BANKNIFTY LEVELS 03/05/2023 BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering today levels if there's flat opening or gap down price will move downward direction should break with strong candle below 43295 level then only, we will short up to 43065 level.
2. Consolidation may occur in between 43295 - 43450 level.
3. If there's gap up price may act more volatile and may break 43450 level with bullish candle during second half from that point, we can take long position up to 43600 level.
4. My act more vigorously after crossing 43600 level maintain strict stoploss while placing trades.
Have a safe and profitable day :)
Levelsintraday
Bank Nifty: Tuesday - 25/10/22Levels:
Support: 41040, 40810, 40640, 40400
Resistance: 41375, 41630
OI Data:
Highest OI Call in Bank Nifty per OI data: 42000
Highest OI Put in Bank Nifty per IO data: 40500
Nearest Major Resistance in Bank Nifty per OI data: 41600
Nearest Major Support in Bank Nifty per IO data: 40900
Trade setup:
For gap up: Wait for the V shape (retesting of 41370). If sustains long with a SL of 41300.
For flat open, watch around which level it consolidating (notice the support/resistance levels of above). If drifted higher side to long with a SL of just the below level. If drifted lower side, go short with a SL of the just above level.
For gap down: Check which level? 41050/41000 level or 40800 level. Wait for the sustaining of these levels. If it holds the level then you can go Long. If it fails to sustain the level, go short. SL can be placed at the "ATR SL" (check Indicator: ATR Stop Loss Finder in TradingView, by user veryfid).
NIFTY 50 Levels for date : 04/02/2022
This are the levels I’m sharing only for Educational Purpose only .
The green area box is Resistance.
The module area box in yellow is Flip Zone .
The red area box is Support.
Above Resistance there are two areas marked with horizontal line.
Below Support there are two areas marked with horizontal line.
Breakout or breakdown of above happens then you can trade but proper formation of candle stick pattern should take place and EMA 10 & 20 should be cupping and should be close to candle . STOP LOSS below the previous candle of entry .
Levels for BHARTI AIRTEL.BHARTI AIRTEL is standing on a very important level exactly on POC (green line) and also forming a double top bottom. If market opens in range and breaks the level 607.85 we will head towards the 613 levels and incase there is good bullish pressure then 616 levels and if market opens in a bearish side then we can move towards 603 levels and then observing the market again towards 594 levels.
DISCLAIMER:-
Trading is very risky please analyze the stock by your own and take the trade on your risk. Levels which are provided above are just for a simple idea about the stock and for educational purpose.