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
BANKNIFTYF2025 trade ideas
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
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.
BNF TRGS Trade as per levels. Tdys high/low imp whichever side breaks expect 700/800 pts move in that direction. Bias down.
banknifty pridiction- 06/11/2024looking for bullish action on banknifty ,follownig these parameters.anything else in chart wait for my another setup.
My view on Bank Nifty Market will be still in range but if the BN break the 51000 level on a hourly basis, it will come down to 50500.
Bank Nifty for next ExpiryBoth Side Movement is possible for bank Nifty. The most important point is that It can move either side . First week is very important for both price and data .
BANKNIFTY BullishAs per Price action and PCR we see its trying to make a double bottom and price may rise till 52000+ in coming days just a view not a reco... levels are marked on chart.
Best buy 50850 to 51140 Zone with a stoploss of 50800 closing basis for a target of 51800 - 52400.
Please do like and comment.
Banknifty intraday trading On saturday approx rally 1200 points so it might me hall for two days
market open gap up and close 52500 15 min candle then i will enter the trade and my sl candle low target is 52746.25
if market open flat if the rejection will come from 52200 i will enter the long trade
IF it open gap down 51880 will be act as support price was broken and it will retested for the First time
Expiry may be done at 52500 to 51500
Daily banknifty DAily is in up trend but it was in the range
and right shoulder is creating untill 53000 to 53200 it may act as resistance
Banknifty Monthly Monthly Banknifty
It is in the range of High (54825.55) to Low (50283.15) If it break up side it will go up .
it will break down side it will go down my point of view i will be in the range of next year feb or march
Bank Nifty possible Level (My view)For this week I am Bullish in Bank Nifty. All important is mentioned. Before taking trade for intraday, I would like to analysis open interest data.
Todays Zone for BankNifty & Nifty .Todays Zones Plotted by AI Quant-X Indicator. Observe price reaction at the zone, wait for consolidation, reversal patterns & Break out/ Break Down . Compare both Spot & Futures. charts
bank Nifty Future LevelMy personal view about Bank Nifty. One side Movement is possible. Bank Nifty will surely come for retest level. After that a small rebounce will be . Then it will come for Accumulation zone .
Bank Nifty Monthly Expiry (Short)Bank Nifty might give some correction due to following technical reason
1)Swing high are shifting and swing low are being tested
2)Triple top/ Double top Formation on 15 min chart
3)Trading below 20 EMA on 15 min
(Note: Author is neither responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
Useful Indicators for Future TradingIn futures trading, choosing the correct indicators can mean the difference between making a profit or a loss.
Indicators are very important as they assist traders in monitoring market conditions and forecasting future price movements.
In this article, we will cover the most useful indicators that are used while trading in the futures market.
What is Futures Trading?
Futures are financial derivatives that obligate parties to buy or sell an underlying asset at a predetermined price and date in the future.
Regardless of the market price at the contract’s expiration, the buyer or seller must transact at the agreed-upon price.
These contracts can involve physical commodities or various financial instruments. Futures contracts are standardized, specifying the asset’s quantity and making trading more straightforward.
They can be utilized for both speculative trading and hedging.
Unlike forward contracts, which are customized and traded over-the-counter (OTC), futures contracts are standardized and have uniform terms for all participants.
This ensures consistency in futures trading, regardless of the counterparties involved.
Best Indicators for Future Trading
Future trading can be enhanced simply by using the correct indicators as part of the trading strategy. In futures trading, here are some of the helpful indicators:
1. Moving Averages (MA)
Moving averages (MA) is an indicator used to filter price data and determine trends by computing average prices over a period.
The simple moving average (SMA) is defined as the average value that takes up certain fixed periods yielding a smooth trendline.
The moving average of the same value where current prices are taken into account primarily compared to historical prices is known as the Exponential moving average (EMA).
These two types also assist in determining the possible points of entry or exit when the average line is crossed by the price.
2. Relative Strength Index (RSI)
RSI is a momentum oscillator that gauges the speed and change of price movements in a market. It ranges from 0 to 100, typically with 70 indicating an overbought condition and 30 signaling an oversold state.
An RSI above 70 suggests that a security may be overvalued and could experience a price pullback, while an RSI below 30 points to a potential undervaluation, signaling a possible price increase.
Traders use RSI to identify potential buy or sell opportunities based on these extreme values, helping to forecast possible trend reversals for futures contracts.
3. MACD (Moving Average Convergence Divergence)
This trend-following momentum indicator illustrates the relationship between two moving averages of a security's price.
The MACD (Moving Average Convergence Divergence) consists of the MACD line, which is the difference between the 12-day and 26-day EMAs, and the signal line, which is the 9-day EMA of the MACD line.
When the MACD line crosses above the signal line, it suggests a potential buy signal, indicating upward momentum.
Conversely, when it crosses below, it may signal a sell opportunity, indicating downward momentum. This indicator assists futures traders in spotting potential trend reversals and uncovering trading opportunities.
4. Bollinger Bands
These consist of a middle band (SMA) and two outer bands that are standard deviations away from the middle band. Prices touching the outer bands may signal overbought or oversold conditions.
The bands expand and contract based on market volatility: wider bands indicate higher volatility, while narrower bands suggest lower volatility.
When prices move outside the bands, it may indicate an upcoming reversal or continuation of the trend.
Traders use Bollinger Bands to identify potential buy or sell opportunities for futures contracts, especially when prices revert to the middle band after touching the outer bands.
5. Fibonacci Retracement
Fibonacci Retracement is a tool that helps identify possible support and resistance levels by applying the Fibonacci sequence.
Traders plot horizontal lines at key Fibonacci levels—23.6%, 38.2%, 50%, 61.8%, and 78.6%—which are derived from the sequence.
These levels are considered crucial as they represent potential reversal points where the price might bounce or reverse direction.
By analyzing how prices react around these levels, traders can make informed predictions about future price movements and adjust their strategies accordingly.
Fibonacci retracement helps in setting target prices and stop-loss levels, enhancing trading decisions.
6. Stochastic Oscillator
The Stochastic Oscillator is a momentum indicator that compares a security's closing price to its price range over a specific period, typically 14 days.
It generates values between 0 and 100, indicating overbought or oversold conditions.
When the Stochastic Oscillator is above 80, it suggests that the security may be overbought, signaling a potential sell opportunity.
On the other hand, values below 20 indicate that the security may be oversold, which could present a buying opportunity.
The indicator helps traders identify potential reversal points by comparing current prices to historical price ranges, making it useful for spotting trends and market momentum while trading in futures.
Conclusion
Using the right tools in future trading can greatly enhance your decision-making and overall success.
Combining different indicators allows you to analyze trends, spot opportunities, and manage risks more effectively. Keep refining your approach and stay adaptable to market changes to achieve the best outcomes.
BANKNIFTY1! // Levels // 4 hour "Welcome to SkyTradingZone "
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
Bank Nifty - Ready for a bull run post correctionBank Nifty created a double bottom at Support and retested the neckline, it has started to move after the correction, target is around 52200 as per double bottom's depth.
*Not an investment advice, only for educational purposes, do your own research before investing*
BANKNIFTY1! // Levels // 2 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
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.
