Bankniftytrading
Banknifty breakout level for tomorrowThe index is trading within 600 points range.
The current trading range is no trading zone as direction is not clear.
Wait for one 15 min candle to break this range and close out of this range either side.
After breakout 500 points move expected.
Banknifty Double Bottom?On 15 min time frame double bottom pattern is visible and breaking above 33620 will activate this breakout.
On the flip side below 33000 will reject the setup and we will head towards 1000 points correction.
BANKNIFTY EOD Analysis 10th June 2022 - More Downfall is coming!NSE:BANKNIFTY Is in full control of BEARS, as the downfall is continuous and looks like everyone is Selling.
Downward Parallel Channel strategy is working pretty solid as you can see in the graph
Even the last bounce we got is DEAD CAT BOUNCE and looks like it would not hold.
Next TGT on downside is easily 34180 levels and around the BUYZONE shown in graph.
On upside, BNF to face huge resistance at 34650-34800 levels, which seems intact in near term.
Banknifty view for 10/04/22Bank nifty opened gap down and in the last trading hour it shot up breaking, sustaining and closing above the 20 DMA.
Thou, on horly time frame it has closed between the 2 moving averages.
On 15 minute analysis, it has taken resisitance from its 200 ema in final minutes of session.
Support :- 35000, 35800
Resistance :- 35200, 35300
Markets can remain sideways or in the uptrend.
Wait and watch the price action near the levels before trading the market.
BANKNIFTY heading down to 34800 levels ? Time to go SHORTBANKNIFTY is showing weak signals and may go down to 34800 levels.
Due to heavy intraday selling pressure from FIIs specially in Banking/Financial sectors, is pulling Nifty Bank.
BANKNIFTY has to break above 35450 levels decisively with Big Green candle w/t heavy volumes to scare the Bears.
If BANKNIFTY is unable to hold 35175 levels, then it can fall drastically to 34800 levels which is a strong Buy Zone.
Banknifty Expiry Setup 02/06/22Banknifty is trading in 1000 points range
Breaking out of this range will activate 1000 points target.
Banknifty rejection from 200 DMABanknifty need to sustain above 200 dma for further up move. Closing above 36150 will activate is 200 dma breakout and we can see 37000 level near future.
BANKNIFTY Trend AnalysisFall started at key level around 35985 (Dashed yellow line).
Today's closing below that level indicates possible fall.
There is a strong bearish divergence in RSI with declining trend in volume.
Most heavyweight constituents are in confluence as they are at their key resistance levels.
Expecting the bottom to be around 32200 level.
Do your own due diligence before taking any action.
Peace!!
what u think folks.. banknifty is ready to touch these levels..?sorry for this late post because I was on. vacation. a much-needed rest and some time to digest the money we earn from the markets.
but I am back now. now I will update u guys with all the price action on nifty50 & bank nifty.
what u think about this price action do let me know in the comments ya.
Thankyou Traders.
Banknifty view for 31/05/22.Bank nifty opened gap up but couldn't hold the level of 36000.
Bank nifty was weak as conpare to nifty and closed below its 200 DMA.
On 15 minute analysis, it closed below 20 ema.
Support :- 35800, 35660, 35400
Resistance :- 36000, 36230
Nifty and banknifty both traded in opposite directions.
Wait and watch the price action near the levels before trading the market.
BANKNIFTY Daily and Weekly Technical AnalysisBANKNIFTY Daily/Weekly timeframe analysis shows firstly that BANKNIFTY is following this Disjoint Channel from quite sometime this year. Also, shows that on higher side it needs to break above 36050 levels with force n volume with big single day candle to scare the bears and run for cover. This upmove can trigger a short covering rally and cause upward further momentum.
But chances of downside also can't be ignored as 36000 lvls can act as strong Resistance in this coming week.
Note: Levels are of BANKNIFTY futures n not of underlying Index
Banknifty 200 DMA resistanceBanknifty is trading near 200 dma. Closing above 200 will accelerate up move and we can see 37300 to 37700 level near future.
Banknifty Weekly ChartBased on this chart on weekly time frame banknifty can reach up to 37373 which is channel resistance.
On this flip side closing below 33000 will accelerate panic selling.
Nifty Short LongEducational Purpose Only
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Banknifty AnalysisBanknifty analysis on one day chart. Now we can see clear breakout candle on one day chart. Here we can expect short term uptrend.
Banknifty Expiry Video For Tomorrow 26-05-2022How to trade banknifty on monthly expiry.
I have mentioned all the important level for expiry.
Tomorrow Is monthly expiry so volatility will be high.
Best Banknifty Setup For Tomorrow 25-05-22Banknifty video setup for tomorrow
I have mentioned all the important levels.
Chart is for learning purpose
Banknifty Weekly, Daily and Intraday levelI have shared all the important levels for coming week.
Like and follow for more videos and charts.
BankNifty Intraday Trade Setup for 20th May 22 (Trading Idea)After a vast Gap Up, we have seen some strong buying happening and the market is moving towards the upside, how long will this continue? so what should be our trade plan for the day? The chances of delta moves is very high.
Let me know if you have any questions in the comment
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The chart is for study purposes only!!
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Banknifty best expiry levelsBuy above 35550
Target 33680, 33790,33888.
Sell below 33300
Target 33120, 33000.
Bank Nifty Analysis/Prediction for Expiry Day 19-05-2022 (Wed)NSE:BANKNIFTY
For flat Opening
🟢 Buy CE, if price closes above 34410
👉 Target Should be 34700
🔴 Buy PE, if price closes below 33970
👉 Target Should be 33530
For Gap-Up Strategy (Below 34350)
🟢 Buy CE, Near 34200
👉 Target Should be 34700
🔴 Buy PE, if price closes below 33970
👉 Target Should be 33330
For Gap-Down Strategy (Below 34000)
🟢 Avoid CE
🔴 Buy PE, Near 34000
👉 Target Should be 33520
