Bank Nifty Weekly Chart Analysis

Bank Nifty Hourly

Bank Nifty hourly charts broke the support zone for a day came back in channel and now near an important support of  15400.Breaking the same 15100 and below its 14750 is on cards. Bullish above 15700 only.

Bank Nifty Hourly Elliot Wave

Bank Nifty hourly EW is shown as above.

Bank Nifty Daily

Bank Nifty daily is near its trendline support on daily chart any close above 15700 bulls are back in bank nifty.Also 100 DMA support is seen in bank nifty. Next 2 days are very important holding 15000 can see a sharp pullback in bank nifty. Break below 15000 will see quick fall till 14750/14500.

Bank Nifty Daily EW

Bank Nifty has still in its 4 wave,and 2 targets are shown below.

Bank Nifty Daily Bias

Bank Nifty daily chart after fall of 1000 points is still in neutral zone suggesting underline trend is still bullish and dip in bull market correction needs to be bought into.

Bank Nifty Gann Dates

As per time analysis 15 October is Gann Turn date , except a impulsive around this date. Now as 15 is Holiday so 13 or 16 we will see the expected move.  Last week we gave 07 Oct and nifty gave good correction on that day

Fibonacci technique

Fibonacci Fans

Bank nifty took resistance at Fibo fans and gave a pullback

Fibonacci Retracement

15091 is 61.8% retracement will offer a good support to Bank Nifty 15560 is the zone of resistance as per retracement theory.

Bank Nifty Weekly

Bank Nifty Weekly chart as per Andrew Pitchfork again made an attempt to cross the AF line but unable to do so and saw a 1000 point decline, This week 15091 needs to be watched closely on weekly basis,  unable to close below it we can see a pullback  backed by short covering and 15700 above bulls will be back on bank nifty.Also as per time analysis negative cycle will come to end in next  weeks.

Bank Nifty Monthly

Bank Nifty is also approaching the trendline on upside was unable to cross the first time ans saw a big decline
   Bank Nifty Weekly Chopad Levels
    Bank Nifty Trend Deciding Level:15436
    Bank Nifty Resistance:15566,15826,15956
    Bank Nifty Support:15306,15046 and 14916

BANKNIFTY, NIFTY AND STOCK OPTIONS CALLS FOR 10TH OCTOBER 201

BUY BANKNIFTY 16100CE AT/ABOVE 109.8 FOR TARGETS OF 149.9/170.5/191.2 WITH SL OF 85.5
BUY BANKNIFTY 15300PE AT/ABOVE 61.4 FOR TARGETS OF 117/145.1/173.3 WITH SL OF 31.7

BUY NIFTY 7900CE AT/ABOVE 134.7 FOR TARGETS OF 157.6/169.8/182 WITH SL OF 117.6
BUY NIFTY 8000PE AT/ABOVE 80.9 FOR TARGETS OF 110.7/126.1/141.4 WITH SL OF 62.8

BUY RELIANCE 980CE AT/ABOVE 10.2 FOR TARGETS OF 11.6/12.4/13.1 WITH SL OF 9
BUY RELIANCE 940PE AT/ABOVE 8.6 FOR TARGETS OF 12.2/14.1/15.9 WITH SL OF 6.5

BUY DLF 160CE AT/ABOVE 3.6 FOR TARGETS OF 4.4/4.8/5.2 WITH SL OF 3
BUY DLF 150PE AT/ABOVE 4.2 FOR TARGETS OF 5.4/6/6.6 WITH SL OF 3.5

BUY LT 1500CE AT/ABOVE 35.5 FOR TARGETS OF 41.7/45.1/48.4 WITH SL OF 30.8
BUY LT 1450PE AT/ABOVE 22.5 FOR TARGETS OF 31.6/36.3/41 WITH SL OF 17

BUY SBIN 2500CE AT/ABOVE 46.1 FOR TARGETS OF 60.9/68.6/76.2 WITH SL OF 36.9
BUY SBIN 2450PE AT/ABOVE 31.4 FOR TARGETS OF 46.8/54.6/62.4 WITH SL OF 22.6

BUY TATAMOTORS 520CE AT/ABOVE 13.9 FOR TARGETS OF 16.1/17.2/18.4 WITH SL OF 12.2

BANK NIFTY AND NIFTY FUTURES LEVELS FOR 10TH OCTOBER 2014

BANK NIFTY FUTURES LEVELS FOR THE DAY:
BANK NIFTY RANGE FOR THE DAY IS 15550-16050
Resistances are at 15920-16030 and supports at 15690-15580
Above 16050 is a range breakout with further targets/resistances placed at 16120-16310
Below 15550 is a range breakdown with further targets/supports placed at 15440-15320
Bank Nifty Futures is strong only above 15605

NIFTY FUTURES LEVELS FOR THE DAY:
NIFTY RANGE FOR THE DAY IS 7920-8049
Resistances are at 8017-8040 and supports at 7965-7940
Above 8045 is a range breakout with further targets/resistances placed at 8099-8149
Below 7935 is a range breakdown with further supports/targets placed at 7885-7835
Nifty Futures is strong only above 7979

BANK NIFTY AND NIFTY FUTURES CALLS FOR  10TH OCTOBER  2014

BUY BANKNIFTY AT/ABOVE 15712 TARGET 15910-16025 SL 15568
SELL BANKNIFTY AT/BELOW 15895 TARGETS 15700-15580 SL 16038

BUY NIFTY FUT AT/ABOVE 7971 TARGETS 8014-8039 SL 7936
SELL NIFTY FUT AT/BELOW 8009 TARGETS 7967-7940 SL 8043

BANKNIFTY, NIFTY AND STOCK OPTIONS CALLS FOR 9TH OCTOBER 2014

BUY BANKNIFTY 15800CE AT/ABOVE 114.4 FOR TARGETS OF 139.8/153.2/166.5 WITH SL OF 96.9
BUY BANKNIFTY 14800PE AT/ABOVE 54.9 FOR TARGETS OF 97.2/118.6/140.1 WITH SL OF 31.9

BUY NIFTY 7900CE AT/ABOVE 95.6 FOR TARGETS OF 108.7/115.7/122.8 WITH SL OF 85
BUY NIFTY 7900PE AT/ABOVE 94.6 FOR TARGETS OF 115.7/126.8/137.8 WITH SL OF 80.1

BUY RELIANCE 940CE AT/ABOVE 20.7 FOR TARGETS OF 24.9/27.2/29.4 WITH SL OF 17.8
BUY RELIANCE 920PE AT/ABOVE 15.7 FOR TARGETS OF 20.3/22.7/25.1 WITH SL OF 12.7

BUY DLF 150CE AT/ABOVE 5.8 FOR TARGETS OF 7.7/8.6/9.6 WITH SL OF 4.6
BUY DLF 140PE AT/ABOVE 2.1 FOR TARGETS OF 4/5.1/6.1 WITH SL OF 1

BUY LT 1450CE AT/ABOVE 45.7 FOR TARGETS OF 55.5/60.6/65.7 WITH SL OF 38.9
BUY LT 1400PE AT/ABOVE 19.8 FOR TARGETS OF 28.6/33.1/37.6 WITH SL OF 14.7

BUY SBIN 2450CE AT/ABOVE 48.3 FOR TARGETS OF 59.9/66/72.1 WITH SL OF 40.4
BUY SBIN 2400PE AT/ABOVE 43.2 FOR TARGETS OF 57.8/65.3/72.8 WITH SL OF 34.2

BUY AUROPHARMA 1000CE AT/ABOVE 16.7 FOR TARGETS OF 29/35.2/41.4 WITH SL OF 10

BANKNIFTY AND NIFTY FUTURES LEVELS FOR 9TH OCTOBER 2014

BANKNIFTY FUTURES LEVELS FOR THE DAY:
BANKNIFTY RANGE FOR THE DAY IS 15275-15630
Resistances are at 15535-15625 and supports at 15370-15280
Above 15665 is a range breakout with further targets/resistances placed at 15800-15970
Below 15250 is a range breakdown with further targets/supports placed at 15150-15050
BankNifty Futures is strong only above 15380

NIFTY FUTURES LEVELS FOR THE DAY:
NIFTY RANGE FOR THE DAY IS 7850-7940
Resistances are at 7918-7945 and supports at 7874-7850
Above 7956 is a range breakout with further targets/resistances placed at 7990-8025
Below 7840 is a range breakdown with further supports/targets placed at 7820-7790
Nifty Futures is strong only above 7895

BANKNIFTY AND NIFTY FUTURES CALLS FOR  9TH OCTOBER  2014

BUY BANKNIFTY AT/ABOVE 15391 TARGET 15535-15620 SL 15270
SELL BANKNIFTY AT/BELOW 15510 TARGETS 15372-15280 SL 15630

BUY NIFTY FUT AT/ABOVE 7881 TARGETS 7913-7935 SL 7855
SELL NIFTY FUT AT/BELOW 7909 TARGETS 7877-7855-7820 SL 7938

BANKNIFTY, NIFTY AND STOCK OPTIONS CALLS FOR 8TH OCTOBER 2014

BUY BANKNIFTY 15800CE AT/ABOVE 78.5 FOR TARGETS OF 102.4/114.7/127.1 WITH SL OF 63.4
BUY BANKNIFTY 14700PE AT/ABOVE 89.7 FOR TARGETS OF 110.6/121.5/132.4 WITH SL OF 75.6

BUY NIFTY 7900CE AT/ABOVE 91.9 FOR TARGETS OF 116.4/129.2/142 WITH SL OF 75.8
BUY NIFTY 7900PE AT/ABOVE 105 FOR TARGETS OF 124.7/135.1/145.5 WITH SL OF 90.7

BUY RELIANCE 940CE AT/ABOVE 16.4 FOR TARGETS OF 19/20.3/21.7 WITH SL OF 14.4
BUY RELIANCE 920PE AT/ABOVE 14.6 FOR TARGETS OF 17.1/18.5/19.9 WITH SL OF 12.7

BUY DLF 150CE AT/ABOVE 3.2 FOR TARGETS OF 4.9/5.8/6.7 WITH SL OF 2.2
BUY DLF 140PE AT/ABOVE 5 FOR TARGETS OF 7/8/9 WITH SL OF 3.9

BUY LT 1450CE AT/ABOVE 29.2 FOR TARGETS OF 41.1/47.2/53.3 WITH SL OF 22.1
BUY LT 1400PE AT/ABOVE 32 FOR TARGETS OF 42/47.1/52.3 WITH SL OF 25.7

BUY SBIN 2450CE AT/ABOVE 30.9 FOR TARGETS OF 43.9/50.5/57.2 WITH SL OF 23.2
BUY SBIN 2350PE AT/ABOVE 44.2 FOR TARGETS OF 54.4/59.8/65.1 WITH SL OF 37.3

BUY TATAMOTORS 520CE AT/ABOVE 8.3 FOR TARGETS OF 11.1/12.5/13.9 WITH SL OF 6.6

BANKNIFTY AND NIFTY FUTURES LEVELS FOR 8TH OCTOBER

BANKNIFTY FUTURES LEVELS FOR THE DAY:
BANKNIFTY RANGE FOR THE DAY IS 15110-15440
Resistances are at 15315-15380 and supports at 15200-15150-15100
Above 15440 is a range breakout with further targets/resistances placed at 15580-15680
Below 15100 is a range breakdown with further targets/supports placed at 15000-14915-14830
BankNifty Futures is strong only above 15315

NIFTY FUTURES LEVELS FOR THE DAY:
NIFTY RANGE FOR THE DAY IS 7825-7949

Resistances are at 7918-7945 and supports at 7865-7840

Above 7950 is a range breakout with further targets/resistances placed at 8000-8049

Below 7825 is a range breakdown with further supports/targets placed at 7780-7745

Nifty Futures is strong only above 7924