Bank Nifty ( Fut ) Set up for tomorrow Monthly Expiry ( 25 Jan ) ( Time Frame 15 Min ) we marked Both side levels by using Adv Fib .. will go with the market trend only
#Banknifty Bearish movement expected
where I plotted some zones on the Banknifty Daily chart. it shows the probable Down side movement of Banknifty. let's see next what will happen.
Observational pattern shown by vertical lines.
Register the observation.
Whenever such pattern is observed bearish strategy can be adopted irrespective of mtm.
Negative Divergence on RSI.
RSI exiting overbought zone.
RSI below its average.
MACD turns down below it average.
For near term retracement of the last corresponding rise.
28 days taken from 45600 to 48886 (19 bars and 28 days) (12 green & 7 red)
17 days taken from 48886 to 45600 (13bars and 17 days) (4 green & 9 red)
Up trend above 46600 only
Banknifty 46400 is resistance
45600 is the double bottom
Gap fill and range is 45000 to 45230
Looking at the range of Bank Nifty I have taken the following trade
Sold : 51500 Call at 15.75 and 45000 Put at 30
Put qty is half of the call quantity
hopefully both will be zero
Please note this is a naked sell and profit is limited but loss can be unlimited, if one wants to define the risk and profit, cordon this off with respective option buy.
Buy Bank nifty above 46360 for target of 47600 in 1-2 trading sessions. Bank nifty got rejected at 46360 twice, breaking it should give good up move. If this trade gets activated, new All time high can be expected.
Stop loss- 30min close below 46000
I hope as per our analysis both nifty and banknifty fall good, Banknifty fall 2000 in a single day and nifty 400 points if we add todays market its gone 2500 points banknifty & 700 plus in Nifty.
those who follow me last days they booked good profit in market.
please comment if its really helps you.
Note : All the given idea are as per my view kindly invest wisely.
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
Price Levels for today have been mentioned on the chart for Bank Nifty. Please trade between 10:30 and 2:56 p.m. only. Buy only above high of 10:30 candle.
Note : Your trading view time to be set at UTC +5:30 time setting.
Still have a question? Please write to me in the comments. I am duty bound to answer all your valid questions. This is the only way we...
The trend has not been compromised yet, as long as it is above 48000 it is very good.
The above levels are very good, we may get to see new highs, now let's see what happens tomorrow 8th January 2024.
Bank Nifty is moving in a trend and forming higher highs. it is very good for us.
Range between (48450-48375) Between the red box market will be consolidate . Here at 48371 good volume was traded at Friday. So here all bull and bear are present.
Intraday resistance 1: 48413
Intraday Support 1: 48203
Intraday target resistance 1: 48605
Intraday target Support 1: 48000
Looking this charts we can clear cut seen that upside is very limited
As per short term traders there is very limited upside
Last five days move is very tight range consolidation
I'm looking for Shortsell with tight stoploss of ath as per r:r
*spinning top candle
*rsi triple top
* earning season profit booking
Bank Nifty seems to be turning bullish. Yesterday's candle was not broken which was pivotal in nature. So, will remain bullish in January, unless this candle is broken. But, watch today's candle of 11:33 p.m. very carefully because its Friday and new levels will be framed.
I am duty bound to answer all your questions.
Your trading view time to be set at UTC...
Bank Nifty option lovers have a smile; starting from today a new series for the index. Time candle mentioned is very important.
Yesterday's candle was 1-3-24 3:13 PM and today's candle is 1-4-24 1:23 PM
So long price trades above yesterday's candle sell PE and Buy CE of the CMP and exit PE and sell CE if price trades below today's candle.
Price levels have...
Nifty and Banknifty continued its downtrend
Tomorrow expiry jackpot move possible
Any dip of 50-80 points is good buying opportunity
21450 call cmp 91 if you get below 50 good buy tgt 200++
After bearish candle of 1Jan today good fall we can see also all level was given my previous chart analysis.
All level was given in chart in very clear.
Scenario Happen:
Market will open between 47871- 48212 then it will be side base market.
If open below 47882 wait for make a resistance at level 47882 then short your position. Also follow volume. It will...
