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Long Strangle on BankNifty for December 2024Hello Everyone, here is my take on the Banknifty for the month of December 2024! In this video, I have analyzed the past 6 years of action in December and how market has played out. Taking a deeper look into the volatility, price action, and identifying the best strategy to play in December 2024. Why you should not play directional? While directional trading can yield substantial rewards, the risks, psychological strain, and low probability of consistent success make it a challenging strategy. Focusing on strategies with a higher margin of safety, diversified approaches, and non-directional trades can often lead to more sustainable and less stressful trading outcomes. Always prioritize disciplined risk management and a clear trading plan over speculative bets. Why Long Strangle is best for high volatile market? The Long Strangle is an excellent strategy for high-volatility markets because it leverages significant price movements while capping potential losses. Its simplicity and ability to profit from directional uncertainty make it a go-to choice for traders expecting market turbulence. Key Considerations: High Premium Costs: Implied volatility can make options more expensive. Ensure the expected price move is large enough to offset the premium cost. Breakeven Points: Calculate the breakeven levels (strike price ± total premium) to understand the range required for profitability. Timing is Crucial: Enter the position when high volatility is anticipated but has not yet fully materialized, as option prices might still be reasonably priced.
NSE:BANKNIFTYLong
by SathishChandrasekaran
BankNifty levels - Nov 25, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty levels - Nov 22, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Banknifty Bearish Harmonic Pattern _Both side moves possibleHello everyone, yesterday there was pullback in banknifty around 800 points but pullback fail as volume not supported and the multiple resistance at 51000-51200 with bearish harmonic pattern banknifty fall again around 700 points from high. bearish trend can continue if banknifty breaks below 50200 another 1000 points fall can possible breaking above 51200 only upside posssible. and Non Directional range is 50000 to 51000.
NSE:BANKNIFTYShort
by finvestalgo
#banknity - 21th November!!NSE:BANKNIFTY Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making.
NSE:BANKNIFTYLong
by thetradeforecast
1
BankNifty levels - Nov 21, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
#Banknifty directions and levels for November 19th.Bank Nifty Current View: The structure is similar to the Nifty sentiment. The current view suggests that if the market declines initially, then 50,045 will act as support. If the market breaks this level, the correction will continue to a minimum of 49,745. On the other hand, if it doesn’t break this level (50,045), then it could consolidate between the level of 50,045 and the 38% upside. Alternate View: The alternate variation suggests that if the market sustains the gap-up, then the 38% level will act as resistance. If the market consolidates or breaks this level, then the pullback will continue to the next resistance Fibonacci level of 50%. Conversely, if it doesn’t break or rejects this level, we can expect consolidation leading to a correction.
NSE:BANKNIFTY
by Manickamtraders
BankNifty levels - Nov 19, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
#Banknifty directions and levels for November 18th.Bank Nifty Current View: The current view for Bank Nifty indicates that if the initial market takes a pullback around the immediate support level (38%), we can expect a minimum pullback of 23% to 38%. After that, if it rejects at either the 23% or 38% Fibonacci level, the correction will likely continue. However, if it sustains and breaks the 38% Fibonacci level, it could reach the 50% and 61% levels. If this happens, the upcoming session could turn into a range market. Alternate View: The alternate view suggests that if the market breaks the immediate support level (38%) solidly or consolidates around the support level, the correction will likely continue to the level of 49,283.
NSE:BANKNIFTY
by Manickamtraders
#BANKNIFTY - 18TH NOVEMBER!!NSE:BANKNIFTY Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making.
NSE:BANKNIFTY
by thetradeforecast
1
BankNifty levels - Nov 18, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty levels - Nov 15, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
#Banknifty directions and levels for November 14th.Bank Nifty Current View: The situation is similar to the Nifty structure. If the market undergoes minor consolidation or if it breaks the previous bottom solidly, then the correction will likely continue toward the level of 38% to 49283. Furthermore, a diagonal pattern is also possible; therefore, we can follow the same instructions mentioned in the Nifty sentiment. Alternate View: > The alternate view indicates that if the market initially takes a pullback, we can expect a maximum pullback of 38% to 50%. After that, if it rejects the 38% Fibonacci level, then the correction will likely continue. > The pullback yesterday appeared to be a solid candle, so if the market takes a strong pullback, it could easily break the 38% Fibonacci level. However, if the market breaks the 38%, we could consider that a minor reversal.
NSE:BANKNIFTY
by Manickamtraders
BankNifty levels - Nov 14, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
#Banknifty directions and levels for November 13th.Current View: The current view suggests that if the market sustains the gap-down, it could experience a minor bounce back around 50,865 or DZ. However, this would only be a minor bounce back; after that, if it breaks the previous bottom, then the correction is likely to continue. Alternate View: The alternate view indicates that if the market opens with a gap-up, or if the initial market takes a solid pullback and breaks the 20 EMA, it may hold a range-bound sentiment. This means the market could move to the top of the range. Targets are expected to be a minimum of 38% to 78% of the swing.
NSE:BANKNIFTY
by Manickamtraders
BankNifty levels - Nov 13, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty levels - Nov 12, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BANK NIFTY MAJOR BLOWOFF TOP ₹₹₹₹BankNifty have this Trend-line support from Covid lows till now every time BankNifty taking support & bounce back but this time it will be difficult for BankNifty to save Trend-line support & can give breakdown then we can see major selling in BankNifty for lower levels with BlowOff Tops in All Global Markets. So be careful in trading BankNifty & consults your adviser before any trades. I am waiting for breakdown of trend line & 50055 levels then only I will make short position Target for downtrend will be T1- 48555, T2- 46077, T3- 44144, T4- 41855, T5- 39444, T6- 37711, T7- 35655, T8- 33933, T9- 32622 with StopLoss 53355 & trailing with target achieving. Thank You & Happy Trading
NSE:BANKNIFTYShort
by K_Dyadav
BankNifty levels - Nov 11, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
BankNifty levels - Nov 08, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe