Nifty Bank Prediction for 26th November 2024Nifty Bank Prediction for 26th November 2024
Nifty bank moments for intraday and option trading.
Bank Nifty opened higher at 52,046.35 on Monday, reaching an intraday high of 52,331.10 during the opening bell, marking a sharp intraday rally of approximately 1,000 points before closing at 52,207.50.
This performance extended Friday's gains, driven by strong buying interest in PSU stocks, which saw the PSU index rise by 7% over the last two sessions. The rally was fueled by positive market sentiment following the BJP's victory in the Maharashtra elections.
On the daily chart, Bank Nifty closed above the 50-day SMA with a gap-up opening, signaling short-term optimism. Looking ahead, the index has key support levels at 51,800 and 51,500, while resistance is anticipated around 52,600 and 53,000.
Niftybankintralevels
Bank Nifty Levels & Strategy for 09/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: Today Bank Nifty hit & close at new lifetime high & now heading towards 44K level. FIIs were super bearish from last 2 days. Today, they switched the gear and became bullish in F&O after Gujarat election results. They are still net seller in cash segment in Dec. Two major events are over now RBI policy (specially commentary) & election results. Now, market will wait for US Fed policy in next week.
Buying momentum is very strong. Option data is indicating bullish move. Retail traders should look for buy on dips opportunity, book profit near lifetime highs & simply follow the trend till Bank Nifty continue to respect & hold the major support levels.
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 08/DEC/2022
BANK NIFTY IS UP BY 498 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43597 43099 498.15 1.16%
India VIX 13.40 14.08 -0.68 -4.83%
OPTION STATISTICS BASED ON 15/DEC/2022 EXPIRY DATA
Max OI (Calls) 44000 (Open Interest: 1189925, CE LTP: 129.25)
Max OI (Puts) 43000 (Open Interest: 1443925, PE LTP: 82)
PCR 1.31 (PCR is in buying Zone)
Bank Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Simple Trade Setup | BANKNIFTY | 21-04-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 21-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 18-04-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 18-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Nifty Bank Key Support & Resistance for 5th Oct 2021
Nifty Bank Spot Key Support & Resistance for 5th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together
Nifty Bank Futures Trading level for 30th Sept 2021
Nifty Bank Futures Trading level for 30th Sept 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor for before making trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together
Nifty Bank Futures Trading level for 21st Sept 2021Nifty Bank Futures Trading level for 21st Sept 2021
based on Camarilla Pivot Points
Disclaimer: These levels are purely based on Price action/demand and supply zones & Technical Analysis and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor for before making trading decision.