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Bankniftylevels

BankNifty levels - Feb 09, 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
BANK NIFTY 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
NSE:BANKNIFTY
by YASHSINCE1995
BankNifty levels - Feb 08, 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
Bank Nifty - 07/02/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 07/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45820 – 45835 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45600 Resistance-1: 45830 Support-2: 45530 Resistance-2: 45930 Support-3: 45420 Resistance-3: 46000 Support-4: 45330 Resistance-4: 46130 ____________________________________________ 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 levels - Feb 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!
NSE:BANKNIFTY
by sacxe
#Banknifty directions and levels for February 6th. #Banknifty Banknifty also has a sharp correction structure. If the market takes a pullback, we can expect rally continuation when it breaks the immediate resistance (46103 to 46140). However, if it doesn't break that level, then the correction might continue. Alternatively, if the market opens with a gap-down, then we can expect a minor correction initially. If it rejects around 45509 or 61%, then we can expect a minimum of 23 to 38% pullback. On the other hand, if it consolidates or breaks around there, then the correction will likely continue.
NSE:BANKNIFTY
by Manickamtraders
Bank Nifty - 06/02/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 06/02/2024 - Levels IMPORTENT ZONE FOR THE DAY: 45855 – 45835 Important Support and Resistance for the Day... Support - Resistance - Support-1: 45730 Resistance-1: 45855 Support-2: 45610 Resistance-2: 45930 Support-3: 45480 Resistance-3: 46050 Support-4: 45360 Resistance-4: 46130 ____________________________________________ 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 weekly analysis for 05/02/24.Banknifty has given a nice move after the budget day and closed 200 point lower on daily close and 1000 points lower from the day's high. The weekly chart is showing a rejection from golden fib ratio of 61.8% around 47k zone. Though, it has closed above the 20 WEMA buy still it is trading below 20 DEMA. The market has given much move in the last week but volatility was high which helped option seller to create position while taking a hunt on option buyers. Major support levels :- 45860-900, 45300, 44550 Currently, nifty tested it high but banknifty is still lagging in testing the high by 1800 points. If the market remain positive and give some bullish momentum there are chance for the index to retest the high. It will face resistances while testing the higher highs around round number figure and resistance zone. Resistance zone :- 46550, 47000 No trading zone is marked and there is possibility of market easing of with the volatility to create a trend or sideways movement. Wait for the market to decide whether it sideways or trending. Must watch for the price action formation near the zone and trade accordingly.
NSE:BANKNIFTY
by Mambotrade
Banknifty Prediction for tomorrow 6th Feb 24As we discussed yesterday, the market went sideways, and after 2 PM, bearish momentum started. If we look at the chart data: Prices have broken to the downside and have consolidated nicely today. It might touch the target marked on the chart. It has also broken 200 EMA to the downside. EMA has given an EMACrossover(13, 200), which shows the market has turned bearish. If we look at the OI data: PCR = 0.64 shows the market has a bearish sentiment. 45800 is MAXPain; also, 46000 has huge CE writing, which will provide a nice resistance to the upside. I am expecting the market to fall more till the target is marked in the chart. Reasons The market has already given a breakout to the downside. (Bearish) Price < EMAs shows a bearish market structure. (Bearish) RSI < 40, which shows bulls are weak right now. (Bearish) Price < VWAP shows a bearish sentiment in the market. (Bearish) OI data shows PCR = 0.64, which shows the market is having bearish structure. (Bearish) Verdict: Bearish Plan of action: Sell 45700 CE (hedge it with 30rs CE).
NSE:BANKNIFTYShort
by finnova_
BankNifty levels - Feb 06, 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 05 Feb 2024BANKNIFTY Intraday Trade Setup For 05 Feb 2024 Sell_1- From 46550 Invalid-Above 46660 T- 46225 46000 Bearish-Below 45900 Invalid-Above 46010 T- 45360 44850 BANKNIFTY has closed on a bullish note last week with 2.46% gain. While it closed on a bearish note last day as 46600 is a resistance in daily TF. Breakout of the resistance will be said when a daily candle closes above 46600. Since it created a bearish sentiment last day it can be sell on rise opportunity in case it tests 46550 via gap up. 45300 will be an important intraday support zone as per 0.618 retracement in hourly TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle below 45900 then we will short for the target 45285-45300. In case it opens gap up then we will short from 46550. T- 46225 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
BankNifty Intraday Trade Setup | 5th FebToday BankNifty opened with a gap-up around 46600 and after making a high around 46900, it gave a 1000 points fall from higher levels towards 45900 and closed at 45970. For Monday, BankNifty has to sustain above 46250 for further upside which can take BankNifty towards 46380 and upper marked levels. On the other side, if BankNifty breaks 45890 on downside, we expect to see 45780 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 46250 Sell Below - 45890 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 prediction for tomorrow 05 FEB 24As we discussed, Banknifty touched Target 1 and then fell from there. Now, if we look at the charts , The market is making a rectangular pattern in an uptrend; now, it has broken to the downside. Also, we have 200 EMA support here. Banknifty is sitting in a make-and-break situation. It might take support, but if we look at RSI, bulls do not have strength. Also, the last 5 candles were intensely selling volume candles, which indicates the market will go bearish in upcoming sessions. OI data: PCR = 0.70 indicates the neutral behavior of the market. 46000 is the MaxPain. If it breaks to the downside, the next level of support is 45400. Also, on the upside, 46500 is a strong level of resistance. FII & DII data: FII is mildly bullish, whereas PRO seems to be mildly bearish, which gives neutral market behavior. I am expecting the market to go bearish in upcoming sessions: Reasons: The Market has broken to the downside of the Uptren rectangle pattern. (Bearish) The market is at 200 EMA, which might provide support. (Bullish Hope) (Neutral) 13EMA > Price ~= 200 EMA, which indicates market direction depends on price action on 200 EMA. RSI < 40, which shows the weak bulls sign in the market. (Bearish) Price < VWAP (Bearish) OI data PCR = 0.7 indicates neutral market behaviour. (Neutral) Verdict: Neutral (Mild Bearish) Plan of Action: Observe PA at 200 EMA. If the price is below the outside rectangle, go Bearish.
NSE:BANKNIFTY
by finnova_
3
02 Feb ’24 — There is something bothering the Banks, is it PayTMBankNifty Analysis - Stance Neutral ➡️ BankNifty surprises everyone today, the meltdown first started in the banks and persisted in the banks. Nifty was near the ATH - understandable, but BankNifty is a long way from its top - so the fear of highs could not be the reason for the fall today. The price action showed something deeper is troubling the banks - is it the PayTM & RBI tussle to be blamed? Or are the unsecured short-term small-amount loans turning RED? 4mts chart Anyway, the big-boys know it better than us and soon we will all know. Unfortunately from a technical analysis perspective, we cannot plan for these events. Today’s price action shows a big RED, but a week’s data looks neutral. 63mts chart Just when BN was trying to recover from the blow on 17th and 23rd Jan, we got the RED today. The recovery from 25th Jan via bouncing off the support looked promising and when the 45399 resistance was cut through - our hopes got pinned for a bullish comeback. The charts however still show neutral trade possibilities and the support of 45399 and resistance of 47465 as the first hurdle for a directional trend.
NSE:BANKNIFTY
by viswaram
BankNifty levels - Feb 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
Bank Nifty at make Or break zone Both the indices are the make or break zone.. But when we look the bank nifty we can specially say that the bank nifty gone up for the retest of earlier breakout zone and today it slipped from there which gives strong convictions of downfall but still it is really interesting to see if bank nifty doesn't close below the make or break zone then we will not go for bear trade but if bank nifty daily candle break and close below that zone then we can see great downfall in the indices in near future .... Educational purpose only ....
NSE:BANKNIFTY
by Influitive_Capital
TRADE IDEA BANKNIFTY FOLLOWING A STRONG TREND LINETRADE IDEA BANKNIFTY FOLLOWING A STRONG TREND LINE The BANKNIFTY following a strong trend line It's look like follow more Duee to bullish momentum is showing on day chat hense it looks like follow the trendline If it's follow s Then the possible resistance Or target lables are mentioned In the graph TRADE IDEA BANKNIFTY FOLLOWING A STRONG TREND LINE The BANKNIFTY following a strong trend line It's look like follow more Duee to bullish momentum is showing on day chat hense it looks like follow the trendline If it's follow s Then the possible resistance Or target lables are mentioned In the graph
NSE:BANKNIFTYLong
by tradergyan01
BankNifty levels - Feb 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