BN TRG 50528 & HIGHERBN Trgs on chart. Trade as per levels. Bias up as long as sustains abv 49935. Also note trend change date 12th June. Mark h/l of this date for further direction. Look for updates. Longby lalitsethUpdated 2
Banknifty buy on dip levels mentioned on chart Disclaimer - 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 :- 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 prediction for today 7 Jun 24As we discussed yesterday, Banknifty traded in a sideways-bullish zone. If we look at the chart now: The market has taken support from 200 EMA. The market is trading above EMA, which shows that the market is really bullish right now. There is also a bullish EMA(13, 50) crossover, which indicates that the market is in a bullish phase now. also, we got a golden crossover, which shows the market's strong bullish structure. Support levels: 48937, 48639, and 47547 resistance levels: 49600, 50503, and 50919 If we look at the OI data: PCR = 0.62, which has decreased from 0.82, shows a mild bearish sign in the market. There is no such max-pain that means the market can easily achieve 49500, which shows a significant CE writing on higher levels. Next, good CE writing is at 50000, which is also at the psychological level. On the other hand, the lower side, at 48500 and 49000, has good PE writing. VIX has also decreased significantly, which indicates volatility is being controlled. I am expecting the market: Case 1: Sideways in range of 48937 - 49600. Case 2: Bullish if it breaks 49600 to the upside. Reason: RSI > 60 shows a bullish structure. Price > EMA(13, 50, 200), which indicates a Bullishmarket structure. EMA Golden crossover of EMA(50, 200). PCR = 0.62 has decreased from 0.82, which is a sign of worry that might lead to a sideways if 200 EMA holds good support. Price > VWAP shows a Bullish market structure. Verdict: Sideways in range of 48937 - 49600. bullish if it breaks 49600 to the upside. Plan of action: Case 1 : Sideways: Sell 48900 PE & 49500 CE (Hedge it with 20/- premium options) Case 2 : Exit 49500 CE if it breaks to the upside.by finnova_12
What is Mutual Funds and SIP #Investing #Option #TradingviewTopic - What is Mutual Funds and SIP What is mutual fund in simple words? Mutual funds let you pool your money with other investors to "mutually" buy stocks, bonds, and other investments. They're run by professional money managers who decide which securities to buy (stocks, bonds, etc.) and when to sell them. You get exposure to all the investments in the fund and any income they generate. Why should you Invest in Mutual Funds? A few key benefits of investing in mutual funds are: Diversification: Mutual funds offer diversification, which reduces risk by spreading your money across different assets. This helps to reduce the risk associated with investing in individual securities, as losses in some investments may be offset by gains in others. Professional management: Mutual funds are managed by well-qualified and experienced fund managers. These managers make investment decisions on behalf of investors, and they are assisted by a team of experts who analyze securities, monitor the market, and adjust the fund's holdings as needed. Liquidity: Mutual funds are also liquid, which means that investors can buy or sell their units on any business day. The redeemed amount will be credited to their bank accounts within 1-4 working days, depending on the type of scheme. Accessibility and affordability: Mutual funds are accessible to investors at a low cost. Investors can start investing with relatively small amounts of money, making them suitable for both novice investors and those with limited capital. Mutual funds achieve cost efficiencies by pooling money from multiple investors, which leads to lower investment costs compared to investing in individual securities. Flexibility: Mutual funds offer a range of options to investors, such as debt, equity, hybrid funds, and more. Each type has its own unique characteristics and potential benefits. Investors can select funds that match their financial objectives, level of risk comfort, and investment timeline. Tax benefits: Investors can get tax advantages by parking money in certain types of mutual funds, such as Equity Linked Saving Schemes (ELSS). Regulatory oversight: In India, mutual funds are regulated by the Securities and Exchange Board of India (SEBI). SEBI has laid down stringent rules and regulations to protect investors' interests and ensure transparency, including requirements for reporting, disclosure, and risk management. The traditional form of SIP investing, investors do not have the option to increase their periodic contributions during the investment tenure. If one wants to invest more money than they were originally able to they must open a new SIP. This is where Step-up SIP proves to be highly resourceful as it allows you to translate their increased earnings into their already ongoing SIPs instead of starting a new account. You can invest in Step-UP SIP using below steps Select the mutual fund and click on SIP. Click on the check box for Automatic step-up (optional) . Click on Increment percentage to select the percentage by which the SIP should increase. Select the date under Choose date. Thanks For Watching 😀🙏Education10:47by TrendTalk95
#Banknifty directions and levels for June 6th.Good morning, friends! 🌺🍬 Here are the directions for June 6th: The global market has a moderately bullish sentiment based on the Dow Jones, while our local market also shows a moderately bullish trend. Today, the market may open with a gap-up, as indicated by GiftNifty, which shows an increase of 180 points. Nifty and Bank Nifty both have had a solid pullback. Still, the market is moving based on events, so technical participation is less. However, let's look at the wave structure. According to the wave structure, the market is moving in a five-three-five pattern, which means a zig-zag pattern. Currently, the first five waves are completed, and we are progressing through the three-wave pullback. Its maximum pullback level is the Fibonacci level of 78%. If the market rejects around the immediate resistance or the Fibonacci level of 78%, we can expect a trend reversal (bearish trend). The important thing is we should take reversal confirmation by using the EMA20 or the Fibonacci level of 38% breakout in the minor swing. If these conditions are met, then we can assume the trend has turned into a correction phase. This is our wave structure. Now we can look at the basic price action structure. Despite the market's recent drastic fall, the pullback follows the same structure. Whenever the market takes a sharp movement, it could retrace only 23 to 38%. So today, we expect that if the market rejects either one of the resistances, we can expect a 23 to 38% correction. Note: The market does not necessarily take a correction. If it rejects sharply, then we can expect this. Otherwise, if it consolidates or breaks around the resistance, then the rally will likely continueby Manickamtraders7
Banknifty Important Levels #Trading #stocksTomorrow's movement Prediction of Nifty Bank NIFTY_BANK appears to be in uptrend. But this trend seems to be weakening. Price is below an important level of 48664.2 on charts, and if price remains below this level, then stock might show a fall in short term. Tomorrow's movement Prediction of Nifty Bank NIFTY_BANK made a major fall in previous days. This happens when sentiment changes towards negative. This fall might deepen in coming days. Tomorrow's movement Prediction of Nifty Bank NIFTY_BANK appears strongly Bearish. This stock started falling as soon as it opened and never recovered during the session. Generally this happens when there is a negative sentiment following the stock, making it unattractive. There's a good chance that this downfall will continue tomorrow as well. However, if it manages to close higher than where it opened today, then there might be a chance of reversal. Tomorrow's movement Prediction of Nifty Bank NIFTY_BANK is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 47961.15 Stock price target for Nifty Bank NIFTY_BANK are 44208.63 on downside and 48797.83 on upside. Stock price target for Nifty Bank NIFTY_BANK are 44208.63 on downside and 48797.83 on upside. Tomorrow Target 1 43301.97 Tomorrow Target 2 45115.28 Tomorrow Target 3 47891.166666667 Tomorrow Target 4 49704.48 Tomorrow Target 5 52480.37 Daily price and charts and targets Nifty Bankby TrendTalk63
Bank Nifty - June 5We had a volatile day as the votes were getting counted. Leading, lagging parties seats were remaining stable from the morning, but our market movement was highly volatile. Expecting some volatile movement till the government formation. Now, let us continue with the analysis. Also please note, option premium was high and tomorrow there will be more decay. Pattern : Triangle. Range : High. Trend strength : Volatile. Buy Above : 47040. Stop Loss : 46920. Targets : 47160, 47280, 47460, 47680 and 47840. Sell below : 46760. Stop Loss : 46880. Targets : 46640 ,46500, 46340, 46200 and 46020. 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 15
#BankniftyGood morning, friends. I'm sorry for saying this, but I don't have much experience with trading during election times. I'm just trying to share a sentiment, so please don't misunderstand me. I read some expert sentiments suggesting that until the newly elected party fully takes on its role, the market may undergo a correction because the party won with a minority. I think so too. If you have any other sentiments, please share them with me so we can discuss them.by Manickamtraders227
#BankniftyGood morning, friends! 🌺🍬 Today is a big day for the market, so I am sharing my Fibonacci levels. I have provided two pictures: one shows the extension levels for the upside. If the market takes a bullish bias, these levels might be useful. On the other hand, if the market takes a bearish bias, use the Fibonacci retracement tool for your downside targets. Usually, we use the Fibonacci minor swings, so you can follow that for better results. The swing should only be changed if it breaks the 78% Fibonacci level in that minor swing. If this happens, you should step down to your swing low, which I have indicated using the oval tool. Have a nice day!🤝by Manickamtraders117
BANKNIFTY SHORTExpecting BankNIfty might REach 45000 My algorithm shows signs of fall Be Careful Shortby futures572options1
BANKNIFTY Levels for June 10, 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.by RainingMoneywithTech1
[INTRADAY] #BANKNIFTY PE & CE Levels(07/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49050 level then possible upside rally of 400-500 points upto 49450 level & this rally can extend another 400 points if market gives breakout 49550 level in todays session. Any Major downside only expected in case banknifty starts trading below 48950 level. also possible reversal downside 49450 level.by TradZoo5
07 June 2024 - BankNifty not as bullish as Nifty, who will be FMWho will be the next finance minister would be something that Banks and Financial services sector would be keenly watching. For a stronger banking sector, we might need a tougher PM - someone who can make rational decisions. Will people who did not contest Lok Sabha elections be given a financial ministry berth? I hope not, personally I think FM is more important to stock markets than PM and Banks are the heartbeat. A stronger bank and a powerful central banking system will propel India to a powerful economy in a shorter time span. On the other hand, a weaker bank and ratifying middle class (of course with the non-considerate tax policies) will slow us down. Technically the stance is still bullish on BankNifty, but we are yet to reclaim the tops.Longby viswaram1
Is the Volatility over in Nifty and is it ready for 24000 ??Nifty was moving in a parallel channel for almost 6 months, last week it tested the bottom channel as well it tested and broke out on the upper level channel on a daily chart. In 30 mins chart Nifty has created a 1200 points Flag pattern and has also given a strong break out as well!! Accorinding to the flag pattern Nifty can hit 24K level soon !Long04:57by Nimble_Pesos1
13-17 may banknifty jackpot setupmarket is totally run downward channel.it will come positive if sustain above 47800 level. this one is jackpot setup ,if active than definitely will hit tgt . 47800 above banknifty call side tgt-48000/49000 47460 below banknifty put side tgt-472600/46618. guys we have mentioned level . 47800-47460 is totally drag side ways so #Retailers /#new traders plz avoid between range by sharemarketgainUpdated 3
Bank Nifty analysis for monday : 9th June'24Bank nifty in tight range resistance at 49900 Support 49600by Price_actiontaker142
BANKNIFTY FOR 10 JUN#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_TRADING5
Bank Nifty 07-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDH Sell - with rejection of PDL Major Support - Around 480## Major Resistance - Around 505## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to fallow... 1) Wait for conformation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purpose and a helping hand to learn trading in live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at respective zone how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends. by SriTrader51213
Bank Nifty 10-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of s/1 and s/2 Sell - with rejection of R/1 and R/2 Major Support - Around 493## Major Resistance - Around 505## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to fallow... 1) Wait for conformation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purpose and a helping hand to learn trading in live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at respective zone how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends. by SriTrader51212
Bankknifty prediction for tomorrow 6 Jun 24Banknifty gave a really big bullish moment today. It's still an effect, and the market boomed 2000 points. If we look at the chart now: The market gave really big momentum to the upside. The market is trading above EMA, which shows that the market is really bullish right now. There is also a bullish EMA(13, 50) crossover, which indicates that the market is in a bullish phase now. Support levels: 48639, 47475, and 46504 resistance levels: 49528, 50161, 50938 If we look at the OI data: PCR = 0.86, which has increased from 0.47, shows a huge bullish sign in the market. 49000 is the max-pain. Lower levels have better PE writing than higher levels. The market is making a completely bullish structure. VIX has also decreased significantly, which indicates volatility is being controlled. I am expecting the market: Case 1: Sideways in range of 48639-49528. Case 2: On either side, it breaks to either side's trade accordingly. Reason: RSI > 60 shows a bullish structure. Price > EMA(13, 50, 200), which indicates a Bullishmarket structure. PCR = 0.86 has risen from 0.47 and shows great signs of bullishness. Price > VWAP shows a Bullish market structure. Verdict: Sideways in range of 48639-49528. and Volatile on either side, it breaks. Plan of action: Case 1 : Sideways: Sell 48650 PE & 49500 CE (Hedge it with 20/- premium options) Case 2 : Exit the opposite position on either side. It breaks.by finnova_9
banknifty levelshello guys welcome to Ramajitrade 🙏😊 Today Target in video we achieve this target 100%. and please Trail your stop loss and try to hold. Updated for-Jun/06/2024.Positional Support for BANKNIFTY 48832 48531 48342 48287 48078 47819 47216 46100 and positional Immediate resistance for BANKNIFTY is 51235. Intraday Resistance of BANKNIFTY are 49896.1 : 50737.6 : 52134.4 : 49387.4 : 49433.6 Intraday Support of BANKNIFTY are 48213.1 : 47371.6 : 45974.8 : 48722.9 : 48677 #i m data trader my 90% Trade base on data treading i hope you like all my trade. We Not Suggest you To Buy any Stock We just share our Ideas with you.01:41by Ramajitrade15
BANKNIFTY LOOKING STRONGindex looking good and hold higher on monday if index open flat then break 50000 round level it will boom condition is index opening should be near 49800 900 because banknifty has a space in upside upto 51000 nifty at resistance NOTE: only for educational purpose RULE: 1: always trade with stoploss 2: decide your risk per trade and per day 3: believe to your analysis 4: stay positive and keep patience technical analysis + money management+ physicalogy = successful trader pls like and shareLongby harikant06721
[INTRADAY] #BANKNIFTY PE & CE Levels(06/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49050 level then possible upside rally of 400-500 points upto 49450 level & this rally can extend another 400 points if market gives breakout 49550 level in todays session. Any Major downside only expected in case banknifty starts trading below 48950 level. also possible reversal downside 49450 level.by TradZoo2