BankNifty levels - Jan 14, 2025Utilizing 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!
Bankniftyview
Banknifty Bullish Harmonic Pattern Moving AVG Support__RSIHello everyone,
banknifty fall consecutive 6 days trading at 8 months low 48700 RSI Positive divergence,
Bullish harmonic pattern and flag in making while nifty W in making So reversal possibilities also Maving avg band support overal confluence support with ocsillators bullish.
bullish reversal banknifty,
Banknifty Bullush Harmonic,
banknifty bullush flag,
Banknnifty RSI oversold and positive divergence,
BankNifty levels - Jan 13, 2025Utilizing 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!
BankNifty levels - Jan 10, 2025Utilizing 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!
BankNifty levels - Jan 09, 2025Utilizing 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!
BankNifty levels - Jan 08, 2025Utilizing 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!
BankNifty levels - Jan 07, 2025Utilizing 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!
BankNifty NR7 on Monthly charts + Covid low Trendline ##BankNifty making NR7 on monthly charts of 4000 points 49500-53500 levels also it trading near Trend line of Covid Lows this time BankNifty may give breakdown of this TrendLine. BankNifty Components like HDFC BANK & ICICI BANK made a Shooting Star on Monthly Charts so we have to watch these two how they move with Q3 Results onboards in coming days. Q3 Results will be more important for BankNifty to give Range Breakout.
I am waiting for breakdown of Trend line & 50055-49555 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
BankNifty levels - Jan 06, 2025Utilizing 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!
BankNifty levels - Jan 03, 2025Utilizing 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!
BankNifty levels - Jan 02, 2025Utilizing 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!
BankNifty levels - Jan 01, 2025Utilizing 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!
BankNifty levels - Dec 31, 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!
BankNifty levels - Dec 30, 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!
#Banknifty directions and levels for Friday, December 27th:Bank Nifty Current View
The Bank Nifty's current view indicates that if the market declines after the gap-up, we can expect the correction to continue, accompanied by some consolidation. The corrective targets are expected to reach a minimum of 50,851, based on the Elliott Wave structure.
Alternate View: If the gap-up sustains, Bank Nifty could rise to a maximum of 51,571, which acts as a major resistance. Here, it is important to note that we are in a corrective wave. Until the previous high is broken, further continuation cannot be expected.
If the previous range breaks, we can anticipate targets around 51,943 to 52,174. Conversely, if the market does not break 51,571, some consolidation before the correction is likely.
BankNifty levels - Dec 27, 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!
BankNifty levels - Dec 26, 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!
BANKNIFTY Prediction for tomorrow 24 Dec 24As we discussed Bankanifty, Bankanifty opened up +220 points and ended up sideways the whole day.
If we look at the chart now:
The market is trading at 1H-TF 0.618 fib level, which is a good point to support. It also did hold today nicely.
Support levels : 51138, 50719.
Resistance levels : 51762, 50 EMA and 200 EMA
.
If we look at the OI data:
PCR = 0.6, which has increased from 0.5, shows bulls are adding PE in lower levels. The market has good PE writing at 51000, which is going to provide good support, and 51500 is going to provide good resistance as having very nice CE writing on a higher level.
I have neutral behavior in the market.
Reason:
Price < EMAs shows bearish market structure.
PCR = 0.6 shows that the market is bearish.
RSI is 40 - 60, showing the sideways market structure.
Price < VWAP shows the market is bearish right now.
the market is trading at 0.618 fib level, which can be a good support point.
Verdict : Sideways
Plan of action:
Sell 51500 CE and Sell 51500 PE (Hedge position)
adjust according to the price action on given levels.
BankNifty levels - Dec 24, 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!
BankNifty levels - Dec 23, 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!
#Banknifty directions and levels for December 20th.Good morning, friends! 🌞
Here are the market directions and levels for December 20th.
Market Overview:
Both the global and local markets are maintaining a bearish sentiment. Today, the market may open with a slight gap-down start, as the Nifty is indicating a negative 80 points at 8:00 AM.
In the previous session, both Nifty and Bank Nifty experienced a minor pullback after the long gap-down. Although the structure remains bearish, we can expect a continuation only if it breaks the previous day's low with solid movement. If this happens, we can anticipate a target of 78% in the minor swing.
On the other hand, if the market initially pulls back without breaking yesterday's low, or if it finds support at the immediate support level with gradual movements, then we can expect a pullback of 23% to 38%. This is the basic structure. Otherwise, we can follow the same sentiment that we discussed in the previous session, as nothing has changed.
BANKNIFTY prediction for 29 Dec 24As we discussed yesterday, the market opened at -500 points and spent whole days sideways volatile moment.
If we look at the chart now:
The market is trading at 1H-TF 0.618 fib level, which is a good point to support. It also did hold today nicely.
Support levels : 51138, 50719.
Resistance levels : 52075, 52378, and 52833
.
If we look at the OI data:
PCR = 0.5, which has decreased from 0.9, shows bearish market behavior. The market has good CE and PE writing at 51500, which is going to provide maximum pain. On higher levels, the market has good CE writing at 52000 and 52500, which is going to provide a very good resistance point. On Lover, levels 51500 and 51000 have good PE writing, which is going to provide good support.
I have neutral behavior in the market.
Reason:
Price < EMAs shows bearish market structure.
PCR = 0.5 shows that the market is bearish.
RSI < 40 shows the strength of a weak bull.
Price < VWAP shows the market is bearish right now.
the market is trading at 0.618 fib level, which can be a good support point.
Verdict : Neutral
Plan of action:
Sell 51500 CE and Sell 51500 PE (Hedge position)
adjust according to the price action on given levels.
BankNifty levels - Dec 20, 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!