Nifty Institutional levels | Intraday 11-JUNE-2024 | 9:15 IST#Optionbuyers
#Niftyoptionscalping
Zones you always Like:-
Green zone- institutional support
Red zone - institutional resistance
Gap between institutional zones is always of 100 points
Zone is created with the help of pivot points and Fibonacci
Advance version of price action
Trades based on Nifty future chart
Trade Execution:-
Trade confirmation on order flow data
Timeframe - 1 min and 5 min
Risk Reward Ratio always 1:2
Strike price always ATM & slightly ITM
Maintain position sizing according to your own method
House Rules in trading:-
Sharp at 9:15 AM
Priority to risk management
Fast execution (morning breakfast)
Stop-loss 10 points (strictly)
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Optionbuyinglevels
Bank NIfty Expiry day Special Analysis 27/07/2023Good Morning Traders, I hope you are doing good in your trading and your life as well.
Before to start today's analysis, I want to say thankyou to all of you guy's that i have completed 2k followers on tradingview.com, it all got possible just because of your love and support guy's. Our TraderRahulPal family is increasing slowly slowly. Thankyou one more time to make this possible guy's.
Okay now we will start our analysis.
Banknifty is trading in kind of bullish flag pattern, but that is not exactly bullish flag pattern, but if we will see breakout this pattern we can see some momentum for upside, which can take this banknifty towards in the zone of 46230 and 46375 levels. But we need safe entry, which i already marked on chart, i will write it down also. i written on chart about resistance in upper zone (Well Guy's there is resistance for banknifty in the zone of 46231-46350, in case if we see any price rejection on top and we see any kind of bearish pattern like Inverted Hammer. So we can sale also with the stop loss of 46487).
Banknifty Important Levels for today:-
Buy above 46231, if levels got sustain at least for 30 mints.
Targets we can see in upside 46364/46487+
Keep stop loss at 46000
Sale below 46000, if levels got sustain at least for 30 mints.
Target we can see in downside 45806/45662/45504
Keep stop loss at 46231
Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Note:- For Banknifty Hero Zero trade will be in 2nd half according to price action, we will analyse market and then we will update in comment box. Please make sure you have followed us, so you will be notified on right time, when we update this idea.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Nifty Daily Levels Update For Option Day Trading Support Zones For Nifty
First Support Zone For Nifty - 17046 - 17056 ( Minor Support )
Second Support Zone For Nifty - 16940 - 16955 ( Major Support -1 )
Third Support Zone For Nifty - 16742 - 16758 ( Major Support -2 )
Resistance Zones For Nifty
First Resistance Zone For Nifty - 17185 - 17168
Second Resistance Zone For Nifty - 17296 - 17283
Third Resistance Zone For Nifty - 17380 - 17370
BankNifty Daily Levels Update For Option Day Trading Banknifty Possible Trade in Option Day Trading
Major Support Zones For BankNifty On Tuesday
First Support Zone For Nifty – 38427
Second Support Zone For Nifty – 37942
Third Support Zone For Nifty – 37523
Fourth Support Zone For Nifty – 37055
Major Resistance Zones For BankNifty On Tuesday
First Resistance Zone For Nifty – ( 38960 )
Second Resistance Zone For Nifty – ( 39289 )
Third Resistance Zone For Nifty – ( 39715 )