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Bankniftyintradaylevels

BANKNIFTY Intraday Trade Setup For 25 Jan 2024BANKNIFTY Intraday Trade Setup For 25 Jan 2024 Bullish-Above 45500 Invalid-Above 45390 T- 46135 46700 Bearish-Below 44480 Invalid-Above 44590 T- 43855 43280 BANKNIFTY has closed almost on a flat note with a minor gain of 0.15%. Yesterday we in the trade setup we discussed that there is a high probability of a pullback to the impulsive down mov. It opened with a decent gap down and the pullback move initiated from 9:15 candle itself. Also in daily TF it opened at 0.618. A bounce can be expected from this region so above 45500 there can be another leg of rally. Below 44480 once again strong bearish move will be seen. Coming to Thursday's trade setup, if index opens flat and a 15 in candle closes above 45500 then we will long for the target of 46135 and 46700. For selling we need a 15 min candle close below 44480. T- 43855 and 43280. 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 Prediction for tomorrow (weekly) 24 Jan 24According to our past discussion, BANKNIFTY had a bearish nature for a couple of days. It had a nice fall today. If we look at chart data now, 46617 is a good support point. But if it breaks to the downside, it is going to give a nice target of 43850 level. Important levels have been marked on the chart. There are two different possibilities marked green (Bullish) and red (bearish) on the chart. If we look at the OI data, PCR = 0.51 indicates a huge bearishness in the market, which is also supported by the chart data. 45000 is the MAXPAIN for the current market structure. If it breaks to the downside, then good targets of levels 43850 and 43267 can be achieved easily. All important levels have been marked on the chart. Data shows the market is going to be bearish in the upcoming week. Reasons: Price < EMAs shows the market's bearish nature. (Bearish) The market has given the Death crossover, which is a strong signal of a Bearish market. (Bearish) OI data PCR = 0.51 shows the bearish structure of the market. (Bearish) RSI < 40, which shows weakness in bulls strength. (Bearish) Verdict: Bearish Plan of action: Look for a 15-minute candle; make a position based on the PA marked on the chart.
NSE:BANKNIFTY
by finnova_
#Banknifty directions and levels for JAN 24th#Banknifty Banknifty also had a reddish day. The structure suggests there is going subwave 5 or double correction variation. So here also, the same sentiment as Nifty—if the market opens with a gap-down, then the correction will likely continue. After the correction, if the market takes support around 44,720 or 61%, we can expect a minimum of a 23% to 38% pullback wave. However, if it doesn't take support, then we can expect further correction. Alternatively, if the market opens with a gap-up, then initially we could expect a 23% to 38% pullback wave. After that, if it rejects there (at 38%), then we can expect correction continuation (meaning the '5th' wave continuation).
NSE:BANKNIFTY
by Manickamtraders
1
BANKNIFTY Intraday Trade Setup For 24 Jan 2024BANKNIFTY Intraday Trade Setup For 24 Jan 2024 Sell_1- From 46150 Invalid-Above 46260 T- 45515 45000 Sell_2- Below 44880 Invalid-Above 44990 T- 44180 43570 BANKNIFTY has closed on a bold bearish note with 2.26% cut today. It opened with a big gap up today and as per trade setup 10 o'clock range was to be followed. Range broke downside below 45980 and gave a big trendy move till 44887. Yesterday it was said that index may give a bullish move but I clearly said that I doubt it will sustain. Tomorrow there can be an pullback of today's impulsive move or there is a chance of a halt candle in daily TF. 0.382 of yesterday's range will be first confluence level. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 44880 then we will short for the target of 44180 and 43570. In case 46150 is tested via gap up move then we will short. T- 45500 zone. 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 23 Jan 2024BANKNIFTY Intraday Trade Setup For 23 Jan 2024 Bullish-Above 46250 Invalid-Below 46140 T- 46915 47550 Bearish-below 45430 Invalid-Above 45540 T- 44750 44180 BANKNIFTY has closed on a bearish note with 3.46% cut last week but on a positive note last trading session. 45400 is an important support in daily TF below this new bearish impulsive move will be triggered. 46250 looks an important hourly resistance above this there can be a bullish move but I doubt weather it can sustain for 1-2 days. 46915-50 can act as a strong intraday supply zone. One can look for a bearish reversal price structure above 46915 for a short following current trend. 46250 and 45430 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46250 then we will long for the target of 46915 and 47550. For selling we need a 15 Min candle close below 45430. T- 44750 and 44180. 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 - 23/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 23/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45970 – 46000 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45970 Resistance-1: 46185 Support-2: 45860 Resistance-2: 46255 Support-3: 45690 Resistance-3: 46370 Support-4: 44340 Resistance-4: 46488 ____________________________________________ 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 Special session analysis 20 Jan 24NSE is running special trading sessions to test the disaster management platform. There is no compulsion to participate in the trading for today. But if you wish to, here is the analysis that you can follow. Banknifty has been in the range of 45600-46200, which is marked as a sideways zone for BN. They were also looking at OI data PCR = 0.58, which is super bearish. But NIFTY is bullish. Also, BN monthly expiry data is bullish, indicating a chance of recovery. As it has also formed a triple bottom, it can recover. But as it is testing day, only a few traders might participate, which might lead to sideways momentum. I am expecting it to end in a sideways zone only if it does not break the zone to the downside. Reasons : Price < EMAs shows bearishness in the market. RSI < 40, which shows the weakness of bulls; even though it goes up, it has to cross 60 to be bullish—so there are more chances for it to end sideways today. OI data PCR = 0.58 shows a very bearishness signal in the market. It's trading in the sideways zone right low looking on the chart, and OI data doesn't break either side. More chances are to end up a sideways day. Verdict: Sideways or Bearish Plan of Action : Don't go for option BUYING; you can sell options after seeing 15 min candle PA.
NSE:BANKNIFTY
by finnova_
Bank Nifty - 20/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 20/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45910 – 45936 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45560 Resistance-1: 45910 Support-2: 45247 Resistance-2: 46185 Support-3: 45105 Resistance-3: 46406 Support-4: 44958 Resistance-4: 46570 ____________________________________________ 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 Intraday Trade Setup | 20th Jan '24Today BankNifty opened with a gap-up around 46100 and after making a high around 46250, it gave a 600+ points fall from higher levels towards 45550. BankNifty is looking bearish in comparison to Nifty and if it fails to hold 45500 on closing basis, we may see another fresh selling. For tomorrow, BankNifty has to sustain above 45940 for further upside which can take BankNifty towards 46060 and upper levels. On the other side, if BankNifty breaks 45500 on downside, we expect to see 45370 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 45940 Sell Below - 45500 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 19 Jan 2024BANKNIFTY Intraday Trade Setup For 19 Jan 2024 Bullish-Above 46190 Invalid-Below 46080 T- 46870 47525 Bearish-Below 45430 Invalid-Above 45540 T- 44750 44180 BANKNIFTY has closed on a bearish note once again with 0.76% cut today. It opened with a big gap down today also, opening was directly near our 1st sell target. 10 o'clock range was to be used as per trade setup, range broke upside above 45825 and gave a move till 46184. It has formed an inverted hammer in daily TF near hourly support zone - 45400. Swing lengths have increased due to spike in VIX so be very strict with risk and rewards. 46190 and 45430 are important levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46190 then we will long for the target of 46870 and 47525. For selling we need a 15 Min candle close below 45430. T- 44750 and 44180. 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 | 19th Jan '24Today BankNifty opened with a gap-down around 45500 and after making a low at 45430 it gave a 700+ points bounce from lower levels towards 46180 but again we saw a selling and it come down to 45500. The positive point is that BN didn't break the morning low and closed above the opening price. For tomorrow, BankNifty has to sustain above 45850 for further upside which can take BankNifty towards 45980 and upper levels. On the other side, if BankNifty breaks 45400 on downside, we expect to see 45280 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 45850 Sell Below - 45400 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTYLong
by InvestPro_India
1
Bank Nifty - 19/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 19/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45755 – 45775 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45430 Resistance-1: 45900 Support-2: 45247 Resistance-2: 46185 Support-3: 45105 Resistance-3: 46406 Support-4: 44960 Resistance-4: 46570 ____________________________________________ 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 JAN 18th"Good morning, friends! Here are the directions for January 18th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a gap-down start, as indicated by Giftnifty showing a -160. HDFC Bank's results' impact is still ongoing. Structurally, we can expect a pullback around the major support level. If it rejects, then we can anticipate a minimum of 38% to 61% pullback. On the other hand, if it breaks or consolidates around the major support level, the correction is likely to continue."
NSE:BANKNIFTY
by Manickamtraders
Bank Nifty on Thursday 18/01/2024Bank Nifty shows big fall as per price action, I said before market was pumped for a big fall, Now market have no more liquidity at this place, so market will show again up side momentum for next few days to accumulate liquidity... but still one more big fall is remaining as per price action.. market will not go down until it breaks 45979 (major support) Here is the levels (Marked Red) for day basis, Resistance: 47113 46949 46641 46466 46389 46238 Support: 45979 (This is major support on 5 min,15 min,1 hr., 4 hr. time frame) Note : Market may show false brake down This is my personal view only for educational purpose
NSE:BANKNIFTY
by bornforseain1984
BANKNIFTY Intraday Trade Setup For 18 Jan 2024BANKNIFTY Intraday Trade Setup For 18 Jan 2024 Sell_1- From 47215 Invalid-Above 47325 T- 46610 46000 Sell_2- Below 45970 Invalid-Above 46080 T- 45350 44750 BANKNIFTY has closed in deep red today with 4.28% cut. This is one of the biggest intraday fall in the recent months. It opened with a big gap down today and 10 o'clock range was to be used as per trade setup. Range broke downside below 46530 and gave a move till 45980. Tomorrow once again there can be good fall below 45970. Incase today's low is safe and opens with slight gap up/down or flat then there is a possibility of pullback is high. Coming to Thursday's trade setup, if index opens flat and a Min candle closes below 45970 then we will short for the target of 45350 and 44750. 2nd sell position can be considered 47220. T- 46610 and 46000. 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 - 18/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 18/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 46630 – 46630 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45975 Resistance-1: 46365 Support-2: 45830 Resistance-2: 46610 Support-3: 45660 Resistance-3: 46950 Support-4: 45475 Resistance-4: 47220 ____________________________________________ 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) If market open as a FLAT and moves to UP - SIDE then BUY with the Support of R-1 and SELL with the Rejection of R-1. (Or) If market open as a FLAT and moves to DOWN - Side then BUY with the Support of S-1 and SELL with the Rejection of PDL. Possibility 2: GAP-UP 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 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 IMP and SELL with the Rejection of IMP. (Or) If market open as a GAP - DOWN and moves to DOWN - Side then BUY with the Support of W-R and SELL with the Rejection of W-R.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY prediction for tomorrow 18 JAN 2024As we have been discussing BankNifty in the last few days, it's going to be bearish. Today, it gave a massive bearish momentum with 2000 points to the downside, which is registered as the biggest fall of BN after Corona. If we look at the chart data now, it was in the range of 47000 se 48250, which has been broken to the downside successfully. Now, the next levels of support are 45693 and 44938, which I45693 is achievable easily if it gains momentum. Also, the BN target of range breakdown is still not completed (target 45680). If we look into OI data PCR = 0.65 (weekly), 1.1 (next expiry). Looking at the levels, 46000 has huge PE writing. If it breaks to the downside, there is not much obstacle. We can easily achieve the target marked on the charts. I expect the market to fall tomorrow. It will provide a very nice target if you are able to short the market at a high point after a retracement. Reasons: Price < EMAs, which indicates the weakness of bulls or bearishness. RSI < 40, oversold zone shows bulls are weak at this point. So some retracement and then again fall is expected. Price < VWAP that shows bearishness in the market. OI data shows PCR = 0.65 which is bearish. 46000 still has nice PE writing left, but once it breaks, it will fall smoothly. (Bearish) 46680 and 45000 are potential support zones for now if they behave nicely in Price Action. EMA(50,200) bearish death crossover, which indicates a trend reversal. (Bearish) Verdict: Bearish if breaks 46000 will provide a nice target. Plan of Action: Sell 46000 CE + BUY ~25rs CE (for hedge protection) after a retracement.
NSE:BANKNIFTYShort
by finnova_
3
BANKNIFTY Intraday Trade Setup For 18 Jan 2024BANKNIFTY Intraday Trade Setup For 18 Jan 2024 Bullish-Above 48310 Invalid-Below48200 T- 48620 68950 Bearish-Below 48000 Invalid-Above 48110 T- 47700 47445 BANKNIFTY has closed almost on a flat note today. It has formed a shooting star candle in daily TF which indicates a bearish sentiment. If you can remember our weekend analysis where we discussed that index may give a pullback move before any fresh up move. Probability of a Higher Low is high. Index may test 474450 or 47500 zone as per half bat pattern. This pullback/down move will be triggered below 48000. Above 48310 there can be good up move. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 48310 then we will long for the target of 48620 and 48950. For selling we need a 15 Min candle close below 48000. T- 47700 and 47445. 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 - 17/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 17/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 48160 – 48180 Important Support and Resistance for the Day... Support - Resistance - Support-1: 48050 Resistance-1: 48165 Support-2: 47867 Resistance-2: 48250 Support-3: 47826 Resistance-3: 48305 Support-4: 47755 Resistance-4: 48380 ____________________________________________ 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) If market open as a FLAT and moves to UP - SIDE then BUY with the Support of R-1 and SELL with the Rejection of R-1. (Or) If market open as a FLAT and moves to DOWN - Side then BUY with the Support of S-1 and SELL with the Rejection of PDL. Possibility 2: GAP-UP 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 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 IMP and SELL with the Rejection of IMP. (Or) If market open as a GAP - DOWN and moves to DOWN - Side then BUY with the Support of W-R and SELL with the Rejection of W-R.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY Intraday Trade Setup For 16 Jan 2024BANKNIFTY Intraday Trade Setup For 16 Jan 2024 Bullish-Above 48250 Invalid-Below 48140 T- 48620 48950 Bearish-Below 48020 Invalid-Above 48130 T- 47700 47445 BANKNIFTY has closed on a bullish note with almost 1% gain today. In the weekend analysis we discussed that BANKNIFTY may form a higher low and then confirm the next bullish move. In this case index may give a pullback if 48000 is taken out in downside. 47700 will act as an intraday support being gap closing price. In case it sustains above today's high then we will test 48621 and that will be an intraday resistance. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 48250 then we will long for the target of 48620 and 48950. For selling we need a 15 min candle close below 48020. T- 47700 and 47445. 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 prediction for tomorrow 16 th JAN 24As we discussed, BANKNIFTY yesterday, "If breaks will go bullish", it broke the pattern to the upside, and then it made a good bullish move, but it had quite high volatility. Now, it has broken to the upside; I am expecting it to go HH till 48500. Suppose we see OI data PCR = 1.25, which is bullish. Also, at higher levels, 48200 has minor resistance. If it breaks to the upside, then the direct target will be 48500. I am expecting it to go bullish till level 48500. Reasons: Price ~ EMA(13) means its balanced bullish. It has already given a breakout to the upside target marked on the chart. (Bullish) RSI 68, which is perfect for a bull run. (Bullish) The market already took support at 200 EMA. After that, it showed a bull market run and also broke the pattern with power. According to OI data, PCR = 1.25, which is bullish, with only minor resistance at 48200, but looking at bullish power, it will break easily. (Bullish) Price already took support at VWAP and became bullish. It will now continue till levels of 48500. Verdict: Bullish Plan of action: If the Market opens sideways, go bullish with CE buying. If the Market opens high, let it retrace, then enter.
NSE:BANKNIFTYLong
by finnova_
Banknifty weekly analysis for 15/01/24.Banknifty on the weekly close has given a hammer candle and has retraced from 61.8% levels. It has given a slow progress after testing the ATH and is lagging the other index. There are chances of it giving a nice move this week, if it starts trading above fibonacci level. There is a parallel channel consolidation and if it clears the resistance zone around 48k levels there will be a good move to capture 200-250 points on the spot chart. Major resistance levels :- 47860-900, 48180 Higher targets in a bullish trade can be captured by trailing the SL. Price action and setup should be checked before entering any trade. Support zone :- 47610-650, 47450, 47250 The zone between 47600-47900 is a no trading zone for tomorrow. If there is a flat to slight gap up/down opening and market consolidate in the first half and move on the higher side in the second half, good targets can be captured in the index.
NSE:BANKNIFTY
by TheMamboMomentum