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Bankniftyintradaylevels

BankNifty Intraday Support & Resistance Levels for 03.07.2024BankNifty bounced from the 15m Demand Zone mentioned in the last post, rallying over 200 points from the day's low. However, selling pressure in most BankNifty constituents (except HDFCBANK) closed 406 points down at 52,168.10. Both the weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (75m): 51,510 - 51,784 Major Support/Demand Zone (Daily): 51,138 - 51,934 Resistance Levels: Near Minor Resistance/Supply Zone (5m): 52,374 - 52,472 Far Resistance/Supply Zone (15m): 53,060 - 53,181 Keep an eye on 52,735 in the 15m chart; any big green candle above this level may signal the start of a bull rally if sustained.
NSE:BANKNIFTY
by PriteshPalan
Bank Nifty 03-07-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5200## and 5150# Major Resistance - Around 5300## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
2
Bank Nifty 02-07-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5200## Major Resistance - Around 5300## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY prediction for tomorrow 2nd JULYAs we discussed, BANKNIFTY opened a gap-down and took a reversal till EMA(50) and spent sideways in 2nd half. If we look at the chart now: The market has taken resistance again at 50 EMA (30-min TF). Right now, the market is consolidating in the marked channel. I expect the market to consolidate one more day, and as it is forming a FLAG and POLE structure, it is upside going to give momentum till 53500 as a target. Also, the market is in the process of forming HNS at the top, which might lead to a fall. The market is probably going in both directions. Support levels: 52181, 51809, and 200 EMA and 51295 Resistance levels: 53009, 53500 If we look at the OI data: PCR = 0.87, which has changed from 0.64, shows bulls are increasing their position and bears wind off some of their positions. 52500 is Max-pain. 53000 is the strong resistance level, with maximum CE writing, and 52000 has strong PE writing, which is going to provide strong support. The market does not have a clear direction on either side. It breaks will give nice momentum. Reason: RSI ~ 40-60 indicates sideways momentum. Price > EMA(13,50,200) shows bullish structure. PCR = 0.87 shows that the market is mildly bearish. Price > VWAP shows a bullish market structure. Verdict: Sideways or Bullish Plan of action: wait for the market to break on either side. Sell 52500 CE and Sell 52500 PE (Hedge it with 20/- premium); exit a loss-making position once it breaks.
NSE:BANKNIFTY
by finnova_
#Banknifty directions and levels for July 1st.BankNifty experienced a solid correction in the previous session. If you count the sub-waves, it is in the 5th sub-wave. Here, if the initial market takes a pullback or finds support around the immediate support level (50%), we can expect a 38 to 61% pullback wave. Alternatively, if there is a solid decline initially, the correction could continue, meaning the 3rd wave extension may continue. If that happens, we can expect the correction to continue with some minor pullbacks.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY predeiction for today 01 JULYAs we discussed, BANKNIFTY opened sideways and retested 53000 levels, which started to fall and gave a nice bearish momentum. If we look at the chart now: The market has broken the resistance to the downside with a good bearish momentum. Support levels: 52023, 51830, and 200 EMA Resistance levels: 50 EMA, 52403, 52689 If we look at the OI data: PCR = 0.64, which has changed from 1.32, shows bears are making their position and selling high points. So, some correction can be expected here. 53500 is Max-Pain. I am expecting a correction in the market till 200 EMA. Reason: RSI < 40 falling and also having divergence, which might lead the market to some correction. EMA(200) < Price < EMA(13, 50), which indicates the market can take some correction till 200 EMA. PCR = 0.64, which shows that the market is strongly Bearish. Price < VWAP shows a Bearish market structure. Verdict: Sideways or Bearish Plan of action: wait for 15 min candle. Let the market take resistance at 13 EMA or 50 EMA. Once you see the direction bearish. Sell 52400 CE (Hedge it with 20/- premium)
NSE:BANKNIFTYShort
by finnova_
Bank Nifty 01-07-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5200## Major Resistance - Around 5300## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Bank Nifty 01-07-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5200## Major Resistance - Around 5300## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Banknifty weekly analysis for 24/06/24.Banknifty on the weekly charts has given a good bullish candle and created a new life time high. It is holding the higher levels and on the monthly candle it has already given a 5% move. Nifty is taking a halt while banknifty is trading on the higher levels. The index has been trading around the same levels for the last 2 trading sessions. In case of a break down, it can test the lower levels around 50k. While the market has travelled to higher levels, there must be a retracement before another bullish leg. Support levels :- 51200, 50730, 50200 Resistance levels :- 51860, 51930-50 Bullish trades are risky as the market is trading in an uncharts zone and can reverse from any level (even the ATH is around 52k level). Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
#Banknifty directions and levels for June28th.BankNifty's structure is a little different. The 5 waves are finished, and it's progressing into a correction. Corrections have many variations. I explained two variations: 1- If the initial market declines, we can expect a 38% correction. After that, if it finds support, we can expect a range market to rally continuation. In this scenario, the correction will continue only if it breaks the 38% Fibonacci level effectively. If it breaks, then we can expect 50% to 78% as the next targets. 2- The alternate variation is a flat correctional variation. If the market sustains the gap-up and pulls back, the level of 53247 to 53320 will act as a strong resistance. If the market is rejected there, we can expect a correction. If you want confirmation of the correction, use the EMA20 and the 38% Fibonacci level breakout sentiment.
NSE:BANKNIFTY
by Manickamtraders
Banknifty prediction for tomorrow 27 JUNAs we discussed, BANKNIFTY opened sideways and went bearish for 1 hour. After that, it started recovering and touched 52990, almost near the given target, and fell in the last hour. If we look at the chart now: The market is trading at an all-time high. In the last 30 minutes, the market made correction. I am expecting some more corrections in upcoming trading sessions. Support levels: 52393, 50 EMA, and 51830 Resistance levels: 53000 and 53500 If we look at the OI data: PCR = 1.32, which has changed from 1.61, shows bears are making their position in the 53000 level. So, some correction can be expected here. 53000 is Max-Pain. On the lower side, 52500 has good PE writing, and on the higher level, 53500 has good CE writing. That market has a huge range to move, which might lead the market to good volatility. I am expecting a volatile move in the range of 52393 - 53000. Reason: RSI = 60 falling and also having divergence, which might lead the market to some correction. Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.32, which shows the market is strongly bullish. Price > VWAP shows a bull market structure. Verdict: Sideways or Bullish Plan of action: Sell 52850 CE and Sell 52850 PE (Hedge it with 20/- premium) Exit opposite position; either side of the market breaks.
NSE:BANKNIFTY
by finnova_
1
Bank Nifty 27-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5200## Major Resistance - Around 5300## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Bank Nifty Analysis June 27 2024 TRADE WITH CAUTIONLast Analysis Review: From my previous Bank Nifty analysis on June 26, 2024, we observed that “Scenario 2” (Sell if we see a strong resistance between 52900 - 53000) partially played out accurately. Now, let’s delve into the current scenario. Analysis: June 27, 2024 Short-Term View: Again Caution is advised as the market rises on sentiments ahead of the FINAL BUDGET 2024 presentation. Strong move is expected above 53000 or below 52349 in coming days Long-Term View: Despite short-term optimism, the higher time frames (e.g., 4-hour or 1-day) reveal weak technical aspects for Bank Nifty. Strong candles with small wicks may signal a fake breakout. With price consolidation between 52350 - 53000 we can see a break out on either side. We may expect a fake breakout above 53000 considering Budget 2024 around the corner. Banking News POSITIVE NEWS SBI raises Rs 10,000 cr via 15-year infrastructure bonds at 7.36% coupon Unambiguous commitment needed to bring down inflation to 4% target: RBI Governor Das ICICI Bank surpasses UBS to become 18th largest bank globally NEGATIVE NEWS Yes Bank restructures workforce, lays off 500 employees in cost-cutting move Farm loan waivers to negatively impact banks' asset quality: Macquarie T rading Scenarios: Scenario 1 (Gap Up): If Bank Nifty opens above or around 52,900, watch for resistance at 53,000. Consider buying above 53,000 with caution. Scenario 2 (Gap Down): If the price opens between 52,700 and 52400, Wait till it break strong support at 52360 on 30 Min time frame. With tight stop loss consider buying if price respects the support region. Sell if a strong breakout is seen below 52349, use a tight stop loss. Scenario 3 (Flat): Wait until BankNifty breaks previous day high or low on 30 minute time frame before going long or short. You can take small trade if you see BankNifty range bound movement between 52400 - 52900. But a strong move is expected above 53000 or below 52349 in coming days ✅ Bank Nifty Support and Resistance Levels: Intraday Resistance Zone: 52,700 - 53000 Intraday Resistance 1: 52,700 Intraday Resistance 2: 53,000 Intraday Resistance 3: 53,500 Intraday Support Zone: 52,349 - 52,460 Intraday Support 1: 52,681 Intraday Support 2: 52,349 Intraday Support 3: 52,000 🔍 Bank Nifty Options to Watch (July 3): Call Option: 52,700 CE Put Option: 52,500 PE Trade wisely and adapt to market dynamics! 🚀📊 #tradenxt #bankniftyanalysis #bankniftylivetrading #livetrading #stockmarketanalysis #stockmarketanalysis03july2024 #IntradayTrading #IntradayCalls #BankniftyPredictions #StockMarketPredictions #bankniftytomorrowprediction #niftyanalysis #niftypredictions #bankniftyoptions #niftyoptions #banknifty52700ce #banknifty53900ce #banknifty52500pe
NSE:BANKNIFTYShort
by kislaysumit
#Banknifty directions and levels for June 26th.Bank Nifty had a long rally, so if the market opens neutral to slightly gap-down, then structurally, it could also take a maximum 23 to 38% correction. After that, if it finds support around 38%, we can expect minor consolidation for the rally continuation. The alternative scenario differs a bit from Nifty. Bank Nifty has extended more compared to Nifty, so structurally, there is no possibility of a big correction, meaning the flat correction might not occur here. Conversely, if it breaks the 38% Fibonacci level, the zigzag variation may extend here, and that correction may reach a maximum of 61%. (Note: If the initial market takes a pullback and breaks the previous high, then the rally may continue further. However, the momentum could be less, so we can't expect a big rally. If we want a big rally, it would require a solid candle breakout or a minor consolidation around the immediate resistance level.)
NSE:BANKNIFTY
by Manickamtraders
2
BANKNIFTY Intraday Trade Setup For 26 Jun 2024BANKNIFTY Intraday Trade Setup For 26 Jun 2024 Bullish-Above 52760 Invalid-Above 52650 T- 53250 Bearish-Below 52240 Invalid-Above 52350 T- 51680 BANKNIFTY has closed on a bold bullish note with 1.74% gain today. Market was trendy after 12 PM as momentum came after that. Buy triggered as per trade setup above 51800 and hit 1st target 52700 very smoothly. Tomorrow if we get a pullback breakout of 52760 then once again bullish move can be seen. 52240 can act as an confluence zone as it is a probable intra support. In case it breaks 52240 then we will short. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 52760 then we will long for the target of 53250. For selling we need a 15 Min candle close below 52240. T- 51680. 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 26-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 519## Major Resistance - Around 529## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121