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Nifty Bank Index
Long

BANKNIFTY : Trading levels and plan for 19-Feb-2025

100

🔹 Key Levels for the Day:
📈 Resistance Zone: 49,208 - 49,659
📉 Support Zone: 48,918 - 48,600
🔄 Profit Booking Zone: 49,579 - 49,659

📍 Scenario 1: Gap-Up Opening (200+ points)

If BANKNIFTY opens with a gap-up above 49,208, we need to observe whether it sustains above this level.

  1. [] If it holds above 49,208, we can expect an upside movement towards 49,579 - 49,659 (profit booking zone).
    [] A breakout above 49,659 can take it towards 50,001, but with caution as profit booking may occur.
  2. In case of rejection from 49,659, look for a shorting opportunity back towards 49,208.


🔹 Trade Plan: Buy on dips near 49,208 with SL below 49,100 for a target of 49,579. If rejected from 49,659, initiate a short trade with SL above 49,700.



📍 Scenario 2: Flat Opening (Within 49,039 - 49,208)

  1. [] If BANKNIFTY consolidates between 49,039 - 49,208, wait for a decisive breakout.
    [] A breakout above 49,208 can push prices towards 49,579.
  2. A breakdown below 49,039 will lead to a decline towards 48,918 - 48,600.


🔹 Trade Plan: Buy on breakout of 49,208 with SL below 49,100 for targets of 49,579+. If it breaks below 49,039, go short with SL above 49,100 for a target of 48,918.



📍 Scenario 3: Gap-Down Opening (200+ points below 48,918)

  1. [] If BANKNIFTY opens below 48,918, we need to see if it finds support near 48,600 (last intraday support).
    [] A bounce from 48,600 can lead to a recovery towards 48,918.
  2. If 48,600 breaks, expect further downside towards 48,400-48,300.


🔹 Trade Plan: Look for a buying opportunity near 48,600 with SL below 48,500 for a potential bounce towards 48,918. If 48,600 breaks, short for a target of 48,400-48,300.



💡 Risk Management Tips for Options Trading 💡

✅ Always maintain a proper stop-loss (SL) to manage risk.
✅ Avoid buying deep OTM options unless you have a high conviction breakout.
✅ For intraday trading, focus on ATM or slightly ITM options for better risk-reward.
✅ If volatility is high, switch to spreads like Bull Call Spread or Bear Put Spread to reduce risk.
✅ Book partial profits as levels are achieved to lock in gains.

🔎 Summary & Conclusion

📌 Upside movement expected above 49,208 targeting 49,579-49,659. A rejection here can push prices lower.
📌 Breakdown below 49,039 can take it towards 48,918, with 48,600 being a critical support.
📌 Risk management is key—stick to your stop-loss!



⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please trade at your own risk. 📊📉📈
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BANKNIFTYbankniftyanalysisbankniftyintradaytradesetupbankniftyoptionsbankniftypredictionbankniftytradesetupbankniftytradingbankniftytrendbankniftyviewChart PatternsTrend AnalysisWave Analysis
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Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.