Get started
BANKNIFTY INDEX FUTURESBANKNIFTY INDEX FUTURESBANKNIFTY INDEX FUTURES

BANKNIFTY INDEX FUTURES

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Forward curve Seasonals Contracts

BANKNIFTY1! trade ideas

I am short on banknifty for positional tradehave sold 44200 ce of 29 jun expiry in the last pump of friday session my stoploss will be the latest trendline and 44150 on banknifty futures level and the chart posted is also of banknifty futures the chart i posted is a 3hour chart could not post daily chart as it will not show the clear picture of price action i have took this trade for just three days duration that is maximum i will carry it till wednesday max even in profit or loss as the monthly expiry of 29 jun 44000 ce is showing bullishness that is there can be a dip for 2/3 days but not for month end and the stop loss is very near and even at stoploss also i may exit with profit i will share my entry price on monday morning and will post exit also
NSE:BANKNIFTY1!Short
by Tradegainer
After the bearish impulsive wave, Bank Nifty was in a correctionIn recent market movements, Bank Nifty has experienced a notable development as it broke a channel pattern. Following the breakout, the price action displayed a bearish impulsive wave on June 15th, indicating a strong downward movement in a relatively short period. After the bearish impulsive wave, Bank Nifty witnessed a corrective wave on June 16th. This type of wave typically represents a temporary pause or counter-trend movement before the broader trend resumes. The corrective wave may have attracted buyers looking for potential opportunities amid the recent downward momentum. Looking ahead, there is a possibility of another impulsive wave on Monday, June 19th. An impulsive wave suggests a strong directional move in the market and could potentially amplify the prevailing bearish sentiment in Bank Nifty. Traders and investors will closely monitor the price action and key technical levels to assess the strength and sustainability of this potential wave. It is important to consider that market movements are influenced by various factors, including economic indicators, corporate earnings, geopolitical events, and overall market sentiment. These factors may impact the direction and intensity of future price movements in Bank Nifty. Traders should exercise caution and utilize appropriate risk management strategies when considering positions in Bank Nifty or any other financial instrument. Staying informed about the latest market developments and seeking advice from financial professionals can help make well-informed investment decisions. Please note that market conditions are subject to change, and it is advisable to stay updated with the latest news and analysis for accurate assessments of the market trends.
NSE:BANKNIFTY1!Short
by mrparastiwari
BankNifty Breaks Channel Pattern, Approaches Support AreaDate: June 14, 2023 BankNifty, a key index tracking the performance of banking stocks in India, has recently broken a well-defined channel pattern, followed by a well-executed pullback. Currently, the market finds itself at a crucial support area of 43,571.00. Traders and analysts are anticipating a potential breakout of this support level, with the next target identified at 42,974.60. The breach of the channel pattern by BankNifty signifies a shift in market dynamics, prompting attention from market participants. After the breakout, the market underwent a textbook pullback, confirming the strength of the breakout and suggesting further price movements. Presently, BankNifty has reached a significant support area at 43,571.00. This level serves as a key psychological and technical zone where buyers have historically shown interest, potentially leading to a bounce or a breakout. Traders are closely monitoring the market for a potential breakout of the support area. Should BankNifty surpass this level, it could indicate a continuation of the bearish sentiment, with the next target projected at 42,974.60. However, it is important to exercise caution and consider multiple perspectives when interpreting market movements. Unforeseen factors, including economic data releases, geopolitical events, or shifts in investor sentiment, can influence market direction and introduce volatility. Traders are advised to stay vigilant, employ appropriate risk management strategies, and factor in relevant technical indicators and fundamental analysis. Prudent decision-making and careful trade execution are crucial when engaging in the dynamic environment of the financial markets. Please note that this analysis serves for informational purposes only and should not be considered as financial advice. Trading in the financial markets carries inherent risks, and individuals should conduct their own research and consult with financial professionals before making any investment decisions.
NSE:BANKNIFTY1!Short
by mrparastiwari
BankNifty Breaks Channel Pattern and Forms Reversal CandleBankNifty Breaks Channel Pattern and Forms Reversal Candle at Resistance, Indicating Potential Bearish Momentum Date: June 14, 2023 In a significant development for the financial markets, BankNifty, a prominent index tracking the performance of banking stocks in India, has broken a long-standing channel pattern and recently exhibited a notable reversal candle at a key resistance level of 44,202. This event has garnered attention among traders and analysts alike, signaling a potential shift towards bearish momentum. The channel pattern, which had been guiding the movement of BankNifty over the past several months, was breached as the index surpassed its upper boundary. This breach denotes a departure from the established trend and has sparked anticipation of a new market direction. Adding to the bearish sentiment, a reversal candle has formed at the critical resistance level of 44,202. Reversal candles are chart patterns that suggest a possible shift in sentiment, often heralding a reversal in the ongoing trend. This occurrence at a significant resistance level intensifies the likelihood of a bearish momentum taking hold in the BankNifty. Market analysts and traders are keenly observing the current situation, considering the implications of this break and reversal. A sustained move below the channel pattern and the resistance level could further reinforce the bearish outlook for BankNifty, potentially leading to extended downward movement in the near term. If this anticipated bearish momentum continues to materialize, it could impact various sectors within the banking industry and potentially influence investment strategies. Traders and investors are advised to closely monitor the evolving situation, taking into account technical indicators and fundamental factors to make informed decisions. As with any financial market prediction, it is essential to exercise caution and consider multiple perspectives before drawing conclusions. The outcome of this potential bearish momentum remains uncertain, and market participants should be prepared for various scenarios. Disclaimer: The information provided in this news article is for informational purposes only and should not be considered as financial advice. Trading and investing in the financial markets carry risks, and individuals should conduct thorough research and seek professional guidance before making any investment decisions.
NSE:BANKNIFTY1!Short
by mrparastiwari