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BANKNIFTY

Nifty Trade Analysis for 7th November 2024Nifty Trade Analysis As of the current price of Nifty at 24,485, here are the potential trading opportunities for both buying and selling based on our target levels: Buy Setup Buy Above: 24,540 Targets: 24,610, 24,690, 24,890 Rationale: If Nifty surpasses 24,540, it could indicate bullish momentum, with a potential rally toward the first target of 24,610. Further upward movement could drive it towards the subsequent targets, indicating strong buying interest. Sell Setup Sell Below: 24,200 Targets: 24,090, 23,950, 23,830 Rationale: If Nifty falls below 24,200, it may signal bearish sentiment, with potential declines to the first target of 24,090. Continuing downside could lead to additional target levels, suggesting a more pronounced downward trend. Disclaimer: I am not SEBI registered. This analysis is for informational purposes only and should not be taken as financial advice. Please conduct your own research or consult a professional before making any trading decisions. Trading in financial markets involves substantial risk, and past performance is not indicative of future results.
NSE:NIFTY
by ramkkyy
BANKNIFTY MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by StocksOptionBlaster
BankNifty Intraday Support & Resistance Levels for 07.11.2024On Wednesday, BankNifty opened with a gap-up but traded within a narrow 300-point range, touching a low of 52,185.40 and a high of 52,493.95. It closed at 52,317.40, adding 110 points over the previous close. The Weekly and Daily Trends (50 SMA) remain sideways, signalling potential consolidation. Demand/Support Zones Minor Support (30m): 50,900.10 - 51,230.85 Minor Support (15m): 50,382.10 - 50,485.15 Near Support (Daily): 49,654.65 - 49,959.25 Far Support: 49,282.65 (61.8% FIBO Level) Deep Support (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Resistance (Daily): 52,817.80 - 53,235.25 Key Resistance (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal
BankNifty Intraday Support & Resistance Levels for 06.11.2024On Tuesday, BankNifty opened on a weak note, reaching a low of 50,865.45 within the 30-minute demand zone before surging over 1,000 points to a high of 52,289.55. It closed strong at 52,207.25, gaining 992 points from the previous close. The Weekly Trend (50 SMA) remains sideways, as does the Daily Trend. Demand/Support Zones Near Minor Demand/Support (30m): 50,900.10 - 51,230.85 Near Minor Demand/Support (15m): 50,382.10 - 50,485.15 Far Demand/Support (Daily): 49,654.65 - 49,959.25 Extended Support: 49,282.65 (61.8% FIBO Level) Deep Demand/Support (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance (15m): 52,264.05 - 52,349.45 (tested) Far Supply/Resistance (Daily): 52,817.80 - 53,235.25 Extended Supply/Resistance (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal
#BANKNIFTY - 6TH NOVEMBER 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. Ps note : I'm not a SEBI Registere.
NSE:BANKNIFTY
by thetradeforecast
1
Technical Analysis Part - 4The MACD is a momentum indicator that can be used to anticipate changes in market sentiment. However, it is not foolproof: experienced traders look to other metrics, such as trading volume, for a more complete perspective on market sentiment. Key Takeaways The moving average convergence divergence (MACD) is a popular momentum indicator that is used in technical analysis. The MACD is calculated by comparing exponential moving averages in a security's price. The MACD line is charted alongside a nine-day moving average of the MACD line, called the signal line, and a histogram representing the difference between these two curves. Traders use the MACD histogram to anticipate changes in market momentum. MACD analysis can still generate false price predictions. Experienced traders use additional metrics and fundamental analysis to support their forecasts.
NSE:BANKNIFTYEducation
by SkyTradingZone
BankNifty Intraday Support & Resistance Levels for 05.11.2024On Monday, BankNifty opened on a high note, with Open = High at 51,729.90, before dropping over 650 points to a low of 51,070.65. It closed at 51,215.25, down by 458 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways, suggesting caution in both directions. Demand/Support Zones Near Minor Demand/Support (30m): 50,798.45 - 50,888.95 Near Minor Demand/Support (15m): 50,382.10 - 50,485.15 Far Demand/Support (Daily): 49,654.65 - 49,959.25 Extended Support: 49,282.65 (61.8% FIBO Level) Far Demand/Support (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance (30m): 51,634.50 - 51,793.50 Near Supply/Resistance (15m): 52,264.05 - 52,349.45 Extended Supply/Resistance (Daily): 52,817.80 - 53,235.25 Far Supply/Resistance (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal
BankNifty Intraday Support & Resistance Levels for 04.11.2024On Friday, BankNifty opened with a gap up, breaking through near 5m and 15m supply zones to reach a high of 51,825.50 before closing at 51,673.90, up by 198 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways. Demand/Support Zones Near Minor Demand/Support (5m): 51,158.65 - 51,233.50 Near Demand/Support (15m): 50,382.10 - 50,485.15 Far Demand/Support (Daily): 49,654.65 - 49,959.25 Far Support: 49,282.65 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance (15m): 52,264.05 - 52,349.45 Near Supply/Resistance (Daily): 51,855.15 - 52,577.50 (tested) Far Supply/Resistance (Daily): 52,817.80 - 53,235.25 Far Supply/Resistance (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal
1st Nov 2024 - Nifty up 90pts, dropping coverage on BankNiftyNifty Stance Bearish ️⬇️ The Nifty went up by 90 points 0.38% this week, but we are still in a bearish hold and hence are not revising our stance. We saw a good bounce on the 28th morning session and then we gave up some gains in the afternoon session. On Tuesday we started falling initially and then recovered superbly. On Wednesday we held the ground, but on Thursday we fell quite badly. In fact by the 31st of October, Nifty was back at the same levels as on Friday the 25th. Then we had the Muhurat Trading session between 6 to 7 pm on 1st November wherein Nifty bounced a bit and closed at 24304 levels.  Diwali trading usually ends in green because a huge crowd of people buy stocks almost blindly, this could be the reason we saw some buoyancy on Friday. From a weekly perspective, I still maintain the bearish position for Nifty, and the stop loss levels will be a close above 24419.  I am dropping coverage on BankNifty immediately and will also stop trading both algos and manual on this Index. The main reason is that BN has been removed from the weekly expiry due to the SEBI rule that only 1 index can be selected by an exchange for weekly expiries and NSE went ahead with Nifty. Meanwhile, I am adding Sensex to my list and will start publishing technical analysis reports as soon as I start trading on it.
NSE:NIFTYShort
by viswaram