Banknifty daily and weekly charts analysis for 25 to 29 march 2019.

Banknifty future daily chart analysis

Banknifty future of March expiry last closed at 29660 with huge loss. In this week banknifty future was up for 4 days and down for 1 day. Banknifty future is in new territory and we saw strong rally this week from 29300 to almost 30100. On downside support is way down around 28900 level. But 29500 and 29000 are psychological support zones and buying levels with stop loss. On upside this rally might extend up to 31300 on another short covering rally. Below 28900 expect deep correction and consolidation phase.

This week banknifty 29500 call options rallied from 315 to 641 gained by 326 rupees or minted 103% returns. For next week watch banknifty 30500 & 31000 call options of April expiry will remain buy on dips with stop loss.

Banknifty future weekly chart analysis

Banknifty future on weekly chart showing gains for the week. Fifth weekly gains for banknifty futures. This week’s banknifty future rallied from low of 29300 to high of almost 30100 means almost 800 points rally and strong closing for this banking index.

From long term view, banknifty future above 29300 will remain buy and accumulate and on upside target of 31200, which are my second 2019 investment target zones and banknifty hit 29300 target and now watch for 31200 levels.

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Banknifty daily and weekly charts analysis for 18 to 22 march 2019.

Banknifty future daily chart analysis

Banknifty future of March expiry last closed at 29502 with gain. In this week banknifty future was up for 4 days and down for 1 day. We saw strong sharp covering plus run away rally in banknifty future from 26800 bottom and now hit high above 29500. Banknifty future in March series above 27100 were bullish and buy and accumulate for targets 27500 and then 28050 and banknifty hit both the targets and then hit super bullish targets of 28500 and then 29k and now trading above 29k with strong short covering actions. 29300 was my 2019 investment target which got achieved and now above it next investment target zone will be 31200 and nifty might show that in March series.

This week banknifty 27100 call options rallied from 488 to 2495 gained by 2007 rupees or minted 411% returns. For next week watch banknifty 30 and 30500 call options of March expiry will remain buy on dips with stop loss below 29300 levels.

Banknifty future weekly chart analysis

Banknifty future on weekly chart showing gains for the week. Forth weekly gains for banknifty futures. This week’s banknifty future rallied from low of 27891 to high of 29658 means almost 1767 points rally and strong closing for this banking index.

From long term view, banknifty future above 26500 will remain buy and accumulate and on upside 29300 and then 31200 are my 2019 investment target zones and banknifty hit 29300 target and now watch for 31200 levels.

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Banknifty daily and weekly charts analysis for 11 to 15 march 2019.

Banknifty future daily chart analysis

Banknifty future of March expiry last closed at 27885 with gain. In this week banknifty future was up for 5 days and down for 0 day. We saw strong recovery in banknifty future from 26800 bottom and now hit high above 27900. Banknifty future in March series above 27100 were bullish and buy and accumulate for targets 27500 and then 28050 and banknifty done 27500 target and now approaching 28050 level with high of 27900+ in this week.

This week banknifty 27500 call options rallied from 235 to 593 gained by 358 rupees or minted 152% returns. For next week watch banknifty 28000 call options of March expiry will remain buy on dips with stop loss below 27500 levels.

Banknifty future weekly chart analysis

Banknifty future on weekly chart showing gains for the week. Third weekly gains for banknifty futures. This week’s banknifty future rallied from low of 27k to high of 27920 means almost 900 points rally and strong closing for this banking index.

From long term view, banknifty future above 26500 will remain buy and accumulate and on upside 29200 and then 31200 are my 2019 investment target zones and banknifty already started journey towards it.

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Banknifty technical analysis for 18 to 22 February 2019.

Banknifty future daily chart analysis

Banknifty future of February expiry last closed at 26840 with loss. In this week banknifty future was up for 2 days and down for 3 day. We saw banknifty future hit profit booking around 27600 and recorded low near 26700 means almost 900 points drop. On daily chart, banknifty future is in downtrend and below 27150 will remain weak and sell on rise. On downside 26500 and then 25800 are support zones as well as target levels for this downtrend. We already saw low of 26721 in this week. Expect reversal on trend above 27150 only.

This week banknifty 27200 put options rallied from 239 to 600 gained by 361 rupees or minted 151% returns for next week watch banknifty 26500 put options of March expiry will remain buy on dips with stop loss.

Now let’s we will see

Banknifty future weekly chart analysis

Banknifty future on weekly chart showing loss for the week. First weekly loss for banknifty futures. This week’s bar is almost 700 points long and closed near lows. On weekly chart banknifty above 26500 will remain bullish for 2019 and on upside 29300 and then 31200 are bullish target zones if this support holds. But current weekly price pattern suggesting prices are trending towards 26500 support and might eventually break them as weekly chart indicators and oscillators are overbought and now with sell signals.

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BANKNifty weekly-hit high 27784+ watch for TGTs given 27950 & 28550+

BankNifty future & option weekly call

for 14 to 18th january 2019

• bankNifty future this week closed at 27523 with loss. we saw high of 27784 in this week, while my given bullish target zones ae at 27950 and then possibly might show levels above 28550!!

• banknifty future almost hit my first swing bullish target for january and now corecting and consolidating.

• for next week, banknifty future suport zones are 27400 and then 27100 !!

• banknifty future if slips below 26850 then expect deep downside up to 26300 and below.

• banknifty 27300 call options this week rallied from 392 to 652 and given 260 points or 66% returns to buyers !!

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BANKNifty future hit 27784 high, watch for swing bullish targets 27950 then 28550

BankNifty future & option analysis for 10th january 2019

• BankNifty future on last trading session closed at 27752 with flat gains. as expected banknifty future above 26850 hold its uptrend and heaidng higher and higher !!

• banknifty if sustain above 26850 then swing targets @27950 and then @28550+. and we saw high near 27800 in this week !!

• below 26850, uptrend will fizzle out !!

• banknifty 27300 call options rallied from lows of 330 to highs of 652 rupees means 332 rupees gains or 97% returns to buyers !!

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BankNifty future & options technical analysis for 2019.

Banknifty future daily chart technical analysis

Banknifty future of December expiry last closed at 27290 with gain. On daily chart, banknifty future is in uptrend and trading above all short term averages but with bearish signals on indicators and oscillators. Banknifty future for this month will remain bullish above 26800 support zone. On upside 27850 and then 28500 are resistance zones as well as bullish target levels if this trend persists. But after looking at indicators pattern we might see retracement towards 26800 and then next big move. If banknifty breaks below 26800 then go short in January series and expect 26200 and then 25100 levels as target zones.

This week, banknifty 26500 call options rallied from 562 to 1055 rupees on sharp short covering. For next week, watch 26800 put options if banknifty breaks below this level. If not then expect 26800 call options short covering to continue.

Banknifty future weekly chart technical analysis

Banknifty future on weekly chart showing gains for the week. This was third weekly gains for banknifty future. In these weeks we saw recovery from 25700 to highs of 27400+. On weekly chart banknifty future price trend and momentum both are bullish but indicators are overbought positions so expect correction ahead.

For 2019, banknifty future major support level if 26400. Above it expect bullish trend to continue and upside levels of 29000 and then 31150 in 2019. But if banknifty breaks below 26400 and sustain then expect long term downtrend and levels of 24300 to 21500 in year 2019.

Banknifty future monthly chart technical analysis

Banknifty future in month of December, showing gains. This was second gaining month for banknifty future. After making low of 24300 in October 2018, banknifty given smart recovery towards 27500 levels but failed to cross it. This month we saw low of 25700 and high around 27425 means 1800 points range and positive closing for the month.

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Banknifty future & options technical analysis for 24 to 28 December 2018.

Banknifty future daily chart technical analysis

Banknifty future of December expiry last closed at 2971 with huge loss. Before that we saw high of 27425 in this week and banknifty almost hit my given bullish target of 27650. Then we saw almost 600 points last day profit booking move and banknifty almost tested 26700 levels. On downside 26700 and then 26300 are major support zones for banknifty futures. Above this level expect bullish trend to hold and banknifty will resume towards 27650 and then possibly 28300 levels.

This week banknifty 26700 call options rallied from 375 to 749 gained by 374 rupees or minted 100% returns and then 27400 put options on last sessions given rally from 185 to 528 rupees means 343 rupees or 185% gains in very short time. For next week watch banknifty 26700 call options if banknifty holds that support.

Banknifty future weekly chart technical analysis

Banknifty future on weekly chart showing flat gains for the week. Second weekly gain for banknifty futures. This week’s bar is almost 600 points long and closed near open. On weekly chart banknifty now above major averages with bullish and overbought indicators so if fall comes from here then expect big downside for this index future. On weekly chart 26700 then 26300 and 25900 are strong support areas. If this upside continues then expect 28600 to 31500 levels in medium terms.

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Banknifty future & options technical analysis for 17 to 21 December 2018.

Banknifty future daily chart technical analysis

Banknifty future of December expiry last closed at 26862 with loss. Before that we saw low of 25706 in this week and banknifty almost hit my given bearish target of 25600. Then we saw almost 1300 points short covering rally and banknifty made high above 27000. In this week we saw 2 negative and 3 positive closing and banknifty back to previous high of 27065. On chart banknifty almost formed early double top pattern and if prices break from here then expect fresh low in banknifty future in medium terms. Here risk takers can go short with stop loss above 27065 and expect 26300 and 25600 target levels in upcoming weeks.

This week banknifty 26300 put options rallied from 353 to 782 gained by 399 rupees or minted 113% returns and then 25600 call options seen sharp short covering. This call option rallied from 511 to 1412 means 900 rupees gains or 176% rally on sharp short coverings. Next week watch 27000 put options with stoploss. Expect big downside move below 26300 levels only.

Banknifty future weekly chart technical analysis

Banknifty future on weekly chart showing gains for the week. First weekly gain for banknifty after last week’s profit booking. This week’s bar is almost 1300 points long and closed near high. On weekly chart banknifty now above major averages with bullish and overbought indicators so if fall comes from here then expect big downside for this index future. On weekly chart 27100 will remain major resistance and below it expect this as only bounce back. If gives breakout above 27100 then expect 28600 levels on upside, but till then 23300 level still open for long term correction target.

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Banknifty future & options Follow up analysis for 12 December 2018.

Banknifty future chart technical analysis

Banknifty future of December expiry last closed at 26273 with gain on smart recovery and short coverings. Before that we saw low of 25706 in this session while my bearish target was around 25600 which is almost hit from 26300 breakdown levels. Now expect some consolidation before next move. Below 25600 next major support as well as bearish target will be 24300. If sustain above 26300 then expect sharp reversal and big short covering rallies ahead.

Banknifty 25600 put options in last 2 session rallied from 120 low to 252 high today. Means 132 rupee gains or 110% gains for this put option buyers. Below 26300, banknifty 26300 put options will remain buy on dips with stoploss for big gains.

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