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NIFTY, BANK NIFTY & SPXhello everyone, NIFTY: as per the marked numbering, it looks like we are in final stages of wave 1, its not clear whether we have completed wave 1 or not. Since we have got the big gap up, a sign of caution is always there.. counting as per 1 H TF: If we look at lower time frame say 30 min, normal projections of wave 3(5) has been marked. could act as possible resistance. BNF: Here also, we are 1 H TF as counting started from 17june 22. It looks like we are in the last stages of wave 1. However, here also we are not sure whether it has been completed or not but, min. extension targets as per fib has been completed. if we look at lower time frame say 30 min, we have got broken above major resistance with not so good volume. A sign of caution for me for longs . above latest S/R could be good money making opportunity! SPX Here, for an overview possible S/R areas are marked, SPX still looks bullish to me.
NSE:NIFTYLong
by ShubhamKatiyar
1
Bank Nifty - Near its ATH🔴DISCLAIMER ***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio) After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
NSE:BANKNIFTYLong
by PrakWorld_Traders
Bank Nifty Today - 03 NOV 2022 Analysis + Comparison with S&P500Bank nifty moved today quite contradictory to the global moves. Frankly what is happening to India's banks - is there so much positivity to bury the global macros ? S&P500 down 2.5&, Nasdaq100 down 3.39% and our bank nifty up 0.37% today Just look the opening 4 candles. Gap down opening at 40873 very near to the support level of 40867 - hits the resistance level of 41314 by 9.35 - who would believe it ? 494pts move in 20mts with great momentum. I am not worried with bank nifty moving up like that - but on a day where the global cues were very negative - quite impossible. From 9.35 to close BN traded in and around the SR line with minimal volatility. Cannot even believe the India VIX came down by 4.3% today. Is there a real fundamental shift in India & its growth story - or are these some pump & dump scheme operated to loot the retail traders & investors? Who am I to ask these….? The candle at 10.10 looked interesting - it broke through the resistance and then a fall back to the level over the next 11 candles. And then another pump at 11.10, over the next 2 candles we would have got the impression that BN may breakout - but the 41455 resistance line came into play. Then we had a gradual fall below the SR line, but notice the price action at 13.10 (strong green candle breaking the resistance again). Anyways the final close was at 41304 just below the SR of 41314. --- 6 major banks, most of them showing strength today HDFC bank closed in red, but the chart pattern is not negative ICICI closed in green with flattish pattern SBI closed well in green with bullish pattern AXIS bank showed strong breakout in the morning to give it all back later - closed flat Kotak was trading below yesterday's close with a bearish bias IndusInd bank showing bullish pattern. --- Since today was expiry - there were many trade possibilities that could have been planned. BN stayed within the support & resistance zone eventhough it felt it would be a breakout today. All OTM calls & puts have gone to zero - if you would have written them, you could have made money. However we can all say that with hindsight - cannot engineer the outcome in advance. I am of the personal opinion that most of the traders would have hit their stop loss due to the mammoth move in the opening 20mts. Due to the overnight macros - most of them would have thought the bias will be bearish today. I noticed that the premiums on the call side were very minimal signaling the bank nifty might not breakout, but was not courageous enough to short them today after seeing the open. I am researching into deploying ratio spreads into weekly expiry to bring in exponential returns with a limited risk profile - may be it will take 6 to 9 months to get some clarity (i dont prefer to back test, i instead journal the trades henceforth - something like a forward test) --- SPX & Banknifty has diverged more today - the gap is now in excess of 22%. Presently the ES1 futures are showing a drop of 1% - so may be the US market will be in red today also. --- 15mts showing sideways market 1hr also showing sideways market --- Bank nifty support & resistance levels s1: 40867, s2: 40691 r1: 41312, r2: 41455 --- PS: Read the standard disclaimer at: bit. ly/3Nm3RER
NSE:BANKNIFTY
by viswaram
Shorting opportunity in bank niftyAll levels are mentioned on the chart it self Safe players can wait for a pull back and enter as per levels Risky people can enter according to their risk management. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
NSE:BANKNIFTYShort
by Mo-Kri
intraday analysisbank nifty tomorrow tread This script display five moving average channels, main channel (EMA144, EMA169), second (EMA288, EMA338), third (EMA576, EMA676) This channels can act as support/resistance , a trade can be setup when price enter and then leave the channel. There are also other moving averages base on Fibonacci numbers ( 34,55,144,233....), you can use it if you like. There are also other moving averages base on Heavy support/resistance ( 987,1100....), you can use it if you like. deep entry stop loss zone moving averages base (1500,1700....), Intraday don't use dais lines, you can use it if you like. This channels is base on idea of trend strengths Strategy developed by Sai prasad from India.
NSE:BANKNIFTYShort
by saiprasad6
1
10/11/2021 Research Report For BandhanDisclaimer: I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time. Buy at C.M.P (Current Market Price) to Maximum 308 Target 1:- 310 Target 2:- 312 Target 3:- 319
NSE:BANDHANBNKLong
by india_market