Intraday
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.
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Bullish Bajaj FinancePrice took support at the major support level and formed a "W" pattern. After the break-out of the "W" pattern price is sustained at the break-out level, and price formation looks bullish.
Trade can be executed with a good RR ratio.
The above chart is only for educational purposes only. Please don't trade based on the above chart only. Take your informed decision on yourself.
Indiamart - Ready to fly?The stock just crossed the one-year-old resistance after long efforts. If sustains above breakout levels, may go upside o 6250/7450. All levels are clearly shown on the charts.
Only for learning and sharing purposes, not a bit of trading advice.
Please comment with your views about the idea.
All the best.
[INTRADAY] #BANKNIFTY PE & CE Levels(04/05/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 43450 level then possible upside rally of 400-500 points upto 43450 Level. And this rally can extend for another 400 points if it gives breakout of 43550 level. in case if market trades below after opening possible downside 43450 level upto 43050 level & possiblity for if market break 42950 level get downside 400 points rally upto 42550.
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
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
BANKNIFTY LEVELS 27/04/2023 BANKNIFTY ANALYSIS WITH LOGIC:
1.If there's flat opening and price closes in between 42920 - 42787 levels with first 15 min candle we will not take any kind of trades.
2.If price crosses 42920 level with strong 15m candle we will take long position up to 43295 level,
3.If price crosses 42787 level with 15m candle it should retest those level. then only we will plan for sell side up to 42500 level.
4.May have volatile trading session due to weekly expiry.
Have a safe and profitable day :)
Falling wedge pattern reversal in Dabur india ltdDABUR INDIA LTD
Key highlights: 💡
✅On 1D Time Frame Stock Showing Reversal of Falling wedge Pattern .
✅ It can give movement upto the Reversal target of above 544+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 615+.
✅ Can Go Short in this stock by placing stop loss below 511-.