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BANKNIFTY Intraday Trade Setup For 29 May 2024BANKNIFTY Intraday Trade Setup For 29 May 2024 Bullish-Above 49350 Invalid-Below 49240 T- 49775 Bearish-Below 49040 Invalid-Above 49150 T- 48450 BANKNIFTY has closed on a bearish note with 0.28% cut today. Yesterday we discussed that chances of index being inside 49700 and 49000 is high, so has happened today. Now tomorrow chances of a trendy move tomorrow. Below 49000 index may slip towards 48450 zone. Above 49350 chances of a upmove is also there. Be ready for both side moves ahead of major event. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 49350 then we will long for the target of 49800. For selling we need a 15 Min candle close below 49040. T- 48450. 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
28 May 2024 - 48947 critical support just a swing awayIn the last session, we informed that a stance revision may be required if we fall below 48947. Luckily we did not fall below that level today - hence the bullish stance continues. Today we lost over 139pts ~ 0.28%, but the price action proved quite dangerous. The next 1 week to 10 days may be very critical for our stock markets as the election results are coming up. The first sector to get an impact will be banks, hence we might have to watch this space very closely. Ideally both Nifty and BankNifty should be facing the same direction, and if we get it right on the previous day of the election - an year's profit can be made in a week. Luckily, I do not play hero zero and would prefer to wait out during this period.
NSE:BANKNIFTYLong
by viswaram
Nifty & Bank Nifty Analysis For 29 May 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
NSE:NIFTYShort
by TheStockMantra
Banknifty prediction for tomorrow 29 Mar | Expiry SpecialAs we discussed, the Banknifty sideways or bearish structure market was bearish while having sideways volatility. If we look at the chart now: The market has broken the support level to the downside with a continuously increasing volume. If the market fails to take support at 50 EMA, it will fall rapidly to the 48631 level. RSI is also below 50 and about to cross 40, which will lead to a strong, bearish structure, and the market can correct itself to 200 EMA levels. If we look at the OI data: PCR = 0.80, which has fallen from 0.98. That indicates that there is good CE writing at higher levels, which can also be seen in the OI chart. 49000 is the max pain for Banknifty. Also, the next good PE writing is at 48500. there is not much CE writing on lower levels. I am expecting a bearish market with a good volatility market in upcoming sessions because VIX is 24.2. Reason: RSI < 50 falling from the upside shows a good reduction in the bull's strength. If it crosses 40 on the downside, the market will be strong and bearish. EMA(13) > Price > EMA(200), which indicates indecisive or rather sideways market. the market can correct itself till 200 EMA. The market has formed a lower high that indicates the market is bearish. PCR = 0.80 indicates mild bullish, but this has fallen from 0.98, which shows good CE writing on higher levels. price < VWAP shows that a weak market structure can lead to a bearish market. Verdict: Bearish Plan of action: Sell 49100 CE (Hedge it with 15/- PE premium) Note: you can target 200 EMA.
NSE:BANKNIFTYShort
by finnova_
#Banknifty Directions and levels for May 28th.Bank Nifty has the same sentiment. Structurally, it's a little correction followed by a long rally. So, if the market opens neutral or if the initial market takes a pullback, we can expect a range market within the previous day's range. After that, if it breaks either upside or downside, then we can follow that trend. Here also, my opinion is bullish. An alternate variation is similar to Nifty. If the market takes a correction initially, it could reach the Fibonacci level of 38%, which is also a strong support. After that correction, if it finds support there, we can expect a minimum pullback of 38% to 50%. Alternatively, if the correction occurs sharply and if it breaks or consolidates around the Fibonacci level of 38%, then the correction will likely continue.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 28 May 2024BANKNIFTY Intraday Trade Setup For 28 May 2024 Bullish-Above 49700 Invalid-Below 49590 T- 50200 Bearish-Below 49050 Invalid-Above 49160 T- 48450 BANKNIFTY has closed with 0.63% gain today. Buy triggered above 49060 and hit our target perfectly (49688). Price took resistance exactly at our target and in the last 45 Min fell with full force but it seems like DIIs came and supported the market and observed the selling. Chances of a range bound market looks high between 49700 and 49000 tomorrow. Breakout of this zone may trigger a directional move. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 49700 then we will long for the target of 50200. For selling we need a 15 Min candle close below 49050. T- 48450. 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 & Bank Nifty Analysis For 28 May 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
NSE:NIFTYShort
by TheStockMantra
Banknifty Prediction for tomorrow 28 MayAs we discussed, Banknifty's bullishness in past sessions has hit its target today. If we look at the chart now: The market has touched the target (49471), as we mentioned in the previous analysis. A huge fall was registered once the given target got hit. That means it's working as a good resistance zone for the upcoming session. Now, for the market to go further, it has to take some consolidation in the range (49168-49650), which is Fib level (0.38). If we look at the OI data: PCR = 0.98, which has fallen from 1.34. That indicates that it had a huge PE winding today, which can also be seen in the OI chart. There is a CE addition for 49500 and 50000, which is going to provide good resistance from now on. 49000 is good support at lower levels. I am expecting a sideways in the range (49168-49650) with a good volatility market in upcoming sessions because VIX is 23+. Reason: RSI ~ 60 falling from the upside shows a good reduction in the bull's strength. EMA(13) > Price > EMA(200), which indicates indecisive or rather sideways market.. The market is still making HH & HL, which shows bullishness, but a huge selling pressure from the upside shows lots of sellers' interest that might lead to a sideways market. PCR = 0.98 indicates bullishness, but this has fallen from 1.34, which shows lots of profit booking on the upside. price < VWAP shows that a weak market structure can lead to a bearish or sideways market. Verdict : Sideways or Bearish Plan of action: Sell 49600 CE and 49100 PE (Hedge it with 15/- premium) Note: Exit CE if it breaks 49700 to the upside & Exit PE if it breaks 49100 to the downside. But right now, there are more chances for the market to be sideways or bearish.
NSE:BANKNIFTY
by finnova_
#Banknifty directions and levels for May 27th.Bank Nifty also has the same sentiment, and HDFC Bank has a solid bullish candle. If the market continues this trend, we can expect the rally to continue, potentially reaching a minimum of 49196 to a maximum of 49335 (78%). Alternatively, if the initial market takes a correction, we could wait for an immediate support breakout. If it breaks, the minor demand zone will act as support. If the market finds support there, we can expect a bounce back
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 27 May 2024BANKNIFTY Intraday Trade Setup For 27 May 2024 Bullish-Above 49060 Invalid-Below 48950 T- 49635 Bearish-Below 48640 Invalid-Above 48750 T- 48200 BANKNIFTY has closed on a bullish note with 1.6% gain last week. Index looks ready for a fresh ATH. Index is still following the channel in daily TF, now the upper trendline of the channel has to be tested which will take index above 50k mark. If index sustains above today's high after 10 o'clock then once again there is a chance of trendy move on Monday. Below 48600 index may give a retracement of the 90 degree upmove from 47450. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 49060 then we will long for the target of 49650. For selling we need a 15 Min candle close below 48640. T- 48200. 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 Levels and Zones for coming weekNSE:BANKNIFTY 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between zones. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
Nifty & Bank Nifty Analysis For Next Week 27 May-31 May 2024In this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTYShort
by TheStockMantra
Banknifty prediction for Today 24 MayAs we discussed, Banknifty gave a very nice momentum with huge bullishness. If we look at the chart now: The market has broken the wedge pattern to the upside, and it is also continuously making HH and HL. The price is trading above EMAs, which shows strength in the price. Also, RSI > 60 shows huge bullishness in the market. If we look at the OI data: PCR = 1.20, which has risen from 0.73, shows huge PE writing on the Lower side, indicating a bullish structure in the market. The market does not have much CE writing on the higher side. That makes bulls more powerful. Lower levels have good support levels, as shown in the OI chart. I am expecting a sideways market to go bullish. It might take some sideways consolidation, but I am overall bullish on the market. Reason: RSI > 60 shows the market is having very good strength. Price > EMA(13,200), which indicates powerful bull market. The market has broken the pattern to the upside while making HH and HL. PCR = 1.20 shows a heavily bullish nature in the market. price > VWAP shows weak market structure. Verdict: Sideways or Bullish Plan of action: Sell 48600 PE and 49100 CE (Hedge it with 15/- premium) Note: Exit the opposite either side it breaks
NSE:BANKNIFTYLong
by finnova_
23 May 2024 - BankNifty stance is bullish now, but 48947 crucialBankNifty Analysis - Stance Bullish ⬆️ Yesterday we changed the stance from bullish to neutral as 48115 resistance was not breached, but that break came by 09.51 today. Hope you got my email when we revised the stance back to bullish via trading view. The intraday rally was a whopping 957pts ~ 2.00% and we took out 2 resistances today viz - 48115 and 48661. The next one is at 48947. On a higher time frame, BN will receive more momentum once this resistance is taken out. The reason was the rejection of this level on 10th April and that may have a bearing.
NSE:BANKNIFTYLong
by viswaram