Bank Nifty: Thursday - 01/12/22Levels:
Support: 43000, 42775, 42500, 42350
Resistance: 43350, 43630, 44000
OI Data:
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Bank Nifty => Price: 43231
ATM: 43200 , ITM: 43100, 43000, 42900 , OTM: 43300, 43400, 43500
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Highest OI Call in Bank Nifty per OI data: 44000
Highest OI Put in Bank Nifty per IO data: 43000
Nearest Major Resistance in Bank Nifty per OI data: 43600
Nearest Major Support in Bank Nifty per IO data: 42800
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Trade setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 43400 | 43300 | 43500 | 43600
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SELL | < 42950 | 43050 | 42750 | 42600
+++++++++++++++++++++++++++++++++++++++++
Bankniftyexpirytradesetup
Banknifty tomorrow intraday levelsHi All,
Please find the related ideas below where it touched the 40400 but cannot sustain above.
Expiry day might fire either side. I have given the levels in the chart.
Always trade carefully with proper SL because it’s your hard earned money.
Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade
BankNifty Nifty-29/09/2022-LevelsPossibility 2 :
Hello Traders,
Welcome to SriTrader5121
BankNifty Nifty-29/09/2022-Levels
If market open as a GAP-UP and moves to UP-Side then BUY with the Support of 37950-38000 and SELL with the Rejection of 38000.
(or)
If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of 37676 and SELL with the Rejection of 37676.
_______________________
Happy Learning and Trading
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.
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SHORT FORM &FULL FORM
-------------------------------
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
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 )
Simple Trade Setup | BANKNIFTY | 25/08/2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 25-08-2022
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 levels.
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.
Simple Trade Setup | BANKNIFTY | 04-08-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 04-08-2022
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 levels.
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.