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Niftybankanalysis

Bank Nifty Long - Riding the Wave Last Friday, I initiated a long position on Bank Nifty, anticipating a bullish trend driven by a combination of positive economic indicators and sector-specific momentum. This analysis will break down the strategic reasoning behind this decision, supported by technical indicators and market sentiment. Trend Analysis: The Bank Nifty has been showing a robust upward trend, consistently forming higher highs and higher lows over the past month. • Support Levels: The index recently bounced off a significant support level, confirming strength in the ongoing trend. • Moving Averages: Bank Nifty is trading above both its 50-day and 200-day moving averages, a strong indicator of continued bullish momentum. • RSI & MACD: Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show bullish divergences, indicating that the upward movement has room to continue.
NSE:BANKNIFTYLong
by parthvparikh
BANKNIFTY Short Entry – BIG Targets Await!We’ve entered a short trade on BANKNIFTY based on a clear bearish signal at 51733.25. The setup looks strong, and we're now awaiting the targets to hit. Key Levels Entry: 51733.25 – Initiated as bearish momentum took hold. Stop-Loss (SL): 52155.40 – Positioned above the entry to manage risk. Take Profit 1 (TP1): 51211.50 – First target expected to be reached soon. Take Profit 2 (TP2): 50367.25 – Next key level to watch. Take Profit 3 (TP3): 49523.00 – Anticipating continued selling pressure to hit this target. Take Profit 4 (TP4): 49001.25 – The ultimate target in this short trade. Trend Analysis The price is moving decisively below the Risological Dotted Trendline, confirming a strong downtrend. All indicators suggest that the targets are within reach as selling pressure builds. This is going to be a high profit trade if it works out as per the chart. But, let's be ready for rude surprises and have the trailing stop at 51,748 in worst case scenario.
NSE:BANKNIFTYShort
by ProfitsNinja
Bank Nifty Mastery: Capitalizing on Volatility for Quick ProfitsToday’s trade exemplifies how strategic timing and keen market insights can turn volatility into opportunity. Leveraging technical analysis and precise risk management, we navigated the swings to secure a tidy profit in Bank Nifty. Dive into the details of our setup and execution strategy—perfect for traders looking to refine their approach in a dynamic market! This caption is designed to attract attention, summarize the trade’s success, and invite other traders to explore your analysis further.
NSE:NIFTYLong
by parthvparikh
BankNifty Drops! TP1 Hit as Short Trade Gains MomentumOn 17th October, BankNifty presented an opportunity for a short trade following an indecisive first 15-minute candle. The second 15-minute candle provided a clear bearish signal, prompting us to enter the short position at 51615.15. The price has already reached Take Profit 1 (TP1), confirming the initial strength of the bearish move. Key Levels Entry: 51615.15 – The short trade was initiated here after confirming the bearish momentum. Stop-Loss (SL): 51823.35 – Positioned above recent resistance to protect against potential reversals. Take Profit 1 (TP1): 51357.75 – Already achieved, indicating a successful start to the trade. Take Profit 2 (TP2): 50941.30 – The next target as the downward momentum continues. Take Profit 3 (TP3): 50524.85 – A further downside target if selling pressure holds. Take Profit 4 (TP4): 50267.45 – The ultimate target, signaling a significant decline if the trend persists. Trend Analysis The price has moved below the Risological Dotted trendline, confirming a strong bearish trend. With TP1 already hit, further downside movement appears likely as sellers remain in control. The short trade on BankNifty has made a solid start, with TP1 at 51357.75 already reached. The bearish trend suggests that the next targets could be met as momentum remains in favor of the sellers.
NSE:BANKNIFTYShort
by ProfitsNinja
Banknifty Intraday (26-06-2024)Price Levels: The Bank Nifty is trading at 52,630.15, with the high and low for the session being 52,746.50 and 52,599.25, respectively. Exponential Moving Average (EMA): A 20-period EMA is plotted on the chart with a value of 52,387.34. Support and Resistance Levels: The chart displays several horizontal lines indicating key levels: 52,671.65 52,500.75 52,028.45 Trading Signals: Buy Signal: "Buy Above 52,800; Target 53,250+" indicated by a green arrow pointing upward. Sell Signal: "Sell Below 52,450; Target 52,000-" indicated by a red arrow pointing downward. No Trade Zone: A highlighted area labeled "No Trade Zone" between the levels of 52,500.75 and 52,671.65 suggests that no trades should be taken within this range. The chart is likely used for intraday trading strategies, providing specific levels to enter buy or sell positions based on the Bank Nifty's price movements.
NSE:BANKNIFTY
by Praveenmor7
NiftyBank key levels for Feb 29, 2024Stay ahead of the curve with our daily Bank Nifty key levels! NiftyBank key levels for Feb 29, 2024 Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the fall of 700 points in BankNifty Link for yesterday’s levels, you can check it yourself :- Here are the key levels to watch for potential entry and exit points in NSE:BANKNIFTY Resistance Levels: - Refer the Red line on the chart Support Levels: - Refer the Green line on the chart Trading Strategy: - Long Position: Consider initiating long positions near support levels only after reversal confirmation for potential upside movement. - Short Position: Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement. Risk Management: - Always use stop-loss orders to protect against adverse market movements. - Consider position sizing based on risk tolerance and account equity. Disclaimer: These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Thanks
NSE:BANKNIFTY
by Nivesh_Labs
Nifty Bank View for Upcoming MonthHello Everyone, As we know on 1st of February, Union Budget is going to be announced. After that there will be a major reshuffle in the stock portfolios of the FIIs. Beside this Banking Sector is always on the top priority. So here we will discuss the major Support and Resistance Levels which if breaks could give a one sided momentum. So, basically we have seen Nifty Banks is trading closes near 45360 levels, if supposedly it takes takes support of 44500 and goes beyond that level then it will go till 43380 level. But if it start moving upward and cross the major resistance zone of 46300 level then there will be a great rally further. Upcoming levels shall be 47210-48270-49100. Optimistically the market mood depends on the Budget day and after that. One side momentum will start after next week of budget most probably. Thanks
NSE:BANKNIFTY
by TripuraInvescorp
NIFTYBANK - "Bonds-Bears-Bats"Two pictures, the big one is intra-day and the PIP is Weekly. Intra-day is picture showing the bearish bat pattern, which moved to its logical down path. Triggered on break of the 0.886 number break. This morning BOJ leaves rates unchanged, no trouble in moving any of the financial markets. The bank that has not rocked any boat. SNB leaves, BOE pauses despite expectation of hike. Markets punish. The much-awaited news of Bond Inclusion is liquidity additive, not sure if they are in short term equity additive. On the aggregate, it should add to the underlying investment pool when the global interest rate differences skew to us. At present with USD Rates of Closer to 6% and our Yields minus the Currency Depreciation, will be the considerations to keep in mind. Timing is important, for today, they are mere headlines, market may treat them at a later date. One dead cat bounce? The big trouble to the Index unfolds 43800-44200 range and base if they are taken out. The large Caps stocks have given away their advantage, while the small caps are prone to profit taking. The Second half of 2023 will go to the nimble and humble traders. Move over Exuberance, Return to Sanity (worth reading the speech form RBI). For the day 44400-44900 would fancy a range. Week-end fear or hopes will drive the last one hour. Dont be influenced by overseas cues for a change.
NSE:BANKNIFTY
by sreebhashyam
NIFTY BANK:- Soft Sourroundings Soft landing of the economy is the word that is catching cold. All hard landings in the first-place look like soft landing until it is over. Inflation is re-defined, calls for higher base from 2% is catching up. World is facing the debt scare with 337% of world GDP. Reports from RBI suggests our savings too are fast depleting. Further drill down of the numbers may reveal the cause and effect of these numbers. Equity is the new saving; Equity is the new debt remains the one of the takings. While the local currency pushes past 83.00 it is not going to draw any ire other than headlines, as it is commensurate with annual depreciation that we have witnessed if any it is at the lower end. One can aim a slow move towards 85.00. Diplomatic tussle with Canada is not a market mover yet and hence the space of PSU banks remains to be invested. Larger banks are mixed to the likes of HDFC, ICICI, AXIS and SBI the laggard remains the HDFC. Relative to the NIFTY, this index to get supported around the 45800 area, waiting to hit the ATH. Ahead of FOMC there will be reluctance to move either way and hence the range is preferred. Soft Sourroundings it the internal Women's clothing brand that filed for Chapter 11. US building permits are higher, but housing starts fall below the expectations. Yellen comments that inflation is starting to decent, (Michigan 5 Y inflation expectations moved to 2.7, an indicator that FED Watches). FED would pause today, to take stock of the aggregate of the rate hikes so far to gauge the final impact. At no point they would sound a rate cut. 45750-46250 range to work for the day. Attached graph stronger trendline, Ichimoku supports suggest to play from longs than otherwise.
NSE:BANKNIFTYLong
by sreebhashyam
BANKNIFTY - "Cuts and Hikes"Bank nifty graph more of punt at this point of time than to pen its character. Such is the element of time to spare. The PIP graph is clearly a V shape recovery. Move Over, August, Come September. The Weekly, four bear candles are greeted with equally strong four bull candles, rising around the previous high and Mid Bollinger Band. If you are not taught of this simple observation or learnt, or don't remember then it is time to revert back to basics. There simply is shortage of capital to allocate here at this point of time. Late market hours, China CRR (commodity positive, liquidity additive?), then comes the ECB hike. Market cheer both events. This morning China data Industrial Production and Retail sales both beat forecast, leave your doubts on reliability, markets don't care. Rural and Urban inflation remains newspaper material but no news driver to the stocks. What is more important is the reduction in borrowing, if the small savings mobilisation turns out above expectation, that is big positive to the bond markets and in turn to the banks. Credit growth to moderate (less pressure on costs?), the gap between deposits and credit to narrow without the broader decline in the bottom-line. US 3-10 Y continue to hit historic lows of 233 days, a phenomenon which empirically led to recession. WPI comes negative, added factor to take home. For the day expect move past 46150-250 probably an ATH today itself? won't be surprised. Carrying all logos of banks in my portfolio, nothing to leave. Caution, I am an Ex-Banker. Biased to Banks. Long stops 45800 towards 46800 (beyond this week)
NSE:BANKNIFTYLong
by sreebhashyam
BANKNIFTY- "The State" Run! Bank Nifty August losses recovered, yesterday move is in style despite it being an expiry day. That is testimony of the underlying market strength in this Index. Rotation here remains strong, one target around 47500 remains an objective to print. PSU banks join once again the bandwagon, there is lot more steam left to realise not just in the short term but in long term. The train just left may not be an exaggeration to say the least. Later in the day WPI numbers. US inflation data did not disturb the global cues. Elevated Crude, Russian Supplies remains points of news, that would resolve on its own. So not to be influenced even remotely at this point of time. The wealth effect is far more powerful to blunt the inflation, at least here. All gains and no pains remain so far on inflation. We did expect range, but the move past our top end was much to our delight. The close is near the previous resistance and thus today's action is vital, though inclined to be on the up. 46150-46250-46450 are the previous supply zones, while 45700-45400-45280 are support. Focus on path than price, PNB is over-weight on the PSU, then led by Canara, SBI to do the honours of ATH from PSU pack. On the Private HDFC is making bottom and can be a long-term space, but market focus is on high beta names at present. For the day stay 45800-46300 range. The PIP graph is pencilled with Elliot current wave is 5 and can potentially hit the ATH. Yesterday, 2 hours post market close of 45700 remains the fulcrum for further gains.
NSE:BANKNIFTYLong
by sreebhashyam