BNF TRGS Trade as per levels. Tdys high/low imp whichever side breaks expect 700/800 pts move in that direction. Bias down.
banknifty pridiction- 06/11/2024looking for bullish action on banknifty ,follownig these parameters.anything else in chart wait for my another setup.
My view on Bank Nifty Market will be still in range but if the BN break the 51000 level on a hourly basis, it will come down to 50500.
Bank Nifty for next ExpiryBoth Side Movement is possible for bank Nifty. The most important point is that It can move either side . First week is very important for both price and data .
BANKNIFTY BullishAs per Price action and PCR we see its trying to make a double bottom and price may rise till 52000+ in coming days just a view not a reco... levels are marked on chart.
Best buy 50850 to 51140 Zone with a stoploss of 50800 closing basis for a target of 51800 - 52400.
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Banknifty intraday trading On saturday approx rally 1200 points so it might me hall for two days
market open gap up and close 52500 15 min candle then i will enter the trade and my sl candle low target is 52746.25
if market open flat if the rejection will come from 52200 i will enter the long trade
IF it open gap down
Daily banknifty DAily is in up trend but it was in the range
and right shoulder is creating untill 53000 to 53200 it may act as resistance
Banknifty Monthly Monthly Banknifty
It is in the range of High (54825.55) to Low (50283.15) If it break up side it will go up .
it will break down side it will go down my point of view i will be in the range of next year feb or march
Bank Nifty possible Level (My view)For this week I am Bullish in Bank Nifty. All important is mentioned. Before taking trade for intraday, I would like to analysis open interest data.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of BANKNIFTY INDEX FUTURES is 52,060.10 INR — it has risen 1.03% in the past 24 hours. Watch BANKNIFTY INDEX FUTURES price in more detail on the chart.
The volume of BANKNIFTY INDEX FUTURES is 1.73 M. Track more important stats on the BANKNIFTY INDEX FUTURES chart.
The nearest expiration date for BANKNIFTY INDEX FUTURES is Nov 27, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell BANKNIFTY INDEX FUTURES before Nov 27, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For BANKNIFTY INDEX FUTURES this number is 2.68 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for BANKNIFTY INDEX FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for BANKNIFTY INDEX FUTURES. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of BANKNIFTY INDEX FUTURES technicals for a more comprehensive analysis.