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Bankniftyanalysis

Bank Nifty - 02/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 Bank Nifty - 02/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 48234 - 48250 Possibilities of Today market open... Support - Resistance - Support-1: 48044 Resistance-1: 48134 Support-2: 47944 Resistance-2: 48235 Support-3: 47877 Resistance-3: 48297 Support-4: 47767 Resistance-4: 48297 Big-Support: 47500 Big- Resistance: 48448 _______________________________________________ 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 directions and levels for January 1st.Here are the directions for January 1st: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to gap-down start, as indicated by Giftnifty showing -40. Structurally, both Nifty and BankNifty indicate a range market, so we can expect significant movement after the immediate levels are broken. On the other hand, if they reject around the immediate level, then the range is likely to continue."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY MATHEMATICAL LEVELS FOR CURRENT 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
BANKNIFTY Intraday Trade Setup For 01 Jan 2023BANKNIFTY Intraday Trade Setup For 01 Jan 2023 Bullish-Above 48390 Invalid-Below 48280 T- 48785 49185 Bearish-Below 48090 Invalid-Above 48200 T- 47710 47315 BANKNIFTY has closed on a bold bullish note last month with 8.57% gain. Its a very strong closing in weekly TF too. It has given a pullback move in the last 2 sessions. Breakout of this channel pattern will initiate an impulse. It has to sustain above 48400. However momentum will come above Friday's high. Expected move can be 500 points. 48090 is equally important for downside. 49185-200 and 47315 are important resistance and support zone. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 48390 then we will long for the target of 48785 and 49185. For selling we need a 15 min candle close below 48090. T- 47710 and 47315. 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. Happy New Year In Advance
NSE:BANKNIFTY
by Omahto
Banknifty - Intraday levels & Prediction for 02nd Jan 2024Happy New Year 2024 to everyone.. New beginnings are just around the corner. Banknifty Prediction for Tomorrow BEARISH Reversal from trend line resistance 48530, any breakout of trend line and resistance zone of 48610-48640 levels we can expect BULLISH Rally. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:BANKNIFTYShort
by ViVenTraders
BankNifty Intraday Trade Setup | 29th DecToday BankNifty opened with a gap-up and after consolidating near our buy level 48400 it went up towards 48630 and 1st and 2nd Targets were done on buy side. For tomorrow, if BankNifty sustains above 48650, we expect to see further up move towards 48770 and upper marked levels. On the other side, if BankNifty breaks 48400 on the downside, we may see 48280 and below marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 48650 Sell Below - 48400 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BANKNIFTY Intraday Trade Setup For 29 Dec 2023BANKNIFTY Intraday Trade Setup For 29 Dec 2023 Bullish-Above 48650 Invalid-Below 48540 T- 49025 49440 Bearish-Below 48340 Invalid-Above 48450 T- 47952 47575 BANKNIFTY has closed on a bullish note with 0.47% gain today. It opened above our buy level with a gap up. 10 O'clock range was to be used as per trade setup. But nothing triggered as per that, whole day it traded between 10 o'clock range. Momentum dropped drastically due to VIX cool off. It has formed a Spinning top candle in daily TF which is halt sign. Below today's low it can be a reversal sign in very short or in intraday. Tomorrow we will trade on today's range breakout . 48650 and 48340 are important levels for next session. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 48650 then we will long for the target of For selling we need a 15 Min candle close below 48340. T- 47950 and 47575. 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
FASP levels for Bank Nifty 29/12/2023The FASP for BankNifty is listed for 29-12-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
BankNifty Intraday Trade Setup | 28th DecToday BankNifty opened with a gap-up around 47850 and we saw a breakout above 48000 in the morning session which took BankNifty towards 48250 zones but profit booking was seen from the upper levels. BankNifty again took support near 47900 odd levels and gave rally towards 48350 by breaking a previous high. For tomorrow, if BankNifty sustains above 48400, we expect to see further up move towards 48520 and upper marked levels. On the other side, if BankNifty breaks 48070 on the downside, we may see 47960 and below marked levels. Expectations: Volatile Day Intraday Levels: Buy Above - 48400 Sell Below - 48070 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
6
#Banknifty directions and levels for DEC 28th"Good morning, friends. Here are the directions for December 28th: The global market sentiment is bullish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a gap-up start, as indicated by Giftnifty showing +80. >The markets are closed at an all-time high. The trend also clearly indicates a bullish tendency, so if the gap-up sustains, we can expect a rally continuation with minor consolidation. The wave structure also indicates a clear bullish trend (minor 3rd wave). >We can expect a correction only if it breaks the Fibonacci level of 38% with the initial market decline. Otherwise, the declines might find support (Fib level 38%) and create a range market for rally continuation."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 29 Dec 2023BANKNIFTY Intraday Trade Setup For 29 Dec 2023 Bullish-Above 48350 Invalid-Below 48240 T- 48730 49150 Bearish-Below 47880 Invalid-Above 47990 T- 47570 47207 BANKNIFTY has closed on a positive note with 1.17% gain today. Buy triggered as per trade setup above 47840 and hit our 1st target very smoothly (47840-48347). Tomorrow we can expect bullish continuation as it has closed at ATH. Above 48350 it can test 48750 zone and wild case 49150. Tomorrow it is the last expiry of the year, so may result in some volatility so be very strict with TSLs. 47880 is the level for a downside trigger. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 48350 then we will long for the target of 48730 and 49150. For selling we need a 15 Min candle close below 47880. T- 47570 and 47200. 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 For 27 Dec 2023BANKNIFTY Intraday Trade Setup For 27 Dec 2023 Bullish-Above 47840 Invalid-Below 47730 T- 48220 48632 Bearish-Below 47400 Invalid-Above 47510 T- 47029 46685 BANKNIFTY has closed on a bullish note with 0.49% gain today. Buy triggered as per trade setup which ended with no profit no loss as EOD it near cost. After taking support from previous day low it was completely sideways for the rest of the day. In the weekend analysis we had already discussed that index is contracting in hourly TF so momentum will come after its breakout. Tomorrow 47840 and 47400 are important levels to plan trades. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47840 then we will long for the target of 48220 and 48632. For selling we need a 15 Min candle close below 47400. T- 47029 and 46685. 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