bank nifty head and shoulder pattern breakout analysisyes on daily chart looks like h&s pattern neckline 49600 if stya blow or close blow 2 days thna expect 46000 expect hurdle 50300@ for dedcat bounce let see in near terms
BANKNIFTYU2024 trade ideas
Option and Database trading The Bottom Line. You don't need a considerable sum of money to become an options trader. You can start small with a capital of less than Rs 2 lakhs too. However, as you start small, you need to be a careful trader so that you can cut down on the possibility of losses and enhance the return potential of your trades.
Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index.
ADX in trading The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend.
The average directional index (ADX) is a technical analysis indicator used by some traders to determine the strength of a trend.
bankniftythis chart continue create harmonics patterns right now it create bat harmonic pattern which can see in this chart
Buy banknifty future above 51370
add more if get 50750
closing stoploss elow 50480
target 52600-54294
always follow stoploss and revised stoploss with partial rofit bookings
Raising bad loan waring by RBIWith respective to the RBI warning , the banks stocks being corrected, 49800 in future will be crucial point, a break below will take it up to 46100
Technical trading Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified.
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
Option Chain in trading An option chain lists all option contracts, including put and call option for given security. However, several traders focus on net change,' 'bid,' 'last price,' and 'ask,' columns to assess current market conditions. Option chain is also called the option matrix.
What is Implied Volatility (IV)? Implied Volatility (IV) uses an option price to determine and calculate what the current market is talking about, the future volatility of the option's underlying stock. Implied volatility is one of the six essential factors used in options pricing models.
Technical trading Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified.
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
Wait and Watch - BN 23rd Dec 2024Do check out the chart analysis for BN for week starting 23rd Dec 2024.
I would be staying away from BN unless it sustains the levels given in the video.
Thanks.
Bank Nifty Long-term bullish trend ready to reverse?Analysis
Bank Nifty has been trading in a range of 4000 points for the last 6 months and has formed a Head and Shoulder pattern
A bullish 45 degree trendline can be seen on the weekly chart, connecting all the bottoms since the covid19 low. The longer the trendline, the more valid it is
Weekly candle in bank nifty has eroded most of the gains made in the last 4 weeks and closed on the trendline
What next?
A decisive break of the trendline (weekly close) will indicate the long term bull trend has surely taken a pause. Once price starts taking resistance from this trendline we can know for sure the trend has reversed.
We can project a downside target of 4000 points based on the head and shoulder pattern, this also sits roughly at the election day panic low.
Trade Plan
It's a little late to short now! Price is at a support and we don't short at support.
Wait and watch how price behaves next week, a break of the trendline is bearish - however if price again starts to take support and bounce a long trade of at least 2000 points as target can be planned.
In either case I will update the idea.
Good luck, Happy trading!
Bank Nifty Gap Down and Took Support on important LevelBank Nifty took support on 61% retracement level. 61% is considered as golden number in fab series. Low of today need to be onsidered as important support. Lets see where market goes tomorrow.
In case you are candel stick fan, you can see today BNF formed spinning top. important to see next move.
Option trading // Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame.
When options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor.
Class for option trader In summary, here are 10 of our most popular options trading courses
Derivatives - Options & Futures: Interactive Brokers.
Practical Guide to Trading: Interactive Brokers.
Trading Strategies in Emerging Markets: Indian School of Business.
Financial Engineering and Risk Management: Columbia University.
The course provides students with an understanding of the derivatives markets (futures and options) and how they are traded. It also explains the construction and applications of payoff diagrams, and introduces a number of options trading strategies.
BANKNIFTY Support & Resistance levels Current Analysis for Bank Nifty (NSEBANK)
As of December 15, 2024, the Bank Nifty index reflects the performance of major banking stocks listed on the NSE and is closely tracked for market sentiment and trading opportunities.
Key Levels
Current Price: ₹53,583.80
Support Levels:
S1: ₹52,680.90
S2: ₹51,778.00
S3: ₹51,291.45
Resistance Levels:
R1: ₹54,070.35
R2: ₹54,556.90
R3: ₹55,459.80
Profitable Advance TradingThe defining feature of day trading is that traders do not hold positions overnight; instead, they seek to profit from short-term price movements occurring during the trading session.It can be considered one of the most profitable trading methods available to investors.
Trading strategy based on moving averages.
Trading strategy based on technical analysis and price patterns.
Trading strategy based on Fibonacci retracements.
Candlestick trading strategy.
Trend trading strategy.
Flat trading strategy.
Scalping.
Trading strategy based on fundamental analysis.
Database Trading Option // Options market data can provide meaningful insights on the price movements of the underlying security. We look at how specific data points pertaining to options market can be used to predict future direction. Typically a trading dataset will provide information about trades that are made over the course of the day
By analysing the information provided in the option chain, traders can identify potential trading opportunities and make informed decisions about buying or selling options contracts. Option chains are used by traders to analyse and evaluate the market's expectations of an asset's future price movements.
PCR Trading Option A Advance Guide However, no PCR can be considered ideal, but usually, a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR more than 1 is usually considered as a strong bearish sentiment.
One way to calculate PCR is by dividing the number of open interest in a Put contract by the number of open interest in Call option at the same strike price and expiry date on any given day. It can also be calculated by dividing put trading volume by call trading volume on a given day.
Banknifty looking weakHi,
Please do check out the chart analysis of Banknifty for the coming week.
Do let me know your views on the same.
Thanks.
BN is gearing for a up move soonBN is looking for a bounce till 50800 to 50900 levels. As seen from the chart. closing below 50300 will negate this.
1:3 RR
Please note this is not a trading advice.
bank nifty crucial update edu pur.bank nifty eyes on neckline 49800 if stya blw or close blw 2 days +weekly close than expect dwn 46500-46000++++ where hurdel 51111 stya abv than short term change move yes close watch this lvl
BANK NIFTY STRANGLE 27 NOVSELL 48000 PE AT 48 AND 53000Call at 22
Total premium 70
General tic of strangle apply, hedge by buying respective legs or put SL at 2.5 x of buying
