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Bankniftytradesetup

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 PriteshPalan
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
#Banknifty Directions and levels for june24th.Good morning, friends! 🌺🍬 Here are the directions for June 24th: 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 gap-down start, as indicated by GiftNifty, which shows a decrease of 75 points (as of 8:00 AM). Nifty and BankNifty have both been maintaining a range-bound structure, with no significant changes. However, GiftNifty is indicating a negative start today. If the market breaks below the current range, a correction may be expected. Conversely, if it finds support at the immediate support level, it will likely return to its range. This is the basic structure we are observing. Additionally, I will share one thing: it has been a long consolidation period, so if it breaks, it could lead to a sharp correction. To determine if the correction will continue, we should check the volume and open interest (OI). If both increase, we can assume the correction may continue further. If they do not, we can't expect a significant correction.
NSE:BANKNIFTY
by Manickamtraders
2
BankNifty Intraday Support & Resistance Levels for 24.06.2024BankNifty had a very volatile session on Friday and closed down 122 points. The weekly trend (50 SMA) remains positive, while the daily trend is still sideways. Support Levels: Near Support/Demand Zone (125m): 50,879 - 51,213 Far Support/Demand Zone (15m): 50,597 - 50,765 Given that the daily trend is still sideways, taking confirmation entries for long trades in the 125m demand/support zone is advisable. There is no visible supply/resistance zone on the chart, but selling pressure from higher levels is expected.
NSE:BANKNIFTY
by PriteshPalan
Bank Nifty 24-06-2024 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 5100# Major Resistance - Around 5200# 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
Monthly Expiry Special Nifty & Bank Nifty Next Week 24-28 JuneIn this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances. #TheStockMantra #MarketAnalysis #LearnStockMarket
NSE:BANKNIFTYShort
by TheStockMantra
BANKNIFTY analysis for today 21 JUNAs we discussed, BANKNIFTY was in the sideways channel today, If we look at the chart now: The market had a bearish momentum from resistance initially, but after that, it took support and went high till the given level. Support levels: 51163, 50485, and 49700 or 200 EMA resistance levels: 51836 and 52450 If we look at the OI data: PCR = 1.09, which has decreased from 1.34, shows a bearish sign in the market. 50450 is working as max-pain. There has been a huge CE Writing at 51400 and 51500. I am expecting the market: Case 1 : Sideways in range 51163-51836. Case 2 : Bearish if breaks to downside. Reason: RSI > 50 is showing divergence, which might lead to some corrections. Price > EMA(13, 50, 200), which indicates the bull market. PCR = 1.09, which has decreased from 1.34, shows a bearish market. Price> VWAP shows a bull market structure. Verdict: Sideways or Bearish Case 1 : Sideways in range 51163-51836. Case 2 : Bearish if it breaks the 51163 to the downside. Plan of action: Case 1 : Sideways-> Sell 51500 CE and 51500 PE (Hedge it with 20/- premium CE) Case 2 : Bearish: Keep Sell 51500 CE (Hedge it with 20/- premium CE)
NSE:BANKNIFTY
by finnova_
1
#Banknifty directions and levels for June 21st.Bullish sentiment: > We previously discussed that the market is in the 4th subwave. This is still the case, so we expect a range-bound market today. > If the market breaks the range on the upside, we can expect the 5th wave rally. However, the 5th wave is a distribution phase, > so even with an upside breakout, the market might not move significantly. > A sharp rally can be expected if the market breaks the immediate resistance effectively or consolidates around it. Otherwise, significant movement is unlikely. Bearish sentiment: The same sentiment applies on the downside. If the market finds support at the immediate support level, the range will likely continue. If it breaks the immediate support, we can expect the correction to continue.
NSE:BANKNIFTY
by Manickamtraders
2
BankNifty Intraday Support & Resistance Levels for 21.06.2024BankNifty reacted exactly from the 5m supply zone mentioned in yesterday's post. The weekly trend (50 SMA) is positive, but the daily trend is still sideways. Support Levels: Near Support/Demand Zone (125m): 50,879 - 51,213 (remains the same) Far Small Support/Demand Zone (15m): 50,597 - 50,765 (remains the same) As the daily trend is still sideways, taking confirmation entries for long trades in the 125m demand/support zone is advised. Resistance Levels: Currently, there are no supply/resistance zones seen on the chart.
NSE:BANKNIFTY
by PriteshPalan
20 Jun 2024 Govt. planning to raise taxes, help retail traders??BankNifty Stance Bullish ⬆️ Unlike Nifty, banknifty had more stability today but yesterday's outlier performance had its implications today. The premiums of CALL options were too pricey, which then normalized as the day progressed. Do not really know how the banks have so much of a firepower to keep going up, we are at the top and the banks are hungry for more. From a macro perspective, we have two news speculations/rumors going around Govt. of India is planning to increase taxation to prevent HFTs and Algo firms from exploiting the retail traders. Govt. of India is planning to increase taxes on FnO, and make it a speculative model (similar to lottery and crypto) to discourage retail traders from losing. I see the Govt. being opportunistic and raising the taxes by sugar coating the narratives. Too much of taxes will spoil this industry and the main thing that got the current government re-elected was the perception of the Indian economy through the lens of stock markets. The stance on BN continues to be bullish, we are all actively watching the space to know when we run out of steam - till then the dance should not stop.
NSE:BANKNIFTYLong
by viswaram