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Bankniftyprediction

Bank Nifty Update for 18th October 2021BANKNIFTY Index has made an ALL-Time High in the previous trading session and has given a one-sided short-covering move. The Index has a much wider range now and has been seen trading in a bullish uptrend channel which is valid since 27th July. Now the range is 1400 points which is a wide range for the Index. We may see a breakout of the channel on the upside because HDFC BANK results have turned out to be positive and we have also seen a short covering move in the second session on the previous trading session we cannot confirm it yet. Now the Index is at a make-or-break level and we cannot make a biased view as predicting swings in Banknifty is not easy. For today we'll be using our 30 min range strategy. Trade setup ============== RANGE HIGH: 39,400 RANGE LOW: 38,395 Key support is: 38,500 Key Resistance is: 39,400 Trade Accordingly!
NSE:BANKNIFTY
by CodeViser
1
Bank Nifty Trade Setup for 13th October 2021Hello Everyone, Bank Nifty has a significant role in the current market rally. PSU and Private banks have given a good performance, and can this rally can be continued in the result season. Our target is still open from 38,900 to 39,000. You guys need to understand the bull market behavior. An hourly Low is crucial because it holds the whole trend and a high probability is to take support from the hourly low. You have experienced it in yesterday's trading session, so try to understand the market structure and behavior. Trade setup ================= Long: Build your long position if the Index close above 38,600 in the first hour for the target of 38,800 to 39,000 Short: Short Position is precarious in a trending market, so be careful. The short position can consider The Index close lower 38,300 in the first hour for the target of 38,100 to 38,000.
NSE:BANKNIFTY
by CodeViser
Bank Nifty Futures Key Trading Levels for 13th OCT 2021Bank Nifty Futures Key Trading Levels for 13th OCT 2021 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.
NSE:BANKNIFTY1!
by sbkurandwad77
Bank Nifty Trade Setup for 12th October 2021Bank Nifty Trade Setup for 12th October 2021 ===================================== Our first target has been achieved in yesterday's trading session and the Index has given a dot reversal from the first harmonic prz. The Index is still bullish and tests our second target (38,766) as well. But the main question is when and how ... You guys need to remember that every impulse has a correction and we have seen both of them in yesterday's trading session. An Impulse wave in the morning session and a correction in the second trading session. The index has enough fuel to test our second target (38,766). Confirmation is above 38,500... Trade Setup ================= Build your long position above 38,500 for the target of 38,750 to 39,000 Short Position can consider if Index close lower than 38,000 for the target of 37,800 to 37,500
NSE:BANKNIFTY
by CodeViser
Nifty Bank Futures Key Trading levels for12th Oct 2021 Nifty Bank Futures Key Trading levels for12th Oct 2021 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.
NSE:BANKNIFTY1!
by sbkurandwad77
2
Nifty Bank Futures Key Trading levels for 8th Oct 2021 Nifty Bank Futures Key Trading levels for 8th Oct 2021 ( Reposting) 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.
NSE:BANKNIFTY1!
by sbkurandwad77
Bank Nifty Update for 07th October 2021Bank Nifty Update for 07th October 2021 ============================== Bank NIFTY Swings are very tricky to pick, The Index has given a good correction and invalidated the previous impulse. Now the impulse that we saw in yesterday's trading session should give a correction and from there we’ll set up our trade for today. BANKNIFTY has closed in a no trading zone in the previous trading session. 37,820 to 37,900 is resistance zone, and 37,600-37,650 will act as a support. We may not see a breakout/breakdown of this range today as today is Expiry and there are high chances of range-bound markets, but in case Index breaks the range then we’ll trade according to the Intraday data. Trade Accordingly!
NSE:BANKNIFTY
by CodeViser
NiftyBank Key Support & Resistance for 6th Oct 2021NiftyBank Key Support & Resistance for 6th Oct 2021 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
NSE:BANKNIFTY
by sbkurandwad77
Bank Nifty Update (08 September 2021) Banknifty Update (08 September 2021) ================================ Will Banknifty reverse? Banknifty is in a no trading zone and is trading in a narrow range. The index has shown Volatility & roller coaster moves in the previous trading session. Banknifty has formed two Harmonic XABCD & Half Bat Pattern: Here's the trade setup for today: Range High: 36,700 Range Low: 36,390 Aggressive traders can open short positions from 36,790; Risk to Reward will be highly favorable. 36,700 will act as an Intraday resistance. Buy if the level is broken. 36,390 will act as Intraday support. Sell below only 36,390 if price closes below, for the targets of 36,300 followed by 36,150. 36,140 is important to support more pain will be seen if the price closes below the level. WAIT FOR BREAKOUT or BREAKDOWN of the Range Trade Accordingly!
NSE:BANKNIFTY
by CodeViser
2
Bank Nifty and Nifty Prediction for WednesdayGlobal markets are currently stable with no signs of panic or profit booking. Indian market is receiving constant flow of new money which is pushing it to fresh all time highs. In this background, there comes a news that impact of COVID-19 on Indian Economy is not as bad as it was thought earlier. Therefore, there is no resistance as of now to stop Nifty from scaling fresh all time high. The current resistance level of 17132 (Futures chart), if surpassed, will force more Short Sellers to cover their positions and give further upwards push to Nifty and if downward move starts, Support is pegged at 16705 only which indicates downwards move will be brutal for the PUT Sellers. In comparison, Bank Nifty Futures chart is showing resistance at 36650 (see image below): If this level is surpassed, there will be fresh upwards push for Bank Nifty while immediate downwards Support is pegged at 36364.
NSE:NIFTY1!
by jellygill