Bank Nifty: Sext Demand ZonesBNF closed below its supply zone @ 27780-27900. On Monday one it will fail to sustain above this zone then it may test its next demand zone @ 27200-27370.
In any case, sustaining below 27200-27360 another 1000 points downside range will open. It's next minor support @ 26945 and then next major demand zone @ 26140-26350.
Both indexes may be volatile because IVX is trading above 25. It's difficult to trade in the Future with strict stop loss.
Trade Well
BANKNIFTY
Bank Nifty: Intraday: Wait and Watch ModeBank Nifty closed in the middle of the Major Demand and Supply Zone. I think I will avoid trading in the Bank Nifty tomorrow. I will take a short long call from support or resistance and this is not a good area to take a fresh trade. I am in wait & watch mode for tomorrow.
Trade Well
Bank Nifty: Intraday Trade Plan: 30550 important level Hello,
For Bank Nifty now major supply zone @ 30900-31120 and demand zone @ 30550. Tomorrow if it will sustain below 30550 then it may test the next support zone @ 30120-30210 very easily. I will sell BNF in this case.
Open Position:
On Friday, Sold 31300 call @ 120 (closed @ 62) and 31200 call @ 140 (Closed 80).
Bank Nifty: Weekly: Demand and Supply ZonesHello,
Bank Nifty Weekly Demand Zones:
30450-30500 & 30150 & 30820-30900 & 29600-29670.
Bank Nifty Weekly Supply Zones:
30900-31120 & 31450-31650 & 31900-32100
BNF may give a strong downside moment once it will sustain below 30500. I will be bullish once it will sustain above 31560 in this week.
Bank Nifty: Supply and Demand Zone for Expiry TradingHello,
BNF is trading near its supply zone. Tomorrow if BNF will sustain above 31550-600 then I may go long and below 31300 I may go short.
Please find the supply and demand zones in the chart.
Trade Well.
Bank Nifty: Supply and Demand Zone for Expiry Trading
Bank Nifty Intraday Trade PlanHello,
Demand Zone @ 31020-31100 and 30600-30450 and resistance @ 31440
On Tuesday there is a possibility that Bank Nifty may underperform. If it will sustain below 31100 then it will get a first bearish signal. I will go short in once it will sustain below 30900.
The above view will change If it will manage to sustain above 31100.
Trade Well.
Bank Nifty: Demand and Supply Zones for Intraday TradeHello,
As I have mentioned in my Bank Nifty Weekly post, Bank Nifty chart is stronger than Nifty.
1st Major Supply Zone @ 31375-31475
1st Demand Zone @ 30900-31050
2nd Strong Demand Zone @ 30600-30660
Neckline @ 30500
I am not expecting tomorrow BNF will sustain above its first supply zone. If it will sustain then I will plan for a long trade.
On the downside, there are two demand zones. On Monday if the bank nifty will open negative then I will watch the 1st demand zone. If it will sustain below 31050-30900 then I will plan for a short trade.
Trade Well
Bank Nifty: Weekly Expiry Trading PlanPlease find the Trading Zones in the chart.
I am carrying my long position from 30300 (spot). Every breakout of supply zone I added my long position. Find the link below.
Tomorrow if it will sustain above 31050 then I will for the target of 30160. If it will sustain above 31160 then I will add a more long position and my next target will be 31300-31380. If it will sustain below 31000 then I will go with option writing trades.
Trade Well.
Bank Nifty: Trade Plan For Tomorrow Bank Nifty major demand zone @ 30500-30640 and supply zone @ 30970-31050.
I bank nifty will sustain above 30700 then it may test its next supply zone @ 30970-31050, in this scenario I may go long in BNF Fut.
If it will sustain below 30700 then I may sell out of the money call and put options.
Thank x
Bank Nifty: Is it able to sustain above 30150Bank Nifty Major Demand Zone @ 29530-29650 and major supply zome @ 30500-30600. Today it closed the middle of this range.
Tomorrow if Bank Nifty will sustain below 30000 then I may sell out of the money calls and If it will sustain above 30120 then I will go long for the target of next supply zone.
Thank X
Bank Nifty Weekly AnalysisHello,
On the weekly chart, BNF broke major Demand Zone @ 29850-30250. On a weekly basis, if it will sustain below 29850 then it may be seen 29500-29000-28500.
The downtrend may reverse if it will sustain above 30250. Otherwise, every bounce will be a selling opportunity.
Tread Well.