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Bankniftyoptions

Bank Nifty 03-07-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5200## and 5150# Major Resistance - Around 5300## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 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 purposes and a helping hand to learn trading in the 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 the respective zone and 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 the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
2
Bank Nifty 02-07-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5200## Major Resistance - Around 5300## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 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 purposes and a helping hand to learn trading in the 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 the respective zone and 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 the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY prediction for tomorrow 2nd JULYAs we discussed, BANKNIFTY opened a gap-down and took a reversal till EMA(50) and spent sideways in 2nd half. If we look at the chart now: The market has taken resistance again at 50 EMA (30-min TF). Right now, the market is consolidating in the marked channel. I expect the market to consolidate one more day, and as it is forming a FLAG and POLE structure, it is upside going to give momentum till 53500 as a target. Also, the market is in the process of forming HNS at the top, which might lead to a fall. The market is probably going in both directions. Support levels: 52181, 51809, and 200 EMA and 51295 Resistance levels: 53009, 53500 If we look at the OI data: PCR = 0.87, which has changed from 0.64, shows bulls are increasing their position and bears wind off some of their positions. 52500 is Max-pain. 53000 is the strong resistance level, with maximum CE writing, and 52000 has strong PE writing, which is going to provide strong support. The market does not have a clear direction on either side. It breaks will give nice momentum. Reason: RSI ~ 40-60 indicates sideways momentum. Price > EMA(13,50,200) shows bullish structure. PCR = 0.87 shows that the market is mildly bearish. Price > VWAP shows a bullish market structure. Verdict: Sideways or Bullish Plan of action: wait for the market to break on either side. Sell 52500 CE and Sell 52500 PE (Hedge it with 20/- premium); exit a loss-making position once it breaks.
NSE:BANKNIFTY
by finnova_
BANKNIFTY predeiction for today 01 JULYAs we discussed, BANKNIFTY opened sideways and retested 53000 levels, which started to fall and gave a nice bearish momentum. If we look at the chart now: The market has broken the resistance to the downside with a good bearish momentum. Support levels: 52023, 51830, and 200 EMA Resistance levels: 50 EMA, 52403, 52689 If we look at the OI data: PCR = 0.64, which has changed from 1.32, shows bears are making their position and selling high points. So, some correction can be expected here. 53500 is Max-Pain. I am expecting a correction in the market till 200 EMA. Reason: RSI < 40 falling and also having divergence, which might lead the market to some correction. EMA(200) < Price < EMA(13, 50), which indicates the market can take some correction till 200 EMA. PCR = 0.64, which shows that the market is strongly Bearish. Price < VWAP shows a Bearish market structure. Verdict: Sideways or Bearish Plan of action: wait for 15 min candle. Let the market take resistance at 13 EMA or 50 EMA. Once you see the direction bearish. Sell 52400 CE (Hedge it with 20/- premium)
NSE:BANKNIFTYShort
by finnova_
Bank Nifty 01-07-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5200## Major Resistance - Around 5300## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 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 purposes and a helping hand to learn trading in the 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 the respective zone and 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 the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Bank Nifty 01-07-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5200## Major Resistance - Around 5300## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 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 purposes and a helping hand to learn trading in the 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 the respective zone and 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 the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Banknifty weekly analysis for 24/06/24.Banknifty on the weekly charts has given a good bullish candle and created a new life time high. It is holding the higher levels and on the monthly candle it has already given a 5% move. Nifty is taking a halt while banknifty is trading on the higher levels. The index has been trading around the same levels for the last 2 trading sessions. In case of a break down, it can test the lower levels around 50k. While the market has travelled to higher levels, there must be a retracement before another bullish leg. Support levels :- 51200, 50730, 50200 Resistance levels :- 51860, 51930-50 Bullish trades are risky as the market is trading in an uncharts zone and can reverse from any level (even the ATH is around 52k level). Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty prediction for tomorrow 27 JUNAs we discussed, BANKNIFTY opened sideways and went bearish for 1 hour. After that, it started recovering and touched 52990, almost near the given target, and fell in the last hour. If we look at the chart now: The market is trading at an all-time high. In the last 30 minutes, the market made correction. I am expecting some more corrections in upcoming trading sessions. Support levels: 52393, 50 EMA, and 51830 Resistance levels: 53000 and 53500 If we look at the OI data: PCR = 1.32, which has changed from 1.61, shows bears are making their position in the 53000 level. So, some correction can be expected here. 53000 is Max-Pain. On the lower side, 52500 has good PE writing, and on the higher level, 53500 has good CE writing. That market has a huge range to move, which might lead the market to good volatility. I am expecting a volatile move in the range of 52393 - 53000. Reason: RSI = 60 falling and also having divergence, which might lead the market to some correction. Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.32, which shows the market is strongly bullish. Price > VWAP shows a bull market structure. Verdict: Sideways or Bullish Plan of action: Sell 52850 CE and Sell 52850 PE (Hedge it with 20/- premium) Exit opposite position; either side of the market breaks.
NSE:BANKNIFTY
by finnova_
1
Bank Nifty 27-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5200## Major Resistance - Around 5300## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 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 purposes and a helping hand to learn trading in the 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 the respective zone and 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 the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Bank Nifty 26-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 519## Major Resistance - Around 529## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 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 purposes and a helping hand to learn trading in the 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 the respective zone and 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 the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY Prediction for tomorrow 26 JunAs we discussed, BANKNIFTY opened a side gap down and then gave a really nice bullish momentum to the upside. If we look at the chart now: The market has broken an all-time high and is going HH. I am expecting the market to move further upward till the 53000 as of now. Support levels: 52000, 51255, and 50494 resistance levels: 53185 and 54163 If we look at the OI data: PCR = 1.61, which has changed from 1.09, shows the very bullish nature of the market. Today, all CE seller exited their positions on lower levels. And new PE additions have been made on the lower side. 52500 is Max-pain. There is not a good resistance level on the higher side till 53000 right now. I am expecting the market to move with good volatility in the range of 52000-53185. Reason: RSI = 70, showing divergence, which might lead it to a sideways market. Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.33, which shows the market is strongly bullish. Price > VWAP shows a bull market structure. Verdict: Sideways or Bullish Plan of action: Sell 53000 CE and Sell 52000 PE (Hedge it with 20/- premium CE) Tomorrow is the expiry of trade with caution. There might be big fluctuations in the options premiums.
NSE:BANKNIFTY
by finnova_
Banknifty analysis for tomorrow 24 Jun As we discussed, BANKNIFTY opened high at resistance and fell to 50 EMA. I also updated the chart during the day to protect profits. After that, it became a roller coaster having a sideways wild move. If we look at the chart now: The market is having huge volatility, taking support at 50 EMA again and again, which shows a healthy bullish structure. Support levels: 51275 and 50723 resistance levels: 51833 and 52400 If we look at the OI data: PCR = 1.08, which has changed from 1.09, shows mostly profit booking on both sides of the market. If we look at the last 2 hours, there was only CE and PE windoff. CE winding off was much larger than PE windoff. 51500 is working as max-pain. 52000 and 52500 have huge CE writing, and on lower levels, 51000 is going to provide very nice support as it has huge PE writing. If we look at CE writing, it is way more than PE writing today. I am expecting the market: Case 1 : Sideways in range 51275 - 51833 . Case 2 : Go with the breakout on either side; it breaks. Reason: RSI 40-60 indicating sideways momentum; Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.08, which shows the market is still in the bull's favor. Price > VWAP shows a bull market structure. Verdict: Sideways or Bullish Case 1 : Sideways in the range 51275 - 51833. Case 2 : Go with the breakout on either side; it breaks. Plan of action: Case 1 : Sideways-> Sell 51500 CE and 51500 PE (Hedge it with 20/- premium CE) Case 2 : Exit the opposite position on either side. It breaks the range.
NSE:BANKNIFTY
by finnova_
Bank Nifty 25-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 511## Major Resistance - Around 519## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 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 purposes and a helping hand to learn trading in the 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 the respective zone and 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 the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Bank Nifty 24-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5100# Major Resistance - Around 5200# See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 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 purposes and a helping hand to learn trading in the 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 the respective zone and 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 the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY analysis for today 21 JUNAs we discussed, BANKNIFTY was in the sideways channel today, If we look at the chart now: The market had a bearish momentum from resistance initially, but after that, it took support and went high till the given level. Support levels: 51163, 50485, and 49700 or 200 EMA resistance levels: 51836 and 52450 If we look at the OI data: PCR = 1.09, which has decreased from 1.34, shows a bearish sign in the market. 50450 is working as max-pain. There has been a huge CE Writing at 51400 and 51500. I am expecting the market: Case 1 : Sideways in range 51163-51836. Case 2 : Bearish if breaks to downside. Reason: RSI > 50 is showing divergence, which might lead to some corrections. Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.09, which has decreased from 1.34, shows a bearish market. Price> VWAP shows a bull market structure. Verdict: Sideways or Bearish Case 1 : Sideways in range 51163-51836. Case 2 : Bearish if it breaks the 51163 to the downside. Plan of action: Case 1 : Sideways-> Sell 51500 CE and 51500 PE (Hedge it with 20/- premium CE) Case 2 : Bearish: Keep Sell 51500 CE (Hedge it with 20/- premium CE)
NSE:BANKNIFTY
by finnova_
1
20 Jun 2024 Govt. planning to raise taxes, help retail traders??BankNifty Stance Bullish ⬆️ Unlike Nifty, banknifty had more stability today but yesterday's outlier performance had its implications today. The premiums of CALL options were too pricey, which then normalized as the day progressed. Do not really know how the banks have so much of a firepower to keep going up, we are at the top and the banks are hungry for more. From a macro perspective, we have two news speculations/rumors going around Govt. of India is planning to increase taxation to prevent HFTs and Algo firms from exploiting the retail traders. Govt. of India is planning to increase taxes on FnO, and make it a speculative model (similar to lottery and crypto) to discourage retail traders from losing. I see the Govt. being opportunistic and raising the taxes by sugar coating the narratives. Too much of taxes will spoil this industry and the main thing that got the current government re-elected was the perception of the Indian economy through the lens of stock markets. The stance on BN continues to be bullish, we are all actively watching the space to know when we run out of steam - till then the dance should not stop.
NSE:BANKNIFTYLong
by viswaram
Bank Nifty 21-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5050## Major Resistance - Around 5210## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 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 purposes and a helping hand to learn trading in the 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 the respective zone and 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 the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY live prediction for today 20 Jun 24As we discussed, BANKNIFTY was in the upside channel today, breaking the resistance to the upside and giving a really good bullish momentum. If we look at the chart now: The market had a really good bull run with huge volatility, as it had huge momentum yesterday. The market is going to have the same volatility again today. The market had a really good bullish run, breaking all the levels to the upside. We get higher levels using Fib extension. Support levels: 51163, 50485, and 49700 or 200 EMA resistance levels: 51836 and 52450 If we look at the OI data: PCR = 1.09, which has decreased from 1.34, shows a bearish sign in the market. 50450 is working as max-pain. There has been a huge CE Writing at 51400 and 51500. I am expecting the market: Case 1 : Sideways in range 51163-51836. Case 2 : Bearish if breaks to downside. Reason: RSI > 50 is showing divergence, which might lead to some corrections. Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.09, which has decreased from 1.34, shows a bearish market. Price> VWAP shows a bull market structure. Verdict: Sideways or Bearish Case 1 : Sideways in range 51163-51836. Case 2 : Bearish if it breaks the 51163 to the downside. Plan of action: Case 1 : Sideways-> Sell 51500 CE and 51500 PE (Hedge it with 20/- premium CE) Case 2 : Bearish: Keep Sell 51500 CE (Hedge it with 20/- premium CE)
NSE:BANKNIFTY
by finnova_