Bank Nifty Spot Chart Analysis for Tomorrow 6 Feb., 2024 📊 Bank Nifty Spot Analysis - Daily Chart 📈
Day Range: 433.5 Points
📈 Buy Levels:
Buy at 45883 🎯 Target 1: 46093.45 🎯 Target 2: 46259.05
Add one lot at 45831.85
Buyer Stop Loss: 45750.7
📉 Sell Levels:
Sell at 45780.7 🎯 Target 1: 45557.65 🎯 Target 2: 45392.05
Seller Stop Loss: 45913
🔍 Analysis:
The Bank Nifty spot chart displays a day range of 433.5 points. Initiate a buy position at 45883 with targets at 46093.45 and 46259.05. Add an additional lot at 45831.85 to optimize potential gains, and set the buyer stop loss at 45750.7. For selling, execute a trade at 45780.7 with targets at 45557.65 and 45392.05, and maintain the seller stop loss at 45913.
📅 Stay Informed:
Keep abreast of Bank Nifty movements to align your trading strategies with the provided levels for potential profits.
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BANKNIFTY1! trade ideas
Bank Nifty strangle 7th feburaryBank nifty has been really volatile lately and VIX has been crossing 15 more than once, the range of bank nifty even with such volatility is a clear 2500 points , and I am using the good VIX rise to trade both legs selling both calls and puts
Here for the 7th Feburary expiry, i have traded this strangle 47300 CE at 19 and 44200 PE at 18.
Expecting both to be zero
Please note this is a naked sell and i prefer not to carry over night. Trade accordingly
BNF observational patternObservational pattern shown by vertical lines.
Register the observation.
Whenever such pattern is observed bearish strategy can be adopted irrespective of mtm.
Negative Divergence on RSI.
RSI exiting overbought zone.
RSI below its average.
MACD turns down below it average.
For near term retracement of the last corresponding rise.
Bank Nifty January StrangleLooking at the range of Bank Nifty I have taken the following trade
Sold : 51500 Call at 15.75 and 45000 Put at 30
Put qty is half of the call quantity
hopefully both will be zero
Please note this is a naked sell and profit is limited but loss can be unlimited, if one wants to define the risk and profit, cordon this off with respective option buy.
Profit booked or still holding?I hope as per our analysis both nifty and banknifty fall good, Banknifty fall 2000 in a single day and nifty 400 points if we add todays market its gone 2500 points banknifty & 700 plus in Nifty.
those who follow me last days they booked good profit in market.
please comment if its really helps you.
Note : All the given idea are as per my view kindly invest wisely.
Bank Nifty - How to trade?
Price Levels for today have been mentioned on the chart for Bank Nifty. Please trade between 10:30 and 2:56 p.m. only. Buy only above high of 10:30 candle.
Note : Your trading view time to be set at UTC +5:30 time setting.
Still have a question? Please write to me in the comments. I am duty bound to answer all your valid questions. This is the only way we can learn and grow.
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.
Bank Nifty Future for 8 DecRange between (48450-48375) Between the red box market will be consolidate . Here at 48371 good volume was traded at Friday. So here all bull and bear are present.
Intraday resistance 1: 48413
Intraday Support 1: 48203
Intraday target resistance 1: 48605
Intraday target Support 1: 48000
Bank 🏦nifty distribution 💫💫💫Looking this charts we can clear cut seen that upside is very limited
As per short term traders there is very limited upside
Last five days move is very tight range consolidation
I'm looking for Shortsell with tight stoploss of ath as per r:r
*spinning top candle
*rsi triple top
* earning season profit booking
Bank Nifty - How to trade today?
Bank Nifty seems to be turning bullish. Yesterday's candle was not broken which was pivotal in nature. So, will remain bullish in January, unless this candle is broken. But, watch today's candle of 11:33 p.m. very carefully because its Friday and new levels will be framed.
I am duty bound to answer all your questions.
Your trading view time to be set at UTC +5:30 time setting.
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.
Bank Nifty - How to trade today
Bank Nifty option lovers have a smile; starting from today a new series for the index. Time candle mentioned is very important.
Yesterday's candle was 1-3-24 3:13 PM and today's candle is 1-4-24 1:23 PM
So long price trades above yesterday's candle sell PE and Buy CE of the CMP and exit PE and sell CE if price trades below today's candle.
Price levels have been marked on the chart.
Note : Your trading view time to be set at UTC +5:30 time setting.
Still have a question? Please write to me in the comments. I am duty bound to answer all your valid questions. This is the only way we can learn and grow.
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.