Bankniftyintraday
Banknifty-12/04/2023-LevelsHello Traders, Welcome to SriTrader5121
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BankNifty-12/04/2023-Levels
IMPORTENT ZONE FOR THE DAY : 41230 - 41244
Possibilities of Today market open...
Possibility 1: FLAT
If market open as a GAP-UP and moves to UP-Side then BUY with the Support of PDH and SELL with the Rejection of PDH.
(or)
If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of S and SELL with the Rejection of S.
Possibility : GAP-UP
If market open as a FLAT and moves to UP - SIDE then BUY with the Support of Red-Zone and SELL with the Rejection of Red-Zone.
(or)
If market open as a FLAT and moves to DOWN-Side then BUY with the Support of PDH and SELL with the Rejection of PDH.
Possibility 3: GAP-DOWN
If market open as a GAP - DOWN and moves to UP-Side then BUY with the Support of S and SELL with the Rejection of S.
(or)
If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP.
_______________________
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.
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 )
Banknifty daily analysis for 12/04/23.Banknifty has given a nice up move even after the gap up opening and has closed above the trendline. The market has given a break out and the index has closed 500+ points forming a dragon fly doji.
The market has consolidated and moved nicely in the second half of the trading session.
On the hourly time frame, the first candle showed some positivity and after it the market has slow and steady move to higher levels.
The market has created a gap and in the coming days there is a possibility of filling the gap.
Support :- 41235, 41000
Resistance :- 41400, 41630, 41950
The market after the gap up opening has given break out of the consolidation zone.
Wait for the price action near the levels before entering the market.
#Banknifty"Trading day, April 11th: The global market indicates a neutral to slightly positive start, with the market nature being moderately bullish. If the initial market breaks yesterday's high, we can expect a rally continuation. On the other hand, if the initial market declines sharply, structurally, we can expect a long correction."
BankNifty-11/04/2023-LevelsHello Traders, Welcome to SriTrader5121
____________________________________
BankNifty-11/04/2023-Levels
IMPORTENT ZONE FOR THE DAY : 40869 - 40885
Possibilities of Today market open...
Possibility 1: FLAT
If market open as a FLAT and moves to UP - SIDE then BUY with the Support of IMP and SELL with the Rejection of IMP.
(or)
If market open as a FLAT and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
Possibility : GAP-UP
If market open as a GAP-UP and moves to UP-Side then BUY with the Support of R and SELL with the Rejection of R.
(or)
If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP.
Possibility 3: GAP-DOWN
If market open as a GAP - DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
(or)
If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of D-S and SELL with the Rejection of PDL.
_______________________
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.
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 )
#Banknifty"Trading day, April 3rd: The global market indicates a positive start with a bullish market nature. It may start with a neutral to slightly gap-up. Structurally, we can see the sub-wave 5 with divergence, so if the opening market doesn't sustain, we can expect a minor correction that will reach a minimum of 23 to 38% fib correction. On the other hand, if the initial market sustains the gap-up, we can expect the rally continuation."
Banknifty weekly analysis for 03/04/23.Banknifty has formed a base and give another doji on the monthly charts. A nice morning star pattern in formed on the weekly charts, which shows some positivity.
Though, the market on the weekly time frame is trading below the 20 ema.
The market has closed near a crucila levels and if it cross nice bullish momentum can be there in the market.
The daily chart's moving averages are close enough and a bullish moving averages crossover will be there.
A "W" pattern has been formed on the daily charts. Bullish trades can be initiated, if after a flat opening the market crosses the 40610 levels.
On the hourly charts, the market has been cleanly in the bullish momentum and all the candles of the trading session closed in the green and traded in a parallel channel.
Global market are also trading in green and the Indian marekt can show another gap up in the next trading session.
Support :- 40365, 40200
Resistance :- 40625, 40840, 41160
Wait for the price action near the levels before entering the markets.
Bank nifty Intraday levels for 31.03.2023Resistance level:39952
Support level : 39676
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart.
If candles are sustaining between resistance and support levels, consider as neutral.
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance.
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for back testing & better understanding
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
[INTRADAY] #BANKNIFTY PE & CE Levels(31/03/2023)Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 40050 level then possible upside rally of 400-500 points upto 40450 Level. And this rally can extend for another 400 points if it gives breakout of 40550 level. Any Major downside only expected in case banknifty starts trading below 39950 level.
Banknifty"As of March 28, the trading day is indicating a positive start, but the market nature is moderately bearish. It may begin with a gap-up. After that, if the market sustains it, we can expect a range market. On the other hand, if the market declines initially, we can expect the continuation of the correction."
[INTRADAY] #BANKNIFTY PE & CE Levels(28/03/2023)Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 39550 level then possible upside rally of 400-500 points upto 39950 Level. And this rally can extend for another 400 points if it gives breakout of 40050 level. Any Major downside only expected in case banknifty starts trading below 39450 level.
#BANKNIFTY - POSITIONAL VIEWBased on recent market analysis, it has been determined that BANKNIFTY is expected to display a bearish momentum in the upcoming days. In light of this forecast, short-term traders are advised to consider either shorting or purchasing put options for the next month expiry.
It is recommended to identify the key sell range between 39830-39980, with a targeted goal of achieving 39650, 39400, and 38950. However, it is imperative to note that the suggested strategy should be implemented with a stop-loss in place at 40600 to minimize potential losses.
This approach will enable traders to make informed decisions while navigating the market's dynamic conditions and pursue their investment objectives with greater confidence.
#Banknifty"Trading day, March 22: The global market indicates a neutral start with a bullish nature that may begin with a neutral to slightly gap-up. after that, If the market breaks 50%, we can expect a rally to continue. On the other hand, if the market rejects around 50%, we can expect a minimum of 38% Fib correction. If the correction breaks the 38% Fib level, that's a sign of trend reversal, and it may reach a 78% to swing low."
22nd March || Bank Nifty Analysis - Intraday Levels Marked OutAnalysis Criteria Used:
1. Please find the Bank Nifty Chart Analysis done for the 22nd March, 2023
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
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BANK NIFTY INTRADAY LEVELSNSE:BANKNIFTY BANKNIFTY is currently moving sideway, can try for short positions near/at resistance area if we get negative candle near/at resistance area on 15/30 min time frame, can try to hold till today's support, if banknifty seems bearish at support ,then we can give it a shot to achieve target zone.