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Bankniftyprediction

HUGE SELLING ON CARDS IN BANK NIFTY ? - SHORT TRADE VIEWSymbol - BANKNIFTY CMP 50080 BN is currently trading at a major support area which is acting as a support zone from last 7 months. This support liquidity zone has tested multiple times & there is Triple top pattern is formed. I am expecting breakdown of this support zone in near future which will trigger huge selling in bank nifty & bank nifty may correct 8-10% from current price. Hence I am creating short positions Bank Nifty Futures at CMP around 50100 I will add more position around 50500 - 50700 area & I will add more position on breakdown of 49500 - 49400 area as well. SL I am following is above 51K. Target I am expecting is 49600 & below. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BANKNIFTYShort
by akshit_official
Banknifty analysis for tomorrow 03 JAN 25As we discussed, Bankanifty has been bullish today. If we look at the chart now: The market is trading at the resistance level. As the market has been very bullish today, it might have a consolidation tomorrow before the big bullish momentum to the upside. All important levels have been marked on the chart. Support levels : 50 EMA, 51123, 50650 Resistance levels : 51639, 200 EMA, 51442 (minor), 52408, . If we look at the OI data: PCR = 1.1, Which shows a good bullish market structure. 51500, 51000 has good PE writing, which will provide good support. On the upper side, 52000 has good CE writing, which is going to provide a good resistance level. I am expecting the market to be bullish in upcoming sessions. Reason: Price > EMAs shows a Bullish market structure. PCR = 1.1 shows that the market is bullish. RSI = 67, showing the bullish market structure. Price > VWAP shows the market is bearish right now. Verdict : Sideways or Bullish Plan of action: Sell 51600 CE and Sell 51600 PE (Hedge position) adjust according to the price action on given levels.
NSE:BANKNIFTYLong
by finnova_
#Banknifty directions and levels for December 24th.Current View: The current view suggests that if the initial market takes a pullback after some decline or if it opens with a gap-up, then we can expect a continuation of the pullback. Structurally, the 38% retracement could be a major resistance in this variation. As per the wave structure, it is unlikely to go beyond this level. If you find any reversal confirmation, we can consider entering a short position. Conversely, if the pullback breaks the 38% level, it could extend to the next resistance level. This is the basic structure. Alternate View: The alternate view suggests that if the gap-down sustains, we can expect a correction to the previous bottom. Until the bottom is broken, the market sentiment could remain range-bound. If it breaks, we can consider that a 5th correctional wave.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Prediction for tomorrow 24 Dec 24As we discussed Bankanifty, Bankanifty opened up +220 points and ended up sideways the whole day. If we look at the chart now: The market is trading at 1H-TF 0.618 fib level, which is a good point to support. It also did hold today nicely. Support levels : 51138, 50719. Resistance levels : 51762, 50 EMA and 200 EMA . If we look at the OI data: PCR = 0.6, which has increased from 0.5, shows bulls are adding PE in lower levels. The market has good PE writing at 51000, which is going to provide good support, and 51500 is going to provide good resistance as having very nice CE writing on a higher level. I have neutral behavior in the market. Reason: Price < EMAs shows bearish market structure. PCR = 0.6 shows that the market is bearish. RSI is 40 - 60, showing the sideways market structure. Price < VWAP shows the market is bearish right now. the market is trading at 0.618 fib level, which can be a good support point. Verdict : Sideways Plan of action: Sell 51500 CE and Sell 51500 PE (Hedge position) adjust according to the price action on given levels.
NSE:BANKNIFTY
by finnova_
BANKNIFTY prediction for 29 Dec 24As we discussed yesterday, the market opened at -500 points and spent whole days sideways volatile moment. If we look at the chart now: The market is trading at 1H-TF 0.618 fib level, which is a good point to support. It also did hold today nicely. Support levels : 51138, 50719. Resistance levels : 52075, 52378, and 52833 . If we look at the OI data: PCR = 0.5, which has decreased from 0.9, shows bearish market behavior. The market has good CE and PE writing at 51500, which is going to provide maximum pain. On higher levels, the market has good CE writing at 52000 and 52500, which is going to provide a very good resistance point. On Lover, levels 51500 and 51000 have good PE writing, which is going to provide good support. I have neutral behavior in the market. Reason: Price < EMAs shows bearish market structure. PCR = 0.5 shows that the market is bearish. RSI < 40 shows the strength of a weak bull. Price < VWAP shows the market is bearish right now. the market is trading at 0.618 fib level, which can be a good support point. Verdict : Neutral Plan of action: Sell 51500 CE and Sell 51500 PE (Hedge position) adjust according to the price action on given levels.
NSE:BANKNIFTY
by finnova_
BANKNIFTY: INSTITUTIONAL LEVELS FOR 18/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
6
Banknifty Analysis for tomorrow 17 Dec 24As we discussed yesterday, the market was sideways as it could not break the resistance level. If we look at the chart now: The market is in a sideways zone and expected to have a bullish bias. If Liquidy Grab came, it might also touch 53300. However, the market is not Bearish right now unless it breaks the support (53300) to the downside. It is a sideways area in the orange region, and it is bullish in the green region. Support levels : 50 EMA, 53300, 52980, 200 EMA Resistance levels : 53724, 24290 If we look at the OI data: PCR = 0.9 (unchanged) shows bullish market behavior. There has been good PE writing at 53500, which is going to provide a good support level. Also, 53500 has good CE writing, which might hold the level for a bit. The next good resistance is 54000. I am expecting the market to be bullish (if breaks upside) in upcoming sessions. Reason: The market has broken the upside in the channel-making flag and pole structure. PCR = 0.9 shows that the Market is Bullish. RSI ~ 60 shows a Bullish structure. Price > VWAP shows the market is bearish right now. Price is trading in the mother bar candle zone, which is going to be sideways. Once it's broken, it can give nice bullish momentum. Verdict : Sideways in region or Bullish if breaks 53750 to upside. Plan of action: Inside sideways Zone IRON CONDOR, if breaks 53750 go BULLISH.
NSE:BANKNIFTY
by finnova_
BANKNIFTY: INSTITUTIONAL LEVELS FOR 13/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
4
Banknifty analysis for 13 Dec - Getting ready for BullsAs Banknifty is trading in the accumulating channel, the market is getting ready for the bulls. If we look at the chart now: The market is trading at the 1H-TF support 50-EMA. The Price is trading below the ema(13, 50) and above 200. EMA shows the market is in a sideways phase. The market might take support here, as it is at the lower level of the channel and 200 EMA (15-min TF) Support levels : 53170, 200 EMA (15H-TF), 52906 Resistance levels : 53607, 53821, 54291 If we look at the OI data: PCR = 0.9 shows bullish market behavior. There has been good PE writing at 53000, which is going to provide a good support level. Also, the upper side 53500 has good CE writing. I am expecting the market to be bullish in upcoming sessions. Reason: market is accumulating in the channel-making flag and pole structure. PCR = 0.9 shows that the Market is Bullish. RSI 40-60 shows a sideways structure. Price < VWAP shows the market is bearish right now. Price is trading in the mother bar candle zone, which is going to be sideways. Verdict : Sideways or Bullish Plan of action: Sideways: wait for the market to break out of the channel. Inside the channel, you can channel range and play iron condor.
NSE:BANKNIFTYLong
by finnova_
#Banknifty directions and levels for December 11th.Bank Nifty Current View: The current view for Bank Nifty indicates that if the market initially declines, it could reach a minimum of 53370 to the minor demand zone. After that, if it consolidates or breaks this level, then the correction will likely continue. Alternate View: The alternate view is similar to the Nifty sentiment. If the market initially pulls back and breaks the channel to the upside, it could reach 53747 and the minor supply zone. Both are major resistance levels, so if the market sustains or breaks this level, we can expect further pullback continuation. Conversely, if it rejects at these levels, the rally will likely continue.
NSE:BANKNIFTY
by Manickamtraders
#Banknifty directions and levels for December 10th.Bank Nifty Current View: The sentiment for Bank Nifty looks similar to that of Nifty. If the market takes an initial pullback, it could reach the supply zone, which is a major resistance. If it breaks this resistance, we can expect the next target to be 54,234. On the other hand, if it doesn’t break this level, the range market will likely continue. Alternate View: The alternate view suggests that if the market initially declines, it could reach the 38% Fibonacci level, which is a major support level. Until this support is broken, the market will maintain a range; if it breaks this level, we can expect a correction.
NSE:BANKNIFTY
by Manickamtraders
#Banknifty directions and levels for December 9th.Bank Nifty Current View: The sentiment for Bank Nifty looks similar to that of Nifty. If the market takes an initial pullback, it could reach the supply zone, which is a major resistance. If it breaks this resistance, we can expect the next target to be 54,234. On the other hand, if it doesn’t break this level, the range market will likely continue. Alternate View: The alternate view suggests that if the gap-down sustains, it could reach the 38% Fibonacci level, which is a major support level. Until this support is broken, the market will maintain a range. If it breaks this level, we can expect a correction.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY: INSTITUTIONAL LEVELS FOR 09/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
BANKNIFTY: INSTITUTIONAL LEVELS FOR 06/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
BANKNIFTY: INSTITUTIONAL LEVELS FOR 04/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
BANKNIFTY: INSTITUTIONAL LEVELS FOR 03/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
1
BANKNIFTY: INSTITUTIONAL LEVELS FOR 02/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
BEARISH FLAG IN BANK NIFTY - TIME FOR A SHORT TRADE ?Symbol - BANKNIFTY CMP 51350 BankNifty has turned its trend from bullish to bearish & sideways making lows - lows on daily time frame & It was trading in a bearish channel. We can see a Bearish Flag pattern getting formed in BankNifty. Such patterns on larger time frame don't usually fail. BankNifty is currently trading near break down trendline of this pattern. Breakdown & sustaining below this trendline zone 51150 - 51000 will get this pattern activated & we can see big target towards downside. Target on downside can be 47400 P.S. : My short position is already active from 51800 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BANKNIFTYShort
by akshit_official
3