[INTRADAY] #BANKNIFTY PE & CE Levels(22/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level & this rally can extend another 400 points if market gives breakout 48050 level in todays session.Any Major downside only expected in case banknifty starts trading below 47450 level to 47050 level.
Bankniftyanalsyis
[INTRADAY] #BANKNIFTY PE & CE Levels(16/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level & this rally can can extend another 400 points if market gives breakdown 47450 level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level to 48450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(29/02/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 45950 level then possible downside rally of 400-500 points upto 45550 Level & this rally can extend another 400 points if market gives breakdown 45450 level in todays session.Any Major upside only expected in case banknifty starts trading above 46050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/09/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level.
BANKNIFTY : View for 15th Mar14th March : NIFTY broken major support yesterday and after that we seen bears are active full day. As mention earlier it may touch weekly support as already break daily support. Keep eye on it.
15th Mar: Same view & levels for Bank nifty
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
NSE:BANKNIFTY Analysis/Prediction for Monday 26-12-2022NSE:BANKNIFTY Analysis/Prediction for tomorrow
For Flat/Gap-UP opening
🟢 Avoid CE
🔴 Buy PE Near 41960
✔️ Target Should be 41600, 41300
For Gap Down Opening
🟢 Avoid CE
🔴 Buy PE Near 41500
✔️ Target Should be 41000, 40800
Buy CE only if one hour candle closes above 42000
Note:
🚨 Gap-UP & Gap-Down more than 200 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 100 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer: I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
BankNifty 9th Nov setupHello Traders!
This was a whole vacations for us as the market was shut for almost a week and we were bored of not making profits.
So in opening banknifty opened near the resistance we took 40100 PE and made some handsome profits in it as we trailed it all the way down until the market showed some signs of recovery then we shifted to CE side but did not trail it too much as we were kind of bearish seeing the weakness in BankNifty.
BankNifty 9th nov :
Buy Above: 39500
Sell Below: 39000
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Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Bank nifty Update for 20th October 2021
The Banknifty index has given a non-stop rally after the range shift.
The Index has given an impulsive wave and we already know that every impulse has a correction.
Now the Index has a wider range.
If the index opens gap up then we will be selling from the high point of 39,750-39,800
Or
We will consider a short position below 39,390 which is also the previous swing low.
In case the low of 39,000 is broken then bank nifty will fall like anything.
The index can fall to 38,120 and there's going to be a massive blood bath in the market.
Buying will only & only to be considered above 40,100 levels.
High probability trade is on the short side as the risk of hitting stop loss will be less and rewards are going to be huge.
Trade setup
==============
MAJOR RESISTANCE is : 40,000
MAJOR SUPPORT is : 39,000
Trade Accordingly!
Bank Nifty Update for 08th October 2021 Bank NIFTY is at indecision point and has formed a range 400-point range which can also be considered as a no trading zone.
We may not see a breakout/breakdown of this range today and see a range bound market today but if the range is broken consider buying above 38,000 and for selling consider 36,000 as a key level.
In case Index breaks the range then we’ll trade accordingly on the Intraday data.
Trade Accordingly!
Trade setup
==============
Key support is: 37,600
Key Resistance is: 38,000
Bank Nifty Intraday Trade Setup for 24th September 2021We have seen a gap up opening in Banknifty Index in previous trading session and a fall was seen from the day high which was made in the morning.
The Index fully recovered in second trading session as it was forming a fresh range.
Current range is our Intraday levels, if price crosses 35260 our Harmonic half bat and XABCD patterns will get activated and we can see the upside targets of 35,400 and 35,641.
Downside momentum will be seen below 35,080 below that price can correct till 34,800
Total range is of 750-800 points, trade accordingly.
BANKNIFTY ::: LONG07 MAY 2021
INSTRUMENT: BANKNIFTY
TREND: BUY
TIME FRAME: DAY
CMP: 32904.5
BUY ABOVE: 33308
STOP LOSS: 32491
TGT 01: 35187
TGT 02: 36128
DISCLAIMER:
We are not S E B I registered analyst. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever
Bank nifty Analysis for August Series Good Morning sir's
Bank Nifty Index does not move a lot in June and July month since Nifty 50 was making higher high which was a clear sign of banking sector weakness. For the August series, there is 2 Very Important Level in Bank Nifty Index.
21600 to 21700 is the resistance of this range and 20940 to 20900 is the support area. Breakout or Breakdown will decide Bank nifty Movement for the August series.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey
Bank Nifty Intraday Trade Setup for 26th May Tuesday 2020Hello Everyone,
We had seen a blood bath on Friday trading session. Sentiment was high because of RBI governor press meet and we were closed 456 Point negative on Friday Trading session , Question is Does we see s short covering on Tuesday Trading session Or Trend will be Continue ?
Technical View
=================
Index is volatile in Intraday and in downtrend but as I always said that new day if different then Previous one so do not make pre view when you're an Intraday trader.
Resistance : Index short term Resistance area is 17900.
Support : Index Short Term support on 17000
Trade Setup
=================
Long : Long Position can build above 17410. So wait for this level to come in Intraday.
Short : Short Position can build if Index break Friday trading low which 17090.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Bank Nifty Intraday Trade Setup for 22'th May 2020Good Morning Everyone,
Bank Nifty is still weak and volatile in Intraday. Hope you guys has did good in Expiry and made some good breads in Intraday.
Technical View
===================
Index trading in a range and this range will be decide that where our Bank nifty trade will be trade in next week. Upside level is 18,200 and lower side level is 17,700.
Resistance : Bank Nifty Intraday resistance is on 18,200 and key Resistance is on 19,200.
Support : Bank Nifty Intraday support is on 17,700 and Key support is on 16,600
Trade Setup
================
Long Position can build above then 18,200..
Short Position can build Lower then 17,700
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
BankNifty 50 Intraday Trade Setup for 20th may 2020Good Morning Everyone,
Yesterday Index was volatile and most of movement has been eaten though Gap up after that Index has been traded in a wide range but still we have managed to make good money in Intraday if you guys listen me and manage to short from top (18100) . Now question is Index will be trade in a range and can give a clear movement .
Technical View
=====================
Index might be trade in a range today to manage the difference of call put rates before the Expiry. Range upside level is 18000 and downside level is 17400..
Resistance : Index Intraday Resistance is 18000 and key resistance is 18200 then 19200.
Support : Intraday support is 18400 and Key support is on 16600
Trade setup
============
Long Position can Build Index manage to close above 18200 with 17900 Sl.
Short Position is much safer and can be Open lower then 18400 with 18500 SL . Risk and Reward is good in sell side but you guys need wait to break 18400 and sustain lower then it.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey