bankniftysell and buy both zones mentioned in chart. i am waiting for any one zone breakout. and i will enter the trade. my simple plan is ready. market will decide go which direction and go with market. thanksby amitbnl07Updated 1
Banknifty Levels and Zone For 15 min Time Frame #TradeingWhat is Level 1 and Level 2 options trading? Option levels are an industry standard way to determine how much risk a client should be allowed to take, with level 1 being lower risk strategies and higher levels having riskier options. SoFi currently only supports level 2 options execution, which means you can buy calls and puts, and sell to close positions.by TrendTalk47
[INTRADAY] #BANKNIFTY PE & CE Levels(16/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level & this rally can extend another 400 points if market gives breakout 48050 level in todays session. Any Major downside only expected in case banknifty starts trading below 47450 level. also possible reversal downside 47950 level. by TradZoo5
BANKNIFTY Levels for May 16, 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.by RainingMoneywithTech2
BankNifty Support & Resistance Levels for 16.05.2024BankNifty maintains stability with no changes in the support and resistance levels outlined in the previous post. The near support zone persists between 47160 and 47293, accompanied by a far support zone ranging from 46870 to 47015. Similarly, the nearest resistance zone for BankNifty remains unchanged, positioned at 48051 to 48146, with a more distant resistance observed between 48222 and 48457. by PriteshPal1
BANKNIFTY Intraday Trading IdeaThe chart shared itself is self explanatory. My plan will be as follows : In case 1, I will buy 47600CE when Banknifty touches 47664.30 and shows any confirmation on M1. In case 2, I will buy 47600PE when Banknifty touches 47584.40 and shows any confirmation on M1. In case 3, will buy 47500CE when price touches 47584.40 and shows any confirmation on M1 . Also will buy 47700PE when price touches 47664.30 and shows any confirmation on M1. Entry confirmation means if u see engulfing candles/morning star/evening star at the above mentioned levels. All the best everyone.by DhananjayaShetty1
bank nifty crash point bank nifty is almost traveling on trend line from 2019 now its can be break the trend line start to fall back to take even min 50% of retracement of golden ratio or fall more its near the support of 47200 to 47000 can expect a down fall if break the level happy tradingShortby TRADING_MASTER_DAVIS0
#Banknifty directions and levels for May 16th.BankNifty also has the same sentiment. The market may start with a gap-up. After that, if it breaks or consolidates around the immediate resistance zone, then it may continue the rally and could reach a minimum of the minor swing high to 48424. Alternatively, if the market rejects sharply around the immediate resistance zone, initially we can expect a 23 to 38% correction. After that, if it breaks the 38% Fibonacci level, we can expect the correction to continue to the level of 78% to the next 1.27 extension. On the other hand, if it finds support around the minor Fibonacci level of 38%, then the market will maintain the bullish bias.by Manickamtraders776
15 May 2024 - Banknifty in neutral territory, break 47465 for 🐻BankNifty Analysis — Stance Neutral ➡️ BN ended the day with cuts of -172pts ~ -0.36%. We went neutral after the price action on 13th May. After that, we had one up day (14th) and a down day (15th) — the result, we are back in the neutral territory. BN did not even go to the 48115 levels which came as a surprise. Ideally, on 16th there may be an attempt to take out 48115 resistance, only then the Bulls can exert their dominance. If it stays like this, we get another lower low formation and it would mean the Bears will come back much stronger. Only if 47465 is broken, we will change our stance from neutral to bearish. The algos made a super profit of 45596 INR today.by viswaram1
#Banknifty:16th May#Banknifty:16th May Step1: S1- 47862 Step2: S2-47534 Step3: Resistance zone 48157- 47947by rudrajit_deb0
Bank Nifty Spot Chart Technical Analysis for 16.05.24📈 Bank Nifty Intraday Spot Chart Technical Analysis: 16 May, 2024 📊 Range Trigger Point: 47687 📉 Day Range: 423 Points 💰 Buy Above: 47796 💼 Average At: 47746 🎯 Buy Target 1: 47949 🎯 Buy Target 2: 48110 🛑 Buyer Stoploss: 47655 💰 Sell Below: 47696 💼 Sell Target 1: 47426 💼 Sell Target 2: 47265 🛑 Seller Stoploss: 47837 Don't forget to reciprocate your love by boosting, following and responding, your actions fuel my efforts to do even better for you! #BankNiftyOptions #NiftyBank #TRADINGTIPS #trading #optiontrading #optionbuying by NumroTrader0
Bank Nifty for 16/05/2024BankNifty shows a downtrend in last few sessions and take a pullback, Bank Nifty formed symmetrical triangle pattern in last session, if tommorow Bank Nifty breaks symmetrical triangle pattern downside then we can expect a big move in downside or if it breaks upside the we can expect more pullback for 1 or 2 sessions, here are some levels for your information. I am not SEBI registered analyst, this is only my personal view only for educational purposeby bornforseain19841
BANKNIFTY yet to move!As we can see BANKNIFTY remained more like sideways to negative throughout the day after rallying for past two days. We can expect further rally from here till it maintains itself above the structure so plan your trades accordingly by Wealthcam1
Banknifty Intraday Analysis for 15th May 2024NSE:BANKNIFTY Highest Call writing of 35.63 Lakh at 49000 strike followed by 34.73 Lakh at 48000 strike and 28.14 Lakh at 48500 strike. Highest Put writing of 25.80 Lakh at 46500 strike followed by 24.87 Lakh at 47000 strike and 23.75 Lakh at 47500 strike. Index closed near 47860 level. Index may reach near 48250 level and if crosses and sustain above 47900 level and may reach near 48500 if crosses 48250 level. Index has support near47500 - 47250 level and if 47250 support level broken then index may reach near 46500 46980 level. by RKMAURYAUpdated 1
Technical class #Options #TradingWhat are the two types of technical analysis? What exactly are the two types of technical analysis? Chart patterns and technical (statistical) indicators are the two main types of technical analysis. Chart patterns are a subjective type of technical analysis in which technicians use certain patterns to indicate regions of support and resistance on a chart.38:44by TrendTalk70
Bank Nifty formed Bearish candle on Daily TFThe Index started the week on a positive note But BNF showed lacklustre trend in next 2 days The Index faced pressure from HDFC Bank As long as Index remains above imp support of 47k/47200 it can show rebound towards next resistance level However in case of Bearish Pattern at higher levels, the index can come back to prev week range Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setupsby Himanu_HATradeTalk10
Bank Nifty formed Bearish candle on Daily TFThe Index started the week on a positive note But BNF showed lacklustre trend in next 2 days The Index faced pressure from HDFC Bank As long as Index remains above imp support of 47k/47200 it can show rebound towards next resistance level However in case of Bearish Pattern at higher levels, the index can come back to prev week range Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setupsby Himanu_HATradeTalk10
BANKNIFTY Intraday Trade Setup For 16 May 2024BANKNIFTY Intraday Trade Setup For 16 May 2024 Bullish-Above 47970 Invalid-Below 47860 T- 48510 Bearish-Below 47500 Invalid-Above 47610 T- 46950 BANKNIFTY has closed on a bearish note with 0.36% cut today. Since last 2 sessions index has stuck between 48000 and 47500. As per discussed analysis in the weekend we discussed the possibility of halt of the downtrend or reversal. Index has taken a halt which is common before reversal. We will trade on the range breakout of 48000 and 47500. Maintain neutral/sideways view between this range. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47970 then we will long for the target of 48511. For selling we need a 15 Min candle close below 47500. T- 46950. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.by Omahto6
Bank nifty trades and targets - 16/5/24Hello Everyone. The market was in a very tight range the today. We got few trades today. Look for patterns from where the reversals are happening on larger time frame and mark these before on charts before the start of the day. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 50 points as we are getting very few trending moves. by GOPISRI3
ARE YOU A TRADER OR A GAMBLER? ARE YOU A TRADER OR A GAMBLER? TRADER 1. Focuses on long-term growth, profitability, and consistency. 2. Has a valid trading plan and a back-tested strategy that they use use all the time and optimizes along the way. 3. Strictly obeys risk management principles and does not over-leverage their account. 4. Trades only when there are high-probability setups available and their entry criteria have been met. 5. Accepts their losses and does not get emotional. 6. Treats trading like a business. GAMBLER 1. Wants to make quick money. 2. Does not have a strategy and trades based on word of mouth, some Tweets, and coin flips. 3. Uses extremely high leverage and risks half of their account on single trades. 4. Opens random positions, over-trades, and make irrational decisions. 5. Gets their mood ruined and angry whenever they endure a loss. 6. Thinks that trading is like a casino.Educationby TrendTalk65
BANKNIFTY prediction for tomorrow 16 May 2024Banknifty has been Bearish for the last two weeks. Now, Bank Nifty is in the support zone. If we look at the chart now: Banknifty has successfully broken the bearish trend to the upside. It gave a nice V-shape recovery. But big players have not accumulated the quantity, and that's why there was huge volatility yesterday. The market has taken support at Fib 0.38 of the current minor trend. It is in range bound 47578-47935. if it breaks 47935 to the upside, the market can form a higher high till 48432. If we look at the OI data: PCR = 0.86, which shows that next week's market is bullish. That's why big players are accumulating the quantity at lower levels. There is only a significant level of resistance at 48000—other than that, all levels have very normal CE and PE writing. I am expecting the market to go bullish for next week's expiry and sideways for tomorrow's session : Reasons: RSI is 40-60 shows the market is going to be sideways. Price ~= EMA (13) but less than 200 EMA, which shows the market still has to break 200 EMA to go bullish. PCR = 0.86 shows a bullish sign for tomorrow. But as it is the 1st day of the expiry session, it will not make much difference. The market taking support from the Lower channel of Vwap means bulls are getting strength. The market has already given a breakout after little accumulation; soon, it will shoot to the upside. Market has been providing good volume at buying candles shows upcoming bullish market structure. Verdict: Sideways or Bullish Plan of action: Sell 48000 CE and Sell 47600 PE (Hedge with 20/- Premium) Longby finnova_7
BankNifty Support&Resistance levels for 14th May Tuesday Banknifty today closed at important resistance area from where selling came in the morning after market open it checked the 47900 area and fell,if tommorow opens flat we need to see price action here with any bearish price action consider shorting options.Immeadiate support will be 47600 if this voilates 47300 is next one(these can be targets if 47900 area rejects ). In anycase if price sustains above 47950 consider long option target 48100,48250,48300 areas above. Key Levels: 47950 resistance 47600 support 47300 support 47000 support Note: These levels can act act as reversal areas please check price action when price over mentioned levles. by rakeshreddymUpdated 0
BankNifty levels - May 16, 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 at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!by sacxe1