Get started

Search in ideas for "bank nifty"

Bank Nifty: Chart set up and trading strategyBank Nifty Observations - we observe Bank Nifty trading in down trend channel - Bullish Engulfing candlestick pattern seen in chart Pattern gets invalidated if Bank Nifty closes below 30405 Given the set up, Strategy that may be considered Consider selling Bank Nifty 27 May 2021 expiry 30000 Put option between 700-800 (Last traded Price 753) The strategy has a return potential of Rs 17500- 20000 per lot More importantly the strategy has inbuilt Stop loss protection up to 29300-29200 till 27 May which is roughly a protection of 2500 points from current levels Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:BANKNIFTY
by indiamarketoutlook
2
Bank Nifty Wave 5 impulse start?Bank nifty sharply corrected today after extending wave 3 exactly 2.618 Fib level. Today it corrected to 23385 which is near to 0.5 fib levels 23250. Closed above major support 23605. Based on this we can conclude that despite big fall it didn't break impulse wave structure and likely to go up. This analysis will be invalid if touches 23211 then we may be looking at more deep correction towards 22814 0.618 fib level If sustains above 23900 tomorrow 15-30 min we can see 24100,24300,24700-800 levels Stop loss to be used 23600 Disclaimer: This investment/trading may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing. Your capital will be at high risk and you may loose all while trading Futures and Options. This is not actual buy or sell recommendation.
NSE:BANKNIFTYLong
by Niftydirection
Bank nifty 4th Elliott wave to startBank nifty started up move after breaking 22440 to 23000-23200 as mentioned in previous article. Now wave 3 could be over expecting long and shallow 4th wave correction till 0.38 fib level which will be tough to trade. Current assumption is wave 3 of recent rally completed near 23682 which 1.68 fib levels where wave 3 usually end. Short all rise near resistance zones 23605-11 to 23700 Stop Loss 24100 target 23000 then 22825(0.38 fib level). Disclaimer: Calculated and plotted values may differ with actual stock movement, this analysis can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
NSE:BANKNIFTYShort
by Niftydirection
2
Bank Nifty: Chart set u p & strategy for 30 July 2020Bank Nifty Closing Price 20359 - Bank Nifty is trading at the lower end of the range - in line with my Nifty view which we suggested a range bound activity - Bank Nifty would also likely reflect a possible range bound activity - Weakness would intensify only once it closes below the Black line - Sustaining above 22500 for 3 consecutive days would open up doors for further up movement ______________________________________________________________________________________________ Given the chart set up one may consider selling Bank Nifty 30 July 23000 Call option ( CMP 423.5) on rise especially towards the range of 500-550 Max profit potential Rs 12500/- to 13750/- per lot Yield potential 11.26% - 12.4% approximately Loss protection for a rise up to 23500 - 23550 till 30 July 2020. However as suggested above, we would recommend to exit if Bank Nifty sustains above 22500 levels Discliamer: - The view expressed here is my personal view - Use this for educational purpose - Any decision you take you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:BANKNIFTY
by indiamarketoutlook
Bank Nifty starting a Trend Reversal?? - Weekly chartsBank nifty has broken the dow theory concept of Higher low and Higher high in weekly charts. As per dow theory trend changes when the last higher low is broken, so we can clearly see a trend reversal in Bank nifty. The last Higher low was - 26560, so if the BnF close below this by end of this week. Then we can expect trend changing. Also two key Moving averages are very close - 50 EMA is broken which was a good support for BnF and 100 EMA is also very close. If this is broken a huge downfall is expect between 5k to 7k points.
NSE:BANKNIFTYLong
by altinvest
1
Bank Nifty has turned weak on Daily charts.Bank Nifty has closed 773 points below yesterday's closing. It has corrected by approx. 1700 points down from its recent high. With today's fall, it has filled the opening gap, that was created on Sep. 23rd. With today's closing, It has turned negative on RSI and CCI indicators on daily charts. Adopt a sell on rallies approach until with a stop loss of 27960. Please consider liking this post, if you find it informative and worthy, you may follow me on this forum for periodic updates on Nifty, Bank Nifty. Wish you a profitable day.
NSE:BANKNIFTYShort
by ipuneet
2
Bank nifty viewBank Nifty spot closed at 28098.75 as on 13/09/19. This is bank nifty daily chart. CMP : 28098.75 Immediate resistence is 28282.62 then after 28483.32 and 28603.27, all the above blue lines are tough barriers. Watch and count the blue pins under each candle and watch the price action. From the first resistence of 28282 ish levels the index has cracked down nearly 10 times. Above that there are 2 other major resistence from where the bank nifty index has cracked 2 times each. So, keeping in mind the booster package given by FM if banknifty gaps up dont buy blindly, do fix in your mind the 10 times fall level is near. Also some some negative news of attack on ARamco are there so if RIL cracks down it will not allow Nifty to go up. This is just a condition which cannot be neglected. So i hope you all got my point and dont trade without STOPS at this level. Also see how the bank nifty bounced after touching 20EMA NOTE: The broken blue lines are resistence and the broken green lines are strong supports.
NSE:BANKNIFTY
by abhijitgujarathi15