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BANKNIFTY trade ideas

Banknifty Intraday Analysis for 10th February 2025NSE:BANKNIFTY Index closed near 50160 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 51000 Strike – 12.82 Lakh 50500 Strike – 8.57 Lakh 50000 Strike – 7.34 Lakh Put Writing 49000 Strike – 13.98 Lakh 50000 Strike – 10.67 Lakh 49500 Strike – 6.15 Lakh Index has resistance near 50700 – 50800 range and if index crosses and sustains above this level then may reach near 51400 – 51500 range. Index has immediate support near 49700 - 49600 range and if this support is broken then index may tank near 48900 - 48800 range.
NSE:BANKNIFTY
by RKMAURYA
BankNifty levels - Feb 11, 2025Utilizing 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
Banknifty ready to give sharo fall sell on rise How to take trades using Harmonic pattern projection Trade setup is explained below :- 1st D point : 0% is recent top or bottom. 2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 13.5% then early or risky traders can reversal trade , Safe traders can wait for 27% levels break Targets : Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target ( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also). T2: 50% level is our 2nd Target T3: 61.8% to 65 % is our 3rd Target ( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .) Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%. 161.8 to 165% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
NSE:BANKNIFTY
by EquityCommodityForexJaiprakash
Bank Nifty Weekly Outlook: BIg Move Ahead?As we enter the new trading week, the Bank Nifty index closed at 50,158.85 for the current week, setting a pivotal stage for the upcoming week. Here's a detailed look at the key levels, the market sentiment, and how the price action could influence Bank Nifty's performance, particularly focusing on the crucial price action pivot range. Current Week's Close: 50,158.85 The current closing level of 50,158.85 indicates a period of consolidation within Bank Nifty. Traders need to keep a close eye on the upcoming key levels to gauge the direction of the index. The weekly pivot range and the support/resistance levels will serve as essential markers for potential price movements. Weekly Price Action Pivot Range The weekly pivot range for Bank Nifty is between 50,141 and 50,315. This range suggests a potentially bullish outlook if the index sustains above the pivot level. A move higher from here could push the index towards the resistance levels. However, if the Bank Nifty closes below the pivot range on the 1-hour time frame (1Hr TF), it may signal bearish sentiment, bringing a shift in the market's direction towards the support levels. Market Sentiment Based on Pivot Range: Bullish Sentiment: If the Bank Nifty stays above the pivot range (50,141 to 50,315), it could indicate strength, and traders might anticipate upward momentum, pushing the index towards higher resistance levels. Bearish Sentiment: A close below the pivot range on the 1Hr TF could suggest a bearish reversal, and further downside may materialize, with the index testing lower support levels. Key Support and Resistance Levels Support Levels: S1: 49,173 S2: 49,297 S3: 48,816 The support levels play a vital role in identifying potential turning points. If Bank Nifty falls below S1 (49,173), it could face further downside pressure, with S2 and S3 acting as the next support zones. Traders should remain cautious if the index approaches these levels, as they could trigger additional bearish sentiment. Resistance Levels: R1: 50,609 R2: 51,059 R3: 51,543 On the upside, R1 (50,609) stands as the immediate resistance level. A breakout above this level could lead to a surge towards R2 and R3, signaling a continuation of the bullish trend. Observations on Weaker Stocks in the Banking Sector Based on my observations, the following stocks from the Nifty Bank appear weak: The major high-weightage banking stocks, HDFC Bank, ICICI Bank, and Axis Bank are showing weakness for the coming week. These three banks alone hold approximately 60.79% weightage in the Bank Nifty index. This indicates that any significant movement in these stocks can largely influence the overall performance of the index. In the PSU banking sector, SBI is the key player with the highest weightage. It is already in a downtrend and recorded a -3.78% correction last week. Apart from Kotak Mahindra Bank, most of the major high-weightage banking stocks appear weak for the upcoming week. Conclusion In summary, the outlook for Bank Nifty next week will largely depend on price action around the weekly pivot range. A close above the pivot range would suggest a bullish scenario, potentially pushing the index higher towards the resistance levels. On the other hand, a close below the pivot range on the 1Hr TF could trigger a bearish reversal, leading to a move towards key support levels. Bullish scenario: If the index stays above the pivot range, expect a potential upward move toward resistance levels. Bearish scenario: A close below the pivot range may point towards a downside move, with S1, S2, and S3 acting as critical support zones. Key Takeaway: Monitor these levels closely for any price action breakouts or reversals, and adjust your strategies accordingly. As always, traders should focus on risk management and closely monitor sector-specific developments that could impact Bank Nifty's performance. Stay alert to any signs of momentum shifts as these levels will provide the key to navigating the market in the coming week.
NSE:BANKNIFTY
by ALICEBLUE
#Banknifty directions and levels for February 10th:Bank Nifty – Current View Bank Nifty’s structure is similar to Nifty’s. If the market sees a solid initial decline, we can expect a minimum target of 49,742. After that, if a pullback occurs, we may see a range-bound market. However, if 49,742 breaks, the correction is likely to continue. Bank Nifty – Alternate View The alternate view suggests a bullish sentiment. However, initially, we should approach it as a range-bound market. The rally will continue only if the market breaks the previous high.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Levels February 10, 2025 BANKNIFTY 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
Bank nifty trades and targets for - 10/2/25Hello Everyone. The market was in a bearish mode today. 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 directional trades. Book profits every 100 points as we are getting very few trending moves.
NSE:BANKNIFTY
by GOPISRI
#Banknifty directions and levels for the second week of FebruaryCurrent View: The current view suggests that after the sharp pullback has ended, a minor correction is in progress. We can usually expect a three-wave structure in this correction. If it continues, we can anticipate a minimum correction of 38% to 50% for Bank Nifty in the current swing. > After that, if it finds support at either the 38% to 50% level with a three-wave structure, it would indicate a continuation of the rally. > However, we should seek some reversal confirmation using certain parameters, such as the EMA 20 or a breakout at the 38% Fibonacci level. This is the current view. > Notably, due to the BJP's victory in the Delhi election, if the market starts this week with a bullish bias and breaks the previous high without forming this three-wave structure, we can also follow the upside levels. In this case, it could be considered an extension variation. Alternate View: The alternate view suggests that Gift Nifty indicates a negative start in the first session of the week. So, if a solid correction structure forms, the trend will likely continue once the price breaks below the 78% mark on the downside. Until then, we should consider both Nifty and Banknifty to be in a range-bound market.
NSE:BANKNIFTY
by Manickamtraders
Bank Nifty Index Intraday Technical Analysis for 11 Feb., 2025.🚀 Unlock the potential with my Bank Nifty Intraday Technical Analysis for 11th Feb., 2025! ✨ Boost, follow, and engage for updates. Your support means a lot! 🚀❤️ 📍 Day Range Trigger Point (DRTP): 50159 📅 Expected Day Range: 771 📈 Long Position 🔹 Buy Above: 50347 🎯 Target 1: 50635 🎯 Target 2: 50929 ⛔ Stoploss: 50282 📉 Short Position 🔹 Sell Below: 50166 🎯 Target 1: 49683 🎯 Target 2: 49388 ⛔ Stoploss: 50231 🚀 How to Trade with Numro Trader Intraday Levels Buy Setup 🕒 Wait for a 5-Min candle to close above DRTP or Buy Above level. 📈 Confirm breakout with a candle breaking the high of the breaking candle. 🛒 Enter a buy order at the active level (DRTP or Buy Above). 🎯 Target: Aim for Target 2 (if coming directly from DRTP) 🎯 Or Target 1 (if coming from below DRTP). ⚠️ Exit Rule: Set stoploss 65 points from the active level. ⚠️ Avoid re-entering after achieving the target. Sell Setup 🕒 Wait for a 5-Min candle to close below DRTP or Sell Below level. 📉 Confirm breakout with a candle breaking the low of the breaking candle. 🛒 Enter a sell order at the active level (DRTP or Sell Below). 🎯 Target: Aim for Target 2 (if coming directly from DRTP) 🎯 Or Target 1 (if coming from above DRTP). ⚠️ Exit Rule: Set stoploss 65 points from the active level. ⚠️ Avoid re-entering after achieving the target. ✨ My strategies are backed by 6+ years of research and proven success in trading indices, commodities, and more. Connect to know more for Intraday Levels and Live Market Confirmations. 📈 #BankNifty #IntradayTrading #StockMarket #NumroTrader 🚀
NSE:BANKNIFTY
by NumroTrader
Banknifty still buy on dip until 49450 not break Last week premium members booked huge profit Gold 2150 points profit Silver 2500 points profit Copper 28 points profit Natural gas 12 points. Zinc 2 points. Crude 150 points How to take trades using Harmonic pattern projection Trade setup is explained below :- 1st D point : 0% is recent top or bottom. 2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 13.5% then early or risky traders can reversal trade , Safe traders can wait for 27% levels break Targets : Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target ( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also). T2: 50% level is our 2nd Target T3: 61.8% to 65 % is our 3rd Target ( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .) Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%. 161.8 to 165% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
NSE:BANKNIFTY
by EquityCommodityForexJaiprakash
Banknifty Intraday Analysis for 07th February 2025NSE:BANKNIFTY Index closed near 50380 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 51000 Strike – 10.32 Lakh 50000 Strike – 7.59 Lakh 50500 Strike – 6.97 Lakh Put Writing 49000 Strike – 13.95 Lakh 50000 Strike – 10.71 Lakh 49500 Strike – 6.84 Lakh Index has resistance near 50700 – 50800 range and if index crosses and sustains above this level then may reach near 51400 – 51500 range. Index has immediate support near 49700 - 49600 range and if this support is broken then index may tank near 48900 - 48800 range.
NSE:BANKNIFTY
by RKMAURYA
BankNifty levels - Feb 10, 2025Utilizing 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
BANKNIFTY Levels February 7, 2025BANKNIFTY 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 MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:BANKNIFTY
by StocksOptionBlaster
How to do Database Trading Part 5 ?Database trading, often referred to as *algorithmic trading* or *quantitative trading*, involves using computer algorithms to make automated trading decisions based on a large amount of data. This type of trading is heavily reliant on databases to store, analyze, and retrieve historical data, trading signals, market conditions, and other relevant information for decision-making. Here's a step-by-step breakdown of how to get started: ### 1. **Understand the Basics of Trading** Before diving into database trading, you should have a good understanding of: - **Financial Markets:** Understanding how different markets (stocks, forex, crypto, etc.) work. - **Trading Strategies:** Familiarize yourself with common strategies like trend following, mean reversion, or arbitrage. - **Technical Indicators:** Learn how technical analysis indicators (moving averages, RSI, MACD) can be used to generate trading signals. ### 2. **Learn About Algorithmic Trading** - **Quantitative Analysis:** Database trading relies on quantitative analysis, where you analyze large amounts of historical data to find patterns, trends, and correlations that can guide decision-making. - **Programming Skills:** Most algorithmic trading is done using programming languages such as Python, C++, or Java. Python is especially popular because of its data science libraries (like Pandas, NumPy, and Scikit-learn) and ease of use. - **Backtesting:** Backtesting is a crucial part of database trading, where you test your algorithm on historical data to see how it would have performed in the past. ### 3. **Setting Up a Database** - **Data Collection:** You'll need access to a database of historical market data (price, volume, order book, etc.). Common sources include Yahoo Finance, Alpha Vantage, Quandl, or APIs from brokers like Interactive Brokers or Alpaca. - **Database Management Systems (DBMS):** You can store your data in relational databases like MySQL, PostgreSQL, or use NoSQL databases like MongoDB. It's essential that your database can handle large volumes of data quickly, especially if you're processing real-time data. - **Data Types:** Store various data types like: - **Historical Market Data:** This includes open, high, low, close prices, and volume for the assets you wish to trade. - **Economic Indicators:** Things like interest rates, GDP growth, unemployment rate, etc. - **Alternative Data:** News sentiment, social media analysis, etc. ### 4. **Data Processing and Analysis** - **Preprocessing Data:** Clean and organize your data. This step might involve dealing with missing values, outliers, and adjusting for corporate actions (like stock splits). - **Feature Engineering:** Extract useful features from the raw data that will be used in your trading model. For example, moving averages, RSI, or volatility can be used as features to generate signals. - **Modeling:** Use statistical or machine learning models to analyze the data and predict future price movements or trends. Common techniques include: - **Time Series Analysis:** ARIMA, GARCH, etc. - **Machine Learning:** Linear regression, decision trees, neural networks, etc. ### 5. **Developing the Trading Algorithm** - **Algorithm Design:** Based on your data and models, design an algorithm that automatically generates trading signals. This might be a simple rule-based system (e.g., buy if the price crosses above the moving average) or a more complex machine learning model. - **Execution Logic:** Design how your algorithm will execute trades. Some systems are direct market access (DMA), while others might use broker APIs to place orders on the market. - **Risk Management:** Incorporate risk management techniques like stop-loss, take-profit, and position sizing to protect your portfolio. ### 6. **Backtesting** - **Simulate Trades:** Before you go live, run your algorithm against historical data to evaluate its performance. Backtesting should be done on out-of-sample data to get a more realistic picture of how the strategy might perform. - **Metrics:** Use performance metrics such as Sharpe Ratio, Maximum Drawdown, and Win Rate to evaluate the quality of your strategy. ### 7. **Paper Trading** - **Paper Trading:** This involves running your algorithm on live data, but without real money. It's a crucial step to ensure the algorithm works correctly in a real-time environment and that it can handle market slippage, transaction costs, etc. ### 8. **Deploying to Live Trading** - **Execution Platform:** Once you're confident your algorithm works, deploy it to a trading platform that supports algorithmic trading. Popular platforms include Interactive Brokers, MetaTrader, QuantConnect, and Alpaca. - **Monitoring:** Even though the algorithm trades automatically, you must still monitor its performance and intervene in case of unexpected market conditions or errors in the system. ### 9. **Optimization and Maintenance** - **Continuous Improvement:** Constantly optimize your trading algorithm by refining your model, adjusting risk management rules, and adapting to market changes. - **Real-time Data:** Stay on top of real-time data and news. For instance, changes in interest rates or earnings reports can heavily impact financial markets. - **System Maintenance:** Ensure that your database and trading systems are running smoothly, handling failures, and scaling with large amounts of data. ### Tools and Resources: - **Trading Platforms:** Interactive Brokers, MetaTrader, Alpaca, Tradestation. - **Data Providers:** Alpha Vantage, Quandl, Yahoo Finance, FRED. - **Programming Languages:** Python (Pandas, NumPy, scikit-learn, TensorFlow), C++, Java. - **Databases:** MySQL, PostgreSQL, MongoDB. - **Backtesting Tools:** Backtrader, Zipline, QuantConnect. ### Key Considerations: - **Market Risk:** Even the best algorithms can’t predict every market movement. There’s always inherent risk. - **Data Quality:** Bad data can lead to poor trading outcomes. Ensure your data is clean and accurate. - **Latency:** In high-frequency trading, speed matters. Having low-latency systems and database access is crucial.
NSE:BANKNIFTYEducation
by Optionclub
How to use ADX in trading ???The ADX identifies a strong trend when the ADX is over 25 and a weak trend when the ADX is below 20. Crossovers of the -DI and +DI lines can be used to generate trade signals. For example, if the +DI line crosses above the -DI line and the ADX is above 20, or ideally above 25, then that is a potential signal to buy. The traditional setting for the ADX indicator is 14 time periods, but analysts have commonly used the ADX with settings as low as 7 or as high as 30. Lower settings will make the average directional index respond more quickly to price movement but tend to generate more false signals. Many trading strategies like Linda Raschke's Holy Grail and Jeff Cooper's 5 Day Momentum Method use the ADX indicator to identify strong trends. However, day trading with the ADX indicator is not common. The reason is while the ADX indicator is good at identifying strong trends, it is a lagging indicator.
NSE:BANKNIFTYEducation
by Optionclub
NIFTYBANK FRIDAY TRADE PLAN Friday trade plan based on hourly chart. Banknifty in Impulse diagonal abcde, with e in progress. Making Higher High Higher Low Bullish Structure Gap up Sustained RBI Meet repo rate announcement 7 Feb 10 am. Can be volatile keep, trade cautiously. Disclaimer: I am not SEBI registered analyst. These are not buy/sell recommendations. Trading/investing can be very risky, reach out to a authorised consultant before making any decisions. I do not claim/promise any profits.
NSE:BANKNIFTYLong
by IMStockwala
Banknifty buy on dip tomorrow 99.99% chances for 25 bps rate cutHow to take trades using Harmonic pattern projection Trade setup is explained below :- 1st D point : 0% is recent top or bottom. 2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 13.5% then early or risky traders can reversal trade , Safe traders can wait for 27% levels break Targets : Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target ( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also). T2: 50% level is our 2nd Target T3: 61.8% to 65 % is our 3rd Target ( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .) Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%. 161.8 to 165% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
NSE:BANKNIFTYLong
by EquityCommodityForexJaiprakash
1