Niftybank & Nifty 50 trading levels 24-12-21 (Boxing day)

Nifty bank: 15 minutes a candle

Nifty bank was bullish and nearly touched the level of 35500. For next trading day, if Nifty bank opens flat and sustain above 35500 then upside momentum can be seen. If opens gap-up then wait for the price action and then trade. If opens flat and trade below 35000, then downside movement can be seen. If opens gap-down then wait for the price action and then trade.

Nifty 50: 15 minutes a candle

There is a resistance of 17200 for Nifty 50, if crosses and sustain then fast upside movement can be seen. If opens gap-up then wait for the range to break. If trade below 17000 then bearishness will continue. If opens gap-down then wait for the range to break.

Niftybank & Nifty 50 trading levels for 26-11-21

Nifty bank: 15 minutes a candle

1. In today's trading session, Nifty bank close around 37350 after a volatile intraday session. Nifty bank has taken support of RED trendline during the day and trying to go up. It will be bullish only above 37500 level and sustain for few minutes to see good upward rally till 37800 and then 38000. If Nifty bank opens gap-up above BLUE trendline and sustain for 15 minutes then you will see upside movement very fast due to short covering.

2. Nifty bank is already in bearish mode because whenever it tries to go up then profit booking happens. For tomorrow's intraday session, it will be bearish below 36900. For risky traders, below RED trend line it will be good to enter the trade as per your risk. If Nifty bank opens gap-down around 37200 levels then do not trade, it might be a trap for bearishness, wait for the range and trade the range, accordingly.

Nifty 50: 15 minutes a candle

In today's session, Nifty 50 closed above 17500 level and tomorrow, if it sustain for 15 minutes or more then you will see upside rally till 17750. Nifty 50 has recovered due to good news in Reliance and other heavy-weight stocks are in upside mode due to short covering or profit booking for short positions. If Nifty 50 opens gap-up above 17600 level then wait for the momentum (upside or downside) then trade, accordingly because 17600 is the deciding level for upside or downside. It will be bearish below 17450 and if it opens gap-down then wait for the range and trade the range, accordingly.

Niftybank & Nifty 50 intraday trading levels 25-11-21 (Monthly Expiry Analysis)

Nifty bank: 15 minutes a candle

1. Nifty bank made some recovery in last trading day and in the morning today but Nifty bank rejects 37900 level and closed below 37500 and vanishes all recovery of the morning. For tomorrow, Nifty bank will be bullish above 36900 and sustain for 15 or more minutes. As tomorrow will be monthly expiry day of November so be cautious as premium decays fast. If Nifty bank open gap-up then avoid trading or look for bearish trade, only. Short covering will only occur, if Nifty bank trades above 38000 for fast movement.

2. Nifty bank is still bearish and for tomorrow it will be suitable to trade below 37250. If Nifty bank opens gap-down then wait for the range and trade that range on either side if it breaks. You will not get fast movement upside but below 37000 there will be fast movement due to Long unwinding till 36500 levels or further.

Nifty 50: 15 minutes a candle

Nifty 50 ends up in bearish mode in today's trade during last half of the trading session and rejects the level of 17600 and closed near 17400. It will be bullish only above 17600 and bearish only below 17350. If Nifty 50 opens gap-up or gap-down then wait for the range for an hour and trade that range either side it breaks. Nifty 50 is bearish due to Reliance, ITC, Infy, Maruti and other heavy-weight stocks.

Niftybank & Nifty 50 intraday trading levels 24-11-21

 Nifty bank: 15 minutes a candle

1. Nifty bank has shown some recovery and that little recovery came from short covering/profit booking from short positions. IT will become bullish above 37500 but bearish trend will remain the same and trend from bearish to bullish will change when it will close above 39000 and consolidate for few days. If opens gap-up then do not trade for upside in a hustle as the premiums are decreasing quickly in a blink of an eye.

2. Nifty bank will be bearish below 36900 when a 15 minute candle closed below this level, do not enter the trade in a hustle wait for the second time or third time to cross the low of this level's range. If Nifty bank opens gap-down near 37000 then wait for the 15 minutes and enter the trade, according to your own risk because it might be a trap as today's session is quite volatile. I expect tomorrow's session will also be volatile with slow upside movement, it is due to India VIX, the premiums are inflated.

 

Nifty 50: 15 minutes a candle

Nifty 50 has recovered and closed above 17500; to become bullish the Nifty 50 has to close above 17800 and consolidate between 17800 and 18000 for few days and then we will good fast upside move. Most of the heavy-weight stocks are recovered from last's days low due to short covering and profit booking from short positions. Today's session is quite volatile due to inflated premium. I expect tomorrow's session will be flat to take advantage of premium decaying by options writers. Nifty 50 will become bullish above 17550 and bearish trade can be take below 17280.

Niftybank & Nifty 50 intraday trading levels 23-11-21

Nifty bank: 15 minutes a candle

1. Nifty bank retraced from the level of 36700 after the fall of 1500+ points from day's high. It will be bullish only above 37400, for risky traders to enter the trade early at their own risk is above 37250. If Nifty bank opens gap-up between 37400 and 37250 then wait for the range and trade the range, accordingly.

2. Nifty bank is bearish and will go down only if it breaks 36650 level to achieve 36450 and then ultimate level of 36000 from where we can see a major bounce-back of 500+points. If it opens gap-down around 36500 level then wait for the range and trade the range, accordingly.

 

Nifty 50: 15 minutes a candle

Nifty50 is bearish and test the level of 17000 as soon as possible. Due to Reliance and Bajaj twins and HDFC twins and other heavy-weight stocks are cracking more than 2-3% and this fall may continue till we see the tapering decision by US Fed. Till then look for the opportunity to add good stocks in your portfolio and look for bearish trade.

Niftybank & Nifty 50 intraday trading levels 22-11-21

Nifty bank: 15 minutes a candle

1. Nifty bank is becoming bearish day by day. The Elliot wave suggests bearishness ahead on day-candle chart. It will be bearish when breaks 37750 level with volumes and sustain for 15 minutes or more then you can see more downward movement till 37450 and then 37000 levels.

2. Nifty bank will become bullish only above 38150 but that will be slow or very fast movement(a single 5 minute green candle). For that Nifty bank has to open above 38000 and sustain above it for some green candles then you can seen the movement, ahead.

3. If Nifty bank opens gap-up around 38500 levels then do not trade for upside but look for the opportunity for downside trade.

4. If Nifty bank opens gap-down around 37500 levels as I am expecting, then wait for the range then then trade, accordingly.

 

Nifty 50: 15 minutes a candle

Nifty 50 is making bearish structure due to Reliance and Saudi Aramco deal cancelled and also many heavy-weight banks are not supporting the Nifty50 to go up, also tapering tantrum making the mood of market quite confusing which leads to this bearishness. If Nifty50 breaks 17685 then it will become bearish to achieve 17500 and above 17850 it will become bullish but 18000 will be major resistance.

Niftybank and Nifty 50 intraday trading levels 17-11-21

 Nifty Bank: 15 minutes a candle

1. Nifty bank is looking bearish and most of the banks are in selling spree, specially private banks and lenders. If Nifty bank breaks the level of 38000, then you can see heavy selling with fast movement till 37500 or further 37000.

2. Nifty bank will become bullish when crosses 38550 level and hold for an hour then you can see upward movement but the movement will be slow.

3. If Nifty bank opens GAP-DOWN below 39000, then you can see immediate selling.

4. If Nifty bank opens GAP-UP around 38500, then wait for some time and trade accordingly.

Nifty 50: 15 minutes a candle

Nifty 50 closed below 18000, if it opens flat and goes down then you can see the level of 17800 and it it breaks 17800, then 17500 will be seen in quick time. Upward movement in Nifty 50 will be seen if it crosses 18050 with enough volume and all major components of Nifty 50 should support to go up. But it is looking bearish and on daily chart the price action suggest bearishness in short term.

 

Niftybank and Nifty 50 intraday trading levels 16-11-21

Nifty Bank: 30 minutes a candle

1. If Nifty bank opens flat and crosses 38800, then Nifty bank will achieve the target of 39050.

2. If Nifty bank opens flat and breaks 38600, the Nifty bank will touch 38450.

3. If opens Gap-up around 39000 levels, then wait the range and when the range breaks either side then trade accordingly.

4. If opens Gap-down around 38500 levels, then wait for the range and when it breaks either side then trade accordingly.

 

Nifty 50: 30 minutes a candle

Nifty 50 was bullish in last trading session but can not continue. It is waiting for some good news to move upward. Let see, if there is any news before the expiry. If not then it will break 18000 to again touch 17800 levels or 17500 levels, further.

Niftybank and Nifty 50 intraday trading levels 15-11-21

Nifty bank: 15 minute a candle

1. Nifty bank will become bullish above 38825 and sustain for sometime to achieve the target of 39100 and 39500, but the movement can be slow.

2. Nifty bank will become bearish below 38475 and sustain for few minutes to achieve the target of 38000 or more, movement will be fast.

3. Risky and professional traders can enter the trade, early, if Nifty bank crosses the Red trend line, then they can buy ATM PE/PUT.

 

Nifty 50: 15 minute a candle

Nifty 50 is in bullish trend and will continue it's bullish trend if crosses 18120 level otherwise it will make a range between 18000-18100. It will be bearish below 17800 but risky traders can enter the trade early when crosses the Red trend line and the buy PE.

 

Niftybank and Nifty 50 intraday trading levels 11-11-21

 Nifty bank: 1 hour candle

1. Nifty bank will only be bullish for fast upward movement when crosses the Blue trend line and sustain for more than 15 minutes. Then we can see the target of 39500 and 41000. Keep your eyes on the change in open interest for short covering.

2. Nifty bank host the fort of 39000 levels, if the breaks 38900 and sustain for more than an hour then we can see the slow downside till 38500, which I am not expecting but we cannot say anything in the market to happen.

 

Nifty 50: 30 minute candle:

At last Nifty 50 crosses the 18000 level, sustained, re-test and close above 18000. If Nifty 50 open around 18000, then we can the short covering with upside movement till 18200-18300.

Niftybank and Nifty 50 intraday trading levels 10-11-21

Nifty bank 1 hour a candle:

1.  Nifty bank will be bullish when crosses and sustain the Orange trend line, there is a strong support of 39000-38800, if crosses and become bullish then it will continue to move till 41000 and will take a halt in the range of 40150-40450.

2. Nifty bank will be bearish when crosses 39000 level, but from below there is sudden bounce-back can be expected or slow movement for downside. Do not expect Nifty bank to fall much, what I think it will achieve 43000 level in this month.

 

Nifty 50 15 minute a candle:

Nifty 50 will be bullish when crosses the Blue trend line and sustain for 15 minute or so.

 

Niftybank intraday trading levels 09-11-21

 Nifty bank 15 minutes a candle:

1. 39000 act as strong support today in Nifty bank for intraday. But Nifty bank make turn around from any levels below 39000 till it does not breaks 38450. If crosses then Nifty bank will be bearish for short-term or a week till expiry.

2. Nifty bank will be bullish above 40000 for short range or little profit. But it has to cross the Blue trend line.

 

 

Nifty 50 view:

Niftybank intraday trading levels 08-11-21

Nifty bank 15 minute a candle:

1. Nifty bank will be bullish for fast movement or new buying opportunities is above 40400, just after the crossing of the strong resistance from 40200-40400. You can buy ATM CE for upside till 40100, which can be slow movement when the Nifty bank crosses last day's high.

2. Nifty bank will be mild bearish below 39300; there is a strong bounce-back level or strong support zone where you have to be careful, when crossed then you can see more downside of 1000+ points. But I am not expecting that. I expect the bounce-back from that level.

3. For risky traders follow the Blue trend line to enter the trade early as per your own risk.

Niftybank intraday trading levels 04-11-21

 1. Nifty bank is bullish above the Blue trend line crosses with 15 minutes green candle and wait for a range then trade that range whichever side it breaks (bullish or bearish) otherwise my view is bearish due to tapering in US.

2. There is a very strong support zone which act as bounce back level, last time, it will try to bounce from that level, again.

Niftybank intraday trading levels 03-11-21

 1. Nifty bank will be bullish above 40100. Focus on the result of SBI around 1 PM for good trade.

2. If open flat and crosses 40100 with 15 minutes green candle then target 1 = 40400; target 2 = 41000; target 3 = 41800; target 4 = "OPEN". You will expect very fast movement if Nifty bank crosses 40400 level.

3. If open GAP-UP, then wait for the upper levels to cross by making range, then trade the range when it crosses to achieve upper level targets.

4. Nifty bank will be bearish below 39600

5. If open flat and crosses 39800 with 15 minute red candle then target 1 = 39600; target 2 = 39200; target 3 = 39000; target 4 = 38800; target 5 = 38500 (which is a strong support). To achieve these levels there will be slow movement downside.

6. If open GAP-DOWN then avoid trade as there are many support zone from where Nifty bank will bounce-back for upside target.

Niftybank intraday trading levels 02-11-21

Nifty bank 15 minutes a candle:

1. If Nifty bank goes above 40200 and sustain for 15 minutes or more, then more upside is possible till 41000 levels. PSU banks are performing better than private banks.

2. If Nifty bank goes below 39500 and sustain for a while the it will be bearish sentiment which will take down Nifty bank to 38500 or below levels.

3. As I have told you earlier that 38500 is a very strong support zone and if it breaks then you can see below 38000 levels 37500 to be more specific but I am not that much bearish but you can not say about the market behavior.

4.

Niftybank intraday trading levels 28-10-21

Nifty bank 15 minute a candle:

1. Nifty bank will only be bullish above 41350-41400 levels, wait for a 15 minute green candle to close above the mentioned levels, then you can trade for upward fast movement till 41800-42000 levels.

2. Nifty bank wil only be bearish below 40750-40700 levels, wait for a 15 minute red candle to close below the mentioned levels, then you can buy ATM PE for downward fast movement till 40500-40200 levels.

3. Nifty bank has made a bearish structure wedge pattern, it means we can see downfall but cannot say because most of the banks are posting good results. Hope that market will touch all time high before Diwali/Deepawali festival.

Niftybank intraday trading levels 26-10-21

 Nifty bank 15 minute a candle:

1. Nifty bank will be bullish above 41650; as ICICI bank posted good Q2 results and today, Axis bank and Kotak bank will post their Q2 results. I am expecting good results.Let see.

2. Nifty bank will be bearish below 41050; I am not going to trade on bearish side as it might be a trap the new traders because market is bullish but closed the market on bearish sentiment at the fag end, yesterday. So be cautious.

3. Follow the thin red line for the support;

4. Market is bullish do not go for PUT(PE);

5. Avoid trading in bearish side, it's a trap;

 

Niftybank intraday trading levels 25-10-21

 Nifty bank 15 minute a candle:

1. Nifty bank will be bullish when crosses 40500 levels. Focus on ICICI bank and Axis bank movement to track and confirmation for the trade to take. Many banks posted good results. ICICI bank has posted good results and Axis bank going to declare the result, today.

2. Nifty bank will be bearish if it breaks 40200 levels. Well, Nifty bank is looking stronger than Nifty 50 index but we can not say about the downfall. Nifty bank has to reach 45000 levels before any major correction. 

3. For risky traders, follow the Orange trend line, 15 minute candle closes above the trend line then you can buy ATM CE with small quantity and wait for a candle to cross 40500 levels, then you can add more to it.

Niftybank intraday trading levels 19-10-21

 Nifty bank 15 minute a candle:

 1. Nifty bank took a halt just below 40000 by opening big GAP-UP. If it has to cross 40000 (a psychological resistance) then it has to push some more or open GAP-UP.

2. Nifty bank will be bearish below 39600 to meet first target as 39350 then 39200 as second target and then third target will be 39000 levels.

3. Novice trader should be cautious while trading at higher levels; you will get shorter target or profit. Do scalping trade to get quick but small profit with small quantity.

4. Avoid trading GAP-UP or GAP-down, because these will act to trap newbie traders and weaker hands to be thrown out of the market.