Upside opportunity in BNFChance of an upside probability in bank nifty if it sustains at around 49850 level as there are chances of short covering in the 2nd half. As long as it sustains at the current level we will avoid taking any upside trade.
BANKNIFTY trade ideas
Pre Market analysis for 08/01/2025
Pre Market analysis for 08/01/2025
#NIFTYBANK
If market opens flat and breaks 50000 level, will plan for selling for target 49700 level.
If market opens gap down, and sustains below 50000 will plan for selling for target 49700.
If market opens gap up, and breaks 50400 level, then plan for buying for target 50800.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
#Banknifty directions and levels for January 8th, Wednesday:The market seems to be in the 4th consolidation wave. Yesterday’s movement supports this view.
Unless the market breaks the previous high, we can assume it is still in the consolidation phase. However, if it breaks the previous high, the trend may change. Usually, breaking the 38% Fibonacci level can push the market toward the 78% level.
based on that if the market crosses yesterday’s high, we could see it move toward the 50% to 61% Fibonacci levels. This is the key structure for the day.
BANKNIFTY Levels for January 8, 2025
BANKNIFTY 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.
Is Nifty-Bank test 49700 ?Back-to-Back Evening star form on B-nifty chart weak sign, If it will give weekly closing below 52000. Deep correct may come up to 49700 again.
Banknifty head nd shoulder breakdownBanknifty breakdown corona support line .. big down move we might see below 49600 below day close .. bnf day close below 49600 within 2-3 session we might see 48500-48200 level too fast
Another directional RALLY coming up..?As we can see BANKNIFTY did respect its strong demand zone but remained flay throughout the day after opening strong. But following the bigger tf we can see BANKNIFTY trading at very crucial demand zone which has become weak now. Hence any closing and sustainment below the demand zone can lead to unidirectional 2000++ downfall as it would not only break the demand zone but also break the psychological level of 50000 so plan your trades accordingly and keep watching.
VIEW ON BANK NIFTYBuy zone: 49850-50050
Target 50150/50250/50350/50475/50575/50750
Stop loss 49750
Sell zone: 50650-50450
Target 50350/50250/50150/50000/49850
Stop loss 50750
I am just representing my views
For educational purpose only.
Descending Triangle: Wave 4 Continuation or ABC CorrectionSetup 1: Wave 4 Correction
Description: The descending triangle is interpreted as a Wave 4 corrective structure.
Scenario:
If this is Wave 4, it means the trend is still bullish, and after the correction is completed, the price is likely to break upward into Wave 5.
The price may bounce off the horizontal support line and eventually break above the descending triangle, leading to new highs in Wave 5.
Key Characteristics:
Wave 4 corrections often take the form of triangles.
The A-B-C-D-E triangle pattern reflects a consolidation before the final impulse wave (Wave 5).
In this scenario, the market would resume its primary uptrend after Wave 4.
Setup 2: Continuation of a Larger Corrective Pattern
Description: The descending triangle is part of a B wave in an ABC correction.
Scenario:
If Wave 5 is already complete, the descending triangle forms as part of a B wave within a larger corrective structure (ABC).
After breaking below the horizontal support line, the price is likely to decline further into Wave C, completing the correction.
This would signify a bearish continuation in the short to medium term.
Key Characteristics:
Wave B often includes triangles and is a counter-trend wave within an ABC correction.
The descending triangle in this context leads to a downward breakout.
Rules and Observations from the Chart:
Descending Triangle Rules:
The lower boundary (horizontal support) is tested multiple times but remains intact until the breakout.
The upper boundary is a descending trendline created by lower highs.
The triangle consists of 5 waves (A-B-C-D-E) following a 3-3-3-3-3 pattern.
Key Levels:
Support Line: A critical level to watch. If this breaks, it triggers the bearish scenario (Setup 2).
Resistance Line: If the price breaks above the descending trendline, it confirms the bullish Wave 5 scenario (Setup 1).
Critical Decision Point:
The outcome of the triangle (upward or downward breakout) will dictate whether Setup 1 (Wave 4) or Setup 2 (ABC correction) plays out.
Conclusion:
Bullish Case (Setup 1): The correction completes, and the price resumes its uptrend into Wave 5.
Bearish Case (Setup 2): The correction deepens, and the price declines further into Wave C.
PCR in trading The Put-Call Ratio (PCR) is a popular technical indicator used by investors to assess market sentiment. It is calculated by dividing the volume or open interest of put options by call options over a specific time period. A higher PCR suggests bearish sentiment, while a lower PCR indicates bullish sentiment.
A PCR at one (=1) suggests that investors are purchasing the same amount of put options as call options and signals a neutral trend going forward. No PCR is considered ideal, but a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR above 1 is typically viewed as a strong bearish sentiment.
Banknifty Intraday Analysis for 7th January 2025NSE:BANKNIFTY
Index closed near 49920 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
51000 Strike – 13.72 Lakh
50000 Strike – 6.47 Lakh
50500 Strike – 5.02 Lakh
Put Writing
49000 Strike – 12.14 Lakh
50000 Strike – 11.73 Lakh
51000 Strike – 11.61 Lakh
Index has resistance near 50300 – 50400 range and if index crosses and sustains above this level then may reach near 50800 – 50900 range.
Index has immediate support near 49500 - 49400 range and if this support is broken then index may tank near 49000 - 48900 range. If the Index doesn't bounce back from day low, another round of downside moment is expected due to fresh development of the HMPV threat.
BankNifty levels - Jan 08, 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.
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Wishing you successful trading endeavors!
Pre Market analysis for 07/01/2025
Pre Market analysis for 07/01/2025
#NIFTYBANK
If market opens flat and breaks 49700 level, will plan for selling for target 49500 level.
If market opens gap down, and sustains below 49800 will plan for selling for target 49400.
If market opens gap up, and breaks above 50200 level, then plan for buying for target 50700.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
#Banknifty directions and levels for January 7th, Tuesday:Bank Nifty Current View:
The current view for Bank Nifty is similar to that of Nifty.
If the market opens with a gap-up and sustains, it could take a 23% to 38% pullback in the minor swing, and structurally, it could be a 4th wave. The 4th wave is a three-wave structure and could also be a consolidation wave. The 4th wave usually doesn't break the 38% Fibonacci level, so once it starts to reject there, we can expect a correction. This is the basic structure. However, if the market experiences a strong pullback, it could reach the 50% mark.
Alternate View:
An alternate scenario suggests that if the gap-up doesn't sustain and breaks the previous low, we can expect a correction to the level of 49,599 to the demand zone. If this happens, we should consider that a 5th wave. The 5th wave is a distribution wave, so if it finds support around 49,559 or the demand zone, we can expect a minimum of a 23% to 38% pullback in the overall swing. (Before entering the pullback, please check for some reversal confirmation.)
BANKNIFTY Levels for January 7, 2025
BANKNIFTY 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.
Banknifty sell given yesterday before opening enjoy 1000 points Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Bank nifty trades and targets - 7/1/25Hello Everyone. The market was in a bearish mode today. If the market opens flat then we can see continuation of trend. 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.
Banknifty Ready for 3000+ ReversalIf this demand Zone gets held up can expect a quick rebound and BN should be back for another reversal of 3000+ Points by March 25.
The much tested TRENDLINE is broken What’s next? As we can see BANKNIFTY fell unidirectionally as expected in our previous post as the trendline was tested multiple times making it weaker hence any sustainment below the trendline would lead to a good fall was our plan and it did happen. Now it can be seen closing at important demand zone but can also be seen in more like head and shoulders pattern in bigger time frame hence once again if breaks below then we may see a strong downfall in coming trading sessions so plan your trades accordingly.
BankNifty Intraday Support & Resistance Levels for 07.01.2025On Monday, BankNifty witnessed a sharp sell-off. After opening flat and reaching a high of 51,026.10, the index nosedived over 1,200 points to a low of 49,751, breaking all near-demand zones. It closed at 49,922, down by a significant 1,066 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative.
Demand/Support Zones
Near Support Level: 49,282.64 (61.8% FIBO retracement)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 50,618.95 - 50,813.55
Near Supply/Resistance Zone (75m): 50,904.35 - 51,088.90
Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30
Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10
Far Supply/Resistance Zone (Weekly): 52,264.55 - 53,775.10
Outlook
The relentless selling pressure has pushed BankNifty closer to critical support levels, with 49,282.64 being the next key zone to watch. Recovery attempts could face resistance near the 50,618 zone, while the broader trend remains bearish.
Nifty And Bank Nifty View For 7 January 2025Today in this video we will try to know what will be the future strategy of Bank Nifty and Nifty
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