BankniftyBnaknifty After long consolidation Ready for 50000 Buy 50000 ce Hold for 15 days 29 May cmp 410Longby nitishsh9991
[INTRADAY] #BANKNIFTY PE & CE Levels(29/04/2024) 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 & this rally can extend another 400 points if market gives breakout 49050 level in todays session.Any Major downside only expected in case banknifty starts trading below 48450 level.also possible reversal downside 48950 level. by TradZoo4
Banknifty is at consolidation phase Bank nifty closed at 48200 .Due to Parliment elections ,market is so volatile but not going anywhere. for next two days 48500 and 48000 are crucial levels .only we can expect 400 points rally after breaking 48500 or below 48000. so short strangle is the best option of 48500 call and 48000 put .by Chethan3331
BANKNIFTY Levels for April 29, 2024BANKNIFTY Levels for Today Here are the BANKNIFTY Levels for today. Please note, these levels are only for Intraday. The levels identified above can act as support or resistance, although they are shown as three different supports and resistances. 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. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. Note: This idea is only for learning and educational purpose. Boosts are welcome if this information is helpful to you by RainingMoneywithTech1
Banknifty Intraday Trading ViewsThe chart shared itself is self explanatory. My plan will be as follows : In case 1, I will buy 48300CE when Banknifty touches 48359.55 and shows any confirmation on M1. In case 2, I will buy 48300PE when Banknifty touches 48231.6 and shows any confirmation on M1. In case 3, will buy 48400PE when price touches 48359.55 and shows any confirmation on M1 . Also will buy 48200CE when price touches 48231.6 and shows any confirmation on M1. All the best everyone. If this works as per my plan then will share this analysis daily. by DhananjayaShetty3314
Banknifty forming Head and Sholder pattern Banknifty forming Head and shoulder pattern and neckline is placed at 46743 if it breaks the 46743 then Banknifty becomes bearish Shortby RRAO0
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 28 APR 202429 APR 2024 WORLD MARKETS 1. US markets are consolidating with a negative bias. 2. Europe and Asia is consolidating with a positive bias. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is below 11. GIFT Nifty is indicating a 75 points uptick at 22490. This amounts to 48400 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a positive bias. It has support at 1500. 1516 still remains a strong resistance. 2. ICICI Bank is very bullish. It has come up with very good result. But it has moved up quite a bit. 1100 remain a strong support. 3. Reliance is consolidating with a positive bias. 2880 remains a strong support. ANALYSIS 1. Indices have become very random and volatile. even though the trend is up, but the pull back are so violent that it has become difficult to hold on to intra day trades as stop loss are being hit frequently in spite of low VIX at 11. PLEASE TRADE WITH VERY LESS LOTS. TRADING PLAN 1. NIFTY OPEN BETWEEN 22360 - 22480 : no trade. 2.NIFTY OPEN ABOVE 22480: Wait for a consolidation and break above 22530 levels. 3. NIFTY OPEN BELOW 22360 : Buy any consolidation and break above 22400. Any weakness at 48300 can be sold into. 4. BANK NIFTY OPEN BETWEEN 48050 - 48375: NO TRADE. 5. BANK NIFTY OPEN ABOVE 48375 : Wait for a consolidation and break above 48500. However if the Bank Nifty after consolidation break below 48300, it will be a sell. 6. BANK NIFTY OPEN BELOW 48033: Sell any rally to 48300. However if it consolidate and break below 47930, then it will be a sell. Tgt 47600. 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 sam200519680
banknifty looking bullish.....monthly candle closing important! As per friday price action tell us monday market open will be gap down . if market showing any revarsal between 47560 to 47760 you can plan a trade for buying .... and last hope for buyers level is at 47170 . blow this last buying level 47170 you can see any 30 min candle close . market turn in to selling trend with blood bath..........Longby TheMoneyOcean1
Bank nifty trades and targets - 29/4/24Hello 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 30 points as we are getting very few trending moves.by GOPISRI1
BANKNIFTY FOR 26 APR#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like by MISSION_TRADINGUpdated 3
Pattern Based Trading by 👑TrendTalk👑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 management.Education26:44by TrendTalkUpdated 121
BankNifty weekly analysisWe can see that banknifty was trading in range between 47800 & 48650 in tha last week. Also, it was a mixed week in banknifty with a small up and downs. Resistance level for Banknifty Resistance 1 48650 Resistance 2 49000 Support level for Banknifty Support 1 47800 Support 2 47050 Note: This is only for educational purposes. Please do your own analysis before entry.by Shree_Traders0
Banknifty Analysis for tomorrow 29 Apr 24As we discussed the live market Banknifty analysis, after that, it showed a huge fall. If we look at the chart now: The market is trading at the 200 EMA, which is likely a very good support point. Also, it gave a nice pullback with good volume in the last 15 min. Also, the market is trading at the 0.23 fib level, which is not likely to provide support after such a sharp fall. I expect the market to give the 0.38 fib retracement. ALL IMPORTANT LEVELS HAVE BEEN MARKED ON THE CHART. If we look at the OI data: PCR = 0.82, which has fallen from 0.98, which shows bears are increasing their positions in the market continuously. On the last trading day, there was a huge call writing on upper levels at 48300, 48400, and 48500. on the lower side, 48200 and 48000 are the only PE writing left. If 48000 breaks to the downside, there is not much PE writing on the lower side. If we look at the FII & DII data, FII and Pro are strong, bearish clients while clients are bullish, which shows that the market is going to open a gap-down. The market is at a crucial level right now. There are two cases: Case 1 : If it takes support at 200 EMA, it might come back strong and touch 48600 again. Case 2: If it breaks to the downside, it's going to test the 0.5 fib level at 47800. Reasons: price < EMA(13) shows the market is in a bearish phase. And bears are strong. While the price is taking support at 200, EMA might force the market to take support at this point. RSI < 50 shows strong bears' power. Bulls are weak at this point. (Bearish) PCR = 0.82, which has been falling rapidly from 0.98. shows bears are actively increasing their position size. (Bearish) price < VWAP shows a bearish market structure. (Bearish) Verdict: Mild Bearish Plan of action: Case 1: Sell 48000 PE (Hedge with 15/- PE premium) Case 2: Sell 48100 CE (Hedge with 15/- CE premium)Shortby finnova_21
26 Apr 2024– BankNifty has to take out 48119 to go neutralBankNifty Analysis - Stance Bullish ⬆️ Banknifty falls 293pts ~ 0.61% today, but I have not changed the stance to neutral yet. The charts are not as weak as Nifty50 and there was some restraint on how BN hit the lows today. After opening gap up, BN took a dip and then got its head back by 13.11. HDFC Bank's price action was extremely unusual, making an unusual spike till 09.43 and then falling back to where it all started. In a perfect inverted V shape, how does the highest weighted stock of Nifty50, NiftyBank, and FinNifty move like a meme stock? For Monday, we wish to start with a bullish view but switch to neutral if 48119 levels are getting taken out. Even though we hit that level intraday, the closing was much above that it did not result in a stance change. The BN algos ended the day with a modest gain of Rs570.Longby viswaram1
$BANKNIFTY View for next weekThe NSE:BANKNIFTY remains within its channel range, making directional trading challenging for positional traders. With the nearest resistance at 49000 and support at 47000, a calendar spread within this range seems favorable, especially considering the upcoming election results and the current low VIX levels. In the event of a VIX increase, the calendar spread could yield promising returns.by rashminbhanderi0
Bank Nifty Spot Chart Weekly Technical Analysis 29Apr - 3May 📊 Bank Nifty Spot Technical Chart Analysis 📅 Weekly Levels for 29 April - 3 May, 2024 🎯 Range Trigger Point: 48201 🎯 Weekly Range: 1051 📉 Buy Above: 48278 📉 Average At: 48154 🎯 Buy Target 1: 48851 🎯 Buy Target 2: 49252 🛑 Buyer Stoploss: 47928 📉 Sale Below: 48030 🎯 Sale Target 1: 47551 🎯 Sale Target 2: 47150 🛑 Seller Stoploss: 48380 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
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Banknifty Intraday Analysis for 26th April 2024NSE:BANKNIFTY Highest Call writing of 20.77 Lakh at 48500 strike followed by 18.70 Lakh at 49000 strike. Highest Put writing of 25.35 Lakh at 48000 strike followed by 13.98 Lakh at 47500 strike. As the weak US Q1 Data and gap down opening expected and if bounced then Index may face resistance near 48500 - 48650 level and and go upto 49000 is sustain above 48650 level. Gap down expected and Index may find support near near 47900 - 47750 level.by RKMAURYAUpdated 2
BankNifty levels - Apr 29, 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
Banknifty seems to be comes down till 47965Banknifty seems to be comes down till 47965 if #BankNifty comes DOWN from current Level then - 47965 will be a probable Reversal level After confirmation can Enter to BUYShortby amoljoshi21111
bankniftyif banknifty break 48100 trand bent zone. now coorection mode . i am waiting for 48520 breakout and will go longLongby amitbnl07Updated 4
BNIFTY:Looks Bullish as per the patternBNIFTY: After threating to fall all the major supports,BNIFTY bounced back sharply and managed to give a close above its 25DEMA. Positive DEMA Cross over in 5Min/15 Min charts once again gives a hint on a possible rally n bank nifty.If it mmanages to sustain at 47500 levels the next level of resistances are R1 47800 2.R2: 48000-48100 .R3 48400-500.Between 48000-48400 zone BNIFTY has got an unfinished job of filling a BULLISH Gap.Trade with levels,book profits regularly and learn to trail your stop loss.Longby CSB68Updated 0
bankniftybanknifty my monday plan is ready. only for education purpose. trade your plan and plan your trade. Thanks.by amitbnl07Updated 2