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Bank Nifty - Weekly review Feb 17 to Feb 21Price gave nice fall from rising wedge pattern and in that process has formed a descending channel. Now price is testing the upper trend line of the channel. 49000 zone is the trend direction deciding zone. Buy above 49040 with the stop loss of 48940 for the targets 49140, 49220, 49340, 49460, 49600, 49720, 49850, 49980. 50k is important zone and price may become volatile as buyers and sellers will try to show their strength at that zone. Sustaining above 50100 can give another 500 to 800 points move. Sell below 48800 with the stop loss of 48900 for the targets 48700, 48580, 48500, 48360, 48200, 48040 and 47950. Do your own analysis before taking any trade.
NSE:BANKNIFTY
by vanathi
BankNifty levels - Feb 17, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Nifty levels - Feb 17, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty about to TRAP longs... Bullish? Think AGAIN!Hello traders! I'm looking at equal lows/sellside as the draw. My narrative is that we would take out any longs remaining with BUYSIDE at 23144.70 . If we gap up above buyside, which is what I expect, it would be an easy day for shorts. If we gap down, we may see a rush up to buyside and then take the move forward to SELLSIDE at 22786.90 . But whatever the gap scenario is, my draw remains towards 22786.90... GLGT! Not financial advice.
NSE:NIFTYShort
by SatyajeetPSahai
1
NiftyHello & welcome to this analysis The index which attempted a bounce on Tuesday failed to breach above 23250, today it is again witnessing selling pressure. A bullish Harmonic Alt Shark could pause/stop this decline near 22675 which is the lower trendline of a falling channel apart from it being the monthly Ichimoku support area. Further decline could take it to 22400 where it has a Bullish Harmonic Gartley. Short covering as of now is appears to be only above 23175 The risk reward going forward still remains in favour of short side trades
NSE:NIFTYShort
by Dinesh_C_Nagpal
BANKNIFTY - LONG POSITIONS ON RETRACEMENT?Symbol - BANKNIFTY CMP - 49300 Bank Nifty has recently approached a crucial resistance zone, positioned between the 50600 and 51000 levels. This zone has acted as a significant barrier to upward movement. Observing the recent price action, Bank Nifty has tested this resistance area multiple times, confirming its strength. From a technical standpoint, the index has formed a double bottom pattern near 48000 levels, which is a critical support zone. This pattern typically indicates a potential reversal of the previous downtrend, as the price failed to breach the 48000 support level and instead demonstrated a strong recovery. The double bottom formation suggests a buildup of bullish momentum from the support region. Currently, Bank Nifty has shown a notable retracement from the resistance zone. Given the pattern formation and the recent retracement, the expectation is for the bullish trend to resume. A recovery from the current levels could lead Bank Nifty to retest the 50500 - 51000 resistance zone again. Should the index successfully break above this resistance area and sustain levels above it, the next target is likely to be around the 51800 level. However, the bullish outlook is contingent upon the index holding its key support levels. The critical support range lies between 48800 - 48600 area. Should Bank Nifty fail to maintain this support and break below it, the trend may turn bearish, triggering a potential sell-off and driving prices lower, with the next possible support zones coming into play at lower levels. In summary, the technical analysis suggests a favorable bullish scenario, provided the key support levels hold. If the resistance zone around 50800 is breached, further upside momentum toward the 51800 region is possible. However, failure to hold the support zone could lead to a reversal in the trend, and further downside could materialize.
NSE:BANKNIFTYLong
by akshit_official
5
Second Sell Recommendation for US30 Based on the ChartTechnical Analysis: Strong Resistance at 44,750 - 44,959 US30 is approaching a strong resistance zone where price previously faced rejection. This area coincides with the EMA 33 and a key supply zone. Fibonacci Retracement 0.618 - 0.786 The price is reaching the 0.618 – 0.786 Fibonacci retracement levels, which are often reversal zones. In the previous attempt, selling pressure increased significantly at this level. Price Structure US30 has shown a previous downtrend and is now retracing towards a critical resistance level. If the price fails to break above 44,950, a further decline is highly likely. Declining Volume During the price increase towards resistance, trading volume has been weakening. This indicates that buying momentum is fading, increasing the chances of a bearish reversal. Trading Strategy: Sell Entry Zone: Around 44,750 - 44,950 Stop Loss: 45,195 (above resistance zone) Take Profit Targets: Target 1: 44,200 (EMA 33 Low) Target 2: 43,780 - 43,770 (strong support zone) 🎯 Risk-to-Reward (R:R) Ratio Estimate: 1:3 – A favorable setup if price reacts as expected.
CAPITALCOM:US30Short
by ngohungsky941
#Nifty directions and levels for February 14th:Good morning, Friends! 🌞 Here are the market directions and levels for February 14th: Market Overview There have been no significant changes in the global markets. The global sentiment remains bullish, as indicated by the Dow Jones, while our local market is showing a moderately bearish sentiment. Today, the market may open neutral to slightly gap-up, as Gift Nifty indicates a positive move of 100 points. In the previous session, both Nifty and Bank Nifty closed with a neutral sentiment, though volatility was high. What about today? Due to selling pressure, the market didn’t gain much even when it started positively. So, today, we will take a conservative approach. My expectation is for a consolidation phase. However, if the market breaks its immediate support or resistance after some consolidation, the direction is likely to persist. Let’s look at the chart. Both Nifty and Bank Nifty have the same structural sentiment. Current View We are in the mid-level of the current swing, so we cannot take a single-direction approach. However, the trend shows a slightly bearish bias. If the initial market declines, we can expect a minimum downside of 22,956 to 22,920. This is an Expanding Flat correctional pullback zone. If the market rejects sharply from this zone, we can expect a pullback that could at least reach today’s opening level. > On the other hand, if the decline has a solid structure and breaks this zone or consolidates around it, the correction is likely to continue. Alternate View The alternate view suggests that if the market sustains the gap-up, 23,186 will act as a major resistance. So, until this level is broken, we can expect consolidation within the previous day’s range. If it breaks with a solid structure, the next target will be the top of the channel.
NSE:NIFTY
by Manickamtraders
#Banknifty directions and levels for February 14th:Current View We are in the mid-level of the current swing, so we cannot take a single-direction approach. However, the trend shows a slightly bearish bias. If the initial market declines, we can expect a minimum downside of 49,159. This is an Expanding Flat correctional pullback zone. If the market rejects sharply from this zone, we can expect a pullback that could at least reach today’s opening level. > On the other hand, if the decline has a solid structure and breaks this zone or consolidates around it, the correction is likely to continue. Alternate View The alternate view suggests that if the market sustains the gap-up, 49,716 will act as a major resistance. So, until this level is broken, we can expect consolidation within the previous day’s range. If it breaks with a solid structure, the next target will be the top of the channel.
NSE:BANKNIFTY
by Manickamtraders
Nifty 50 next movement in 15 Min Time frameNifty 50 - Nifty made significant movement from the recent key date. Complete downward movement is ruled out immediately as previous key date was of higher level. Yesterday while doing calculation for targets, had idea that today it should mostly try sideways or down movement as yesterday it had achived the target that today it may take. Till now Nifty has been doing the same. From back of mind, we assume market may make further movement from 1.30 to 2.15 in 15 minute TF. if not then wait for 3pm, in 15 minute time frame. it is actually based on a cycle completion calculation.
NSE:NIFTYLong
by sudhannayak
Nifty Time level - Key times for todayNifty Time level - Key times for today As we had predicted and updated on our posts, Nifty is down today. And it is going down agressively. Till when it will go down, we also had done a post for that. Y esterday there was one key time which was 3.15PM 15 Minute time frame. you can check the reaction at that time. Today 1.15pm in 15 minute time frame , is the key time. Other lower level time frames for the day can be referred ( not mentioned here ).
NSE:NIFTY
by sudhannayak