Banknifty Levels 03 Sep 24Banknifty sustains above 51411 then 51550 is possible. If banknifty breaks 51268 then 51126 is possible.
Bankniftyoptiontradingstrategy
Bank Nifty 04-07-2024 AnalysisHello Traders, Welcome to SriTrader5121
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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
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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.
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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.
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48900 CE 16th April Contract Always remember option is a zero sum game, so please follow strict stoploss, never trade option buying without Stop loss, or hedge position.
Banknifty 47400 PE 31st Feb Contract Please draw these levels in your trading , due to non availability of option data in tradingview , i uploaded png file.
Banknifty 47000 CE 21st Feb Contract Please draw these levels in your trading , due to non availability of option data in tradingview , i uploaded png file.
Banknifty daily analysis for 25/08/23.Banknifty has given a flat closing after a gap up opening of more than 200 points and unable to close above the 20 ema.
On the hourly charts, there was a sell off after the first hour candle and the trend continued and started trading below 200 ema in the second half.
Dow Jones is also trading in red. Indian market may also be bearish in short term.
The market has closed between both the moving averages on 15 minute charts.
Banknifty has given a nice rally and looks stronger than nifty.
Support :- 44450, 44310, 44100
Resistance :- 44900, 45080
Market tried to touch 45000 but the seller took market 500 point down from day's high. There are support for market and if the last support level 43580 is breached in the coming week, there are high chance of market carrying a bearish trend.
Wait for the price action near the levels before entering the market.
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Looking for profitable Options trading opportunities for the week of 24th Aug-25th In this Blog I'll be sharing the option buying and selling levels for Banknifty for the week 24th Aug 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level.
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
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Looking for profitable Options trading opportunities for the week of 14th Aug-18th August 2023. In this video, I'll be sharing the option buying and selling levels for Nifty50, Banknifty & Finnifty for the week 14th Aug-18th August 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level.
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
Banknifty daily analysis for 10/08/23.Banknifty tested lower levels but has closed in the same range as the previous 2 days.
On the hourly charts, it has again closed between both the moving averages. It gained 200 points in the last hour signifying some bullish movement in coming days.
Both buyer and seller took charge today. Seller where in control in the first half of the session but buyer pushed market back giving closed only 80 points lower.
Dragon fly doji on the daily charts and closed near 44900 levels is something buyer where looking for.
An inside candle has been formed on 4 hours charts. Watch for market to cross and start trading above today's high.
Market gave an unpredictable move in the second half.
Support :- 44580, 44310
Resistance :- 45090, 45280, 45500
The market has created a huge range in which it traded today. Avoid trading between today range.
Wait for the price action near the levels before entering the market.
Banknifty daily analysis for 09/08/23.Banknifty has been trading between 38.2% to 50% fibonacci level and remained volatile whole day.
The market is taking serious resistance from 45k level and today also it tried to cross the level and reversed after hitting the resistance zone of 45100 level.
On the hourly chart, banknifty remained between both the moving averages and gave dji after doji.
Trend is still not decided for the short term and the long term too. This can be a retracement of the major trend or it can be a start of a short term bear market.
Sideway market is killing option buyer as both option are losing theta value.
On 15 minutes chart, 20 ema gave a nice support to the market and it has been tested constantly. If the market starts trading below it and breached the support levels of 44800, enter bearish trades as there are chance of hitting big targets.
Support :-44800, 44625
Resistance :- 45100, 45500
44800-45100 range is a no trading zone as the market is volatile in this range and no clear trend is there between the levels. Option buyers avoid trading between this range but option seller can create short strangle.
Wait for the price action near the levels before entering the market.
Banknifty weekly analysis for 07/08/23.Banknifty in the last week has traded below the previous swing low and is taking resistance from 50% fibonacci levels.
It has closed 590 points lower on the weekly charts. The market gave a nice fall in 2 trading session and in the last trading session tried to sustain above 45k level but couldn't.
The market on the daily charts, is giving doji after doji and has closed around 44900 levels.
Banknifty tried to sustain near the new high but seller overtook the buyer and brought market to test 44300 levels losing 1100 point in just two tradin session.
On the daily chart, market had started trading below the 20 ema and has closed below it too. It has started forming lower low lower high formation and chance of testing lower levels is high.
Market cycle is of sell on rise for the short term. Banknifty formed a nice bearish flag patter before and gave nice targets.
On the hourly charts, market has formed a bearish moving averages cross over and has closed below both the moving averages.
Support :- 44620, 44310
Resistance :- 45080, 45500
The lower low lower high formation can be followed by the market in the coming week. Watch to sell the market on high with confirmation.
Wait for the price action near the levels before entering the market.
Banknifty daily analysis for 04/08/23.Banknifty in 2 days have lost more than 1000 points and today has given a doji candle after testing 44300 levels.
On the hourly charts, a bearish moving averages cross over has been formed. Banknifty has given a nice fall and can take halt for a day before giving a fall.
Market now after 1000 points fall may take a halt or retest before another fall.
On 15 minutes chart, there was a serious rejection from 20 ema and gave 600 point move after getting resistance from the levels. It has closed near the 20 ema.
Support :- 44270, 43960
Resistance :- 44750, 45090
Today being a weekly expiry market reversed from 44300 levels and gave a up move of 230 points.
Wait for the price action near the levels before entering the market.
Banknifty daily analysis for 28/07/23.For the last 6 trading day banknifty has been trading inside a range and today it has formed a bearish engulfing candle.
Banknifty is taking support from 45600 levels and has been tested many times. If the levels is breached and market starts trading below the levels, there are high chances of market testing 45200 levels.
On the hourly charts, not a single green candle is formed and market has closed below the 20 ema.
The market fall indicates some negative trend form short term. 38.2% fibonacci levels are giving market some support, below the level Banknifty can test 61.2% (golden ratio) fibonacci levels.
Support :- 45630, 45350
Resistance :- 45850, 46070
RSI indicator is showing some bearish divergence on the daily time frame and there are chance of market retesting lower levels.
Wait for the price action near the levels before entering the market.
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Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
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Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
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Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
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Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
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Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
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Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
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Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
NiftyBank Key Trading Levels for 21st April 2023
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Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
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Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
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Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision.
