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Banknify

Bank Nifty 24-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 5100# Major Resistance - Around 5200# See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:BANKNIFTY
by SriTrader5121
Bullish Bank NiftyAs Per data And Chart Market Bullish We said that yesterday market have big resistance 44500 and today market open Gap-up above this levels then market fall 44330 Market Took Support and break again 44500 and close above this . Tomorrow we may see a good bullish move in the market in Downside To Many Support Zone If Market Again Act like Bearish Then Don't Trade until break 44300. For Upside If Market Trade Above 44700 then Buying Side Move Possible. WE Don't Know Where Market open But For Upside 44700 is a resistance if market open above this then market took support or immediate rejection in downside then 44500/44600 Act Like a Support and market Move Upside
NSE:BANKNIFTYLong
by santubittu
Bank Nifty: Friday - 02/12/22Levels: Support: 43000, 42775, 42500, 42350 Resistance: 43350, 43630, 44000 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 43260.65 ATM: 43300 , ITM: 43200, 43100, 43000 , OTM: 43400, 43500, 43600 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 43300 Highest OI Put in Bank Nifty per IO data: 43200 Nearest Major Resistance in Bank Nifty per OI data: 43700 Nearest Major Support in Bank Nifty per IO data: 42800 ---------------------------------------------------------------------| Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 43350 | 43250 | 43500 | 43650 ----------------------------------------- SELL | < 43200 | 43300 | 43000 | 42800 +++++++++++++++++++++++++++++++++++++++++ Point to be noted: Unlike Nifty, BN RSI is pretty comfortable region.
NSE:BANKNIFTYLong
by pradipandsuvra
Bank Nifty: Thursday - 01/12/22Levels: Support: 43000, 42775, 42500, 42350 Resistance: 43350, 43630, 44000 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 43231 ATM: 43200 , ITM: 43100, 43000, 42900 , OTM: 43300, 43400, 43500 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty per OI data: 44000 Highest OI Put in Bank Nifty per IO data: 43000 Nearest Major Resistance in Bank Nifty per OI data: 43600 Nearest Major Support in Bank Nifty per IO data: 42800 ---------------------------------------------------------------------| Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 43400 | 43300 | 43500 | 43600 ----------------------------------------- SELL | < 42950 | 43050 | 42750 | 42600 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYLong
by pradipandsuvra