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Bankniftyintradaylevels

BANKNIFTY : Trading Levels and Plan for 29-10-2024 Intro: On the previous day, Bank Nifty showed a mixture of consolidation and upward movement and resistance at higher level from and to recommended levels , suggesting potential momentum above certain levels. The chart highlights yellow zones as areas likely to see sideways movement, green zones as potential bullish areas, and red zones for bearish momentum. Today, we’ll explore trading strategies for different opening scenarios. Trading Plan for 29-Oct-2024 Gap Up Opening (200+ points above) If Bank Nifty opens with a 200+ points gap up, it is likely to encounter resistance around the 51,478 level, marked as the Last Resistance for Intraday . If prices sustain above this level, we may see an upward movement towards the Profit Booking Zone / Sideways Zone between 51,955 - 52,160 . However, if it fails to break this resistance, expect potential retracement towards the Opening Support at 51,080 . – If selling pressure builds, Bank Nifty may pull back further to retest 50,985 as an additional support level. Flat Opening (within 100 points of the previous close) With a flat opening, monitor the first 30 minutes for price action clarity. If Bank Nifty trades above 51,478 after initial consolidation, it could signal a bullish push toward 51,955 . A breakout above this resistance might lead the price to test the upper bounds near 52,160 . Conversely, if it struggles to hold above 51,478 , a sideways or slight bearish trend might develop towards 51,080 . – Any dip below 51,080 may attract additional selling pressure, possibly pushing prices towards the Pending Buyer’s Order Zone around 50,638 . Gap Down Opening (200+ points below) In a gap-down scenario, focus on 50,985 as a crucial support level. If Bank Nifty maintains this level, it might attempt to rebound towards 51,478 . A successful move above 51,478 could bring sideways to bullish action up to 51,955 . If, however, the index breaks below 50,985 , expect it to test the Pending Buyer’s Order Zone at 50,638 , a key level for potential trend reversals. – Failure to hold at 50,638 may lead to further bearish momentum. Risk Management Tips for Options Trading Set defined stop-loss levels for each trade based on market volatility; hourly candle closes can serve as an effective risk management tool. Avoid over-allocating capital in options trading. Use smaller position sizes to manage potential market swings. Consider trailing stops to protect profits if Bank Nifty moves favorably in your direction, especially during periods of heightened volatility. Summary and Conclusion Today, the primary levels to watch are 51,478 as the last intraday resistance and 50,985 as key support. A break beyond these levels could determine the market's directional bias. Adopting a flexible strategy and monitoring early price action can provide valuable insights for effective entries. Disclaimer: I am not a SEBI-registered analyst. This analysis represents my personal view and is based on technical levels. Please do your research or consult a financial advisor before making any trading decisions.
NSE:BANKNIFTY
by LiveTradingBox
2
BankNifty Intraday Levels 28-Oct-2024, Selling TrendBankNifty has immediate resistance near 50985-51065 wait for the price come to near resistance Zone and enter only on reversal for good risk:reward ratio. Bank Nifty selling trend continue keep find reversal on every rise. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:BANKNIFTYShort
by smrgrover2
BANKNIFTY : Trading Levels and Plan for 28-Oct-2024**Introduction:** In the previous trading session on 25th October 2024, BankNifty displayed a Drop to the support line and showed sign of recovery in the last hour of the session, with notable movements observed around the 50,458 support level. Price action showed a consolidation phase with buyers stepping in at lower levels to prevent a significant downside. However, resistance zones around 51,083 acted as a barrier, limiting upward momentum. Heading into the session of 28th October 2024, we’ll analyze different opening scenarios to strategize effectively. **Trading Plan for 28th October 2024:** Gap Up Opening (200+ points): If Bank Nifty opens above 51,083 with a 200+ point gap up:   - The First Resistance Zone to watch will be at 51,478. Yellow trend lines indicate possible sideways movement if the index tests this resistance and fails to break through.   - If momentum carries Bank Nifty above 51,478, the next target would be the Profit Booking Zone at 51,955 to 52,160, where significant selling pressure is anticipated. Green trend lines indicate a bullish trend with potential pullbacks.   - Observe for rejection signals near resistance before considering short positions. Sideways consolidation near 51,478 could indicate a potential retracement, targeting the 51,083 level as a support for a bullish continuation.   - A fallback below 51,083 would target the 50,775 level, acting as an intraday support.    Flat Opening: If Bank Nifty opens around the previous close near 50,854:   - Key support levels to monitor include 50,775 and 50,458. Initial support at 50,775 should offer a foundation for buyers, allowing an upward move towards 51,083.   - In the event of a breakout above 51,083, Bank Nifty may challenge 51,478, but watch for sideways movement (yellow trend) near this resistance level.   - Should the 50,458 level break on an hourly close, expect bearish momentum to intensify, possibly targeting the last intraday support at 49,899, as indicated by the red trend line.   - Look for bullish confirmation above 51,083 and bearish confirmation below 50,458 before committing to a directional trade.    Gap Down Opening (200+ points): If Bank Nifty opens significantly lower, near 50,458 or below:   - The Opening Support zone between 50,458 and 50,326 should provide buying interest, with potential for a rebound toward 50,775.   - A decisive move below 50,183 could test the Last Intraday Support at 49,899. Failure to hold this level would likely increase selling pressure, potentially leading to further downside towards the 49,534 zone.   - In the case of a recovery from 50,458, watch for resistance at 51,083, with a cautious approach to bullish entries due to volatility risks in gap-down scenarios.    **Risk Management Tips for Options Trading:** Use hedged positions like Bull Call and Bear Put spreads to limit exposure in volatile market conditions. Maintain strict stop losses, especially in trending moves. Position sizing should be conservative to avoid outsized losses. Avoid entering positions during extreme gap-ups or gap-downs without clear confirmation, as volatility is typically high at such times. For short-term trades, trail stop losses and secure partial profits at key resistance levels. **Summary & Conclusion:** For the trading session on 28th October 2024, Bank Nifty will likely test major support and resistance levels with sideways consolidation (yellow trend), bullish potential (green trend), and bearish risk (red trend). Key levels to watch include 51,083 as a potential resistance and 50,458 as a key support. Patience and confirmation of price action are essential for effective entries and exits. Option traders should focus on spreads and hedging strategies to manage risks effectively. **Disclaimer:** I am not a SEBI-registered analyst. All levels and strategies shared are based on personal analysis. Please conduct your own research or consult with a financial advisor before making any trading decisions.
NSE:BANKNIFTYLong
by LiveTradingBox
BankNifty Crashes Through All Targets – Bears in Control!BankNifty 15m Timeframe Technical Analysis: On the 15-minute timeframe, BankNifty has completed a spectacular short trade, smashing through all targets with strong bearish momentum. Price plunged well below the Risological dotted trendline, confirming the continued downtrend. Key Levels: Entry: 51,620.00 Stop Loss (SL): 51,700.75 Target 1 (TP1): 51,520.15 (Done) Target 2 (TP2): 51,358.60 (Done) Target 3 (TP3): 51,197.05 (Done) Target 4 (TP4): 51,097.20 (Done) Observations: A sharp decline occurred right after entry, and price respected the Risological dotted trendline as resistance throughout the trade. Bears dominated the session, pushing the price lower without retracing back to the trendline. BankNifty's steep descent through all target levels underscores the market's bearish sentiment. With all targets achieved, traders may look for further downside potential or await signs of reversal.
NSE:BANKNIFTYShort
by ProfitsNinja
2
BankNifty 24-OCT-2024 Intraday Levels, Sell Trend in BankNifty BankNifty tried to go upside and respected that resistance level which we identified yesterday as per the price movement. It reversed, and keep trading near bottom level. BankNifty took pause today in daily time frame and can continue tomorrow and become trending. We can sell when 5 min candle close below 51150 price. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:BANKNIFTYShort
by smrgrover2
BankNifty Levels for Intraday 23 Oct 2024 Selling TrendToday BankNifty closed below the Trend line / Channel of Daily Timeframe which was started in January which is a sign of trend change and price may go more downside. As per the today price action (lower low and lower highs) the selling was continue after each rise, So as per the price action and trend change price is indicating sell on rise market. So for minimal risk and better risk:reward if price starts moving upwards and taking reversal near 51500, then we can enter for sell trade. Otherwise if any candle close below today closing price(which act as immediate support/resistance) 51250, then we can also enter for sell trade. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:BANKNIFTYShort
by smrgrover2
BankNifty Levels for Intraday for 22 Oct 2024BankNifty is trading between support and resistance zone but it is still in bullish channel so trading on buy side has high probability. We can go long when price starts reversing from 51850-51900. Trade only when price comes to support zone for good risk to reward and high probability. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:BANKNIFTYLong
by smrgrover2
BankNifty Today: 2900+ Points Profit Caught on RisologicalBankNifty Today: 2900+ Points Profit Caught on Risological Swing Trader This is unbelievable! BankNifty 2900+ Points one side move caught. We got a confirmed entry at 51,230 and there is no looking back. Our last take profit target was at 52,147, closed partially on TP4 and continued to hold the other partial position that is currently at 2900+ massive MASSIVE profit!! For people who have been sending me DMs asking the indicato'r name, it is a paid indicator. Please Google - Risological Swing Trader. Best regards, Namaste!
NSE:BANKNIFTYLong
by ProfitsNinja
BankNifty 2300+ Points! MASSIVE MOVE Caught Using RisologicalBankNifty 2300+ Points! MASSIV MOVE Caught Using Risological Swing Trader Guys, This is UNBELIEVABLE!!! My biggest BankNifty trade EVER!!! 2300+ points gain in BankNifty feels like direct access to the holy heaven! Got a clear Entry of this CE side buy trade on 12 Sep 9:15 am at 51,230 price level. The final profit target was at 880+ points anf I was holding 50% of this position which gave me a whopping 2300+ points of the remaining posiion. How did I pull this off? - Use 15m time frame chart - Buy the monthly contract (not weekly). - The monthly contracts are costlier, but it pays off in times like this. - Follow the trend using the Risological swing trader - You can either exit on every TP levels (Take profit), or - Close partially on each level. - Hold 25% of the position till the price reversal happens - Price reversal means - the candle turning red on a long trade and green on a short trade. Hope this helps! Namaste!
NSE:BANKNIFTYLong
by ProfitsNinja
Bank Nifty Podcast 17 Sep 2024Today, only 1 trade setup was available based on Podcast Strategy. - When the Podcast entry had come, just before that 5minute candle closed both below and above Opening Price - 52239 - The Data was -ve, and 2 departments were bullish. So again, looked at the strikes 52200 and 52300, where Put writers increased to give momentum toward 52400. - The stoploss was hit, as call writers increased at the strike 52300. Notes: - Simultaneously, a selling strategy was executed based on Price Action, which gave 0.5% return on the capital.
NSE:BANKNIFTYLong
by gupshupblog