Banknifty - Analysis & Prediction - for 12 Dec 2023Bank Nifty Prediction for tomorrow.
BEARISH Trend Reversal expected...
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!!
Bankniftytradeidea
NiftyBank Profitabe Trading Levels for 8th June 2023 ExpiryNiftyBank Profitabe Trading Levels for 8th June 2023 Expiry
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
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 view.
Please consult your Financial Advisor before making any trading decision
Bank Nifty: Thursday - 16/02/23Levels:
Support: 41650, 41575, 41500, 41400, 41320, 41225, 41175, 41100
Resistance: 41925, 42000
OI Data:
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Bank Nifty => Price: 41731.05
ATM: 41700 , ITM: 41600, 41500, 41400 , OTM: 41800, 41900, 42000
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Highest OI Call in Bank Nifty per OI data: 42000
Highest OI Put in Bank Nifty per IO data: 41500
Nearest Major Resistance in Bank Nifty per OI data: 42100
Nearest Major Support in Bank Nifty per IO data: 41700
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Trade setup:
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Trade | Level | SL | T1 | T2
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BUY | > 41800 | 41700 | 42000 | 42200
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SELL | < 41650 | 41750 | 41500 | 41350
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Banknifty - Intraday Levels for 13 Sep 2022Banknifty Levels for Tomorrow..
Expectation : BULLISH - Trending day
Global Markets are Positive, which indicates the Gap up Open in Nifty and also in Banknifty
Entry Levels are,
Gap up Open - Buy above 40686 PDH
Gap down Open - Buy above 40490
Flat Open - 40530 CPR level
Any breakout above BULL BO - 40743, Target 1 and 2 levels will be tested.
If 40405 - BEAR BO / S1 is compromised, we can see BEARISH move in Banknifty
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Simple Trade Setup | BANKNIFTY | 22-04-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 22-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Bank Nifty Trade Plan for 02 FEB 2022Bank Nifty Trade Plan for 02 FEB 2022
Bank Nifty expect to have a gap up opening, first resistance for BN is around Bearish Reversal zone of 38811, if that is taken out we can expect R1 and Bullish BO - 39117. If today Bullish Breakout is taken out and sustained we can expect T2 & Higher targets.
#Banknifty Trading Plan for 28 Jan 2022Today's I'm bullish on Banknifty. Expecting a really good move ahead 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. Given that it is has given a gap-up opening above PDH - for now I am looking only for long 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. Since the market has already opened with a gap now I will only be looking for a retracement followed by Day High Breakout.
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 Intraday Trade SetupBanknifty is trading in Falling Channel on Intraday basis and CMP is quoting near upper band of the channel which could be a opportunity to short the index at CMP, however opening price will effect the trade plan. If Banknifty opens up inside the Channel then we can look to short with a Stoploss at 37920 and Targeting 37450 & 37200 levels.
Bank Nifty Trade Plan for 16 DEC 2021This is 1 HR Bank nifty chart with weekly pivots.
Bank Nifty was trading inside the weekly CPR for last 2 trading sessions and was taking resistance around weekly TC.
In case of gap up opening and 37080 taken on upside and provides support we can expect higher targets 37300 & higher.
BANKNIFTY Intraday Trade Setup For 16 Dec 2021BANKNIFTY Intraday Trade Setup For 16 Dec 2021
Buy-Above 37100
Sl-37000
T-37270 37400 37600
Sell-Below 36700
Sl-36800
T-36500 36240 36060
BANKNIFTY has once again traded in a complete range. BANKNIFTY tried twice to break 37000 but could not sustain.
Tomorrow this range will be used to setup our trade for the expiry day.
This range shift will give us 300 points either side at a go.
Also remember that if range is broken at lower side then 36500 will give a strong support. So, consider booking partial profits there. And if index will breach once again then we will build our short once again.
Expiry Range - 37000 and 36500
Bank Nifty Trade Plan for 02 NOV 2021Bank Nifty Trade Plan for 02 NOV 2021
Expect a possible gap up opening in Bank Nifty.
40050 is a first resistance to watch out in case of gap up opening.
If that is taken out taken out the next resistance is the breakout zone of 40172, if that is taken on upside we can expect 40400/40500 levels.
Any pull back to closing price or CPR on opening is a buying opportunity today.
Bank Nifty Trade Plan for 01 Sep 2021Bank Nifty expected to open in yesterday Range.
Narrow Ascending CPR looking for some good move today.
If CPR is sustained on opening and PDH is taken on upside then we can expect to test 36600 levels and higher.
In CPR is compromised and even expect it to retest PDL & may be even 36k.
Bank Nifty Trade setup for 24 Aug 2021Long Opportunity:
If Bank nifty opens flat and takes support at CPR, we can look for possible long opportunity with first resistance at 35225 and 35292.
If 35292 is taken on the upside we can expect previous session high & may be Virgin CPR levels.
In case CPR is compromised on opening we can expect the support at Bullish reversal zone wherein we can again look for long opportunity.
Short Opportunity :
If bullish reversal zone is compromised we can expect previous session low to be tested.
Bank Nifty Trade Plan for 17 Aug 2021Expect a flat opening in BN .
Bank Nifty is shown weakness on closing yesterday and well below today CPR levels.
36157 should act as a good resistance for BN today and if that is compromised we can expect it to again test previous session highs & higher.
In case if 36031 is taken on the lower side we can expect BN to test lower supports of 35895 & 35865 level.
Bank Nifty Trade Plan for 16 Aug 2021Bank Nifty Trade Plan for 16 Aug 2021
BANK Nifty too looks bullish and expecting a flattish opening.
36087 is a good support and any retest to this level and support confirmed we can go long and wait for upper targets.
A breakout above 36235 is again a good buying opportunity for Target 1 & 2.
Prefer go short for a quick short target on breach of CPR.