[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.
Intraday
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-.
BANKNIFTY LEVELS 26/04/2023 BANKNIFTY ANALYSIS WITH LOGIC:
1. If there's gap up and therefore price gets rejected from 42787 level, we can expect sharp fall up to 42500 level.
2. If it gets reversal from that level, we can short up to 42500 level by maintaining trailing stoploss.
3. Or if price sustains above 42787 level from that point and form 15m bullish candle, price should retest that level then only we will plan for buy side positions.
4. Directional trade can be seen during today intraday session.
5. If there's gap down no trades shall be taken.
Have a safe and profitable day :)
BANKNIFTY LEVELS 25/04/2023BANKNIFTY ANALYSIS WITH LOGIC:
1. If there's gap up and forms 15m bullish candle above 42787 level and should retest level, then only we will take long position up to 43600 level
2, Maximum range boundness can be seen during today intraday session
3. May have movement during second half so buyers be careful while placing trades.
4. Strictly maintain trailing stoploss while placing trades
5. If Price opens on a gap down no trades shall be taken.
Have a safe and profitable trading :)
BANKNIFTY LEVELS 24/04/2023BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering new levels if there's flat opening or gap up price should retest at multiple rejection areas.
2. Then only we will take long position upto 42385 as our first target by maintaining trailing stoploss.
3.If there's flat opening price should retest and form bullish candle at 40015 level, then only we will plan for buy entry levels.
4.Bank nifty is stronger when compared to nifty on today intraday session.
5.42385 can be considered as strong resistance level, price may get rejection from that point.
Have a safe and profitable day :)