bank nifty crucial update posiitonalbreakout happen now stya abv 47950 looks up side 48800+++++++ yes last high may be test or more firework will start buy on dipsss sl 47488 now let see wht happen nxt session
BANKNIFTY1! trade ideas
BANK NIFTY BNFObservational Purpose.
Date - 02.03.24. Ananlysis for Monday ie. 04.03.24
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BANK Nifty kuch aisa bhi, important level are market, a high probability winning trades can be executed from given levels and technical analysis.
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Watch and keep a track to see how it goes...
Bank nifty ready for a roll BNF is a very critical juncture, either it's going to break out or break down very soon.
The yellow arrow (up & down) points to the potential short term targets.
Key points:
1. overall sentiment is neutral to negative. Breaking the green line might move into bear region
2. staying at current band and above trend line will be bullish
3. Keeping hedge and doing unidirectional trade can reap in profits mostly.
I will look for long opportunities for a mid-long term. for short term bets will rely on indicators
Banknifty Make or Break Situation.Banknifty Make or Break Situation.
around 47980 to 48080 - is the one of MAJOR Retracement Zone.
where possible Trend takes a Pause or Reversal, and if it Breaks above it with a BULLISH Candle
then Banknifty will be again in a MAJOR BULL REVERSAL TREND.
so, keep watch these levels carefully.
banknifty future 15min near the support 45700-800#banknifty future 15min #chart
#Elliottwaves possible count..
banknifty future in corrective phase in form of abc move .. corrective #patterns are time consuming..
currently near the support & fib 1.618 near 45800-690
banknifty in corrective move#banknifty 15min #chart
#Elliottwaves possible count..
banknifty in corrective phase in form of abc move ..
currently B wave in progress.. corrective #patterns are time consuming..
immediate upside resistance 46900-47000
support 46200-350
BANKNIFTY FEB EXPIRYBANKNIFTY COULD BENIN RANGE 46100-48300 FOR FEB EXPIRY
Remained in consolidation mode last 2-3 days expect small downside before next upmove
Bank Nifty - How to trade on Monday
Please read the notes on the chart and time candles for Monday are 2-26-24 9:51 AM
2-26-24 2:17 PM. Please trade between this time only. If 9:15 candle is broken, wait for 2:17 p.m. candle else, go in the opposite direction.
Disclaimer
I am not a SEBI Registered Analyst and it is only for educational purposes only. Please consult your financial advisor for making any decision. I will not be responsible for any of your profits or losses.
banknifty reversal finda small reversal on banknifty chart on friday or monday .. BN can move in down side as yesterday low or more..
Banknifty futureDisclaimer:- 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
BANKNIFTY LEVELS FOR 23-02-2024The Market structure seems to be a buy-on-dip Dip Market,
As Nifty is already at ATH, But BankNifty is 1500 pts away from its ATH, we may see good upside movement in BankNifty in the last week of Feb.
Use these levels for buying on marked Levels.
These levels may act as Support or Resistance depending upon the direction.
This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision. Stock Market investments are subject to market risk.
I see a VCP pattern in progress for Bank nifty..one needs to wait and watch till the pattern gets complete and BO happens above 46890 in futures chart. Not necessary that this needs to have many contractions as seen in my drawing....
Banknifty 47400 PE 31st Feb Contract Please draw these levels in your trading , due to non availability of option data in tradingview , i uploaded png file.
Banknifty 47000 CE 21st Feb Contract Please draw these levels in your trading , due to non availability of option data in tradingview , i uploaded png file.
Enter sell below 46960Enter sell below 46960 , intraday trade.
Target 46600
Sl 5 mins close above 47080
BANKNIFTY FUTURE LEVELS FOR TOMORROW INTRADAY 16 FEB 2024Please check my posted levels with 2 different levels on downside and 2 different levels on upside, market can go up as I am expecting so mark these levels just for education purpose only, please do your owner due-diligence before taking any trading related decision as I am posting these levels just for educational purpose only and these are solely my personal view for tomorrow market.
45800 PE Current Contractfollow the levels, and trade in 45800 PE , tradingview do not provides Indian Indices option chart , thatswhy placed a png.
44800 CE 14th Feb ContractFollow option levels, tradingview do not provides option data of Indian Indices what you are seeing is an image.
follow the levels in 5 minute chart and made profit , be sure to copy these level in your trading platforms 44800 CE strike price and then trade.
Bearish Triumph on Thursday: Bulls on Edge as Markets Grapple foThe trading session on Thursday, particularly the Nifty expiry day, unfolded with a distinct dominance of the bears. The day began with both BankNifty and Nifty exhibiting a significant gap-up, rising by almost 40 points. The indices reached notable levels of 46475 and 22087 for BankNifty and Nifty, respectively, establishing a formidable resistance for the day ahead.
The bears took charge during the first half of the trading day, engaging in a fierce battle with the bulls. Despite the bulls' attempts to regain control, BankNifty moved sideways, and eventually, the bears emerged victorious, steering the market in their favor. BankNifty found support at 45053, closing the day at 45279. Similarly, Nifty experienced a support level at 21768 and concluded the session at 21827.
In summary, it was undeniably a day dominated by the bears, instilling a sense of fear among the bulls. The crucial question now revolves around the upcoming Friday session – will the bulls stage a comeback and reclaim control, or will the bears continue their momentum and extend their influence over the market? The uncertainty leaves traders and investors eagerly awaiting the next market moves, as the battle between bulls and bears unfolds in the dynamic landscape of the financial markets.
Banknifty- 47k possible on 7-FEB -2024Banknifty is ahead of nifty, hence moving slower than nifty
Today, expect it to hit 46353 above this 46852/47000 possible
Bank Nifty for 7 FebNow market is too clattered. in this time only option seller can make money. time is not for Option buyer.
For option buyer level:
Above 46355 level we can see a goo up move.
from 45871-46200 is consolidation zone.
Tomorrow scenario:
if price open below 45800 and stay for 15 min below this price then we can see a down move of 45700 or lower.
If price open above 46200 then wait for 46400 then take a call side position fr a target of 46600 and 46700.
Bank Nifty Spot Chart Analysis for Tomorrow 6 Feb., 2024 📊 Bank Nifty Spot Analysis - Daily Chart 📈
Day Range: 433.5 Points
📈 Buy Levels:
Buy at 45883 🎯 Target 1: 46093.45 🎯 Target 2: 46259.05
Add one lot at 45831.85
Buyer Stop Loss: 45750.7
📉 Sell Levels:
Sell at 45780.7 🎯 Target 1: 45557.65 🎯 Target 2: 45392.05
Seller Stop Loss: 45913
🔍 Analysis:
The Bank Nifty spot chart displays a day range of 433.5 points. Initiate a buy position at 45883 with targets at 46093.45 and 46259.05. Add an additional lot at 45831.85 to optimize potential gains, and set the buyer stop loss at 45750.7. For selling, execute a trade at 45780.7 with targets at 45557.65 and 45392.05, and maintain the seller stop loss at 45913.
📅 Stay Informed:
Keep abreast of Bank Nifty movements to align your trading strategies with the provided levels for potential profits.
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