Hii Traders 😊 ,
Welcome to BANKNIFTY Futures and options analysis for friday
◽ Banknifty weekly pivot is at 37500
◽And monthly pivot is at 37326 ,( intraday levels were explained below I hope that it will help a lot , do like ,share , follow for more ... )
🛑 if we see day frame chart of BANKNIFTY currnetly trading above 21Day , 50 Day , 100 Day moving averages
🛑 Taking support at 21Day MA and good thing is closed above the 21DMA
🎯 Key levels to watch out for day trader
🛑 Major resistance zone for BankNifty is at 37850-37900
◽ If market breakout resistance then we can see Target of 38150
◽ Whenever until breakout that resistance level don't trade
◽ Stop loss will be 37750
◽If gap down or slight gap up happens then 37790-37820 will be resistance zone
🛑 Major support level for BankNifty
◽ Support level for nifty lies at 37200-37100 (which day pivot control region)
◽ Whenever until breakdown this level don't take a trade
◽ if Market successfully breakdown this level then we can take a trade
◽ And we can see the Target 1 will be 36900
◽STOP loss will be 37300
◽ Market will be indecisive between 37300-37900
🛑levels for banknifty futures will be also same
◽Go long on banknifty Futures if it breakout the resistance ie. 37950-38050
◽ Don't short the market until below the 37300
Don't take a trade if market open above or below our levels bcz market don't like gaps let the market to consolidate first and then take a trade
🛑 TRADESHOTS
◽ Resistance level for CE buyers /option buyers is at 37850-37900
◽ support zone to buy PUT / PE is at 37200-37100
◽ BankNifty will be weaker below the 37500
◽ Banknifty weekly pivot is at 37500
◽And monthly pivot is at 37328
Thanks for reading 😊
I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊
Welcome to BANKNIFTY Futures and options analysis for friday
◽ Banknifty weekly pivot is at 37500
◽And monthly pivot is at 37326 ,( intraday levels were explained below I hope that it will help a lot , do like ,share , follow for more ... )
🛑 if we see day frame chart of BANKNIFTY currnetly trading above 21Day , 50 Day , 100 Day moving averages
🛑 Taking support at 21Day MA and good thing is closed above the 21DMA
🎯 Key levels to watch out for day trader
🛑 Major resistance zone for BankNifty is at 37850-37900
◽ If market breakout resistance then we can see Target of 38150
◽ Whenever until breakout that resistance level don't trade
◽ Stop loss will be 37750
◽If gap down or slight gap up happens then 37790-37820 will be resistance zone
🛑 Major support level for BankNifty
◽ Support level for nifty lies at 37200-37100 (which day pivot control region)
◽ Whenever until breakdown this level don't take a trade
◽ if Market successfully breakdown this level then we can take a trade
◽ And we can see the Target 1 will be 36900
◽STOP loss will be 37300
◽ Market will be indecisive between 37300-37900
🛑levels for banknifty futures will be also same
◽Go long on banknifty Futures if it breakout the resistance ie. 37950-38050
◽ Don't short the market until below the 37300
Don't take a trade if market open above or below our levels bcz market don't like gaps let the market to consolidate first and then take a trade
🛑 TRADESHOTS
◽ Resistance level for CE buyers /option buyers is at 37850-37900
◽ support zone to buy PUT / PE is at 37200-37100
◽ BankNifty will be weaker below the 37500
◽ Banknifty weekly pivot is at 37500
◽And monthly pivot is at 37328
Thanks for reading 😊
I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊
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.
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.