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BANKNIFTY Intraday Trade Setup For 09 Feb 2024BANKNIFTY Intraday Trade Setup For 09 Feb 2024 Sell_1- From 45650 Invalid-Above 45760 T- 45220 44900 Sell_2- Below 44890 Invalid-Above 45000 T- 44400 43915 BANKNIFTY has closed on a complete bearish note with 1.76% cut today. Since last 3 days BANKNIFTY was complete sideways between 46100 and 45500. Today range broke downside and a gave a good trendy move. Sell triggered as per trade setup below 45520 and hot 1st target 44900. Tomorrow there are two places to short one on pullback and one on continuation. Possibility of a bullish above 45650 looks less. Best trade will be on flat opening below 44890. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44890 then we will short for the target of 44400 and 43915. In case it tests 45650 via a gap up move move then we will short from there. T- 45220 and 44900. 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
Bearish Triumph on Thursday: Bulls on Edge as Markets Grapple foThe trading session on Thursday, particularly the Nifty expiry day, unfolded with a distinct dominance of the bears. The day began with both BankNifty and Nifty exhibiting a significant gap-up, rising by almost 40 points. The indices reached notable levels of 46475 and 22087 for BankNifty and Nifty, respectively, establishing a formidable resistance for the day ahead. The bears took charge during the first half of the trading day, engaging in a fierce battle with the bulls. Despite the bulls' attempts to regain control, BankNifty moved sideways, and eventually, the bears emerged victorious, steering the market in their favor. BankNifty found support at 45053, closing the day at 45279. Similarly, Nifty experienced a support level at 21768 and concluded the session at 21827. In summary, it was undeniably a day dominated by the bears, instilling a sense of fear among the bulls. The crucial question now revolves around the upcoming Friday session – will the bulls stage a comeback and reclaim control, or will the bears continue their momentum and extend their influence over the market? The uncertainty leaves traders and investors eagerly awaiting the next market moves, as the battle between bulls and bears unfolds in the dynamic landscape of the financial markets.
NSE:BANKNIFTY1!
by financebysujit
Banknifty weekly expiry analysis for 07/02/24.Banknifty is consolidating in a range for last two trading session and chances are of a trending market on the expiry. Vix is trading around 15, if it increases there will be another sideways market, else there can be a trend market if the Vix cools off. Still, it is taking rejection from the 20 ema on the hourly charts, even the closing is below it. In case of a gap down opening, bearish trend can be capture upto the support zone. If there is a gap up opening, there will be confusion in the market and the expiry may remain silent. Major bearish targets :- 45300, 4500 Enter the bearish move only when the market sustains below 45560 and shows some negative price action. It has been respecting a trend line and taking rejection from it. Bullish entries should be avoided until markets start trading above 46500 level. Resistance :- 46040, 46550 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 08 Feb 2024BANKNIFTY Intraday Trade Setup For 08 Feb 2024 Bullish-Above 46070 Invalid-Below 45960 T- 46710 47420 Bearish-Below 45520 Invalid-Above 45630 T- 44915 44350 BANKNIFTY has closed on a with a slight gain of 0.28% gain today. It was another complete sideways day making it 3rd consecutive complete non-directional day with absolutely dead momentum in intraday. Nothing triggered as per trade setup today. The possible reason of momentum being contracted seems to be historic after as it generally happens in the form of IV crash/ VIX crash after a big event. Tomorrow is RBI policy so it hopefully it triggers a directional move. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46070 then we will long for the target of 46710 and 47420. For selling we need a 15 Min candle close below 45520. T- 44915 and 44350. 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 MATHEMATICAL LEVELS FOR THIS EXPIRYThese 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
Nifty & Bank Nifty Analysis For 08 Feb 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. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTY
by TheStockMantra
BANKNIFTY Intraday Trade Setup For 07 Feb 2024BANKNIFTY Intraday Trade Setup For 07 Feb 2024 Bullish-Above 46050 Invalid-Below 45940 T- 46710 47420 Bearish-Below 45520 Invalid-Above 45630 T- 44915 44350 BANKNIFTY has closed on a slight bearish note with 0.29% cut today. Sell level as per trade setup was tested multiple times but could not sustain below 45600. Index has contracted very tightly since last 2 days. It was another rangebound day. Tomorrow is expiry and after some consolidation till 12 PM between 46050 and 45500 if range breaks then we can expect some good trendy move with momentum. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 46050 then we will long for the target of 46710 and 47420. For selling we need a 15 Min candle close below 45520. T- 44915 and 44350. 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 - 07/02/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 07/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45820 – 45835 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45600 Resistance-1: 45830 Support-2: 45530 Resistance-2: 45930 Support-3: 45420 Resistance-3: 46000 Support-4: 45330 Resistance-4: 46130 ____________________________________________ Happy Learning and Trading – TST5121 Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM 0.5 -> 0.5% Swing PDH -> Previous Day High PDL -> Previous Day Low PDC -> Previous Day Close PDO -> Previous Day Open PWH -> Previous Week High PWO -> Previous Week Open PWC -> Previous Week Close PWL -> Previous Week Low D_S -> Day Support D_R -> Day Resistance W_S -> Week Support W_R -> Week Resistance W_O -> Week Open W_C -> Week Close LW_O -> Last Week Open LW_C -> Last Week Close IMP -> Important R@1, R@2, R@3... -> Resistance-Zones S@1, S@2, S@3... -> Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)
NSE:BANKNIFTY
by SriTrader5121
Nifty & Bank Nifty Analysis For 07 Feb 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. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:NIFTYLong
by TheStockMantra
#Banknifty directions and levels for February 6th. #Banknifty Banknifty also has a sharp correction structure. If the market takes a pullback, we can expect rally continuation when it breaks the immediate resistance (46103 to 46140). However, if it doesn't break that level, then the correction might continue. Alternatively, if the market opens with a gap-down, then we can expect a minor correction initially. If it rejects around 45509 or 61%, then we can expect a minimum of 23 to 38% pullback. On the other hand, if it consolidates or breaks around there, then the correction will likely continue.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 06 Feb 2024BANKNIFTY Intraday Trade Setup For 06 Feb 2024 Bullish-Above 46050 Invalid-Below 45940 T- 46710 Bearish-Below 45600 Invalid-Above 45710 T- 44915 44350 BANKNIFTY has closed on a bearish note with 0.32% cut today. It was complete sideways the whole day, traded 400 points tight range. Tomorrow we can expect directional move on today's range breakout. Both side move will be trendy and with momentum hopefully. 46050 and 45600 are important levels for tomorrow's session. High probability trade will be in downside. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46050 then we will long for the target of 46710. For selling we need a 15 Min candle close below 45600. T- 44915 and 44350. 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 - 06/02/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 06/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45855 – 45835 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45730 Resistance-1: 45855 Support-2: 45610 Resistance-2: 45930 Support-3: 45480 Resistance-3: 46050 Support-4: 45360 Resistance-4: 46130 ____________________________________________ Happy Learning and Trading – TST5121 Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM 0.5 -> 0.5% Swing PDH -> Previous Day High PDL -> Previous Day Low PDC -> Previous Day Close PDO -> Previous Day Open PWH -> Previous Week High PWO -> Previous Week Open PWC -> Previous Week Close PWL -> Previous Week Low D_S -> Day Support D_R -> Day Resistance W_S -> Week Support W_R -> Week Resistance W_O -> Week Open W_C -> Week Close LW_O -> Last Week Open LW_C -> Last Week Close IMP -> Important R@1, R@2, R@3... -> Resistance-Zones S@1, S@2, S@3... -> Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)
NSE:BANKNIFTY
by SriTrader5121
Banknifty weekly analysis for 05/02/24.Banknifty has given a nice move after the budget day and closed 200 point lower on daily close and 1000 points lower from the day's high. The weekly chart is showing a rejection from golden fib ratio of 61.8% around 47k zone. Though, it has closed above the 20 WEMA buy still it is trading below 20 DEMA. The market has given much move in the last week but volatility was high which helped option seller to create position while taking a hunt on option buyers. Major support levels :- 45860-900, 45300, 44550 Currently, nifty tested it high but banknifty is still lagging in testing the high by 1800 points. If the market remain positive and give some bullish momentum there are chance for the index to retest the high. It will face resistances while testing the higher highs around round number figure and resistance zone. Resistance zone :- 46550, 47000 No trading zone is marked and there is possibility of market easing of with the volatility to create a trend or sideways movement. Wait for the market to decide whether it sideways or trending. Must watch for the price action formation near the zone and trade accordingly.
NSE:BANKNIFTY
by Mambotrade
Banknifty Prediction for tomorrow 6th Feb 24As we discussed yesterday, the market went sideways, and after 2 PM, bearish momentum started. If we look at the chart data: Prices have broken to the downside and have consolidated nicely today. It might touch the target marked on the chart. It has also broken 200 EMA to the downside. EMA has given an EMACrossover(13, 200), which shows the market has turned bearish. If we look at the OI data: PCR = 0.64 shows the market has a bearish sentiment. 45800 is MAXPain; also, 46000 has huge CE writing, which will provide a nice resistance to the upside. I am expecting the market to fall more till the target is marked in the chart. Reasons The market has already given a breakout to the downside. (Bearish) Price < EMAs shows a bearish market structure. (Bearish) RSI < 40, which shows bulls are weak right now. (Bearish) Price < VWAP shows a bearish sentiment in the market. (Bearish) OI data shows PCR = 0.64, which shows the market is having bearish structure. (Bearish) Verdict: Bearish Plan of action: Sell 45700 CE (hedge it with 30rs CE).
NSE:BANKNIFTYShort
by finnova_
Bank Nifty - 05/02/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 05/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 46160 – 46210 Important Support and Resistance for the Day... Support - Resistance - Support-1: 46160 Resistance-1: 45900 Support-2: 46310 Resistance-2: 45670 Support-3: 46500 Resistance-3: 45480 Support-4: 46890 Resistance-4: 45190 ____________________________________________ Happy Learning and Trading – TST5121 Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM 0.5 -> 0.5% Swing PDH -> Previous Day High PDL -> Previous Day Low PDC -> Previous Day Close PDO -> Previous Day Open PWH -> Previous Week High PWO -> Previous Week Open PWC -> Previous Week Close PWL -> Previous Week Low D_S -> Day Support D_R -> Day Resistance W_S -> Week Support W_R -> Week Resistance W_O -> Week Open W_C -> Week Close LW_O -> Last Week Open LW_C -> Last Week Close IMP -> Important R@1, R@2, R@3... -> Resistance-Zones S@1, S@2, S@3... -> Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY Intraday Trade Setup For 05 Feb 2024BANKNIFTY Intraday Trade Setup For 05 Feb 2024 Sell_1- From 46550 Invalid-Above 46660 T- 46225 46000 Bearish-Below 45900 Invalid-Above 46010 T- 45360 44850 BANKNIFTY has closed on a bullish note last week with 2.46% gain. While it closed on a bearish note last day as 46600 is a resistance in daily TF. Breakout of the resistance will be said when a daily candle closes above 46600. Since it created a bearish sentiment last day it can be sell on rise opportunity in case it tests 46550 via gap up. 45300 will be an important intraday support zone as per 0.618 retracement in hourly TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle below 45900 then we will short for the target 45285-45300. In case it opens gap up then we will short from 46550. T- 46225 and 46000. 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 Intraday Trade Setup | 5th FebToday BankNifty opened with a gap-up around 46600 and after making a high around 46900, it gave a 1000 points fall from higher levels towards 45900 and closed at 45970. For Monday, BankNifty has to sustain above 46250 for further upside which can take BankNifty towards 46380 and upper marked levels. On the other side, if BankNifty breaks 45890 on downside, we expect to see 45780 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 46250 Sell Below - 45890 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
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