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Banknifty daily analysis for13/10/22(weekly expiry) Banknifty on the daily time frame has form another inside candle and tomorrow expiry can be a trending one. The market has been consolidating in a narrow range and taking resistance from its 20 DMA. Market opens flat and remained in a up trend in the second half. The market has closed between both the moving averages. On 15 minute time frame, the market seems to form a bullish moving averages cross over. Support:- 38930, 38640, 38530 Resistance:- 39160, 39390, 39520 Markets are trading in a broader range of 800 points. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Bank Nifty Levels for 12 oct 2022Good morning 🌞 Have a profitable day 💰👍🏻 Pre-Market Report 12 Oct 2022 SGX NIFTY is indicating a Flat opening 👉 SGX NIFTY is trading at 16964.5 up by 0.14% 👉 US futures are in RED 👉 ASIAN Market is in RED 👉 USDINR at 82.31 In Nifty 17000 PE and 17200 CE have high Open Interest in weekly In Bank Nifty 38500 PE and 39000 CE have high Open Interest in weekly 👉 Asia-Pac Stocks Begin Subdued Following The Choppy Performance And Late Selling Stateside After BoE Governor Bailey Rejected Calls For An Extension To Gilt Purchases Beyond The Friday Deadline; ASX 200 (-0.1%), Nikkei 225 (-0.2%), KOSPI (-0.1%) 👉 STOCKS TO WATCH: DELTA CORP, KIRLOSKAR ELECTRIC, L&T FINANCE, GENESYS INTL, SPANDANA SPHOORTY, SUZLON, TCS, RELIANCE, DLF, GUJARAT PIPAVAV 👉 Stocks Ban In F&O: Delta Corp, Indiabulls Hsg, India Cement My view today 👉 Any gap up will again get correction today, I will look for a selling opportunity.
NSE:BANKNIFTY
by PrathapTrader
Banknifty daily analysis for 12/10/22Banknifty seemed to hold the levels and remain strong as compare to the other index (Nifty). The market has formed an inside candle and closed nearly 1% lower. Banknifty consolidated in a box and in the last hour of the trading session banknifty broke down the levels and closed below it. The market has taken resistance from its 200 ema on the hourly chart and has clearly respected it. On the 15 minute time frame, the market has close near the low of the previous day and took support from 38640 levels. Support :- 38640, 38530, 38290 Resistance:- 38770, 38870, 38960 The market are showing negative sign. Wait for the previous day high or low to break to take a trade. Wait for the price action near the levels before entering a trade. Let the markets decide the trend for swing and positional trades.
NSE:BANKNIFTY
by TheMamboMomentum
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
by manishmgupta
2
Banknifty daily analysis for 06/10/22The markets are following the global trend and gap up/downs are not give much opportunity for swing and intraday trades. Banknifty, after the gap up of 600 points, it gained only 300 points in forst hourly candle and consolidated whole day in a range. The market is still unable to cross the level of 39130. Banknifty has consolidated in a narrow range of 150-170 points after the initial push. There is a bullish moving average cross over on the 15 minutr time frame. Support :- 38960, 38780, 38510 Resistance :- 39130, 39510, 40000(round number) Wait the price action near the levels before trading the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty daily analysis for 04/10/22Banknifty on the daily time frame has formed an inside candle and is trading between 20 and 200 DMA. The market opened lower and from the first hour came for selling. Banknifty tried to hold the levels and in the second half the market faced a huge sell off and closed 600 points lower. The market, on the hourly time frame, took a resistance from its 20 ema. Even on the 15 minute time frame, the index has faced resistance from the 20 ema. Support :- 38000, 37280, 37680 Resistance :- 38158, 38280, 38530 The market has remained in a consolidation and has formed an inside candle. Take a trade only if the market crossed today's high or low. Wait for the price action near the price level before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum