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BANKNIFTY trade ideas

BANK NIFTY GANN SEASONAL ANALYSIS FALL SEASON SEPT-DEC 2024Fall season started with a brief rise and literal fall for the Bank Nifty Index. Squaring the High we got hit on price death zone level of 50185.55. Level has worked perfectly till date. we got a cycle move it 52454.85 three times and fourth time it went through it. High coming on a minor sectional level of 53892.35 on time death zone and fall started again. We are at a major sectional 50634.15 which needs to be watched hereafter. Major Cycle level coming in at 49867.35 hit on 21 Nov 2024. For growth we need to stay above the level of 50017.35 on the index. Use this update for the Dec expiry. We may another dull season till March 2025 and momentum can start from there if not early in the next winter season. Happy Trading !!!
NSE:BANKNIFTY
by kbr9121965
Banknifty : Head n Shoulder Pattern (Preparing for a big Fall ?)Banknifty is showing resistance at 53700 n fall from there. a possible Head n Shoulder Pattern is emerging. Banknifty might hold the lead in fall in capital market. do not take positions in banking sector unless it closes above 53700. closing above it will move very higher within few weeks Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
NSE:BANKNIFTYShort
by maneeshaggarwal
Banknifty Intraday Analysis for 20th December 2024NSE:BANKNIFTY Index closed near 51575 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 52500 Strike – 21.05 Lakh 52000 Strike – 14.27 Lakh 51500 Strike – 11.46 Lakh Put Writing 51000 Strike – 14.56 Lakh 51500 Strike – 12.07 Lakh 52000 Strike – 11.25 Lakh Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level then may reach near 52500 – 52600 range. Index has immediate support near 51100 - 51000 range and if this support is broken then index may tank near 50400 - 50300 range.
NSE:BANKNIFTY
by RKMAURYA
BankNifty levels - Dec 23, 2024Utilizing 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
Banknifty Trade set up with 1:5+ RRAs of December 19, 2024, Bank Nifty has experienced a significant downward movement: The index fell by more than 1300 points over two trading days It reached a low of 51263 levels This sharp decline was accurately predicted using Neo wave and price action analysis, demonstrating the effectiveness of these techniques in forecasting market movements Key Price Levels and Targets Several important price levels have been identified: A critical support level at 52580 Potential targets on the downside include 52180 and 518001. Resistance level at 53200, which needs to be broken for fresh buying to emerge
NSE:BANKNIFTYLong
by KarniKripaa
Gap pe GapThe BankNifty on the daily charts has closed the erstwhile rising gap with a recent falling gap. In the last five trading sessions, the index is down close to 5% with a proper sequence of lower low and lower high. Looking at this recent sell-off, it seems like we are all set for a re-test of a broad support zone within (49,600-50,400) marked by the blue box. This blue zone for the BankNifty has been a solid range of support since early August 2024. And we can see how many times in the recent past the index has bounced up from this zone. I have also plotted my favourite Fibonacci retracement duo, which comes close to (50,650-50,750). The current price & momentum state does not offer us any reason to go long unless you prefer to play a blind hand. We should look closely at the index once these perceived support levels get tested. And if we get a bounce back from any of these levels, evaluate which banking stock is leading that move. Do feel free to share your thoughts. Till then, Trade Well.
NSE:BANKNIFTY
by Abhijit_Paul
What is Option Chain ?Options chain can be defined as the listing of all option contracts. It comes with two different sections: call and put. A call option means a contract that gives you the right but does not give you the obligation to buy an underlying asset at a particular price and within the option's expiration date. How does an option chain work? An option chain displays available call and put options for a specific underlying asset, with their strike prices, premiums, and open interest. It provides a snapshot of market sentiment and potential price movements.
NSE:BANKNIFTYEducation
by SkyTradingZone
2
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NSE:BANKNIFTYEducation
by SkyTradingZone
Relative Strength Index (RSI) IndicatorThe relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. RSI readings below 30 signal buy opportunities, indicating the asset is undervalued. Conversely, RSI readings above 70 signal sell opportunities, suggesting the asset is overvalued. A value of 50 signifies a balance between bullish and bearish positions or a neutral stance.
NSE:BANKNIFTYEducation
by SkyTradingZone
Bank Nifty index Support & Resistance Support Levels: Support levels are price points where the Bank Nifty index tends to find buying interest. These are levels where the index has historically reversed or slowed down its decline. Recent Swing Lows: Look for the recent lowest points on the chart where the price has bounced back. Fibonacci Retracement Levels: Fibonacci levels (23.6%, 38.2%, 50%, 61.8%) are often used to identify potential support zones. Moving Averages: Key moving averages like the 50-day, 100-day, or 200-day moving average can act as dynamic support levels. 2. Resistance Levels: Resistance levels are price points where selling pressure tends to emerge, preventing the price from rising further. Recent Swing Highs: Look for points where the index has faced difficulty breaking through or has reversed from the upside. Fibonacci Retracement Levels: Similarly, Fibonacci levels can also help identify potential resistance areas. Psychological Levels: Round numbers or large milestones in the Bank Nifty's price (like 40,000, 45,000, etc.) often act as resistance. Trendlines: A downward-sloping trendline can act as resistance, especially if it intersects with recent highs.
NSE:BANKNIFTYLong
by EmpireCrown
#Banknifty directions and levels for December 20th.Good morning, friends! 🌞 Here are the market directions and levels for December 20th. Market Overview: Both the global and local markets are maintaining a bearish sentiment. Today, the market may open with a slight gap-down start, as the Nifty is indicating a negative 80 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty experienced a minor pullback after the long gap-down. Although the structure remains bearish, we can expect a continuation only if it breaks the previous day's low with solid movement. If this happens, we can anticipate a target of 78% in the minor swing. On the other hand, if the market initially pulls back without breaking yesterday's low, or if it finds support at the immediate support level with gradual movements, then we can expect a pullback of 23% to 38%. This is the basic structure. Otherwise, we can follow the same sentiment that we discussed in the previous session, as nothing has changed.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Levels for December 20, 2024BANKNIFTY Levels for Today Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas.
NSE:BANKNIFTY
by RainingMoneywithTech
BankNifty Intraday Support & Resistance Levels for 20.12.2024On Thursday, BankNifty opened with a significant gap-down, dropping to a low of 51263.75, entering the 125m Demand Zone and taking support near the 61.8% Fibonacci retracement level. It managed a slight recovery, reaching a high of 51789.85, but closed negative for the third consecutive session at 51575.70, losing 563 points. The Weekly Trend (50 SMA) has turned sideways from positive, while the Daily Trend (50 SMA) remains sideways. Demand/Support Zones Near Support: 51353 (61.8% Fibonacci retracement level) Near Demand/Support Zone (125m): 50898.75 - 51271.50 (tested) Far Demand/Support Zone (Daily): 49787.10 - 50983.50 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 52709.40 - 52911.10 Near Supply/Resistance Zone (15m): 53159.20 - 53276.55 Far Supply/Resistance Zone (30m): 53489.70 - 53675.05 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (tested) Key Insights BankNifty continues to hover near critical support levels, and a break below 51353 could push it further into the Daily Demand Zone. Resistance remains strong at 53000+ levels.
NSE:BANKNIFTY
by PriteshPalan
Bank nifty trades and targets - 20/12/24Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trades. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 100 points as we are getting very few trending moves.
NSE:BANKNIFTY
by GOPISRI
BANKNIFTY prediction for 29 Dec 24As we discussed yesterday, the market opened at -500 points and spent whole days sideways volatile moment. If we look at the chart now: The market is trading at 1H-TF 0.618 fib level, which is a good point to support. It also did hold today nicely. Support levels : 51138, 50719. Resistance levels : 52075, 52378, and 52833 . If we look at the OI data: PCR = 0.5, which has decreased from 0.9, shows bearish market behavior. The market has good CE and PE writing at 51500, which is going to provide maximum pain. On higher levels, the market has good CE writing at 52000 and 52500, which is going to provide a very good resistance point. On Lover, levels 51500 and 51000 have good PE writing, which is going to provide good support. I have neutral behavior in the market. Reason: Price < EMAs shows bearish market structure. PCR = 0.5 shows that the market is bearish. RSI < 40 shows the strength of a weak bull. Price < VWAP shows the market is bearish right now. the market is trading at 0.618 fib level, which can be a good support point. Verdict : Neutral Plan of action: Sell 51500 CE and Sell 51500 PE (Hedge position) adjust according to the price action on given levels.
NSE:BANKNIFTY
by finnova_