NiftyBank Weekly Key Trading Levels for 20th march to 24th MarchNiftyBank Weekly Key Trading Levels for 20th march to 24th March 2023
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision.
Bankniftyweeklyanalysis
Banknifty - Weekly Prediction and Levels for 13 Mar 2023Bank Nifty Weekly Analysis and Intraday Level for 13th Mar
Banknifty also looks still BEARISH, it is likely to trade between 39994 - 41324 this week (13th to 17th Mar). There is a strong support level 40212 zone where reversal can be expected and If sustains above 40759 / 40833 we can expect 41200 will be tested. Any close below 40212 will leads to 39994 and lower levels.
My view is 40220 is the reversal point for uptrend to test 41200.
Banknifty - Weekly Prediction & Intraday Level for - 06 Mar 2023Bank Nifty Weekly Analysis:
When comparing with Nifty, Banknifty looks Bullish for short term however I could see strong resistance at 42000 level.
My view this week is Bank Nifty will test 42000 and then it will take reversal downside and may trade in range between 42000 & 39500.
If any close above 42000 - we can see 42700 will be tested. I will look to BUY only daily close above 42000 . Otherwise every new high is a SELL opportunity for 40200 target
Banknifty - Weekly and Intraday analysis for 20 Feb 2023Bank Nifty Coming Week - Average move is expected.
Trading Range between 41780 & 40683, Nifty looks still bullish but BNf shows weakness and we have strong support at 40700 level from here we can expect upmove in Banknifty.
If incase any weakness and closes below 40650, we would see 40500 & 40000 which will be tested.
Tomorrow (Monday) - BEARISH with Negative Sentiment.
If any gapup open and sustains above 41480 we can take BUY entry for targets 417769 / 42000, if any rejection trades below 41177 we can look for SELL entry for lower targets.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Banknifty - Weekly Analysis and Levels for 16 - 20th Jan 2023Bank Nifty closed on Friday with Positive note, but still the Major trend what I see is BEARISH in both Nifty and BNf.
Expectation : BEARISH / Negative Sentiment - We have kind of narrow Weekly CPR in Banknifty for Next week.
So its going to be trending week and We have wide Resistance zone at 4300 - 42900 where we can expect reversal towards Down side. On the Downside 41800 - 41600 is the support zone if that is taken out more fall is expected in Bank Nifty up to 40790 - 39980
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Bank Nifty - Weekly Analysis for 21st Nov - 25th Nov 2022Bank Nifty Weekly analysis for Nov 4th Week..
Expecting Moderately trending week - Good opportunity for Option Buyers to go long and take positional/Swing trades.
Until Bank Nifty sustains above 42300, this week we can expect 43050 will be tested.
We have strong Buyers zone at 42300 level. BULLISH view as of now..!!
Incase 42200 is compromised 41900 will be the next support level.
Happy Trading!!
BankNifty-10/10/2022-15/10/2022-LevelsHello Traders,
Welcome to SriTrader5121
BankNifty-10/10/2022-15/10/2022-Levels
Possibility 1:
It will works if market in uptrend and makes higher-highs.
Possibility 2:
It will works if market in down trend and makes lower-lows.
Possibility 3:
It will works if market in silent mode means range bound market(side ways).
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Happy Learning and Trading
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.
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SHORT FORM &FULL FORM
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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
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 )
Banknifty - Weekly Analysis Sep 2022 - BEARISH until 37900?Banknifty Weekly Analysis,
Global cues are negative and SGX indicates Big Gap down more than 100 Points in Nifty on Monday.
Banknifty likely to Open at 39300 or below, 39250 is going to be the Strong Support level. If any Strong Buying momentum seen on the opening we can expect BULL run in Banknifty . If any weakness Support zone gets broken then Banknifty might fall more. Next support is only at 37800 zone only in Banknifty . On the Higher side we have Resistance at 39300 / 40600 levels
Banknifty Nov Fut weekly levels 01/11/21 to 05/11/21Banknifty Nov is trading between falling wedge lookout for Breakout
As I always recommend Our Entry and Exit levels are our Targets
and also linear levels are support & resistance kindly use them as Entry & Exit Level
Buy Above – 39600 TGT-1 39700 TGT-2 39000 TGT-3 40200 TGT-4 40600 TGT-5 40800 Max(40050-40600)
Sell Below - 39350 TGT-1 39150 TGT-2 39000 TGT-3 38600 TGT-4 38750 TGT-5 38550 Min(38150-37500)
BN Vertical Call Credit SpreadFollowing trade is for educational purposes only. An Iron Condor is an option strategy, where the expected outcome for next week is range-bound.
A CE option mentioned below is a European Call Option, while a PE option is a European Put.
A hedger always buys these options and a speculator mostly sells one.
But when the speculator only sells these options, the risk involved is unlimited and the margin requirement is also high. This is called naked option selling. When both CE and PE are sold, it is called a short strangle.
In combination with this, if we buy much farther CE and PE, the short strangle becomes an Iron condor. Here, the idea is to capture the option premium in a range-bound market with reduced risk and margin compared to short straddle.
The spread between buy and call leg is based on optimum use of margin. Since the option premium is credited to us in advance, it is also a credit spread.
Since this week the view is bearish , we are taking only the CE leg of Iron Condor. As the week progresses, additional trade may be added.
Please leave a comment if you need further clarification on the following trade
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Buy 39500CE, Sell 38900CE
The history of trades of this trade model is in the following link:
docs.google.com
My concept of trading is not to be an overnight millionaire, but a disciplined method to grow the wealth that you own.
Please leave a like if you like the trade ideas :)
Bank Nifty Weekly Setup 28th June to 2nd JulyHello All,
Based on my analysis , I see bank nifty at very crucial juncture mostly bullish.
Important level to watch for bank nifty in coming week is 35800. This is the breakout structure .
FII data is bit on the bearish side so may be Monday we can see a Dip possibly.
For more updates and technical understanding in case of any queries DM me