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Bankniftytradesetup

Bank Nifty crossed the level of 50,000 for first time ever ...!The market witnessed the session of june 3 with Robust gains, following Exit polls results. After Big Gap up opening Bank Nifty remained in postivie momentum & closed near 51000 level A Big Bullish candle is formed on daily chart The imp upside hurdle is placed around 51200 level whereas downside support is around 50000 zone Track for price to form Price Action Patterns at Imp Levels, However market may show volatility during the Election Results on june 4 Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:BANKNIFTYLong
by Himanu_HATradeTalk1
03 Jun 2024 - BankNifty has more steam left even after 4% rallyLast week we wrapped up the discussion saying BankNifty is looking more bullish than Nifty. We also said the torch bearer would be Banks in case of a positive scenario. India's growth story will have to come via Bank's is their base case, this explains the 40% plus dependency of the index on Financial Sectors. BankNifty managed to close higher than the open value, almost 2000pts ~ 4% in what became a mega gap. The new ATH is 51106, notice that we managed to conquer 51000 levels too. Our stance is bullish with the first support at 49937 levels. Once the counting is in progress tomorrow - we could expect real volatility and fake moves too. We would get exact clarity only by Wednesday, Jun 5th, incidentally it's an expiry day too.
NSE:BANKNIFTYLong
by viswaram
Short Term Trading Opportunity in Cummins India for >15% UpsideHi, NSE:CUMMINSIND has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on 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:CUMMINSINDLong
by raigvivek
BANKNIFTY Intraday Trade Setup For 3 May 2024 | Loksabha TradingBANKNIFTY Intraday Trade Setup For 3 May 2024 Bullish-Above 49150 Invalid-Below 49000 T- 50570 52170 BANKNIFTY has closed on a neutral note last week unlike NIFTY being on a slight bearish note. This means that there is a divergence of strength which will lead BANKNIFTY being stronger than NIFTY in the coming days. As per Exit Polls it looks that there can a huge short covering rally ahead of result day. In the coming days 52250 zone can be tested. High chance of a big gap up on Monday so follow 10 o'clock range breakout. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 49150 then we will long for the target of 52170. High chance of a gap up so follow 10 o'clock range to build trade with calculated risk. 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
State Bank of India can show momentum outside the narrow Range Stocks to Keep in Radar for Next Week ⏩ SBIN ⏩ NMDC ⏩ BHEL ⏩ DLF SBIN is consolidating in narrow range from past many sessions If decisively sustains outside the Box range, directional movement could be possible However in case of Bearish pattern at upper end of range it may come back to prev week's range Important downside support is around 800 zone whereas upside hurdle is aroud 845/850 level *Election Results can create Volatility in the Maket Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:SBIN
by Himanu_HATradeTalk1
BULL CALL SPREAD BANK NIFTY FOR 05 JUNE EXPIRYBANK NIFTY Bull Call Spread for Election Result Expiry BUY 4 Lots BANK NIFTY 05 JUN 49000 CE BUY 1 Lot BANK NIFTY 05 JUN 50000 CE SELL 4 Lots BANK NIFTY 05 JUN 49500 CE Margin Required : 84,409 Max Profit : Unlimited Max Loss : 24,675 (29%) Break Even at Expiry : 49,411 Target 1 : 50543 (3%) Projected Profit 13,400 (15%) Target 2 : 50943 (4%) Projected Profit 20,733 (25%) Target 3 : 51,433 (5%) Projected Profit 28,070 (33%) Stop Loss : None/ As per your risk
NSE:BANKNIFTYLong
by jbmaan
Analysis Next Week 03-07 June 2024 | Lok Sabha Election ResultsIn 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:NIFTY
by TheStockMantra
2
31 May 2024 - BankNifty stance is neutral, slightly bullish toneBankNifty was unable to break the 48947 resistance today, except for the 10.18 candle, rest 5 candles touched the 48947 resistance level. In 3 instances we went above, but could not sustain. If any of the candles closed above this level, I would have changed the stance to bullish. As of now maintaining the neutral stance with a slightly bullish tone. All eyes are on the election exit polls today and then the actual results on June 4th. Banks and financial sectors will be the first to react to any news, rumors, or press releases. Unlike other developed markets, finances are the most important sector in our listed space. Copy pasting my expectations for markets next week, post election results 1. 400+ seats - up 5%+ 2. 270 to 399 seats - down 5 to 10% 3. less than 270 seats - down 25%
NSE:BANKNIFTY
by viswaram
Banknifty prediction for tomorrow 3 June | MondayAs we discussed, the Banknifty sideways and bullish structure market gave a volatile move in the uptrending channel range, as we discussed in case 1. If we look at the chart now: The market took very nice support from 200 EMA and is moving in an uptrending channel. The market is also making an inverted Flag & pole pattern, which is a bearish pattern. If the market breaks the pattern to the downside, it might make a nice bearish move. Support levels: 200 EMA, 448487, 48223, 48000 resistance levels: 49061, 49315, 49650 If we look at the OI data: PCR = 0.76, which has fallen from 0.82, shows the market is turning to a bearish side. 49000 is max pain. Maximum positions have been added at 49500 and 50000. on the lower side, 48500 and 48000 People are making Strange for election results. That can also be seen on the chart. People are making short strangle in a wide range as premiums are already skyrocketing. I am expecting the market: Case 1 : Sideways in the uptrending channel. Case 2 : if the market breaks the channel to the downside, the market will turn bearish. With a good volatility market in upcoming sessions because VIX is 24.60. Reason: RSI is 40-60 shows a sideways structure. Price > EMA(13, 50, 200), which indicates a bullish market structure, but as it is moving in the channel bullish direction is not yet confirmed The last two candles have given good volume at the buy candle as well as good volume at the sell-off, which indicates sideways market pressure. PCR = 0.82 shows good market bullish sign. Price > VWAP shows that a bullish market structure. Verdict: Sideways in the channel and bearish if it breaks to the downside. Plan of action: Case 1: Sideways: Sell 49200 CE & 48500 PE (Hedge it with 50/- premium options) Case 2: Bearish: Sell 49200 CE (Hedge it with 50/- CE option)
NSE:BANKNIFTY
by finnova_
#Banknifty Directions and Levels for May31st.The Banknifty structure differs slightly from Nifty, but the sentiment is the same. The current variation suggests that if the initial market takes a solid pullback and breaks the level of 48938, we can expect it to reach 61%. Notably, the market will continue the rally only if it sustains above the level of 48938. If it doesn't sustain above this price, the range market might continue. Alternatively, if the initial market corrects, the downside 61% Fib level will act as minor support. My personal opinion is that if the market declines initially, it may enter a range market.
NSE:BANKNIFTY
by Manickamtraders
BankNifty Support & Resistance Levels for 31.05.2024Yesterday, BankNifty took support at the 75-minute zone (48,216 - 48,410) mentioned in the last two posts and bounced up to the near supply zone (49,043 - 49,187), as indicated in the previous post. Support Levels: Near Support Zone (75m): 48,216 - 48,410 (remains the same) Far Support: 48,017 (61.8% FIBO level of the last swing) Further Down Support Zone (125m): 47,435 - 47,959 Resistance Levels: Near Resistance Zone (30m): 49,186 - 49,320 (remains the same) Far Resistance Zone (75m): 49,502 - 49,689 (remains the same)
NSE:BANKNIFTY
by PriteshPalan
Bank Nifty showed Recovery today & closed with gains Bank Nifty showed opposite direction movement as compared to NIfty index today The Index bounced sharply from 48300 level after market opening & remained in positive zone. A Positive candle is formed on daily chart The imp upside hurdle is placed around 49100 level whereas downside support is around 47300/200 zone Track for price to form Price Action Patterns at Imp Levels, However market may show volatility during the last phase of elections Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:BANKNIFTY
by Himanu_HATradeTalk1
30 May 2024 - BankNifty defended 48661 quite aggressively todayBankNifty Stance Neutral ➡️ BankNifty had an awkward-looking opening today, a decent gap-down, and breaking the 48661 support. The intraday lowest point was the level at which we opened today. More importantly, we retraced the fall and even re-tested the 48947 levels. Fortunately for the bears, 48947 resistance was not broken, if it had given away - then we would have been forced to go long. Between 14.55 to 15.15 we tested the support levels of 48661 and it was defended again. The final closing is so positive for the banks that I am really worried about how Nifty50 is going to gather momentum for a breakdown. We might have to break either of the 48661 or 48947 levels tomorrow and be prepared for what is coming next week. I seriously hope we find some bearish momentum soon.
NSE:BANKNIFTY
by viswaram
Banknifty analysis for tomorrow 31 MayAs we discussed, the Banknifty bearish or Sideways structure market gave a volatile move in range, as we discussed in case 1. If we look at the chart now: The market took very nice support from 200 EMA. And it was quite volatile for the whole day. The Price is struggling to break the 50-EMA resistance. The market is going to be sideways in the range of 48487-48899 unless it breaks to the upside (high probability). If we look at the OI data: PCR = 0.82, which has risen from 0.63. shows a good amount of PE writing on the lower side. There has been good CE and PE writing at 48500 and 49000. The next support point is 48000 on the lower side and 49500 on the upper side. People are making Strange for election results. I am expecting Case 1: Sideways in the range 48487-48900. Case 2: if the market breaks 48900 to the upside- Bullish With a good volatility market in upcoming sessions because VIX is 24.2. Reason: RSI is 40-60 shows a sideways structure. (Bearish) EMA(50) > Price > EMA(200), which indicates indecisive or rather sideways market. The market has taken support from 200 EMA, which might lead to a bullish market in the upcoming session. The market has given a good volume spike that shows this level is good support. PCR = 0.82 shows good market bullish sign. Price> VWAP shows that a bullish market structure can lead to a Bull market. Verdict: Sideways (70% chances) or Bullish (30% chances) Plan of action: Case 1: Sideways: Sell 48500 PE & 48900 CE (Hedge it with 50/- premium options) Case 2: Bullish: Sell 48600 PE (Hedge it with 50/- CE option)
NSE:BANKNIFTY
by finnova_
#Banknifty Directions and levels for May 30th.BankNifty also has the same sentiment. If the market finds support around the immediate support level, then we can expect a minor pullback that will take a max of 23 to 38%. After that, if it gets rejected there, then the correction will likely continue. On the other hand, if the pullback breaks the 38% Fibonacci level, it could turn into a range market between the upcoming low to the 61% Fibonacci level. Alternatively, if the gap-down sustains and breaks the immediate support with some consolidation or immediately, then the correction will likely continue.
NSE:BANKNIFTY
by Manickamtraders
bullish breakout of weekly flag and pole pattern in IRFCA Bullish Flag and Pole pattern is visible on the Daily chart of NSE:IRFC The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price. MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions. The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided. Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose. I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
NSE:IRFCLong
by raigvivek
2
Bullish Flag Breakout in SJVNIntroduction: SJVN Limited, a Mini Ratna, Category-I and Schedule –‘A’ CPSE under administrative control of Ministry of Power, Govt. of India, was incorporated on May 24, 1988 as a joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP). SJVN is now a listed Company having shareholders pattern of 55.00% with Govt. of India, 26.85% with Govt. of Himachal Pradesh and rest of 18.15% with Public. The present paid up capital and authorized capital of SJVN is Rs. 3,929.80 Crore and Rs. 7,000 Crore respectively. The Net Worth as on 31.03.2023 is Rs.13821.97 Crore. Analysis A Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:SJVN The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price. MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip near Rs.78-81 levels with the stoploss of Rs. 70 on weekly closing basis for the following targets 85.15, 89.25, 96.05, 100.15, 105.65,111.50 and 116 Risk Disclaimer: The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions. The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided. Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose. I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
NSE:SJVNLong
by raigvivek
1.5 years long bullish Inverted Head & Shoulder Breakout A Bullish Breakout of Inverted Head and Shoulder pattern is visible on the Daily chart of NSE:WIPRO The shoulder is exactly at 0.236 fib retracement level. and the target is nearly at 0.50 fib level. MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
NSE:WIPROLong
by raigvivek
BANKNIFTY Intraday Trade Setup For 30 May 2024BANKNIFTY Intraday Trade Setup For 30 May 2024 Bullish-Above 48700 Invalid-Below 48590 T- 49230 Bearish-Below 48350 Invalid-Above 48460 T- 47625 BANKNIFTY has closed on a bearish note with 1.3% cut today. Index opened with a big gap down of 355 points. 10 o'clock range was to be used as per setup, range broke downside below 48770, trade gave almost 1:4 gain till 48405 with slow momentum. Tomorrow if 48350 acts as a initial support then a bounce towards 48700 zone is possible. In case index breaks 48350-30 then a gradual fall towards 47625 is possible. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 48700 then we will long for the target of 49230. For selling we need a 15 Min candle close below 48350. T- 47625. 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 witnessed correction for 4th straight sesion Nifty remained in negative trend in today's session & closed near 22700 level Market continued with its correction phase for another session Investors seek to book profit in Mixed Global cues & ahead of imp US PCE Core data. A Bearish candle is formed on daily chart The imp upside hurdle is placed around 22850/900 level whereas downside support is around 22600 zone Track for price to form Price Action Patterns at Imp Levels, However market may show volatility during the last phase of elections Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:NIFTY
by Himanu_HATradeTalk1