UPDATE ON BANK NIFTY25 APR 2024 1. Bank Nifty is still Bullish. 2. But because of Kotak bank news we gaped down. 3. But 48300 seems to be a strong resistance. 4. HDFC Bank is not supporting the Bank nifty. It is not able to cross 1521 decisively.Longby sam20051968330
Bank nifty technical analysis with oi dataBank nifty range 48000-48500. Bank nifty major residence at 48500 heavy call writing. 48000 support heavy put write. Bank nifty need to break 48200 and sustain above level then bank nifty can go upto 48500 alsoby hitendrakul0
BANKNIFTY Levels for April 25, 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
Bank nifty trades and targets - 25/4/24Hello 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 GOPISRI2
#Banknifty directions and Levels for April 25th.BankNifty slightly varies from Nifty. We have a clear correctional variation: if the market sustains the gap-down, it may go into flat correction, reaching a minimum of 47853 to the 38% Fibonacci level. One more thing, if it finds support around 47853-50, then we can expect a range market, possibly reaching the previous high again. But there's no problem if it's in the 38%, so here also, don't take advance long positions at the 38% Fibonacci level. The alternate variation suggests that if the gap-down doesn't sustain and takes an immediate pullback, then it might undergo further range market. After that consolidation, if it breaks the previous high, then we can expect a rally continuation. However, if the market opens against the sentiment, which means if the market opens neutral or gap-up, then we can expect a rally, potentially breaking the previous high.by Manickamtraders2
[INTRADAY] #BANKNIFTY PE & CE Levels(25/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level & this rally can can extend another 400 points if market gives breakdown 47450 level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level.also possible reversal upside 47550 level. by TradZoo3
WHAT CRASH?? BANKNIFTY SUPER BULLISHGet ready for an explosive move to the upside. Dont get trapped. IGNORE ALL THE OSCILLATORS THIS TIME OR GO BROKE.Longby Sangrams_226
GODZILLA PATTERN IN BANK NIFTY INDEX Godzilla in the Nifty? A Fictional Look at Bank Nifty's Pattern on April 25, 2024 Attention Bloggers and Bank Nifty Enthusiasts! Get ready for a clash of the titans in the Indian stock market! Buckle up, because today's Bank Nifty analysis takes a dramatic turn, weaving a fictional story around the index's movement on April 25, 2024. Introducing Godzilla: Imagine the Bank Nifty as a bustling cityscape, representing the Indian banking sector. Suddenly, a tremor ripples through the market. The colossal Godzilla, a metaphor for a strong bearish trend, emerges from the depths of the charts. Its mighty roar sends shivers down the spines of investors. Godzilla's Onslaught: The opening bell tolls, and Godzilla unleashes its atomic breath – a wave of selling pressure. The Bank Nifty plunges, mirroring Godzilla's relentless march. Bears scramble for cover, dumping their holdings as the index falls like collapsing skyscrapers. The Uprising Defense: But wait! A glimmer of hope emerges. The brave defenders – the bulls – rise to challenge Godzilla. Representing positive economic data or supportive government policies, these bulls charge with unwavering optimism. They buy aggressively, attempting to halt Godzilla's advance. A Volatile Dance: The day unfolds in a dramatic dance between Godzilla and the bulls. The index swings wildly, mirroring the city's struggle against the behemoth. Every bullish attempt to push back is met with Godzilla's atomic roar, sending the Nifty reeling. Will Humanity Prevail? As the closing bell nears, the question hangs heavy – will the bulls be able to repel Godzilla's attack and prevent a complete meltdown? Or will the banking sector succumb to the bear's wrath? A Cliffhanger Ending: This, dear readers, is where our story takes a turn. The final moments of trading are shrouded in mystery. The Nifty teeters on the edge, the outcome uncertain. Will the bulls muster a final surge to push back Godzilla, or will the bears claim victory? The End... or is it? This fictional story is a reminder that the stock market is a battleground where bulls and bears clash constantly. The Bank Nifty's movement on April 25, 2024, remains unwritten, waiting for the real bulls and bears to weave their tale. **Happy Trading!** by Debanjan_Bhowmick335
24 Apr 2024– RBI bank on Kotak credit cards will create ruckus ?BankNifty Analysis - Stance Neutral ➡️ BankNifty also had a neutral day today, but the OTM options premium was so weak that I did not play expiry at all today. I frankly do not remember the last time I missed playing BN expiry day. The regular algos, which has the same logic for banknifty every day ran as usual and that is the only trade I did on BN today. NiftyIT was totally against BankNifty today, the split showing its impact on Nifty50 (in a way helping its neutral case). But looking at the price action, BN was not able to generate any momentum to go for the next levels. Even though the chart says there is further upside momentum left, the fundamentals may not really help BN this week. The news of RBI banning Kotak from issuing new credit cards broke after market hours (source). If the news came during trading hours, the BN would have expired at a different level altogether - but the news would have priced in and things would have settled. Now, we may have some push/pull for the price discovery tomorrow and it could really drive up some volatility. We would still prefer to maintain our neutral stance and go short only if 47465 is getting broken. BN algos made 28600 today and I exited the trades by 13.15.by viswaram1
Bank Nifty Analysis for 25-04-2024BankNifty is still trading within the range of 47900 and 48250 for past two days. It is well know here that 48250 is acting as a major resistance. We can expect a bullish move only if BankNifty sustains above 48250. There is no change in the Support & Resistance levels. If BankNifty sustains above the resistance of 48250 we can expect a upward movement to above resistance levels Below are the resistance levels to watch Resistance 1 48550 Resistance 2 49000 If BNF moves downward and breaks the major support at 47900. We can expect a next support at 47700. Below are the support levels to watch Support 1 47700 Support 2 46600 by Shree_Traders0
Banknifty Intraday Analysis for 24th April 2024NSE:BANKNIFTY Highest Call writing of 40.95 Lakh at 48000 strike followed by 36.69 Lakh at 48500. Highest Put writing of 29.30 Lakh at 48000 strike followed by 28.38 Lakh at 47000 strike and 23.84 Lakh at 47500 strike. Index may face resistance near 48650 level and and go upto 49000 is sustain above 48650 level. Index has support near 47700 level and less likely to fall below 47450 unless new geopolitical tension arises.Longby RKMAURYAUpdated 0
Bank nifty sell on. Rise from 25 april we will see fresh lowOn 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 JaiPrakashShuklaHarmonicTrader0
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 24 APR 202425 APR 2024 WORLD MARKETS 1. US Markets have made a pull back. Asia and Europe has tuned slightly bullish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is below 11 indicating very little volatility. This is the reason we are seeing a very narrow range market. This may continue for few days. Very good to sell straddle or strangle . 2. GIFT Nifty is indicating a flat to negative opening at 35 points. INDEX HEAVY WEIGHTS 1. HDFC Bank today moved in a range of 10 points. This a veery narrow range. It has made an inside candle at the top of previous day candle. 1521 remains a strong resistance and 1500 remains a strong support. 2. ICICI Bank has taken support at 1090. 1100 is the next tgt. 3. Reliance has turned negative. It has resistance at 2917. Next support is at 2860. ANALYSIS 1. Nifty seems to be pulled down by Reliance. Hence we may not see any move above 22500 any time soon. It may consolidate between 22400 -22500. 2. Bank Nifty on the other hand is looking bullish. It has sustained above 48100. Now any trending move can only come above 48300 which may be having lot of shorts accumulated. 3. However any dip can be accumulated. TRADING PLAN 1. NIFTY OPEN BETWEEN 22376 -22427. NO TRADE. 2.NIFTY OPEN ABOVE 22430: Wait for a consolidation and break above 22460 decisively. However can accumulate at lower levels. Any weakness at 22450, exit all long. 3.NIFTY OPEN BELOW 22375: Any rally to 22420 can be sold into. 4. BANK NIFTY OPEN BETWEEN 48250 - 48120: Buy any dip to 48100 stop loss 48050. 5.BANK NIFTY OPEN ABOVE 48250: Wait for a consolidation between 48200-48300: Accumulate at lower levels. Trending move can only be seen above 48300 decisively. 6.BANK NIFTY OPEN BELOW 48120 : Wait for a consolidation and break below 48930 decisively. 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 sam200519683
#Banknifty:25th April#Banknifty:25th April Step1: if GD....enter long at 47911 and exit at 48080. Step2: in case 47911 breached 47775 firm support...for entering long. Step3: If GU then long at 48158 support level on dip. If Exit at 48475.by rudrajit_deb0
BankNifty levels - Apr 25, 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
bank nifty intraday Date 24.04.2024 pole & flag pattern for confirmation can see 3 mins chart Longby AnkurSingh0
Bank Nifty - April 24Price moved within a very narrow range today. And price is unable to sustain above 48000. What will happen next? Pattern : Trend line, Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 48080. Stop Loss : 47980. Targets : 48160, 48240, 48320 and 48460. Sell below : 47860. Stop Loss : 47940. Targets : 47740 ,47660, 47540 and 47460. 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 2222
bank nifty technical analysis with option chain databank nifty at the support level bank nifty support build-up at 48100 and 48000. bank nifty can move up to 48300-48400 bank nifty needs to break the 48200 level and sustain above that. this is for intraday purpose follow the risk-reward also by hitendrakul0
FASP levels for Bank Nifty 24/04/2024The FASP for BankNifty is listed for 24-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.by SathishChandrasekaran0
BANKNIFTY Levels for April 24, 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 RainingMoneywithTech3
[INTRADAY] #BANKNIFTY PE & CE Levels(24/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 level in todays session.Any Major downside only expected in case banknifty starts trading below 47950 level.by TradZoo4
Can we Long in BankNifty!!we delve into the dynamic world of the index, providing valuable analysis and commentary on significant levels that traders need to keep an eye on. From crucial support and resistance zones to potential breakout points, we aim to equip you with the insights you need to navigate the Bank Nifty with confidence. Stay tuned for regular updates, technical analysis, and market commentary to help you stay ahead of the curve in your trading journey. Whether you're a seasoned investor or just dipping your toes into the market, our publication strives to provide actionable insights to enhance your trading decisions. Join us as we uncover the nuances of the Nifty index and uncover opportunities in this ever-evolving market landscape. Don't miss out on the latest analysis – hit that follow button and embark on your journey to trading success with "BankNifty Insights"! 🚀 by JogeshProTrader1
BANK NIFTY GANN ANALYSIS WEEKLY EXPIRY 24 APRIL 2024...Index got the double bottom on Friday near the cluster zone of 46572 and 46634... actual low was 46579.05. If you know the start you can fortell the end.... W. D. Gann.... Intraday Levels to watch are 48107 on upside and 47861 on downside... Breakouts or Fakeouts to be traded with caution as per expiry norms. Short covering is happening in the series with low volatility so premiums appreciation is question mark area. But thats the fun in trading accepting the challenges everyday in and out. A traders duty is to trade whatever his tells him with usual sl and targets. If he fails to do it... he has yet to evolve in the trading field. Practice it ... Perfect it. to get Picture perfect Results... Happy Trading !!! N.B. Not a finanancial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the programme for this opportunity to use it freely to express our ideas to the community of traders. by kbr91219651