• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

Time to Buy Bank Nifty, Technical Bounce in few Sessions

By Bhaveek Patel 3 Comments

Bank nifty future broke below 9000 level on may futures contract, but as I switch to charts I see 9000 level is 61.8% Fibonacci support level on daily charts and so I am waiting for execution of long positions in BankNifty future around 8980 – 9000 range for positional targets as 9325 and then 9400 levels, with placing stop losses just under 8925 level on 2 days closing basis. Check below chart of Banknifty for detailed analysis:

Bank nifty analysis Fibonacci Support

 

Traders may also take long positions into banking stocks such as Axis bank, Bank of Baroda and Punjab national bank as these stocks are aloo ingredients of bank nifty index, so these stocks must also attract buying. Learn technical analysis online at just Rs.3000/- One-on-One teaching.

Share
Tweet
Pin
0 Shares

You Should Read This:

  1. Bank Nifty Future may Bounce by 500 Points, Technical Analysis Applied A bounce in Bank Nifty Future is likely as we have seen large cap banking stock moving above their important resistance level. In stock like State bank of India, ICICI Bank, Axis Bank, PNB, Bank...
  2. Nifty Future is Trading Lower Today, How Should You Trade Bank Nifty Today Nifty future is trading negative today; this is the reaction for news from global market as European economies was downgraded by S&P (One of largest rating agency). In European stocks, financial sector has hit badly...
  3. Nifty Future Trade Setup for F&O Expiry, Rollover to Next Month Direction on weekly chart is pretty clear that nifty future will continue its uptrend; momentum is being built on some large cap stocks. Also most of banking stocks such as ICICI bank, state bank of...
  4. Bank Nifty Future Trading Strategy in Downtrend, Which Banking Stocks to Track Bank nifty future is also another index future traded with huge liquidity on NSE, on daily charts we see bank nifty is in downtrend, hence trading in the direction of daily trend we will look...
  5. List of stocks in Bank Nifty index with weightage My last article was about the weight of stocks in the NSE Nifty index, in this article, I will tell the weight of stocks in the Bank Nifty index. Bank Nifty index is the most...

Category: Nifty Tags: Bank Nifty Future/ Fibonacci Level/ Technical Bounce

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: Buy Nifty future for intraday, Positive Divergence on 1 Hour chart
Next Post: Intraday Trading Pick: Short Sell Tatasteel, Nifty Future near support

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2025
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2025
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2025 Should you buy?
  • BSE Penny Stocks List 2025

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Results Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2025 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean