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BANKNIFTY trade ideas

Banknifty Intraday Analysis for 2nd December 2024NSE:BANKNIFTY Index closed near 52055 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 53000 Strike – 13.06 Lakh 52500 Strike – 9.34 Lakh 52000 Strike – 7.87 Lakh Put Writing 52000 Strike – 11.14 Lakh 51000 Strike – 9.16 Lakh 52500 Strike – 7.89 Lakh Expected to gap down opening due to fresh threat from Trump to BRICS nations and below the expected Q2 in FY 2024-25 number. However, it may recover due to expected good GST Collection data for the November 2024 month. Index has immediate support near 51750 - 51700 range and if this support is broken then index may tank near 51250 - 51100 range. Index has resistance near 52650 – 52750 range and if index crosses and sustains above this level then may reach near 53350 – 53500 range.
NSE:BANKNIFTY
by RKMAURYA
BankNifty levels - Dec 03, 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
Advanced PCR (Put call Ratio) The Put Call Ratio (PCR) is a tool in the stock market to understand how investors feel about a stock or the market's future. It compares the number of put options to call options traded. More puts traded mean investors expect prices to fall (bearish). More calls traded mean investors expect prices to rise (bullish). High PCR (> 1) - This indicates more put options are being traded than call options, suggesting a bearish sentiment, and traders expect the market to go down. Low PCR (< 1) - This indicates more call options are being traded than put options, suggesting a bullish sentiment, and traders expect the market to go up.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
Technical Trading The technical trades programs offer more than just technical skills, students are exposed to the necessary business and technology programs used in today's current job market. Students gain the essential knowledge to operate, oversee and assist with operations. There is virtually no limit to the profit potential of technical analysis. Profitability within the discipline largely depends on the trader's expertise, adherence to tried and tested strategies, and the amount of risk undertaken and capital employed by the trader.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
#Banknifty directions and levels for December 2nd.Bank Nifty Current View: The current view indicates that until we break the previous low, we cannot expect a correction. If it breaks, we can expect a minimum of 51656 to 51461. On the other hand, if it doesn’t break the previous low, consolidation will likely continue. Alternate View: The alternate view suggests that if the market sustains the gap-up and breaks the 38% Fibonacci level, it could reach the 50% Fibonacci level on the upside. This is a major resistance; if it breaks this level, the rally will continue to a minimum of the 61% Fibonacci level at 52551. Conversely, if it is rejected, it could turn into a range-bound market or a continuation of the correction.
NSE:BANKNIFTY
by Manickamtraders
2
BANKNIFTY Levels for December 2, 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: INSTITUTIONAL LEVELS FOR 02/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
BANK NIFTY INTRADAY LEVELS FOR 02/12/2024BUY ABOVE - 52060 SL - 51800 TARGETS - 52270,52450,52600 SELL BELOW - 51800 SL - 52060 TARGETS - 51500,51300,51000 NO TRADE ZONE - 51800 to 52060 Previous Day High - 52270 Previous Day Low - 51800 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
1
BankNifty Intraday Support & Resistance Levels for 02.12.2024On Friday, BankNifty opened on a positive note, making a high of 52170.90 and a low of 51759.45, closing strong at 52055.60, up 148 points from the previous close. The Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating a lack of clear directional momentum. For the past five days, BankNifty has held support at 51750. A break below this level could trigger selling pressure, potentially driving it to 51270 or lower. Demand/Support Zones Near Demand/Support Zone (30m): 51040.05 - 51271.50 Far Small Demand/Support Zone (15m): 50609.75 - 50824.55 Far Support: 49282.65 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 44633.85 - 45750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 52675.65 - 52760.20 Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 Key Levels to Watch Upside Breakout: Above 53235, expect a test of 53741 or higher. Downside Support: A break below 51750 could lead to 51270 or lower.
NSE:BANKNIFTY
by PriteshPalan
Banknifty - Intraday levels & Prediction for - 2 Dec 2024Banknifty Prediction for Tomorrow: Trend : Sideways to Mod. BEARISH Sentiment : Negative Expectation : BEARISH Trend Continuation upto 51000 and below Monthly Target Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels.
NSE:BANKNIFTYShort
by ViVenTraders
Data Option Trading with Professionals Options chain can be defined as the listing of all option contracts. It comes with two different sections: call and put. A call option means a contract that gives you the right but does not give you the obligation to buy an underlying asset at a particular price and within the option's expiration date. While not foolproof, option chains offer insights into market sentiment through implied volatility and open interest. High implied volatility suggests expected price swings, while option volumes can indicate potential support or resistance levels.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
Will Nifty Test 24350 or Pull Back Once More?Nifty has created inverted Head and Shoulder Pattern on 2 hours chart. Breakout is still pending, breakout is above 24350 level, target for the same is 25400 level another 1300 points journey. Nifty this weeks Support : 24080 - 23950 - 23800 Resistance : 24350 - 24550 Bank Nifty is creating a flag pattern and also has a big gap between 51200-51700 level. It can move either side. Flag breakout is above 52600 for a target of 55500. Bank Nifty Support : 51700-51400-51200 Resistance : 52150-52350-52600.
NSE:BANKNIFTYLong
by Nimble_Pesos
BankNifty Advance Trading Analysis (5-Minute Timeframe):BankNifty Trading Analysis (5-Minute Timeframe): 1. Orange Level (52,005.70): This level is a critical point for observing price action. Scenario 1: If price sustains above this level, it can act as a support, indicating a buying opportunity. Scenario 2: If price breaks below this level, it may act as a resistance, suggesting selling opportunities. 2. Red Levels (52,296.85 and 52,171.15): These are selling levels (resistance zones). At these levels, only selling trades should be considered. 3. Green Levels (51,864.95 and 51,759.55): These are buying levels (support zones). At these levels, only buying trades should be executed. Trading Tip: Always wait for a breakout confirmation and monitor price action closely near the levels. Follow proper risk management and use stop-loss to protect capital.
NSE:BANKNIFTY
by XTrap_000
Banknifty level of dec month read description for tradesDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2 %) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6 %) Target 5- ( T5 : 100 %) Target 6- (T6 : 123.6 %) Target 7- (T7 : 138.2 %) Target 8-  (T8 : 150 %) Target 9-  (T9 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:BANKNIFTY
by JaiPrakashShuklaHarmonicTrader