"Mastering BankNifty: Capturing 458 Points Like the Operator's B"As I mentioned earlier, I captured a solid 458 points in BankNifty! This is the power of precise levels and timing. I shared this exact trade with you on Saturday or Sunday, a day before it played out. This is what I call the 'operator's boss' level of trading! When you can predict the market moves like this, you're truly ahead of the game. Stay tuned for more insights like these, and let's continue to dominate the markets together!"
BANKNIFTY-TRADE
#banknifty - 24th September !Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
-Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators: Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance:
- Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance:
- Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.
BULL CALL SPREAD BANK NIFTY FOR 05 JUNE EXPIRYBANK NIFTY Bull Call Spread for Election Result Expiry
BUY 4 Lots BANK NIFTY 05 JUN 49000 CE
BUY 1 Lot BANK NIFTY 05 JUN 50000 CE
SELL 4 Lots BANK NIFTY 05 JUN 49500 CE
Margin Required : 84,409
Max Profit : Unlimited
Max Loss : 24,675 (29%)
Break Even at Expiry : 49,411
Target 1 : 50543 (3%) Projected Profit 13,400 (15%)
Target 2 : 50943 (4%) Projected Profit 20,733 (25%)
Target 3 : 51,433 (5%) Projected Profit 28,070 (33%)
Stop Loss : None/ As per your risk
Bank Nifty traded volatile after reaching at Imp Milestone Bank Nifty showed Recovery in 1st Half,
but witnessed Profit booking in 2nd Half of session
The Index scaled at New All Time Highs & reached near 49000 zone
Any Dips towars 48500, 48000 may look for Buying setup as trend is Positive
Overall Immediate Upside Resistance is Placed near 49000, 200 Range
Tomorrow is important US CPI Inflation Reading
* For Education Purpose
Practice and Learn price action setups
#Banknifty directions and levels for March 4thBanknifty also has the same sentiment. If the gap-up sustains, then we can expect a minor rally. Once it rejects the immediate resistance levels, then we can expect a minimum correction of 23 to 38%. Alternatively, if the gap-up doesn't sustain, then we can expect a 23 to 38% correction initially, indicating that the 4th wave may continue further.
19 Feb ’24 — BankNifty is still not bullish, 47016 has to break.BankNifty Analysis - Stance Neutral ➡️
Even though the 4mts chart looks bullish as the moving averages have a positive slope, the reality is quite different. BankNifty has not managed to find the fire to go “BOOM BOOM”, it is totally lazy and lethargic at its current levels. Today we ended up gaining 150 points ~ 0.32% but a few of the major banks like HDFC Bank, Kotak, and AXIS were not that excited. ICICI on the other hand was totally on another orbit today. If you look at the chart below you can see the fear of heights (blue markers). The best way to get through is with a mega gap-up, which will force the weak hands to run for cover.
4mts chart
Make no mistake, BN has rallied 2094 points ~ 4.69% from the recent swing low. But visually that rally is not bullish yet, that is because the time factor is at play. BN is very near the top of the bearish channel. A break above 47016 and then 47465 will give it sufficient momentum to surge through. The biggest factor that is holding up is HDFC Bank which has fallen after its results. We guess the bulls are waiting for HDFCBK to regain its footing so that the index itself can break free. The only way Nifty can get past 22500 is with the help of BankNifty. We do not remember the last time where Nifty50 kept making new highs without the support of BN.
63mts chart
Algo Trading
Our BankNifty algo trades ended today with a gain of Rs3793.
Banknifty idea for positional trading optional trancing for nextBuy above line mentioned
Strictly on stop loss exit must needed . Don’t trade without so
You can buy October call strict price will be target 1 wali call
Or you can choose target 2 wali strike prices for next month expiry of October .
Follow for more
If so hit then exit as the only problem is that hdfc bank is in downtrend he can push mkt down so when it break entry line with bullish candle body only then take trade not by break with line or wick.
BANKNIFTY LEVEL 💲💸 🤑Description. 04 sep
Bank Nifty Actionable levels for Monday
#Current Price- 44403
Good #Resistance- 44584
Strong #Support- 43711
#Target we can expect 44753 and 44929 if a break of 44438 above ⬆️ Resistance level 🎚️
#Target we can expect 43997 and 43711 if a break of 43997 below ⬇️ Support level 🎚️
#Execution trade should be above or below from resistance or support levels 15-minute candle.
Alerts ‼️🚨 this is Only for Education Purpose.
Please Give your precious comments 🤞🏻
Thank you 🙏 AkashXtrade
26 Jul ’23 Post Mortem on BankNifty | Options premiums are LOWBanknifty on the other hand gave a trend reversal signal in just a day. For nifty we had atleast 3 days in succession. I took some short positions yesterday intraday and was all geared up to further attack by shorting more CALLS today.
The opening minutes looked encouraging, so did the period from 10.35 to 11.15 but 2 things went against it.
The options data showed lack of interest in creating CE credit spreads i.e shorting near ATM call option and buying a far away OTM option.
Banknifty started to rally and take the place of NiftyIT which reversed from its intraday high.
It was like 2 brothers who came prepared from evening to support their sister, when one brother got tired, the other one jumped in. In our case the BankNifty brother did more than just support - it rallied an impressive 252pts ~ 0.55% up till 14.30.
The short trade negation came in banknifty only after the 46000 got taken out. Let us see how the expiry day is getting played out tomorrow because as it stands the options premium in banknifty looks pretty low. The India VIX staying in the 10 range is also a discouragement for the bears that are still left.
...
Please comment with your thoughts, opinion or bias, I will respond with mine!
BankNifty Future Analysis for Tomorrow 26th June 2023BankNifty Future Analysis for Tomorrow 26th June 2023
As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels Tomorrow, kindly check the charts on 15 min time frame and act accordingly.
#IntradayLevels
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
#BankNifty #DayTrading #IntradayLevels #TradeWithDiscipline #Search_MarkitVUE_in_Telegram_For_Daily_Trades
#15min #timeframe #TradeOnCharts #SureTrade #SystematicTrade
Trade for 14 JuneHello traders
Hope you have seen the last post for entry and exit.
Take a look again at yesterday post and look today's chart it has not crossed the 43950 level and on buy side it crosses 44050 level and go till 44120 level if you are smart and not greedy you have booked some points after 44050 level.
Again the levels are same which are marked on chart buying is above 44160 and buying more at 44050 level because now it is support.
On sell side if it breaks 44050 let it sustain below the level and take a small quantity. Mark in mind never trade against your rule, money and risk management, never trade in FOMO.
Thanks
PostMortem on BankNifty Today & Analysis of 27 Mar 2023There are few important aspects to the price action today. We stuck to a small range today - it would have been good for intraday straddlers & short iron-fly, iron-condor strategy deployers.
So we opened inline at 39484, many would argue that it was a gap up. But i wouldnt say that because of the price action from the previous session.
As soon as we hit the last session's swing low, we got a bounce of 270 pts, but this did not sustain and we fell back to the same low point.
We had a second bounce of 268pts between 11.30 to 12.45 & as expected this did not sustain as well. and fell back to the low point of the day again.
Now between 13.25 to 14.35 we had the 3rd bounce of 383 pts & again we could not breakthrough the 39742 level. And we fell back to the low point of the day.
The important aspect in today's price action is we had 4 tests of 39300 levels today (see cyan markers from chart). And none of them gave away.
I am not saying that its a bullish sign, but its an area of importance. Either the volume traded today might be too low to create any volatility to break this zone or we may need some external triggers to break down.
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On NSE:BANKNIFTY minds i made 3 posts today
"$BANKNIFTY we need a break of support 38690 for strong bearish momentum" at 10.14
"$BANKNIFTY option prices are not providing clear direction" at 13.39
"$BANKNIFTY needs to take out 39742 to go bullish" at 14.39
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15mts TF is looking at a sideways movement, i was hoping was a retest of 38690 levels today - but that did not happen. Instead the 39300 level came to rescue. I am seriously considering to mark a new SR zone at 39310.
to view all 10 charts in today's discussion visit viswaram. com
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1hr TF is still bearish to me, agree its taking some time for the new leg to form. If there are no fundamental news triggers i am expecting the 38690 levels to be taken out this week itself. Keeping my fingers crossed
PostMortem on BankNifty Today & Analysis of 17 FEB 2023So today's price action confirms the move that we had yesterday was not fake. How many traders & investors would have been trapped on the long side when the 41629 resistance broke out?
The prevailing trend was bearish, but when an important resistance gave away, it would have prompted lot of buyers into action. And once they deployed their funds we got the reversal. The dip could even be short term, may be it will negate in the coming week itself - but imagine the amount of money you would have lost over the last 2 days?
Today's move in NSE:BANKNIFTY was nothing dramatic, agree that many would call it unexpected. But for analysts who have been following the series of events after the meltdown in Adani stocks - this should have been a not so difficult picking.
Open was gap down at 41514 and the first 2 candles were in red - already doing the damage in opening 10mts. This set the trend rolling, we had a single leg of consistent fall of 1.57% ~ 652pts till 13.40.
The selling stopped near the 1st support level of 40868 and we also had a brief pull back of 0.65% ~ 267pts from 13.45 to 15.10.
This pull back ensured that the total fall of NSE:BANKNIFTY was only 1.2% ~ 499pts which is not so bad either. But there are some interesting things that happened
The spike in volume of CE options traded, showing intense writing. The volumes spiked just after NSE:BANKNIFTY made the pull back ensuring the option sellers got good premiums too.
The drop in options premium on the PE side after 14.50 aiding the view that the dip may not have further deep legs. If today's fall was that dramatic then the PE options should have retained their higher premiums.
It can also be true that the premiums could spike on monday or tuesday if we have continuation pattern. And most of you would have seen the % spikes PE premiums hit.
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15mts TF has negated the small bullish view that it had on 15th. From there we had 1 support break & retest of the 2nd support level.
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1hr TF may be showing the range widening possibilities in the coming weeks. This could be because the selling came in only when NSE:BANKNIFTY went over the resistance - a common phenomenon associated when sellers are in control.
Banknifty for 15th November 2022🔴As i told that market may took support at all time high swing level 41950 level
🟡Today market took support at 41950 around and then facing resistance at 42230 levels,which is last days fighting levels
🟢Activate your sell orders ofter market brack 41950 levels downside
🛑Think before take bullish orders ofter brack 42230 levels
❤️Please like if it helps you 😊
Have a great trading day 🥰
Banknifty for 11th nov 2022👉 Banknifty took support at last swing low 41333
and brack huge resistance level 41500
👉 Market may open huge gapup above to all time
High and may it came down to take support at
previous all time highlevels 41200
👉 little bit bearish due to. Huge gapup
At all time high
Next 2 days holidays
👉Squreing off and build new position in last market
hours
All the best have a great day 😊