BankNifty Weekly Analysis 23rd Feb to March 1st 2018

Bank Nifty 24956 weekly close on Feb 22nd 2016

Next support to watch for next few weeks – 25050-24820-24660-24330-23820

Resistance levels to watch- 25600-25730-26150-26450-26880

25350-25950 is the base form of bank nifty for last few months, decisive break on these will help BNF to move forward

 

The above range is a trap or value buy, time will tell

 

Best way to deal is trade less, let market tell us what to do

 

 

Bank Nifty 16TH February-22ND February 2018 Analysis

Bank Nifty for the 3rd week, we have closed negative from the budget event

We have down around 2000 points this month expiry

Last week to the expiry

Our levels remain the same from the last week

As per our last week article, anything below 25350 levels, Bears will have control, probability on higher side for monthly low on cards

One trivia – consecutive 4 weeks downside, we have not witnessed till date after the weekly expiry introduction from June 2016

But market definition is “expect the unexpected “

 

Next support to watch for next few weeks – 25050-24820-24660-24330-23820

Resistance levels to watch- 25600-25730-26150-26450-26880

 

If, markets don’t fall below 25350, for the coming 5 days we can see market crawling back some lost ground, maybe up to 25730-26150 levels

Anything above that requires something magic from the domestic good news and global positive rebound

But however with Biggest BANK SCAM, markets are not falling below 25350 for next 5 days, that shows there is something smart money knows which we don’t know .time will tell

Always on downside, bulls test bears for a long time till bears turns mildly bullish, and bulls turns ultra bearish

For traders, it will always be risk management we should look into first, and then comes the price, volume and time analysis

Get ready for another volatile week ahead

 

In volatile markets, traders need to be fast in getting in and out; few minutes will destroy all the gains of week and months

 

Should be flexible is the mantra in volatile market on both sides

With predetermined risk levels and probable and realistic return expectations

Trade from savings money

Trade with predetermined mindset, that each minute is unique

Be ready for the pain point

I and you shall work towards better execution of our trading plan

All the best

Sagar U.S

 

Bank Nifty 09th Feb-15th Feb 2018 Analysis

Bank Nifty Weekly Expiry Closed at 25921, down 4.8 % for the week. Bank Nifty has started downwards from the date of Budget, with domestic factors like LTCG and Global Markets factors mainly US Bond Rate Hike.

Bank Nifty has been a downside for two consecutive weekly expiries now.

Bank Nifty Weekly Expiry was started from June 02 2016, its almost 89 weeks now, after weekly expiry has been launched, Till date, Bank Nifty has not closed 3 weeks on downside consecutively.

But if that has to break, this week we may have to script it.

Whereas, on upside bulls have closed 9 consecutive weeks upside only once, 4 times 3 weeks positive close, 2 times bulls have closed 4 weeks on higher side

The best part, every minute and every day and every week in MARKETS are UNIQUE.

So, the above data is just NUMBERS, it must not be the ONLY source for Trading planning.

But it could be used for one of the factors.

Banking Stocks Weightage in the Bank Nifty Index

  1. HDFCBANK- 33%
  2. ICICIBANK-19%
  3. Kotak-12%
  4. SBI-10%
  5. Axisbank-8%
  6. Indusindbank-7%
  7. Yesbank6%

 

This comes to 95 % of the Bank Nifty Movements

 

To Track, Bank Nifty, you need to know the direction of the above stocks

Especially TOP 4 Stocks

 

As per our last week article, anything below 25350 levels, Bears will have control

Next support to watch for next few weeks – 25050-24820-24660-24330-23820

Resistance levels to watch- 25600-25730-26150-26450-26880

If markets trade upwards, have lesser quantity size while trading – because market has taken turn downwards, any upside move may be used by markets participants to come out of their position

But that’s a probability –it may happen may not happen – ANY CLOSE above 26550 on weekly close for two consecutive weeks, we can say bulls have taken control till we can’t have  trust on upside

On, downwards, Keep adding position size much lesser than usual – as too much of volatility has risen for last week, let the dust settles down. Markets don’t fall in one side, it will test bears, every day by day and fall.Have Patience

Be subtle on downside as we have one lesser day in the next week expiry

 

Let markets decide its side, we shall just go by the side of the market

Always Trade with fewer quantities till you make 2 to 3 times of Capital

We need to see the trend and trade accordingly

Trade only from SAVINGS Money

Trade with PLAN

Sagar U.S