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Bankniftylevels

BankNifty levels - Apr 05, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BANKNIFTY Intraday Trade Setup For 4 Apr 2024BANKNIFTY Intraday Trade Setup For 4 Apr 2024 Bullish-Above 47720 Invalid-Below 47610 T- 48210-50 Bearish-Below 47350 Invalid-Above 47460 T- 46970 BANKNIFTY has closed on a slight bullish note with 0.17% gain today. It seems to be a strong bulls presence as it opened gap down due to global cues and then recovered and closed near day high. Above 47720 we can expect a strong bullish impulse towards 48250 zone. Best case bullish trade will be if index opens below 47700 and breaks 47720. It is a high probability trade. Below 47350 we will plan a short trade towards 47k zone, 47370 being intra support. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47720 then we will long for the target of 48250. For selling we need a 15 min candle close below 47350. T- 46970. 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 levels - Apr 04, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty levels - Apr 03, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BANKNIFTY Intraday Trade Setup For 2 Apr 2024BANKNIFTY Intraday Trade Setup For 2 Apr 2024 Bullish-Above 47650 Invalid-Below 47540 T- 48055 Bearish-Below 47370 Invalid-Above 47480 T- 46970 BANKNIFTY has closed on a bullish note with nearly 1% gain today. It opened with a gap up near our buy level and buy triggered above 47450 and gave a move till 47640. After a big gap up 10 o'clock range was to be used as per trade setup but it was not triggered, index traded inside 10 o'clock range. Tomorrow below 47370 it can trigger a pullback move towards 46970 as per half bat pattern same will be intraday support. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 47650 then we will long for the target of 48055. For selling we need a 15 Min candle close below 47370. T- 46970 and 46625. 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 levels - Apr 02, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BANKNIFTY Intraday Trade Setup For 1 Apr 2024BANKNIFTY Intraday Trade Setup For 1 Apr 2024 Bullish- Above 47450 Invalid-Below 47340 T- 47885 48315 Bearish-Below 46950 Invalid-Above 47060 T- 46500 BANKNIFTY has closed on a slight bullish note with 0.56% gain last week. Index is broadly trading in a rising parallel channel since 25 Jan Bottom. Breakout of this channel pattern will be above last swing high 46200 and below last swing low 46800 in daily TF. Index consolidated within a 500 points range between 21-27 Mar, breakout happened on 28 Mar and is on verge of CIP/Retest. So we will again trade bullish impulse above 47450. Incase index fails the range breakout then we will short below 46950 for initial range low as target. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 47450 then we will long for the target of 47885 and 48315. For selling we need a 15 Min candle close below 46950. T- 46500. 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 levels - Apr 01, 2024 Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BANKINIFTY Intraday Trade Setup For 28 Mar 2024BANKINIFTY Intraday Trade Setup For 28 Mar 2024 Bullish- Above 47000 Invalid- Below 46890 T- 47535 Bearish- Below 46500 Invalid- Above 46610 T- 46050 BANKINIFTY has closed on a bullish note with 0.4% gain today. Since last 4 trading session index has been absolute sideways within a very tight range of 500 points. Non - directional trading has no space in between. In fact I myself have survived with small scalps these last 4 days. Avoid directional trading between 47000 and 46500. Breakout of this range will bring a good directional move and initial move of 500 points can be expected. Our key levels for tomorrow are 47000 and 46500 however 46670 is an internal bearish trigger before 46500. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47000 then we will long for the target of 47535. For selling we need a 15 Min candle close below 46500. T - 46050 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 levels - Mar 28, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BANKNIFTY Intraday Trade Setup For 27 Mar 2024BANKNIFTY Intraday Trade Setup For 27 Mar 2024 Bullish-Above 46800 Invalid-Below 46690 T- 47250 Bearish-Below 46500 Invalid-Above 46610 T- 46050 BANKNIFTY has closed on a bearish note with 0.56% cut today. All this cut was contributed due to sustained gap down opening. It was a complete option seller's day as it traded within 250 points the whole day. Tomorrow above 46800 there can a short covering move as it has formed a long wick rejection candle in daily TF, only place where it can stuck is previous day closing price. Below 46500 we will plan a short trade and it will activate move towards 46050. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 46800 then we will long for the target of 47250. For selling we need a 15 Min candle close below 46500. T- 46050. 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 levels for monthly expiry 27/03/24.For last few trading sessions, market is volatile and is taking the stop losses. Today also the market remained in a range and closed below the daily 20 ema. There is a rejection from the levels and an inverted hammer is formed on the daily charts. If there is a gap up to flat opening and market starts trading below today's low, it can test the lower support levels. Fibonacci levels are also retested on the bearish front. Now market has to decide which trend to follow as it has been creating confusion. Major support levels :- 46400, 46150 Resistance levels :- 46750, 46940 Tomorrow is the montly expiry for banknifty. It has been consolidating in a range for last 3 trading session and there is a possibility of it showing some trending move. Wait for the pirce action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
BankNifty levels - Mar 27, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty levels - Mar 26, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Banknifty weekly analysis for 18/038/24. A big red candle on the weekly charts after 4 consecutive green candle is either profit booking or a double top formation confirmation. Banknifty has come for selling but the downside movement is slow which shows there are still buying happening in the market. There is doji formation on the daily charts and a significant selling is not there in the index as compare to nifty. It is respecting a trendline and has continously tested it. If markets breaches the levels and starts trading below the levels, a bearish move can be seen in the market upto the lower support levels. Major support levels :- 46300, 45940, 45750 The chances are high of market giving another red candle on the weekly charts. Wait for banknifty to start trading below the trendline. If there is a gap up opening and a higher high formation, let market confirm the bullish trend on hourly charts. For confirmation look for a price action. Major resistance levels :- 46680, 46950 Though, markets are unpredictable and is in a bearish trend, watch for it to cross and sustain 47200 levls to turn bullish. Else a day or two can be avoided for trading. Wait for the price action near the level before entering the markets.
NSE:BANKNIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 22 Mar 2024BANKNIFTY Intraday Trade Setup For 22 Mar 2024 Bullish-Above 47000 Invalid-Below 46890 T- 47615 Bearish-Below 46550 Invalid-Above 46660 T- 46050 45640 BANKNIFTY has closed on a bullish note with 0.81% gain today. While all this gain was entirely contributed via gap up backed by FED outcome overnight. It has formed a shooting star candle in daily TF. So below today's low- 46550 we can see a good down move towards 46000. This week looks as it will hover near 50 EMA in daily TF. Possibility of a upmove looks less as per today's daily candle. However above 47000 we will plan bullish trade. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47000 then we will long for the target of 47615. For selling we need a 15 Min candle close below 46550. T- 46050 and 45640. 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 levels - Mar 22, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BANKNIFTY Intraday Trade Setup For 21 Mar 2024BANKNIFTY Intraday Trade Setup For 21 Mar 2024 Bullish-Above 46750 Invalid-Below 46640 T- 47350 Bearish-Below 45800 Invalid-Above 45910 T- 45220 BANKNIFTY has closed with a minor cut of 0.16% today. The 50 EMA in daily TF has really become like a magnet which pulls BANKNIFTY closure whenever it inches away. Today sell triggered below 46250 but breakout candle was huge leading to void entry. It has once again formed a Pinbar in daily TF so above today's high bulls will try to close BANKNIFTY above 50 EMA again. However our key level for upside breakout is 46750 as per falling parallel channel. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46750 then we will long for the target of 47350. For selling we need a 15 Min candle close below 45800. T- 45220. 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 Prediction Levels for 21 March 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
Bank Nifty 21-03-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone Sell - Below Side-ways-zone See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 ______________________________________ Rules to fallow... 1) Wait for conformation. 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 purpose and a helping hand to learn trading in 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 respective zone 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 comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121