Nifty & Bank Nifty Analysis For 24 Jan 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
Bankniftyprediction
BANKNIFTY Intraday Trade Setup For 23 Jan 2024BANKNIFTY Intraday Trade Setup For 23 Jan 2024
Bullish-Above 46250
Invalid-Below 46140
T- 46915 47550
Bearish-below 45430
Invalid-Above 45540
T- 44750 44180
BANKNIFTY has closed on a bearish note with 3.46% cut last week but on a positive note last trading session. 45400 is an important support in daily TF below this new bearish impulsive move will be triggered. 46250 looks an important hourly resistance above this there can be a bullish move but I doubt weather it can sustain for 1-2 days. 46915-50 can act as a strong intraday supply zone. One can look for a bearish reversal price structure above 46915 for a short following current trend. 46250 and 45430 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46250 then we will long for the target of 46915 and 47550.
For selling we need a 15 Min candle close below 45430. T- 44750 and 44180.
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 19 Jan 2024BANKNIFTY Intraday Trade Setup For 19 Jan 2024
Bullish-Above 46190
Invalid-Below 46080
T- 46870 47525
Bearish-Below 45430
Invalid-Above 45540
T- 44750 44180
BANKNIFTY has closed on a bearish note once again with 0.76% cut today. It opened with a big gap down today also, opening was directly near our 1st sell target. 10 o'clock range was to be used as per trade setup, range broke upside above 45825 and gave a move till 46184. It has formed an inverted hammer in daily TF near hourly support zone - 45400. Swing lengths have increased due to spike in VIX so be very strict with risk and rewards. 46190 and 45430 are important levels for tomorrow's session.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46190 then we will long for the target of 46870 and 47525.
For selling we need a 15 Min candle close below 45430. T- 44750 and 44180.
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.
Nifty & Bank Nifty Analysis For 19 Jan 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
Bank Nifty on Thursday 18/01/2024Bank Nifty shows big fall as per price action, I said before market was pumped for a big fall, Now market have no more liquidity at this place, so market will show again up side momentum for next few days to accumulate liquidity... but still one more big fall is remaining as per price action.. market will not go down until it breaks 45979 (major support)
Here is the levels (Marked Red) for day basis,
Resistance: 47113
46949
46641
46466
46389
46238
Support: 45979 (This is major support on 5 min,15 min,1 hr., 4 hr. time frame)
Note : Market may show false brake down
This is my personal view only for educational purpose
BANKNIFTY Intraday Trade Setup For 18 Jan 2024BANKNIFTY Intraday Trade Setup For 18 Jan 2024
Sell_1- From 47215
Invalid-Above 47325
T- 46610 46000
Sell_2- Below 45970
Invalid-Above 46080
T- 45350 44750
BANKNIFTY has closed in deep red today with 4.28% cut. This is one of the biggest intraday fall in the recent months. It opened with a big gap down today and 10 o'clock range was to be used as per trade setup. Range broke downside below 46530 and gave a move till 45980. Tomorrow once again there can be good fall below 45970. Incase today's low is safe and opens with slight gap up/down or flat then there is a possibility of pullback is high.
Coming to Thursday's trade setup, if index opens flat and a Min candle closes below 45970 then we will short for the target of 45350 and 44750.
2nd sell position can be considered 47220. T- 46610 and 46000.
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 18 Jan 2024BANKNIFTY Intraday Trade Setup For 18 Jan 2024
Bullish-Above 48310
Invalid-Below48200
T- 48620 68950
Bearish-Below 48000
Invalid-Above 48110
T- 47700 47445
BANKNIFTY has closed almost on a flat note today. It has formed a shooting star candle in daily TF which indicates a bearish sentiment. If you can remember our weekend analysis where we discussed that index may give a pullback move before any fresh up move. Probability of a Higher Low is high. Index may test 474450 or 47500 zone as per half bat pattern. This pullback/down move will be triggered below 48000. Above 48310 there can be good up move.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 48310 then we will long for the target of 48620 and 48950.
For selling we need a 15 Min candle close below 48000. T- 47700 and 47445.
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 levels & Prediction for 17 Jan 2024Banknifty Prediction for Tomorrow
Look for Buy/Sell at Demand and Supply zone for profitable trades.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Bank Nifty - 16/01/2024 - LevelsHello Traders, Welcome to SriTrader5121
--------------------------------------------------
Bank Nifty - 16/01/2024 - Levels
IMPORTENT ZONE FOR THE DAY: 48035 – 48060
Important Support and Resistance for the Day...
Support - Resistance -
Support-1: 48060 Resistance-1: 48320
Support-2: 47940 Resistance-2: 48380
Support-3: 47830 Resistance-3: 48470
Support-4: 47700 Resistance-4: 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.
BANKNIFTY Intraday Trade Setup For 16 Jan 2024BANKNIFTY Intraday Trade Setup For 16 Jan 2024
Bullish-Above 48250
Invalid-Below 48140
T- 48620 48950
Bearish-Below 48020
Invalid-Above 48130
T- 47700 47445
BANKNIFTY has closed on a bullish note with almost 1% gain today. In the weekend analysis we discussed that BANKNIFTY may form a higher low and then confirm the next bullish move. In this case index may give a pullback if 48000 is taken out in downside. 47700 will act as an intraday support being gap closing price. In case it sustains above today's high then we will test 48621 and that will be an intraday resistance.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 48250 then we will long for the target of 48620 and 48950.
For selling we need a 15 min candle close below 48020. T- 47700 and 47445.
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 Jan 2024BANKNIFTY Intraday Trade Setup For 15 Jan 2024
Bullish-Above 47880
Invalid-Below 47770
T- 48315 48757
Bearish-Below 47600
Invalid-Below 47710
T- 47237 46900
BANKNIFTY has closed on a slight bearish note with almost 1% cut last week. It is lacking behind NIFTY as NIFTY is backed with IT pack and reliance. Since it is a bit slow so unlike NIFTY giving a breakout of a consolidation BANKNIFTY may take few more days to confirm a bullish price structure . In the this scenario index may give another lower low formation, means chances of a pullback and then taking out the previous swing high will confirm a bullish move. 47880 and 47600 are important levels for intraday.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 47880 then we will long for the target of 48315 and 48757.
For selling we need a 15 Min candle close below 47600. T- 47237 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.
Banknifty - Intraday levels & Prediction for 15 Jan 2024Banknifty Prediction for Tomorrow
Banknifty is weak when comparing to nifty, when it trades below 47600 we can expect 46K and below will be tested. BULLISH only if sustains above 47890/48000
Sideways or BEARISH move is expected tomorrow.
Look for Buy/Sell at Demand and Supply zone for profitable trades.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
BANKNIFTY Intraday Trade Setup For 12 Jan 2024BANKNIFTY Intraday Trade Setup For 12 Jan 2024
Bullish-Above 47670
Invalid-Below 47560
T- 47960 48265
Bearish-Below 47230
Invalid- Above 47340
T- 46900 46580
BANKNIFTY has closed closed on a flat note with a minor gain of 0.16% today. It was range bound market the whole day except 2 PM fall and recovery. It has formed a spinning top candle which caters a indecision sentiment. Looks like bears will try to close the week in their favor to cater bearish weekly sentiment. They will get into action below 47230. In case today's low is safe and it breaks 47670 then chances of a bullish move. Best will work on a flat opening or opening between 47665-47235.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47670 then we will long for the target of 47960 and 48265.
For selling we need a 15 min candle close below 47230. T- 46900 and 46580.
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 11 Jan 2024BANKNIFTY Intraday Trade Setup For 11 Jan 2024
Bullish-Above 47430
Invalid-Below 47320
T- 47835 48265
Bearish-Below 47000
Invalid-Above 47110
T- 46580 46100
BANKNIFTY has closed on a slight bullish note with 0.25% gain today. It opened with a slight gap down and tested 47000 zone via gap up. Immediate and sharp bounce came from psychological support in a single candle. Later it just consolidated the whole day. Tomorrow if it opens flat and sustains 47430 then it can show one more upside move towards 47800 in intraday. Weekly CIP support is 46300 zone. Below 4700 if it slips then bears will take charge.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47430 then we will long for the target of 47835 and 48265.
For selling we need a 15 Min candle close below 47000. T- 46580 and 46100.
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 levels & Prediction for 11 Jan 2024Banknifty Prediction for Tomorrow
Banknifty looks weak when comparing with Nifty, currently its trading below Previous week low. We can expect reversal either from PWL, or PDH
BNF target for upcoming days is 46400 and below
Look for Buy/Sell at Demand and Supply zone for profitable trades.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
FASP levels for Bank Nifty 10/01/2024The FASP for BankNifty is listed for 10-01-2024. 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 10 Jan 2023BANKNIFTY Intraday Trade Setup For 10 Jan 2023
Sell_1- From 47710
Invalid-Above 47820
T- 47430 47200
Sell_2- Below 47150
Invalid-Above 47260
T- 46780 46355
BANKNIFTY has closed on a bearish note with 0.44% cut today. As per previous day trade plan we planned a short from 47930, according to simple half bat pattern. Sell triggered @ 47930 and what a fall we got. It gave a move of more than 700 points in favor, however main move came after 2 PM. Tomorrow once again we will plan for a sell below day low only on slight gap up to flat opening. 47705 will be an important intraday resistance.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 47150 then we will short for the target of 46780 and 46355.
2nd short can be considered from 47705 in case of a flat to gap up opening. T- 47430 and 47200.
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 expiry levels for 10/01/24.Banknifty has given fall in the second half and fell almost 700 points from the day high.
Now the market has confirmed a bearish trend as it has been forming a lower low lower high formation.
It is taking support from 200 hourly ema and closed 200 points lower.
Tomorrow is weekly expiry and anything below 47150 will drag banknifty to test 46920 levels.
Major support :- 47150, 4920
Resistance :- 47450, 47860
If there is a consolidation on the levels and gives a break down good points can be capture, else it can take a halt after a 2 days fall.
Wait for the price action near the levels before entering the trade.
Bank Nifty - 10/01/2024 - LevelsHello Traders, Welcome to SriTrader5121
--------------------------------------------------
Bank Nifty - 10/01/2024 - Levels
IMPORTENT ZONE FOR THE DAY: 47430 – 47455
Important Support and Resistance for the Day...
Support - Resistance -
Support-1: 46950 Resistance-1: 47430
Support-2: 46500 Resistance-2: 47850
Support-3: 46000 Resistance-3: 47940
Support-4: 45900 Resistance-4: 48320
____________________________________________
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.
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.