Bank-nifty 1 hour Levels for swing Traders #Option'sCertainly! 🚀 The Bank Nifty (BANKNIFTY) is an index that tracks the performance of the banking sector in the Indian stock market. Here are some key details and recent trends:
Current Price and Range:
As of the latest data, the Bank Nifty is trading around 51,295.95.
The day’s range has been between 50,438.30 and 51,398.60.
Recent Performance:
Over the past:
1 day: Up by 0.84%
5 days: Up by 0.35%
1 month: Down by 1.96%
6 months: Up by 12.29%
Year to date: Up by 7.54%
1 year: Up by 13.82%.
Intraday Trading Levels:
For intraday trading in Bank Nifty, consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
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Banknfitytrend
Banknifty Intraday levels for 11/Sep/23Hello Traders, Good morning,
On Friday Bank Nifty maintained its uptrend for yet another session and surpassed the crucial 45000 mark. The index rallied 278 points to 45156 and formed a bullish candlestick with long upper and minor lower shadows on the daily charts.
After breaking out of the consolidation during the previous trading session it has witnessed follow- through buying interest. The momentum indicator has a positive crossover, which is a bullish sign. Overall, we expect the positive momentum to continue and expect targets of 45500 from a short-term perspective.
Important levels for Banknifty:-
Support zone 45000
Resistance zone 45500
Buy above 45383, if levels sustains at least for 15 mints.
Targets we can see in upside 45514/45646
Keep stop loss at 45111
Sale below 45111, if levels sustains at least for 15 mints.
Targets we can see in downside 44923/44791
keep stop loss at 45383
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Banknifty levels for today 17/07/2023Good Morning Traders.
Banknifty still trading in channel, i was expecting breakout for upside but nothing happened on friday, NIfty seems very bullish, today again it has made another new highs at 19641, i think now banknifty should also accelerate from here, if this happens then breakout is possible and huge spike we can see in today's trading session only. Well let's see what is happening, we will trade according to levels ony, my all levels are very similar to friday post. But still i am posting.
Important levels for banknifty:-
Buy above 44936 if levels get sustained at least for 15 mints.
Targets we can see in upside 45052/45158/45232
Keep Stop loss at 44728
Note:-Banknifty have support in a range of 44425 to 44475, so if Price take support in this range and make any kind of price reversal pattern then that levels could be also to go long from there. keep stop loss at 44270, if this gets executed.
Sale below 44618 if levels get sustained at least for 15 mints.
Target we can see in downside 44450, If support gets breakdown then next support we can see somewhere 44270.
Keep Stop loss at 44728
Note:-Banknifty always gets rejected from upper range of Descending channel, so if today also we see any price rejection and we see any kind of price reversal pattern at top of descending pattern then we can take short entry. keep stop loss at 45125, it this gets executed.
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
BankNifty Travelling inside Flag pattern in 15 Mints ChartGood Morning Traders,
We have seen Chart and got to know that Banknifty has formed a bullish flag pattern and it is travelling inside the Flag pattern, i am talking behalf of 15 mints chart.
I think today or till tomorrow this should give breakout for upside. Let's see what is happening, we will trade accordingly, but before to that we will find opportunity to trade. There is two strategy ther, first one go with levels which i have marked on chart, 2nd you can buy and sale near to flag support and resistance trendlines if you see any kind of genuine price reversal pattern.
IMPORTANT LEVELS FOR BANKNIFTY:-
Buy above 44880, if levels got sustained at least for 15 mints.
Targets will be 45015/45089
Stop loss will be 44721
Sale below 44649, if levels got sustained at least for 15 mints.
Targets will be 44537/44370
Stop loss will be 44775
Note:- Always wait for the best entry levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Regards
Rahul Pal
Bank Nifty: Bracing for Another Lower Low?NSE:BANKNIFTY
hello guys,
> As we can see BANKNIFTY took strong bounce from 39300 level. AS far now its trading around 40600 level if we have to anticipate in long then
it should consolidate above 40500 zone.
> However the overall trend is negative BN taking rejection of trendline and making lower high lower low formation if we have to anticipate in shorts then
BN should break below 40300 level .
SMALLER TIMEFRAME CHART WILL BE uploaded when i get clear view of market.
-THANK YOU ( comment your thought )
FASP Levels for BankNifty 23/12/22The FASP for Bank Nifty is listed for 23-12-2022. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement, Fibonacci Extension, Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: Only valid for the intraday mentioned above.
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support, Purple is either strong support or resistance and blue is regular resistance.
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
FASP Levels for BankNifty 22/12/22The FASP for Bank Nifty is listed for 20-12-2022. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement, Fibonacci Extension, Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: Only valid for the intraday mentioned above.
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support, Purple is either strong support or resistance and blue is regular resistance.
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
Thursday Fib Levels_15_12_22The Fib Levels for Nifty and Banknifty is listed for 15-12-2022. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
How Does This Work?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
40800 or 41800 ?Hello All,
Hope all are doing good.
We are seeing range bound market from Muhurat trading between levels 41100 and 41500.
Market broke below this range 28th October but support has been taken at level 40800 and again came to same range.
Market has broken above this range today but resistance at level 41600 dragged to the same range again.
It’s perfect support and resistance playing for more than a week when it breaks with good volume we can see around 1000 pts on respective side.
Always trade carefully with proper SL because it’s your hard earned money.
Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
Banknifty Analysis for 22nd FebMarket is high on volatility taking cues from Russia and Ukraine tensions and the Fed rate hikes in march.
All the levels as per my analysis are mentioned on the chart.
I prefer to take limited trades in such volatility and that too on the levels.
Follow for daily analysis .