Niftybank moments for option trading 19/nov/2024Niftybank moments for option trading 19/nov/2024
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Niftybanktrend
BANK NIFTY MAJOR BLOWOFF TOP ₹₹₹₹BankNifty have this Trend-line support from Covid lows till now every time BankNifty taking support & bounce back but this time it will be difficult for BankNifty to save Trend-line support & can give breakdown then we can see major selling in BankNifty for lower levels with BlowOff Tops in All Global Markets. So be careful in trading BankNifty & consults your adviser before any trades.
I am waiting for breakdown of trend line & 50055 levels then only I will make short position
Target for downtrend will be T1- 48555, T2- 46077, T3- 44144, T4- 41855, T5- 39444, T6- 37711, T7- 35655, T8- 33933, T9- 32622 with StopLoss 53355 & trailing with target achieving. Thank You & Happy Trading
Nifty Bank ShortDear Friends,
I have plotted Nifty Bank in daily time frame. Here , it is clearly observed that Nifty Bank is under sliding parallel channel. Yesterday, Nifty Bank is about to cross sliding parallel channel. However, today; bear market is seen.
Anybody can take fresh short position with Nifty Bank Index based on own risk tolerance. However, one should square off his/her position as and when Nifty Bank crosses sliding parallel channel from its above.
Thank you very much for reading my article.
Simple Trade Setup | BANKNIFTY | 06-04-2023 [EXPIRY]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.
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Trade Setup for Last week of March 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 | LAST WEEK MARCH 2023 | BANKNIFTY 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 Last week of March 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.
Long Nifty bank for swing tradeLong Nifty bank above the BO of marked TL above 40350 for the next target of 41260-42000 with SL 39800. All important levels have been marked on the charts. Good risk to reward trade. RSI is also forming positive divergences. W pattern is also seen on the charts. This is for your educational purpose only.
Blasting analysis for Banknifty for tomorrow (06-02-2023) For Not only monday if market follows my path in this week then try to trade according to my analysis.
if market opens tomorrow gap-down or flat and start selling then wait for near 41000 level which is the first demand zone of my chart. After that wait for mkt to make higher highs then buy target till 42000. If market breaks the first demand zone then wait for the second and third demand zone if higher high forms then go only long don't short the market because market is bullish in lower timeframe, so beware of that.
Summary:-
Important SUPPORT:- 41000
Important RESISTANCE :- 42000
other levels are in the charts. Now i started putting oi data in the chart. But remember oi data can be changed because of any news or any level just use it as a reference.
TIPS FOR THE DAY:- NEVER TRADE ON ANY NEWS BECAUSE IT IS INJURIOUS TO YOUR ACCOUNT 🤣🤣
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.
Budget special analysis of Banknifty Hi traders,
One of the biggest day of every traders and investors.
So my first request to every new traders and investors see the tomorrow's market avoid trading tomorrow. It is not easy to trade on that day.
Who are capable of understanding the levels and price action properly then only trade otherwise avoid don't use any indicator it will not work for sure.
Let's discuss tomorrow's level:-
Firstly don't think market will be bullish because everyone is seeing that there is a reverse head and shoulder where the retailers can be trapped easily. So think smartly, trade smartly.
First demand zone :- 40335-40161
Second demand zone:- 39673-39640
First Supply zone:- 40750-40930
Second Supply zone:- 41807-41915
If market breaks 40940 and makes higher highs then we can go for long.
If market makes higher highs or lower lows from demand or supply zone in given chart.
Summary:- Don't make any momentum in mind it may be devastating for your account.
Use trailing sl (7 smma)
SL IS MUST FOR TOMORROW
Banknifty analysis for 30/01/2023😎😎Now smart trader will comeAnalysis may be wrong for 1 or even 2 days but using this trading style i gained very much points in banknifty in past because the R:R is good like 1:4 or 1:6. My analysis was for friday was wrong but i think you forget about the trade that we took and analysed on 12/01/23. but due to some rules and regulation the post was been private. Ok leave it.
Let's discuss moday's market
Market is very clear it is in down trend and needs to take pullback for healthy correction for mid-term, so on monday banknifty may touch the demand zone of 39860-40074 which is given in this image above and after that if market forms higher high in 5 minutes candle then take candle low as sl otherwise if it is big then use sl according to your risk management.
Target will be the blank zone which is marked in the chart.
Alert for tomorrow's market:
if market doesn't break the first candle's high or low on tomorrow before 10:00 am then avoid the market it might be sideways. (timeframe: 5M/15M)
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.
Banknifty analysis for 31/01/2023. Another smart analysis 😎😎My first video if i did any mistake then please tell me in the comment section.
In this video i gave all these important level for banknifty for tomorrow market. (31-01-23)
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.
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.
See my analysis today and u will remember me tomorrow ✌️✌️😊i didn't changed my mind from my own analysis which i have done for today's(18-01-2023) market on 17-01-2023. Check my profile i shorted market but with hedge position using next week exipry. Expecting bearish momentum tomorrow. Hope for the best.
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 | 22-12-2022 EXPIRY [INTRADAY]NSE:BANKNIFTY
Trade Setup for 22-12-2022
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.
Is BANKNIFTY looking to break 41000 soon? View for next 50 days.Posting after a long time...
#NIFTYBANK after breaking out from C&H around 41800 levels saw a steep rise & made high of 44120, an ATH. This zone of 44000-44120 haunted #NIFTYBANK for couple of days and today it witnessed some profit booking. What lies ahead?
1. Case is still in Bull's favour if you're a positional bull. 43000-43500 is decent support zone. BN if tries to consolidate here to let RSI cool down a bit, can again try to reclaim ATH, and my personal target of 45500.
2. In case 43000 breaks on Closing Basis, gates for 41800 would open and I'd consider it as Break Out retest. So Bears can definitely enjoy this fall from 43000-41800.
3. Real problem for bulls would start if 40700 breaks on Closing Basis. That's a far fetched thing but I'm analysing it as a view for next 20-40 days not for Intraday.
4. I am personally Bullish and expect BN to hold support and have a Santa Rally but being a trader it's very important to shift gears according to situation.
View is personally and not intended for trading purpose. Do your own research. Comments regarding your view are most welcome.
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 | 16-11-2022 [INTRADAY]NSE:BANKNIFTY
Most of everything remains same as per previous trade setup.
Trade Setup for 16-11-2022
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.