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43485 Make or break level in Banknifty Here I provide a detailed analysis of Banknifty for Monday, May 8, 2023. In this video, I delve into the key levels and potential scenarios that traders and investors should watch out for. During my analysis, I discovered a crucial make or break level at 42500. This level holds significant importance as it will determine the next move for Banknifty. Additionally, I observed substantial call writings around the 43000 level, which may act as a strong resistance, potentially preventing the price from surpassing it. Consequently, I advise viewers to exercise caution when considering buying Call Options (CE) at this stage. On the other hand, I also highlight the possibility of a bearish scenario. If Banknifty breaks yesterday's day low, it could open the door for further downward movement. This provides an opportunity for traders to consider Put Options (PE) to capitalize on potential downside momentum. Join me in this insightful video as I analyze the current market conditions, key levels, and potential trading strategies. Stay informed, stay alert, and make informed decisions based on the analysis provided. Remember, the market is dynamic, and risk management should always be a priority. Subscribe to my channel to stay updated with the latest market analysis and trading insights. Let's navigate the exciting world of finance together!
NSE:BANKNIFTY
by Doinel33
Nifty Trading Plan for Expiry Nifty End Of Day Analysis for Trading on 04 May Trading Support and Resistance levels for Nifty Resistance Level R3 -18286-98 R2 -18120-31 R1-18064-74 Support Levels S1-18006-15 S2-17940-50 S3-17820-30 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis - 0.81 ( Bearish ) Max Pain As per Option Chain Analysis -18050 Major Resistance as Per Nifty Open Interest Analysis - 18200 Major Support as Per Nifty Open Interest Analysis -18000
NSE:NIFTY
by manojshinde27
BANKNIFTY 15 min TF - Monthly Expiry - Rising WedgeLooking at the structure, I personally don't trust any further upmove for going long until it show some dip whether small or big. Especially when it has major resistances so close while moving upside Lets see it this affect NIFTY or not, because NIFTY also has 17900 and 18000 as major resistances trade with proper plan and risk management. Feel free to comment or message for any feedback on this chart or any other charts shared by me. thanks
NSE:BANKNIFTY
by TradewithAditya