Multi-timeframe analysis of Nifty bank 17-01-2022 to 21-01-2022

Nifty bank: a week a candle

Bank nifty on weekly chart is looking bullish and HDFC bank has posted good Q3 result. We can see long build-up above 38500 levels. But there is still negative news about COVID 19 third wave and we can see sell-on-rise at some upper levels between 39500 and 40000. Also, Budget 2022 season will influence the market movement and we can see spike in India VIX.

Nifty bank: a day a candle

Bank nifty on daily chart is rejecting the lower levels by supporting 38000 level and made a bullish candlestick (Dragonfly). If there is another big green candle then you can make long position above 38500 for the target of 39500 to 40000.

Nifty bank: 15 minutes a candle

If Bank nifty trade above 38500 then short covering happens and we can see the upside fast movement. If Bank nifty trade below 38000 then we can see bounce-back or short target at lower levels as there are many support levels. If opens gap down then look for bullish trade, only by recognizing price action or bullish candlestick pattern. If opens gap-up then wait for the range to break and then trade the range for upside, only. It is suggested to avoid trade on bearish side as many big banks are going to post their Q3 result and it is expect that the results will be good and as per market expectation.

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 23-12-21 (Weekly expiry)

Nifty Bank: 15 minutes a candle

In Nifty bank upside move can be seen above 35100, you can see upside in the morning if opens flat. If opens gap-up then wait for 5 minutes for the bullish candle and then upside rally up to 35550 can be possible in half an hour or so due to short covering. If Nifty bank trade below RED trend line then you can see the downside movement. If opens gap-down then look for the price action and candlestick pattern for bearish trade or wait for the range to break either side.

Nifty 50: 15 minutes a candle

In Nifty 50, upside can be seen above 16975 and crosses with  minute candle and sustain above 17000 if opens flat. If opens gap-up then wait for the price action for downside movement. If Nifty 50 trade below 16800 then downside momentum can be seen. If opens gap-down then look for the price action and candlestick pattern for bearish trade or wait for the range to break either side.

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 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.

Banknifty weekly analysis of 20-09-2021 to 24-09-2021

Banknifty Daily View (a day a candle): 

Banknifty is trading above 37500 levels, exactly at 37800. But in the last trading day it resists 38100 levels and goes down to 37450 levels. Banknifty may consolidate for few days between 38050 and 37450 levels. If breaks either 38050 levels then we can see blasting up move of 700-800 points or breaks 37450 levels then we can see downfall of 750-850 points.

 

 

Banknifty Weekly View (a week a candle): 

On weekly basis, Banknifty is trading above the BLUE trend line and has Bullish view in short term. It seems that Banknifty will go up to 40000-42000 levels in the near short term (this month or the next month i.e. October). The maximum Call OI has developed on the levels of 38000 levels, if Banknifty trades above it then we can see drastic short covering which will take the Banknifty to 39000 levels in the next week. Banknifty will be only Bearish when it breaks the RED trend line i.e. 36500-36000 levels.

 

Options trader's perception in positional trading

1. Long position buildup:

Establishing a long position indicates that more investors are expecting price increases and are holding long positions. This can be for a variety of reasons, including stocks that are in an oversold area, some good news about the stocks, or some positive global leads.

2. Short accumulation/buildup:

Short accumulation shows that more investors are expecting interest rates to fall and are making short bets. There are many reasons for this, such as stocks are in an oversold area or stocks have bad news.

3. Long unwinding/closing:

When a long position is closed, people start to sell a long position because some news or goals have been achieved. The reasons for closing a position for a long time may be different, but the result is the same.

4. Short covering:

Traders start buying stocks that they have sold before to close their positions or to exit the position with profit if they achieved what expected.