What Banknifty can do tomorrow.Banknifty has consolidated for 2 days now. So, tomorrow it can give a big move till 44,000 levels. There are also good chances of gap up opening around 44,000. Let's see what happens. Refer the chart
Bankniftyoptions
12/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap down is going to open and today will be another short day
If the gap down opens and becomes support on the last day, then today the Banknifty will move in the range of 43400 - 43800.
And if the gap down opens and breaks the trend line with the last low, the Banknifty will move between 43400 - 42900 today.
Major Levels are 43400,43500
Tomorrow banknifty levels Buy banknifty above 43515
Target 43622 43690 43785 43860
Sl 43333
Sell Banknifty below 43330
Target 43250 43130 43000
Sl 43417
Make or Break Situation for IndexThis index is moving with the trendline and. It was trading above the trendline and taken support multiple time now after breakdown the index is treating the trendline as resistance. levels shared on the chart, Trade accordingly.
09/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the market Gap-up is going to open today.
If today the Banknifty opens the gap and comes down and takes support around 43500, then target 43800-44000 can be opened.
Open target for 43300 - 43200 if 43500 becomes resistance after break the level
Major level 43500,43200,43800
Tomorrow banknifty levels We can see new high in banknifty today it can break its 9 days range with the help of W pattern (in 15m frame) .
Buy banknifty above 43514
Target 43643 43750 43900
Sl 43333
Sell Banknifty below 43333
Target 43190 43133 42953
Sl 43418
Pin Point Prediction Of bank Nifty For 9-12-22Hello Trader,
This post is all about the prefect levels marked for today's trading . For more details how to use them and what is going to happen tomorrow , please check below. This will definitely make your understanding price action easily.
BankNifty TODAY Support & Resistance LevelsBankNifty TODAY Support & Resistance Levels
Here you can find the Support and Resistance
Support Levels
S1 - 43000
S2 - 42880
S3 - 42769
Resistance Levels
R1 - 43198
R2 - 43278
R3 - 43498
Tomorrow banknifty levels Buy banknifty above 43130
Target 43206 43325 43417 43513
Sl 43000
Sell Banknifty below 42948
Target 42870 42742 42665
Sl 43010
For last 9 session banknifty was on range we expect tomorrow the same
Bank Nifty Bullish and Bearish ViewTrade at trendline breakout/break down. A big move will happen because of all the consolidation since the past few days.
Pin Point prediction Of Bank Nifty For 8-12-22Hello Traders,
The marking of this chart price action was posted yesterday , along with the trade ide to make your trading easy without confusion. You can see the accuracy of price movements And for tomorrow's price action can check below.
Yogesh Vats
07/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data the market is going to open flat today.
If the Banknifty sustains below yesterday's low by opening flat, then you can open a target of 42800 - 42650.
And if the Banknifty sustains above 43200 by opening flat, then you can open the target at 43500.
43050 to 43200 is a swing zone, you can avoid that area
Major level 43000,43200
Triangle Pattern The index is trading in a range for almost 23 days and now its forming a triangle type pattern.
06/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today the Banknifty will open small gap down
Open target 42800 - 42600 if Banknifty breaks 43000 today with gap down and sustains below 43000.
After a small gap down if Banknifty take support last day swing area 43150 level . then open target for last day high 43370
Major level 43150,43000
Nifty Bank Levels & Strategy for 06/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: Options data indicating mild bullishness. Smart money/big players are adding bullish positions. However, as a retail investor, we should continue to book profit near new lifetime high & wait for good trade setup/good buy on dips opportunities.
Red Flags to keep in mind for coming days:
1.Today, RBI meeting started. Reserve Bank of India (RBI) is likely to go ahead with another rate hike (approx. 0.25%) on Dec-07 then what will happen in banking stocks?????
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
3.Gujrat results on Dec-08. Exit-poll stuff started today evening.
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 05/DEC/2022
BANK NIFTY IS UP BY 229 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43333 43104 229.20 0.53%
India VIX 13.73 13.45 0.28 2.10%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43500 (Open Interest: 2402925, CE LTP: 162.15)
Max OI (Puts) 43000 (Open Interest: 3428300, PE LTP: 109.2)
PCR 1.08 (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
Bulls are in-charge, Price may see 43600 Index moving HH pattern and its forming a rising wedge, for intraday basis we may see 43600 tomorrow as per current pattern and then a profit booking is possible.
Pin Point prediction Of Bank Nifty For 6-12-22Hello Traders,
This post provides you the levels , I shared for today's trading where every action and reaction price used the se marking. Iy means you had the idea where market is going to take support and resistance. How to trade with these marking a detailed trade plan was discussed, check below. To make your trading easy , I share every day markings and trade plan. Hope you would find it easy to understand .
Yogesh vats
05/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the Banknifty is going to open a small gap today.
Open target for 42700 level if small gap up opens and breaks last day low (42900) by making 43300 resistance.
And if gap down makes last day low as a strong support and breaks 43300, and sustains above, then open target for 43500.
Major level 42900,43300,
Nifty Bank Levels & Strategy for 05/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: Options data indicating mild weakness. FIIs are super bearish & Retail traders are super bullish. Retail traders should be trading carefully near lifetime high levels & hedge their overnight positions. Wait patiently & trade only good quality trade setup with decent R:R.
Please find below BANK NIFTY scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 02/DEC/2022
BANK NIFTY IS DOWN BY -157 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43104 43261 -156.90 -0.36%
India VIX 13.45 13.36 0.09 0.67%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43000 (Open Interest: 3056650, CE LTP: 333)
Max OI (Puts) 43000 (Open Interest: 2718500, PE LTP: 191)
PCR 0.71 (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: Long Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
02/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the Banknifty flat is going to open today.
If the Banknifty opens a small gap down and moves to the upside, making 43200 a support, then the target will be the last day high
And if the Banknifty opens small down and sustains below 15 candles 43200 then opening the target previous day low target
Major level 43500,43200,43000,42800
Bank Nifty Levels & Option Data for 02/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.
Please find below BANK NIFTY scorecard, PCR update & options statistics for your reference:
BANK NIFTY SCORECARD DATED 01/DEC/2022
BANK NIFTY IS UP BY 30 POINTS
Name Price Previous Day Change % Change
Bank Nifty 43261 43231 29.65 0.07%
India VIX 13.36 13.81 -0.45 -3.24%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 43500 (Open Interest: 1701500, CE LTP: 200)
Max OI (Puts) 43000 (Open Interest: 1289625, PE LTP: 189)
PCR 0.8 (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 Buildup, FAR OTM:Short Buildup
Pin Point Prediction for Bank Nifty 2-12-22Hello Traders,
This post shows the marking levels prediction done for this day trading . The accuracy you can yourself feel in form of price action. Now what is going to happen tomorrow that I discussed in detail for making your trading easy, can check below.
Yogesh Vats
