[INTRADAY] #BANKNIFTY PE & CE Levels(18/12/2024)Today will be gap down opening expected in banknifty. After opening it will take support at the level of 52550. Expected reversal from this level. Upside 52950-53000 zone will act as a resistance for banknifty. Below 52450 level strong downside rally expected in banknifty upto 52050 level.
Banknfity
HDFCBANK HDFCBANK - The stock has a bearish wave downwards and could continue to further lower levels. A consolidation below the trendline is a possibility. However, the moves are quite strong when in wave 3.
This idea is based on the Elliott Wave theory. Manage your own trade/Investment with proper risk management.
BANKNIFTY ANALYSIS FOR MONDAY 29TH MAY- FOR EDUCATION PURPOSEIf bank nifty sustain the level of 44050 and spend time and break 44150, then 44200-44250-44300
If bank nifty break down of 44050 spend time and break down 43950, then bank nifty 43850-43750-43650
This video is for educational purpose and my personal view .
Kindly take the trade according to your risk and reward position and consulting your advisor.
We are not SEBI registered advisor. We only share our practical experience as trader.
Bank nifty trade plan for 22/05/2023 As discussed in last post, BN trading below ATH, therefore it will consolidate below resistance if it has to give breakout
Considering the Friday price action, price opens gap up comes down and close back to near or above opening price, it looks like price have no intention to fall and have follow up
Trade plan can be near to support and resistance only
BANKNIFTY - DAILY TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Bank Nifty Levels & Strategy for 07/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
BANK NIFTY
Bank Nifty continued with it's excellent performance but profit booking brought Bank Nifty back to gap-up opening level. Initially bulls got good chance to earn, later option writers took over and finally profit booking gave chance to bears as well. We need to trade cautiously at higher levels as US dollar index started heating up again. Traders are able to make money who really have good technical knowledge even after taking couple of stop losses. PLEASE REVIEW MY LAST ONE MONTHS CHARTS THEN YOU WILL REALISE THAT BANK NIFTY AS WELL AS NIFTY IS RESPECTING LEVELS REALLY WELL. LEARNING: WORK LEVEL BY LEVEL WITH STRICT SL (STOPLOSS) AND MAXIMISE PROFIT USING TRAILING SL.
BANK NIFTY SCORECARD DATED 06/OCT/2022
BANK NIFTY IS UP BY 173 POINTS
Name Price Previous Day Change % Change
Bank Nifty 39283 39110 172.80 0.44%
India VIX 19.32 19.57 -0.25 -1.30%
OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA
Max OI (Calls) 40000 (Open Interest: 1448900, CE LTP: 207)
Max OI (Puts) 38500 (Open Interest: 1195050, PE LTP: 180.45)
PCR 0.87 (PCR is in bearish zone)
Bank Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Short Buildup
Bank Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Shall we continue to look for buy on dips opportunity at support levels & sell on rise near resistance levels with strict SL?????
Yes, I think so in case we get quality trading setup in either direction. What do you think?
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
BANK NIFTY View - 16 Feb 2022The above levels are to be considered for Intraday.
If price is above the orange, Red, Green Zone can be bullish until the next zone or line.
If price is below the orange, Red, Green Zone can be Bearish until the next zone or line.
If price is near our zones react and make target of next zones or Half of the Zone .
SL should be of zones up or downside line after price action confirmation.
If zone to zones levels is long, make it half for scalping trade. as per price action
In between the zone, no trading zone.
Banknifty Intraday Levels for 12 Jan 2022The above levels are to be considered for Intraday trading. Levels shared on the upside and downside is to counter the gap up or gap down openings of market.
If above the green zone, can be bullish until the next intraday resistance.
If below the green zone, can be bearish until the next intraday support.
In between the green zone, no trading zone.
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Banknifty - time to go longBanknifty had support at 23800 at spot prices. Which was maintained in the fall on Monday - October 26.
Even when Nifty broke below the support of 11780750, Banknifty rebounded from its support.
Today also the support was maintained and the rebound was strong.
It's now entering in the bullish zone. And near term target is 25000-25200
Bank Nifty Trading Strategy for 12th Oct'2020#banknifty Last 70 trading hours have moved 3499 points.
FII:- Sell 39.39 Cr& DII 126.61 Cr buy today on 9th Oct'2020.
The India VIX (volatility index) Up by 11% this week.
Technically, all indicators, PA across all time frame is in plus, which is a sign of caution.
The last 2 days I have been posting short, didn't work never did the short got triggered as all the shorts were below 23065 levels.
The last point where the rally can be stopped is at 24,051 - 24,199, it crosses it, then 25K is on the card might be on Monday itself.
Being a trader, I will always look for an opportunity for a better return than being right on my chart.
For me, RRR is in favor of short as compared to long, but will short below the decision zone and will cut off my position above the decision zone, very bare min risk to trade with.
I will post my chart URL which I use for intraday trading in the comment section, you are open to the URL and see my chain in realtime and can see how I use price action to trade, this will be a great learning opportunity for all of you.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.