BankNifty Short !! - Possible 38% Retr.NSE:BANKNIFTY Short !!
Favour's :
1. 38% Fib Retracement
2. BNF week than nifty (Nifty gone upto 50%)
3. Corona Issue ~ No Cure YET !!
4. No periodic stimulus yet.
Against :
1. Govt can announce Stimulus.
2. May consolidate ~ Sideways/RangeBound
3. Corona Issue ~ Vaccine Good news - Can StopOut you.
Trading Tips :
1. Don't go naked in Selling.
2. VIX rising - Prefer to Buy Option vs Sell.
3. High Volatility - BE CALM :)
Bankniftyshort
BANKNIFTY Intraday Setup (5 MAY)Please note that this is my opinion, in no way markets move according to my analysis. Markets can ignore all levels and move in one direction. Please use proper risk management.
1. Never over leverage, that forces you to keep very small stop losses, don't trade if you have to use full margin.
2. If it will be very painful for you, if it hits your stop loss then don't trade, only trade with a free mind.
3. If the stop loss is far according to your capital, don't trade.
Bank Nifty: I will only focus on my trade plan21300-21850 is a major supply zone in Hourly, Weekly, and Monthly chart. On the downside support @ 20450 and demand zones @ 19700-19800 and 19100-19250.
As expected Bank Nifty will open gap down and I don't know how many points it will open in negative. After a gap down it may bounce or it may go down further. I am not that much smart. So I will focus on the screen, not on my emotions.
I will sell OTM calls. I will decide the time and strick price once the market will open. According to these zones if I will get a good risk to reward trade and if there will be any possibility for the follow through on the downside then I may take a short position in FUT. I will update my trade in this post.
Thank x
Bank Nifty Tested It's Major Supply Zone...
Today Bank Nifty tested its Short term Major Supply zone @ 21350-21750. This same Supply Zone is there on a daily and weekly chart.
On the downside, there is a minor support @ 20500 and demand zone @ 19700-19800.
I will plan my trade if Bank Nifty will sustain above 21350.
BANKNIFTY Intraday Setup (21 April)Please note that this is my opinion, in no way markets move according to my analysis. Markets can ignore all levels and move in one direction. Please use proper risk management.
1. Never over leverage, that forces you to keep very small stop losses, don't trade if you have to use full margin.
2. If it will be very painful for you, if it hits your stop loss then don't trade, only trade with a free mind.
3. If the stop loss is far according to your capital, don't trade.
BANK NIFTY (16/04/2020) TECHNICAL ANALYSIS (CHARTING)As per my analysis, BANKNIFTY if breakout above (19300 - 19400), One can see an uptrend in the BANKNIFTY. If BANKNIFTY breaks the lower thin support of 18776 (approx 18700), One can see a down trend in the BANKNIFTY.
Technical Analysis shows:
Resistance 1: 19300 - 19400
Support 1: 18350 - 18450
Support 2: 17150 - 17250
AVOID TRADING WHILE BANKNIFTY IS NEAR IT'S SUPPORT. AS PER THE SENTIMENTS ARE CONCERNED, BANK NIFTY MIGHT TRADE BEARISH DUE TO ECONOMIC SLOWDOWN AND LOCKDOWN IN THE COUNTRY DUE TO COVID-19.
Bank Nifty: Intraday Demand and Supply ZonesNifty closed below its demand zone @ 81120-8165. Once it sustains below this zone on Tuesday then it may test its next demand zone @ 7750-7050.
Carried short position in option because it will get the benefit of 3 days time decay.
tgram a t swapniltradingroom
BANKNIFTY Bearish Sentiment Capturing through Market InternalsHello Fellow Traders,
Today we have witnessed yet another bearish movement due to various factors including but not limited to Corona Virus, Oil Crash and many other factors.
Currently, the market reaction is entirely based on global cues and news events and rational/technical aspects of stocks are entirely off the table.
So, rather than depending on the Technical Indicators or Price action, it is necessary to analyze the overall market sentiments in terms of money inflow and outflow.
Happy and Successful Trading!!
NSE:BANKNIFTY
BANKNIFTY Indication Tool - Accurately Predicted today's moveHello Fellow Traders,
I have created a trading strategy on BankNifty based on Market Internals - Advance/Decline Volume and TICK
These Market Internals, also known as Breadth Tools helps in identifying the overall market sentiment.
Just doing some technical analysis on Price action doesn't provide good results.
Price action along with Volume gives a meaningful insight.
But simple VOLUME information is not sufficient to take a directional view on the markets. A segmentation of POSITIVE and NEGATIVE volume gives a clear picture of the symbol movement.
We can get the volume information FOR ANY STOCKS anywhere. But, VOLUME INFORMATION FOR AN INDEX ALONG WITH POSITIVE AND NEGATIVE VOLUMES are not available in normal trading platforms. We need to construct the VOLUME based on the underlying stocks(12 stocks for BankNifty). And this tool provides the exact feature.
In a nutshell,
1) THIS TOOL PROVIDES BUY/SELL INDICATIONS on the BANKNIFTY based on the underlying stocks' PRICE AND VOLUME
2) THE VOLUME INFORMATION IS BIFURCATED INTO POSITIVE AND NEGATIVE VOLUME, WHICH HELPS IN DECIDING THE MARKET DIRECTION.
This post is for today's market movements and the tool has predicted the right direction and it has helped in achieving a MINIMUM PROFIT OF 150 POINTS on BANKNIFTY.
BANKNIFTY
Happy Trading!
Bank Nifty: Intraday Demand and Supply ZonesBank Nifty next supply zone @ 17500-17600. Once it sustains above this zone it may test its next supply zone @ 18400-18900 but be careful this move may not have strength. On the downside, once it will sustain below 16300 then only I will sell for the target of 15500. 16300-17600 will be the no-trade zone for me, I may take the trade-in option selling in this sideways zone because expiry is very close.
tgram a swapniltradingroom
Bank Nifty: Intraday Supply and Demand ZonesThere is no clear view of the intraday. Let's see where BNF will open on Monday then I will make a decision. 19000-21800 will be no trade zone for me.
Demand Zones
19800-20300 - Major Demand Zone for the Intraday
18350 - Minor Support
Supply Zones
21450-21800
tgam a t swapniltradingroom
Bank Nifty: Weekly Major Demand ZoneBank Nifty major demand zone @ 17500-18200. This is major support on the Weekly and Monthly chart. Let's see BNF will hold this support or not if it will fail to hold this support and manage to sustain below this zone then we can see the BNF @ 15700-16300 and 13300-14000.
Bank Nifty CLosed below its Major Demand ZoneToday BNF closed below it’s major and wide demand zone @ 23000-22300 and it’s not a good sign. In the 2nd half, BNF failed to sustain above this zone so I took a short position in BNF and carried this trade when I got the confirmation that it is going to close below this zone.
Demand Zones
21400-21750
Supply Zones
22300-23000