Indices
IMPORTANT EXPECTED INTRADAY LEVELS FOR THE WEEKNSE:BANKNIFTY
DISCLAIMER: DO NOT CONSIDER THIS ANALYSIS AS AN INVESTMENT OR FINANCIAL ADVICE.THIS ANALYSIS IS MADE FOR EDUCATIONAL PURPOSE ONLY.
We have seen Banknifty in a bearish mode since past three weeks and there might be a probability that it can provide us some bullish movement this week.
There is a good opportunity for Bulls to enter from the lower levels.
Since we know that market movements are based on probability so we need to be prepared for both bullish and bearish movements. Keeping that in mind i've marked all the Probable bullish as well as bearish movements for the week.
I will keep this post updated throughout the week and if i find some important pattern or levels during the day i will update it in the MIND section, do subscribe to keep yourself notified with the latest updates.
01-06-2023, NIFTY LEVELSNifty intrady Idea
Current Price- 18534
Resistance -18550, Support- 18490 !!!
$ UP: Target : t1:18600, t2 18638,t3 18673, we can expect after a Break of Resistance $
$ DOWN: Target : t1 : 18433 , T2 18386 , we can expect after Break of Support $
"" Execution only after break and close above or below from resistance or Support 15 minute candle .""
" "Stop Loss above or Below From Resistance Or Support 15 Minute candle ""
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Nifty intrady Idea Nifty intrady Idea
Current Price- 18499.35
Resistance -18520, Support- 18430!!!
NYSE:UP Target : t1:18580, t2 18673 we can expect after a Break of Resistance $
TURQUOISE:DOWN Target : t1 : 18385 , T2 18335 , we can expect after Break of Support $
"" Execution only after break and close above or below from resistance or Support 15 minute candle .""
" "Stop Loss above or Below From Resistance Or Support 15 Minute candle ""
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Bank Nifty Futures 23rd May 2023Any opening in-between the areas marked will be a no trade zone for buyers. However a breakout on either sides of the support and resistance zones will be interesting...as it will be coming out of consolidation area. The opening will lay the course of action for the day.
Special markings in Red, blue and Green are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
keep following for live market updates.
Nifty Futures 23rd May 2023Any opening in-between the areas marked will be a no trade zone for buyers. However a breakout on either sides of the support and resistance zones will be interesting...as it will be coming out of consolidation area. The opening will lay the course of action for the day.
Special markings in Red, blue and Green are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
keep following for live market updates.
Nifty Futures Levels 22nd May 2023Incase You have been viewing the charts, you will find special markings in Red, blue and Green. These are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken and where to be avoided.
keep following for live market updates and do study the previous charts too for an analytic view.
Will be adding various other factors in regular updates for both the indices.
Nifty Futures Levels 18th May 2023Data suggests a Sideways Market for 18th. So would be looking to short incase I find a rejection with confirmation at any of the resistance levels shown. The opening of the trade would suggest the course of action. 18100 is a strong support and a break of that may give a good downward movement. Need to keep a watch on any addition in put or call writing during the course of the day. Accordingly one can make a strategy to play out this expiry.
Banknifty Levels 18th May 2023Data suggests a Sideways Market for 18th. So would be looking to short incase I find a rejection with confirmation at any of the resistance levels shown. The opening of the trade would suggest the course of action. 43450---43500 is a strong support and a break of that may give a good downward movement. Need to keep a watch on any addition in put or call writing during the course of the day. Accordingly one can make a strategy to play out this expiry.
Nifty Future Levels 17th May 2023Clearly marked levels. For those who understand the importance of the opening and the type of day which can follow watch out for opening within the range, below the blue line but within range/outside range, within the three lines, blue, green and red and of course above the red line but within the range/ outside the range.
Study the chart , the supports and resistance and how Nifty futures performs.
best of learning.
Check on previous charts of Bank Nifty futures and Nifty futures to understand and follow the accuracy of levels vis a vis the place of opening
Bank Nifty 17th may levelsClearly marked levels. For those who understand the importance of the opening and the type of day which can follow watch out for opening within the range, below the blue line but within range/outside range, within the three lines, blue, green and red and of course above the red line but within the range/ outside the range.
Study the chart , the supports and resistance and how bank Nifty futures performs.
best of learning.
Check on previous charts of Bank Nifty futures and Nifty futures to understand and follow the accuracy of levels vis a vis the place of opening
Nifty is facing this resistance lineYou can see my real-time trading analysis and now bout this chart I think nifty can continue in this consolidation face a few more days with a double bottom resistance line after this consolidation it may continue to bulls if you take a few steps back on nifty chat that you can see from 14 March to 27 March it takes almost complete a month to make double bottom after this break down it continuous bullish and now on thins point nifty making a double bottom again to make bullish itself.
NSE:NIFTY
Anything you feel additional technical patterns or do you think you need to give any advice. Let me know in the comment
BANKNIFTY INTRADAY -(11/05/2023) For next week contract
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entry: 43100-
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if there is possibility for bullish-- target-43500-
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Then down trend starts
t1-43000--t2-42500
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after breaking yellow box mentioned
bearish trend will be confirmed.
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for option writers breakeven ranges will be
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( 43500-42300)