bank nifty intraday level for todaybank nifty levels for intraday. wait for price to come to resistance zone
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Bank Nifty: ITM PE is cheaper than OTM CEBank nifty ITM put are looking cheaper than OTM call. Index is trading near 200 moving average. What does it implies? Any guess.
Bank Nifty Monday Analysis Bank Nifty Monday Analysis
BankNifty 51150 may be a side entry below
Swing entry may be an entry for upper side entry
Flat opening
There is a resistance around 51700
#NIFTYBANK
Bank Nifty Monday Analysis Bank Nifty Monday Analysis
BankNifty 51150 may be a side entry below
Swing entry may be an entry for upper side entry
Flat opening
There is a resistance around 51700
#NIFTYBANK
BANK NIFTY Structure is looking Positive for next weekBank Nifty has broken out of its broader range and is now looking good for further upside continuation. 0.5% CRR cut announced by RBI is a huge positive for Banking stocks.
Bank Nifty Is on the verge of Weekly breakdownBank Nifty Is on the verge of Weekly breakdown. Since Covid, its 8th time it is on this trendline. If this trendline break, There will be the huge correction in Bank Nifty.
BANK NIFTY Short term UpdateBank Nifty is looking in a impulsive structure CMP 53000 & holding 52900 it can move towards 55000 so risk reward is good for longs here as can be seen in this chart it has pulled back to reverse parallel channel & its 38.2% retracement of probable wave 3 rise this is very short term trade idea so will follow the tight SL.
Bank-Nifty Levels For Intraday or swing TradingBank Nifty Chart Overview:
Current Value: 51,278.75 INR.
Recent Performance:
1 day: +0.28%
5 days: +1.24%
1 month: +1.66%
6 months: +11.80%
Year to date: +6.41%
1 year: +15.91%
5 years: +87.15%
Key Data Points:
Volume: 111.42M
Previous close: 51,148.10 INR
Open: 51,214.05 INR
Day’s range: 50,938.10 — 51,404.70 INR
Bank nifty confirms LL & LH pattern, more correction will come.Bank nifty confirms LL & LH pattern. Any bounce up to 51300-51840 would be good opportunity to short for target 49000 soon.
Bank Nifty 1d Technical Analysis - Bank Nifty is currently trading at 51,295 and looking Bearish on a High Time Frame
- Watch out if you are looking for Aggressive longs or adding stocks for long-term
- The location looks very scary so try to be a little conscious while longing for BNF
- Watch out for the bearish OB reaction
- Any sweep above that can easily lead to huge impulsive moves
- My overall bias remains bearish
Bank Nifty: +2221 to +6979 points upside potential in Index#Bank Nifty 14 Jun 2024
"Life is Simple, we make it complicated, So is Trading.
Discover Simple, Yet Powerful Ideas."
In Play : HH : HL
Summary
• CMP : 50085
• Clean Price Action with Vol favor's BULLS FOOT PRINT
• Nice gap filled in both the directions and bears losing steam
• Trading right AROUNG VP mountain
- ATH : 51,133
Conclusion
• CMP 50085
• Looks good for going NORTH
• Higher Levels could be around
o Imm Higher Levels : 52,261/54,025
o Potential Levels : 55,316/57,004
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Bank Nifty Weekly Analysis For 18-06-24 to 21-06-24Bank Nifty Weekly Analysis For 18-06-24 to 21-06-24
49500-50300 is the range for Bank Nifty.
Long above 50300 for 50780/51080.
Short Below 49500 for 49080/48650.
Verdict: Sideways to upside
Bank Nifty: 49750 is key to holdBank Nifty is getting resistance at higher levels. 49750 is important to hold else can see sharp fall of 200-300 points. Keep on radar.
Bank Nifty Weekly Analysis For 21-05-24 to 24-05-24Bank Nifty Weekly Analysis For 21-05-24 to 24-05-24
48800-49000 is major resistance for bank nifty.
Long above 48300 for the Target of 48580/48800.
Short level below 47700 for the targets of 47380/47080.
Next short level from PRZ area after the confirmation of a reversal in price action.
Bank Nifty: Intra day viewBank Nifty is trading near support levels. Fresh shorts can be risky at current levels. Divergence can also be seen in shorter time frame.
Bank Nifty: Intra Day ViewBank Nifty is trading near support levels. Fresh short is not looking good at current price. Considering call option chart volume is looking good for upside. Keep on radar.
Bank Nifty: Intra day viewBank Nifty is trading near support levels. Fresh shorts at current levels is not looking good. Wait for a pull back for initiating fresh position. 47400-47500 will act as strong support.
Bank Nifty: Coming back in the upward channelBank Nifty is looking good on daily time frame. Index is attempting to enter in the upward slopping channel again. Keep on radar for closing. Seems call writers has been trapped for this week expiry.
Bank Nifty: Trading near strong support levelsBank Nifty is not looking good for short at current levels. Seems market will consolidate near 47200-48000 before giving any clear direction. Keep on radar. For fresh short opportunities need to break and sustain below 47200.
Bank Nifty: Intra day viewBank Nifty is trading near resistance levels. Not looking good for long at current levels. 48000-48100 will act as support. 48300-48400 is acting as resistance zone. Keep on radar for range breakout.
Bank Nifty formed spinning Top pattern on Daily TFBank Nifty Index closed below around 48500 level after Gap Down Opening In last session
The index formed a spinning top pattern on the daily charts
Outside the Range of 47200 to 47800, momentum is expected
*For Education Purpose
Practice and Learn price action setups
Bank Nifty: Positional view for current week expiryBank Nifty is forming doji candle on daily time frame near all time high levels. Whenvever a doji is formed near ATH, market correct as per past data. Fresh long at current levels for current week expiry can be risky. Can expect correction in current week expiry before fresh upmove. Keep on radar.
Bank Nifty: Intra Day viewBank Nifty is looking good for buy on dip mode till 48200 is protected. Market has created good base near 48200-48300. Any dip till 48200 can be consider as buying opportunity. Keep on radar.
