Banknifty Levels and Zone 4th Week April 2024 NSE:BANKNIFTY
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between zones.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Niftybanktradesetup
Bank Nifty Futures Analysis for 2nd Jan 2024Bank Nifty is in good Support zone
Today market was side base except last move. From 27 December 2023 -1 January 2024 it create a support Zone. Today we can see a fake breakout at14:15.
Reason behind the reason:
Volume was very not supporting the price.
Also MACD was indicate downtrend for the day.
If we see Option data at the time of price increase but CALL Open Interest in negating and PUT OI not adding .(Big money just square off his position nothing else)
So it's purely indicate that at 48800 we can short our position.
Tomorrow view:
if market open near 48405 we will wait. Side base market is not for option buyer.
if market open near about 48600 then we will find position after taking support at 48405 .
If market open below 48405 then after 48200 and creat a bearish candle at 15 or 30 min or price wait for 10-15 min near 48405 in 5 min timeframe candle after that we can see a bearish move.
Simple Trade Setup | Banknifty | 11-09-2023 [intraday]NSE:BANKNIFTY
Trade Setup for 11-09-2023
Most of all the levels and zones remains same as per previous.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 05-09-2023 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 05-09-2023
Most of all the levels and zones remains same as per previous.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 22-05-2023 [INTRADAY]Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
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Trade Setup for 22-05-2023
Most of all the levels and zones remains same as per previous.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level. NSE:BANKNIFTY
Simple Trade Setup | BANKNIFTY | 09-05-2023 [INTRADAY]NSE:BANKNIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
-------------------------------------
Trade Setup for 09-05-2023
Most of all the levels and zones remains same as per previous.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 02-05-2023 [INTRADAY]Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
-------------------------------------
Trade Setup for 02-05-2023
Most of all the levels and zones remains same as per previous.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level. NSE:BANKNIFTY
Simple Trade Setup | BANKNIFTY | 19-04-2023 [INTRADAY]Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
-------------------------------------
Trade Setup for 19-04-2023
Most of all the levels and zones remains same as per previous.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level. NSE:BANKNIFTY
Simple Trade Setup | BANKNIFTY | 12-04-2023 [INTRADAY]NSE:BANKNIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
-------------------------------------
Trade Setup for 12-04-2023
Most of all the levels and zones remains same as per previous.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Importent Signal for Banknifty Trading NiftyBank Demand & Supply Zones by One Hour Chart Analysis for Trading
Importent Signal for Banknifty Trading from Option Chain Data Analysis
Max Pain As per Option Chain Analysis (Banknifty Expiry Targets ) – 41000
PCR ratio as per Option Chain Analysis – 0.75 ( Bearish )
Major Support as Per Banknifty Open Interest Analysis – 40400
Major Resistance as Per Banknifty Open Interest Analysis – 41200
Banknifty Resistance Zones
1. 40690 - 40720
2. 40350 - 40380
3. 40075 - 40110
Banknifty Support Zones
1 .41025 - 41075
2. 41215 - 41245
3. 41435 - 41460
Simple Trade Setup | BANKNIFTY | 10-04-2023 [INTRADAY]NSE:BANKNIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
-------------------------------------
Trade Setup for 10-04-2023
Most of all the levels and zones remains same as per previous.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 27-02-2023 [INTRADAY] NSE:BANKNIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
-------------------------------------
Trade Setup for 27-02-2023
Most of all the levels and zones remains same as per previous.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 23-02-2023 [INTRADAY]NSE:BANKNIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
Trade Setup for 23-02-2023
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Expected movement if Banknifty wants to go upside...Expected Momentum:
if market want to go for long then it should take a deeper pullback till 42300 and then bounce so hope for the best.
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice
What did i say on yesterday's analysis for banknifty? 🤣🤣 After a sideways and also volatile 😅expiry i think everyone will now try to believe on my analysis because it will be good for them also🤣. I'm not showing my ego don't think like that i only want to show my trick to catch the market properly and avoid traps. Check my profile to see what did i say yesterday. (You can also find out in the 'Related ideas' section which is below of this.)
I have nothing to say about it more.
You can go long and short both on bnk-nifty, but how?🤔🤔if...Scene 1:
bnk nifty gap-up some points like 150-200 then in lower low condition then go short from the marked supply zone only
Scene 2:
bnk nifty may gap-down like huge (400-500 pts) because market mostly will be trending so in higher high condition go long from the chart's demand zone or wait till the first supply then you can short also in lower low confirmation or in double-top.
Simple Trade Setup | BANKNIFTY | 06-01-2023 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 06-01-2023
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 23-12-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 23-12-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 21-12-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 21-12-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 20-12-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 20-12-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.