Bank Nifty: 18.03.2024Ram Ram Ji
I am sharing my view on Bank Nifty in the case If it opens at or near about 46,800.00
Let's see
You can also share your view with all of us.
Thank You
Bankniftylevels
BANKNIFTY LEVELS AND ZONES 18-03-2024 ONWARDS 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between zones.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level. NSE:BANKNIFTY
BankNifty levels - Mar 18, 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!
Bank Nifty analysis for 15th march 2024The banknifty is travelling in a downward channel. also the possible support and resistances are marked in the chart. if it breaks the channel in upside direction, may be a bullish movement is possible. if it breaks the support of 46500 level, a bearish movement may happen.
Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
BANKNIFTY Intraday Trade Setup For 15 Mar 2024BANKNIFTY Intraday Trade Setup For 15 Mar 2024
Bullish-Above 47250
Invalid- Below 47140
T- 48040
Bearish-Below 46550
Invalid-Above 46660
T- 45930 45360
BANKNIFTY has closed on a bearish note with 0.41% cut today. Index is at a decisive level, 50 EMA in daily TF. If it all it has to take support then 46550 should be safe and should make a bullish price structure. In hourly TF it has maintained a falling channel, breakout will confirm 50 EMA support. Below 46550 there can be panic selling. 46950 will be an important internal level.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47250 then we will long for the target of 48040.
For selling we need a 15 Min candle close below 46550. T- 45930 and 45350.
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.
Banknifty weekly analysis for 11/03/24.After 3 days holiday markets will open tomorrow.
Banknifty has been halting around the higher levels and constantly facing rejection around 48k levels.
On the weekly charts, there is a bullish move in the market and seems to continue as nifty is around the highs but banknifty is still lagging behind it.
An inside candle has been formed on the daily charts and near the high. If there is a break out new highs can be tested this week for banknifty.
Else it may come to test the lower levels.
Major support levels :- 47520, 47260
Resistance :- 48150, 48260, 48400
Buying there on every dip and resistances above are weak.
Bullish move is expected as the charts indicate. If there is a gap down opening, it would be wise to avoid trading for intraday as there will confusion in the markets.
Wait for the price action near the levels before entering the market.
Nifty intraday levels for weekly expiry 14/03/24.
Nifty has given a break down of the parallel channel and has closed below the 22k levels after a gap up opening.
Even 20 ema, on the daily chart, is breached and closing is much below it.
Today, not the index even the stock has given bearish move. There were chance of a retest but from the morning nifty was in a bearish mood.
It can given another red candle as there is a bearish divergence in RSI and volume are high.
Either it will retest the break down channel or consolidate after a gap up or flat opening.
Major support levels :- 21920, 21770, 21580
If there is a gap down opening, there can be another selling leg from the morning.
Resistance levels :- 22110, 22250
Tomorrow is weekly expiry for nifty and can be another trending day for it.
Wait for the price action near the levels before entering the market.
BankNifty levels - Mar 15, 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!
BANKNIFTY MATHEMATICAL LEVELS FOR THIS EXPIRYThese Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
BANKNIFTY Intraday Trade Setup For 14 Mar 2024BANKNIFTY Intraday Trade Setup For 14 Mar 2024
Bullish-Above 47250
Invalid-Below 47140
T- 47850
Bearish-Below 46840
Invalid-Above 46950
T- 46218 45640
BANKNIFTY has closed on a bearish note with 0.64% cut today. However BANKS were defending NIFTY or else NIFTY would have tanked much more resulting into pure panic selling. Sell triggered as per trade setup below 47180 and gave a move till 46850. Tomorrow 47250 will be important level for upside if broken. In case it 46840 is broken in the downside after flat opening then we can see good intraday fall towards 46210.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47250 then we will long for the target of 47855.
For selling we need a 15 Min candle close below 46840. T- 46218 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.
BankNifty levels - Mar 14, 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!
BANKNIFTY Intraday Trade Setup For 13 Mar 2024BANKNIFTY Intraday Trade Setup For 13 Mar 2024
Bullish-Above 47500
Invalid-Below 47390
T- 47855 48385
Bearish-Below 47150
Invalid-Above 47260
T- 46645
BANKNIFTY closed almost on a flat note with a minor cut of 0.1% after a huge volatility today. As per the trade setup short triggered @ 47810 and gave a nose dive till 46885. Plotted half bat worked like a dot level. Now tomorrow if there is a big gap up above 47800 then chances of Open= High will be high. Opening between 47500 and 47200 will be best suited to trade on 47500 and 47150 range breakout. Till the time leader NIFTY is in distribution phase or trading between the parallel channel momentum will be fuss.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47500 then we will long for the target of 47855 and 48386.
For selling we need a 15 Min candle close below 47150. T- 46615.
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.
Bank Nifty 13-03-2024 AnalysisHello Traders, Welcome to SriTrader5121
_______________________________________
Overall view for the day.
Buy - Above Side-ways-zone / with support of PDL / with support of Strong-resistance
Sell - Below Side-ways-zone / with rejection of PDH / with rejection of Strong - resistance
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.
BankNifty levels - Mar 13, 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!
BANKNIFTY as expected Following Elliot Wave BANKNIFTY as expected Following Elliot Wave
500++ Points Single Candle
As Explained in Yesterdays Chart, i was expecting one BIG move on Long side
i hope everyone Captured this long move
Next Target 48150 - 200
BANKNIFTY Intraday Trade Setup For 12 Mar 2024BANKNIFTY Intraday Trade Setup For 12 Mar 2024
Sell_1- From 47810
Invalid-Above 47920
T- 47500 47200
Sell_2- Below 47200
Invalid-Above 47310
T- 46615 46068
BANKNIFTY has closed on a bearish note with with 1% cut today. Sell triggered as per trade setup below 47730 and gave a good move in favor till 47235. Although a clear move, the momentum was really pathetic which is mainly due to VIX. It has to regain 16 then only there will be good momentum in intraday. Tomorrow above 47500 it will test 47810 zone. 47810 will act as a strong resistance and we will plan a short from there. Below 47200 clear bearish momentum will kick in.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 47200 then we will short for the target of 46615 and 46068.
2nd sell can be planned from 47810. T- 47500 and 47200.
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.
Bank Nifty 12-03-2024 Analysis
Hello Traders, Welcome to SriTrader5121
_______________________________________
Overall view for the day.
Buy - with support of PDL / Strong- Resistance
Sell - with rejection of PDL / support
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.
BankNifty levels - Mar 12, 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!
Bank Nifty 11-03-2024 Analysis Hello Traders, Welcome to SriTrader5121
_______________________________________
Overall view for the day.
Buy - with support of PDL / Strong-support
Sell - with rejection of PDL / Resistance
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.
BANKNIFTY Intraday Trade Setup For 11 Mar 2024BANKNIFTY Intraday Trade Setup For 11 Mar 2024
Bullish-Above 48170
Invalid-Above 48060
T- 48800 49430
Bearish-Below 47730
Invalid-Above 47840
T- 47140 46645
BANKNIFTY has closed on a slight bearish note last week with 1.16% gain last week. Last week we saw a good grip of bulls in the initial 2 days and then some some sideways move. Index will give a bold bullish move once again above 48170 if crossed. Reason behind a bold bullish move is based on current market trend and bulls grip and a compression seen on last day. Trendline breakout will be early indication of impulse trigger.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48170 then we will long for the target of 48800 and 49430.
For selling we need a 15 Min candle close below 47730. T- 47140 and 46645.
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.
Banking stocks strongWith nifty creating new highs every week, banking stocks might see good upmoves in the coming few weeks.
In this video , I discuss few banking stocks setups which look to resume their uptrend .
Cheers!
BankNifty levels - Mar 11, 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!
BankNifty levels - Mar 07, 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!
