Banknifty technical analysis for tomorrow (06/Dec/2024)Bank Nifty moments for option and future trading 06/Dec/2024
follow us for more updates information.
message us for any stocks related information
Niftybanklevels
Nifty bank levels and targets for tomorrow 29/Nov/2024Nifty Bank Prediction for 29th November 2024
Nifty bank levels and targets for tomorrow.
follow for more update and information
The Bank Nifty experienced a pullback, relinquishing early gains and failing to sustain its upward trajectory, closing at 51,906.85 with a 0.76% decline.
On the daily chart, the index struggled after breaching the 52,600 level, reversing gains and engulfing the momentum of the last two sessions. This weakness was largely driven by private banking stocks, as the Nifty Private Bank Index fell by 1.11% for the day. Despite forming a bearish reversal pattern, the Bank Nifty remains above its 50- and 100-day exponential moving averages (DEMA), indicating strong support around the 51,500 level. A breach below this could extend the correction to 51,000 & 50700 levels.
Traders are advised to adopt a stock-specific strategy within the banking sector and consider a "buy-on-dips" approach for the near term.
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.
BANKNIFTY can be bearish from 51466-51647 51466-51647 Levels are very important for BankNifty to sustain. If it break above these levels, then a new all time high can be seen in Sep month. Mostly likely, BankNifty could fall from here to be bearish again and break 49,815 levels. This level is a pure selling level above the fair value gap that was created on 5th Aug.
BANKNIFTY Levels for 19.08.2024Hi,
Here are the chart levels for NSE:BANKNIFTY for 19.08.2024. As per my analysis Weekly and daily charts are showing bullish price action. This is my personal analysis, Kindly do your own analysis/research to take any trade. Thanks & Regards.
Bank Nifty for TomorrowThe black lines drawn are important levels which can be support ad resistance for Tomorrow 27th December 2023.
NIFTYBANK Upcoming LevelsHi, here I am sharing NSE:BANKNIFTY upcoming support and resistance levels for coming days.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Nifty Bank Intraday Levels for 30JUN23Hi,
Here is intraday levels of NSE:BANKNIFTY for 30th June 2023.
You can plan your trade according to levels breakout or brake down. Thanks.
BANKNIFTY NEXT LEVEL 26 MAY 2023As per my analysis 43742 is now support level for NSE:BANKNIFTY . Now every dip is buying opportunity until sustained below 43490. My expected upside target would 44890.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
BANKNIFTY Up Side Level 16May2023As per my analysis if NSE:BANKNIFTY 45min candle closed above level of 44151, then we can see up side move up to level of 45380.00 on positional basis. We can expect correction only if it break and sustained below down side level of 43872.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
BANKNIFTY 13.02.2023 VIEWAs per my analysis, NSE:BANKNIFTY spot support is 41395. My view is for upside only. We can expect upside level of 41850 once price sustained above level of 41395
Note: This is my personal analysis, only for learning. Thanks.
Nifty bankHello Everyone,
Today Nifty Bank was trading in a very tight range in the morning session. After than it breaks its support of 41350 and fall unto 41100 after that it tried to rise and breaks its support line of 41350 and move 200++ pts up and hence, ended the market in green.
In this whole fluctuation of today's market over view is set to be bullish for next day. We expect it to touch 42000-42300 range which will show a good market condition in the banking and allied stocks. The impact of budget on the market are seeming lightly today as volatility has decreased quiet comparing to past 4-6 trading session.
So our trading range for upcoming days is between 41000-42000 (+/- 200pts as per India VIX).
Thanks
BANKNIFTY Levels for 27.12.2022As per my analysis, NSE:BANKNIFTY is taking support and sustained above 42451, it can move up to level of 43100
Note: This is my personal analysis, only for learning.
Bank Nifty Levels & Strategy for 08/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: FIIs are super bearish from last 2 days. They are net seller in Dec. Today, market didn't like the RBI policy (specially commentary). Tomorrow's market move will be mainly based on Gujarat election outcome. My strategy will sell on rise with strict SL for tomorrow if I get good trade setup and decent Risk:Reward.
Important events to keep in mind for coming days:
1.Gujrat results on Dec-08.
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 07/DEC/2022
BANK NIFTY IS DOWN BY -40 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43099 43139 -39.85 -0.09%
India VIX 14.08 14.04 0.04 0.25%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43200 (Open Interest: 3452700, CE LTP: 129)
Max OI (Puts) 43000 (Open Interest: 3568500, PE LTP: 84)
PCR 0.68 (PCR is in bearish 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 covering, FAR OTM:Long Liquidation
BANKNIFTY Weekly Support &Upside TargetAs per weekly chart on NSE:BANKNIFTY . We can see 41960 is the major support on closing basis. We can expect next upside target would be 45020 in next upcoming months.
Note: This is my personal analysis, only for learning.
Thanks.
Nifty Bank option strategies tomorrow 19.9.22Nifty Bank option strategies tomorrow 19.9.22
Nifty Bank 15 min chart recovery from day low
tomorrow positive sentiment may be open in green.
next week RBI meeting is there
BANKNIFTY Trend AnalysisIt is moving inside a descending broadening wedge pattern similar to NIFTY50.
Expecting BANKNIFTY to hit 34900-35000 level before the last dump towards 32000 level if it will form Adam & Eve pattern I have highlighted as V shaped bottom and rounding bottom.
Only if the 5th wave is overextended, it can reach the edge of the pitchfork at 30180 level.
Both the scenarios are possible.
35000 level is at the confluence of 20 MA, trendline resistance and the top of the runaway gap which is going to get filled.
Will update as pattern unfolds in near future.
Do your own due diligence before taking any action.
Peace!!
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.
Bank Nifty Futures Entry & Targets for TodayBank Nifty Futures Entry & Targets for Today.
(This is For Education Purpose only, Don not take trades based on our views. If you take trades based on our views you are responsible for your profit and loss.)
Bank Nifty Entry & Targets for TomorrowBank Nifty Entry & Targets for Tomorrow. Note: Do not take trade on the basis of our view.
NiftyBank Futures Positional trading levels on daily time frameMajor Resistance 36887.05
Major Support 36472 to 36255
This is buying zone and Stop loss level for Positional long
Positional Longs Potential upside target of 1500 Points in Coming days
1st target 37274
2nd target 37782
3rd Target 38500
Short side target 35750 to 35700 Incase of breakdown below support level
short side 2nd target 35000 to 34800 incase of breakdown from 1st support zone.
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.
Nifty Bank Futures Key Trading levels for 5th Oct 2021Nifty Bank Futures Key Trading levels 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
