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Bankniftytrading

Bank Nifty Levels & Strategy for 21/Oct/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 Bank Nifty slipped in red and Bears are trying to regain the control. Today, once again Bears as well as Bulls were rewarded who traded based on good quality setup. Buy on only when price action indicate you to buy & vice versa in case of sell. PCR is indicating weakness & weakness in Indian Rupee is hurting Indian traders. We have Diwali two days of Diwali vacation prior to October expiry. Please avoid trading (specially buying) in weekly options. Your overnight position must be hedged & trade based on good quality trade setup. Bears have slightly upper hand at higher levels. Shall we continue to buy on dips & sell on rise with strict SL untill market trend is clear? Yes, I think so. Please share your thoughts. BANK NIFTY SCORECARD DATED 20/OCT/2022 BANK NIFTY IS DOWN BY -274 POINTS Name Price Previous Day Change % Change Bank Nifty 40100 40373 -273.65 -0.68% India VIX 17.23 17.49 -0.25 -1.46% OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 1750875, CE LTP: 120) Max OI (Puts) 39000 (Open Interest: 1507475, PE LTP: 72.7) PCR 0.84 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Long Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
3
Nifty and Bank Nifty Support & resistance levels on 18 Oct 2022Good morning 🌞 Have a profitable day 💰👍🏻 Morning Market Update 18 Oct 2022 SGX NIFTY is indicating a Gap up opening 👉 SGX NIFTY is trading at 17462 up by 147 points 👉 US futures are in Green 👉 ASIAN Market is in Red 👉 USDINR at 82.19 In Nifty 17300 PE and 17300/17500 CE have high Open Interest in weekly In BankNifty 39500 PE and 40000/40500 CE have high Open Interest in weekly 👉 Asia-Pac Stocks Follow Suit To The Gains Across Global Peers After The UK's New Chancellor Announced A Reversal Of Most Of The Measures In The 'Mini-Budget' And As US Bank Earnings Also Added To The Tailwinds; ASX 200 (+1.3%), Nikkei 225 (+1.4%), KOSPI (+1.2%) 👉 STOCKS TO WATCH: MAH SEAMLESS, CONTAINER CORP, CANFIN HOMES, KSB, ADANI TRANS, ORIENTTAL HOTELS, ASTER DM, TATA COFFEE, SJVN, ASHIANA HSG, JINDAL DRILLING, ZEE ENT, SAMVARDHANA, ANDANI ENT, TATA METALIKS, MOTILAL OSWAL, SHRIRAM TRANSPORT 👉 Stocks Ban In F&O: Delta Corp, Indiabulls Hsg, India Cement
NSE:BANKNIFTY
by PrathapTrader
BankNifty levels for 17 Oct 2022Good morning 🌞 Have a profitable day 💰👍🏻 Morning Market Update 17 Oct 2022 SGX NIFTY is indicating a negative opening 👉 SGX NIFTY is trading at 17079 down by 134 points 👉 US futures are in Green 👉 ASIAN Market is in Red 👉 USDINR at 82.34 In Nifty 17000 PE and 17300 CE have high Open Interest in weekly In BankNifty 33900 PE and 39500 CE have high Open Interest in weekly 👉 Asian Stocks Are Negative After Friday's Declines On Wall St Where Risk Assets Were Hit By Inflationary Concerns, While The Region Also Digests Hawkish Global Central Bank Rhetoric And China Sticking To Its Strict COVID Policy; ASX 200 (-1.4%), Nikkei 225 (-1.1%), KOSPI (-1.2%) 👉 STOCKS TO WATCH: DMART, HDFC BANK, L&T INFO, GARWARE TECH, BAJAJ AUTO, TATA ELXSI, JUST DIAL, DBL, BIRLA CORP, DLF, NBCC, ANSAL PROP, ADANI PORTS, ICICI PRU, SHREE CEMENT, NARAYANA HRUD, OLECTRA GREEN, TATA POWER, VOLTAMP TRANSFORMERS 👉 Stocks Ban In F&O: Delta Corp, Indiabulls Hsg, India Cement
NSE:BANKNIFTY
by PrathapTrader
38500- 38800 zone may act support BankNifty — Last friday there was a gap up but index failed to hold at these level and we saw a selloff from these levels. Situation 1- After gapdown index may take support @ 38800 level and bounce towards 39550. Situation 2- If index failed to hold above 38500 then further correction possible. #Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
NSE:BANKNIFTYLong
by TheStocktrader_Skn
Bank Nifty levels for 14 Oct 2022Good morning 🌞 Have a profitable day 💰👍🏻 Morning Market Update 14 Oct 2022 SGX NIFTY is indicating a Positive opening 👉 SGX NIFTY is trading at 17252 up by 295 points 👉 US futures are in Green 👉 ASIAN Market is in Green 👉 USDINR at 82.18 In Nifty 17000 PE and 17000 CE have high Open Interest in weekly In BankNifty 38500 PE and 39000 CE have high Open Interest in weekly 👉 Asia-Pac Stocks Are Higher And Take Impetus From The Gains On Wall St Which Staged An Aggressive Comeback Amid Several Factors Including A Dovish ECB Staff Model View, UK U-Turn Speculation And A Touted Short Squeeze; ASX 200 (+1.5%), Nikkei 225 (+2.3%), KOSPI (+1.5%) 👉 STOCKS TO WATCH: INFOSYS, ANGEL ONE, POWER MECH, MINDTREE, COAL, HDFC LIFE, CYIENT, ANAND RATHI, DEN NETWORKS, TATA STEEL LONG, RELIANCE, KPI GREEN 👉 Stocks Ban In F&O: Delta Corp, Indiabulls Hsg My view today 👇 we can see some profit booking in first 1 hour. Nifty above 17280 levels is good for longs and Bank Nifty 39300 levels above is good for longs
NSE:BANKNIFTY
by PrathapTrader
Banknifty daily analysis for13/10/22(weekly expiry) Banknifty on the daily time frame has form another inside candle and tomorrow expiry can be a trending one. The market has been consolidating in a narrow range and taking resistance from its 20 DMA. Market opens flat and remained in a up trend in the second half. The market has closed between both the moving averages. On 15 minute time frame, the market seems to form a bullish moving averages cross over. Support:- 38930, 38640, 38530 Resistance:- 39160, 39390, 39520 Markets are trading in a broader range of 800 points. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Bank Nifty Levels for 12 oct 2022Good morning 🌞 Have a profitable day 💰👍🏻 Pre-Market Report 12 Oct 2022 SGX NIFTY is indicating a Flat opening 👉 SGX NIFTY is trading at 16964.5 up by 0.14% 👉 US futures are in RED 👉 ASIAN Market is in RED 👉 USDINR at 82.31 In Nifty 17000 PE and 17200 CE have high Open Interest in weekly In Bank Nifty 38500 PE and 39000 CE have high Open Interest in weekly 👉 Asia-Pac Stocks Begin Subdued Following The Choppy Performance And Late Selling Stateside After BoE Governor Bailey Rejected Calls For An Extension To Gilt Purchases Beyond The Friday Deadline; ASX 200 (-0.1%), Nikkei 225 (-0.2%), KOSPI (-0.1%) 👉 STOCKS TO WATCH: DELTA CORP, KIRLOSKAR ELECTRIC, L&T FINANCE, GENESYS INTL, SPANDANA SPHOORTY, SUZLON, TCS, RELIANCE, DLF, GUJARAT PIPAVAV 👉 Stocks Ban In F&O: Delta Corp, Indiabulls Hsg, India Cement My view today 👉 Any gap up will again get correction today, I will look for a selling opportunity.
NSE:BANKNIFTY
by PrathapTrader
Banknifty daily analysis for 12/10/22Banknifty seemed to hold the levels and remain strong as compare to the other index (Nifty). The market has formed an inside candle and closed nearly 1% lower. Banknifty consolidated in a box and in the last hour of the trading session banknifty broke down the levels and closed below it. The market has taken resistance from its 200 ema on the hourly chart and has clearly respected it. On the 15 minute time frame, the market has close near the low of the previous day and took support from 38640 levels. Support :- 38640, 38530, 38290 Resistance:- 38770, 38870, 38960 The market are showing negative sign. Wait for the previous day high or low to break to take a trade. Wait for the price action near the levels before entering a trade. Let the markets decide the trend for swing and positional trades.
NSE:BANKNIFTY
by Mambotrade
Bank Nifty Levels & Strategy for 11/Oct/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 Bank Nifty closed almost flat (-85 points) in red zone. We are nicely coupled with US market. Best part is extent of fall in Indian market is low compare to US & global markets. Today, Indian market has absorbed the selling in US market and again shown tremendous strength. Today morning, gap-down was a known event for everyone after DOW JONES & Nasdaq were down significantly on Friday. Today also FIIs continued with their selling in cash as well as F&O segments. DIIs & HNIs buying helped recovery from not only from day's low but also crossed yesterday's high. Volatility continued today and market offered opportunities to bulls after gap-down, bears at yesterday's high and professional traders option writers. Working level by level was profitable. Shall we continue with sell on rise near resistance levels and buy on dips near support levels????? Yes, I think so. What do you think????? BANK NIFTY SCORECARD DATED 10/OCT/2022 BANK NIFTY IS DOWN BY -85 POINTS Name Price Previous Day Change % Change Bank Nifty 39093 39178 -84.95 -0.22% India VIX 19.62 18.81 0.81 4.31% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 41000 (Open Interest: 2521400, CE LTP: 16.5) Max OI (Puts) 37000 (Open Interest: 2156375, PE LTP: 8.4) PCR 1 (PCR is in sideways 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 Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
2