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BANKNIFTY

BANKNIFTY Intraday Trade Setup For 5 Aug 2024BANKNIFTY Intraday Trade Setup For 5 Aug 2024 Bullish-Above 51610 Invalid-Below 51500 T- 52137 Bearish-Below 51080 Invalid-Below 51190 T- 50550 BANKNIFTY has closed on a slight bearish note last week, ended near week low and formed a shooting star candle. It is near 50 EMA in daily TF breakdown will turn overall trend to bearish. However key level for sharp bearish momentum will be 50400 which is last daily swing low. 49k will be 1st target in the downside. 51610 is a crucial bullish reversal level which is held by the plotted trendline. In case 51200 is sustained bears may start gripping. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 51610 then we will long for the target of 52137. For selling we need a 15 Min candle close below 51080. T- 50550. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
2
#Banknifty directions and levels for August 1stBankNifty BankNifty is still within a range. Both current and alternate views indicate a range market structure. Here’s the breakdown: Current view: If the gap-up sustains, we can expect a move to the 51825 level. If it breaks or consolidates, the pullback will likely continue to the swing high or channel top. If it doesn’t break the 51825 level, it will continue to range. Alternate view: If the market rejects or the gap-up doesn’t sustain, it will continue to range between 51825 (upside) and 51275 (downside). If it breaks the range in either direction, we can follow that trend.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY TRADING LEVELS FOR 01-08-2024Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:BANKNIFTY
by tony_fx_sm
BankNifty Intraday Support & Resistance Levels for 01.08.2024On Wednesday, BankNifty remained within the previous day's range, not crossing the high or low of Tuesday, and closed at 51553.40. The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) is sideways. The support and resistance levels remain the same as mentioned in the last post: Support Levels: Near Demand/Support Zone (15m): 51023 - 51082 Near Demand/Support Zone (30m): 50851 - 51951 Near Demand/Support Zone (75m) for weekly trade: 50707 - 59960 Major Demand/Support Zone (Weekly): 49530 - 50253 Resistance Levels: Near Supply/Resistance Zone (30m): 51793 - 51923 Small Supply/Resistance Zone (5m): 52238 - 52315 Major Supply/Resistance Zone (75m): 52880 - 53188
NSE:BANKNIFTY
by PriteshPal
#Banknifty directions and levels for July 31st.BankNifty: Current View: BankNifty's current view also indicates a range market. Usually, range market trading seems easy, but practically it's very difficult. If you want to enter a long position, you should wait for a breakout at the level of 51607. If it breaks, we can expect 51836 to the Fibonacci level of 78%, meaning the market will continue the channel pattern. Alternate View: The alternate view suggests that if the market breaks the channel bottom, we can expect a correction to the level of 51087. Structurally, this is a minor support. If it consolidates around there, we can expect the correction to continue if it breaks. On the other hand, if it rejects sharply, we can expect a 38% to 61% pullback in the minor swing.
NSE:BANKNIFTY
by Manickamtraders
BankNifty Intraday Support & Resistance Levels for 31.07.2024On Tuesday, BankNifty remained within the range of the previous day, not crossing the high or low of Monday, and closed at 51499.30. The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) is sideways. The support and resistance levels remain the same as mentioned in the last post: Support Levels: Near Demand/Support Zone (15m): 51023 - 51082 Near Demand/Support Zone (30m): 50851 - 51951 Near Demand/Support Zone (75m) for weekly trade: 50707 - 59960 Major Demand/Support Zone (Weekly): 49530 - 50253 Resistance Levels: Small Supply/Resistance Zone (5m): 52238 - 52315 Near Supply/Resistance Zone (15m): 51317 - 51462 Major Supply/Resistance Zone (Daily): 51874 - 52587
NSE:BANKNIFTY
by PriteshPal
BANKNIFTY Intraday Trade Setup For 31 Jul 2024BANKNIFTY Intraday Trade Setup For 31 Jul 2024 Bullish-Above 52000 Invalid-Below 51890 T- 52511 Bearish-Below 51130 Invalid-Above 51240 T- 50380 BANKNIFTY has closed almost on a flat note with slight gain of 0.18% today. Yesterday a pullback scenario was discussed for a short position as said we are going into sell on rise mode. Sell triggered as per trade setup @ 51900-50 and fell till 51400 which was our target. It has formed an inside candle in daily TF which is a potential compression in coming sessions. 52k and 51130 are intraday levels for tomorrow. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 52k then we will long for the target of 52511. For selling we need a 15 Min candle close below 51130. T- 50380. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
#Banknifty Direction's and levels for July 30th.Bank Nifty: > As per the weekly analysis, we expect the rally to sustain at the 78% Fibonacci level, and if it does, the rally could continue further. However, yesterday the market sharply rejected the 78% level, indicating an alternate view. > According to this alternate view, we can initially expect a range market if today's market finds support around the immediate support level. If this happens, we can expect a minor pullback of 38% to 50%. This is our first variation. > The alternate variation indicates that if the correction shows aggression, we can expect the correction to continue with some minor consolidations.
NSE:BANKNIFTY
by Manickamtraders
4
BankNifty Intraday Support & Resistance Levels for 30.07.2024On Monday, BankNifty opened gap up and entered the major daily supply/resistance zone mentioned in the last post. It then fell almost 1200 points from the top due to selling pressure from the daily supply zone, closing at 51406.25 with just a 110-point gain. The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 51023 - 51082 Near Demand/Support Zone (30m): 50851 - 50951 Near Demand/Support Zone (75m) for weekly trade: 50707 - 50960 Major Demand/Support Zone (Weekly): 49530 - 50253 Resistance Levels: Small Supply/Resistance Zone (5m): 52238 - 52315 Near Supply/Resistance Zone (15m): 51317 - 51462 Major Supply/Resistance Zone (Daily): 51874 - 52587
NSE:BANKNIFTY
by PriteshPal
BANKNIFTY Intraday Trade Setup For 30 Jul 2024BANKNIFTY Intraday Trade Setup For 30 Jul 2024 Sell_1- From 51905 Invalid-Above 52015 T- 51400 Sell_2-Below 51130 Invalid-Above 51240 T- 50380 BANKNIFTY has closed with a slight gain of 0.22% today. Closing sentiment is bearish as it closed near day low and formed a shooting star candle in daily TF. Sell off was brutal as in just 15-20 Min it was tanked 1100 points. So tomorrow we will maintain a bearish stance or sell on rise approach overall. 51900-51950 can be an intra resistance. Below 51130 index can slip 51600 zone. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 51130 then we will short for the target of 50380. 2nd sell positioned can be done from 51900-50 zone. T- 51400. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
1
#Banknifty directions and levels for July 29th.Bank Nifty: Bank Nifty also saw a strong pullback in the last trading session. If the gap-up sustains, then the pullback will likely continue. My expectation is that, as per the structure, we can't expect much of a retrace even if it rejects either of the resistance levels. This means that if the gap-up sustains, it will continue the rally with some little consolidation. This is our first variation. Alternatively, if the gap-up doesn't sustain or if it rejects either of the resistances sharply, we can expect a 61 to 78% correction in the minor swing, but it should break the 38% Fibonacci level. If it doesn't break it, then it will maintain the bullish bias.
NSE:BANKNIFTY
by Manickamtraders
6
NIFTY VIEWNSE:NIFTY NIFTY is giving Breakout BUT IF THIS BO FAILS THEN WE CAN WITNESS QUICK FALL IN MARKET Good to keep on the radar Always respect SL & position sizing ======================== Trade Secrets By Pratik ======================== Disclaimer NOT SEBI REGISTERED This is our personal view and this analysis is only for educational purposes Please consult your advisor before investing or trading You are solely responsible for any decisions you take on the basis of our research.
NSE:NIFTY
by Trade_Secrets_By_Pratik
3