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Bankniftyshort

BANKNIFTY is showing weaknessThe BANKNIFTY trend is showing weakness and for the last few days there has been lot of turmoil in the Markets Most of the days of this week the first three hourly candle of Indices would show a different story and the next three would be absolutely contrary , with an exception of 1 day If you have a look at the attached chart , hourly setup of BNF it clearly shows a downtrend on the charts and continues to do so. I see a stiff resistance at 22600 / 22700 levels and the next upward move would only come if these resistance levels are breached on closing basis with significant volumes and seconded by a supporting candle in the same direction.
NSE:BANKNIFTYShort
by SmartCaps
BankNifty Trade Setup [31 Aug 2020]BankNifty Index view on 31st Aug 2020 Bullish view: If price stays above the brown trendline, then look for buying opporunity only. Enter only if it comes near the trendline and support level (Blue Horizontal Line). Look for price rejection near the key support zone. Support Zone: 24390-24420 Bearish view: If price breaks the brown trendline alongwith blue support line and retest the trendline again, then look for shorting opportunity. Look for price rejection near the key resistance levels Resistance Zone: 24390-24420 My Personal View: BankNifty likely to retest the trendline and may respect it. So, my view is bullish and I will wait for the retracement to enter.
NSE:BANKNIFTYLong
by AkmeAnalytics
2
BankNifty breakdown from a Rising Wedge patternLet me know your views. BankNifty has broken from a rising wedge pattern. Breakdown from the solid line is very close to the apex and may not result in a major downtrend. However, if you consider the breakdown from the dashed line, its around the 2/3rd area from the base / start of the wedge. Breakdown near 2/3 of the wedge formation give a larger fall! Lets wait for the next few days to see how it pans out. This information is for analysis only!
NSE:BANKNIFTYShort
by KumarMitesh
BANKNIFTY - expecting a Reversal in upcoming session(s)Expecting BNF to reverse around the RED line, due to completion of a Bearish gartley and nearing the monthly trendline, which coincides with an 0.886 of XA. Can be entered around 20900 Spot, with an SL above 21250 (about 30 points above X) and TGT1 at 20300, TGT 2 at 20000 Disclaimer: These are just my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser. Note: All the values given are in Banknifty spot price chart I had previously published about banknifty few hours back, but doesn't seem to be published. Therefore re-uploading the same view slightly edited.
NSE:BANKNIFTYShort
by theTradingSailor
5
Bank Nifty Intraday Trade setup for 20th April 2020Good Morning everyone, Bank Nifty is follow Nifty Trend in short term and long term as well because some high wattage stock of Bank nifty is keep high stake in Nifty as well so it's Impact directly. Resistance ----------------------- Bank Nifty major resistance area is 21472 which is also a B point for our one of our Harmonic pattern which is made in hourly time frame, Support --------------- Bank Nifty key support can found on 18700 Trade setup for 20th April 2020 ================================== 1- We're also bullish in Bank nifty for today and buying side has 2 points. A- If you see a gap down and price test 20000-20200 in first trading session at first half then go and build a long from this price level. B- Second buy position can come if Index bullish in first half and break the Friday high which is 20827. Consider 20900 to build your long 2- Sell Bank nifty if 20600 break in Intraday. Good luck and happy Trading CodeViser
NSE:BANKNIFTY
by CodeViser
#NiftyBank #Intraday Trade Setup for 16th April 2020Hello everyone, Bank Nifty is a white elephant in Indian stock market because for their volatile nature and everyone want to get ride on it but you guys need to remember this is not an easy task :P We have seen a 1200+ points down move in yesterday from the top ( 20178) . Short Position ======================= Key Support is on 18650 and this level is so Important if you're looking for a short in Intraday. It's also a B point one of our Harmonic pattern and pattern will be activated if price sustain lower then 18650... Long Position ========================= Long is bit tricky and has a very less room in upside . Long position can consider if price sustain above 19300 and has only 200-300 points in upside. Lot of day resistance is in upside so if you consider a long above 19300 then try to book profit before then 19600.. Note : Keep patience in first hour and get it settle at first. Do not rush for trades, wait for a clear move and setup your trade according the levels. Good Luck & have an awesome day ahead
NSE:BANKNIFTY
by CodeViser
3
BANK NIFTY (15/04/2020) TECHNICAL ANALYSIS (CHARTING)For the last two trading session, Bank Nifty has been trading range bound. Following Technical analysis provides a better idea to how BANK NIFTY can trade on 15/04/2020 i.e. which depends on several factors like: 1. Adverse affect of the extension of the LOCKDOWN in the countries. 2. How the market across the world behaves. 3. Any financial packages announced by the union government on 15/04/2020. 4. Quarterly reports of several companies. Example - Wipro going to announce on 15/04/2024 So, As per my analysis, Bank Nifty if breakouts above 9951(approx 20000), One can see an uptrend in the BANK NIFTY. If BANK NIFTY breaks the lower thin support of 19160(approx 19100), One can see a down trend in the Bank Nifty. Technical Analysis shows: Resistance 1: 21300 - 21400 Support 1: 18350 - 18450 Support 2: 17100 - 17200 AVOID TRADING WHILE BANK NIFTY IS IN RANGE BOUND MODE.
NSE:BANKNIFTY
by krvinay65
Bank Nifty Intraday Setup for 01 April Expiry dayGood Morning Everyone, #BankNifty #Intraday Range is 19623 to 18731 . Writers can be write 18700 PE and 19700 CE 1 April Expiry today . There is 90% chances That both of will be zero and has a good chance to make the awesome profit today. #Futures Traders wait for these levels to break to build your Position in Intraday or wait first 30 minute and setup your trade according it . #intraday #Reliance #RelianceIndustries #RelianceMarkets #trading #tradingsignals #Nifty #nifty50 #banknifty
NSE:BANKNIFTY
by CodeViser
1