Hello 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.
SORRY EVERY ONE HOME COMMITMENT MEDICAL EMERGENCY. 03 May 2024 WORLD MARKETS 1. US markets is looking bearish with all the indices looking bearish. 2. Asia and Europe is mixed . INDIA VIX AND GIFT NIFTY 1. India VIX is at 13.4 . It has resistance at 14. Any drop in VIX may result in more upside and less premium volatility. It will support option seller. INDEX...
NSE:BANKNIFTY Maximum Call writing of 16.22 Lakh is at 49500 strike followed by 13.88 Lakh at 50000 Strike and and Put writing of 12.02 Lakh at 49500 Strike followed by 11.58 Lakh at 49000 Strike. Index is closed near 49400. US FOMC outcome will be declared on 1st May which is Holiday here and reaction will be seen on 2nd May on India Market. If US FOMC...
From the last 3 days #Banknifty Stuck in a 400 Points Range , 46000 Act as resistance and 45600 as support/Trade your plan not your emotions.
#banknifty:3rd May Step1: S1- Base 49230. Hold c/f longs + Fresh position. Step2: S2 - 49032 swing low....Add further longs. Step3: R-1 Exit 49616.
BANKNIFTY Intraday Trade Setup For 3 May 2024 bullish- Above 49550 Invalid-Below 49440 T- 50075 50685 Bearish-Below 49100 Invalid-Above 49210 T- 48550 48050 BANKNIFTY has closed with a slight cut of 0.34% today. It did not give the pullback move expected as our main criteria was that Tuesday's low should have been safe as discussed on Tuesday EOD. As index...
Price moved in a very narrow range in morning session. Gave break out in afternoon session, hit resistance and fall down nicely. Now price is at support. Pattern : Support. Range : Medium. Trend strength : Normal. Buy Above : 49320. Stop Loss : 49240. Targets : 49400, 49480, 49580 and 49680. Sell below : 49120. Stop Loss : 49200. Targets : 49040 ,48960, 48880 and...
Utilizing 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...
🔴 Resistance - 49506 🔴 🚀 Target - 49690 - 49831 🚀 🟢 Support - 49395 🟢 🚀 Target - 49107 - 48912 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR...
date 02.05.2024 bank nifty intraday 15 mins chart trade once level exit either side on mentioned pattern
BNF is touching it's life time high along with hitting long time resistance line ( have not broken for over a year). It's quite likely BNF To go down from these levels to : 48250 ( Very HIGH probability) 47500 (High probability) 46500 ( Medium probability ) 45000 ( Low probability ) I will plan for all of these with extensive short positions. Chart regions...
In my opinion, I am looking to buy , which is a strong DEMAND ZONE and BANKNIFITY create all time high and break the previous structure. It is not advisable to enter without confirmation from a lower TF.
weekly plan upside or down side direction will decide market. i am with market. wait for breaks and i will enter the trade pattern breakouts but i am intrested in short after breakout according to market behaviour. trade your plan and plan your trade. Thanks everyone
It's up trend 📈 but it should touch lower low to go high.
Good morning, friends! Here are the directions for May 2nd: The global market is still maintaining a moderately bearish trend, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +30. Nifty and BankNifty...
BANKNIFTY 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...
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49550 level then possible upside rally of 400-500 points upto 49950 level & this rally can extend another 400 points if market gives breakout 50050 level in todays session. Any Major downside only expected in case banknifty starts trading below 49450 level.also possible reversal...
Hello 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...