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BANKNIFTY

BANKNIFTY Intraday Trade Setup For 14 Jun 2024BANKNIFTY Intraday Trade Setup For 14 Jun 2024 Bullish-Above 50300 Invalid-Below 50190 T- 51000 Bearish-Below 49750 Invalid-Above 49860 T- 49230 BANKNIFTY has closed once again on flat note with minor cut of 0.1% today. Since 7 Jun it is closing exactly near same level everyday. However we have already discussed the possibility of compressed move this week on Monday itself. We have a holiday on Monday so there will be multiple expires which may result in random moves. 50300 and 49750 is the range to look for breakout. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 50300 then we will long for the target of 51k. For selling we need a 15 min candle close below 49750. T- 49230. 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
13 June 2024 - BankNifty is not making a new top, bulls tired?BankNifty Stance Bullish ⬆️ The stance of banknifty is still bullish, but the pattern is not like Nifty50. Banks are a bit weaker than Nifty. If you notice today, Nifty50 hits its intraday low around 11.20 whereas BN hit it around 15.00. Till 11.20 both N50 and BN were moving alike after which BN did not recover but kept melting down slowly. Still, we ended the day almost flat, thanks to the gap up open. Last year we had a similar repetitive pattern, open high and then close the day near the previous day's close. Much of the action is happening outside of market hours prompting a gap. BankNifty is yet to reclaim its top of 51133, seems like it may take a bit longer. I am still sticking to the view of 11th June, where we said we would switch the stance to neutral if BN is unable to break free from these levels.
NSE:BANKNIFTYLong
by viswaram
Bank Nifty 14-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of PDL Sell - with the rejection of PDL Major Support - Around 495## Major Resistance - Around 525## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Bank Nifty Mathematical Levels These 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 YASHSINCE1995
#Banknifty directions and levels for June 13th.Good morning, friends! 🌺🍬 Here are the directions for June 13th: There are still no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 83 points. Both Nifty and Bank Nifty still have the same range-bound sentiment. As per the wave structure, the consolidation might be the 4th correction and a 5th ending diagonal pattern. So today, if the pullback rejects around the immediate resistance level (50347 for banknifty), we can expect a trend reversal. If you want confirmation of the reversal, you can apply EMA20 or a 38% Fibonacci level breakout in the minor swing. If you feel this signal shows slow movement, you can use structure analysis. If the pullback moves with grinding, it might reverse there. However, everything is a possibility for reversal. We can also see a continuation variation: if the pullback sustains there or if it has a sharp and solid structure, then the pullback will likely continue further. This is the first variation, meaning if the market sustains the gap-up, we can expect these sentiments. On the other hand, if the gap-up doesn't sustain or if it declines initially, then the range-bound market might continue further.
NSE:BANKNIFTY
by Manickamtraders
BankNifty Support & Resistance Levels for 13.06.2024BankNifty broke the intraday supply zone (15m) yesterday, reaching a high of 50,233. However, due to selling pressure from the major resistance zone (Daily) mentioned in earlier posts, it could not sustain and close above the 50,000 mark. BankNifty closed near the 15m demand/support zone created yesterday. If this support holds, we might see fresh buying in BankNifty. The weekly trend (50 SMA) is positive, while the daily trend remains sideways. Support/Demand Levels: Near Support/Demand Zone (15m, Tested): 49,728 - 49,860 Far Small Support/Demand Zone (15m): 49,225 - 49,451 Far Support Zone (15m): 48,801 - 49,055 Resistance/Supply Levels: Near Minor Supply/Resistance Zone (15m): 50,129 - 50,227 Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20
NSE:BANKNIFTY
by PriteshPal
Bank Nifty 13-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with support of R/1 Sell - with rejection of PDL Major Support - Around 489## Major Resistance - Around 502## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY Intraday Trade Setup For 13 Jun 2024BANKNIFTY Intraday Trade Setup For 13 Jun 2024 Bullish- Above 50300 Invalid-Below 50190 T- 51000 Bearish- Below 49500 Invalid- Above 49610 T- 48700 BANKNIFTY has closed with a slight gain of 0.38% gain today. Index has been trading sideways since last 3 session. Premiums have been adjusted to normal pricing. Since the start of this week we discussed that index is likely to form an inside candle in weekly TF which is happening and implication of that will be compressed moves. Tomorrow once again we will follow non directional approach between 50300 and 49500. Breakout of this range will trigger directional move. Wedge formation indicates bulls are trying to take control again. Coming to Thursday's trade setup, if index opens flat and a 15 MIN candle closes above 50300 then we will long for the target of 51k. For selling we need a 15 MIN candle close below 49500. T- 48700. 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
Nifty weekly expiry analysis for 13/06/2024.Nifty for the last 3 trading session has been forming doji candle around the higher levels. The market is holding the upper levels but is not moving much above the previous day high. Single hourly candle is giving a move and after that there are many halt candles. Sentiments are looking negative as the RSI is showing a bearish divergence and market is unable to hold the higher levels. Major support levels :- 23235, 23160 Nifty is still trading above the moving averages. Moving averages strategy may trigger and can give the targets. If nifty starts trading below the first support zone, a bearish entry can be made with the target of next support zone. In case of a gap up opening, today's high will act as the resistance and in case is starts trading above the high, bullish trade with 50-60 points as SL can be carried in less quantity. There are chance of a retracement in the market. If there is a gap down opening below the support zone, wait for the market to get rejection from the zone and trade accordingly. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
BankNifty Support & Resistance Levels for 12.06.2024BankNifty remained in a range yesterday and did not make significant moves to touch either the demand or supply zones. The weekly trend (50 SMA) is positive, while the daily trend remains sideways. Support/Demand Levels: Near Small Support/Demand Zone (15m): 49,225 - 49,451 Near Support Zone (15m): 48,801 - 49,055 Far Support Zone (75m): 47,386 - 48,245 Resistance/Supply Levels: Near Supply/Resistance Zone (15m): 50,018 - 50,100 Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20 (remains the same)
NSE:BANKNIFTY
by PriteshPal
#Banknifty directions and levels for June 12th.Good morning, friends! 🌺🍬 Here are the directions for June 12th: There are no significant changes in the global and our market. It is still maintaining a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 40 points. We are going to follow yesterday's sentiments. Nifty and BankNifty both consolidated in the previous session as well. It's a range-bound market, so the market may consolidate within the range of the past two trading sessions. However The proper statement is: if the market opens neutral, or if it takes support around the immediate support level, then we can expect a minimum of a 78% bounce back in the minor swing. the rally will continue only If it breaks the previous high. otherwise the range only will continue. Alternatively, if the market takes a sharp decline initially, we can expect the correction to continue with minor consolidations around 23,029 for Nifty and 49,268 for BankNifty. Here, the structure is important. If it has a solid reddish candle, we can expect a correction; otherwise, the range may continue further.
NSE:BANKNIFTY
by Manickamtraders
3
BANKNIFTY Intraday Trade Setup For 12 Jun 2024BANKNIFTY Intraday Trade Setup For 12 Jun 2024 Bullish-Above 50000 Invalid-Below 49890 T- 50750 Bearish-Below 49500 Invalid-Above 49610 T- 48700 BANKNIFTY has closed with a slight cut of 0.15% cut today. Nothing was triggered as per trade setup, traded between 400 points range. Index is consolidating and premiums are getting to its normal value after event. It has formed a spinning top candle in daily TF which indicates indecision in market, direction missing market. If index breaks the plotted trendline and sustains above 50k then a short covering move is possible. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 50k then we will long for the target of 50750. For selling we need a 15 Min candle close below 49500. T- 48700. 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
Bank Nifty 12-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDL Sell - with rejection of PDL Major Support - Around 489## Major Resistance - Around 502## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
BankNifty Support & Resistance Levels for 11.06.2024BankNifty entered the supply/resistance zone (above 50,092) mentioned in the last post and, due to selling pressure at higher levels, made a day low of 49,622.75, down from the top of 50,252.95. The weekly trend (50 SMA) is positive, while the daily trend is sideways. Support Levels: Near Support Zone (15m): 48,801 - 49,055 (remains the same) Far Support Zone (75m): 47,386 - 48,245 Resistance Levels: Near Resistance/Supply Zone (15m): 50,018 - 50,100 Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20 (remains the same)
NSE:BANKNIFTY
by PriteshPal
#Banknifty directions and levels for June11th.Good morning, friends! 🌺🍬 Here are the directions for June 11th: There are no significant changes in the global market. It is still maintaining a moderately bullish sentiment based on the Dow Jones, while our local market also maintains a bullish trend. Today, the market may open with a neutral start, as indicated by GiftNifty, which shows an increase of 30 points. Nifty and BankNifty both have the same sentiment; both consolidated in the previous session. So, as usual, structurally it’s a bullish trend, but we should wait for the range breakout. If it breaks, we can expect the rally to continue. If you want precise directions, here is a step-by-step guide: > In the short term, the market is moving within a minor range. If the market opens neutrally, we can initially expect range continuation. That means if the market takes a pullback initially or if it takes support around the immediate support level, the market may bounce back a minimum of 78% in the minor swing. > The rally will continue only if it breaks the previous high. > The correction may be expected only if the market takes a sharp decline initially. If the decline sustains, we can expect the correction to continue with minor consolidations around 49,268 for BankNifty.
NSE:BANKNIFTY
by Manickamtraders