BANKNIFTY levels for expirey Day 🎯
Hi traders 😊
I have that you doing well
🛑 I was analysed BANKNIFTY levels for intraday trading for 22nd SEP and market stayed in between that range only and it is indecisive region for option buyers and option sellers get benefited from that ( If want to check whether right or wrong go and scroll down mine profile u will get to know I'm right or worng ) okay let's move on ..
🛑 If get into 15 mins time frame chart
◽we can clearly see that it's trying to breakout resistance level of 37350-37400 region
◽And bounce back from 36900-36850 support zone (this what I'm told in pre market analysis for 22nd SEP )
🛑 Intraday volatility is comparatively low ie. About only 0.59% which means it helped lot to option sellers ( if want know in detail about check out mine last post I clearly explained in it )
🎯Key levels to watch out for 23rd SEP ie. Weekly expirey
🛑 Crucial resistance zone for Bank Nifty is 37350-37400 zone
◽If it is breakout successfully then initiate trade (BUY CE) with stoploss of 37250
◽ Target 1 ie. 37700
◽Target 2 ie.38000
◽ If wanted to achieve 2nd target then use Trailing stoploss as 1st target (I'm sure u will not gonna loose money for market)
🛑 crucial support zone for Bank Nifty is at 36900-36850
◽If it it breakdown successfully then initiate trade (BUY PE) with stoploss 37050
◽Target 1 ie. 36550
◽ Target 2 ie. 36150
◽ If wanted achieve 2nd target then use Trailing stoploss as T1
Summary
➡️ Resistance zone BUY CE Only above 37350-37400
➡️ Support zone BUY PE only below 36900-36850
➡️Bank Nifty Will be weaker below the 37160 that is pivot point control region
🛑RULE No. 1 Never loose money to market
🛑Give rating for mine analysis and it motivates me to do more better
Thanks for reading I hope that it will help a lot
If there is any mistake please let me know I will correct it
And comment your views below
If you like it follow us for more ...
Have a nice day 😊.
I have that you doing well
🛑 I was analysed BANKNIFTY levels for intraday trading for 22nd SEP and market stayed in between that range only and it is indecisive region for option buyers and option sellers get benefited from that ( If want to check whether right or wrong go and scroll down mine profile u will get to know I'm right or worng ) okay let's move on ..
🛑 If get into 15 mins time frame chart
◽we can clearly see that it's trying to breakout resistance level of 37350-37400 region
◽And bounce back from 36900-36850 support zone (this what I'm told in pre market analysis for 22nd SEP )
🛑 Intraday volatility is comparatively low ie. About only 0.59% which means it helped lot to option sellers ( if want know in detail about check out mine last post I clearly explained in it )
🎯Key levels to watch out for 23rd SEP ie. Weekly expirey
🛑 Crucial resistance zone for Bank Nifty is 37350-37400 zone
◽If it is breakout successfully then initiate trade (BUY CE) with stoploss of 37250
◽ Target 1 ie. 37700
◽Target 2 ie.38000
◽ If wanted to achieve 2nd target then use Trailing stoploss as 1st target (I'm sure u will not gonna loose money for market)
🛑 crucial support zone for Bank Nifty is at 36900-36850
◽If it it breakdown successfully then initiate trade (BUY PE) with stoploss 37050
◽Target 1 ie. 36550
◽ Target 2 ie. 36150
◽ If wanted achieve 2nd target then use Trailing stoploss as T1
Summary
➡️ Resistance zone BUY CE Only above 37350-37400
➡️ Support zone BUY PE only below 36900-36850
➡️Bank Nifty Will be weaker below the 37160 that is pivot point control region
🛑RULE No. 1 Never loose money to market
🛑Give rating for mine analysis and it motivates me to do more better
Thanks for reading I hope that it will help a lot
If there is any mistake please let me know I will correct it
And comment your views below
If you like it follow us for 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.