Nifty & Bank Nifty Analysis For 28 Feb 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
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Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
#TheStockMantra #MarketAnalysis #LearnStockMarket
Bankniftyprediction
Banknifty intraday levels for weekly expiry 21/02/24.Finally, Banknifty is trading above 47k levels and a bullish trend may start in the index.
After closing in a range and forming doji candles, there is a bullish marubozu candle on the daily close. The bullish move can sustain as it consolidate before crossing the levels.
Tomorrow, if there is a gap up opening around 47200-300, there are high chance of market touching 47500 levels.
In case of a gap down, there are chance of another buying happening in 46800-950 zone.
Major support level :- 46980, 46720.
Resistance levels are far and another bullish candle can be seen in daily charts.
Resistance levels :- 47200, 47540.
Watch the market opening and trade the setup.
Let market form a price action and enter only bullish trade as bearish trades can hit the SL.
Bank Nifty analysis for 27th feb 2024If bank nifty breaks the downward channel, it may go near 47000 level.
Disclaimer: All information provided here is for educational purposes and not a recommendation. Analysis Posted here is just our view/personal study method on the stock. Do your own analysis or consult your financial advisor before making any investment decision.
BANKNIFTY Intraday Trade Setup For 27 Feb 2024BANKNIFTY Intraday Trade Setup For 27 Feb 2024
Bullish-Above 46900
Invalid-Below 46790
T- 47425 48025
Bearish-Below 46500
Invalid-Above 46610
T- 45990 45470
BANKNIFTY has closed on a bearish note with 0.5% cut today. Sell triggered as per trade setup below 46720 and gave a move till 46520, however targets were pending. Looking at last 3 daily candles if index makes the 4rth candle a green then only possibility of a bullish move is there. 46900 and 46500 are important intraday levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46900 then we will long for the target of 47425 and 48025.
For selling we need a 15 Min candle close below 46500. T- 45990 and 45470.
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.
Bank Nifty - 26/02/2024 - LevelsHello Traders, Welcome to SriTrader5121
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Bank Nifty - 26/02/2024 - Levels
IMPORTENT ZONE FOR THE DAY: 46910 – 46940
Important Support and Resistance for the Day...
Support - Resistance -
Support-1: 46725 Resistance-1: 46920
Support-2: 46600 Resistance-2: 47080
Support-3: 46480 Resistance-3: 47200
Support-4: 46390 Resistance-4: 47300
____________________________________________
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.
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SHORT FORM &FULL FORM
• 20 -> 20 EMA in Day
• Red Zones... -> Resistance-Zones
• Green Zones... -> Support-Zones
• IMP -> Important
• 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
• 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
• (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)
Nifty & Bank Nifty Analysis For 26 Feb 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
✅I hope you liked the analysis. Be sure to hit that LIKE.
👍Like | 💬Comment | 👥Share
Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
#TheStockMantra #MarketAnalysis #LearnStockMarket
BANKNIFTY Intraday Trade Setup For 26 Feb 2024BANKNIFTY Intraday Trade Setup For 26 Feb 2024
Bullish-Above 47260
Invalid-Below 47150
T- 47850 48420
Bearish-Below 46710
Invalid-Above 46820
T- 46165 45640
BANKNIFTY has closed with a very slight gain of 0.92% gain last week. Index gave a breakout of 46600 in daily TF on 20 Feb which will be still valid till 46300 is safe. However 46400 is the last swing low so below this we will get an early sign of reversal. The plotted trendline has been valid since 21 Feb, it was respected even on Friday. Now on breakout of this trendline index will give a bullish move, confirmation above 47250.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 47260 then we will long for the target of 47850 and 48420.
For selling we need a 15 Min candle close below 46710. T- 46165 and 45640.
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.
BANKNIFTY Intraday Trade Setup For 23 Feb 2024BANKNIFTY Intraday Trade Setup For 23 Feb 2024
Bullish-Above 47040
Invalid-Below 46930
T- 47690 48315
Bearish-Below 46350
Invalid-Above 46460
T- 45640
BANKNIFTY has closed with a slight cut of 0.21% today. Sell triggered as per trades setup below 46870 and gave a good move till 46430 there a sharp reversal came in the afternoon session. It has formed a Pin bar candle which caters a bullish sentiment which is followed by the daily TF current. Index has given a bullish breakout above 46600 and now we can expect a good upside momentum towards ATH. Best trade is in upside on a flat opening above today's high. 46350 is an intraday support.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47040 then we will long for the target of 47690 and 48315.
For selling we need a 15 Min candle close below 46350. T- 45640.
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.
FASP levels for Bank Nifty 23/02/2024The FASP for BankNifty is listed for 23-02-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
#Banknifty directions and level for FEB 22Banknifty structurally differs a little from Nifty, but here also, we can expect a ranging market initially if the gap-up sustains. We can expect a rally continuation only if it breaks the previous high. On the other hand, if the gap-up doesn't sustain, then we can expect a minor correction here also. After that, if it finds support around the demand zone, the ranging market might continue. However, if it consolidates or breaks the demand zone solidly, then the correction will continue further.
BANKNIFTY Intraday Trade Setup For 22 Feb 2024BANKNIFTY Intraday Trade Setup For 22 Feb 2024
Bullish-Above 47380
Invalid-Below 47270
T- 47865 48425
Bearish-Below 46870
Invalid-Above 46980
T- 46230 45640
BANKNIFTY has closed on a very slight bearish note with 0.16% cut today. Buy triggered as per trade setup above 47150 which hit sl. It was a roller coaster ride whole day. It was a Open = High day so tomorrow below today's low there can be another slide towards 46230. 46230 is a PRZ and can act as a very strong intraday support. Above today's high high will be simple bullish view with a strong momentum followed by the daily TF trend.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47380 then we will long for the target of 47865 and 48425.
For selling we need a 15 Min candle close below 46870. T- 46230 and 45640.
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.
BANKNIFTY Intraday Trade Setup For 20 Feb 2024BANKNIFTY Intraday Trade Setup For 20 Feb 2024
Bullish-Above 46720
Invalid-Below 46610
T- 47270 47760
Bearish-Below 46300
Invalid-Above 46410
T- 45700 45190
BANKNIFTY has closed with a slight gain of 0.32% gain today. Nothing triggered as per trade setup and traded between 46700 and 46300 the whole day. It tested the our daily breakout level 46600 but once again did not close above that. It has formed a spinning top candle which again caters a indecisiveness at the resistance breakout level. Tomorrow above 46720 there can be good intraday up move. Below 46300 there can be down move but strict in trailing.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46720 then we will long for the target of 47270.
For selling we need a 15 Min candle close below 46300. T- 45700 and 45190.
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.
Banknifty weekly analysis for 19/02/24.Banknifty has formed a nice bullish candle on the weekly charts and closed 750 points higher.
The market remained in a range for a while and gave a nice break out during the previous week.
In the last trading session market tried to clear the resistance levels of 46600 but couldn't clear the same and closed around 46400 levels.
Major resistance levels :- 46580, 46980-47100.
If there is a gap up opening, the market will look to test 47k levels and further test 47550.
On the bearish side the market can test the lower levels of 46k and 45700.
Anything below 45700 may seem to be a bearish move.
Major support levels :- 46040, 45700
Wait for the price action and buy on dip is the current market cycle.
Nifty is trading around the ATH while banknifty is trading short of 2000 points. It can be seen getting close to the ATH in the coming week.
BANKNIFTY Intraday Trade Setup For 19 Feb 2024BANKNIFTY Intraday Trade Setup For 19 Feb 2024
Bullish-Above 46710
Invalid-Below 46600
T- 47270 47760
Bearish-Below 46250
Invalid-Above 46360
T- 45700
BANKNIFTY has closed on a bullish note last week with 1.64% gain. Looking at the weekly setup index looks ready for a bullish move, confirmation above last swing high 46900. Coming to daily TF index has failed to close above 46600, rejected 4 times. Now if a daily candle closes above 46600 then we will try to initiate a bullish trade. On Friday it formed a shooting star candle so below 46250 we can see some down move which can be the pullback before the daily TF breakout above 46600.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46710 then we will long for the target of 47270 and 47760.
For selling we need a 15 Min candle close below 46250. T- 45700. A strong support can be found near 45650.
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.
Bank Nifty Analysis for 13th & 14th Expiry SpecialI have a bearish bias in Bank Nifty on a daily and a weekly timeframe purely based on the available liquidity pools on the sell side. Again this is purely based on price action and technical analysis using some ICT concepts. Fundamentals of underlying stocks, news and other factors may always override the technical analysis.
Let's see what happens!
#BankNifty #Index #Nifty
BANKNIFTY Intraday Trade Setup For 16 Dec 2024BANKNIFTY Intraday Trade Setup For 16 Dec 2024
Bullish-Above 46310
Invalid-Below 46200
T- 46915 47330
Bearish-Below 45740
Invalid-Above 45850
T- 45150 44650
BANKNIFTY has closed on a bullish note with 0.68% gain today. Last day we discussed that index closed on a bold bullish sentiment yesterday and chances of a continuation is high. Pullback buy scenario was also discussed however it did not trigger that and bounced from first confluence marked zone 45650 which was 0.382 of yesterday's range. Tomorrow once again we can expect bullish continuation above today's high.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46310 then we will long for the target of 46915.
For selling we need a 15 Min candle close below 45740. T- 45150 and 44650.
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.
BANKNIFTY Intraday Trade Setup For 15 Feb 2024BANKNIFTY Intraday Trade Setup For 15 Feb 2024
Buy_1-Above 46200
Invalid-Below 46090
T- 46710 47250
Buy_2- From 45350
Invalid-Below 45240
T- 45915 46250
BANKNIFTY has closed on a bullish note with 0.89% gain today. It was a mad bull day to be precise in terms of momentum. It opened with big gap down today and 10 o'clock range was to be used as per trade setup, which broke upside above 45220 and made a high of 46170. With such a bold sentiment tomorrow if we dip towards 45350 by any chance it will be a buying opportunity as per internal half bat pattern. Above 46180-200 index will resume uptrend.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46200 then we will long for the target of 46710 and 47250.
2nd buy can be considered from 45350. T- 45915 and 46250.
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.
Banknifty weekly analysis for 12/02/24.Banknifty has been trading in a wide range of 2000 points for last three week and is constantly trading around weekkly 20 ema.
Though it has closed below the moving average and took a retest of 61.8% fibonacci level, giving a nice fall after it.
Bullish trade in the index can be trade once it sustains above 46900-47000 zone as it will confirm a W pattern and take out fib rejection levels too.
It is trading between the moving averages on the daily charts. Banknifty is kind of consolidating between the two and a blasting move can be seen once there is a break out or break down of the levels.
Major support level for the market is 44550 and major resistance is around 47000 levels. 16 trading session and 23 days market has been trading between these two levels.
Positional long F&O trade should be initiated after the levels are taken out. Short strangle with SL of the two levels can be entered and can be benefitted.
Major support levels :- 44970, 44500
Resistance levels :- 46000, 416510-80
Wait for the price action near the levels before entering the trade.
BANKNIFTY Intraday Trade Setup For 14 Feb 2024BANKNIFTY Intraday Trade Setup For 14 Feb 2024
Bullish-Above 45760
Invalid-Below 45650
T- 46450-500
Bearish-Below 45200
Invalid-Above 45310
T- 44650 44100
BANKNIFTY has closed on a bullish note with 1.38% gain today. Buy triggered as per trade setup above 45100 and hit 1st target 45750. Since 8th Feb
index is making one red and then one green in daily TF. Above today's high this pattern will be neglected and chances of a fresh up move is high. In case tomorrow is a red day then it will be really funny, lame joke from options seller. Tomorrow's 1st hourly candle will be important to watch out for a big move, incase of a shooting star it will reverse and come back to daily zone trading.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45760 then we will long for the target of 46450-500.
For selling we need a 15 Min candle close below 45200. T- 44650 and 44100.
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.
FASP levels for Bank Nifty 13/02/2024The FASP for BankNifty is listed for 13-02-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
BANKNIFTY Intraday Trade Setup For 13 Feb 2024BANKNIFTY Intraday Trade Setup For 13 Feb 2024
Bullish-Above 45100
Invalid-Below 44990
T- 45680 46220
Bearish-Below 44620
Invalid-Above 44730
T- 44100 43550
BANKNIFTY has closed on a bold bearish note with 1.65% cut today. Yesterday we discussed that index closed near 45650 which was a resistance zone as per projected half bat (0.618) pattern. Idea worked pretty well and resistance was taken from 0.618 , meanwhile sell triggered below 45250 and hit first target (44650) very smoothly. Tomorrow once again we can be selling mode below 44620 and will be best suited if we open above that and then trigger.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45100 then we will long for the target of 45680 and 46220.
For selling we need a 15 Min candle close below 44620. T- 44100 and 43550.
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.
BANKNIFTY Intraday Trade Setup For 12 Feb 2024BANKNIFTY Intraday Trade Setup For 12 Feb 2024
Bullish-Above 45730
Invalid-Below 45620
T- 46220 46710
Bearish-Below 45250
Invalid-Above 45360
T- 44800 44300
BANKNIFTY has closed with a slight cut of 0.73% last week. On Friday it closed on a positive note where it gave a sharp recover of 800+ points from Thursday low. It closed at 0.618% of one last leg pf fall so it can act as a resistance. In case 45250 is broken then this we will treat as it has taken resistance from half bat (0.618). In case it takes out 45730 and candle closes above that then the sentiment created on Friday will be carried forward.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45730 then we will long for the target of 46220 and 46710.
For selling we need a 15 Min candle close below 45250. T- 44800 and 44300.
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.