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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
Bearish Engulfing in Bank Nifty FutureAfter bearish candle of 1Jan today good fall we can see also all level was given my previous chart analysis. All level was given in chart in very clear. Scenario Happen: Market will open between 47871- 48212 then it will be side base market. If open below 47882 wait for make a resistance at level 47882 then short your position. Also follow volume. It will give proper idea in live market. For down move we have a support area of 47500-47493. If open near about 48212 and make green candle then wait for settle above 48212. after 15 min trade above 48212 we will bullish for intraday basis.
NSE:BANKNIFTY1!
by KaustavHazra
BankNifty levels - Jan 3, 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 Intraday Trade Setup | 2nd Jan '24BankNifty opened flat today and remained in a range for sometime. BankNifty broke the upper level of 48300 and made a high at 48450 which acted as rejection zone and we saw a fall of around 400 points in last 30 mins. For tomorrow, if BankNifty breaks 48100 on the downside, we expect to see 47980 and below levels marked. On the other side, if BankNifty sustains above 48450 we will see fresh buying towards 48580 and upper marked levels on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 48450 Sell Below - 48100 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 prediction for today 2nd jan 24As we discussed in our last analysis, it has been in the up-channel. Yesterday, it did give a very lazy sideways move and then tried to go higher, but in the last 30 minutes, bearish sold like anything. and took control of the market. But if we look at the OI data, PCR is 0.82, which is neutral. And the chart channel has broken to the downside. I am expecting a bearish move today. Reasons: PRICE < EMA(13,50) (Bearish), meanwhile almost equal to EMA 200. That means it might take support at 200 EMA. RSI < 40 sharp falls, shows control is in the bear's Hands. (Bearish) channel has been broken to the downside. (Bearish) OI data PCR 0.82 is neutral, but if there is a CE selling, then bears will be in total control of the market. If it starts the bearish move, there is next support at 47450. it could be a nice day with good bearish momentum. Verdict: Bearish Plan of action: Sell 48100 CE + Buy 48900 CE
NSE:BANKNIFTYShort
by finnova_
Bank Nifty - 02/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 Bank Nifty - 02/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 48234 - 48250 Possibilities of Today market open... Support - Resistance - Support-1: 48044 Resistance-1: 48134 Support-2: 47944 Resistance-2: 48235 Support-3: 47877 Resistance-3: 48297 Support-4: 47767 Resistance-4: 48297 Big-Support: 47500 Big- Resistance: 48448 _______________________________________________ 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)
NSE:BANKNIFTY
by SriTrader5121
BankNifty levels - Jan 2, 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 January 1st.Here are the directions for January 1st: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to gap-down start, as indicated by Giftnifty showing -40. Structurally, both Nifty and BankNifty indicate a range market, so we can expect significant movement after the immediate levels are broken. On the other hand, if they reject around the immediate level, then the range is likely to continue."
NSE:BANKNIFTY
by Manickamtraders