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BANKNIFTY INDEX FUTURES

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BANKNIFTY1! trade ideas

What a professional trader think. ?For every trade we have a reason, when the trade works, we naturally think our reason was right but here is a catch, there is no way to determine the intentions of all traders. Yet the typical trader executes his methodology as if he is being told what those intentions are the professionals does not. Disconnect any reason from the results of a trade because it is impossible to get an exact reason why the trade worked or failed. Many will disagree with me on this but believe me there are traders (Mota Bhais) even a single order from them can drag a shooting price down back to floor or even hell, and they to do it occasionally. Just see the past charts you will get what I am trying to say. Prices are random guys, yes believe me or not it applies to every trade you take. Let me ask you a question. What trading skills required to experience a winning trade.? - Do you need an edge.? - Do you need a plan.? - Do you need the discipline to execute the plan.? - Do you need a good reason to enter a trade.? Answer: Nothing just a click of your mouse, yes that's it. but what if you want it to make your consistent source of income.? Now here comes the difference only few traders get those correct belief system which keep them above others. Pro trader belief 1) On a random outcome, I do not have to know what is going to happen next. 2) There is a random distribution between wins and losses. 3) There is no point to find a reason why price movement happened, it is the task of media let them take care of that. 4) There is no connection of my last trade to the current one, so it is very foolish to trade for loss recovery. There is nothing like loss recovery, every trade is unique. 5) On a particular trade I can fail or win but I have to think with a large number of trades, on overall profitability, over a long term. 6) My work is to execute the plan with full efficiency rest is not in my hand. 7) I do not predict price move it is not my task I focus on process. Nobody wants to Chang the way they think. I am also not telling you to make a v curve you just need to adjust something within, and everything get sorted by itself. Thanks for reading this out.
NSE:BANKNIFTY1!Education
by TRADEWITHFUN247
4
Banknifty Future Intraday analysisBanknifty fell 1100+ points which are 2.61% fall on the index. I published an analysis on the morning of January 25th where I had sketched all the important level. Analysis was provided on 15-12-2022. See how Banknifty respects our analysis. = The ability to act on such knowledge will separate an average trader from an exceptional one. You should always view the market as a BULL and as a BEAR. Banknifty is oversold on the one-hour chart. Determine the level of short covering, Finding false profit booking levels, break-out levels, the entire day's trend and range, entry and exit points, and unique support and resistance much in advance will help traders avoid falling into a trap. Join our course to learn this art. Today's Bank Nifty Index may open flat near 42760 and may attempt toward 42879. Here, keep an eye on whether BankNifty maintains its position above 42879, since only a breakout pattern would be able to drive Bank Nifty in the direction of 42050. Be cautious since they are fictitious levels. If Bank Nifty is unable to maintain above 41760, it can easily go toward 41500 and 41370. Therefore, be prepared for a swing market and wait for an entry technical pattern before trading; else, stay away. If Banknifty break previous day low, free fall is expecting. If Banknifty took support here then it may bounce towards the upper daily trendline.
NSE:BANKNIFTY1!Short
by biplab86
WEEKLY 23-1-2023Banknifty is in uptrend, its Montly and weekly RSI is 64 and almost 60 respectively. Daily RSI taking support @ 40. Its a good buy for swing and positional view. Major support near 41800- 42000 and specific SL below 41635. Banknifty is trading in a long channel and is currently at lower end of the channel. Further for last 3 weeks its is within a range and is not moving in any direction. I can sense a big move ahead. Finance nifty is similar to Bank nifty and its major support levels are 18550 - 18600 and SL below 18500 levels Stocks to watch for positional view MINDACORP (breakout of triangle on weekly chart) Strict SL below 210 and TGT can be 256-268 INDIGO (Breakout abv 2070) SL below 2030 and TGT can be 2271 Godrejconsumer (Breakout of Ascending Triangle on weekly chart) SL below 900 and TGT can be 955-970 Stocks for Swing are SIEMENS SL Below 3000 tgt 3240-3320 SBIN SL below 575 TGT 610- 628 HAL SL below 2430 TGT 2564 - 2620 Previous Week Positions. LT -- TGT achieved mphasis stoploss triggered ABCAPITAL --- still open TGT 170+ SL below 138 TATACOMM ---- Still Open TGT 1460 SL below 1310 Please seek professional advise before investing. The views expressed are personal opinion of author for his study purpose (records) only and author is not a professional advisor on the subject. Author shall not be personally responsible for loss / discrepancies if any arising out of the above report
NSE:BANKNIFTY1!
by rajivrajeev
Long Short Banknifty Prediction for 23 January 2023 MONDAY!Banknifty was gap as I predicted in my previous analysis also the trend went side ways. For Monday Banknifty will gap up as the major banks went sideways and there was a sign of reversal from negative market. Banknifty was dragged by Nifty negative movement (Adani FPO News). Market will be volatile as there will be no one side movement. Please book your profit before trend changes. There is a chance for little correction in the next week. So hopefully this expiry market will stay on a positive Long.
NSE:BANKNIFTY1!Long
by Shubham_Saxena_TradeKing
weekly 16-01-2023Bank nifty is moving in a long channel and is taking support at lower end of the channel. Bank nifty Monthly and weekly RSI is above 60 which is bullish and daily at 46 and is a clear case of GFS major support near 42000-41700 NIfty IT forming reverse Head and shoulder on daily chart and weekly taking support at 20DMA i.e. 28630 very good Risk Reward for long term prospective Nifty metal - breakout abv resistance on weekly further weekly / monthly RSI is above 60 strong momentum stocks to watch LARSEN TURBO : GFS buy near 2100 SL 2080 Tgt 2240 + PFC : GFS buy near 143 sl below 140 tgt 160 MPHASIS : forming bottom good buy near 2000 sl below 1970 tgt 2170 - 2433 INDIGO : GFS : breakout on daily buy near 2080 sl 2030 tgt all time high good momentum Tata comm : GFS buy near 1360-1370 stop loss below 1310 tgt 1460 and 1500 (positional) ABCAPITAL : forming flag pattern on weekly chart + consolidating after break out of cup pattern on weekly : buy near 142 Stop loss below 138 tgt 170 + Please seek professional advise before investing. The views expressed are personal opinion of author for his study purpose (records) only and author is not a professional advisor on the subject. Author shall not be personally responsible for loss / discrepancies if any arising out of the above report
NSE:BANKNIFTY1!Long
by rajivrajeev
1
Banknifty prediction for the tomorrow-expiry jackpotEXPIRY DHMAKA. NOW TRADE LIKE EXPERTS Tomorrow is expiry.. Watch the Banknifty forecast for tomorrow if you want to make a significant profit. If Banknifty open flat positive above 42610, then you may buy BNF or ATM put sell or ITM call buy along with OTM call sell. Target 42700,42775-790. If it breaks and sustained above that then you can re-enter for the target of  43000. If the banknifty future drops below 42425, the next two targets are 42234 and 42100. Bank Nifty With the liquidation of 1.1 lakh contracts, Jan Future Open Interest Volume stands at 20.2 lakh, and a spike in Cost of Carry suggests that long positions were closed today. Closed below Bank Nifty Rollover Cost @42890 and Rollover% @80.4 For the trend to change, Bank Nifty Bulls must hold 41861 and close above the 42588-42600 area.
NSE:BANKNIFTY1!
by biplab86