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BANKNIFTY trade ideas

Banknifty Intraday Analysis for 07th November 2024NSE:BANKNIFTY Index closed near 52315 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 11.18 Lakh 52500 Strike – 10.20 Lakh 53500 Strike – 7.99 Lakh Put Writing 52000 Strike – 9.41 Lakh 51000 Strike – 5.76 Lakh 51500 Strike – 5.63 Lakh Index has resistance near 52900 – 53000 range and if index crosses and sustains above this level then may reach near 53500 – 53600 range. Index has immediate support near 51700 - 51500 range and if this support is broken then index may tank near 51000 - 50800 range.
NSE:BANKNIFTYLong
by RKMAURYA
BankNifty levels - Nov 08, 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 Levels for November 7, 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 MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by StocksOptionBlaster
#banknifty directions and levels for November 7th.Current View: The current view indicates that if the market opens with a gap down, it may reach the 38% level on the downside. Structurally, it won’t go beyond that level. If the market finds support there, then the rally will continue with some consolidation. This is our first variation. Alternate View: The alternate view is similar to the current view. If the initial market experiences a sharp pullback, then the rally is likely to continue. This is our alternate view. Note: Here, the notable point is that if the market sustains the gap down and breaks the 38% Fibonacci level on the downside, it may turn into a ranging market. However, if we look at it from an aerial view, there is a downtrend.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY: INSTITUTIONAL LEVELS FOR 07/11/2024 NSE:BANKNIFTY QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:BANKNIFTY
by tony_fx_sm
BankNifty Intraday Support & Resistance Levels for 07.11.2024On Wednesday, BankNifty opened with a gap-up but traded within a narrow 300-point range, touching a low of 52,185.40 and a high of 52,493.95. It closed at 52,317.40, adding 110 points over the previous close. The Weekly and Daily Trends (50 SMA) remain sideways, signalling potential consolidation. Demand/Support Zones Minor Support (30m): 50,900.10 - 51,230.85 Minor Support (15m): 50,382.10 - 50,485.15 Near Support (Daily): 49,654.65 - 49,959.25 Far Support: 49,282.65 (61.8% FIBO Level) Deep Support (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Resistance (Daily): 52,817.80 - 53,235.25 Key Resistance (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal
Bank nifty trades and targets - 7/11/24Hello Everyone. The market was in a very tight range the today. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. 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 30 points as we are getting very few trending moves.
NSE:BANKNIFTY
by GOPISRI
BANK NIFTY INTRADAY LEVELS FOR 07/11/2024BUY ABOVE - 52400 SL - 52200 TARGETS - 52600,52800,52970 SELL BELOW - 52200 SL - 52400 TARGETS - 52000,51700,51500 NO TRADE ZONE - 52200 to 52400 Previous Day High - 52400 Previous Day Low - 52200 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
BANK NIFTY WEEKLY CHART1.Wave (w) and (x): The chart starts with a corrective wave pattern labeled as (w) and (x). This indicates a complex correction After wave (C), the chart shows a series of five impulse waves indicating a strong bullish trend. Wave (1): The initial upward move. Wave (2): A corrective pullback. Wave (3): Usually the strongest and longest wave. Wave (4): A smaller correction compared to wave (2). Wave (5): The final move upward in this impulse sequence. Sub-Waves: Each impulse wave (particularly waves (3) and (5)) is broken down into smaller sub-waves, labeled with numbers and letters, showing the internal structure. MACD Indicator: Trend Confirmation: The MACD line crossing above the signal line supports the upward trend seen in the impulse waves. When the MACD line is below the signal line, it indicates a correction or reversal in the trend.
NSE:BANKNIFTY
by hitech1050
BankNifty levels - Nov 07, 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
Classical Learning Of RSI - Bank NIFTYBank Nifty Simple yet very very effective !! I am sharing a small piece of 15 mins timeframe chart of bank nifty recent trading session. Only two effective practising tool which is trendline & RSI Divergence. After creating positive divergence, it broke resistance trendline which lead to a 1000 points powerful breakout. Not each & every time 1000 points breakout will come however as a trader if one is completely observant one can identify enter areas with stoploss. Regards, Ankur Singh
NSE:BANKNIFTYLong
by AnkurSingh
#Banknifty directions and levels for November 6th."Structurally, we won’t expect more than a 38% correction, so once the market finds support there, we can expect further continuation of the rally with some consolidation. You can apply this same sentiment even if the market consolidates in today’s range. If that happens, the market may go up further. On the other hand, if it breaks the 38% Fibonacci level on the downside, we can consider that the target for the range market should be 50% and 78% on the downside."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Levels for November 6, 2024 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.
NSE:BANKNIFTY
by RainingMoneywithTech
BankNifty Intraday Support & Resistance Levels for 06.11.2024On Tuesday, BankNifty opened on a weak note, reaching a low of 50,865.45 within the 30-minute demand zone before surging over 1,000 points to a high of 52,289.55. It closed strong at 52,207.25, gaining 992 points from the previous close. The Weekly Trend (50 SMA) remains sideways, as does the Daily Trend. Demand/Support Zones Near Minor Demand/Support (30m): 50,900.10 - 51,230.85 Near Minor Demand/Support (15m): 50,382.10 - 50,485.15 Far Demand/Support (Daily): 49,654.65 - 49,959.25 Extended Support: 49,282.65 (61.8% FIBO Level) Deep Demand/Support (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance (15m): 52,264.05 - 52,349.45 (tested) Far Supply/Resistance (Daily): 52,817.80 - 53,235.25 Extended Supply/Resistance (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal