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7 hours ago

📊 BankNifty Intraday Trade Setups

💼 Trade Idea: Buy Intraday Trade Setup

🔹 Entry Price: ✨ 50,847
🔹 Stop Loss: ❌ 50,700
🔹 Take Profit 1: 🎯 51,000
🔹 Take Profit 2: 🎯 51,200

📌 Reason for Entry:

The entry price of 50,847 is near a significant support level identified through daily Fibonacci retracement. The price action indicates a potential upward reversal, with the first target at 51,000 and the second target at 51,200. The stop loss is placed at 50,700 to manage risk effectively.

💼 Trade Idea: Sell Intraday Trade Setup

🔹 Entry Price: ✨ 51,004
🔹 Stop Loss: ❌ 51,200
🔹 Take Profit 1: 🎯 50,900
🔹 Take Profit 2: 🎯 50,750

📌 Reason for Entry:

The entry price of 51,004 aligns with a strong resistance level based on daily Fibonacci retracement levels. The market shows signs of a potential downward movement, with the first target at 50,900 and the second target at 50,750. The stop loss is set at 51,200 to control risk.

💡 Summary:

BankNifty is at critical levels, with support at 50,847 and resistance at 51,004. The Buy Setup at 50,847 targets 51,000 and 51,200, while the Sell Setup at 51,004 targets 50,900 and 50,750. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.

8 hours ago

don't buy the dip... short or stay away

8 hours ago

unbelievable selling pressure today, too much selling, but why ,have some news if so then share pls

10 hours ago

📊 BankNifty-NSE INDEX 30th December 2024 Daily Analysis Based on Main Key Levels

In this blog post, we provide a comprehensive analysis of the BankNifty-NSE Index as of December 30, 2024. This analysis is essential for traders looking to make informed decisions based on current market conditions.

📍 Daily Current Market Price (DCMP)

The current market price for the BankNifty-NSE Index is 51,801. This serves as a critical reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)
Resistance 1: 51,635
Resistance 2: 51,821
Resistance 3: 52,122

✅ Support (Below DCMP)
Support 1: 51,334
Support 2: 51,033
Support 3: 50,847

📉 Swing Levels
Swing High: 53,888
Swing Low: 50,609

Summary of Analysis
As of the current market price of 51,801, key resistance levels above this price include 51,635, 51,821, and 52,122. The support levels below this price are 51,334, 51,033, and 50,847. Additionally, the swing high is at 53,888, and the swing low is at 50,609.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 51,635
Stop Loss: ❌ 51,334
Take Profit 1: 🎯 51,801
Take Profit 2: 🎯 51,821

📌 Reason for Entry
The price is approaching a key support level at 51,635, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 51,821
Stop Loss: ❌ 52,122
Take Profit 1: 🎯 51,801
Take Profit 2: 🎯 51,635

📌 Reason for Entry
Resistance at 51,821 suggests a potential selling opportunity, with targets set below this level.

Conclusion
This analysis provides a concise overview of key levels and trade opportunities for the BankNifty-NSE Index. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!

10 hours ago

Pre Market analysis for 30/12/2024
#NIFTYBANK
If market opens flat and breaks 51400 level, will plan for buying for target 51600 level.
If market opens gap down, and breaks 51250 will plan for selling for target 51000.
Wait for 15min candle close below level.
If market opens gap up, and sustains above 51400 level, then plan for buying for target 51600.
Disclaimer:-All views are my personal and only for educational pher

12 hours ago

positive view on today market, seller fully traped in first 15 minutes

yesterday

As of December 29, 2024, the Nifty Bank Index (BANKNIFTY) closed at 51,311.30, reflecting an increase of 140.60 points (0.27%) from the previous close.
INVESTING

For the upcoming trading session, key support and resistance levels have been identified based on recent price movements:

Support Levels:

S1: 51,158.12
S2: 51,004.93
S3: 50,769.77
Resistance Levels:

R1: 51,546.47
R2: 51,781.63
R3: 51,934.82
These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market.
TOP STOCK RESEARCH

Additionally, technical indicators provide further insights:

Relative Strength Index (RSI): 48.517 (Neutral)
Moving Average Convergence Divergence (MACD): -43.34 (Sell)
Average Directional Index (ADX): 21.376 (Buy)
These indicators suggest a mixed outlook, with the RSI indicating neutrality, MACD signaling a potential bearish trend, and ADX pointing towards a developing trend.
MONEYCONTROL

Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions.

Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.

2 days ago

BankNifty-NSE INDEX Weekly Analysis Based on Main Key Levels

📍 Current Market Price (DCMP)

The current market price for BankNifty is 51,311. This level is essential for identifying potential trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)
Resistance 1: 52,897
Resistance 2: 53,636
Resistance 3: 54,832

✅ Support (Below DCMP)
Support 1: 50,507
Support 2: 49,768
Support 3: 48,572

📉 Swing Levels
Swing High: 53,888
Swing Low: 50,609

Summary of Analysis

Currently, BankNifty is positioned at 51,311. The nearest resistance level above this price is 52,897, while the support level below is 50,507. The swing high is at 53,888, and the swing low is at 50,609.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 50,507
Stop Loss: ❌ 50,000
Take Profit 1: 🎯 51,000
Take Profit 2: 🎯 51,500

📌 Reason for Entry
The price is approaching a key support level at 50,507, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 51,702
Stop Loss: ❌ 52,000
Take Profit 1: 🎯 51,000
Take Profit 2: 🎯 50,800

📌 Reason for Entry
Resistance at 51,702 suggests a potential selling opportunity as it aligns with the technical analysis, providing clear targets below this level.

Conclusion
This analysis provides a concise overview of key levels and trading opportunities for BankNifty. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights, and happy trading!

2 days ago

As of December 28, 2024, the Nifty Bank Index (BANKNIFTY) closed at 51,233.00, reflecting a decrease of 84.60 points (-0.16%) from the previous close.

For the upcoming trading session, the following support and resistance levels have been identified based on pivot point analysis:

Resistance Levels:

R1: 51,364.24
R2: 51,495.47
R3: 51,608.84
Support Levels:

S1: 51,119.64
S2: 51,006.27
S3: 50,875.04
These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies.

3 days ago

BankNifty Intraday Trade Setups

If anyone has doubts or does not agree with my viewpoint, please let me know.

Trade Idea: Buy Intraday Trade Setup

Entry Price: 51,287
Stop Loss: 51,100
Take Profit 1: 51,500
Take Profit 2: 51,700

Reason for Entry: The entry price of 51,287 is near a significant support level identified through daily Fibonacci retracement. The price action indicates a potential upward reversal, with the first target at 51,500 and the second target at 51,700. The stop loss is placed at 51,100 to manage risk effectively.

Trade Idea: Sell Intraday Trade Setup

Entry Price: 51,588
Stop Loss: 51,800
Take Profit 1: 51,400
Take Profit 2: 51,200

Reason for Entry: The entry price of 51,588 aligns with a strong resistance level based on daily Fibonacci retracement levels. The market shows signs of a potential downward movement, with the first target at 51,400 and the second target at 51,200. The stop loss is set at 51,800 to control risk.

Summary:

BankNifty is at critical levels, with support at 51,287 and resistance at 51,588. The Buy Setup at 51,287 targets 51,500 and 51,700, while the Sell Setup at 51,588 targets 51,400 and 51,200. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.