Nifty BankBank Nifty Bank Nifty has a support around 47920 to 48220, it bank nifty hold this support can reach up to 48980 to 49220 which is also a resistance level. Below 47920 it can reach targets of 47020 Above 49220 can reach the targets of 49950by DecodingChartsEQ1
Bank nifty trades and targets - 9/5/24Hello 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 trade book profits every 50 points as we are getting very few trending moves. If we do trades in between these zones premium eating will happen and we end up seeing losses. by GOPISRI1
Banknifty Intraday Analysis for 8th May 2024NSE:BANKNIFTY Highest Call writing of 49.54 Lakh at 49500 strike followed by 46.18 Lakh at 50000 strike and 45.03 Lakh at 49000 strike. Highest Put writing of 30.72 Lakh at 47000 strike followed by 27.47 Lakh at 48000 strike and 20.71 Lakh at 47500 strike. Index closed near 48285 level. Index has support near 47900 level and if this support is broken then index may reach near 47400 level. Index may reach near 48625 level if crosses and sustain above 49000 level likely to go beyond 49100 level by RKMAURYAUpdated 0
#Banknifty:9th May#Banknifty:9th may Step1: Keep 47854 as S1 and Stop loss. Enter long. Step2: Exit point R-1 48255 and wait. Step3: 48480 swing high possible. Step4: S2-47600.by rudrajit_deb0
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 09 MAY 202409 May 2024 WORLD MARKETS 1. US markets are trading with a positive bias. 2. Europe and Asia is bullish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is stable but high at 17. So volatility shall continue. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS. 1. HDFC Bank gapped down and broke the crucial support at 1490. The next support is at 1465 and 1490 will be a strong resistance. 2. ICICI Bank has taken support at 1122. If it is broken tomorrow, then we can expect 1115 and below and head towards next support zone of 1090. 3. Reliance has pulled back. 2827 remain a good support. But if it broken tomorrow, we may see 2780 again. TRADING PLAN 1. NIFTY OPEN BETWEEN 22250 - 22350 : NO TRADE. 2. NIFTY OPEN ABOVE 22350: Wait for a consolidation and break above 22400. Tgt 22550. 3.NIFTY OPEN BELOW 22250 : Sell any rally to 22300 in small qty. However aggressive selling can be done below 22180 for a target for 22050 levels. 4. BANK NIFTY OPEN BETWEEN 47900 - 48120 : No trade. 5.BANK NIFTY OPEN ABOVE 48120 : Wait for a consolidation and break above 48300 decisively. 6. BANK NIFTY OPEN BELOW 47920 : Wait for a consolidation and break below 47800. Target 47500. However any rally to 48120, short can be accumulated in small quantities. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER. by sam200519682
Bank nifty 15min If open flat or above 48100 than it move upside target are 48400,48600. If open down than it ll move downside and take support near 47750-700 Thn move upside.by AdithanG0
BANKNIFTY Intraday Trade Setup For 9 May 2024BANKNIFTY Intraday Trade Setup For 9 May 2024 Bullish-Above 48250 Invalid-Below 48140 T- 48750 Bearish-Below 47850 Invalid-Above 47960 T- 47200 BANKNIFTY has closed on a bearish note once again with 0.55% cut today. It opened below our sell level and respected the same however overall it was sideways with injections. It has formed a spinning top candle in daily TF above its high there can pause if not reversal of the downmove. Bears will try to grip below 47950 but will short below confirmation level- 47850. We will ride the short with trailing sl in 5 MIN TF. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 48250 then we will long for the target of 48750. For selling we need a 15 Min candle close below 47850. T- 47200. 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 Omahto118
BankNifty levels - May 09, 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
Smallest Part of Database Trading By 👑TrendTalk 👑Which is better NSE or BSE? Market Capitalisation and Volume NSE generally has a higher market capitalisation and trading volume. Especially, compared to BSE due to its larger number of listed companies and higher trading activity. This might make NSE more attractive to institutional investors and those seeking higher liquidity. How To Become a Professional Trader : Learn the trading basics. ... Learn the advanced basics. ... Develop trading systems and techniques. ... Gain trading experience. ... Consider paper trading. ... Choose a reliable broker. ... Learn to focus. ... Understand risk managementEducation21:58by TrendTalkUpdated 120
bank nifty target done boomhello friends i gave good opportunity to trade i hope you take my call and happy please comment me thank you and good by.Shortby Soyab_Ghazzi_Trader2
Bank Nifty - May 8Price fall down nicely and now it is consolidating in a 100 points range. Will it continue the fall? Pattern : Channel. Range : Medium. Trend strength : Normal. Buy Above : 48240. Stop Loss : 48160. Targets : 48320, 48400, 48480 and 48560. Sell below : 47980. Stop Loss : 48060. Targets : 47920 ,47860, 47780 and 47680. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do. by vanathiUpdated 8832
bank nifty short now hello friends as you can see market making chart pattern and breakout down site most probability market will go down Shortby Soyab_Ghazzi_Trader1
bankniftytrend is down. i amwaiting for breakdown 48186. and i will enter short trade. 49034 tred reversal (buying) area.Shortby amitbnl07113
bankniftyup side or downside zones mentioned in chart. i am waiting for breakout and i will enter the trade. trade your plan and plan your trade.by amitbnl07Updated 4
BankNifty Support & Resistance for 08.05.2024BankNifty is hanging around a critical support area from 48088 to 48359, within a 75-minute timeframe. The big question is whether it will bounce back from this support or break down. On the flip side, the nearest resistance area is between 48784 and 49024. Yesterday, BankNifty closed at 48285.35, signalling a shift towards a neutral to bearish trend since it ended below the previous five-day low. Traders are keeping a close eye on these levels for potential market moves today.by PriteshPal1
[INTRADAY] #BANKNIFTY PE & CE Levels(08/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48550 level then possible upside rally of 400-500 points upto 48950 level in todays session. Any Major downside only expected in case banknifty start trading below 48450 level to 48050 level & this rally can extend another 400 points if market gives breakdown 47950 level. by TradZoo2
BANKNIFTY Levels for May 8, 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 directions and levels for May 8th.Banknifty also has a similar sentiment. If the initial market decline occurs, then we can expect a correction to a minimum of 48128 or 47992 levels. After that, if it finds support there, then we can expect a pullback that may retrace a minimum of 38 to 50%. However, if it doesn't find support or consolidates there, then the correction will likely continue, and we can fix our next target Fibonacci level 38% (47856). The alternate variation is similar to Nifty: if the market takes a pullback initially, then the Fibonacci level 38% (upside) may act as a strong resistance. If it rejects there, then we can expect a range market. After that, if it breaks the range either upside or downside, we can follow the direction.by Manickamtraders4
Banknifty Intraday Prediction Levels for 7 May 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade. by suraranjanganguliUpdated 0
Bank nifty levels and Trendline. Bearish Trend Bank nifty levels and Trendline. Bearish Trend details on channal Shortby DkRayakTV0
BANK NIFTY WEEKLY EXPIRY GANN ANALYSIS FOR 08 MAY 2024...Bank Nifty has been correcting the ATH made on 30 Apr 2024 at 48974.75 which was just 25 points shy of 50000 mark on the index. This being a big psychological resistance for the index. We have completed 4 years of growth from 24 March 2020 low of 16116.10. We are in the 50th month and achieving nearly 50000 is just great. We needed some correction time wise to digest this rise as price is moving ahead of time for the index. The level of 48500 is critical for the index with sideways action in between the levels of 48200 and 48800 . The break of 48200 will be not be good for short term. Yesterdays low is 48213.75 so its like saving the blushes for the day. Time correction can bring the index below to 47400 to 46600 levels if it continues its downward journey. 48636 is important high done on 28 dec 2024 which was last yearly high. Today we have two levels to watch which are 48308 and 48162. In between we may see sideways action. Expiry day so we may see squeeze on price action also. Be quick to trade and have small profits targets and take small stop losses. Trading bias level at 48225. Happy Trading !!!by kbr91219652
BANKNIFTY Intraday Trading IdeaThe chart shared itself is self explanatory. My plan will be as follows : In case 1, I will buy 48400CE when Banknifty touches 48433.90 and shows any confirmation on M1. In case 2, I will buy 48300PE when Banknifty touches 48257.05 and shows any confirmation on M1. In case 3, will buy 48200CE when price touches 48257.05 and shows any confirmation on M1 . Also will buy 48500PE when price touches 48433.90 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 DhananjayaShetty222
BN - 8th May in Support of BullsBN level is similar to that of Nifty and as I poid out earlier it will depend on how much FII sell or buy compared to DIIsby venkatfx2