Bankniftytrendanalysis
[INTRADAY] #BANKNIFTY PE & CE Levels(09/10/2023) Today will be gap down opening in BANKNIFTY . After opening if banknifty start trading below 44450 level then possible downside rally of 400-500 points upto 44050 Level. And this rally can extend for another 400 points if it gives breakdown of 43950 level. Any Major upside only expected in case banknifty starts trading above 44550 level. also possible Reversal upside 44050 level.
BANK NIFTY - Target Levels - 18.09.2023BANK Nifty Spot : 46154.05. Option Strike : 46100 CE & 46100 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers..
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
Don"t Enter Blindly.
We Focus On Our Daily Analysis..
Combination Theory Of Delta, Gamma & Thetta,.
Selection Of OI Analysis & Prediction Of Entry, StopLoss, & Targets,
Fibinacci Retracement Levels, Techninal View On Break Even Point.
Wait For Support or Resistance Breaking.. That Time Watch The Market Carefully.
Market Moves in UpTrend or DownTrend.
Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.
Its Most Important For Daily Tradings….
BY : newsbharathi27040.
13.09.23 BANKNIFTY 45500 CE & 45500 PEBANK Nifty Spot : 45490.1
Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option STRIKES & Level One Week.
Draw The Lines Buy, Sl, T1 to T5 Lines In Your Broker Application
Trailing Purpose Only.
Option Strike : 45500 CE
Buy At : 255, Sl : 230, Next Sl : 150
Target : 318
Target : 381
Target : 445
Target : 508
Target : 572
Target : 635
Target : 699
Target : 769
Option Strike : 45500 PE :
Buy At : 210, Sl : 190, Next Sl : 125
Target : 263
Target : 315
Target : 368
Target : 420
Target : 473
Target : 525
Target : 578
Target : 631
Every Target Point Is An New Buy Entry. First You Conform The Trend..
Market Goes Uptrend Or Downtrend. Then Only You Entre CE or PE Strike.
If You Enter... Stop Loss is Below The Entry 20 To 30 Points.. Otherwise You Loss The Money.
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point UPTREND Starts
Below The Break Even Point DOWNTREND Starts.
Don"t Enter Blindly.
BANK NIFTY 12.09.2023 LEVELSBANK Nifty Spot : 45570.7
Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option STRIKES & Level One Week.
Draw The Lines Buy, Sl, T1 to T5 Lines In Your Broker Application
Trailing Purpose Only.
Option Strike : 45400 CE
Buy At : 234, Sl : 210, Next Sl : 140
Target : 292
Target : 351
Target : 409
Target : 468
Target : 526
Target : 585
Target : 643
Target : 702
Option Strike : 45400 PE :
Buy At : 243, Sl : 146, Next Sl : 218
Target : 304
Target : 364
Target : 425
Target : 486
Target : 546
Target : 607
Target : 668
Target : 728
Every Target Point Is An New Buy Entry. First You Conform The Trend..
Market Goes Uptrend Or Downtrend. Then Only You Entre CE or PE Strike.
If You Enter... Stop Loss is Below The Entry 20 To 30 Points.. Otherwise You Loss The Money.
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point UPTREND Starts
Below The Break Even Point DOWNTREND Starts.
Don"t Enter Blindly.
BANK NIFTY 11.09.2023BANK Nifty Spot : 45156.40
Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option Level One Week.
Draw Buy, Sl, T1 to T5 Lines In Your Broker Application
Trailing Purpose Only.
Option Strike : 45000 CE :
Buy At : 366, Sl : 238
Target : 458
Target : 549
Target : 641
Target : 732
Target : ++++++++
Option Strike : 45000 PE :
Buy At : 110, Sl : 72
Target : 138
Target : 165
Target : 193
Target : 220
Target : +++++++++
Every Target Is An Entry Point. First You Conform The Trend..
Market Goes Uptrend Or Downtrend. Then Only You Entre or buy The Strike.
If You Enter Stop Loss is Below The Target 20 To 30 Points.. Otherwise You Loss The Money.
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point UPTREND Starts
Below The Break Even Point DOWNTREND Starts.
Don"t Enter Blindly.
BANK NIFTY 08.09.2023 LEVELSBank Nifty Spot : 44878.35
Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option Level One Week.
Draw Buy, Sl, T1 to T5 Lines In Your Broker Application
Trailing Purpose Only.
Option Buy 44500 CE : Buy At : 399 Sl : 259
T1 :499 T2 : 599 T3 : 698 T4 : 798 T5 : 898
Option Buy 45500 PE : Buy At : 212 Sl : 137
T1 : 265 T2 : 318 T3 : 371 T4 : 424 T5 : 477
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point UPTREND Starts
Below The Break Even Point DOWNTREND Starts.
SL Break Even Point Near.
BANKNIFTY--Which is Support,Demand or Resistance ??The neckline broken strongly...
the trendline broken strongly....
Price opens gap down and moved to down side drastically.
Now we have 2 options, where to look for short again.
1. Neckline or
2. Trendline.
So in order to reach these 2 points, price has to reversal,
so from which zone we can expect a reversal.
If we see on bottom side,
today price has taken the support from 44800 level, and price is exactly closed in a strong fall area 45100.
If tomorrow again opens a gap down and continuously fall, and breaks 44800 level
we have to look at 2 places for buy,
one is 44600 level and
another one previous strong resistance may acts as support 44500 and pushes the price upwards.
price closed at 45100 previously it is a strong supply,
so on continuous move it pushes the price more towards downside.
If price reaches any of these 2 places look for buy,
Look for sell @neckline or trendline. No retest is observed in this places.
Note:: Price may break the trendline or Neckline and moves upwards again to reach the ATH.
So careful here.
BANKNIFTY-- @Triangle Breakout Level??If we look at the chart price breaking the trendline and moving super bullish...
after breaking the trendline price moving like a rocket.
Today after breaking the trendline price is not moving much points....
it's slowly moving to the upside..
Case 1::
What happens if price not able to move upside::
If tomorrow price opens gap up and it has to move upside, if its bullish again.
Case2 :: If price opens gap down its clearly indicating bearish sign.
sellers will immediately take the price downwards...so no more bullishness in the market.
consider end of bullishness.
If tomorrow price falls below the trendline again...
we will wait for the perfect place to enter for short again.
by keeping the stop loss above the previous strong fall high.
targets up to the Demand and bullish gap point only.
If price breaks the 45600 level,
we will notice a strong fall happens up to 45200 area where there is more liquidity, to eliminate all the buy orders.
After a strong fall from the area 46100 level, today again price comes back to the same level..
To test the supply zone price is moving in a bullish channel...
so until price breaks this and retest will not go for short side....
Note ::
some times price opens up or down and fills the gap and continue fall or rise again...so be cautious in such cases.
will see what happens in the next session.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered.
BANKNIFTY--Retracement or Reversal ??Observations::
After a gap up opening price is reversed immediately....
can we consider this as a buyers exhaustion...
The previous bearish gap is resisting the price to go down...
if this failed we have an immediate support in the form of resistance acts as support...
previous multiple times that price got rejected from the same zone can push the price up...
until these zones failed to acts as support, then only will go for short side...
if todays bearish move is a retracement, then tomorrow we will observe a bullish momentum again..
if it is a bearish sign, resistances failed to acts as support a strong fall is going to observe...
If today's move is strong bearish and again rejects from top will be on bearish side up to...45100 levels.
Yesterday A strong bullish move is initiated to exit all the long positions...
then it will be fall again...
we will see what happens in the live market...
Bank Nifty Trade Setup (09-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. t
As mentioned in June 7th Trade setup price is moving in Ascending triangle pattern and to it took support near trendline.
Trade setup for tomorrow:
As we know patterns can fail today price took support near ascending trendline
1.) If opens flat and doesn't hold this trendline will look for short for target of support (43840,43700 and 43650.
2.) If it takes support at trendline will look for buying for target of 44141,44231 and 44300 or PDH.
3.) No trades in gaps only after solid setup. as i loose most in gaps some find easy to trade gaps. but they doesn't suit me. so will wait for good setup is there will be,otherwise no trades.
Bank Nifty Trade Setup (07-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
All indices are range bound from and only give risky trades no clear directions. and boring price action i avoided trading due to work and whenever i checked there was no movement in price.
If there were no gaps there could be good setups as price is in Ascending triangle and rejecting Resistance and take trendline support.
Support is placed at 44140, 44000.
Resistance is placed at 44500,44240.
For tomorrow's setup:
1.) If opens flat and takes support at 44240 for target of 44500.
2. if there are any gaps will only trade if there will be good setup. on lower TF.
No trades if there will be another range bound action.
Bank Nifty Trade Setup (29-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
As posted in previous day setup that from price as Banknifty is in parallel channel with 44151 to 44071 as resistance zone and 43470 to 43370 as support zone and on 26-May-2023 price was near support zone after a sell off in previous sessions and it took support near that support zone and moved all the way up to resistance zone moving almost 400 points in a day. so far it was a good session and worked as per trade setup.
( Cannot post previous day chart to keep record of this price action have to look for previous day trade setup.)
For tomorrow this will be my trade setup:
1.) If opens flat which is near resistance zone. if price doesn't hold near this resistance on 15 min TF then will look for selling after break of nearby support of 43880. If price took support on break of this resistance zone i will look for buying. (Views are bullish so will only trade against the primary trend with strict stop loss and target levels.
2.) If opens gap up above resistance zone and if takes supports above the resistance zone on 15 min TF with good candle pattern and volume. then will look for buying only for target will be open with stop loss of 44151 (ATH).
3.) If opens gap down at nearby support 43880 will look for price to take support or if it became resistance and target will be as per this parallel channel support zone which is 43750, 43650 and 43500.
Things to keep in mind:
As mentioned above views are bullish so will trade cautiously against the primary trend with strict stop loss and target level on downside.
Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. also one can comment how i can make it better or need any improvements in my trading setups and improving this journal. as this is my only trading journal not keeping any excel or any online sheets as i never used before.
BankNifty Top Down AnalysisDear TV Family Members, It’s been a while I have published any idea’s, been occupied for a while hope you all don’t mind.
Bank Nifty looks range bound between 44095 to 43757. Reason being on 5 min chart observed bullish shark harmonic pattern completed & in play, Bullish Gartley XAB completed.
Points as per TA observed on a 15 Min chart:
1. Bullish Shark Harmonic pattern completed as per chart below, Min target would be 43995.65 & Max target would be 44067.65.
2. Bullish Gartley XAB Completed as per below chart, If Price gets rejected anywhere between 43995.65 to 44067.65 then the pattern is still valid. If price crosses above X-A leg (44095.25) then pattern gets invalid.
Targets & SL provided in chart and screens for different time frames.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice (Non SEBI registered). So, please do your own DD (Due Diligence) before any kind of investment”.
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BANKNIFTY ANALYSIS FOR WEDNESDAY 24TH MAY FOR EDUCATION PURPOSE
If bank nifty sustain the level of 43950 and spend time and doesn’t break 43850, then 44050-44150-44200
If bank nifty break down of 43950 spend time and break down 43750, then bank nifty 43650-43550-43450.
This video is for educational purpose and my personal view .
Kindly take the trade according to your risk and reward position and consulting your advisor.
BANKNIFTY--Break @ATH or Reversal ??---->> The index is trending upwards.
----->> until price breaks demand zone@43500-43350 level, no sign of bearishness in the BN.
----->> The demand created @ 43600 have a chance to take the price above 44200 levels, careful here short.
----->> After taking the support from these levels, price is not moving above the 44200 levels.
yesterday showing bullish pressure @43600 levels, if it will continue to move will see a new highs above
@All time highs.
@ This level, sellers aggressively try to push it downwards.
If buyers failed to take above levels, causing a break below 43500-43350 levels, sellers will take advantage of it causing break of bullishness.
Consider only a short term downtrend.
------->> Fake outs may possible @44200 levels, keep track this levels.
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BANKNIFTY--Enters in to Consolidation ??----------->>the stock is trending upwards in daily time frame. now the price is facing resistance 44000 levels.
------------>> We will wait for the price to break the range for confirmation of the trend of bank nifty, still it is in bullish trend.
------------>> Yesterday the price is in ranging.
------------>> the previous supply zone@43900-43850 clearly resisting the price to go down.
------------->> the previous demand zone @43450-43400 level failed to take the price above 44150 levels.
------------->>If price clears both these supply and demand zones , price heavily falls below 43400 levels and reach to 43100-43000 levels.
------------->> Keep track these zones, will the range be broken or not.
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If price breaks 44150 levels, we will observe again bullishness in bank nifty will take to new levels.
be careful here false breakouts may happen at these levels.
Now the plan C is working, may plan B also be possible. Manipulation and turning back again to below.
BANK NIFTY ANALYSIS FOR 19TH MAY FOR EDUCATIONAL PURPOSEIf bank nifty sustain the level of 43750 and spend time, then 43850-43950-44050-44150
If bank nifty break down the support level of 43750 and spend time, then bank nifty 43650-43550-43450-43350
This video is for educational purpose and my personal view .
Kindly take the trade according to your risk and reward position and consulting your advisor.
BANKNIFTY--Last push towards 44K or 1 left ??Observations::
---------->> the previous supply zone clearly resisting the price to go down , witnessed buyers succeed this time to take the price to higher levels.
---------->> Hence the price is closed @43900 levels.
If tomorrow price breaks 43400 level, we will observe a strong fall towards 43000,43100 levels
---------->> we have an untested demand zone @42200 will push the price upwards again to 43400 or 43600 (this will resist the price to upside again) gives pullback.
---------->> Be careful at 43000-43100 levels.
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consolidation + up move = fall again ,if price opens ((or falls)) below 43600 levels, look for sell opportunity at 43400 to 43600 levels.
BANKNIFTY--Bearish Turn or Bullish ??Observations::
---------->>Price opened gap up and observed a strong fall with consolidation.
---------->> the previous supply zone clearly resisting the price to go down, witnessed buyers failed to take the price to higher levels.
---------->> Hence the price is still closed in the range of 43600-43400.
If tomorrow price breaks this level, we will observe a strong fall towards 43000,43100 levels, if price again breaks 43000 levels, 42850 level acts as a pullback to 43000-43100 level, at this level previously strong sell off is observed, here(43000-43100) if again strong push to the down side happens price falls below 42850,up to 42400 levels.
---------->> we have an untested demand zone @42400 will push the price upwards again.
---------->> Be careful at 43000-43100 and 42500-42400 levels.
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consolidation + gap = fall again ,if price opens above 43600 levels, look for sell opportunity at 43800-43900 levels.