Bullish Nifty So if you you look so there is again trend might be change now if you you get any chance take take trade on these level so take acc to your ROI
BANKNIFTY1! trade ideas
BNF support broken. 47000 possible support Bnf broke the support and closed below forming a big red candle. Now the most likely place of support is 47450 and 47000 where the market can take support. Get ready for a few more down points.
Banknifty | Volatile | bullish 22 Mar Bank nifty has taken good support near 46000. For tomorrow, ideal set will be if it touches 46500 and bounces back. this will be the best place to initiate longs for a 500-1000 points upmove. levels are marked within chart. BNF is respecting the channel so far, a great pattern coming in handy so nicely for such a long time.
As per indicators, it's turning bullish today. hence expecting a good up move soon (next week). will be shorting puts on levels.
already in profits in 46500 PEs, will offload them close to 47000
Bank Nifty 8May strangleSell 47800 Put @ 39 and 50100 Cal @28 for a collective premium of 67.
Looking at inda Vix at 16, i feel there is going to be a huge drop in IV also.
Please note this is a naked sell, to secure it with defined loss, take counter buy positions on both legs, e.f 50500 call and 47500 Put
Banknifty sell on rise we will see 48400-48300On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Banknifty exactly take support at daily trend lineBankNifty found support precisely at the daily trend line, demonstrating the significance of price action. The decline in BankNifty was attributed to chart patterns rather than any impact from the Israel-Iran conflict.
Bank Nifty - How to trade today
Please read the notes as mentioned on the chart.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
The Nifty Bank index can slide to 47,000 - 46,200 levelsThe Nifty Bank Index, currently trading at 47,773.25, is exhibiting a near-term downtrend on the charts. Support levels are anticipated around 47,000 and 46,200, suggesting potential areas where selling pressure could subside temporarily.
Given this scenario, the recommended trading strategy would be to sell on rallies. The indication of a negative trend is further supported by the MACD indicator, which is trending downwards. This adds credence to the bearish outlook for the near term, signaling that downward momentum may persist.
Traders should closely monitor price movements and consider initiating short positions or selling opportunities as the index rallies. However, it's essential to exercise caution and implement risk management strategies, such as setting stop-loss orders, to mitigate potential losses in case of unexpected market movements.
The prevailing trend and technical indicators, traders can position themselves advantageously to capitalize on potential downward movements in the Nifty Bank Index while managing risk effectively.
BankNifty to touch 50000!.When?48800 remains a strong resistance and the attempt to break has failed multiple times. The market is likely to make one more attempt to touch 50K before returning to 46000
Weekly Support: 47900 => 46650
Weekly Resistance: 48900
Trend: May Reverse to Bearish
Strangles on April's second week and above contracts are better option strategies
Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
By Sathish Kavinchal
SEBI Registered Research Analyst
INH200007539
Bank Nifty- How to trade today and time candle
I forgot to give time candle on other stocks, please note the candle mentioned on the chart for all the Indian stocks today. Duration to trade today is
4-10-24 9:59 AM to
4-10-24 2:26 PM
Means, if any price of any stock/index is above high of 9:59 candle then buy and keep position till low of 2:26 candle otherwise go in the reverse direction.
Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. I will not be responsible for any of your profits or losses. Please consult your financial advisor before making any decision.
Thank you
banknifty at triangle breakout my view on upper sidewe seen there is triangle formation in banknifty which can give the tgt aprox 50k to 53k as shown in graph
Bank Nifty = How to trade tomorrow
Please read the notes as mentioned on the notes and corresponding geometric presentation.
Disclaimer:
I am not a SEBI registered analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be liable for any of your profits or losses.
Banknifty futures forming 🦇 pattern Let's wait for the entry. This is for educational purposes only.
Bank nifty (15 mins chart) 3 Wave pattern, chances are in the morning to breakout & touch upside.
whether can sustain or not is the question , depends on overall market situation
Banknifty | Bearish Bank nifty is moving within an upward channel. Coupled with and news and down momentum, it's giving multiple short opportunities.
As per Bulls eye indicator, it's in bearish territory, good to keep booking profits and wait for turn around along with sentiment.
Banknifty CycleAs you can see in this chart that banknifty is following this pattern from last three time.
Based on formation there is a reversal candle formed near important support area.
bank nifty strangleShorted 45500 put and 47300 call for a combined premium of 110 Rs for 20th expiry.
Please note this is a naked sell with 78 % possibility of profit the same can be checked on Opstra, however a gap opening can change the dynamics, so take positions with hedge or keep sufficient margins to make adjustments
47300 sold at 72
45500 sold at 29
Bank nifty future Price Action.Bank nifty forms H&S pattern. As per chart 47370-47730 is major resistance range.
If bank nifty come in this range it can short for 46730 intermediate target. It may also test 46100 to complete this chart pattern and fill previous gap show in chart.
