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Bankniftytradesetup

#Banknifty directions and levels for July 12th.Yesterday, there was significant movement in Banknifty. What about next? As per the pullback, the market may go further up with minor consolidation. GiftNifty also indicates that. If the market opens with a gap-up, we can expect minor rejection around the immediate resistance level. If this happens, it may retrace up to 23 to 38%. After that, if the market finds support at the 38% level, it may continue the rally with minor consolidation. This is our basic structure. In this case, we have to discuss something simple and not too complicated: > 1st one, There is no need to reject around the immediate resistance level. If it happens, we can expect a minor retracement. that menas If the market consolidates or breaks it with a solid candle structure, the rally will likely continue further(around the immediate resistance). > 2nd one, Is there any correction possible? Yes, correction is also possible. If the retracement breaks the 38% Fib level, it may continue to range. > This sentiment is also applicable for an initial market decline. This means that if the gap-up doesn't sustain or if the market declines sharply initially, we can follow the same sentiment.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 12 Jul 2024BANKNIFTY Intraday Trade Setup For 12 Jul 2024 Bullish-Above 52410 Invalid-Below 52300 T- 52955 Bearish-Below 51740 Invalid-Above 51850 T- 51138 BANKNIFTY has closed on a slight bullish note with 0.16% gain today. It has formed a Pinbar candle in daily TF, which indicates that bulls took liquidity, it can be confirmed if today's high is sustained. Also in 15 MIN TF a falling channel can be seen which is also on verge of breakout. 52410 will be level to trade on breakout. 51740 is a major intra support, breakdown can trigger a good fall towards 51k zone. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 52410 then we will long for the target of 52955. For selling we need a 15 Min candle close below 51740. T- 51138. 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
Short term trading opportunity in KIMS for 15% upsideHi, NSE:KIMS 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.
KLong
by raigvivek
Banknifty Prediction for today 11 july 24As we discussed, BANKNIFTY gave a good bearish momentum with a grand bearish opening of 300 points in 5 min. #Time Frame = 30 min If we look at the chart now: The market is trading in the range of 52276-52676. The market is continuously taking support at 200 EMA. Also, the 1D time frame market is receiving support at 13 EMA, which might lead the market to go bullish. Support levels: 52032, 51610, and 200 EMA Resistance levels: 50 EMA, 52625, and 53100 If we look at the OI data: PCR = 0.60, which shows a bearish behavior in the market. The market can be seen as very volatile between 52032 and 52625. 52200 is maxpain. Higher levels have higher CE writing than PE writing on lower levels. Reason: RSI ~ 40 shows the bearish structure of the market. Price = EMA(13, 50, 200) shows market is at make and break point. Soon, there will be good momentum on either side. PCR = 0.60 shows that the market is bearish. Price < VWAP shows a bearish market structure. Verdict: Neutral Plan of action: The morning 15-minute direction will determine the market direction. Once the direction is confirmed, make the position according to case 1 or case 2 as provided.
NSE:BANKNIFTY
by finnova_
1
#Banknifty directions and levels for July 11th.BankNifty had a solid correction in the previous session with not much of a pullback compared to Nifty. The structure indicates that if the market breaks the previous day low, then the correction will likely continue because the previous day's minor consolidation indicates that. This is our first variation, meaning if the gap-up doesn't sustain or the market takes a decline initially, then we can expect the correction to continue if it breaks the previous day's low. The alternate variation is similar to Nifty: if the gap-up sustains and consolidates around the 23% or 38% fib level or breaks the 23% or 38% fib level with a solid candle, then the rally will likely continue.
NSE:BANKNIFTY
by Manickamtraders
BankNifty Intraday Support & Resistance Levels for 11.07.2024On Tuesday, BankNifty broke the past three days' low, falling to 52,075 before closing at 52,189.30. It has remained within the 125m Demand Zone for the fourth consecutive day. The weekly and daily trends (50 SMA) are still positive. Support Levels: Near Support/Demand Zone (125m): 51,996 - 52,379 (currently trading inside the zone for the last four days) Far Support/Demand Zone (75m): 51,510 - 51,784 Major Support/Demand Zone (Daily): 51,138 - 51,934 Resistance Levels: Near small Supply/Resistance Zone (30m): 53,064 - 53,188
NSE:BANKNIFTY
by PriteshPal
Short Term Trading Opportunity in BBTC for 15% UpsideHi, NSE:BBTC has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily 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:BBTCLong
by raigvivek
#Banknifty directions and levels for July 10th.BankNifty has a different structure. There hasn't been as much of a pullback compared to Nifty, so we can follow the same sentiment as the previous day. If the market pulls back and breaks the previous high, we can expect further continuation. Here also, structure is important. If the pullback has a solid structure, we can expect pullback continuation with minor consolidations around the supply zone. If it has less volume, then the supply zone will act as a solid resistance, and if it rejects there, it may fall by a minimum of 38 to 61%. The alternate variation suggests that if the initial market declines, we can expect the level of swing low to be 52146. After that, if it finds support there, we can expect a range market. On the other hand, if it breaks the demand zone, then the correction may continue further.
NSE:BANKNIFTY
by Manickamtraders
BankNifty Intraday Support & Resistance Levels for 10.07.2024On Tuesday, BankNifty remained range-bound for the third consecutive day, neither breaking below the 125m support zone nor surpassing the high of July 5th. The weekly and daily trends (50 SMA) are still positive. All support and resistance levels remain the same as mentioned in the last post: Support Levels: Near Support/Demand Zone (125m): 51,996 - 52,379 Far Support/Demand Zone (75m): 51,510 - 51,784 Major Support/Demand Zone (Daily): 51,138 - 51,934 Resistance Levels: Near Small Supply/Resistance Zone (30m): 53,064 - 53,188
NSE:BANKNIFTY
by PriteshPal
Short Term Trading Opportunity in Jupitar WagonHi, NSE:JWL has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily 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:JWLLong
by raigvivek
Medium term opportunity in Sandur Manganese for huge upsideHi, NSE:SANDUMA has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily 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.
BSE:SANDUMALong
by raigvivek
Short Term Trading Opportunity in Mahindra Life for 15% upsideHi, NSE:MAHLIFE has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily 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:MAHLIFELong
by raigvivek
short term trading opportunity in Greaves Cotton >15% upsideHi, NSE:GREAVESCOT has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily 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:GREAVESCOTLong
by raigvivek
1
BANKNIFTY Intraday Trade Setup For 10 Jul 2024BANKNIFTY Intraday Trade Setup For 10 Jul 2024 Bullish-Above 52710 Invalid-Below 52600 T- 53350+ Bearish-Below 52240 Invalid-Above 52350 T- 51680 BANKNIFTY has closed on a slight bullish note with 0.27% gain today. However since 5 Jul EOD, it has been said that 52710 and 52240 is the range to trade on breakout, non-directional approach to be kept inside this range. Since last 3 sessions index has been trading between 52710 and 52240. We need to wait for its breakout to trade directional. Be neutral and wait for market to trigger direction. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 52710 then we will long for the target of 53350+. For selling we need a 15 Min candle close below 52240. T- 51680. 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
4
Banknifty predi tion for tomorrow 10 July As we discussed, BANKNIFTY opened sideways and ended sideways with volatility in the uptrending channel. If we look at the chart now: The market is trading in the range of 52276-52676. The market is continuously taking support at 200 EMA. Also, the 1D time frame market is receiving support at 13 EMA, which might lead the market to go bullish. Support levels: 52276, 52000, and 51610 Resistance levels: 52676, 52816, and 53197 If we look at the OI data: PCR = 0.64, which shows a bearish behavior in the market. The market can be seen as very volatile between 52276 and 52676. There has been good CE writing on higher levels, which indicates that bears are powerful. The market should be sideways in the range, and if it breaks the range, it is going to give good momentum. Reason: RSI is 40-60; shows market sideways structure. Price = EMA(13, 50, 200) shows market is at make and break point. Soon, there will be good momentum on either side. PCR = 0.64 shows that the market is bearish. Price < VWAP shows a bearish market structure. Verdict: Neutral Plan of action: The morning 15-minute direction will determine the market direction. Once the direction is confirmed, make the position according to case 1 or case 2 as provided.
NSE:BANKNIFTY
by finnova_
1
Banknifty prediction for today 9 JulyAs we discussed, BANKNIFTY opened sideways and ended sideways with volatility. If we look at the chart now: The market is trading in the range of 52276-52676. Support levels: 52276, 52000, and 51610 Resistance levels: 52676, 52816, and 53197 200 EMA and 50 EMA is going to provide good suport and resistance. If we look at the OI data: PCR = 0.63, which shows a bearish behavior in the market. The market can be seen as very volatile between 52276 and 52676. There has been good CE writing on higher levels, which indicates that bears are powerful. I expect the market to be sideways in the range, and if it breaks the range, it is going to give good momentum. Reason: RSI < 40-60; shows market sideways structure. EMA(200) < Price < EMA(13,50) shows bearishness. If it breaks, the support trendline can give targets till 200-EMA. PCR = 0.63 shows that the market is bearish. Price < VWAP shows a bearish market structure. Verdict: Neutral Plan of action: The morning 15-minute direction will determine the market direction. Once the direction is confirmed, make the position according to case 1 or case 2 as provided.
NSE:BANKNIFTY
by finnova_
#Banknifty directions and levels for July 9th.Banknifty's structure is slightly different from Nifty, but it also indicates a range-bound market. If the market initially corrects, it may reach a minimum of 52233 to the demand zone. After that, if it finds support there, we can expect a minimum of a 38% bounce back in the minor swing. On the other hand, if it breaks the demand zone, the correction may likely continue. Alternatively, if the market initially pulls back, we can expect it to reach 52629 to 52796 with minor consolidation. Structurally, it could be an expanding flat. So, if it rejects around the supply zone, we can expect a correction.
NSE:BANKNIFTY
by Manickamtraders
Short Term Trading Opportunity in Reliance Ind or >7% upsideHi, NSE:RELIANCE has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily 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:RELIANCELong
by raigvivek
Banknifty prediction for tomorrow 8 July 24As we discussed, BANKNIFTY opened a gap-down and gave a nice bearish momentum to the downside. If we look at the chart now: The market is trading at the support trendline and also took a pullback to the upside in the last hour. The market is also taking resistance at 50-EMA. It might give either side momentum. There can be 2 cases as it's trading at the terminal point. Case 1 : If it opens up, it can continue bullish momentum. Case 2 : if it opens a gap-down to support the trendline, it might continue bearish momentum till 200-EMA. Support levels: 52385, 52081, and 200 EMA Resistance levels: 52827, 53500 If we look at the OI data: PCR = 0.71, which shows a neutral behavior in the market. The market can be seen as very volatile between 52500 and 53000. There is good PE writing at 52500 and 52000, which is going to provide good support. However, 53000, 53100, and 53200 have very good CE writing, which is going to provide a good resistance to the upside. I am expecting the market to be Case 1 : Take support here and again retest the upper resistance trendline. Case 2 : If it breaks to the downside, it can give a bearish target till 200 EMA. Reason: RSI < 40-60; shows market sideways structure. EMA(200) < Price < EMA(13,50) shows bearishness. If it breaks, the support trendline can give targets till 200-EMA. PCR = 0.71 shows that the market is neutral. Price < VWAP shows a bearish market structure. Verdict: Neutral Plan of action: The morning 15-minute direction will determine the market direction. Once the direction is confirmed, make the position according to case 1 or case 2 as provided.
NSE:BANKNIFTY
by finnova_
1