Intraday BankNifty can see 47700 levelsBankNifty seems to be quite weak with all the banks in Red and another 200 - 250 points can be expected...Its a sell on every rise in banks today....Shortby Trading24x7Updated 0
BankNifty Support&Resistance Level for 15th April MondayBanknifty formed a Gravestone Doji weekly candle which is reversal sign on top of uptrend and on Daily front it formed Inverted hammer candle again bearish one.Immeadiate support is 48250 to 48300 area if that voilates next one is 47800 area opens up. US markets fell almost 5 to 6 percent in past 11 days or so and with Israeal and Iran tensions Our markets are also due for good correction a 3 to 5 percent expecting in comming days. For Monday Support and Resistance levels are Support are 48250 below sustains short Targets of 48100,47950,47800,47650,47500 Resistances are 48600 above sustains long Targets of 48775,48900,49000. Mentioned support, resistance and targets can act as reversal points also please check price action those.by rakeshreddymUpdated 227
Banknifty ananlysis for tomorrow 15 Apr 24As we discussed, Banknifty's structure opened a gap down and fell. If we look at the chart now: The market is making Hammers at the top. Now, the market is in a very crucial position. It is trading at the support trendline and support zone. The market is making a rising wedge pattern. If the market breaks the pattern to the downside, it will be a good entry for the bearish position. If we look at the OI data: PCR = 0.7, which shows neutral market sentiments. However, in the past three days, OI activity PCR has been falling gradually from 1.34 -> 1.18 -> 0.7. which shows bears are increasing their position in the market very actively. 48500 is Max-Pain. If this level breaks, there is no support point till 48000. on the upper side, there is resistance at each level (48500-49000). The bulls are very weak at this point. All important levels are marked at the chart. If we look at the FII and DII activity, the Pros are strong and bearish, and clients are bullish. This indicates the market is going to open a gap-down (probably near 200-EMA 15m-TF). There are 2 cases right now. Case 1: inside the channel Sideways. (Low probability) Case 2 : If it breaks to the downside, it is bearish. (High probability) Reasons: EMA(200) < Price < EMA(13), which indicates Weak bulls structure in the market. (Bearish) RSI < 40 shows strong bears' power. (Bearish) PCR = 0.7, which has been falling rapidly from 1.34. shows bears are actively increasing their position size. (Bearish) Price < VWAP shows a bearish market structure. (Bearish) Verdict: Neutral unless the market breaks the trendline and support zone to the downside. Plan of Action : wait for an initial 10 minutes. If it breaks to the downside, GO BEARISH.Shortby finnova_Updated 4427
Bank Nifty prediction for MondayThere seems to be a strong support by the bulls, to not let the index go down, but the last session was week for the bulls. as of today BNFTY maintained a good support given by 48500 level. Monday opening will be a gap down as those holding wants to exit at the earliest. but bulls will hold it from falling by 9:50 am. there is a support around 48300 level. Hence, by 9:50 am Monday, Index will touch 48280 and from there will be flat till 11:00 am, and start rising to close at 48700 and On Tuesday a Gap up to close beyond 48010 level as that is the expiry day.Longby MindReaderINDUpdated 2
#Banknifty directions and levels for April 15th."Good morning, friends! Here are the directions for April 15th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -120 point decrease. I'm really sorry, I can't say exactly how the market will react today because of the geopolitical issue. However, this is my view today: if the market finds support around the immediate support level, then structurally we can expect a 23 to 38% pullback wave. If it has a three-wave structure, it's a better confirmation for correction. Even though after that pullback, if it rejects there (at 38%), then we can expect a correction that may reach once again the previous bottom. And if it breaks, then the correction will likely continue. On the other hand, if the pullback sustains and breaks the fib level 38%, it could consolidate between the previous high and recent low. The alternate view suggests that if the gap-down breaks or consolidates around the immediate support level, it might continue the correction further."by Manickamtraders1
Banknifty buy on dip this week will go up after gapdown opening 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 JaiPrakashShuklaHarmonicTrader0
BANKNIFTY intraday analysis for 15 AprilOverall Downtrend. Due to Global market scenario market maybe open at gap down. Our important support level 48000. resistance level 48800Shortby KaustavHazra2
BANKNIFTY Levels for April 15, 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 RainingMoneywithTech2
BankNifty Intraday analysis for 15 AprilOverall Downtrend. Due to Global market scenario market maybe open at gap down. Our important support level 48000. resistance level 48800Short03:54by KaustavHazra1
Bank Nifty for the coming week.....Hello Friends!! I hope all of you are doing well!!!! If Bank Nifty comes in green and the matter is sought out between Iran and Israel... then the drawn line shall be the resistance for the Bank Nifty or it will be easily breakable ..... Pl. provide your views..... Keep Learning with NG!!by nitinsgrover0
Insights(15Apr24):Bearish Bias,small gap up or at last close.REDNSE:BANKNIFTY Bearish Bias, small gap up or at last close. Red day. Open: small gap up or at yesterdays close. Bearish Bias. Should retest yesterdays low, if broken should go further low as highlighted. Should end in red. Model Prediction: (Caution: Models hallucinate sometimes): { 'Day': 'Monday', 'Date': '15-APR-2024', 'Gap': 'Up', 'GapChange': '10.0', 'Candle': 'Red', 'Open': 48564, 'High': 48564, 'Low': 48111, 'Close': 48202 } (Inner voice): Hmm... back again without any data points. What's your analysis ? (Me): Its just a probability... 1. Based on my historical data analysis I see a Bearishness today. 2. My RenkoIndicator shows a sell signal. (Inner voice): Can't trust your RenkoIndicator, it repaints and sometimes the signal just vanishes into thin air. hahaha...What if it just turns out to be a huge gap up and very Bullish ? (Me): Always look at the pre-market and take the final call. Also have strict SL. (Inner voice):Hmm... lets say you are right this time... how do someone take an entry, exit and SL ? (Me): What i do based on the pre market if it aligns with me I enter a buy with say 1 lot on open and may add additional lot if it tests and rejects previous close or open in this case. SL will be previous days High and take profit 1 will be next resistance point as highlighted and so on. (Inner voice): What if SL is too huge... and it turns against you ? (Me): It depends and adjust based on if probability is high and have a strong conviction. (Inner voice): Hmm...How do I trust you ? (Me): Don't trust anyone blindly...Do your own research before jumping in... You are responsible for your trades and loss or profit. This is only my journal I am maintaining for my studies, research and educational purpose. Follow strict stop loss. Do your own research before investing or trading in any stock or indices or crypto. Disclaimer: I am not SEBI registered. This is not a financial, investment or trade advice. You are responsible for your trades. Its only for educational purpose.Shortby jac0012
Bank NIFTY-Weekly Outlook-Venkat's BlogThe Bank Nifty is posted a new ATH from where it got sold off. The Bank Nifty moved in range of 633 points Viz. between 49057 & 48424. The Bank Nifty posted a bearish candle with higher lows and higher highs. The big picture shows that it is moving in an ascending channel with lower support at 44600 and resistance at 50200 with a pivot at 47600. The current move appears to be following a trend resistance at 49300 and support at 47900 followed by 46850. .The Bank Nifty appeared to be catching up the lost opportunities. The oscillators are showing mixed signal. Next few weeks are crucial for the Bank Nifty to recover with sharp move or meltdown towards 46K. The resistance comes in at 49170-350 range and the support at 46750. Unless the Bank Nifty crosses 49200 on a daily closing basis we can expect the target for the current gravestone Doji type candle is 46750. The expected range for Bank Nifty is 47500-49150.and a daily close outside the range would require re-evaluation of risk and target. Disclaimer: The views expressed here are personal and not connected to SYFX Treasury Foundation. The views are for learning and reference purpose only.by SYFXTF112
Bank Nifty Weekly Spot Chart Analysis for 15-19 Apr, for Options📊 Range Point: 48565 📈 Weekly Range: 633 🎯 Buy Above: 48816 🎯 Average At: 48741 🎯 Buy Target 1: 48956 🎯 Buy Target 2: 49197 🛑 Buyer Stoploss: 48605 📉 Sale Below: 48666 🎯 Sale Target 1: 48174 🎯 Sale Target 2: 47932 🛑 Seller Stoploss: 48877 Don't forget to reciprocate your love by following, boosting or messaging, that fuels my efforts for you! #BankNiftyOptions #NiftyBank #TRADINGTIPS #trading #optiontrading #optionbuying by NumroTrader0
BANKNIFTY FOR 12 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 13
Bank nifty expiry trades and targets - 15/4/24Hello Everyone. I have provided bank nifty trades and targets above. The market was bearish previous day. If market opens flat or gap down then we can see continuation of bearish trend. If it opens gap up then look for reversal trades till the resistance range is broken with 15-minute candle before going for any CE trade. Book profits every 50 points as we are getting very few trending moves. If we do in between these zones premium eating will happen and we end up seeing losses.by GOPISRI1
#Banknifty:15th April#Banknifty:15th April Step1: Buy the G/D. Buying level 48167-48090-S1 Step2: Book profit around 48250-48262. R-1 Step3: Exit at R-1.. Step4:can take a short at R-1....Exit-47924by rudrajit_deb0
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 15 APR 202415 Apr 2024 WORLD MARKETS 1. World markets are looking bearish. May be reverting to mean. 2. The Iran - Israel conflict escalation may be one of the reasons. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is at 11.5 which is a 4 % increase than the previous day. 2. GIFT Nifty is indicating 135 points down tick at 22300 levels. This amounts to 48200 levels for bank. INDEX HEAVY WEIGHTS 1. HDFC Bank has turned negative. It has closed below 1520. This is going to be a resistance for the short term. 1490 seems to be the next support. 2. ICICI Bank has good support at 1090 and 1100 will be a good resistance. ICICI Bank can get trending if it break these levels. So 1100 is a sell and 1090 - 1085 is a buy. 3. Reliance has good support at 2915. If it breaks this, then reliance may turn bearish.target 2858. ANALYSIS 1. World Markets have turned negative They have been affected by Iran - Israel conflict. 2. Indices also have turned negative. 3. If the Indices gap down as per GIFT Nifty, we may see a range bound market. 4. Index Heavy weights are at crucial support levels. We have to see whether they sustain above the support or if they break down. TRADING PLAN 1. NIFTY OPEN BETWEEN 22600 - 22480 : Sell any rally to 22680. 2. NIFTY OPEN ABOVE 22600 : Sell Any weakness at 22750 -22800 levels. 3. NIFTY OPEN BELOW 22480 : Sell any rally to 22550 levels. 4. BANK NIFTY OPEN BETWEEN 48675 - 48450 : Sell any rally to 48800 levels. 5.BANK NIFTY OPEN ABOVE 48675: Buy any consolidation and break above 48930 levels. Any weakness at 48900 can be sold into. 6. BANK NIFTY OPEN BELOW 48450 : Sell any rally to 48700 levels. 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 sam20051968445
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BANKNIFTY Intraday Trade Setup For 15 Apr 2024BANKNIFTY Intraday Trade Setup For 15 Apr 2024 Bullish- Above 49060 Invalid-Below 48950 T- 49650 Bearish-Below 48450 Invalid- Above 48560 T- 47890 BANKNIFTY has closed on a bearish note last week as it has closed at week low and formed a shooting star candle in weekly TF. I consider only 2nd leg shooting star to trade and last week candle is that. Below 48470 it will be activated but I will personally plan positional short in the pullback near 48850 so that our risk will be small 49080. This will be executed on a bearish reversal price structure in 5 Min TF or else we will buy above 49060. Next week looks bearish. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 49060 then we will long for the target of 49650. For selling we need a 15 Min candle close below 48450. T- 47890. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.by Omahto3
Bank Niftyprice is traded in Channel and traded at lower end of channel so it s possible chance that price will move upper side This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.Longby RRC555Updated 2
Bank Nifty Price break the resistance area now at the retest zone. resistance become support . its possible chance that price move up side target at marked green zone previous swing low is Stop loss This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.Longby RRC555Updated 0
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What is Support and Resistance and Price action 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.Education42:14by TrendTalkUpdated 84