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Bank Nifty 27-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5200## Major Resistance - Around 5300## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 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 purposes and a helping hand to learn trading in the 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 the respective zone and 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 the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Bank Nifty Analysis June 27 2024 TRADE WITH CAUTIONLast Analysis Review: From my previous Bank Nifty analysis on June 26, 2024, we observed that “Scenario 2” (Sell if we see a strong resistance between 52900 - 53000) partially played out accurately. Now, let’s delve into the current scenario. Analysis: June 27, 2024 Short-Term View: Again Caution is advised as the market rises on sentiments ahead of the FINAL BUDGET 2024 presentation. Strong move is expected above 53000 or below 52349 in coming days Long-Term View: Despite short-term optimism, the higher time frames (e.g., 4-hour or 1-day) reveal weak technical aspects for Bank Nifty. Strong candles with small wicks may signal a fake breakout. With price consolidation between 52350 - 53000 we can see a break out on either side. We may expect a fake breakout above 53000 considering Budget 2024 around the corner. Banking News POSITIVE NEWS SBI raises Rs 10,000 cr via 15-year infrastructure bonds at 7.36% coupon Unambiguous commitment needed to bring down inflation to 4% target: RBI Governor Das ICICI Bank surpasses UBS to become 18th largest bank globally NEGATIVE NEWS Yes Bank restructures workforce, lays off 500 employees in cost-cutting move Farm loan waivers to negatively impact banks' asset quality: Macquarie T rading Scenarios: Scenario 1 (Gap Up): If Bank Nifty opens above or around 52,900, watch for resistance at 53,000. Consider buying above 53,000 with caution. Scenario 2 (Gap Down): If the price opens between 52,700 and 52400, Wait till it break strong support at 52360 on 30 Min time frame. With tight stop loss consider buying if price respects the support region. Sell if a strong breakout is seen below 52349, use a tight stop loss. Scenario 3 (Flat): Wait until BankNifty breaks previous day high or low on 30 minute time frame before going long or short. You can take small trade if you see BankNifty range bound movement between 52400 - 52900. But a strong move is expected above 53000 or below 52349 in coming days ✅ Bank Nifty Support and Resistance Levels: Intraday Resistance Zone: 52,700 - 53000 Intraday Resistance 1: 52,700 Intraday Resistance 2: 53,000 Intraday Resistance 3: 53,500 Intraday Support Zone: 52,349 - 52,460 Intraday Support 1: 52,681 Intraday Support 2: 52,349 Intraday Support 3: 52,000 🔍 Bank Nifty Options to Watch (July 3): Call Option: 52,700 CE Put Option: 52,500 PE Trade wisely and adapt to market dynamics! 🚀📊 #tradenxt #bankniftyanalysis #bankniftylivetrading #livetrading #stockmarketanalysis #stockmarketanalysis03july2024 #IntradayTrading #IntradayCalls #BankniftyPredictions #StockMarketPredictions #bankniftytomorrowprediction #niftyanalysis #niftypredictions #bankniftyoptions #niftyoptions #banknifty52700ce #banknifty53900ce #banknifty52500pe
NSE:BANKNIFTYShort
by kislaysumit
Short Term Trading Opportunity in HCC for > 20 % UpsideHi, NSE:HCC 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:HCCLong
by raigvivek
#Banknifty directions and levels for June 26th.Bank Nifty had a long rally, so if the market opens neutral to slightly gap-down, then structurally, it could also take a maximum 23 to 38% correction. After that, if it finds support around 38%, we can expect minor consolidation for the rally continuation. The alternative scenario differs a bit from Nifty. Bank Nifty has extended more compared to Nifty, so structurally, there is no possibility of a big correction, meaning the flat correction might not occur here. Conversely, if it breaks the 38% Fibonacci level, the zigzag variation may extend here, and that correction may reach a maximum of 61%. (Note: If the initial market takes a pullback and breaks the previous high, then the rally may continue further. However, the momentum could be less, so we can't expect a big rally. If we want a big rally, it would require a solid candle breakout or a minor consolidation around the immediate resistance level.)
NSE:BANKNIFTY
by Manickamtraders
2
Bank Nifty 26-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 519## Major Resistance - Around 529## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 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 purposes and a helping hand to learn trading in the 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 the respective zone and 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 the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
BankNifty Analysis 26 JUNE Short-Term Caution Amid Anticipation📈 Bank Nifty Analysis: Short-Term Caution Amid Anticipation Last Analysis Review: From my previous Bank Nifty analysis on June 25, 2024, we observed that “Scenario 1” (Buy above Gap up opening with 30-minute closing above 52,000) played out accurately. Now, let’s delve into the current scenario. Analysis: June 26, 2024 Short-Term View: Caution is advised as the market rises on sentiments ahead of the FINAL BUDGET 2024 presentation. Long-Term View: Despite short-term optimism, the higher time frames (e.g., 4-hour or 1-day) reveal weak technical aspects for Bank Nifty. Strong candles with small wicks may signal a fake breakout. Private Sector Bank Rally: Analysts at Macquarie expect healthy ROAs and ROEs for private sector banks over the next three years. These banks remain steady compounding stories, less affected by ECL regulations. External Debt Update: India’s external debt stands at $663.8 billion as of end-March 2024, rising by $39.7 billion from the previous year. Trading Scenarios: Scenario 1 (Gap Up): If Bank Nifty opens above or around 52,900, watch for resistance at 53,000. Consider buying above 53,000 with caution. Scenario 2 (Gap Up with Resistance): If the price opens between 52,900 and 53,000, be prepared for resistance. Sell immediately within the first 15-30 minutes if a strong breakout above 53,000 doesn’t occur. Use a tight stop loss. Scenario 3 (Flat or Small Gap Down): Wait until Bank Nifty breaks below 52,349. ✅ Bank Nifty Support and Resistance Levels: Intraday Resistance Zone: 52,746 - 52,987 Intraday Resistance 1: 52,746 Intraday Resistance 2: 52,984 Intraday Resistance 3: 53,561 Intraday Support Zone: 52,537 - 52,460 Intraday Support 1: 52,460 Intraday Support 2: 52,300 Intraday Support 3: 52,000 🔍 Bank Nifty Options to Watch (June 26): Call Option: 52,700 CE Put Option: 52,500 PE Trade wisely and adapt to market dynamics! 🚀📊 #tradenxt #bankniftyanalysis #bankniftylivetrading #livetrading #stockmarketanalysis #stockmarketanalysis24june2024 #IntradayTrading #IntradayCalls #BankniftyPredictions #StockMarketPredictions #bankniftytomorrowprediction #niftyanalysis #niftypredictions #bankniftyoptions #niftyoptions #banknifty52700ce #banknifty53900ce #banknifty52500pe
NSE:BANKNIFTY
by kislaysumit
BANKNIFTY Prediction for tomorrow 26 JunAs we discussed, BANKNIFTY opened a side gap down and then gave a really nice bullish momentum to the upside. If we look at the chart now: The market has broken an all-time high and is going HH. I am expecting the market to move further upward till the 53000 as of now. Support levels: 52000, 51255, and 50494 resistance levels: 53185 and 54163 If we look at the OI data: PCR = 1.61, which has changed from 1.09, shows the very bullish nature of the market. Today, all CE seller exited their positions on lower levels. And new PE additions have been made on the lower side. 52500 is Max-pain. There is not a good resistance level on the higher side till 53000 right now. I am expecting the market to move with good volatility in the range of 52000-53185. Reason: RSI = 70, showing divergence, which might lead it to a sideways market. Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.33, which shows the market is strongly bullish. Price > VWAP shows a bull market structure. Verdict: Sideways or Bullish Plan of action: Sell 53000 CE and Sell 52000 PE (Hedge it with 20/- premium CE) Tomorrow is the expiry of trade with caution. There might be big fluctuations in the options premiums.
NSE:BANKNIFTY
by finnova_
BANK NIFTY - TIME TO SELL & RUN AWAY ?Symbol - BANKNIFTY CMP - 51720 BANKNIFTY is following a rising channel & headed towards its higher end. Currently It is trading 51600 - 51750 & trying to break it on upside. According to my analysis, BANKNIFTY will face strong resistance around round level 51500 - 52000 which is also upper end of the rising channel. In case it breaks it on upside, A breakout fail scenario is highly likely. I'm expecting Nifty Bank to show a reversal from these levels & It may witness a strong profit booking. Hence I am creating huge short positions in Bank Nifty July Futures at CMP 51720 I will add more position at 52000, if comes & will hold with SL of 52200 Targets I'm looking for on downside will be 49260 - 48000 & In case If it breaks this rising channel on downside, We may see huge fall till 45500 - 45600 which is the ultimate target if any major correction happens. RR is very favorable here. That's why taking more position than usual. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BANKNIFTYShort
by akshit_official
BN super BULLISH, next stop is 52500? 1:6 RR SetupBank Nifty was trading in a small range for last few days and completed time wise correction. Bears failed to hold it below 50050(.786 fib level), so high chances of hitting 100% and goes up in extension to hit the channel top. As per daily time frame Super Trend and fib channel we have a great opportunity in long with small SL. Stop Loss below 50130 candle close (1 hour) Targets - 51000, 52600 and 53000 Bank nifty is bullish in Monthly, weekly and hourly time frames as per Ichimoku. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYLong
by WaveMoku
1
Banknifty analysis for tomorrow 24 Jun As we discussed, BANKNIFTY opened high at resistance and fell to 50 EMA. I also updated the chart during the day to protect profits. After that, it became a roller coaster having a sideways wild move. If we look at the chart now: The market is having huge volatility, taking support at 50 EMA again and again, which shows a healthy bullish structure. Support levels: 51275 and 50723 resistance levels: 51833 and 52400 If we look at the OI data: PCR = 1.08, which has changed from 1.09, shows mostly profit booking on both sides of the market. If we look at the last 2 hours, there was only CE and PE windoff. CE winding off was much larger than PE windoff. 51500 is working as max-pain. 52000 and 52500 have huge CE writing, and on lower levels, 51000 is going to provide very nice support as it has huge PE writing. If we look at CE writing, it is way more than PE writing today. I am expecting the market: Case 1 : Sideways in range 51275 - 51833 . Case 2 : Go with the breakout on either side; it breaks. Reason: RSI 40-60 indicating sideways momentum; Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.08, which shows the market is still in the bull's favor. Price > VWAP shows a bull market structure. Verdict: Sideways or Bullish Case 1 : Sideways in the range 51275 - 51833. Case 2 : Go with the breakout on either side; it breaks. Plan of action: Case 1 : Sideways-> Sell 51500 CE and 51500 PE (Hedge it with 20/- premium CE) Case 2 : Exit the opposite position on either side. It breaks the range.
NSE:BANKNIFTY
by finnova_
#Banknifty directions and levels for June25th.Good morning, friends! 🌺🍬 Here are the directions for June 25th: There is no significant difference. The global market is showing a moderately bullish sentiment, based on the Dow Jones. Our local markets are also maintaining this moderately bullish sentiment. However, today, the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows an increase of 35 points (as of 8:00 AM). Nifty and BankNifty are still maintaining the range-bound structure, so structurally, today might continue in this manner. If we search for a range breakout, we can see a flag pattern (chart pattern) in both Nifty and BankNifty. This means yesterday's pullback has the flag pattern structure. But what is the probability here? I will explain it in detail. 1. The first thing is it's a range-bound market. 2. The second thing is there is a flag pattern formed within the range. 3. If we look at the nature of the flag pattern, it is a trend continuation pattern in a trending market. 4. But what's here? This is a range market, so the pattern's success probability is less. 5. So, if the market takes a bullish bias initially, we can expect 78% of the pole length in the flag pattern. After that, if it consolidates, then the rally will likely continue. Alternatively, if the gap-up doesn't sustain, then the range market will likely continue. Trading in a range market is a bit difficult. However, we could enter only if it breaks the downside 38% Fibonacci level.
NSE:NIFTY
by Manickamtraders
#Banknifty directions and levels for June25th. BankNifty has still maintaining the range-bound structure, so structurally, today might continue in this manner. If we search for a range breakout, we can see a flag pattern (chart pattern) in BankNifty. This means yesterday's pullback has the flag pattern structure. But what is the probability here? I will explain it in detail. 1. The first thing is it's a range-bound market. 2. The second thing is there is a flag pattern formed within the range. 3. If we look at the nature of the flag pattern, it is a trend continuation pattern in a trending market. 4. But what's here? This is a range market, so the pattern's success probability is less. 5. So, if the market takes a bullish bias initially, we can expect 78% of the pole length in the flag pattern. After that, if it consolidates, then the rally will likely continue. Alternatively, if the gap-up doesn't sustain, then the range market will likely continue. Trading in a range market is a bit difficult. However, we could enter only if it breaks the downside 38% Fibonacci level.
NSE:BANKNIFTY
by Manickamtraders
BankNifty Intraday Support & Resistance Levels for 25.06.2024BankNifty opened gap-down on Monday, reacted from the 125m demand zone mentioned previously, and closed near the day's high. The weekly trend (50 SMA) is positive, while the daily trend remains sideways. Support Levels: Near support/demand zone (125m) for weekly trades: 50,879 - 51,213 Near support/demand zone (30m) for intraday: 51,161 - 51,357 Far small support/demand zone (15m): 50,597 - 50,765 As the daily trend is still sideways, taking confirmation entries for long trades in the 125m demand/support zone is advised. There are no supply/resistance zones seen on the chart as of today.
NSE:BANKNIFTY
by PriteshPal
Short Term Trading Opportunity in HPL Electric for 15% upsideHi, NSE:HPL 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:HPLLong
by raigvivek
2
BANKNIFTY Intraday Trade Setup For 26 Jun 2024BANKNIFTY Intraday Trade Setup For 26 Jun 2024 Bullish-Above 52000 Invalid-Below 51890 T- 52550 Bearish-Below 51100 Invalid-Above 51210 T- 50570 BANKNIFTY jas closed on a flat note making it close inside 52k and 51100 range once again. Since last 3 sessions index has been trading inside this 900 points range. It opened with a gap down and 10 o'clock range was to be used as per trade setup, range broke upside above 51400 and gave a very good move till 51780. Tomorrow we will trade the discussed 900 points range breakout, keep non directional approach if not. Coming to Tuesday's trade setup, if index opens flat and a 5 Min candle closes above 52k then we will long for the target of 52550. For selling we need a 15 Min candle close below 51100. T- 50570. 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
Bank Nifty 25-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 511## Major Resistance - Around 519## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 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 purposes and a helping hand to learn trading in the 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 the respective zone and 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 the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121