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Bank Nifty 13-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with support of R/1 Sell - with rejection of PDL Major Support - Around 489## Major Resistance - Around 502## 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 do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY Intraday Trade Setup For 13 Jun 2024BANKNIFTY Intraday Trade Setup For 13 Jun 2024 Bullish- Above 50300 Invalid-Below 50190 T- 51000 Bearish- Below 49500 Invalid- Above 49610 T- 48700 BANKNIFTY has closed with a slight gain of 0.38% gain today. Index has been trading sideways since last 3 session. Premiums have been adjusted to normal pricing. Since the start of this week we discussed that index is likely to form an inside candle in weekly TF which is happening and implication of that will be compressed moves. Tomorrow once again we will follow non directional approach between 50300 and 49500. Breakout of this range will trigger directional move. Wedge formation indicates bulls are trying to take control again. Coming to Thursday's trade setup, if index opens flat and a 15 MIN candle closes above 50300 then we will long for the target of 51k. For selling we need a 15 MIN candle close below 49500. T- 48700. 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
Nifty & Bank Nifty Analysis For 13 June 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis 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:NIFTYShort
by TheStockMantra
BankNifty Support & Resistance Levels for 12.06.2024BankNifty remained in a range yesterday and did not make significant moves to touch either the demand or supply zones. The weekly trend (50 SMA) is positive, while the daily trend remains sideways. Support/Demand Levels: Near Small Support/Demand Zone (15m): 49,225 - 49,451 Near Support Zone (15m): 48,801 - 49,055 Far Support Zone (75m): 47,386 - 48,245 Resistance/Supply Levels: Near Supply/Resistance Zone (15m): 50,018 - 50,100 Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20 (remains the same)
NSE:BANKNIFTY
by PriteshPal
#Banknifty directions and levels for June 12th.Good morning, friends! 🌺🍬 Here are the directions for June 12th: There are no significant changes in the global and our market. It is still maintaining a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 40 points. We are going to follow yesterday's sentiments. Nifty and BankNifty both consolidated in the previous session as well. It's a range-bound market, so the market may consolidate within the range of the past two trading sessions. However The proper statement is: if the market opens neutral, or if it takes support around the immediate support level, then we can expect a minimum of a 78% bounce back in the minor swing. the rally will continue only If it breaks the previous high. otherwise the range only will continue. Alternatively, if the market takes a sharp decline initially, we can expect the correction to continue with minor consolidations around 23,029 for Nifty and 49,268 for BankNifty. Here, the structure is important. If it has a solid reddish candle, we can expect a correction; otherwise, the range may continue further.
NSE:BANKNIFTY
by Manickamtraders
3
BANKNIFTY Intraday Trade Setup For 12 Jun 2024BANKNIFTY Intraday Trade Setup For 12 Jun 2024 Bullish-Above 50000 Invalid-Below 49890 T- 50750 Bearish-Below 49500 Invalid-Above 49610 T- 48700 BANKNIFTY has closed with a slight cut of 0.15% cut today. Nothing was triggered as per trade setup, traded between 400 points range. Index is consolidating and premiums are getting to its normal value after event. It has formed a spinning top candle in daily TF which indicates indecision in market, direction missing market. If index breaks the plotted trendline and sustains above 50k then a short covering move is possible. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 50k then we will long for the target of 50750. For selling we need a 15 Min candle close below 49500. T- 48700. 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 12-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDL Sell - with rejection of PDL Major Support - Around 489## Major Resistance - Around 502## 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 do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
BankNifty Support & Resistance Levels for 11.06.2024BankNifty entered the supply/resistance zone (above 50,092) mentioned in the last post and, due to selling pressure at higher levels, made a day low of 49,622.75, down from the top of 50,252.95. The weekly trend (50 SMA) is positive, while the daily trend is sideways. Support Levels: Near Support Zone (15m): 48,801 - 49,055 (remains the same) Far Support Zone (75m): 47,386 - 48,245 Resistance Levels: Near Resistance/Supply Zone (15m): 50,018 - 50,100 Major Resistance/Supply Zone (Daily): 50,092 - 51,133.20 (remains the same)
NSE:BANKNIFTY
by PriteshPal
#Banknifty directions and levels for June11th.Good morning, friends! 🌺🍬 Here are the directions for June 11th: There are no significant changes in the global market. It is still maintaining a moderately bullish sentiment based on the Dow Jones, while our local market also maintains a bullish trend. Today, the market may open with a neutral start, as indicated by GiftNifty, which shows an increase of 30 points. Nifty and BankNifty both have the same sentiment; both consolidated in the previous session. So, as usual, structurally it’s a bullish trend, but we should wait for the range breakout. If it breaks, we can expect the rally to continue. If you want precise directions, here is a step-by-step guide: > In the short term, the market is moving within a minor range. If the market opens neutrally, we can initially expect range continuation. That means if the market takes a pullback initially or if it takes support around the immediate support level, the market may bounce back a minimum of 78% in the minor swing. > The rally will continue only if it breaks the previous high. > The correction may be expected only if the market takes a sharp decline initially. If the decline sustains, we can expect the correction to continue with minor consolidations around 49,268 for BankNifty.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 11 Jun 2024BANKNIFTY Intraday Trade Setup For 11 Jun 2024 Bullish-Above 50300 Invalid-Below 50190 T- 51000 Bearish-Below 49550 Invalid-Above 49660 T- 48730 BANKNIFTY opened absolutely flat and closed absolutely flat today. Intraday moves were choppy. It has formed a shooting star in daily TF and chance of a corrective move of the rise from 46100 is high. Below 49550 we may test 48700 zone. Chances of an inside candle looks high in weekly TF. 50300 will be important for any upside trigger, probably towards ATH. 48700 zone can act as an intraday support tomorrow. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 50300 then we will long for the target of 51k. For selling we need a 15 Min candle close below 49550. T- 48700. 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 11-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDL Sell - with rejection of PDL Major Support - Around 489## Major Resistance - Around 502## 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 do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
#Banknifty directions and levels for June 10th.BankNifty also has the same sentiment, but the levels are slightly different: > If the market breaks the 78% Fibonacci level on the upside, we can expect a minimum move to 50,557. This is a supply zone, so if the market rejects there, we can expect a minimum correction of 38% in the minor swing. or If it consolidates there(around supply zone), then the rally will likely continue. > On the other hand, if the market takes a correction, it may consolidate between the level of the minor demand zone at 49,547. However, if it breaks the minor demand zone, then the correction will likely continue. We can expect a minimum move to 49,129 to 48,772.
NSE:BANKNIFTY
by Manickamtraders
07 June 2024 - BankNifty not as bullish as Nifty, who will be FMWho will be the next finance minister would be something that Banks and Financial services sector would be keenly watching. For a stronger banking sector, we might need a tougher PM - someone who can make rational decisions. Will people who did not contest Lok Sabha elections be given a financial ministry berth? I hope not, personally I think FM is more important to stock markets than PM and Banks are the heartbeat. A stronger bank and a powerful central banking system will propel India to a powerful economy in a shorter time span. On the other hand, a weaker bank and ratifying middle class (of course with the non-considerate tax policies) will slow us down. Technically the stance is still bullish on BankNifty, but we are yet to reclaim the tops.
NSE:BANKNIFTYLong
by viswaram
Bank Nifty 10-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of s/1 and s/2 Sell - with rejection of R/1 and R/2 Major Support - Around 493## Major Resistance - Around 505## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to fallow... 1) Wait for conformation. 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 purpose and a helping hand to learn trading in 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 respective zone 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 comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Nifty & Bank Nifty Analysis For Next Week 10 June-14 June 2024In 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:NIFTYLong
by TheStockMantra
Banknifty prediction for today 7 Jun 24As we discussed yesterday, Banknifty traded in a sideways-bullish zone. If we look at the chart now: The market has taken support from 200 EMA. The market is trading above EMA, which shows that the market is really bullish right now. There is also a bullish EMA(13, 50) crossover, which indicates that the market is in a bullish phase now. also, we got a golden crossover, which shows the market's strong bullish structure. Support levels: 48937, 48639, and 47547 resistance levels: 49600, 50503, and 50919 If we look at the OI data: PCR = 0.62, which has decreased from 0.82, shows a mild bearish sign in the market. There is no such max-pain that means the market can easily achieve 49500, which shows a significant CE writing on higher levels. Next, good CE writing is at 50000, which is also at the psychological level. On the other hand, the lower side, at 48500 and 49000, has good PE writing. VIX has also decreased significantly, which indicates volatility is being controlled. I am expecting the market: Case 1: Sideways in range of 48937 - 49600. Case 2: Bullish if it breaks 49600 to the upside. Reason: RSI > 60 shows a bullish structure. Price > EMA(13, 50, 200), which indicates a Bullishmarket structure. EMA Golden crossover of EMA(50, 200). PCR = 0.62 has decreased from 0.82, which is a sign of worry that might lead to a sideways if 200 EMA holds good support. Price > VWAP shows a Bullish market structure. Verdict: Sideways in range of 48937 - 49600. bullish if it breaks 49600 to the upside. Plan of action: Case 1 : Sideways: Sell 48900 PE & 49500 CE (Hedge it with 20/- premium options) Case 2 : Exit 49500 CE if it breaks to the upside.
NSE:BANKNIFTY
by finnova_
Bank Nifty 07-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDH Sell - with rejection of PDL Major Support - Around 480## Major Resistance - Around 505## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to fallow... 1) Wait for conformation. 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 purpose and a helping hand to learn trading in 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 respective zone 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 comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121