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
Bank Nifty has corrected by 1700 points from recent record highsBank Nifty Index has expiry session on wednesday The index faced pressure from profit booking in PSU Banks Downside imp support is placed at 48000 & then near 47800 zone Track for bearish pattern at imp resistane zone *For Educational Purpose Editors' picksby Himanu_HATradeTalk122194
Banknifty Intraday Analysis for 7th May 2024NSE:BANKNIFTY Highest Call writing of 39.65 Lakh at 49500 strike followed by 34.50 Lakh at 50000 strike and 28.06 Lakh at 49000 strike. Highest Put writing of 25.58 Lakh at 48500 strike followed by 22.96 Lakh at 49000 strike and 18.98 Lakh at 48000 strike. Index closed near 48900 level. Index may reach near 49500 level if crosses and sustain above 49250 level and if 49600 level is broken then index may reach near 50000 level. Index has support near 48625 - 48500 level and if this support is broken then index may reach near 48250 level. by RKMAURYAUpdated 0
07 May 2024 - BankNifty stance changed to Bearish, more cuts ???BankNifty Analysis - Stance Bearish⬇️ BankNifty also fell in a single legged manner right from the open till 11.35. The fall totally unchecked by the Bulls and in a way came as a surprise as the BTFD people usually do not let the markets fall in this fast and furious manner. BN showed more weakness than N50, partly because NiftyIT was in great GREEN shape today. At a specific point, BN was down 1% and NiftyIT was up 0.9% - a stark contrast. BN ended up breaking the 48661 levels we discussed yesterday and hence we changed the stance from neutral to bearish. The next level to watch out for is 48115 and then the critical support comes at 47465. Since global markets are staying green, the FII selling in our markets could be related to political uncertainty due to the ongoing elections. BN algos ended the day with gains of 12741 INR. The bulk of the gains started coming in only after 11.39.Shortby viswaram2
PRE MARKET ANALYSIS OF NIFTY ANDS BANK NIFTY FOR 08 MAY 202408 May 2024 WORLD MARKETS 1. All the world markets are looking very bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 15 @17. This indicates high volatility and high option premium. INDEX HEAVY WEIGHTS. 1. HDFC Bank is bearish. It has resistance at 1511. It has support at 1490. 2.ICICI Bank has resistance at 1140 and it has support at 1120 and 1100. 3. Reliance is on a free fall. The next support is at 2750. TRADING PLAN 1. NIFTY OPEN BETWEEN 22230 - 22375 : Sell Any rally to 22400 and fall below 22340. 2. NIFTY OPEN ABOVE 22375 : Any consolidation and break below 22350 is a sell. Any rally to 22500 is also a sell. 3. NIFTY OPEN BELOW 22230 : Sell any rally to 22300. 4. BANK NIFTY OPEN BETWEEN 48500 - 48060 : Sell any rally to 48600 and break below 48500 decisively. 5.BANK NIFTY OPEN ABOVE 48520. Wait for a consolidation and break above 48700. Any weakness and break below 48500 is a sell. 6.BANK NIFTY OPEN BELOW 48060 : Sell any rally to 48300 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. Shortby sam20051968113
Bank nifty Expiry trades and targets - 8/5/24Hello Everyone. The market was in a bearish mode previous day. 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 50 points as we are getting very few trending moves.by GOPISRI4
BankNifty Trading: Reacting to India VIX VolatilityAs the India VIX, a measure of market volatility and investor sentiment, experiences fluctuations, traders often anticipate corresponding movements in the BankNifty index. Given the inverse relationship between market volatility and stock prices, heightened volatility tends to coincide with potential corrections or downturns in the market. In this scenario, traders may seek short positions on BankNifty to capitalize on potential downward movements. However, it's crucial to exercise caution and conduct thorough analysis before initiating any trades. Consulting with a financial advisor or a seasoned trader can provide valuable insights and mitigate risks associated with speculative trading strategies. While trading BankNifty based on India VIX movements can present lucrative opportunities, it's important to approach the market with caution and employ proper risk management techniques. Markets can be unpredictable, and unexpected events can quickly change the trajectory of trades. Therefore, conducting thorough research, staying informed about market developments, and seeking professional guidance are integral to successful trading endeavors. Remember, trading involves inherent risks, and past performance is not indicative of future results. Always trade responsibly and within your means, and consult with a qualified financial advisor before making any trading decisions.Shortby Sanil19120
Banknifty Trend analysis with Important LevelsNSE:BANKNIFTY An ascending channel is a technical analysis pattern used in financial markets to describe the price movement of a security or index, like the BANKNifty. It's formed by drawing two parallel trendlines that connect the higher highs and higher lows of the price action. This pattern indicates a bullish trend, with the price making higher highs and higher lows over time within the channel boundaries. Traders often look for opportunities to buy near the lower trendline and sell near the upper trendline of the ascending channel. Important Levels of Banknifty 49974 48285 47737 46579 45828 Levels in trading, often referred to as support and resistance levels, are crucial because they provide traders with key points of reference for making decisions. Support levels represent price levels where a security has historically had difficulty falling below, indicating a potential buying opportunity. Resistance levels, on the other hand, are price levels where a security has historically struggled to rise above, suggesting a potential selling opportunity. Understanding these levels allows traders to: Identify Entry and Exit Points: Traders can use support and resistance levels to determine optimal entry and exit points for their trades. Buying near support and selling near resistance can help maximize profits and minimize losses. Manage Risk: Support and resistance levels can also serve as guides for setting stop-loss orders. Placing stop-loss orders just below support levels when buying or just above resistance levels when selling helps manage risk by limiting potential losses if the market moves against the trader. Confirm Trend Reversals: Breakouts above resistance or below support levels can indicate potential trend reversals. Traders often look for confirmation through increased volume or other technical indicators before acting on these breakouts. Plan Trading Strategies: Traders can develop trading strategies based on support and resistance levels. For example, range-bound trading strategies involve buying near support and selling near resistance in sideways markets, while breakout strategies involve trading breakouts above resistance or below support in trending markets. Market Psychology: Support and resistance levels are influenced by market psychology. Support levels represent areas where buyers are likely to step in and support the price, while resistance levels represent areas where sellers are likely to emerge. Understanding market psychology can help traders anticipate price movements and make informed trading decisions.by FALGUN_ARMY1
Banknifty Trend with Important levelsNSE:BANKNIFTY An ascending channel is a technical analysis pattern used in financial markets to describe the price movement of a security or index, like the BANKNifty. It's formed by drawing two parallel trendlines that connect the higher highs and higher lows of the price action. This pattern indicates a bullish trend, with the price making higher highs and higher lows over time within the channel boundaries. Traders often look for opportunities to buy near the lower trendline and sell near the upper trendline of the ascending channel. Important Levels of Banknifty 49974 48285 47737 46579 45828 Levels in trading, often referred to as support and resistance levels, are crucial because they provide traders with key points of reference for making decisions. Support levels represent price levels where a security has historically had difficulty falling below, indicating a potential buying opportunity. Resistance levels, on the other hand, are price levels where a security has historically struggled to rise above, suggesting a potential selling opportunity. Understanding these levels allows traders to: Identify Entry and Exit Points: Traders can use support and resistance levels to determine optimal entry and exit points for their trades. Buying near support and selling near resistance can help maximize profits and minimize losses. Manage Risk: Support and resistance levels can also serve as guides for setting stop-loss orders. Placing stop-loss orders just below support levels when buying or just above resistance levels when selling helps manage risk by limiting potential losses if the market moves against the trader. Confirm Trend Reversals: Breakouts above resistance or below support levels can indicate potential trend reversals. Traders often look for confirmation through increased volume or other technical indicators before acting on these breakouts. Plan Trading Strategies: Traders can develop trading strategies based on support and resistance levels. For example, range-bound trading strategies involve buying near support and selling near resistance in sideways markets, while breakout strategies involve trading breakouts above resistance or below support in trending markets. Market Psychology: Support and resistance levels are influenced by market psychology. Support levels represent areas where buyers are likely to step in and support the price, while resistance levels represent areas where sellers are likely to emerge. Understanding market psychology can help traders anticipate price movements and make informed trading decisions.by FALGUN_ARMY0
BANK NIFTY General Elections 4th June Target 51K?BANK NIFTY is trading in a 2000 point channel for last few weeks. Looks like it will end up at either of the extremes of the channel on General Electons result day! My money is on 51K+ Let me know what you think in the comments section below. Longby jbmaan4
#Banknifty:8th May#Banknifty:8th May Step1: 48161-47970 -S1 zone. Try long.Only intraday aggressive traders. Step2: if 49508-R1 reached exit long, enter short. Step3: 47745-47575 - S2 zone. Exit short...and confirmed for fresh long.by rudrajit_deb0
Bank nifty : As we can see Downward movementum.There is good downward movement in bank nifty as we predicated ,we could see downward move again tomorrow for the target price .Shortby Traders-community1
Banknifty Levels and Zone for Long Term / 4 Hour 👑TrendTalk👑Banknifty Levels and Zone for Long Term / 4 Hour Timeframe Technical analysis is a trading discipline that seeks to identify trading opportunities by analyzing statistical data gathered from trading activity. ;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;; 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 managementLongby TrendTalk50
BANKNIFTY Intraday Trade Setup For 8 May 2024BANKNIFTY Intraday Trade Setup For 8 May 2024 Sell_1- From 48750 Invalid-Above 48860 T- 48445 Sell_2- Below 48200 Invalid-Above 48310 T- 47630 47200 BANKNIFTY has closed on a bearish note with 1.25% cut today. Sell triggered as per trade setup below 48650 and almost hit 1st target 48200. BANKNIFTY seems to be falling in a parallel channel. Breakout will bring bulls back. Breakout of this channel and then above previous hourly/15 Min high will be confirmation breakout. Tomorrow if index opens flat then bets trade will be in sell side below 48200. There is a chance of gap up so 48750 will be a confluence level. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 48200 then we will short for the target of 47630 and 47200. 2nd short can be considered from 48750. To 48445. 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 Omahto9
BankNifty levels - May 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 at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!by sacxe2
BANKNIFTY Trg 49550 & higherBN hold long above 48950 Trg 49550. Expecting BN to move up further 600 points from high of Trww. Look for updates. Price has taken support at the plotted Angle . Can expect some retracement / volatility around 49550. Probable trend change time mentioned on chart . Longby lalitsethUpdated 2
Banknifty sell given on 2nd may at 49450 , tgt 48300 hit , 1200 On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
BankNifty Is Still Bullish Soon We Will See 50200 Level📊 Bank Nifty ✅ Reversal from upper Trend, currently entered in support zone (1hr time frame) ✅ Rsi also heading towards lower trend support, we can see reversal soon but before reversal it will try to trap newbie & impatient traders ✅ I am expecting 50200 level soonLongby Marketik1
BankNifty Support&Resistance Levels for 7th May TuesdayOverall Trend: The market is trading within a range, with resistance around 49200 and support around 48800. This indicates a sideways or range-bound movement. Intraday Analysis: Today's most of the trading in second half saw the price getting stuck between 49000 (upper range) and 48800 (lower range). Tomorrow, traders should watch for potential breakouts or rejections at these extremes. Key Levels: Resistance: 49000 and 49250 Support: 48800 and 48600 Trading Strategy: Long Trade Setup: Entry: Look for sustained price action above 49000. If the price breaks above 49000 and continues to show strength, consider entering long positions. Target: Target the resistance levels at 49150 to 49250 for profit booking. Stop Loss: Place a stop-loss order below the intraday support or immediate swing low level, around 48930 to 48900, to limit potential losses if the price reverses. Short Trade Setup: Entry: If there's a rejection or weakness observed near the resistance area (49200 to 49250), consider entering short positions. Target: Target the intraday support levels at 49000 to 48800 for profit booking. Stop Loss: Place a stop-loss order above the resistance area (49200 to 49250) to manage risk in case of a sudden upward movement. Alternate Short Entry Setup: If price opens flat at 49000 area and rejects any weakness observed there consider entering short position target 48800 if this 48800 voilates target 48600 area. By following this trading strategy, traders can effectively capitalize on potential breakouts or rejections within the identified range while managing risk through appropriate stop-loss placement.by rakeshreddymUpdated 1
Banknifty view for the week 6 May 2024 to 10 May 2024Banknifty view for the week 6 May 2024 to 10 May 2024. - Support and resistance levels - consolidation zones.by shyamnarayanUpdated 0