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#BANKNIFTY - POSITIONAL VIEWBankNifty, the banking index in the Indian stock market, currently shows a promising setup for short selling. Based on technical analysis, it is recommended to consider initiating short positions within the range of 44508-44722. This range is believed to offer favorable selling opportunities in the market. The primary profit targets for this short-selling strategy are identified at 43950 and 43605. These levels are derived from careful analysis of historical price patterns, support and resistance levels, and other relevant market indicators. Achieving these targets would result in potential gains for traders who choose to capitalize on this opportunity. To manage the associated risk, it is crucial to implement a stop loss at 45067. A stop loss serves as a predetermined price level at which the short position is automatically exited to limit potential losses. By adhering to a disciplined risk management approach, traders can protect their capital in case the market moves against their anticipated direction. Furthermore, it is important to note that traders have multiple avenues to take advantage of this opportunity. They can either short BANKNIFTY JULY FUTURES, which involves selling futures contracts tied to BankNifty, or alternatively, they can opt to buy BANKNIFTY JUL 45000PE options. The latter refers to purchasing put options with a strike price of 45000, expiring in the last month, to benefit from potential downside movements in BankNifty. Engaging in short-selling or buying put options can provide traders with an alternative approach to capitalize on the anticipated decline in BankNifty. It is worth considering these strategies for potential gains while keeping risk management in mind. Please note that investing or trading in the financial markets carries inherent risks, and it is essential to conduct thorough research and seek advice from qualified financial professionals before making any investment decisions.
NSE:BANKNIFTYShort
by DamisInvestments
HDFC BANK - A long tradeHDFC BANK has been consolidating for a long while near its resistance areas. This is showing that the sellers are losing their grip on the supply zone and buyers are willing to push the stock ahead and change the market structure. The breakout has not yet happened but the signs look positive hence keep it on your radar. Disclaimer - Please take positions as per your risk appetite and also do not put all your capital in one trade. I am not responsible for any loss or profit that comes along with the trade. Please do your due diligence as well. Just sharing my thoughts and setups as per my 4 years of experience. Will be updating when the trade triggers and giving the Stop loss and Target areas.
NSE:HDFCBANKLong
by Aadilsid0810
BANKNIFTY trade setupThe banknifty index is stuck in a range from 44150 to 43500 levels , any breakout or breakdown of these levels can give a directional move in the index , on the downside expect banknifty to touch 42800 levels if the range is broken downside ,higher probability trade will be on the upside if all time highs of index ie 44150 levels gets broken , one can enter on retest for targets of 44500 and 45k in short term , personally will try to avoid shorting this bull index
NSE:BANKNIFTYLong
by sniper1290
Kotak Mahindra Bank Support ZoneKotak's share is at the end of the support zone, giving an opportunity to enter a position with a tight stop loss and limited risk. Since the overall global banking sector is under pressure with the collapse of three banks within a week, there is a higher probability that this trade will be stopped out. The expected return on the strategy will range from 17-25%. Disclaimer: All the published ideas/posts are for educational purposes only. Exercise caution and understand the various risks associated with the capital markets, and consult your financial advisor, before considering any investing/trading decisions. The viewers alone are responsible for their actions in any trading or investing activities. Please read the TradingView disclaimer for more details.
NSE:KOTAKBANKLong
by learningcurve100
SBIN Likely to hit its All time high(630) AgainSBIN has made breakout of 565 levels and made a close above it. RSI is above 60 levels and banking sector has outperform nifty with help of this stocks. SBIN has its earning release on 30th may. Stock has retested levels of 565 and taken support at that levels which means SBIN is not likely to go below 565 levels. SBIN has next resistance 595 levels where we can see highest OI build up. Due to HDFC bank rating there was shakeout in SBIN also. Let us see whether followup of this shakeout is there or not. One can trade with SL of 573 levels. This post is for educational purpose only. Happy Trading !!!!
BSE:SBINLong
by Darshan_Panchal
EURUSD bulls observe inverse head-and-shoulders for major run-upEURUSD dribbles around a fresh 13-month high marked the previous day as it pokes the neckline of an inverse head-and-shoulders bullish chart formation, close to 1.1090 at the latest. A successful break of the said hurdle would theoretically confirm a major uptrend targeting the year 2018 peak surrounding 1.2550-60. However, tops marked during March 2022 near 1.1185 and the last year's top of 1.1495 can act as validation points for the Euro pair’s further advances. That said, the 1.2000 psychological magnet and year 2021’s peak of 1.2350 are some of the extra upside filters which can check the bulls during the anticipated north-run. On the contrary, failure to offer a decisive break beyond the 1.1090 hurdle, as well as the 1.1100 round figure, may trigger the much-awaited pullback of the EURUSD pair. Even so, the pair sellers will wait for a clear downside break of the one-month-old ascending support line, close to 1.0975 to convince the Euro sellers. In that case, the 100-DMA level of around 1.0750 may act as an intermediate halt before highlighting the lows marked in March and January of 2023, respectively near 1.0515 and 1.0480. Overall, EURUSD bulls prepare for a major uptrend but a successful rise beyond 1.1100 becomes necessary for witnessing a stellar rise.
by MTradingGlobal
Gold inks bullish consolidation inside key rising trend channelGold price seesaws around the top line of a five-month-old bullish channel, recently supported by the 10-day EMA. It’s worth noting, however, that the smaller gap towards the north joins descending RSI (14) line and easing bullish bias of the MACD signals to keep XAUUSD sellers hopeful. However, a clear downside break of the 10-day EMA, around $1,955 by the press time, becomes necessary to convince intraday sellers. Even so, the $1,900 round figure and a horizontal area comprising multiple levels marked since early February, near $1,860, could restrict the metal’s further downside. In a case where the commodity remains bearish past $1,860, the stated channel’s lower line and the 200-day EMA, respectively near $1,841 and $1,825, act as the last defense of the buyers. On the contrary, the $2,000 psychological magnet keeps restricting the short-term upside of the Gold price, a break of which could push XAUUSD bulls towards the 61.8% Fibonacci Extension of the metal’s moves between November 2022 and late February 2023, close to $2,017. Should the precious metal remains firmer past $2,017, the aforementioned channel’s resistance line, close to $2,021, may become the only hurdle between the bulls and the previous yearly top surrounding $2,070. Overall, the Gold price stays inside a bullish chart formation despite having limited room towards the north.
OANDA:XAUUSD
by MTradingGlobal
EURUSD bulls approach strong resistance area on Fed dayEURUSD stays firmer for the fourth consecutive week as traders prepare for the key Federal Reserve monetary policy meeting on early Wednesday. The major currency pair’s latest run-up could be linked to a successful break of the 200-SMA. However, a 12-day-old ascending triangle can join the overbought RSI and a horizontal area comprising multiple hurdles marked since late January to challenge the Euro buyers between 1.0790 and 1.0805. In a case where the quote rises past 1.0805, the 61.8% Fibonacci retracement of the February-March downturn, near 1.0835, may act as an extra check towards the north before highlighting the 1.0920-30 resistance zone comprising the 78.6% Fibonacci retracement level. Meanwhile, EURUSD bears could stay off the table unless the quote remains above the stated triangle’s support line, around 1.0700 by the press time. Following that, the 1.0570 and 1.0530 levels may act as intermediate stops during the quote’s likely slump toward the monthly low near 1.0515. In a case where the Euro bears dominate past 1.0515, the YTD low marked in January around 1.0480 may act as the last defense of the buyers, a break of which might direct sellers to the November 2022 low surrounding 1.0290. Overall, EURUSD buyers appear to run up out of steam on a crucial day but the bears need validation from 1.0700 and the Federal Reserve both.
by MTradingGlobal
What the markets are going to be going forward?As we can see in the monthly charts of Nifty 50, the overall market is consolidating in a range of 15000-19000 and I think it will continue to do so for some time. Previously valuations have fallen to their lows and currently, we can say that the market is fairly valued. From hereon we can see the valuations consolidating for some time which will also reflect in the prices before they break out for another adventure. Large-cap stocks are not severely hit by these market movements yet compared to stocks in small, micro & nano-cap categories. Overall, valuations have increased slightly and banks rules, regulations and frameworks for providing easy loans to medium and large enterprises are also getting strict with the decrease in market momentum & strength. Seeing this, it’s very healthy for the markets to rest for a bit from the long-term perspective and growth.
NSE:NIFTY
by UnknownUnicorn18469944
BANKNIFTY Important Breakout LevelsAs global sentiment looks week. We can Plan to short banknifty below the dec low line. - In case of FLAT opening we can short it on the first candle or wait for 15 mint candle breakout. - In case of GAP UP Opening we will wait for the negative price action or Look for upside scalping trades above PDH. - In case of GAP DOWN Opening we will actively look at the price and enter the market. if we get the chance to short it around pivot level with a negative candle. It will be a JACKPOT.
NSE:BANKNIFTYShort
by AjitTrades
Shorting opportunity in bank niftyAll levels are mentioned on the chart it self Safe players can wait for a pull back and enter as per levels Risky people can enter according to their risk management. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
NSE:BANKNIFTYShort
by Mo-Kri