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Bankniftylevels

BankNifty levels - Jan 10, 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 09 Jan 2023BANKNIFTY Intraday Trade Setup For 09 Jan 2023 Sell_1- From 47930 Invalid-Above 48040 T- 47650 47400 Sell_2- Below 47380 Invalid-Above 47490 T- 46920 46635 BANKNIFTY has closed on a bold bullish note with 1.47% cut today. Sell triggered as per trade setup below 47820 and hit 1st target EOD (47820-47390). On a flat opening below today's low there an be another round of selling. Index may do a CIP structure in weekly TF , CIP support will 46300 zone. Incase it opens gap up and testes 47930 then we will short from there. Best trade will be short below day low on flat opening. Hourly support is 46900. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 47380 then we will short for the target of 46920 and 46635 (extreme). 2nd sell can be opened from 47930 in case of fat opening or gap up. T- 47650 and 47400. 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
1
#Banknifty directions and levels for JAN 9th."Good morning, friends! Here are the directions for January 9th: The global market sentiment remains moderately bearish, supported by the Dow Jones, while our local market sentiment reflects a similar trend. It might open with a gap-up start, as indicated by Giftnifty showing a +120. If the gap-up sustains, our minimum target is 38%. Should it break, a pullback is likely to continue, reaching levels of 50% and 61%. On the other hand, if it rejects around 38% or the gap-up doesn't sustain, we can expect a correction. Continuation will only occur if it breaks the immediate support level."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY prediction for tomorrow 9 Jan 24As we discussed yesterday, Banknifty could not break to the upside. it stayed inside and fell heavily. As looking at the chart structure has broken outside the pattern to the downside. I am expecting it to fall more till level 46950. also, OI data PCR = 0.60 shows super Bearishness in the market. You can see the OI chart, which shows the MAXPAIN 47500. If it breaks to the downside, then a big fall directly to level 47950 is achievable. My View will be Bearish for tomorrow. Reasons: The chart has broken to the downside, which shows a super bearish structure. (Bearish) OI data shows PCR = 0.6, which is assumed to be the bearish market condition. Today, CE was added in large quantities, which can be seen in the daily OI change. (Bearish) RSI has dropped to the bearish zone (<40), which shows very weak bulls in the market. Price < EMAs that shows price is weaker; Supply > Demand (Bearish). 47450 might be acting as price action support, but as the selling pressure for today was quite high, it's less probable that the market will hold that level. Bears activate your trade once the 47500 level is clear. Try to avoid making an early entry. Verdict: Bearish Plan of action: Bearish if it Breaks the 47500 level to the downside; otherwise, wait for PA at 47500. Note: PA = Price Action
NSE:BANKNIFTYShort
by finnova_
Banknifty weekly & intraday levels for 08/01/24.Inside candle is formed on the weekly charts and Banknifty has closed only 130 points lower. There is a doji week and daily candle. 47400 is a major support level on the daily close. If market starts closing below it there will be a M pattern formtaion and selling can happen. Currently, it has closed around 61.8% daily fib. Reversal or bearish trades for intraday can be initiated as per the price action around the level. Major bearish targets. :- 47810, 47560 Trailing SL should be taken in a bearish trades for holding as there can be chance of it being a winning trade. Resistance :- 48380-400, 48620 47810-48400 is a no trading zone for tomorrow, if the market takes a halt between the levels there will be a time decay in the option. Short OTM strangle can be created while rolling up or down the leg. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
BankNifty levels - Jan 9, 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 08 Jan 2023BANKNIFTY Intraday Trade Setup For 08 Jan 2023 Bullish-Above 48400 Invalid-Below 48290 T- 48730 49150 Bearish-Below 47820 Invalid-Above 47930 T- 47370 46900 BANKNIFTY has closed almost on a flat note with minor cut of 0.28% last week. Since last 4 weeks index has been in consolidation mode. Last week was another contraction week where it has formed an inside candle. Index will rally above the recent high of 48650. It will initiate a move towards 45k. 47480 is an important hourly swing low below which a downside journey will start. In between 48650 and 47480 index will be sideways more or less. 48400 and 47820 are important levels for next session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48400 then we will long for the target of 48730 and 49548. For selling we need a 15 Min candle close below 47820. T- 47370 and 46900. 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 - 08/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 08/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 48030 – 48050 Important Support and Resistance for the Day... Support - Resistance - Support-1: 48040 Resistance-1: 48260 Support-2: 47890 Resistance-2: 48380 Support-3: 47800 Resistance-3: 48550 Big-Support: 47500 Big- Resistance: 48700 ____________________________________________ 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 FOR 08 JANResistance Level- Resistance 1: 48185 Resistance 2: 48373 Resistance 3: 48594.45 Support Level- Support 1: 47887 Support 1: 47677 Between 47887 to 48373 don't aggressive . After 48372 breakout you can see a good move till at least 48594 level . Scenario Happen: Market will open between 47887 - 48373 then it will be side base market. If open below trendline ( near 47897 )then a down move we can see till 47677 level. If open near about 48400 and make green candle then wait for settle between 48373-48400. we will bullish for intraday basis.
NSE:BANKNIFTY
by KaustavHazra
Banknifty Prediction for tomorrow 8th Jan 24Last, we discussed Bank Nifty on the 3rd of January. It took very nice support from there and gave a very nice target, as expected. For tomorrow, as we can see from the charts, it has prepared an inverted HNS pattern. If that breaks to the upside, it's going to give us a very good target of 49000. But on the other hand, it might also take resistance from here and again test the 200 EMA to the downside. But by looking at the trend strength, there are more chances to break to the upside. If it breaks to the upside, we can go bullish; else, play neutral unless some sign of bearishness is there. Key Points: It's making an Inverted HNS pattern. If it breaks to the upside, it will give a nice target of 49000. (Bullish) Price > EMA(13,50,200) which shows price have strength. The bulls are in control. (Bullish) EMA(13,50) crossover shows bullishness in the Market. RSI ~ 50 increasing continuously; if it breaks 60 to the upside, it will enter into the bullish zone, and good momentum can be expected. OI data PCR = 0.7 raises some concerns about the bullish momentum; wait for it to go more than 0.85. Then you can enter the bull side. upper trendline can provide rejection as it activated sellers in the last 30 min. It may provide resistance. Verdict: If it Breaks the HNS neckline (Trendline) to the upside, go Bullish. Plan of Action: If break successful Sell 48200 PE + Buy 46900 PE (For protection + Hedge in worst case) + Buy 48100 CE (To capture Bull momentum)
NSE:BANKNIFTYLong
by finnova_
BankNifty Intraday Trade Setup | 8th Jan '24Today BankNifty opened with a gap-up above our buy level of 48250 and struggled at upper levels, we saw profit booking around 48400. BankNifty triggered our sell level 47950 and hit the 1st target. For Monday, BankNifty has to sustain above 48450 for further upside which can take BankNifty towards 48570 and upper levels. On the other side, if BankNifty breaks 47950 again on downside, we expect to see 47840 and below marked levels on the chart. Between this zone, trading will be tricky so better to avoid. Expectations: Volatile day. Intraday Levels: Buy Above - 48450 Sell Below - 47950 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 | 5th Jan '24Today BankNifty opened with a gap-up above our buy level of 47800 and gave rally towards 48280 hitting all our targets on the buy side. BankNifty is looking bullish for tomorrow and positional basis until trading above 48250. For tomorrow, if BankNifty breaks 48250 on the upside, we expect to see 48370 and upper marked levels. On the other side, if BankNifty breaks 47950 on downside, we expect to see more selling towards 47830 and below marked levels on the chart. Expectations: Trending day. Intraday Levels: Buy Above - 48250 Sell Below - 47950 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 levels - Jan 8, 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 Jan 5thBanknifty also opens neutrally based on Giftnifty's indication. Should it experience a pullback, it might reach 48391, entering the supply zone. Structurally, this marks a sub-wave 3rd continuation. If it rejects either 48391 or the supply zone, a minor 4th correctional wave might occur, ranging from 23% to 38% Fibonacci correction. Once the 4th wave completes (with support around 38%, displaying a three-wave structure), we can expect the 5th impulsive wave (pullback wave). Bearish perspective: Even if it opens with a gap-down, considering it as a 4th correctional wave, we can follow the previous statement. The crucial aspect here is if it breaches the 38% Fibonacci level, it might enter a range market between yesterday's high and the previous low.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 05 Jan 2023BANKNIFTY Intraday Trade Setup For 05 Jan 2023 Bullish-Above 48290 Invalid-Below 48180 T- 48589 48920 Bearish-Below 47940 Invalid-Above 48050 T- 47620 47259 BANKNIFTY has closed on a bullish note with more than 1% gain today. Buy triggered as per trade setup above 47800 and hit first target very smoothly. Trade gave more than 400 points gain. Momentum was quite strong which tells that the current trend is in buyers hand, just check the last 2 days momentum in the downside. Tomorrow once again there can be good bullish move above 48290. For a bearish action it has to sustain below 47940. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 48290 then we will long for the target of 48590 and 48920. For selling we need a 15 Min candle close below 47940. T- 47620 and 47260. 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 - 05/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 05/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 48070 – 48090 Important Support and Resistance for the Day... Support - Resistance - Support-1: 48090 Resistance-1: 48420 Support-2: 47965 Resistance-2: 48500 Support-3: 47800 Resistance-3: 48600 Big-Support: 47500 Big- Resistance: 48600 ____________________________________________ 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 | 4th Jan '24BankNifty opened flat today and after making a low around 47480 in first 30 mins it remained in a range to eat premium as today it was a weekly expiry for BankNifty. For tomorrow, if BankNifty breaks 47450 on the downside, we expect to see 47320 and below levels marked. On the other side, if BankNifty sustains above 47800 we expect to see an upmove towards 47900 and upper marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 47800 Sell Below - 47450 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
BankNifty levels - Jan 5, 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 MATHEMATICAL LEVELS FOR CURRENT 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