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BANKNIFTY

Bank Nifty Analysis Hello, Bank Nifty Major Demand Zone @ 30600-30660. Once it will sustain below this level it may test 30400-30450 but I dont think so Bank Nifty will sustain below 30600. As i mentioned in my previous week posts Bank Nifty will be strong after this correction period. I am already avoiding short position in the bank Nifty from this week and making new long positions through option writing. Option writing will be the best trading strategy in the Bank Nifty. Trade Well
NSE:BANKNIFTYEducation
by Swapilchoksi
BANK NIFTY: My Trading PlanHello, Bank Nifty may be stronger then Nifty in coming days. Major Supply Zones @ 31530 and 31750 Minor Demand Zone @ 31070-31150 Let's see on Monday weather it will hold it's minor demand zone or not. If it will manage to hold this level then this demand zone will get more stronger. Option Writing will be the best strategy instead of Future trading because there are multiple demand zones on the down side and supply zones on the upside. I will update this post during the Intraday. Trade Well.
NSE:BANKNIFTYEducation
by Swapilchoksi
Bank Nifty Weekly Analysis - Important Level will Hold or NotHello, In previous week Bank Nifty filled the one pending gap @ 31800-31870. After all time high BNF is making lower low and higher low. In this week important 1st important level to hold is 31050-31150 and 2nd is 30600-30650. Below 30600-30650 it may test 30350-30400-30450 which is a next strong demand zone. If BNF will hold 31050 and 30600 then it may trade sideways or sideways to positive. In this week BNF may stronger then NF. In this week I will focus on Option writing instead of Future trading. Trade Well
NSE:BANKNIFTYEducation
by Swapilchoksi
New Update in Bank NiftyAs I mentioned my yesterday post that, I will sell BNF 31300-350 zone or 31450-550 zone or sustain below 30900 but today trading range was narrow and near minor support zone. So today was a trade free day for me in BNF. Today One thing changed that it has broke its previous bottom @ 30900 and mane a new low @ 30862. Now very strong support zone @ 30500 on daily as well as weekly. There is a gap @ 30800-30860. So in coming day BNF will fill this gap. My scene is that in higher time frem BNF is in oversold position so may be it will be sideways or sideways to positive for sometime but remember bhav bhagwan che. My Trading Plan: If it will sustain below 30900 then I will take a short position I will take a short position if it will test 31300-350 or 31450-550 and not able to sustain above this zone. Thank x Tread Well.
NSE:BANKNIFTYEducation
by Swapilchoksi
5
BANKNIFTY ANALYSISHELLO TRADERS, As we can head and shoulder pattern are making banknifty spot chart on daily time frame. there is two types of head and shoulder making. If shaded h&s made so breakout is confirmed today OR curve blue line h&s work then isn't yet breakout confirmed we need to do wait for breakout hope we can see breakout tomorrow. BULLISH LOOKOUT- If banknifty open gape up and took support of 31100-31120 and trade above this level then we can see bullish move in banknifty resitance will be 31310-31350. BEARISH LOOKOUT - If banknifty open gape down and took resistance of 31900-31800 and trade below this level then we can see 31500, 31300 level as bearish trend as breakout we can see more fall in banknifty if breakout done or happen tom. CONSOLIDATION ZONE - 31900-31050 beware to take position in this range.
NSE:BANKNIFTYEducation
by chazzsen
BANKNIFTY ANALYSIS HELLO TRADERS, As we can head and shoulder pattern are making banknifty spot chart on daily time frame. there is two types of head and shoulder making. If shaded h&s made so breakout is confirmed today OR curve blue line h&s work then isn't yet breakout confirmed we need to do wait for breakout hope we can see breakout tomorrow. BULLISH LOOKOUT- If banknifty open gape up and took support of 31100-31120 and trade above this level then we can see bullish move in banknifty resitance will be 31310-31350. BEARISH LOOKOUT - If banknifty open gape down and took resistance of 31900-31800 and trade below this level then we can see 31500, 31300 level as bearish trend as breakout we can see more fall in banknifty if breakout done or happen tom. CONSOLIDATION ZONE - 31900-31050 beware to take position in this range.
NSE:BANKNIFTYEducation
by chazzsen
Bank Nifty Real Truth Hello, Bearish Harmonic Pattern was created in the BNF on 30th December and correct 1000 points. There is on strong trend line from Feb 2016 is now act as a resistance. On weekly chart Strong demand zone @ 30900-30700 As i only believe in price action, I don't trade and make my trading decision on the basis of any pattern. Same bearish harmonic pattern is created in the Nifty and DJI. There are two types of correction one is time wise and one is price wise. Nifty is showing a time wise correction and BNF is showing price wise correction. Other side after DJI is making new high. So it's better to understand price action. Somehow BNF higher time frem chart was damaged on 8th Jan when it broke 11th Dec low @ 31000. After that BNF is making lower highs. Now Prv low @ 31000 and weekly Strong Demand zone @ 30900-30700 act as a major support and expect bounce from or above these levels. Still all over trend is remain positive in BNF unless it will break and sustain below 30500. Thank x Trade Well
NSE:BANKNIFTYEducation
by Swapilchoksi
4
Nifty Options 13 Jan 2020 and trading system description Nifty Update on request of Raunak Goswami I would also like to shed some light on trading system , stop loss and targets. 1. If market opens above decision range , then 7/10 times it'll stay above decision range whole day. If we are shorting market we'll go short near resistance and try to cover some where inside decision range. If we are going long we wait for any pull back and go long with a stop below decision range. 2. If market opens below decision range , then 7/10 times it'll not break above decision range whole day. So shorting near decision range or going long at support for a target of decision range will be the strategy. Stop Losses Stop losses are very easy to manage in our system. There's only one pro tip If you are not a very confident trader or going through streak of losses from months then if you are going short at resistance or long at support and market starts going against you for 10-15 min , you book loss. If after say 40-50 points going against you market start reversing and starts going below resistance again , you short again and keep the recent high as stop. Trend days or sideways days On a trend day you should not try counter trading , like on a bull reversal day or bull up trend day , shorting is not advisable and vice versa . How to determine whether it's trend day or sideways day Stay with me :)
NSE:NIFTYEducation
by Bigbear2022
1