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Bank Nifty Spot Intraday Technical Chart Analysis 17 Sept., 24📈 Bank Nifty Spot Intraday Technical Chart Analysis 📅 Date: 17th September, 2024 📊 Range Trigger Point: 52153 📉 Day Range: 287 🟢 Buy Above: 52099 💼 Average Position: 52065 🎯 Buy Target 1: 52331 🎯 Buy Target 2: 52440 🔵 Stoploss: 52003 🔴 Sell Below: 52031 🎯 Sell Target 1: 51976 🎯 Sell Target 2: 51866 🔵 Stoploss: 52127 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #BankNifty #Intraday #TradingSignals #TechnicalAnalysis #TradingTips #Index #NSE
NSE:BANKNIFTY
by NumroTrader
Nifty Spot Intraday Technical Chart Analysis 17 Sept., 2024📈 Nifty Spot Intraday Technical Chart Analysis 📅 Date: 17th September, 2024 📊 Range Trigger Point: 25384 📉 Day Range: 110 🟢 Buy Above: 25404 💼 Average Position: 25391 🎯 Buy Target 1: 25451 🎯 Buy Target 2: 25493 🔵 Stoploss: 25367 🔴 Sell Below: 25378 🎯 Sell Target 1: 25316 🎯 Sell Target 2: 25274 🔵 Stoploss: 25415 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #Nifty #Nifty50 #NiftyFifty #NiftyFuture #Nifty50Index #Index #TradingSignals #TradingTips #Intraday #TechnicalAnalysis
NSE:NIFTY
by NumroTrader
JTEKT 1DBOS (Break of Structure): A break of structure occurred in the uptrend, signalling a shift in market momentum around late April to early May. This indicates that the previous resistance was broken, which led to a strong bullish rally. CHOCH (Change of Character): After the bullish move, a change of character is marked, indicating a reversal from the uptrend into a downtrend in mid-July. This suggests a potential shift in the market's direction from bullish to bearish. Fibonacci Levels: Fibonacci retracement levels are drawn, with the 0.618 level providing a significant resistance around ₹185, and the 0.786 level offering support near ₹165. The price is currently consolidating between these key levels. Order Block (OB): There is an order block marked around the ₹165 zone. This is a significant area where institutional buying or selling occurred, and it may act as a strong support for a future price bounce. Current Price Action: The price is hovering near the 0.786 Fibonacci retracement level and the order block area, indicating a consolidation phase. The stock seems to be coiling, preparing for a potential breakout either upwards or downwards. Summary: The stock recently experienced a change of character and has retraced down to the 0.786 Fibonacci level near an order block. This area could serve as strong support, setting up for a potential upward bounce if the market regains bullish momentum. The resistance at ₹185 (0.618 Fibonacci level) will be key to watch for further confirmation of a reversal or continuation of the current trend.
NSE:JTEKTINDIA
by vinitsugandh
BSE - Core Portfolio Stock. Value buy at 2450 and aboveBSE - is a no brainer as a proxy to INDIA growth. It makes sense to buy this gem on every dip and on every high it makes. Keep in mind : NSE IPO will hit sooner and this is the best price to accumulate. Long term investor - can do SIP in this stock for very long term targets, as plotted on the chart. Buy this stock between 2450 to 2700 and average up above 3200 !! Stop loss of 2400. Disclaimer : Educational content. Do your own research !!
NSE:BSE
by jain_geetesh
17 Sep 2024 Bank Nifty Predictions (Next Trading Day)Support and Resistance Levels Support Levels: 51,872 - This is the low of the 5-minute chart for today. 51,600 - A previous support level observed on the daily chart. Resistance Levels: 52,400 - The current level where the price is hovering, acting as immediate resistance. 52,800 - A previous resistance level observed on the daily chart. Market Scenario for the Next Trading Day Opening Slight Gap Up Based on the current trend and momentum, a slight gap up is expected. Morning Bullish The market is likely to continue the bullish momentum from the previous day. Midday Range-bound After the initial bullish move, the market may consolidate and trade within a range. Afternoon Start Bullish, then Range-bound The market may attempt another bullish move but is likely to face resistance and trade within a range. Options Strategies and Strikes As an options buyer, the following strategies and strikes could be effective for the next trading day: Bull Call Spread: Buy 52,200 CE Sell 52,400 CE This strategy will benefit from a moderate bullish move and limits the risk. Long Call: Buy 52,200 CE This strategy will benefit from a strong bullish move. However, it carries higher risk if the market does not move as expected. Straddle: Buy 52,200 CE Buy 52,200 PE This strategy will benefit from a significant move in either direction. It is suitable if you expect high volatility. Summary Support Levels: 51,872, 51,600 Resistance Levels: 52,400, 52,800 Expected Market Scenario: Opening: Slight Gap Up Morning: Bullish Midday: Range-bound Afternoon: Start Bullish, then Range-bound Options Strategies: Bull Call Spread (52,200 CE - 52,400 CE) Long Call (52,200 CE) Straddle (52,200 CE and 52,200 PE) This analysis is based purely on the 5 minutes and Daily Bank Nifty charts and does not consider external market factors. Adjust your strategies accordingly as the market evolves.
NSE:BANKNIFTY
by JayeshBoradia
16 Sep 2024 - Bank Nifty Predictions (next Trading Day)1. Support and Resistance Levels for the Next Trading Day: Daily Chart: Resistance is around 52,000 (close to the high of today's candle). This zone may act as an immediate hurdle if the price opens near this level. Support is near 51,500-51,600. If the price pulls back, this level could provide support based on previous price actions. 5-Minute Chart: Short-term resistance is at 51,950-51,990 (today's high). Short-term support can be identified around 51,800, and below that at 51,635 (low of the day). 2. Next Trading Day Scenario: Based on today's price action and momentum from the 5-minute and daily charts: Opening: Likely to open flat or slightly gap up, around 52,000 levels, based on the current upward momentum. Market Condition: Morning Session (9:15 AM – 11:30 AM): Likely to open bullish, testing the 52,000 resistance. Mid-day Session (11:30 AM – 2:00 PM): If unable to break 52,000 convincingly, expect range-bound movement between 51,800 and 51,950. Afternoon Session (2:00 PM – 3:30 PM): May test higher levels if 52,000 breaks; otherwise, it may consolidate. Time Condition Comment 9:15 AM-11:30 AM Bullish Test of 52,000 resistance, likely a breakout attempt 11:30 AM-2:00 PM Range-bound Between 51,800-52,000 if no breakout happens 2:00 PM-3:30 PM Bullish/Range-bound If 52,000 breaks, further upward move possible 3. Option Strategy and Strike Selection for Next Trading Day: Strategy as an Option Buyer: If the market opens slightly gap up or flat and tests 52,000 resistance early in the session: Buy Call Option 52,000 CE or 52,100 CE if the breakout above 52,000 is confirmed. Use a strict stop loss near 51,800 to protect against any sudden reversals. In case the price gets rejected from 52,000: Buy Put Option 51,900 PE if the rejection is strong and the price shows signs of falling below 51,800. Target for the downside would be near 51,600. Best Strikes to Consider (based on expected moves): Call Option: 52,000 CE or 52,100 CE for bullish moves above 52,000. Put Option: 51,900 PE for bearish rejection below 52,000 and targeting 51,600. Conclusion: Based on the current setup, 52,000 is a key level for the next trading day. Bullish move expected in the first session with a potential breakout. If the breakout fails, be prepared for a range-bound scenario and adjust strategies accordingly. I hope this gives you a clear and specific idea of what to expect! Let me know if you need any more analysis or support. Disclaimer: Do Manager your Risk and Money management, Do not Forget to PUT STOP LOSS.
NSE:BANKNIFTY
by JayeshBoradia
Apollo Tyres Swing Long Update- Apollo Tyres is currently trading at 526.7 - Apollo Tyres already gave an upside of 4% from my entry and now it is setting up for a huge expansionary move - Apollo tyres will be at a lovely spot if you see it falling back or revisiting 512-519 - I will be interested to see Apollo tyres revisiting the same area to add a huge size - Please don't add size or take entries based on my opinion try to first manage risk according to your corpus and make sure you don't follow my advices blindly - Overall invalidation of this trade will be below 497
NSE:APOLLOTYRELong
by VKtradesimbalance
Bank Nifty Analysis - BNF is currently trading at 51,938 - BNF has a huge inefficiency on the upside - I have drawn 2 path possibilities where once the path shows we will balance the inefficiency and fall back down again - The bullish path shows that 52,000-52,442 will be filled and we will retract and chop a little before moving up again - Fundamentally we have a big week ahead where we can easily see prices moving up and down like a Roller Coaster and all eyes are on FOMC rate cut meeting - 25-50bps rate cuts both have 50-50% chances well I am rooting for a 50bps rate cut
NSE:BANKNIFTYLong
by VKtradesimbalance
Unlocking Nifty 50’s Hidden Potential: A Bullish Breakout Ahead!Nifty 50 Technical Analysis Update: Potential Long Opportunity Entry Zone: Consider entering long positions within the smaller green rectangle (your proposed entry zone). Target (TG): Our bullish outlook is supported by the larger green target box situated above Current levels. This area serves as our primary profit-taking region should prices ascend as anticipated. Stop Loss (SL): To manage risk effectively, we’ve designated an orange rectangle below our entry zone as our stop loss area. It’s crucial to set this parameter to limit potential downside exposure. Pattern Recognition: The presence of a rounded bottom formation outlined in orange adds credence to our bullish bias. This pattern often precedes significant upward movements and strengthens our strategy’s foundation. Remember, always validate your analysis with additional research and consult professional advice. Happy trading with TradeAXN!📈🚀
NSE:NIFTYLong
by TradeAXN