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BANKNIFTY

Nifty Trading Strategy for 17th December 2024Nifty Trading Strategy Key Levels: Buy Above: The high of the candle which closes above 24,730 on a 15-minute chart Sell Below: The low of the candle which closes below 24,555 on a 15-minute chart Strategy Details: Buy Signal: Enter a buy position above the high of the candle that closes above 24,730 on a 15-minute time frame. Sell Signal: Enter a sell position below the low of the candle that closes below 24,555 on a 15-minute time frame. Additional Tips: Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals. Risk Management: Always use stop-loss orders to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact Nifty. Disclaimer: I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy
Banknifty Analysis for tomorrow 17 Dec 24As we discussed yesterday, the market was sideways as it could not break the resistance level. If we look at the chart now: The market is in a sideways zone and expected to have a bullish bias. If Liquidy Grab came, it might also touch 53300. However, the market is not Bearish right now unless it breaks the support (53300) to the downside. It is a sideways area in the orange region, and it is bullish in the green region. Support levels : 50 EMA, 53300, 52980, 200 EMA Resistance levels : 53724, 24290 If we look at the OI data: PCR = 0.9 (unchanged) shows bullish market behavior. There has been good PE writing at 53500, which is going to provide a good support level. Also, 53500 has good CE writing, which might hold the level for a bit. The next good resistance is 54000. I am expecting the market to be bullish (if breaks upside) in upcoming sessions. Reason: The market has broken the upside in the channel-making flag and pole structure. PCR = 0.9 shows that the Market is Bullish. RSI ~ 60 shows a Bullish structure. Price > VWAP shows the market is bearish right now. Price is trading in the mother bar candle zone, which is going to be sideways. Once it's broken, it can give nice bullish momentum. Verdict : Sideways in region or Bullish if breaks 53750 to upside. Plan of action: Inside sideways Zone IRON CONDOR, if breaks 53750 go BULLISH.
NSE:BANKNIFTY
by finnova_
BANKNIFTY: INSTITUTIONAL LEVELS FOR 16/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
#Banknifty directions and levels for December 16th.Bank Nifty Current View: This also looks like the Nifty sentiment; if the market takes a pullback after the gap-down start, we can expect the rally to continue. However, confirmation should be considered from an effective break of the MSZ mark. This is the basic structure; until this zone is broken, we can expect minor consolidation. Alternate View: The alternate view suggests that if the market sustains the gap-down and breaks the 53450 mark, it could reach a minimum of 23% to a maximum of 38%. Structurally, it won’t break 38%. However, if it does break, then it will reach the 50% and 78% Fibonacci levels in the recent swing. Simply put, if you find a three-wave structure while it reaches this level, we can expect a bounce back, which indicates a bullish structure. However, if it reaches the 38% level in a straight line, it will likely continue further once it breaks the 38% mark.
NSE:BANKNIFTY
by Manickamtraders
silver Divergence TradingTrend lines are among the most accurate buy and sell indicators, along with simple moving average, stochastic, moving average convergence divergence, and relative strength index being the top trading indicators that help traders analyze the market signals effectively. The best divergence indicators mt4 are MACD, RSI, stochastic, OA. They are user-friendly and simple but provide quite accurate trading signals. You can learn more about stochastic oscillator trading forex in the article Stochastic Oscillator: guide for using indicator in Forex trading.
NSE:BANKNIFTY
by SkyTradingZone
3
Banknifty analysis for tomorrow 14 Dec || BullishAs we discussed yesterday, the market has shown a really nice V-shape recovery, which shows the market has a bullish nature. If we look at the chart now: The market broke to the downside and then gave a V-shaped recovery. Also, It broke the flag and pole patterns to the upside. Support levels : 53170, 200 EMA (15H-TF), 52906 Resistance levels : 53607, 53821, 54291 If we look at the OI data: PCR = 0.9 shows bullish market behavior. There has been good PE writing at 53500, which is going to provide a good support level. Also, 53500 has good CE writing, which might hold the level for a bit. The next good resistance is 54000. I am expecting the market to be bullish in upcoming sessions. Reason: The market has broken the upside in the channel-making flag and pole structure. PCR = 0.9 shows that the Market is Bullish. RSI > 60 shows a Bullish structure. Price > VWAP shows the market is bearish right now. Price is trading in the mother bar candle zone, which is going to be sideways. Once it's broken, it can give nice bullish momentum. Verdict : Bullish and sideways. Plan of action: Wait for the market to retrace and then go bullish.
NSE:BANKNIFTYLong
by finnova_
#Banknifty directions and levels for December 13th.Bank Nifty Current View: This also looks like the Nifty sentiment; if the market opens with a gap-down, it could reach a minimum of the 78% Fibonacci level. After that, if it sustains or breaks the level of 78%, then the correction will continue to the demand zone. If it finds support there, we can expect a minimum bounce back of 23% to 38% in the minor swing. On the other hand, if it consolidates or breaks below, then the correction will likely continue. Alternate View: The alternate view suggests that if the market takes a solid pullback around the immediate support level and breaks the 38% level in the minor swing, it could re-enter the range-bound market, which means we can expect targets of a minimum of 78% to the channel top. This also indicates that until it breaks the 38% level, it could remain a bearish market.
NSE:BANKNIFTY
by Manickamtraders
Banknifty analysis for 13 Dec - Getting ready for BullsAs Banknifty is trading in the accumulating channel, the market is getting ready for the bulls. If we look at the chart now: The market is trading at the 1H-TF support 50-EMA. The Price is trading below the ema(13, 50) and above 200. EMA shows the market is in a sideways phase. The market might take support here, as it is at the lower level of the channel and 200 EMA (15-min TF) Support levels : 53170, 200 EMA (15H-TF), 52906 Resistance levels : 53607, 53821, 54291 If we look at the OI data: PCR = 0.9 shows bullish market behavior. There has been good PE writing at 53000, which is going to provide a good support level. Also, the upper side 53500 has good CE writing. I am expecting the market to be bullish in upcoming sessions. Reason: market is accumulating in the channel-making flag and pole structure. PCR = 0.9 shows that the Market is Bullish. RSI 40-60 shows a sideways structure. Price < VWAP shows the market is bearish right now. Price is trading in the mother bar candle zone, which is going to be sideways. Verdict : Sideways or Bullish Plan of action: Sideways: wait for the market to break out of the channel. Inside the channel, you can channel range and play iron condor.
NSE:BANKNIFTYLong
by finnova_
Technical Analysis Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories. What exactly are the two types of technical analysis? Chart patterns and technical (statistical) indicators are the two main types of technical analysis. Chart patterns are a subjective type of technical analysis in which technicians use certain patterns to indicate regions of support and resistance on a chart.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
#Banknifty directions and levels for December 12th.Good Morning, friends! 🌞 Here are the market directions and levels for December 12th. Market Overview: There have been no significant changes in global and local markets, and both continue to maintain a bullish sentiment. Today, the market is expected to open with a neutral to slightly gap-down start, as the Gift Nifty is showing a negative 10 points at 8:00 AM. In the first two trading sessions of the week, there were no major events in either the local or global markets, leading to choppy movements. However, yesterday, the US market had inflation data released. Interestingly, the market did not react significantly to the data, with the Dow Jones ending slightly negative. This indicates that it might not have much of an impact on our market today. What About Today? Even though we are in a range-bound market, the overall bias remains bullish. So, even if the market starts on a negative note or undergoes some initial correction, it is likely to bounce back by the end of the day. On the other hand, if the market pulls back and sustains its levels, we can expect the rally to continue. It's important to note that these scenarios will only unfold if the market breaks the minor range that I mentioned in the chart. Apart from this, all the relevant information has been discussed in the previous sessions, which we can continue to follow for guidance.
NSE:BANKNIFTY
by Manickamtraders
#Banknifty directions and levels for December 11th.Bank Nifty Current View: The current view for Bank Nifty indicates that if the market initially declines, it could reach a minimum of 53370 to the minor demand zone. After that, if it consolidates or breaks this level, then the correction will likely continue. Alternate View: The alternate view is similar to the Nifty sentiment. If the market initially pulls back and breaks the channel to the upside, it could reach 53747 and the minor supply zone. Both are major resistance levels, so if the market sustains or breaks this level, we can expect further pullback continuation. Conversely, if it rejects at these levels, the rally will likely continue.
NSE:BANKNIFTY
by Manickamtraders
#banknifty -11th December!NSE:BANKNIFTY1! NSE:BANKNIFTY Understand the chart, observe the analysis, implement while trading: Key Observations: 1. Trendlines: - Resistance Trendline: A descending trendline (sloping down) marks the area where the price faces selling pressure. This indicates a pattern of lower highs. - Support Trendline: An upward-sloping trendline beneath the price indicates where the price finds buying interest. This suggests a slight upward momentum at the support level. 2. Consolidation Zone: - The price is moving within a tightening range between these two trendlines, forming a wedge or triangle pattern. This indicates consolidation, where the market is waiting for a breakout or breakdown. 3. Support Levels: - Key support levels are highlighted at 53,407.75, 53,229.05, 53,057.45, and 52,784.15. These levels represent zones where buyers are likely to step in and prevent further price decline. 4. Resistance Levels: - Resistance levels are marked at 53,679.35, 53,956.65, 54,128.90, and 54,304.25. These are zones where the price may face selling pressure. 5. Current Price Action: - The price is currently at 53,577.70, approaching the descending resistance trendline. This is a critical point because it suggests a decision zone for the next move. Scenarios: 1. Bullish Breakout: - If the price breaks above the descending resistance trendline, it could signal bullish momentum. - Potential targets are the next resistance levels at 53,956.65, 54,128.90, and 54,304.25. 2. Bearish Breakdown: - If the price breaks below the support trendline, it may indicate a bearish trend. - Possible downside targets are the lower support levels at 53,229.05, 53,057.45, and 52,784.15. 3. Neutral Consolidation: - If the price continues to move within the wedge, traders may need to wait for a clear breakout or breakdown before acting. What This Chart Suggests: - The chart highlights decision points for the market, with the wedge pattern indicating an imminent breakout or breakdown. - A breakout above resistance would suggest strength, while a breakdown below support would indicate weakness. Trading Plan: - For Buyers: Wait for a breakout above the resistance trendline and aim for higher resistance levels. - For Sellers: Look for a breakdown below the support trendline and target the lower support zones. Not SEBI Registere.
NSE:BANKNIFTY
by thetradeforecast
1
Nifty analysis for 11/12/2024. Nifty is in a range bound cycle after the bullish move from the recent low. 50% Fibonacci levels is acting as a crucial resistance level for the market. Overall market seems bullish but still the market can take the resistance form fib levels and revert to continue the bearish trend. The moving averages on the hourly charts are near to the trading price and it can move either way. Major support levels :- 24500, 24330, 24170 Resistance levels :- 246660, 24770 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
The CRR Cut Impact Unfolds: Banking Sector Ready for Liftoff◉ Abstract The Reserve Bank of India's recent decision to lower the Cash Reserve Ratio (CRR) by 50 basis points to 4% is set to have a big impact on the banking sector. This change will free up about ₹1.16 lakh crore, giving banks more money to lend, especially in areas like real estate and infrastructure. As banks can now earn more from loans, their profits are likely to improve. The stock market has responded positively, with financial stocks rising. Additionally, this CRR cut might lead to lower interest rates in the future, helping the economy grow even more. Key banking indices are showing strong upward trends, reflecting growing investor confidence. Continue reading the full article: The recent 50 basis points cut in the Cash Reserve Ratio (CRR) by the Reserve Bank of India (RBI) to 4% will have several key impacts on the banking sector: 1. Increased Liquidity: Approximately ₹1.16 lakh crore will be released into the banking system, enhancing banks' capacity to lend. 2. Higher Lending Potential: Banks can extend more loans, supporting economic growth, particularly in sectors like real estate and infrastructure. 3. Improved Profitability: Lower CRR can enhance banks' net interest margins as they can invest more in higher-yielding assets. 4. Positive Market Reaction: Financial stocks have shown gains, reflecting investor confidence in increased lending activities. 5. Future Rate Cuts: This move may lead to potential interest rate cuts in the near future, further stimulating economic activity. ◉ Technical Analysis 1. Nifty Bank NSE:BANKNIFTY ● The Nifty Bank index is experiencing a strong upward trend, marked by a series of higher highs and lows. ● After reaching a record peak near the 54,470 level, the index pulled back to the trendline support. ● However, following a recent bounce, it is approaching its prior high and is expected to keep rising. 2. Nifty PSU Bank NSE:CNXPSUBANK ● This index reached an all-time high around the 8,050 level before retreating to the trendline support. ● Following a bounce back, it has successfully broken through its trendline resistance and is now set for further upward movement. ◉ Stocks to Watch 1. HDFC Bank NSE:HDFCBANK ● The price has broken through its consolidation range and reached a new all-time high, with expectations of further gains. 2. State Bank of India NSE:SBIN ● The stock price has displayed a strong upward trend. ● After reaching a record high of 912, the price has entered a consolidation phase and is now trying to make a breakthrough. ◉ Overall Outlook The CRR cut is expected to be a catalyst for market momentum. As banks capitalize on increased liquidity, the banking sector will experience growth, economic expansion will accelerate, and market sentiments will become increasingly positive.
NSE:BANKNIFTYLong
by GoodluckCapital
#Banknifty directions and levels for December 10th.Bank Nifty Current View: The sentiment for Bank Nifty looks similar to that of Nifty. If the market takes an initial pullback, it could reach the supply zone, which is a major resistance. If it breaks this resistance, we can expect the next target to be 54,234. On the other hand, if it doesn’t break this level, the range market will likely continue. Alternate View: The alternate view suggests that if the market initially declines, it could reach the 38% Fibonacci level, which is a major support level. Until this support is broken, the market will maintain a range; if it breaks this level, we can expect a correction.
NSE:BANKNIFTY
by Manickamtraders
#Banknifty directions and levels for December 9th.Bank Nifty Current View: The sentiment for Bank Nifty looks similar to that of Nifty. If the market takes an initial pullback, it could reach the supply zone, which is a major resistance. If it breaks this resistance, we can expect the next target to be 54,234. On the other hand, if it doesn’t break this level, the range market will likely continue. Alternate View: The alternate view suggests that if the gap-down sustains, it could reach the 38% Fibonacci level, which is a major support level. Until this support is broken, the market will maintain a range. If it breaks this level, we can expect a correction.
NSE:BANKNIFTY
by Manickamtraders
Entry at SupportThis trade is based on Exponential Moving Average (9 &15) considered in the Weekly Time Frame. A trade can start at the current level (Entry between 795 to 780). Maximum risk to be considered is 5% to 6%. However a strong Candle closing below 740 level will indicate EXIT from the trade. The stock can show upward movement as below: 1) 1st Target is 20% from current level 2) 2nd Target is 30% from current level 3) 4th Target is 50% from current level . **All targets to be observed in Weekly time frame**
NSE:EMSLIMITEDLong
by umangkrmahato