Get started

Bankniftyview

BankNifty levels - Jan 10, 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 at the bottom right. 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 JAN 9th."Good morning, friends! Here are the directions for January 9th: The global market sentiment remains moderately bearish, supported by the Dow Jones, while our local market sentiment reflects a similar trend. It might open with a gap-up start, as indicated by Giftnifty showing a +120. If the gap-up sustains, our minimum target is 38%. Should it break, a pullback is likely to continue, reaching levels of 50% and 61%. On the other hand, if it rejects around 38% or the gap-up doesn't sustain, we can expect a correction. Continuation will only occur if it breaks the immediate support level."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY prediction for tomorrow 9 Jan 24As we discussed yesterday, Banknifty could not break to the upside. it stayed inside and fell heavily. As looking at the chart structure has broken outside the pattern to the downside. I am expecting it to fall more till level 46950. also, OI data PCR = 0.60 shows super Bearishness in the market. You can see the OI chart, which shows the MAXPAIN 47500. If it breaks to the downside, then a big fall directly to level 47950 is achievable. My View will be Bearish for tomorrow. Reasons: The chart has broken to the downside, which shows a super bearish structure. (Bearish) OI data shows PCR = 0.6, which is assumed to be the bearish market condition. Today, CE was added in large quantities, which can be seen in the daily OI change. (Bearish) RSI has dropped to the bearish zone (<40), which shows very weak bulls in the market. Price < EMAs that shows price is weaker; Supply > Demand (Bearish). 47450 might be acting as price action support, but as the selling pressure for today was quite high, it's less probable that the market will hold that level. Bears activate your trade once the 47500 level is clear. Try to avoid making an early entry. Verdict: Bearish Plan of action: Bearish if it Breaks the 47500 level to the downside; otherwise, wait for PA at 47500. Note: PA = Price Action
NSE:BANKNIFTYShort
by finnova_
BankNifty levels - Jan 9, 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 at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Banknifty Prediction for tomorrow 8th Jan 24Last, we discussed Bank Nifty on the 3rd of January. It took very nice support from there and gave a very nice target, as expected. For tomorrow, as we can see from the charts, it has prepared an inverted HNS pattern. If that breaks to the upside, it's going to give us a very good target of 49000. But on the other hand, it might also take resistance from here and again test the 200 EMA to the downside. But by looking at the trend strength, there are more chances to break to the upside. If it breaks to the upside, we can go bullish; else, play neutral unless some sign of bearishness is there. Key Points: It's making an Inverted HNS pattern. If it breaks to the upside, it will give a nice target of 49000. (Bullish) Price > EMA(13,50,200) which shows price have strength. The bulls are in control. (Bullish) EMA(13,50) crossover shows bullishness in the Market. RSI ~ 50 increasing continuously; if it breaks 60 to the upside, it will enter into the bullish zone, and good momentum can be expected. OI data PCR = 0.7 raises some concerns about the bullish momentum; wait for it to go more than 0.85. Then you can enter the bull side. upper trendline can provide rejection as it activated sellers in the last 30 min. It may provide resistance. Verdict: If it Breaks the HNS neckline (Trendline) to the upside, go Bullish. Plan of Action: If break successful Sell 48200 PE + Buy 46900 PE (For protection + Hedge in worst case) + Buy 48100 CE (To capture Bull momentum)
NSE:BANKNIFTYLong
by finnova_
BankNifty Intraday Trade Setup | 8th Jan '24Today BankNifty opened with a gap-up above our buy level of 48250 and struggled at upper levels, we saw profit booking around 48400. BankNifty triggered our sell level 47950 and hit the 1st target. For Monday, BankNifty has to sustain above 48450 for further upside which can take BankNifty towards 48570 and upper levels. On the other side, if BankNifty breaks 47950 again on downside, we expect to see 47840 and below marked levels on the chart. Between this zone, trading will be tricky so better to avoid. Expectations: Volatile day. Intraday Levels: Buy Above - 48450 Sell Below - 47950 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BankNifty Intraday Trade Setup | 5th Jan '24Today BankNifty opened with a gap-up above our buy level of 47800 and gave rally towards 48280 hitting all our targets on the buy side. BankNifty is looking bullish for tomorrow and positional basis until trading above 48250. For tomorrow, if BankNifty breaks 48250 on the upside, we expect to see 48370 and upper marked levels. On the other side, if BankNifty breaks 47950 on downside, we expect to see more selling towards 47830 and below marked levels on the chart. Expectations: Trending day. Intraday Levels: Buy Above - 48250 Sell Below - 47950 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BankNifty levels - Jan 8, 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 at the bottom right. 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 Jan 5thBanknifty also opens neutrally based on Giftnifty's indication. Should it experience a pullback, it might reach 48391, entering the supply zone. Structurally, this marks a sub-wave 3rd continuation. If it rejects either 48391 or the supply zone, a minor 4th correctional wave might occur, ranging from 23% to 38% Fibonacci correction. Once the 4th wave completes (with support around 38%, displaying a three-wave structure), we can expect the 5th impulsive wave (pullback wave). Bearish perspective: Even if it opens with a gap-down, considering it as a 4th correctional wave, we can follow the previous statement. The crucial aspect here is if it breaches the 38% Fibonacci level, it might enter a range market between yesterday's high and the previous low.
NSE:BANKNIFTY
by Manickamtraders
Bank Nifty - 05/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 05/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 48070 – 48090 Important Support and Resistance for the Day... Support - Resistance - Support-1: 48090 Resistance-1: 48420 Support-2: 47965 Resistance-2: 48500 Support-3: 47800 Resistance-3: 48600 Big-Support: 47500 Big- Resistance: 48600 ____________________________________________ Happy Learning and Trading – TST5121 Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. 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. SHORT FORM &FULL FORM 0.5 -> 0.5% Swing PDH -> Previous Day High PDL -> Previous Day Low PDC -> Previous Day Close PDO -> Previous Day Open PWH -> Previous Week High PWO -> Previous Week Open PWC -> Previous Week Close PWL -> Previous Week Low D_S -> Day Support D_R -> Day Resistance W_S -> Week Support W_R -> Week Resistance W_O -> Week Open W_C -> Week Close LW_O -> Last Week Open LW_C -> Last Week Close IMP -> Important R@1, R@2, R@3... -> Resistance-Zones S@1, S@2, S@3... -> Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals) If market open as a FLAT and moves to UP - SIDE then BUY with the Support of R-1 and SELL with the Rejection of R-1. (Or) If market open as a FLAT and moves to DOWN - Side then BUY with the Support of S-1 and SELL with the Rejection of PDL. Possibility 2: GAP-UP If market open as a GAP - UP and moves to UP - Side then BUY with the Support of PDH and SELL with the Rejection of PDH. (Or) If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 3: GAP-DOWN If market open as a GAP - DOWN and moves to UP - Side then BUY with the Support of IMP and SELL with the Rejection of IMP. (Or) If market open as a GAP - DOWN and moves to DOWN - Side then BUY with the Support of W-R and SELL with the Rejection of W-R.
NSE:BANKNIFTY
by SriTrader5121
Banknifty weekly expiry levels for 03/01/24.Banknifty has given a fall in daily charts, closing below the round number figure of 48k. It is sitting around 50% fibonacci levels. Either it will retest 38.2% level or come to test 61.8% levels. Major Support levels :- 47675, 47460 Tomorrow is weekly expiry and today itself has given a 470 points fall. If the market remain bearish the lower levels can be tested. Resistance:- 48070-150, 48460 Market has given a retracement. There can be a chance of market reversing but will take a halt candle before reversing. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
BankNifty Intraday Trade Setup | 4th Jan '24BankNifty opened flat today and after making a low around 47480 in first 30 mins it remained in a range to eat premium as today it was a weekly expiry for BankNifty. For tomorrow, if BankNifty breaks 47450 on the downside, we expect to see 47320 and below levels marked. On the other side, if BankNifty sustains above 47800 we expect to see an upmove towards 47900 and upper marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 47800 Sell Below - 47450 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
BankNifty levels - Jan 5, 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 at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Bank Nifty - 04/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 04/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 47675 – 47690 Important Support and Resistance for the Day... Support - Resistance - Support-1: 47675 Resistance-1: 47878 Support-2: 47500 Resistance-2: 48110 Support-3: 47407 Resistance-3: 48216 Big-Support: 47200 Big- Resistance: 48450 ____________________________________________ Happy Learning and Trading – TST5121 Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. 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. SHORT FORM &FULL FORM 0.5 -> 0.5% Swing PDH -> Previous Day High PDL -> Previous Day Low PDC -> Previous Day Close PDO -> Previous Day Open PWH -> Previous Week High PWO -> Previous Week Open PWC -> Previous Week Close PWL -> Previous Week Low D_S -> Day Support D_R -> Day Resistance W_S -> Week Support W_R -> Week Resistance W_O -> Week Open W_C -> Week Close LW_O -> Last Week Open LW_C -> Last Week Close IMP -> Important R@1, R@2, R@3... -> Resistance-Zones S@1, S@2, S@3... -> Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals) If market open as a FLAT and moves to UP - SIDE then BUY with the Support of R-1 and SELL with the Rejection of R-1. (Or) If market open as a FLAT and moves to DOWN - Side then BUY with the Support of S-1 and SELL with the Rejection of PDL. Possibility 2: GAP-UP If market open as a GAP - UP and moves to UP - Side then BUY with the Support of PDH and SELL with the Rejection of PDH. (Or) If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 3: GAP-DOWN If market open as a GAP - DOWN and moves to UP - Side then BUY with the Support of IMP and SELL with the Rejection of IMP. (Or) If market open as a GAP - DOWN and moves to DOWN - Side then BUY with the Support of W-R and SELL with the Rejection of W-R.
NSE:BANKNIFTY
by SriTrader5121
BankNifty levels - Jan 4, 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 at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Banknifty live prediction for today 3 Jan 24As we discussed Banknifty, Banknifty gave a nice momentum yesterday and continues to go bearish today. But as we see the chart structure, it has been preparing for the rising wedge pattern. And right now, it is on the verge of breaking down to the downside. But it can also support 200 EMA and support zones. Here right now, two possible decisions can totally depend on how it reacts to the support zone. Looking at the pressure, it might break to the downside. Reasons: Price < EMAs that means bears are in control. 200 EMA might provide a good support. Also, it coincides with the Trend Support Zone, which might provide the support. The RSI value is very low, which shows that bulls are weak at this point. But at the same time, the market is oversold. if we see the OI data PCR = 0.71 which is bearish side. the market has more chances to go down. it has given EMA(13,50) crossover that means market is having bearish tendency. Verdict: Bearish unless you take support at zone. Plan of action: wait for the market to act to this level.
NSE:BANKNIFTYShort
by finnova_
Deepak nitrite; min 20% return; TrendlineRefer our old idea attached below. . Midcap stocks are going to boom. long term investment; min 40% return. huge potential is there. investment ; Wait for retracement. if you are interested in investment, go for it with small risk, . . . more than that " Deepak Nitrite " is fundamentally good. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . refer over old posted idea attached below.
NSE:DEEPAKNTRLong
by TheNuraTrading