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Bankniftytradesetup

Short term trading opportunity in Proventus Agro for> 20% upsideHi, NSE:PROV has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:PROVLong
by raigvivek
1
[BANKNIFTY]: INSTITUTIONAL LEVELS FOR 30/09/2024NSE:BANKNIFTY QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets. NSE:BANKNIFTY
NSE:BANKNIFTY
by tony_fx_sm
27th Sep 2024 - BankNifty ended the week in RED, consolidating?BankNifty Stance Neutral ➡️ Looks can be deceiving, BankNifty ended the week negative, losing 104pts ~ -0.19%. The reason I chose the title "Who is contributing to the gains" is really valid here. NiftyIT only went up 48pts ~ 0.11%. So who really helped Nifty go up 1.38%? The truth is, there was a strong sector rotation, and the laggards caught up this week. The leaders ending the week flat could be a warning sign of consolidation or reversal.  BN has been a true leader and its last bullish leg started on 9th Sep. We are up 3456pts ~ 6.86% since then. For the next week, I would like to change the stance to neutral and go bullish if we are breaking out again.
NSE:BANKNIFTY
by viswaram
Short Term Trading Opportunity in Divis Labs for > 10% UpsideHi, NSE:DIVISLAB has given a Bullish Flag Breakout on daily charts with very good volume. MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:DIVISLABLong
by raigvivek
1
#Banknifty directions and levels for the first week of October.Bank Nifty Current View: Bank Nifty reflects a similar sentiment to Nifty. If the market starts with a red candle, we can expect a 23% to 38% correction in the minor swing. Structurally, it shouldn't break the 38% Fibonacci level. If it does break this level, we could expect the next target to be a 50% correction on the downside. > in this variation, if it finds support around the 38% level, it could rise to a minimum of 38% to 78% in the minor swing. Alternate View: The alternate view indicates that if the market rejects around the immediate support level and consolidates, then the rally could continue once it breaks the previous high. If this occurs, we can expect the next targets to be a minimum of 54,574 to 54,840. This is our alternate view.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 30 Sep 2024BANKNIFTY Intraday Trade Setup For 30 Sep 2024 Sell_1- From 54250 Invalid-Above 54360 T- 53800 Sell_2-Below 53700 Invalid-Above 53810 T- 53200 BANKNIFTY has closed on a flat note with bearish sentiment last week. It was sideways to slight bullish but on last day whole 500 points gain eroded, week ended near lows. It has formed shooting star in weekly TF which is a potential indication of profit booking. Below 53700 bearish stance can be seen. 53300 is CIP zone in daily TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 53700 then we will short for the target of 53200. In case of pullback towards 54250 we can short from there for the target of 53800. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
1
#Banknifty directions and levels for September 27th.Bank Nifty Current View: Bank Nifty is also following the Nifty sentiment. If the market opens with a gap-up or if the initial market sees a solid pullback, it could reach 54,655. However, some rejection could also occur. This is our first scenario. Alternate View: If the initial market breaks or consolidates around the 50% Fibonacci level, we can expect a correction down to the 78% level or the swing low. On the other hand, if it doesn't break, the market will likely turn into a range between the previous high and the 50% Fibonacci level.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup 27 Sep 2024BANKNIFTY Intraday Trade Setup 27 Sep 2024 Bullish-Above 54500 Invalid-Below 54390 T- 54925 Bearish-Below 54000 Invalid-Above 54110 T- 53500 BANKNIFTY has closed on a positive note with 0.51% gain today. We will follow buy on dips approach till index is closing above PDL. If a daily candle closes below PDL then chances of bulls giving up will be high. Bearish sentiment likely to kick in when index will close below PDL in daily TF. 54500 and 54000 will be tomorrow's range. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 54500 then we will long for the target of 54925. For selling we need a 15 min candle close below 54000. T- 53500. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
#Banknifty directions and levels for September 26th.Bank Nifty Current View: Bank Nifty mirrors Nifty's sentiment. If the first move consolidates around the supply zone (MSZ), it could reach a maximum of 54,498. Conversely If it breaks the supply zone with strength, the rally may continue with some consolidation around 54,655. This is our first scenario. Alternate View: The alternate view for Bank Nifty suggests that if the market declines or faces rejection near the supply zone, the range may persist. However, the precise move is if the rejection breaks the 38% Fibonacci level in the minor swing, it could extend to a minimum of 78%, reaching 53,699.
NSE:BANKNIFTY
by Manickamtraders
BANK NIFTY MATHEMATICAL LEVELS FOR THIS EXPIRYThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by StocksOptionBlaster
BANKNIFTY Intraday Trade Setup For 26 Sep 2024BANKNIFTY Intraday Trade Setup For 26 Sep 2024 Bullish-Above 54250 Invalid-Below 54140 T- 54765 Bearish-Below 53780 Invalid-Above 53890 T- 53370 BANKNIFTY has closed on a slight bullish note with 0.25% gain. It opened with slight gap down and recovered in the 1st 15 Min and then it as sideways to extreme. Yesterday itself we discussed that one should keep non-directional approach as it looks more of a sideways than parabolic. 54250 an 53790 are intra levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 54250 then we will long for the target of 54765. For selling we need a 15 Min candle close below 53780. T- 53370. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 25 Sep 2024BANKNIFTY Intraday Trade Setup For 25 Sep 2024 Bullish-Above 54250 Invalid-Below 54140 T- 54765 Bearish-Below 53900 Invalid-Above 54010 T- 53370 BANKNIFTY has closed on a slight bearish note with 0.25% cut today. However bearish sentiment will confirm when it will close below PDL in daily TF. Below 53900 there is chance of dip towards 53370 zone. As per its behaviour after a rally it turns sideways so be cautious for any huge exposure in directional approach as of now. Above 54250 index can hit 54800 zone. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 54250 then we will long for the target of 54765. For selling we need a 15 Min candle close below 53900. T- 53370. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
#Banknifty directions and levels for September 24th.Current View: Structurally, a diagonal pattern is progressing. If the market rejects around the immediate resistance, or if the market initially declines, we can expect a minimum correction of 23% to 38%. If it breaks below 38%, the trend could shift into a correction phase. Conversely, if it does not break 38%, the diagonal pattern could extend further. This is our first variation. Alternate Variation: The alternate variation suggests that if the market consolidates around the immediate resistance, it will be a sign of bullish continuation. We can expect to see the next resistance level if it breaks through the current resistance.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 24 Sep 2024BANKNIFTY Intraday Trade Setup For 24 Sep 2024 Bullish-Above 54200 Invalid-Below 54090 T- 54764 Bearish-Below 53740 Invalid-Above 53850 T- 53200 BANKNIFTY has closed on a bullish note with 0.58% gain today. It was firmly bullish since opening, however free float move came above 54k. There can be continuation of bullish move above 54200 post pullback breakout. Next confluence zone seems to be 54800. Below 53740 profit booking can be triggered. Overall buy on dips with bullish reversal structures in intraday. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 54200 then we will long for the target of 54764. For selling we need a 15 Min candle close below 53740. T- 53200. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Medium term trading opportunity in MGL for > 20% upsideHi, NSE:MGL has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:MGLLong
by raigvivek
#Banknifty directions and levels for September 23rd.Bank Nifty: Bank Nifty shares the same sentiment as Nifty. If the market sustains the gap-up structurally, we can expect a continuation of the rally with some consolidation. We can also observe a three-wave structure here. Alternate View: The alternate view for Bank Nifty suggests that if the market encounters a sharp rejection around the immediate resistance, there could be a minimum of 23% to 38% during the minor swing. If it breaks below 38%, then the correction will likely continue to 50% to 78%.
NSE:BANKNIFTY
by Manickamtraders
#Banknifty Directions and Levels for the Last Week of SeptemberCurrent View: The sentiment is similar to Nifty, but structurally, we shouldn’t expect more than a 38% correction in the minor swing. If the market rejects near the immediate resistance, we could complete the 3rd sub-wave at that point, and the rejection would indicate the start of the 4th wave. Typically, the 4th wave doesn’t involve a deep correction, so we can expect a maximum correction of 23% to 38% in the minor swing. Alternate View: The alternate view suggests that if the market consolidates or breaks the immediate resistance, the 3rd wave could extend to levels of 54,840 to 55,141.
NSE:BANKNIFTY
by Manickamtraders
20th Sep 2024 - BankNifty up 2049pts ~ 3.95% bulls are on fireBankNifty Stance Bullish ️⬆️ The run on BankNifty was much better and more fierce than N50, we went up an amazing 2049pts ~ 3.95% last week. Unlike Nifty, which started showing its bullish breakouts on Thursday, BankNifty started on Wednesday itself. Over the last 2 weeks, BN is up 3324pts - it has been nothing short of a dream for the bulls. Meanwhile, what is surprising is that it was even good for non-directional algo traders like me. The premiums were good enough that short intraday straddles with rolling stop losses made me good money. Occasionally I had to wind up the Algo's early because the index was looking to go ballistic. What I am trying to say is that BN gave me enough heads-up to exit my non-directional trades - which is not usual. The usual thing is BN always traps their straddlers. For the next week also, we wish to maintain our bullish stance and look for long only opportunities. I will not be running the non-directional algos unless BN gives me a "ran and tired" indication.
NSE:BANKNIFTYLong
by viswaram
Short term trading opportunity in Bajaj Finserv for > 15% upsideHi, NSE:BAJAJFINSV has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates . Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:BAJAJFINSVLong
by raigvivek