Trade setup in Bank nifty We saw good downward move in index last week but expecting a consolidation till the index is in between 43500 & 43000 range.
Bankniftytrading
16/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guy's.,
Good Morning Everyone,
According to the data today market gap-Down is going to open
After A gap down if banknifty taking support from last day low and sustain above 43500 then open targets for T1-43600,T2-43700,T3-43800
If the Banknifty after a gap down Sustain Below last day low The open Targets for T1-43200,T2-43000,T3-42800
Major Levels 43500,43200
Breaking down from rising wedgeThe index is breaking down from a rising wedge pattern and expecting some more profit booking, Levels for tomorrow is shared in the chart.
Pin Point Predictions Of Nifty For 16-11-2Hello Traders,
This post shows the depth of Marked posted yesterday. To make your trading easy with this knowledge with detail entry and exit check below.
15/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap Down is going to open
Banknifty will turn negative if gap down opens and forms resistance at last day low (44000). That time we can open the target. T1-43800,T2-43600
And if the gap down opens and breaks the low of the last day and forms the support, then the full day is going to be choppy today.
Major Levels 44000,44100,43900 Avoid trading in this area
44k is crucial44k is very much crucial for index, if any way price manages to sustain below 44k then we may see a good profit booking
Pin Point Prediction Of Bank Nifty For 15-12-22Hello Traders.
These were the marking levels posted for your convenience in trading this index. For details analysis for tomorrow check below.
14/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap sub is going to open
last day baknifty closing near around 44000. If gap-up Banknifty opens today and sustains above 44000 then you can open 44400 target.
If the Banknifty sustains below 44000 today then it is going to stay in the range
Major Levels 44000,43800
BANK NIFTY ANALYSIS - INTRADAYIf the price takes support @ the marked zone and trade there for a bit of time and
if the price again breaks out of the formed zone @ support, one can consider taking SHORT opportunity.
Because if this analysis goes right, we can see a very good movement downwards with max 30 point SL.
This trade will activate if the market again invite buyers @ support.
Wait for market to create a range near support.
DON'T TAKE FORCE ENTRIES @ BREAKOUTS.
Be patient, and beware, Market can do anything, It doesn't mean we have to be right always.
WE JUST HAVE TO TAKE SMALL RISKS.
HAPPY TRADING.....
BANKNIFTY ANALYSIS for 13th DECEMBER
*On 12 DECEMBER, expected a good fall from supply zone, but buyers remained strong.
*Unless market doesn't trade and sustain above supply zone, consider it's weak.
*Make changes to your trading plan if opened BIG GAPUP/GAPDOWN.
NOTE:
This Idea is according to my understanding of market especially BankNifty.
And do your own analysis, take positions according to your Risk Appetite.
HAPPY TRADING....
13/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap-up is going to open
Open target for 43800 - 44000 if gap-up opens and Banknifty sustains above last day swing area(43600)
And if the Banknifty sustains below the last day swing area(43600) even after the gap-up open, then target for last day low(43350).
Major level 43600,43800,43860
Levels Index forming a triangle type pattern and we can get a good move on breakout/Breakdown. Keep in radar .
What Banknifty can do tomorrow.Banknifty has consolidated for 2 days now. So, tomorrow it can give a big move till 44,000 levels. There are also good chances of gap up opening around 44,000. Let's see what happens. Refer the chart
12/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap down is going to open and today will be another short day
If the gap down opens and becomes support on the last day, then today the Banknifty will move in the range of 43400 - 43800.
And if the gap down opens and breaks the trend line with the last low, the Banknifty will move between 43400 - 42900 today.
Major Levels are 43400,43500
Make or Break Situation for IndexThis index is moving with the trendline and. It was trading above the trendline and taken support multiple time now after breakdown the index is treating the trendline as resistance. levels shared on the chart, Trade accordingly.
09/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the market Gap-up is going to open today.
If today the Banknifty opens the gap and comes down and takes support around 43500, then target 43800-44000 can be opened.
Open target for 43300 - 43200 if 43500 becomes resistance after break the level
Major level 43500,43200,43800
Pin Point Prediction Of bank Nifty For 9-12-22Hello Trader,
This post is all about the prefect levels marked for today's trading . For more details how to use them and what is going to happen tomorrow , please check below. This will definitely make your understanding price action easily.
08/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the Market is going to open flat today.
If the Banknifty opens flat and breaks the last day low, then the down side Banknifty can be seen today. You can open the target for 42800 - 42600
If the Banknifty opens flat and sustains above 43200 till the last day which does not break then there will be no chance for entry today
Major Level 43200,43000,42900
Bank Nifty Levels & Strategy for 08/Dec/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: FIIs are super bearish from last 2 days. They are net seller in Dec. Today, market didn't like the RBI policy (specially commentary). Tomorrow's market move will be mainly based on Gujarat election outcome. My strategy will sell on rise with strict SL for tomorrow if I get good trade setup and decent Risk:Reward.
Important events to keep in mind for coming days:
1.Gujrat results on Dec-08.
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 07/DEC/2022
BANK NIFTY IS DOWN BY -40 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43099 43139 -39.85 -0.09%
India VIX 14.08 14.04 0.04 0.25%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43200 (Open Interest: 3452700, CE LTP: 129)
Max OI (Puts) 43000 (Open Interest: 3568500, PE LTP: 84)
PCR 0.68 (PCR is in bearish 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 covering, FAR OTM:Long Liquidation
Pin Point prediction Of Bank Nifty For 8-12-22Hello Traders,
The marking of this chart price action was posted yesterday , along with the trade ide to make your trading easy without confusion. You can see the accuracy of price movements And for tomorrow's price action can check below.
Yogesh Vats
07/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data the market is going to open flat today.
If the Banknifty sustains below yesterday's low by opening flat, then you can open a target of 42800 - 42650.
And if the Banknifty sustains above 43200 by opening flat, then you can open the target at 43500.
43050 to 43200 is a swing zone, you can avoid that area
Major level 43000,43200
Triangle Pattern The index is trading in a range for almost 23 days and now its forming a triangle type pattern.
06/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today the Banknifty will open small gap down
Open target 42800 - 42600 if Banknifty breaks 43000 today with gap down and sustains below 43000.
After a small gap down if Banknifty take support last day swing area 43150 level . then open target for last day high 43370
Major level 43150,43000
