HDFCBANK
Bank-nifty Long Term Levels #InvestingCertainly! When it comes to long-term investing in Bank Nifty, here are some strategies you might find useful:
Buy and Hold Strategy: This approach involves purchasing Bank Nifty index funds or individual banking stocks and holding them for an extended period. Over time, the market tends to grow, and this strategy allows you to benefit from compounding effects.
Nifty Bank Index (NSEBANK): The Nifty Bank Index represents the performance of the banking sector in India. It includes major banking stocks listed on the National Stock Exchange (NSE).
Here are the latest details for NSEBANK:
Current Price: ₹50,578.55
Day’s Range: ₹50,149.25 - ₹50,830.70
52-Week Range: ₹42,105.40 - ₹53,357.70
Bank nifty Levels for Intraday Certainly! Intraday trading in the Bank Nifty involves closely monitoring key levels to make informed decisions. Here are some relevant levels for today:
Resistance Level: Around 50500 (expected opening level). If there’s a reversal confirmation at this level, it could lead to a bearish trend continuation, potentially resulting in a downside rally of 400-500 points.
Support & Resistance Trend Lines: Consider the daily chart’s support and resistance trend lines. Additionally, keep an eye on the Previous Day High (PDH) and Previous Day Low (PDL) levels, which often act as crucial support and resistance points during live market hours.
Remember that intraday trading involves risk, so always use proper risk management techniques and stay updated with real-time market movements
Data Base Trading Part - 3 #NSE #BSE What exactly is an Option Chain? It is the complete picture pertaining to all the option strikes of the Nifty in a single frame. Remember, just as there is an option chain for the Nifty, you have option chains for all the key indices traded in F&O and also for individual stocks where options trading is permitted.
Tips for Trading in Bank Nifty Option
Stay Informed About Economic Events and Market Trends. ...
Use Technical Analysis to Identify Patterns and Trends. ...
Develop a Trading Plan and Stick to It. ...
Set Realistic Targets and Stop Losses. ...
Use Options Greeks to Assess Risk and Return.
Bank Nifty is considered one of the best indices for options trading due to its high liquidity, volatility, and significant price movements. These characteristics offer ample trading opportunities and the potential for substantial profits in a short time frame.
Banknifty levels for Intraday Trader'sCertainly! Let’s take a look at the recent levels for BANKNIFTY, the index representing the banking sector in India. Keep in mind that these levels are subject to change based on market conditions, so it’s essential to stay updated.
Here are some key data points and recent analysis for BANKNIFTY:
TradingView Chart:
Price Range (July 31): BANKNIFTY was moving within the range of 51,250 to 51,900.
Pattern: Range
Trend Strength: Normal
Buy Above: 51,360
Stop Loss: 51,280
Targets: 51,440, 51,520, 51,600, 51,720, and 51,800.
Sell Below: 51,220
Stop Loss: 51,300
Targets: 51,160
Google Finance Data:
Previous Close: ₹50,119.00
Day’s Range: ₹49,829.60 - ₹50,440.75
52-Week Range: ₹42,105.40 - ₹53,357.70
TradingView Intraday Levels (August 6, 2024):
Buy Above: 50,100
Stop Loss: 49,890
Targets: 50,250, 50,400, 50,550
Sell Below: 49,890
Stop Loss: 50,100
Targets: 49,700, 49,530, 49,290
No Trade Zone: 49,890 to 50,100
Previous Day High: 50,780
Previous Day Low: 49,700
EquityPandit Data:
Today’s Low/High: ₹51,087.85 / ₹51,608.70
52-Week Low/High: ₹42,105.40 / ₹53,357.70
Remember that these levels are based on technical analysis and historical data.
PCR For Intraday Option's Trader Certainly! The Put-Call Ratio (PCR) is a statistical indicator used in options trading to gauge market sentiment. It compares the trading volume of put options (which give the right to sell an asset at a predetermined price) to that of call options (which give the right to buy an asset at a predetermined price) for a specific underlying security (such as a stock or ETF) within a given timeframe (usually a day or a week). The formula for calculating the PCR is:
PCR=Call Option OI / Put Option OI
Here’s what it tells us:
A rising PCR (greater than 0.7 or exceeding 1) indicates that traders are buying more puts than calls. This suggests bearish sentiment, as investors may be speculating that the market will move lower or hedging their portfolios against a potential sell-off.
A falling PCR (below 0.7 and approaching 0.5) is considered a bullish indicator. It means more calls are being bought relative to puts, signaling optimism about a bull market ahead.
Remember that the put-call ratio can be influenced by recent events, earnings reports, and overall market conditions.
PCR (PUT CALL RATIO) With Professionals The Put Call Ratio (PCR) is a tool in the stock market to understand how investors feel about a stock or the market's future. It compares the number of put options to call options traded. More puts traded mean investors expect prices to fall (bearish). More calls traded mean investors expect prices to rise (bullish).
PCR is also considered as a contrarian indicator which helps traders not to get caught in the herd mood of the market. Based on the extreme PCR ratio, the trader might take a call to buy or sell against the prevailing mood of the market
BANKNIFTY IMPORTANT LEVELS FOR TOMORROW, 7TH AUGUST NSE:BANKNIFTY ANALYSIS FOR TOMORROW 🔺
❇️ IMPORTANT LEVELS 🚀
❇️ Support: 49750-49500-49154.
❇️ Resistance : 50214-50431-50800-51310
👉🏻 PURPLE LINE is a key level, above buying, Below selling.
👉🏻 YESTERDAY'S CLOSING IS IMPORTANT.
👉🏻 @thetradeforecast 🇮🇳
ICICIBANK 1 hour Levels for swing Traders #Option's Certainly! Here are the intraday trading levels for the ICICIBANK :
Intraday Trading Levels:
For intraday trading in ICICIBANK , consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
HDFCBANK 1 hour Levels for swing Traders #Option's Certainly! Here are the intraday trading levels for the HDFCBANK :
Intraday Trading Levels:
For intraday trading in HDFCBANK , consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Reliance 1 hour Levels for swing Traders #Option's Certainly! Here are the intraday trading levels for the Reliance :
Intraday Trading Levels:
For intraday trading in Reliance, consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Nifty-50 1 hour Levels for swing Traders #Option's Certainly! Here are the intraday trading levels for the Nifty-50 :
Intraday Trading Levels:
For intraday trading in Nifty-50 , consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
CNXIT or Nifty-IT Levels For Swing Trader's #stocksCertainly! Here are the intraday trading levels for the CNXIT or Nifty-IT :
Intraday Trading Levels:
For intraday trading in CNXIT or Nifty-IT , consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
BANKNIFTY IMPORTANT LEVELS FOR A WEEK, 5TH AUGUST NSE:BANKNIFTY ANALYSIS FOR A WEEK 🔺
❇️ IMPORTANT LEVELS 🚀
❇️ Support: 51200-50960-50720-50620-50480-50300-50120
❇️ Resistance : 51400-51630-51800-52414
👉🏻 Purple line is a key level, above buying, Below selling.
👉🏻 Expecting A FALL from here.. due to world war 3 news and actions. Not predicting CRASH.
👉🏻 @thetradeforecast 🇮🇳
HDFC Bank Ltd - Breakout OpportunityDate : 2-Aug-2024
LTP : Rs. 1,659.15
Next Resistances: (1) Rs. 1,721 --> (2) Rs. 1,794 --> (3) Rs. 1,921
SL : Rs. 1,532 on daily close basis
Technical View:
• NSE:HDFCBANK is in it's primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 1,794 on 3-Jul-2024, it has retraced 11% to 1,588.05 level.
• Post retracement NSE:HDFCBANK was going through accumulation phase and in last few sessions has given indication of starting a participation phase.
• On 26-Jul-2024, NSE:HDFCBANK has broke out from its secondary down trend with high volume.
• On 1-Aug-2024, NSE:HDFCBANK has closed above 21 DEMA and 20 DMA. Currently NSE:HDFCBANK is trading above 21 DEMA, 20 DMA and 50 DMA.
• RSI has entered buy zone on 1-Aug-2024 and currently trading at 58.16.
• MACD has given bullish cross over on 2-Aug-2024 and is trading at 1.09.
• Looking good to start a new swing from here.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.