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Bank Nifty Level & Strategy for 23/Nov/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 continued to trade in small range. Big players have significantly reduced their long as well as short positions. F&O action - new longs & short covering in calls & put writing (ATM/OTM, ITM) is indicating strength in Bank Nifty. Overall, Bulls Vs Bears positions with positive bias are pretty much balanced with highest OI in CE & PE at 42500. However, we should continue to book profit at higher level. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 22/NOV/2022 BANK NIFTY IS UP BY 111 POINTS Name Price Previous Day Change % Change Bank Nifty 42457 42347 110.50 0.26% India VIX 13.84 14.80 -0.95 -6.45% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 42500 (Open Interest: 3873475, CE LTP: 157.55) Max OI (Puts) 42500 (Open Interest: 2449875, PE LTP: 150) PCR 1.07 (PCR is in sideways to mild bullish zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Long Liquidation Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
18/11/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys , Good Morning Everyone, This week the market has been completely silent. And yesterday also as it was said that 42400 Above all, plan for buying. If you look at the market of the past, still the progress of selling is not visible. Right now we have two ways. *Mark this week's high and low and wait for breakout and break down, then take entry *Scalping the other way target 200 points like we did yesterday in our paid group * Major level 42400,42600,
NSE:BANKNIFTYShort
by mr_bull10
Bank Nifty Levels & Strategy for 18/Nov/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 has again hit new lifetime high. Big players are managing index at higher levels and profit booking is going on in stock & also at higher level in indices. Big players have turned neutral and option writers are making good money. Option buyers should stay away and get into trade only when volatility rises and market picks-up the momentum. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 17/NOV/2022 BANK NIFTY IS DOWN BY -77 POINTS Name Price Previous Day Change % Change Bank Nifty 42458 42535 -77.25 -0.18% India VIX 14.88 15.10 -0.22 -1.47% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 42500 (Open Interest: 1760750, CE LTP: 335.05) Max OI (Puts) 42000 (Open Interest: 1675700, PE LTP: 163) PCR 1 (PCR is in sideways zone ) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
Banknifty for tomorrow 15 Nov 2022Banknifty opened with a slight gap on the upside at 42177 vs the previous close at 42137. Price did not sustain the gap and moved lower but traded within the range of the previous day's candle, forming inside the candle. You can clearly see the price action on the hourly chart, and how well prices moved with Friday's first-hour candle. Now breakout on either side would decide the fate of the bank nifty in the short term. Long terms charts are still positive. Immediate support @ 42000 Further Support @ 41380-4140 Immediate Resistance at 42200 Plan your trade accordingly
NSE:BANKNIFTY
by manuagarwal21
Banknifty for 14 Nov-18 Nov 2022 multi timeframe analysisBanknifty is trading at all-time highs. Friday's close was at 42137. Monthly chart October Candle: Big Bull Candle, suggesting bulls are in the driving seat. RSI: Above 60 - Bull Range with high momentum. November Price Action till now: The month started with a gap up opening at 41552 vs the previous month's close @ 41307( 245 points), right now near month high. Monthly support @ 39000-39100, above this level, banknifty most probably moves higher, and a dip would be an opportunity to accumulate or create fresh positions. Monthly Verdict : Positive Weekly Chart Candle: Indecisive candle at high, suggesting increased volatility, though the candle is HH HL structure, any dip would be an opportunity to buy. Weekly Support @ 40320 -40550 RSI @67 - Bull range Weekly Verdict: Positive Daily Chart Price Action: Friday was a gap-up opening at 42137 vs the previous day's close at 41603( approx 534 higher). Candle: Doji at highs - suggesting high volatility and wild swings moving forward. Immediare Support : 41380- 41400 Immediate Resistance: 42350 - 42420 RSI : 67 - Bull Range Verdict: Positive - Buy on dip and trade with Strict SL Hourly Chart Immediate Intraday support at 42117 ( May or not get hold) Further Intraday support @ 41700 CMP: 42137 Wait for a dip or trade with the Monday's first 15 min or hourly candle low's Stop loss.
NSE:BANKNIFTY
by manuagarwal21