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....
BANKNIFTY1! trade ideas
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.
📈 #BankNiftyAnalysis #StockMarket #TradingStrategies #DayTrading #MarketAnalysis #TechnicalAnalysis #BankNiftyPrediction #FinancialMarkets #InvestmentStrategies #DayRangeAnalysis
Bank Nifty strangle 7th feburaryBank nifty has been really volatile lately and VIX has been crossing 15 more than once, the range of bank nifty even with such volatility is a clear 2500 points , and I am using the good VIX rise to trade both legs selling both calls and puts
Here for the 7th Feburary expiry, i have traded this strangle 47300 CE at 19 and 44200 PE at 18.
Expecting both to be zero
Please note this is a naked sell and i prefer not to carry over night. Trade accordingly
Bank NiftyMy view is bearish to side ways this week. I will try to find short . I will wait for the set up
Bank Nifty this week levelI am very much Bullish this week.After Budget it will give clear direction. If Market will goes opposite to my view, I will stay out for this week.
Buy Bank nifty for a target of 46000Buy Bank nifty for a target of 46000. Bank near weekly SAR confirmation with squeeze momentum value at +1800. Highly unlikely to close to below 44528 on weekly basis. Very good risk reward. Sl: 30 min close below 44500
#BANKNIFTY - Bearish continues#BANKNIFTY - Bearish continues
In our earlier post, we mentioned the downside targets of Banknifty which Hit,
Now we expect a further Downfall in Banknifty and targets are around 43400 to 43800.
Bank Nifty ( Fut ) Set up for tomorrow Monthly Expiry ( 25 Jan )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#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.
BNF observational patternObservational 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.
BANKNIFTY 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
BANKNIFTY 15 MIN ADV. FIN SET UP i have marked Both side levels by Using Adv Fib .. so follow as per given levels in Intraday
