Niftybank Possible Trade in Option for 24 june 2022
When to Buy Call Option in Niftybank –
Trade Entry – If Niftybank Sustain Above Support (33235) You Can Buy ATM call Option –
Trade Target – For upside First Target for Niftybank is 33500 and Second Target is 33700
Trade Stoploss – If any 30 min candle Closes Below 33175 or max .35 Points
When to Buy Put...
Bank nifty after a gap down travelled even below and retraced back to the level of 35000 in the second half.
Market has closed below its 20 DMA and on and hourly time frame the moving averages are close.
Market seems to be in a bear trend on a smaller time frame.
Support:- 35850, 35780
Resistance:- 35000, 35200
Market can remain in red for tomorrow as there...
Refer Smaller Time Frames.
Formed a Triangle pattern.
Broke out of triangle pattern and Important Resistance( Yesterday's Support)
And it was Perfectly Placed @ 61% FIB. (FIB was drawn from yesterdays High to Todays Low)
Once the retest is done and again broke the zone with impulse, here entered a long position.(11:26 Hrs)
TWO Targets were set-
1st @...
Bank nifty on a smaller time frame looks bearish and has closed below narrow range.
Market on the whole is bullish on daily time frame and can retrace to cover the gap create.
Support :- 37800, 37345
Resistance:- 38352, 38700. 39000
Wait for the price action near the levels before entering any trade.
Bank nifty on multiple time frame seems bullish.
On a weekly time frame, it has crossed its 20 ema and has sustained above the level.
It can remain bullish or can retest and achieve higher levels.
Resistance :- 37374, 37800, 38000
Support:- 37000, 36600, 36380
Wait and watch for the price action near the levels before entering any trade.
Bank nifty is trading above its 20EMA on a
15 minute timeframe.
Markets are bullish and may remain positive
until it sustains above and respect its 20
ema.
Support :- 36225,36000
Resistance :-36380, 36600, 37375
Wait for the price action near the levels for
entry and exit.
Bank nifty is trading above its 20EMA on a 15 minute timeframe.
Markets are bullish and may remain positive until it sustains above and respect its 20 ema.
Support :- 36225,36000
Resistance :-36380, 36600, 37375
Wait for the price action near the levels for entry and exit.
Bank nifty has given parallel channel break out and above its 20 and 200 ema, 15 minute chart frame.
On an 60 minute chart frame, it has crossed it 200ema and closed above it.
It has closed just below the resistance level of 35930-50 but nifty has closed on a bullish note.
Markets may open gap up.
Support :- 35800, 35630
Resistance :- 36135, 362560,...
Banknifty on a 15 minute time frame, had given a break out above the parallel channel in the last 15 minutes of closing.
Market has closed above the parallel channel consolidation, the 20ema and below the resistance level of 35420-50.
On chart analysis banknifty is somewhat strong. It can be bullish above the level of 35635 and the 200 ema.
RSI indicator shows...
Bank nifty after a good gap up has been in bear trend.
For last 2 trading days, bank nifty fell about 1100-1200 points.
Market may consolidate of fall further as the trend has been bearish. We may trade in the second half of the day after a consolidation.
Banknifty closed at important support level after a volatile session, Possibility of breaking 15 minute trend line at down side, RSI weak and MACD Parallels
If opened and sustain below 39000 tomorrow,
Short BN
SL 39200
TGT 38800, 38550, 38250
If crossed and sustain above 39200,
Long BN
SL 39100
TGT 39300, 39450
Bank Nifty Trade Plan for 27 OCT 2021
Bank Nifty expected to have flat to small gap up opening.
41090 is a strong support and any pull back to this level and finding support we can go long with possible first target of Bearish Reversal zone of 41387 and that taken out we can see it to test Breakout zone of 41534 & higher.
Would prefer to short Bank nifty only...
Today i Took This Trade Expecting a Flat Day Today and I saw the rejection at Major Supply Zone But Market So Bullish Today Completly Unexpectred Move BUt Its Okay We have to Book Loses When the are Small and Hold the Winners We will Comback Strong.Tomorrow can be a Red Day CAouse of the Three Continous Bullish CAndles on the Daily Time Frame.Hope this Helps SomeOne
Banknifty currently trading at NO TRADING ZONE, the levels being 34900-35150, it has been an area of confusion since last month !
Break on either side with proper candle close candle would define the next upcoming trade which could be potentially be breaking above!
Even If breaks below don’t short aggressively as MAIN TREND being bullish and every dip now is a...
