remained bullish whole day and crossed upto the level of 40200. The market travelled nicely, and remained in a parallel channel whole day. Banknifty seems to carry on the bullish mode and give nice bullish momentum even for tomorrow. Support :- 40055, 39850, 39600 Resistance :- 40250, 40840, 41000 Wait for the markets to take out today's high and price action near the levels.
NSE:BANKNIFTY
by TheMamboMomentum
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.
NSE:BANKNIFTYLong
by GenkeiFutura