Discussions

BANKNIFTY INDEX FUTURES discussion

2 days ago

Banknifty heading for a 700 points fall further from these levels !
DONT STAY IN Long !!

Sep 13

Hello Everyone 👋

Bank Nifty Index Futures (BANKNIFTY1!) on a 4-hour timeframe

Support Levels:
51,000: This level has shown strong support in recent sessions.
50,650: Another significant support level where buying interest has been observed.
Resistance Levels:
51,470: If the price breaks above this level, it could target higher resistance levels.
51,800: This is a crucial resistance level to watch for potential breakouts

Sep 9

Bank Nifty levels:

51,417

Equity Pandit predicts that Bank Nifty will be considered bearish if it trades below 51,417 levels.

46,213

According to a TradingView analysis, if Bank Nifty travels above 45,969, it may reach its full target of 46,213.

45,785

According to a TradingView analysis, 45,785 is an important level. If the price remains above it and crosses standard deviation 2, it may go much higher.

Sep 6

Support and Resistance Levels: Identify recent highs and lows to determine where the price might encounter resistance or find support. These are crucial for predicting potential reversals or breakouts.

Trendlines: Draw trendlines to visualize the current trend direction. Trendlines can help you spot trend continuation or reversal patterns.

Sep 6

Risky Traders:

Buy BANKNIFTY 51100 CALL 18SEP24 Stop Loss 540-536.10(Trig) Stop Loss 470 Target 625+

Aug 12

- This week in India, several important economic events are scheduled that could impact BankNifty and Nifty:

1. **Monday, August 12, 2024**:
- **Industrial Production YoY**: The year-over-year industrial production data will be released, with the previous figure at 5.9%[1].
- **Inflation Rate YoY**: The inflation rate for the year will be announced, with the previous rate at 5.08%[1].
- **Manufacturing Production YoY**: Manufacturing production data will also be released, with the previous figure at 4.6%[1].

2. **Wednesday, August 14, 2024**:
- **WPI (Wholesale Price Index) Inflation YoY**: This includes the WPI Food Index, WPI Fuel, and WPI Manufacturing data[1].

3. **Thursday, August 15, 2024**:
- **Balance of Trade**: Trade balance figures will be released, with previous data showing a trade deficit of $21 billion[1].

These events are significant as they provide insights into the economic health of India, influencing market sentiment and potential policy responses.

Citations:
[1] tradingeconomics.com/india/calendar
[2] moneycontrol.com/economic-calendar
[3] in.investing.com/economic-calendar/
[4] www2.deloitte.com/us/en/insights/economy/asia-pacific/india-economic-outlook.html
[5] conferencealerts.co.in/india/economics
[6] zerodha.com/markets/calendar/
[7] pib.gov.in/PressReleasePage.aspx?PRID=2034973