rakeshreddym

BankNifty Levels

rakeshreddym Updated   
NSE:BANKNIFTY   Nifty Bank Index
BankNifty is trading in range of 45400 to 44800 area, there is gap around 44700 area expecting it to fill this week.

Levels to watch for 45200,45000,(44800-44900) areas.

Comment:
Comment:
Option Price Chart
Comment:
90 Option Points Captured 45000 CE
Trade closed: target reached:
Reason for entry as mentioned in earlier in my idea it is one of the level to take action opened right at deamand zone went long with minmum stop loss of day low, captured 90 option points with 45000 CE
Comment:
As per levels 45200 area also gave nice trade

Comment:
Tuesday levels to watch and act for 45000 and 44700 area.
Comment:
45000 put looking good currently at supply zone
Comment:
Small stop loss entered 45000 PE
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Stopped out today went wtih set up ,110 spot points and 45 premium points were there to book , set up is final happy stop loss
Comment:
Stay away from market today no momentum save your capital
Comment:
Second Entry
Comment:
300 poins captured
Comment:
For wednesday levels to act and react are 44900 and 44700 area, there is big block under 44500 to 44300 area of demand zone so be caution in there if you are short keep trailing or place a stop loss.
Comment:
44700 area enterer long
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Exited at day high 150 points and 50 premium points 44700 CE
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44700CE at 230
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44700 CE 280 exit
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For Thursday expecting a gap up with global market action, wait for direction if gap up sustains or not , give 1 hr to market to make a range then play tommorow is expitr also . will update on live market more.
Comment:
Important levels are 45100,44900,44700,44550 areas.
Comment:
Carrying this from yersterday close
Comment:
Premium chart 44500CE
Comment:
150 points exited
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Comment:
45100 above sustains go long target 45200,45350,45400 Stoploss 45000 keep 20 points buffer
Comment:
45100 did not tested channel high held and reversed
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07/14/2023 Opened in no where zone 45000 upside is resistance and 44600 area support is below
Comment:
Shorting Bank Nifty trade with your own analysis and risk management
Comment:
Target 44650,44600 and 44550 bring it to break even now and trail
Comment:
Target 1 done
44650
Trade closed: target reached:
Almost touched the 3rd target 44550 made low 44573

closing this idea here will post a new one for next week

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