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NiftyBank Weekly Trading Setup 28th Aug- 1st Sept 2023NiftyBank Weekly Trading Setup 28th Aug- 1st Sept 2023 Looking for profitable Options trading opportunities for the week of 28th Aug-1st Sept 2023 In this Blog, I'll be sharing the option buying and selling levels for Banknifty for the week 28h Aug to 1st Sept 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level. Disclaimer: I do not give any tips or buy sell recommendation I only teach trading strategies. These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view. Please consult your Financial Advisor before making any trading decision
NSE:BANKNIFTY
by sbkurandwad77
Banknifty Prediction Analysis Intraday Levels, 16 AugHello Traders, Following are my analysis: Resistance Level : 1. Strong Resistance Zone at 36200-300 and 36600-700 2. Strong Resistance at 36500 3. Good Resistance at 36000 4. Increasing Resistance above 36500 Support Level : 1. 35700800 is Good Support Zone . 2. 35700 is a small Support Level . 3. 35500 is Stronger Support Level . Sideways Possibility: 36100-300 This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
Banknifty Formed Double Top Pattern on ExpiryWhat Is a Double Top? A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. Or in simple words... A double top is a bearish technical reversal pattern It is confirmed once the asset's (Banknifty's) price falls below a support level equal to the low between the two prior highs... Here ... a support level equal to the low between the two prior highs .. is 35500 level.. as shown in Yellow Circle.
NSE:BANKNIFTY
by kiranrshinde
Banknifty Intraday Level 1 JulyHello Traders, Following are my analysis: Resistance Level : 1. Strong Resistance Zone exists at 35200-35300. 2. Strongest Resistance at 35000 . 3. Stronger Resistance at 35500. * Increasing resistance above 35000. Support Level : 1. 34500 is Strongest Support Level . 2. 34000 is a Strong Support. 3. 34600-700 is Good Support Zone . Sideways Possibility: More Sideways above 34500 to 34700 in first half, if market sustains below 34500 *Imp Note; If we see a sideways market in first half as mentioned above, then in second half more possibility of Upward movement from 34500 levels to trap Call writer ..which we call short covering. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTYShort
by kiranrshinde
5
How to take trade with Hanging Man CandleHello Everyone, I have tried my by best to explain, How to take trade based on Bearish CandelStick (Hanging Man) formation in Banknifty . If still you are not clear, put your queries into comment section or Correct e if i am wrong. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please hit the Follow button to get the regular analysis. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTYShort
by kiranrshinde
4
#BANKNIFTY - Complete 5 - 3 Elliot WaveWhat is Elliott Wave ? Elliott Wave theory is one of the most acknowledged and widely used forms of technical analysis. RN Elliott developed the theory after analyzing nearly 75 years of stock data, and Robert Prechter later popularized it. According to the Wave theory, the market trades in repetitive cycles, which Elliot primarily attributed to the emotions of investors (or the psychology of the masses at the time) as well as outside influences. Why it is appealing? The Elliot Wave theory proves that the upward and downward price swings caused by the collective psychology always reflect the same repetitive patterns. Elliot observed that all financial markets move in a zigzag formation, which he termed Wave cycles. With this theory, Elliot was able to analyze markets in greater depth by identifying the specific characteristics of wave patterns and was able to make detailed market predictions based on these patterns. This is what makes the Elliott Wave theory so appealing to traders as it provides them with a method to spot precise price points where the market is likely to reverse. In simpler words, Elliott came up with a system that enables traders to catch tops and bottoms. Basic Principals of the Theory The Elliott Wave theory states that the market is fractal in nature i.e. it forms the same patterns that are observed on larger degree charts on smaller timeframe as well, and that it can be used to predict future price movement. The theory states that it does not depend on the timeframe one analyzes as a similar price pattern is observed across all time frames. The theory claims that that market action among the participants produces wave patterns and trends, defined by Elliott as the physical sign of mass psychology. The complete cycle of the Elliot Wave development consists of eight waves that make up two phases: An impulse wave sub-divided into five waves and, A corrective wave sub-divided into three waves Price movement According to the theory, price movement in the direction of the main trend is defined as the impulse or motive phase, which unfolds in five waves. Three of those waves (1, 3, and 5) move in the direction of the underlying trend, while the two intervening waves (2 and 4) act as counter-trends or minor retracements within the phase. Wave 5’s up move is followed by a correction 3, which traders usually label as A, B, and C. The 5-3 wave pattern can be seen across all timeframes. The corrective phase consists of two waves (A and C) that move in the opposite direction of the motive phase, and an intervening retracement wave (B) that moves in the same direction of the motive phase. The 5-3 wave pattern establishes a complete Elliot wave cycle. The theory tends to get more complicated as more degrees of waves get added. The key to using the Elliot wave successfully lies in counting the waves correctly and identifying the wave in which the market is currently trading in. Rules of Elliot Wave Theory There are three main rules to the Elliot Wave theory that analysts must know. These rules apply only to the impulse phase First rule: Wave 2 cannot retrace more than 100% of Wave 1 i.e Low of wave 2 must not touch or break wave 1's Low. Second rule: Wave 3 cannot be the shortest among waves 1, 3, and 5 Third rule: Waves 1 and Wave 4 must not overlap i.e Wave 4's bottom must not break the high of wave 1. Guidelines There are numerous guidelines to this theory, but we will take a look at the most prominent ones. Unlike the three cardinal rules, these guidelines can be broken. They are: Guideline 1: When Wave 3 is the longest impulse wave, Wave 5 will approximately equal Wave 1 as shown in the figure above by highlighting about 8000pts. Guideline 2: The forms for Wave 2 and Wave 4 will alternate. If Wave 2 is a sharp correction, then Wave 4 will be a flat correction . If Wave 2 is flat, then Wave 4 will be sharp . Guideline 3: Sometimes, Wave 5 does not move beyond the end of Wave 3. This is known as truncation. Guideline 4: After a 5-wave impulse advance, corrections (a-b-c) usually end in the area of prior Wave 4 low i.e may be near 30000 Guideline 5: Wave 3 tends to be very long, sharp , and extended. Guideline 6: Waves 2 and 4 frequently bounce off Fibonacci retracement levels.
NSE:BANKNIFTY
by kiranrshinde
21
BanNifty Analysis Intraday Levels 4 JuneHello Traders, Hope you all are fit and fine ... Stay Safe and Trade safe...! As predicted yesterday, BnkNifty Opened Gap Down ... Today...😎 Resistance Level : 1. Strongest Resistance exists at 35700. 2. Next Strong Resistance at 35800. 3. Stronger Resistance at 36000. 4. Good Resistance has been developing at levels from 35700 to 35800. Support Level : 1. 35600 has become Strong Support Level . 2. Strong Support at 35500 Level. 3. Good Support Zone from 35300 and 35400. SideWays Possibility : More Chances of Sideways market between the Range 35500 to 35800 / No Trade Zone TrendLine : Buy above Green Trend Line and above 35800 levels This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please hit the Follow button to get the regular analysis. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
1
BANKNIFTY CHART ANALYSED ( expiry special ) Do not short unless it breaks 35000 mark which is both a psychological anda logical level! As you can see in the last hour it did broke above as you can see the trendline break and also a consolidation breakout that means bear are very active at current levels which could also lead to possible gap up opening tomorrow ✅ No bears would be invited unless it breaches 35000 mark and If it breaches that 35000 mark we can see some Sharp selling So key SUPPORT to look at is 35000 level R1 being 35560-35600 Must watchout these levels before making any new position☑️
NSE:BANKNIFTY
by Wealthcam
BankNifty Expiry Special Day View Hello Traders, Hope you all are fit and fine ... Stay Safe and Trade safe...! As predicted yesterday, BnkNifty Opened Gap Down ... Today...😎 Resistance Level : 1. Strongest Resistance exists at 35500. 2. Next Strong Resistance at 35800. 3. Stronger Resistance at 36000. 4. Good Resistance has developing at levels from 35500 to 35800. Support Level : 1. 35000 has become Strong Support Level . 2. Good Support Below is 34500 Level. 3. Good Support Zone between 35100 and 35300. SideWays Possibility : More Chances of Sideways market at for the first half, Between the Range 35500 to 35000. Imp Note : Formation of Hammer Candel .. at support of 35250 .. what does it mean ... go and check video on my channel ... late in the evening. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please hit the Follow button to get the regular analysis. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
BankNifty Analysis 2nd June 2021Hello Everyone, Hope you all are fit and fine ... Stay Safe and Trade safe...! As predicted yesterday, BnkNifty Opened Gap Up Today. BankNifty can Open Gap Down .... Tomorrow ...! Resistance Level : 1. Strong Resistance exists at 35500. 2. Next Good Resistance at 35800. 3. Strong Resistance at 36000. 4. Good Resistance is developing at levels from 35500 to 35800. Support Level : 1. 35000 has become Strong Support Level . 2. Good Support Below is 34500 Level. 3. Good Support Zone between 35100 and 35250. Trend Lines : 1. Orange Line : BnkNifty is now trading below Big Orange Line ..what does that indicate ..Support is broken and ..now it will/can act as a Resistance. 2. Red Line : BnkNifty is also facing a new Resistance as indicated by New Red Trend Line. SideWays Possibility : More Chances of DownSide Sideways market Between the Range 35400 to 35000. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please hit the Follow button to get the regular analysis. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTYShort
by kiranrshinde
6
BankNifty Analysis 1 June 2021Hello Everyone, Hope you all are fit and fine ... Stay Safe and Trade safe...! BankNifty can Open Gap Up .... Tomorrow ...! Resistance Level : 1. Strong Resistance exists at 36000. 3. Nest Good Resistance at 36500. Support Level : 1. 35000 has become Strong Support Level . 2. Next Support Below is 34500 Level. *We Can see the 35500 is acting as a Good Support. Important Note : 1. Today, what we see is a Large BULLISH Engulfing Candel ..what does it suggest ... Up Trend or Bullish Movement. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please hit the Follow button to get the regular analysis. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTYLong
by kiranrshinde
8
BankNifty Analysis 31/5/2021Hello Everyone, Hope you all are fit and fine ... Stay Safe and Trade safe...! As predicted in my previous analysis about the Possible No Trade Zone ... between 35100 to 35300, most time of the day BnkNifty continued to trade in those levels. BankNifty can Open Flat/Neutral .... Tomorrow ...! Resistance Level : 1. Good resistance exists between 35100 to 35250. 2. Strong Resistance at 35500. Support Level : 1. 35000 is Good Support level 2. 34400 is next Support Level . Important Note : Take a look at Red Circle Highlighted ... what it point outs? What happens when a major Resistance is broken ...? Next it act as a Support ...! ...e.g 35000 Keep in mind we still have a Small Resistance Zone between 35100 to 35250 .. So don't jump into the trade as market opens ... This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand for Retail Trader who are new to Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please hit the Follow button to get the regular analysis. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
6
BankNifty Analysis 28/5/2021 IntraDay LevelsHello Traders, I Hope you are liking my analysis and enjoying the trading. I am concern about one thing is that: 1. From the stat of the posts that i have posted, lets consider today's Expiry Special i see that 1020 views for the post, how many likes only 23 and Commnets only 9 that too 4 are mine... BankNifty 24/05/2021 Intraday Levels Post has 2745 views, Likes 30 and comments 30 ..of which 10 would be mine reply to your queries or commnets. 2. Common guys ... hit the Like button ONLY if you like my post .. it's Free right , Put your thoughts/feedback/questions..anything whether good or bad ... it's Free too .. Please try to understand my thought process... We Can help Each Other .. retailers ... and prevent from Loss. One thing for Sure ... free things do not have value ... I am getting personal, public messages regarding any Paid service on that i have on Telegram, WhatsUp etc. I don't have any and I am here to share my knowledge whatever i have for Free, then why don't you support me by hitting the Like button, Following and Sharing with your friends... Also, other thing is that your comments on my post are benefiting other traders as well ... one of my Follower named " Akbhagyalatha " post on Banknifty 25/5/2021 Intraday Levels post regarding his loss and i gave a reply to him. The next day other follower message me in private that he ad made a loss of 50+K, and as suggested to " Akbhagyalatha ", he took a pause from trading. Started with Basic what i had mentioned over there and feeling confident now ... i feel very proud of these 2 followers , one for posting in Public and accepting his mistake and learning and the 2nd follower for Learnig from others mistake ..very good guys... i will be always there for such people. OK .. enough said ..its upto you guys ..if you want to join me in helping other you will others ... world will continue to go on ..as it does daily. Here are the Intra day Analysis...enjoy What an Expiry ..it was ..! Bulls overiding Bears after 4 days ... and finally broke the Strongest Resistance at 35000. What's next now ..? I see a Big Rally Comming Soon of which the first Target would be 35500 , 36000... BankNifty can Open Gap Up/Neutral .... Tomorrow ...! Resistance Level : 1. Major resistance of 35000 is broken and Price is sustained above 35000 close to 35100 . 2. Good resistance exists at 35100 to 35250. 3. Strong Resistance at 35500. Support Level : 1. 34800 is New Strong Support level . Below it we have 34700. 2. 34500 has become Strongest Support Level . Sideways Possibility : Moderate chances of Upward sideways market between 35100 to 35300. Trend Lines : - BnkNifty is still trading between 2 Main Trend Lines Red and Green forming a parallel channel pattern. - We can see Head & Shoulder pattern formed, and yesterday itself had given a breakdown and was sustaining below the Violet horizontal trend line as shown in Expiry Special post. - After this breakdown, the big Green Support line played an important Role, BnkNifty bounced back from that line and at level 34550. - The Horizontal Violet Line was now acting as Resistance, when it was broken ... it started acting as a Support Line (Keep this in Mind ..will Come Back to this Point), and you can see this at 2.30pm in the chart of 15 min. - Now, BnkNifty has broken the Strongest Resistance of the Week at 35000, and has closed above the Blue Trend Line as well .. with large wick at the top stating the pressure at levels from 35100 to 35250.. Why i have summarised this .. Please try to understand ... Coming back to Support and Resistance point left above .. 1.BnkNifty has broken the Strongest Resistance of the Week at 35000, now this Resistance will Act as a New Support as we saw Above. So wait for a while to see a pullback at these levels and then go for Buying as indicated by arrows. 2. Understand and learn the importance of Support and Resistance lines. Important Note: Need large volume to break 35000 as indicated by larger Green Arrow. As the Resistance is building strong at 35000 level it seems that at least for first half market would be in down and sideways. *Imp Note : Support and Resistance Marked keeps on changing as the day progresses and new trader joining. Strong Support and Resistance will act atleast for first half and may be broken with large volume . This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please hit the Follow button to get the regular analysis. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTYLong
by kiranrshinde
47
BankNifty Analysis 28/5/2021 Hello Everyone, Hope you all are fit and fine ... Stay Safe and Trade safe...! What an Expiry ..! Bulls overiding Bears after 4 days ... and finally broke the Strongest Resistance at 35000. What's next now ..? I see a Big Rally Comming Soon of which the first Target would be 35500 , 36000. BankNifty can Open Gap Up .... Tomorrow ...! Resistance Level : 1. Major resistance of 35000 is broken and Price is sustained above 35000 close to 35100 . 2. Good resistance exists at 35100 to 35250. 3. Strong Resistance at 35500. Support Level : 1. 34800 is New Strong Support level. Below it we have 34700. 2. 34500 has become Strongest Support Level . Important Note : 1. The most imp part on 24th, at the end of the day we saw a Doji Candel .. What does it means ? ... A Trend Change ... 2. On 25th the Up trend was haulted with Bearish Engulfing Candel .. What does that mean now ? ... A DownFall ..as we already saw. 3. Again on 26th we had a Doji candel .. What does it means ? ... A Trend Change ... But was expecting a down trend to continue as the 35000 Resistance was huge one. And it was not easy to break down in one shot, as we saw today. 4. Today, what we see is a Large BULLISH Engulfing Candel ..what does it suggest ... Up Trend or Bullish Movement. * Very imp point : What happens when a major Resistance is broken ...? Next it act as a Support ...! Keep in mind we still have a Small Resistance Zone between 35100 to 35250 .. So don't jump into the trade as market opens ... Let is take the Support of 35000 ... If market Opens With a Gap Up of 200-300 pts then a Good Rally can be seen heading to 36000. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please hit the Follow button to get the regular analysis. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTYLong
by kiranrshinde
14
BankNifty Expiry Special 27/5/2021Hello Everyone, Hope you all are fit and fine ... Stay Safe and Trade safe...! As predicted in previous analysis, BnkNifty Open Up with small gap and was in Sideways rest of the day. Resistance Level : 1. 35000 is immediate Strongest Resistance level . 3. Good resistance exists at 35500 and Strong Resistance is developing from 35000 to 35500. Support Level : 1. 34500 is Strong Support level . 2. 34000 is next Good Support Level . Sideways Possibility : 80% chances of sideways market, between 34500 and 35000 . Trend Line : Voilet Line - Blue Line : Sell Below Voilet Trend Line and Blue Trend Line, till Big Green Support Line . Green Line : 1. Sell Below Big Green Support Line at 34500 if broken by large volume and price sustains below it for atleast 5 min. 2. Buy Above Big Green Support Line at 34500 when you see a revarsal, as you saw in the morning * Voilet Line a New Resistance forming in next half of the Day will play an important role tomorrow, trade safe near it. Important Note: Need large volume to break 35000. As the Resistance is building strong at 35000 level it seems that at least for first half market would be in down and sideways. *Imp Note : Support and Resistance Marked keeps on changing as the day progresses and new trader joining. Strong Support and Resistance will act atleast for first half and may be broken with large volume . Try to Sell Options, time decay benift you will get. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to all retail traders to learn Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please hit the Follow button to get the regular analysis. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
9
BankNifty Analysis 26/5/2021 Intraday LevelsHello Everyone, Hope you all are fit and fine ... Stay Safe and Trade safe...! As predicted in previous analysis, BnkNifty was in Down Trend and Sideways . BankNifty to Open Neutral/Small Gap Up .... Tomorrow ...! Resistance Level : 1. 35000 is immediate Strongest Resistance level . 3. Good resistance exists at 35500 and Strong Resistance is developing from 35000 to 35500. Support Level : 1. 34500 is Strong Support level . 2. 34000 is next Good Support Level . Sideways Possibility : 50 -50 chances of Downward sideways market, close to 34500 . Trend Line : Voilet Line : Sell Below Voilet Trend Line till Big Green Support Line . Green Line : 1. Sell Below Big Green Support Line at 34500 if broken by large volume and price sustains below it for atleast 5 min. 2. Buy Above Big Green Support Line at 34500 when you see a revarsal. * Voilet Line a New Resistance forming in next half of the Day will play an important role tomorrow, trade safe near it. Important Note: Need large volume to break 35000 as indicated by larger Green Arrow. As the Resistance is building strong at 35000 level it seems that at least for first half market would be in down and sideways. *Imp Note : Support and Resistance Marked keeps on changing as the day progresses and new trader joining. Strong Support and Resistance will act atleast for first half and may be broken with large volume. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please hit the Follow button to get the regular analysis. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTYShort
by kiranrshinde
3
BankNifty Analysis 26/5/2021 Day ViewHello Everyone, Hope you all are fit and fine ... Stay Safe and Trade safe...! As predicted in previous analysis, BnkNifty was in Down Trend and Sideways . BankNifty to Open Neutral/Small Gap Up .... Tomorrow ...! Resistance Level : 1. 35000 is immediate Strongest Resistance level . 3. Good resistance exists at 35500 and Strong Resistance is developing from 35000 to 35500. Support Level : 1. 34500 is Strong Support level. 2. 34000 is next Good Support Level . Important Note : 1. You saw a good Upward Rally from 32400 to 34500, as shown by Black Arrow. 2. The most imp part on 24th, at the end of the day we saw a Doji Candel .. What does it means ? ... A Trend Change ... 3. Today we saw a downfall as predicted yesterday, with Bearish Engulfing Candel .. What does that mean now ? ... A DownFall ..as we already saw. One suggestion, don't just jump into the trading immediately as soon as the market Opens, Wait for atleast 5-15 min. I hope you all like my analysis. Please do share your thoughts into comment section. Please hit the Follow button to get the regular analysis. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
8