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BANKNIFTY

BankNifty Prediction for Tomorrow : 22 August 2024Bank Nifty Market Prediction for Tomorrow 22 August 2024 Bank Nifty Today's Market Update -Market went sideways. -It respected and took a support exactly on the Risological dotted Trendline and bounced back. -I am still holding my CE position -If the market takes a gap down tomorrow morning and closes below the Risological dotted line (50,447), I will consider PE side buying. SUPPORT: 50,447 RESISTANCE: 50,751 - 51,429 - 52,107 - 52,526
NSE:BANKNIFTYLong
by ProfitsNinja
BANKNIFTY Podcast 21 Aug 2024Totally two trades taken. First was based on Gap Up/Down Strategy, it didn't hit the 1:1 target, however I noticed another podcast trade and entered with the same PE and closed both the trades. Notes: - Since today was expiry of BankNifty, if Credit Spread was taken on the first trade itself, the profits would've been achieved even if it didn't the 1:1 Target - After the second trade, there was another trade which was being setup, but since the OI data was negative, so didn't give much attention. Although based on the setup, I could've taken with 50% risk with Credit Spread ;)
NSE:BANKNIFTYShort
by gupshupblog
[INTRADAY] #BANKNIFTY PE & CE Levels(21/08/2024)🔔 Bank Nifty Update for Today’s Expiry Session: 📈 Gap-Up Opening Expected: Expected Opening Level: Near 51000 Key Level: 51050 Potential Upside Target: 51450+ Today, Bank Nifty is anticipated to open with a gap up near the 51000 level. If the index sustains above this level after opening and starts trading above 51050, we could see a strong upside rally of 400-500 points, potentially reaching up to 51450+ during today’s expiry session. 📉 Watch for Downside Risks: Critical Reversal Level: 50950 Support Level: 50550 Major Downside Level: 50450 However, if Bank Nifty fails to sustain above 51000 and shows signs of reversal around 50950, downside movement is possible. The 50550 level will act as support for today’s session, with a major downside expected only if the index breaks and starts trading below 50450.
NSE:BANKNIFTY
by TradZoo
BANK NIFTY INTRADAY LEVELS 21/08/2024BUY ABOVE - 50740 SL - 50600 TARGETS - 50890,51070,51300 SELL BELOW - 50600 SL - 50740 TARGETS - 50420,50250,50100 NO TRADE ZONE - 50600 to 50740 Previous Day High - 51020 Previous Day Low - 50420 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
BANKNIFTY Prediction Tomorrow 21 August 2024BANK NIFTY Prediction for tomorrow the 21 August 2024 After getting a clear entry in BankNifty on 16 August at 50,322 using the Risological Swing Trading indicator, BankNifty met the first profit target today at 50,751 Total lots purchased - 5 lots Lots closed at target 1 : 1 lot closed The Risological dotted trendline is sitting at exact entry point. This means, if there is a surprise reversal, and the price closes below the Risological trend line, we will close the entire CE position and look for PE buy positions. If the price continues in the CE direction the profit targets are marked in the chart for your reference. Consider these as your key resistance areas as well. How was your day? Share your views.
NSE:BANKNIFTYLong
by ProfitsNinja
BANK NIFTY INTRADAY LEVELS FOR 20/08/2024BUY ABOVE - 50420 SL - 50250 TARGETS - 50600,50800,50940 SELL BELOW - 50250 SL - 50420 TARGETS - 50100,49880,49700 NO TRADE ZONE - 50250 to 50420 Previous Day High - 50800 Previous Day Low - 50250 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
[INTRADAY] #BANKNIFTY PE & CE Levels(19/08/2024)🔔 Bank Nifty Update for Today: 📈 Gap-Up Opening Expected: Key Level: 50550 Potential Upside Target: 51000 If Bank Nifty sustains above the 50550 level after the opening, we could witness a strong upward rally, potentially pushing the index towards the 51000 mark. This scenario indicates bullish momentum and a chance for further gains. 📉 Watch for Downside: Critical Level: 50450 Possible Downfall Range: 400-500 points However, if Bank Nifty fails to hold the 50550 level and starts trading below 50450, a downside move may be imminent. In this case, we could see a significant drop, with the index potentially declining by 400 to 500 points.
NSE:BANKNIFTY
by TradZoo
1
BANK NIFTY INTRADAY LEVELS FOR 19 AUG 2024BUY ABOVE - 50600 SL - 50420 TARGETS - 50800,50940,51120 SELL BELOW - 50420 SL - 50600 TARGETS - 50250,50100,49880 NO TRADE ZONE - 50420 to 50600 Previous Day High - 50600 Previous Day Low - 49880 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
Bank Nifty Prediction for Tomorrow 19 Aug 2024Bank Nifty at 15m Time frame chart for Swing Traders The Risological Swing Trader indicator gave us a CE buy signal on 16 Aug at 22,922 level. It looks like the CE (bullish sentiment) will continue on Monday the 19 Aug 2024 as well. Price closing below the 22,900 level will invalidate the CE position and we will look at fresh PE position. Stop loss is at 22,750 in case of sudden volatility. Bank Nifty at 5m Time frame for Intraday traders All the best and happy trading!
NSE:FINNIFTY1!Long
by ProfitsNinja
BANK NIFTY INTRADAY LEVELS FOR 16/08/2024BUY ABOVE - 49880 SL - 49700 TARGETS - 50100,50250,50420 SELL BELOW - 49700 SL - 49880 TARGETS - 49530,49290,49050 NO TRADE ZONE - 49700 to 49880 Previous Day High - 49880 Previous Day Low - 49700 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
2
ViewHello, Traders. It's been a while since my last post. A lot has changed in my life: I received a promotion, got married, and traveled extensively across India, as well as to one international destination. While I kept an eye on the markets, I wasn't actively trading for the past year and a half. However, I'm back in action now, having resumed active trading over the last four months. I plan to share my insights whenever I anticipate market movements. Here’s my perspective for tomorrow. The markets have undergone significant changes in recent years, so it's essential to be cautious with your position sizes. The volatility is high, and algorithmic trading is prevalent, leading to unexpected spikes almost daily. In the past six trading sessions, the markets have been stagnant, often trapping traders with false breakouts in both directions. I believe we are due for a significant move of at least 500 to 600 points in one direction. You can consider going long if a 30-minute candle closes above 50792.90, with the first target set at 51133 and the second at the yellow trendline. Make sure to hold on for at least 350 points on the index before booking profits. You can opt for futures or purchase the 14 Aug 50700 CE, though I recommend futures since expiration is just a day away. It’s also advisable to short the 50700 PE and 50800 PE, keeping a stop-loss at 50% of the premium paid on the call side. If the premium on the 50700 CE reaches 50%, set a stop-loss on the futures. Given the market's volatility, it's best to tread carefully on the downside.
NSE:BANKNIFTY
by vivekz_142