Bankniftyprediction
Banknifty tomorrow prediction!!We see Banknifty rang bond from last 5 days the open and close level was same and now see what market can do tomorrow. According to us if market can open gap up some sell is coming after the opening and if it break rang thn go with the market.
Sell Banknifty at 38590
Target 38447 38356 38202
Buy banknifty above 38702
Target 38805 38940 39057
NSE:BANKNIFTY Analysis/Prediction for tomorrow Expiry 13-10-2022NSE:BANKNIFTY Analysis/Prediction for tomorrow
For Flat/ Gap-Down Opening (Above 39000)
🟢 Buy CE above 39165 or near 39000
✔️ Target Should be 39300, 39500
🔴 Buy PE below 38930
✔️ Target Should be 38600, 38325
For Gap-UP Opening
🟢 Buy CE near 39120
✔️ Target Should be 39300, 39500
🔴 Buy PE below 38930
✔️ Target Should be 38600, 38500
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.
Bank Nifty Levels & Strategy for 11/Oct/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
Bank Nifty closed almost flat (-85 points) in red zone. We are nicely coupled with US market. Best part is extent of fall in Indian market is low compare to US & global markets. Today, Indian market has absorbed the selling in US market and again shown tremendous strength. Today morning, gap-down was a known event for everyone after DOW JONES & Nasdaq were down significantly on Friday.
Today also FIIs continued with their selling in cash as well as F&O segments. DIIs & HNIs buying helped recovery from not only from day's low but also crossed yesterday's high. Volatility continued today and market offered opportunities to bulls after gap-down, bears at yesterday's high and professional traders option writers. Working level by level was profitable.
Shall we continue with sell on rise near resistance levels and buy on dips near support levels????? Yes, I think so. What do you think?????
BANK NIFTY SCORECARD DATED 10/OCT/2022
BANK NIFTY IS DOWN BY -85 POINTS
Name Price Previous Day Change % Change
Bank Nifty 39093 39178 -84.95 -0.22%
India VIX 19.62 18.81 0.81 4.31%
OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA
Max OI (Calls) 41000 (Open Interest: 2521400, CE LTP: 16.5)
Max OI (Puts) 37000 (Open Interest: 2156375, PE LTP: 8.4)
PCR 1 (PCR is in sideways 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 Buildup, FAR OTM:Short Buildup
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY Analysis/Prediction for tomorrow 04-10-2022NSE:BANKNIFTY Analysis/Prediction for tomorrow
For Flat/ Gap-UP Opening
🟢 Buy CE above 38150
✔️ Target Should be 38290, 38440
🔴 Buy PE below 37970
✔️ Target Should be 37850, 37660
For Gap-Down Opening
🟢 Buy CE above 38050
✔️ Target Should be 38150, 38280
🔴 Buy PE near 38000
✔️ Target Should be 38650
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.
Tommorow Banknifty level For our side tommorow will be slightly bullish or in buying mode after the opening.
Buy banknifty above 39651
Target 39821 39893 40000(not possible)
Sl 39441
Sell Banknifty below 39417
Target 39327 39278(major support) 39193
Sl 39640
If Market open at gap down thn buy after the breakout of opening.
Tomorrow banknifty levels Sell Banknifty below 41150
Target 40950 40824 40680
Sl 41320
Buy banknifty above 41529
Target 41628 41848 42000
Sl 41135.
Now our view in banknifty and nifty was bearish. Today market stuck in range tomorrow we see a great movement in it after the break out. So buy or sell according to the breakout
Bank Nifty Levels & Strategy for 16/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
Bank Nifty is down by -196 points. Today was a historical day when Bank Nifty touched new lifetime high. It was dream come true amid several global issues. Bank Nifty was pushed in red due to heavy profit booking & new short positions added by traders. PCR is shifted down from 1.62 (Overbought zone) to 0.87 (bearish zone).
Highest open interest on call side at 41500 (Based on next weekly Sep, 22nd expiry data)
Highest open interest on put side at 38500 (Based on next weekly Sep, 22nd expiry data)
NIFTY
Nifty is slightly down by -126 points. Today, Nifty has broken down 18K level and could not close above the psychological level. PCR is down from 1.1 (buying zone) to 0.72 (bearish zone). Today’s positive opening has given chance to retail traders for booking profit. Later Nifty slipped below 18K level.
Highest open interest on call side at 18700 (Based on next weekly Sep, 22nd expiry data)
Highest open interest on put side at 16500 (Based on next weekly Sep, 22nd expiry data)
Shall we again start looking for sell on rise opportunities ?????
1. till Nifty is below 18K
2. near major resistance levels
3. near high OI in CE strikes with strict stoploss?
Shall we look for buy on dips opportunity
1. near support level
2. high OI in PE strikes with strict SL?
What do you think? Please do share your comments. Let us work & win together.
Please do review
1. Global cues based on EOD data
2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow
Have a very happy, healthy & profitable day ahead!
NiftyBank Futures Key Trading Levels for 14th Sept 2022NiftyBank Futures Key Trading Levels for 14th 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.
BANK NIFTY reversal The trend has not been able to break the resistance from a long time . Several time it has bounced back from the resistance and the bounced back from the supportive zone. Probably it's going to be the same this time.
P.S.- Please feel free to correct me , I'm just a new trader sharing my views.
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.