Tata Motors Swing IdeaStock has reacted to the daily demand zone
It also has confluence on 50 Ema
It is also bullish on 4HR timeframe
Note : this is not Financial advise or be treated or be endorsed as financial advise
Bankniftytrend
BankNifty Intraday Support & Resistance Levels for 16.08.2024Support Levels:
Major Demand/Support Zone (Weekly): 49530 - 50253 (currently inside the zone)
Far Support: 48858 level (61.8% FIBO Retracement level)
Resistance Levels:
Near Supply/Resistance Zone (30m): 50200 - 50343
Far Resistance Level: 51750
Far Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609
BANKNIFTY Intraday Trade Setup For 16 Aug 2024BANKNIFTY Intraday Trade Setup For 16 Aug 2024
Bullish-Above 49960
Invalid-Below 49850
T- 50415
Bearish-Below 49650
Invalid-Above 49760
T- 48900
BANKNIFTY has closed on a slight bearish note with 0.21% cut today. On Wednesday it was total sideways. Daily candle is more or less a spinning top, now weather it can spin the ongoing trend on the last day of the week is to be watched. If 50k is reclaimed then there is fair chance of a pullback/ up move. Below 49650 index will breakout hourly range and a big length fall will be on card.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 49960 then we will long for the target of 50415.
For selling we need a 15 Min candle close below 49650. T- 48900.
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.
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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.
BankNifty Intraday Support & Resistance Levels for 14.08.2024On Monday, BankNifty opened with a gap down, breached the 30m Demand zone, and closed at 49831.85, losing 746 points. After yesterday's decline, the weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) has turned negative.
Support Levels:
Major Demand/Support Zone (Weekly): 49530 - 50253 (currently inside the zone)
Far Support: 48858 level (61.8% FIBO Retracement level)
Resistance Levels:
Near Supply/Resistance Zone (15m): 50222 - 50268
Far Supply/Resistance Zone (15m): 51325 - 51400 (inside the 125m Supply Zone)
Far Resistance Level: 51750
Far Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609
Banknifty prediction for tomorrow 14 AugAs Banknifty is showing a huge sell-off today, the market is in bearish sentiments, followed by the Heisenberg report on the SEBI chairperson.
If we look at the chart now:
The market is trading at the 4H-TF support trendline zone(Marked in Green) and 200 EMA (4H-TF). price is trading below the ema(13, 50, 200) shows market is in bearish phase. The market might take support here, or if it breaks down to the downside, it's going to take support at 49000 next, as can also be confirmed with OI data.
Support levels : 49683, 200 EMA (4H-TF)
Resistance levels : 50 EMA, 200 EMA
If we look at the OI data:
PCR = 0.55 shows bearish market behavior. There has been a huge PE sell-off today, which shows bulls are not trusting the market anymore and come out. There is too much CE writing at higher levels than PE writing at lower levels, which shows a high chance of a bearish market in the upcoming session.
I am expecting the market to follow 3 cases which are marked on the chart.
Case 1 : if it opens the gap down, it might touch the trendline and take support 49000.
Case 2 : if the market opens a gap-up, it will take resistance at 50 EMA, and then it might continue the bearish momentum.
Case 3: If it opens sideways, wait for the price action at the green trendline zone.
Reason:
RSI < 40, showing the market is going to be in a bearish structure.
Price trading at 200 EMA (4H-TF), which might provide good support.
PCR = 0.55 shows that the market is huge Bearish.
Price < VWAP shows a Bearish market structure.
Verdict : Bearish or sideways
Plan of action:
See the price action at the green trendline zone. There have been marked three cases.
BankNifty Intraday Support & Resistance Levels for 13.08.2024On Monday, BankNifty opened with a minor gap down but rebounded over 650 points from the day's low, reaching a high of 50830.70 before closing at 50577.95, up by 93 points. During the session, BankNifty breached the resistance level of 50750 but could not sustain above it for long. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is negative.
Support Levels:
Near Demand/Support Zone (30m): 50149 - 50305
Major Demand/Support Zone (Weekly): 49530 - 50253
Far Support Level: 48858 (61.8% Fibonacci Retracement Level)
Resistance Levels:
Near Resistance Level: 51750
Far Supply/Resistance Zone (15m): 51325 - 51400 (inside the 125m Supply Zone)
Far Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609
BANKNIFTY Intraday Trade Setup For 12 Aug 2024BANKNIFTY Intraday Trade Setup For 12 Aug 2024
Bullish- Above 50750
Invalid- Below 50640
T- 51400
Bearish-Below 50370
Invalid-Above 50480
T- 49650
BANKNIFTY has closed with 1.69% cut last week. However it has formed a Pinbar candle in weekly TF. After a global sell off weekly candle shows some kind of reversal structure , above it's high 50750 will get more confirmation. It is still sell on rise and I will personally follow the same outlook. 49600 is a crucial market structure level below which we are going to crash once again. Breakout of the plotted trendline will initiate a gap filling/ retracement move. 50750 and 50370 are Intraday levels for tomorrow.
Coming to Monday's trade setup, if index opens flat and a 15 MIN candle closes above 50750 then we will long for the target of 51400.
For selling we need a 15 MIN candle close below 50370. T- 49650.
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
BankNifty Intraday Support & Resistance Levels for 12.08.2024On Friday, as expected, BankNifty opened with a gap-up and maintained its strength throughout the day, closing at 50484.50. BankNifty closed above the Weekly Demand Zone for the first time in five days, indicating the potential for a bull rally up to 51100. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is negative.
Support Levels:
Major Demand/Support Zone (Weekly): 49530 - 50253
Far Support: 48858 (61.8% FIBO Retracement level)
Resistance Levels:
Near Resistance Level: 51750 (High of 5th August)
Far Supply/Resistance Zone (15m): 51325 - 51400 (inside the 125m Supply Zone)
Far Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609
BankNifty Intraday Support & Resistance Levels for 09.08.2024On Thursday, BankNifty entered the 15m Supply zone mentioned in the last post and fell 400 points from the top before closing at 50156.70. For the fourth consecutive day, BankNifty closed inside the Weekly Demand Zone (49530 - 50253). Weekly zones are considered strong, and if the low is not broken, we might see a bounce from this Weekly Demand Zone. The weekly trend (50 SMA) has turned sideways from positive, and the daily trend (50 SMA) is negative.
Support Levels:
Major Demand/Support Zone (Weekly): 49530 - 50253 (currently, the price is inside the zone)
Far Support: 48858 level (61.8% FIBO Retracement level)
Resistance Levels:
Near Supply/Resistance Zone (15m): 50350 - 50441
Far Supply/Resistance Zone (15m): 51438 - 51583 (inside the 125m Supply Zone)
Far Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609
Note: As of writing this, GIFTNIFTY is trading 275 points positive, indicating we might see a gap-up opening, and the near 15m Supply zone might get violated.
BANKNIFTY Intraday Trade Setup For 9 Aug 2024BANKNIFTY Intraday Trade Setup For 9 Aug 2024
Bullish-Above 50450
Invalid-Below 50340
T- 51000
Bearish-Below 49650
Invalid-Above 49760
T- 48750
BANKNIFTY has closed on a flat note today. We have formed a hourly range of of 50750 and 49650. Also if we draw trendlines in hourly TF then a triangle formation is in progress. 50700 and 49650 is the mother candle's high as inside candles have been formed in these last 2 sessions. 50450 and 49650 are intraday levels for tomorrow.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 50450 then we will long for the target of 51000 zone.
For selling we need a 15 Min candle close below 49650. T- 48750.
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.
#Banknifty levels for August 8th.Good morning, friends. Today, our market has a major event, that, the RBI monetary policy announcement. So, the market will mostly move based on this event. however, I’m sharing my Fibonacci levels. The directions are as we expected in the weekly analysis because some sub-waves are bending. but, we should follow what the market is saying, not just our analysis. Have a nice day!🤝🍬
BankNifty Intraday Support & Resistance Levels for 08.08.2024On Wednesday, BankNifty opened gap up but did not enter the 15m Supply zone mentioned in the last post, so the near Supply zone remains the same. For the third consecutive day, BankNifty closed inside the Weekly Demand Zone (49530 - 50253). Weekly zones are considered strong, and if the low is not broken, we might see a bounce from this Weekly Demand Zone. The weekly trend (50 SMA) has turned sideways from positive, and the daily trend (50 SMA) is negative.
Support Levels:
Major Demand/Support Zone (Weekly): 49530 - 50253 (currently price is inside the zone)
Far Support Level: 48858 (61.8% Fibonacci Retracement level)
Resistance Levels:
Near Supply/Resistance Zone (15m): 50337 - 50530
Near Supply/Resistance Zone (15m): 51438 - 51583 (inside the 75m Supply Zone)
Far Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609
Note: As of writing this, GIFTNIFTY is trading 180 points negative, indicating we might see a gap-down opening.
BANKNIFTY Intraday Trade Setup For 9 Aug 2024BANKNIFTY Intraday Trade Setup For 9 Aug 2024
Bullish-Above 50300
Invalid-Below 50190
T- 50900 51450
Bearish-Below 49650
Invalid-Above 49760
T- 48800
BANKNIFTY has closed on a bullish note with 0.75% gain today. It opened with 1% gap up, directly at buy level and got rejected. Overall it was sideways within 500 points range. It has formed a Pinbar candle in daily TF so above 50300 we can expect good bullish reversal move. However overall view is still sell on rise, but now near some confluence zones like PRZ and golden Fib zones.
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 50900.
For selling we need a 15 Min candle close below 49650. T- 48750.
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.
BankNifty Intraday Support & Resistance Levels for 07.08.2024On Tuesday, BankNifty opened gap up but failed to sustain, falling below the previous day's low before closing at 49748.30. For the second consecutive day, BankNifty closed inside the Weekly Demand Zone (49530 - 50253). Weekly zones are considered strong, and if the low is not broken, we might see a bounce from the Weekly Demand Zone. The weekly trend (50 SMA) turned sideways from positive, and the daily trend (50 SMA) is now negative.
Support Levels:
Major Demand/Support Zone (Weekly): 49530 - 50253 (currently price is inside the zone)
Resistance Levels:
Near Supply/Resistance Zone (15m): 50337 - 50530
Near Supply/Resistance Zone (15m): 51438 - 51583 (inside the 125m Supply Zone)
Far Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609
Note: As of writing this, GIFTNIFTY is trading 250 points positive, indicating we might see a gap-up opening, and the near 15m Supply zone may get violated.
BANKNIFTY Intraday Trade Setup For 7 Aug 2024BANKNIFTY Intraday Trade Setup For 7 Aug 2024
Bullish-Above 50260
Invalid-Below 50150
T- 50950
Bearish-Below 49650
Invalid-Above 49760
T- 48748
BANKNIFTY has closed on a bearish note once again and sell on rise approach worked well. Sell on rise means if there is a bounce then look for bearish reversal price structure in 5 Min TF to sell. It opened with a gap up directly near buy level.10 o'clock range broke downside below 50335 and fell till 49660. Tomorrow once again we will sell below 49650 on a flat opening. In case 50260 is broken in the upside then possibility of a short covering.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 50260 then we will long for the target of 50950.
For selling we need a 15 Min candle close below 49650. T- 48748.
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.
Nifty View 06-08-2024NSE:NIFTY
Nifty has rebounded from 23,890 to 24,350, a gain of approximately 450 points.
However, upon applying the Fibonacci retracement from 25,078 to 23,893, we observe that the 0.38 Fibonacci level coincides with the 24,350 zone.
Notably, Nifty encountered selling pressure once again at this level.
The market is currently experiencing significant selling pressure and a general sense of weakness.
At present, there are two potential outcomes.
1.
If Nifty decisively close below the 23890 zone, we can anticipate a potential decline towards the 23200 level in the near future.
2.
In the event that the Nifty holds the 23890 zone and establishes a double bottom formation, there is a possibility of a market reversal or a range-bound movement between the 24400 and 23900 zones.
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
Not SEBI REGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any
decisions
you take on basis of our research
