Nifty Bank Futures Key Trading Levels for 24th Feb 2022 ExpiryNifty Bank Futures Key Trading Levels for 24th Feb 2022 Expiry
Disclaimer: 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 views.
Please consult your Financial Advisor before making any trading decision.
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Bankniftyshort
Double Top pattern in BANKNIFTYIn today's session, Banknifty formed double top pattern on 30 minutes time frame. Currently it's trading near support(Neckline) level of this pattern. According to pattern in case banknifty gives breakdown of this support level then expected downside target of 37280 level which is height of this pattern from it's neckline. Intermediate support possible at 37550. Any breakout pullback possible from this support level.
BANKNIFTY ANALYSIS FOR 14 FEB 22Hi everyone, Banknifty analysis & view on hourly chart index looks bearish and formed (M) pattern & from 37,300 index can take bounce & if breaks can go upto 36,400 & 35,500 (targets identified from harmonic xabcd pattern level 1.272/1.618) banknifty index looks bearish.
Banknifty Trading Strategy for 8 Feb 22Jusy like yesterday, today my view on Banknifty is bearish . I am expecting a really good move which should be caught by my system; here's what it looks like:
In this chart I've marked 2 price levels which have been determined based on previous day high ( PDH ) and previous day low ( PDL ) of Banknifty . The zone between these two price levels is a strict "No Trade Zone".
If Banknifty crosses/opens or stays above the PDH , we will be looking for long opportunities and if Banknifty crosses/opens or stays below the PDL , we will be looking for short opportunities.
Entry criteria:
Bullish case: Breakout to be followed by retracement which in turn would be followed by a 5 minute candle close above the DAY HIGH.
Bearish case: Breakout to be followed by retracement which in turn would be followed by a 5 minute candle close below the DAY LOW.
Stop Loss criteria:
Ideally the stop loss should be palced just below (in bullish case) or just above (in bearish ) the nearest retracement on the spot chart; this is a just a guide though - in some cases you might actually have to deploy your own discretion. Assuming you're trading at-the-money (ATM) options - the stop loss wouldbe half the stop loss on the spot chart of Banknifty .
Take profit criteria:
ATM Option Buying (Next Week Expiry): Enter with 2 lots. Exit lot number 1 at 1:1 RR. Once 1:1 RR is hit, set Stop Loss of lot 2 to cost and take profit of the same at 1:3 RR.
ATM Option Selling (Current Week Expiry): Enter with 2 lots. Exit lot number 1 at 1:1 RR. Once 1:1 RR is hit, trail profit in lot 2 with the help of 15 EMA on the option chart; exit lot 2 on 5 minute candle close above 15 EMA .
Please note the given zones are valid only until the end of the day. Any open positions must be closed by 15:20 PM IST.
#Banknifty Trading Plan for 4 Feb 2022Today my view on Banknifty is bearish. I am expecting a really good move in the second half of the day which should be caught by my system; here's what it looks like:
In this chart we've marked 2 price levels which have been determined based on previous day high ( PDH ) and previous day low ( PDL ) of Banknifty . The zone between these two price levels is a strict "No Trade Zone".
If Banknifty crosses/opens or stays above the PDH , we will be looking for long opportunities and if Banknifty crosses/opens or stays below the PDL , we will be looking for short opportunities.
Entry criteria:
Bullish case: Breakout to be followed by retracement which in turn would be followed by a 5 minute candle close above the DAY HIGH.
Bearish case: Breakout to be followed by retracement which in turn would be followed by a 5 minute candle close below the DAY LOW.
Stop Loss criteria:
Ideally the stop loss should be palced just below (in bullish case) or just above (in bearish ) the nearest retracement on the spot chart; this is a just a guide though - in some cases you might actually have to deploy your own discretion. Assuming you're trading at-the-money (ATM) options - the stop loss wouldbe half the stop loss on the spot chart of Banknifty .
Take profit criteria:
ATM Option Buying (Next Week Expiry): Enter with 2 lots. Exit lot number 1 at 1:1 RR. Once 1:1 RR is hit, set Stop Loss of lot 2 to cost and take profit of the same at 1:3 RR.
ATM Option Selling (Current Week Expiry): Enter with 2 lots. Exit lot number 1 at 1:1 RR. Once 1:1 RR is hit, trail profit in lot 2 with the help of 15 EMA on the option chart; exit lot 2 on 5 minute candle close above 15 EMA .
Please note the given zones are valid only until the end of the day. Any open positions must be closed by 15:20 PM IST.
BankNifty Weekly View 9 Dec Expiry WeekMulti=Time Frame Analysis:
Monthly Fake Breakout, as November's candle
closed below the breakout candle of October month
Weekly neutral candle printed
High:36844.00 & Low:35327.90
Daily Good Breakdown candle's high not taken out
& is acting as resistance, also there is a gap.
Hourly - sideways movement of price seen with no strong breakout or breakdown candle...
Although since the trend is downtrend, expecting a flag breakdown, with flag's length as target, which is 1500 points...
Any Strong Hourly candle with good volume breaking out 36844 or breaking down 35327.90 will show us if trend will continue or it will bend.
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 38100 CE and Short 36600 PE
🛑 we can observe that market may be stays in between within the mentioned strikes
- if we short both side / if we did short strangle then
◽if breakout at 38000 happens then we can exit from short CE position and hold short PE Position until achieve the target of 38100
◽if breakdown at 36700 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 36600
◽ i hope that it will help a lot ,
do like it and follow for more
have a nice day,....
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 38200 CE and Short 36800 PE
🛑 we can observe that market may be stays in between within the mentioned strikes
- if we short both side / if we did short strangle then
◽if breakout at 38000 happens then we can exit from short CE position and hold short PE Position until achieve the target of 38200
◽if breakdown at 37000 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 36700
◽ i hope that it will help a lot ,
do like it and follow for more
have a nice day,....
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 38000 CE and Short 36500 PE
🛑 we can observe that market may be stays in between within the mentioned strikes
- if we short both side / if we did short strangle then
◽if breakout at 37800 happens then we can exit from short CE position and hold short PE Position until achieve the target of 38000
◽if breakdown at 36650 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 36500
◽i hope that it will help a lot ,
do like it and follow for more
have a nice day,....
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 37800 CE and Short 36500 PE
🛑 we can observe that market may be stays in between within the mentioned strikes
- if we short both side / if we did short strangle then
◽if breakout at 37700 happens then we can exit from short CE position and hold short PE Position until achieve the target of 38000
◽if breakdown at 36500 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 36400
◽ i hope that it will help a lot ,
do like it and follow for more
have a nice day,....
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 38500 CE and Short 37500 PE
🛑 we can observe that market may be stays in between within the mentioned strikes
- if we short both side / if we did short strangle then
◽if breakout at 38400 happens then we can exit from short CE position and hold short PE Position until achieve the target of 38500
◽if breakdown at 37500 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 37500
◽ i hope that it will help a lot ,
do like it and follow for more
have a nice day,....
Banknifty Daily AnalysisBanknifty as we said underperforming Nifty has proven our words. As per trend it is trading below a descending trendline and also broke it's 38200 support level, if price isn't able to cross 38200 then we can see 37700 soon which will be a support level and next to that support is at 37000. On the upper side resistance is at 38200 and 38600.
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 38700 CE and Short 37500 PE
🛑 we can observe that market may be stays in between within the mentioned strikes
- if we short both side / if we did short strangle then
◽if breakout at 38600 happens then we can exit from short CE position and hold short PE Position until achieve the target of 38700
◽if breakdown at 37500 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 37500
◽ i hope that it will help a lot ,
do like it and follow for more
have a nice day,....
Bank Nifty Support & Resistance Levels for Expiry Day> As We can see Bank nifty break major Support and closed.
>Again Bank nifty may Retest 38100 and fall up to 37700 which is our 1St Support. If Level 37700 Breaks then 37400 Will be the 2nd Support.
>Support will Become Resistance and Resistance will become Support once the level Breaks.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/information purpose only **********
>> Visit My Ideas Page for Daily Stock Analysis, Follow for Live Updates. <<
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 38900 CE and Short 37800 PE
🛑 we can observe that market may be stays in between within the mentioned strikes
- if we short both side / if we did short strangle then
◽if breakout at 38900 happens then we can exit from short CE position and hold short PE Position until achieve the target of 39000
◽if breakdown at 38000 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 37800
🛑 Rules to follow while initiating the trade
◽ Take an trade after 11 to 11:30 AM
-if market still in between our mentioned shorting strikes
- from 11:30 Am here afterwards volatility will starts to cool off (it will makes decreasing in volatility , whereas decreasing in volatility will decreases the premium in both CALL and PUT side ,which will help shorter's)
◽ i hope that it will help a lot ,
do like it and follow for more
have a nice day,... .
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 39300 CE and Short 38200 PE
🛑 we can observe that market may be stays in between within the mentioned strikes
- if we short both side / if we did short strangle then
◽if breakout at 39150 happens then we can exit from short CE position and hold short PE Position until achieve the target of 39300
◽if breakdown at 38300 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 38200
🛑 Rules to follow while initiating the trade
◽ Take an trade after 11 to 11:30 AM
-if market still in between our mentioned shorting strikes
- from 11:30 Am here afterwards volatility will starts to cool off (it will makes decreasing in volatility , whereas decreasing in volatility will decreases the premium in both CALL and PUT side ,which will help shorter's)
◽i hope that it will help a lot ,
do like it and follow for more
have a nice day,....