BANKNIFTY- Tradeplan for 27Mar24BNF tried to move past 46753, it failed and made a double top before testing 46546.
This is a level that had previously pushed price to around 47000, however, with recent movement, it had been respecting a parallel channel formed in 15MTF. If level 46699 is not broken, we can expect a movement down, this will also fill the gap before moving to 46360.
Note: Ideas share by me are only for educational purpose. Markets are subjected to risk, please do your due diligence before making investments/ trades.
Bankniftytomorrow
BankNifty levels - Apr 09, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
BankNifty levels - Apr 05, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
BankNifty levels - Apr 04, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
BankNifty levels - Apr 03, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
#Banknifty directions and levels for April 2nd.Banknifty has also consolidated in the last session. If the market opens with a gap-down, then we can expect minor correction initially. After that, if it finds support around 23 or 38%, then we can expect consolidation for a rally continuation. On the other hand, if it breaks the fib level of 38%, then it may turn into a correction phase that will reach a minimum of 50 to 78%. Alternatively, if the gap-down doesn't sustain, then it could take a little bit of consolidation initially. After that, if it breaks the fib level of 78%, then we can expect further rally continuation.
BankNifty levels - Apr 02, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
Bank Nifty 01-04-2024 AnalysisHello Traders, Welcome to SriTrader5121
_______________________________________
Overall view for the day.
Buy - with support of Important / Support
Sell - with rejection of Important / Side-ways-zone
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
_______________________________________
Rules to fallow...
1) Wait for conformation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
_____________________________________________________
Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purpose and a helping hand to learn trading in live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at respective zone how it works near that zone.
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.
Banknifty - Intraday levels & Prediction for - 01 Apr 2024Bank Nifty Prediction for Tomorrow
Trend : BULLISH
Sentiment : Positive
Expectation : Strong BULLISH
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 28-03-2024 AnalysisHello Traders, Welcome to SriTrader5121
_______________________________________
Overall view for the day.
Buy - Above Side-ways-zone
Sell - Below Side-ways-zone
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
______________________________________
Rules to fallow...
1) Wait for conformation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
______________________________________________
Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purpose and a helping hand to learn trading in live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at respective zone how it works near that zone.
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.
BankNifty levels - Mar 28, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
Bank Nifty 27-03-2024 AnalysisHello Traders, Welcome to SriTrader5121
_______________________________________
Overall view for the day.
Buy - Above Side-ways-zone
Sell - Below Side-ways-zone
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
______________________________________
Rules to fallow...
1) Wait for conformation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
______________________________________________
Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purpose and a helping hand to learn trading in live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at respective zone how it works near that zone.
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.
BankNifty levels - Mar 27, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
Bank Nifty 22-03-2024 AnalysisHello Traders, Welcome to SriTrader5121
_______________________________________
Overall view for the day.
Buy - Above Side-ways-zone
Sell - Below Side-ways-zone
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
______________________________________
Rules to fallow...
1) Wait for conformation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
______________________________________________
Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purpose and a helping hand to learn trading in live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at respective zone how it works near that zone.
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.
BankNifty levels - Mar 22, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
#Banknifty directions and levels for March 21st.Banknifty has had a solid pullback, but although it has a 50% retracement, this indicates a further range market. So, even if the gap-up doesn't sustain, we can expect a range market. On the other hand, if the gap-up sustains, then the rally will continue with minor consolidation.
BankNifty levels - Mar 21, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
#Banknifty directions and levels for March 20th."Banknifty consolidated in the last session. Structurally, if the market opens with a gap-up, then the consolidation will continue further. We could wait for the rally only if it breaks the Fibonacci level 38%.
Alternatively, if the gap-up doesn't sustain and breaks yesterday's low, then we can expect minor correction initially. Correction continuation will happen only if it breaks the demand zone."
BankNifty levels - Mar 20, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
19th March - BankNifty Analysis: Gap-Up Opening Signals Bullish The BankNifty's gap-up opening above 46200 suggests a bullish outlook for the day. Traders may anticipate upward momentum, particularly considering the channel pattern observed in higher time frames.Conversely, a gap-down opening below 46000 could lead to a sideways to bearish trend. However, the prevailing channel pattern increases the likelihood of a bullish move.Stay tuned for updates as market conditions evolve throughout the trading session.Feel free to adjust the content to better suit your audience and platform!
BankNifty levels - Mar 19, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
#banknifty directions and levels for March 18th.Banknifty has a diagonal structure. So, if the market breaks the previous low, then the diagonal will continue further, and we can expect a minimum of 46197 to 45948. If it finds support there, then we can expect a minimum of 23 to 38% pullback wave.
Alternatively, if the gap-down doesn't sustain and breaks the diagonal pattern, then we can expect a range market initially, and if it breaks 47034, then the pullback will continue further.
Bank Nifty 15-03-2024 Analysis
Hello Traders, Welcome to SriTrader5121
_______________________________________
Overall view for the day.
Buy - with support of Important / Support
Sell - with rejection of Important / Side-ways-zone
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
_______________________________________
Rules to fallow...
1) Wait for conformation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
_____________________________________________________
Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purpose and a helping hand to learn trading in live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at respective zone how it works near that zone.
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.