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Niftybank

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
NSE:BANKNIFTYShort
by manishmgupta
Bank Nifty Levels & Strategy for 07/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 bearishness ahead of RBI policy. Smart money/big players have added plenty of new bearish positions. USA market are already nervous ahead of another rate in next week. Tomorrow, we can expect a sideway move ahead of RBI policy. Post RBI policy market direction will be dependent on rate hike & commentary by RBI regarding inflation & growth outlook. Red Flags to keep in mind for coming days: 1.RBI meeting is going on. Reserve Bank of India (RBI) is likely to go ahead with another rate hike approx. 0.35% on Dec-07 2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen. 3.Gujrat results on Dec-08. Exit-poll results looking good for market 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 06/DEC/2022 BANK NIFTY IS DOWN BY -194 POINTS Name Price Previous Day Change % Change Bank Nifty 43139 43333 -194.40 -0.45% India VIX 14.04 13.73 0.31 2.26% OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA Max OI (Calls) 43200 (Open Interest: 2962250, CE LTP: 235.15) Max OI (Puts) 43000 (Open Interest: 3863625, PE LTP: 111.2) PCR 0.78 (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: Short covering, OTM:Long Liquidation, ITM:Short covering, FAR OTM:Long Liquidation
NSE:BANKNIFTY
by manishmgupta
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
NSE:BANKNIFTY
by manishmgupta
Will Nifty rally continues? Inverse Head and shoulders found.Don't forget to check out the chart analysis posted a few hours ago. Here I'm assuming with 15 minute time frame, that would give more clarification for a short-term upside potential or a retest possibilities to the all-time high area. As you can see from the chart, Nifty has formed an inverse head and shoulders pattern today. If Nifty can break the neck level or a gap-up above the neck line is considered as a bullish signal. But how long can we get a safe target? As with the head and shoulders pattern rules, you can adjust your target calculation using the length between the head and neck level. But surprisingly, this assumption also confirms further strong resistance levels are (18850-18900) area, I mentioned in the previous post. Moreover, the chart you are seeing now is of Nifty Indices, but in December future chart you cannot see this head and shoulder pattern, instead it is seen as an ascending channel, so the possibility of a downtrend is very high.
NSE:NIFTYShort
by DeepuPrabhakarTrade
Will Nifty rally continues? Is Nifty 20000 possible this year? Hi, as per my previous post our primary target was hit today and nifty showing upward pressure after going down to 38%. Will it rise further? Yes! Of course it can retest the previous day's high, exactly 78% of the Fibonacci ratio from the low created today. According to Elliott 5 wave movements, this can be the first phase of the 5th wave of the trend that started from November 10. But if you want to confirm it, it should goes up from the current all time high. There is a possibility that the market will come down from the resistance levels marked above between 18800 and 18900. If Nifty falls from that zone short positions can be taken for a few days. Also, if Nifty fails to hold above 18500 level, then our second target will soon become possible in this scenario. Please understand that nothing I tell you about market potential is a 100% guarantee.
NSE:NIFTY
by DeepuPrabhakarTrade
NIFTY FINANCIAL SERVICES DETAILED ANALYSIS. FUTURE TREND!!I have drawn many things in this idea, stay with me till the end, and I will clear you. first, let me talk about the future trend(because based on that and my prediction I have drawn the rest drawings), the future trend is the dark black line(drawn both support and resistance). the trend is based on the markets getting consolidated and its reaction shown by nifty finserv components. now how is that trend came to surety says the pullbacks drawn by arcs circle and arrows. i have drawn many of them, have a good good at those, those are majorly pullbacks and pullouts. its just that the market was very volatile at that time, like FII SELLING, DII BUYING, interest rates, money incoming etc.. so that made to disturb the trend, but we get to know it by the pull back strategy. now if you looked very carefull you could observe that the last arc drawn is in black, because nifty finserv, did not supported my trend, that actually because major FII selling had come on. like in major stocks like hdfc, icici, bajaj finance. banking stocks and bajaj finance(one to give high returns), sum the nifty finserv about 85%. thats a lot, so mostly nifty finserv is very closely related to bank nifty chart. since bank nifty chart has almost reached its top and making new ATH, this says that nifty fin serv, is at a very discounted, and at any time rally could come in. but this rally could be defined when US markets react positive and FII selling starts coming. and which is already started. DISCOUNTED STOCKS are meant by those which has a good possibility to go up. stocks such as hdfc, kotak, bajaj finance are much in discounted. icici bank has given a good rally, and same acts for SBI. the next part is the brush drawing: i feel that market could be volatile for several days/weeks because nifty50 is a bit overvalued so this could afraid the market to go in a buy side. there could be a clash of buying and selling, mostly giving some doji candles. if such happens, then January of next year, could be a great possibility to give a bull rally, in nifty finserv components. although this volatile theory could go wrong if market directly sees an upmove, instead of waiting much. to add on as a final point, markets where volatile at the time from AUG- OCT, after a bull rally came in. such case could be possible but this volatile market could be a small one, since many things have been formulated, and bad things(like global conditions, no need to mention it) are coming to an end. the price action and following trends is the best thing. mark some good levels in your chart, and check the trend, based on that start taking positions.
NSE:CNXFINANCELong
by raghavchoudhary2016
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
NSE:BANKNIFTY
by manishmgupta
7
Nifty in Downtrend what NEXT?Nifty is continuing the trend, but what happens now? Remember that it is only a correction, this movement can be considered as a correction part of the trend that started from September 30 so far. According to the Elliott wave, if the current correction is falling up to 38% to 68%, then it can be considered as the 4th wave correction of the five wave movement that start from the Sep 30. This is the golden ration you get when you mark the third wave from the 2nd wave using the Fibonacci tool. The big yellow box on the chart is the area where we have the last movement of the 4th wave. However, big buyers are currently seen playing in the 18300 and 19000 areas. So, we can find another small 5 wave movement started around November 10th. If this down movement is a 4th correction wave of the November 10th, it will not go below 18580 and start its upward journey from above 18580. You can find the retracement area is the small yellow box on the chart. In that case, the third wave of September 30 is not over yet, and a major downtrend can be expected at any time. .
NSE:NIFTYShort
by DeepuPrabhakarTrade
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
NSE:BANKNIFTY
by manishmgupta