BANKNIFTY : Intraday Trading levels and Plan for 10-Mar-2025📌 Previous Close: 48,453
📍 No Trade Zone: 48,300 – 48,523
📈 Last Intraday Resistance: 48,944
📉 Last Intraday Support: 48,038
📌 Key Reversal Zone for Buyers: 47,363 – 47,573
📍 Scenario 1: Gap-Up Opening (🔼 +200 points or more)
If Bank Nifty opens around or above 48,650 – 48,700, we are entering the upper boundary of the last resistance zone, and the market may either show strength or immediately trigger profit booking.
Wait & Watch in Opening: Let the price stabilize in the first 15-30 minutes. If Bank Nifty sustains above 48,944, we could see a quick rally toward the upper profit booking zone 49,113 – 49,278.
Reversal Possibility: This is also a possible rejection zone. If Bank Nifty shows reversal signs near 48,944 – 49,113, traders can look for short trades with stop-loss above 49,278, targeting 48,650 and 48,523 as immediate supports.
Avoid Longs near Top Zone: Booking profits is advised rather than initiating fresh longs in this zone unless a very strong bullish candle closes above 49,278 on 15-minute time frame.
📢 Educational Insight: A gap-up into resistance often invites sellers. Don’t chase green candles blindly. Let structure confirm strength.
📍 Scenario 2: Flat Opening (±100 points range)
If Bank Nifty opens between 48,400 – 48,500, we are inside the “No Trade Zone.” This zone usually indicates indecision or lack of momentum in the early part of the session.
Wait for Breakout or Breakdown: No fresh trade unless price breaks 48,523 on the upside or 48,300 on the downside with good volume.
Above 48,523: A bullish breakout may trigger short-term buying with upside targets of 48,635 and then 48,944.
Below 48,300: A bearish breakdown opens room till 48,038 and possibly to 47,573, the “must try” zone for buyers.
📢 Educational Insight: The middle of the range is where retail traders often get trapped. Stay out until direction is clear. Trade the edges, not the middle.
📍 Scenario 3: Gap-Down Opening (🔽 -200 points or more)
If Bank Nifty opens near or below 48,200 – 48,100, bearish sentiment will dominate. Immediate support lies at 48,038. Below this, things could get even more interesting.
Reversal Zone Alert: Watch how price reacts near 48,038. A strong bullish reversal candle here could give a risk-reward favorable long trade toward 48,300 – 48,523.
Breakdown Below 48,038: Opens the gates for a larger fall towards 47,573 and even 47,363, where bulls might step in aggressively.
Aggressive Shorts: Only if price sustains below 48,038 with momentum, look for intraday puts or bear spreads.
For Reversal Buyers: Ideal zone for buying would be in the range of 47,363 – 47,573, only if price shows base formation with demand candle.
📢 Educational Insight: Don’t panic-buy a gap down unless strong reversal signs appear. Let sellers exhaust themselves before stepping in.
🛡️ Risk Management Tips for Options Traders
✅ Avoid Overleveraging – Never go all-in on the first trade. Use only a portion of your capital.
✅ Always Use Stop Loss – Especially if trading naked options. Protect your capital like a warrior.
✅ Time Decay Caution – Avoid holding long options too late in the day unless strong move is confirmed.
✅ Prefer Spreads – In volatile zones, go with defined-risk strategies like debit or credit spreads.
✅ Avoid First 15 Minutes – Let the market set a tone before jumping in. This reduces emotional entries.
📌 Summary & Conclusion
🟩 Above 48,944 → Bullish territory. Targets: 49,113 → 49,278
🟧 Between 48,300 – 48,523 → No Trade Zone. Wait for confirmation.
🟥 Below 48,038 → Bearish zone with potential downside to 47,573 → 47,363
✅ 47,363 – 47,573 is a high-probability reversal zone for buyers if tested.
⚠️ Be a disciplined trader – let the setup come to you. Stick to your plan, and manage risk like a pro. 💪
⚠️ Disclaimer
I am not a SEBI-registered analyst. This trading plan is shared for educational purposes only. Please do your own analysis or consult with a financial advisor before making any trading decisions.
📢 #BankNifty #TradingPlan #OptionsTrading #StockMarketIndia #TechnicalAnalysis #TradingView #PriceAction #NSE #BankNiftyLevels #RiskManagement
Bankniftyintradaytradesetup
BUY BANKNIFTY 48000 PE 27th Mar @ 380 | BANKNIFTY SELL TRADEBANKNIFTY 48000 PE MAR EXP
BANKNIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
The BankNifty index facing selling pressure from higher levels, presenting a potential sell-on-rise opportunity. We recommend exploring the 48000 Put Option (expiring on 27th Mar) at ₹380 - 370.
Target levels: ₹420 and ₹480.
Stop Loss (SL): ₹320
Regards,
OptionsDaddy Research Team
BANKNIFTY : Intraday Trading levels and Plan for 06-Mar-2025Market Overview:
Bank Nifty closed at 48,506.40, and the following levels will be crucial for tomorrow’s session:
🔴 Last Intraday Resistance: 48,944
🟥 Opening Support Resistance: 48,713
🟠 Opening Resistance / Support Zone: 48,524
🟩 Opening Support Zone: 48,245 - 48,297
🟢 Last Intraday Support: 48,012
🟢 Strong Downside Support: 47,739
Considering a 200+ point gap opening, let’s analyze the possible trading scenarios.
🟢 Scenario 1: Gap-Up Opening (200+ Points Above 48,700)
If Bank Nifty opens above 48,700, it enters the Opening Support Resistance Zone and approaches the upper supply areas.
Sustaining Above 48,713 – A stable move above this level indicates strength, with potential upside toward the Last Intraday Resistance (48,944).
Rejection at 48,713 – If price fails to hold, a pullback toward the Opening Resistance/Support at 48,524 is likely.
Breakout Above 48,944 – If momentum is strong, expect an extended rally toward 49,100+, but be cautious of profit booking.
📌 Plan of Action:
Buy above 48,713 with a target of 48,944, keeping SL below 48,600.
Sell if 48,713 is rejected, targeting 48,524 with SL above 48,750.
Options traders can use 48,700 CE for longs and 48,900 PE if resistance holds.
🟡 Scenario 2: Flat Opening (Within 48,400 - 48,550)
A flat opening around the Opening Resistance / Support Zone (48,524 - 48,506) suggests a balanced market, requiring confirmation for further direction.
Sustaining Above 48,524 – This level needs to hold for an upside push toward 48,713, with a potential breakout to 48,944.
Breaking Below 48,506 – If price moves downward, the first support lies at 48,297, followed by 48,245.
Sideways Action Between 48,450 - 48,524 – If price consolidates in this range, wait for a decisive breakout before entering a trade.
📌 Plan of Action:
Buy above 48,524, targeting 48,713, with SL at 48,450.
Sell below 48,506, targeting 48,297, with SL at 48,600.
Options traders can use 48,600 CE for bullish trades and 48,400 PE for bearish trades.
🔴 Scenario 3: Gap-Down Opening (200+ Points Below 48,300)
A gap-down below 48,300 brings Bank Nifty into the Opening Support Zone (48,245 - 48,297).
Holding 48,245 – If buyers step in at this level, a bounce toward 48,524 is possible.
Breaking 48,245 – A breakdown signals weakness, with the next target at 48,012 (Last Intraday Support).
Breaking Below 48,012 – If further selling occurs, expect downside till 47,739, where major buying interest might emerge.
📌 Plan of Action:
Buy near 48,245, targeting 48,524, if support holds.
Sell below 48,245, targeting 48,012, with SL at 48,320.
Options traders can consider 48,200 PE for breakdowns and 48,300 CE for rebounds.
📊 Risk Management Tips for Options Trading
✅ Use Stop Loss on an Hourly Close Basis – Avoid holding options if the trend invalidates.
✅ Avoid Trading in Choppy Ranges – Let price break key levels before entering.
✅ Monitor India VIX – High volatility may cause sharp moves, adjust position sizing accordingly.
✅ Use Partial Profit Booking – Lock-in gains at resistance/support levels.
✅ Avoid Holding Positions Overnight – If the market is unclear, carry-forwarding options may lead to overnight risks.
📌 Summary & Conclusion
Bullish Bias: Above 48,713, Bank Nifty can test 48,944.
Range-Bound: If trading between 48,400 - 48,524, wait for a breakout.
Bearish Bias: Below 48,245, weakness can extend toward 48,012 or lower.
📌 Best Risk-Reward Trades:
Buy above 48,713 for 48,944.
Sell below 48,245 for 48,012.
Wait for confirmation in the 48,400 - 48,524 range.
⚠️ Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please do your own research or consult a financial advisor before making any trading decisions.
BankNifty Intraday Support & Resistance Levels for 04.03.2025Monday’s session saw BankNifty opening with a gap-up, hitting a high of 48,574.70, but it couldn’t hold and dropped to a low of 47,841.30. However, it recovered slightly and closed at 48,114.30, losing 230 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain negative.
Demand/Support Zones
Near Support: Around 47,850 (Triple Bottom on Daily Chart)
Far Support: 46,077.85 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (125m): 48,743.80 - 48,911.90
Near Supply/Resistance Zone (Daily): 48,981.20 - 49,455.80
Far Supply/Resistance Zone (75m): 49,665.95 - 49,829.40
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested)
Outlook
BankNifty has dropped 6,626 points (12%) in the last 5 months from its All-Time High of 54,467.35. Today’s low of 47,841.30 is very close to the previous lows on 13th Jan 2025 (47,898.35) and 27th Jan 2025 (47,844.15), forming a potential Triple Bottom around 47,850. The index closed above 48,000, which could indicate a short-term bounce if the support holds. However, multiple supply zones above suggest strong selling pressure at higher levels. Any upside move may face resistance, making a Sell-on-Rise strategy more favorable until a breakout is confirmed.
BANKNIFTY : Intraday Trading Levels and Plan – 27-Feb-2025📌
This analysis provides a comprehensive trading plan for the BANKNIFTY index on February 27, 2025, covering all possible opening scenarios. We will evaluate Gap-Up, Flat, and Gap-Down openings (with gaps of 200+ points) and outline clear action points, key levels, and risk management strategies. This plan is designed to help traders navigate the market with precision and discipline. 📈🔍
🔹 Scenario 1: Gap-Up Opening (200+ points)
If BANKNIFTY opens above 48,998 (a gap of 200+ points from the previous close of 48,798), it signals strong bullish momentum. This opening suggests aggressive buying interest, potentially driving prices higher.
If the price sustains above 48,998, it could target the profit-booking zone of 49,117–49,400. This zone is a key resistance area where selling pressure may intensify due to historical resistance and recent highs.
If the price faces rejection at 49,117–49,400, a reversal trade could be considered, targeting a pullback to 48,878–48,798 (last intraday resistance and previous close).
Should the price break above 49,400 with strong momentum (e.g., high volume and bullish candlestick patterns), we might see a rally toward 49,600 or higher.
✅ Trade Plan:
✔️ Buy on a breakout and retest of 48,998 , targeting 49,117–49,400. Use a stop-loss below 48,798 to manage risk.
✔️ Short if the price rejects 49,117–49,400, aiming for 48,878–48,798. Place a stop-loss above 49,400 to limit potential losses.
Explanation: A Gap-Up opening of 200+ points reflects significant bullish sentiment, but chasing the gap immediately can be risky due to volatility. Waiting for a retest of 48,998 confirms bullish intent, while the resistance at 49,117–49,400 acts as a natural profit-taking zone. A rejection at this level could signal a shorting opportunity if bearish momentum builds.
🔹 Scenario 2: Flat Opening (Near 48,798–48,878)
If BANKNIFTY opens within the range of 48,798–48,878, it suggests a balanced market with no clear directional bias. This zone acts as a critical opening support/resistance area where price action could consolidate or break out.
A breakout above 48,878 could drive prices toward 49,117–49,400, signaling bullish momentum.
A breakdown below 48,798 might lead to selling pressure, targeting 48,396–48,167 (opening support and last intraday support) or even 47,573 (buyer’s support for a possible reversal).
✅ Trade Plan:
✔️ Buy above 48,878 , targeting 49,117–49,400. Use a stop-loss below 48,798 to protect against a false breakout.
✔️ Sell below 48,798 , targeting 48,396–48,167 or 47,573. Set a stop-loss above 48,878 to manage downside risk.
Explanation: A Flat opening often results in consolidation, making it challenging to trade without confirmation. The 48,798–48,878 range is a no-trade zone unless a decisive breakout occurs. Traders should wait for clear price action (e.g., strong candlestick patterns or increased volume) to avoid fake moves and ensure higher probability trades.
🔹 Scenario 3: Gap-Down Opening (200+ points)
If BANKNIFTY opens below 48,598 (a gap of 200+ points from the previous close of 48,798), it signals bearish sentiment and potential weakness in the market.
Immediate support lies at 48,396–48,167 (opening support and last intraday support). If this holds, a pullback toward 48,798–48,878 could occur.
If 48,396 breaks with strong selling pressure, expect further downside toward 47,573 (buyer’s support for a possible reversal).
✅ Trade Plan:
✔️ Buy near 48,396 , targeting a pullback to 48,798–48,878. Use a stop-loss below 48,167 to limit risk.
✔️ Short below 48,396 , targeting 47,573. Place a stop-loss above 48,396 to protect against a quick recovery.
Explanation: A Gap-Down opening of 200+ points indicates panic or profit-taking, but prices can rebound if support levels hold. Waiting for confirmation near 48,396 ensures the price isn’t just oversold, while a break below this level confirms bearish momentum for shorting opportunities. The 47,573 zone offers a potential reversal point if buying interest emerges.
📌 Risk Management Tips for Options Trading 💡
🛑 Always Use a Strict Stop-Loss: Protect your capital by setting stop-loss orders at key support/resistance levels to limit potential losses.
🎯 Take Partial Profits: Lock in gains at intermediate targets (e.g., 49,117 or 48,396) to secure profits while allowing room for further moves.
🕰️ Avoid Overtrading: Stick to the plan and wait for clear price action confirmation—don’t force trades in uncertain conditions.
💰 Use Proper Position Sizing: Risk only a small percentage of your capital (e.g., 1–2%) per trade to ensure longevity in the market.
📌 Summary & Conclusion 🎯
✔️ Bullish Above: 48,878 → Target: 49,117–49,400.
✔️ Bearish Below: 48,798 → Target: 48,396–48,167 or 47,573.
✔️ No Trade Zone: 48,798–48,878 (Wait for a breakout).
Trade with discipline, follow your plan, and prioritize risk management to navigate the BANKNIFTY market effectively on February 27, 2025. 🚀
⚠️ Disclaimer
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions. 📉📈
BankNifty Intraday Support & Resistance Levels for 25.02.2025Monday’s session started with a gap-down of 350 points at 48,628.80. Made day low of 48,281.90, entered the 125m Demand Zone (47,981.35 - 48,319.20), where it found support and rebounded to day high of 48,748.40. It closed at 48,651.95, losing 329 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) stays sideways.
Demand/Support Zones
Near Demand/Support Zone (125m): 47,981.35 - 48,319.20 (tested)
Far Support: 46,077.85 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 48,959.15 - 49,058.15
Far Supply/Resistance Zone (30m): 49,288.95 - 49,396.65
Far Supply/Resistance Zone (75m): 49,665.95 - 49,829.40
Far Supply/Resistance Zone (Daily): 49,703.10 - 50,641.75
Outlook
BankNifty respected 125m Demand Zone and bounced back but the gap wasn't filled. The 48,900 - 49,000 region will be crucial for further upside momentum. However, with multiple resistance levels ahead and a weak broader trend, a Sell-on-Rise approach remains favorable unless a decisive breakout is seen above 50650.
BankNifty Intraday Support & Resistance Levels for 20.02.2025Wednesday’s session saw BankNifty opening gap-down, hitting a low of 48,804 before staging a strong rally to 49,509.75. It later dipped to 49,281, but rebounded again to close at 49,570.10, gaining 483 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) is sideways, signaling mixed sentiment.
Demand/Support Zones
Near Demand/Support Zone (5m): 49,365.45 - 49,404.55
Near Demand/Support Zone (5m): 48,928.10 - 49,038.45
Far Demand/Support Zone (125m): 47,981.35 - 48,319.20
Far Support Level: 46,077.85 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (75m): 49,665.95 - 49,829.40
Far Supply/Resistance Zone (15m): 49,949.75 - 50,049.10
Far Supply/Resistance Zone (30m): 50,146.10 - 50,248.35
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested)
Far Supply/Resistance Zone (Weekly): 52,264.55 - 53,775.10
Outlook
BankNifty is showing strength, holding above key support levels. If it sustains current levels, we may see the rally extend towards 50,000. However, multiple supply zones above 49,800 could create resistance. A breakout above 50,050 may lead to further upside momentum!
Disclaimer:
"This content is for educational purposes only and reflects personal opinions. It is not investment advice or a recommendation to buy/sell any securities. I am not a SEBI-registered advisor. Please consult a qualified financial professional before making any investment decisions."
BANKNIFTY : Trading Levels and Plan for 20-Feb-2025This analysis covers all possible opening conditions for BANKNIFTY on 20-Feb-2025 and provides a structured trading plan. We will consider:
✅ Gap-Up Opening (200+ points)
✅ Flat Opening (Near 49,577 - 49,658)
✅ Gap-Down Opening (200+ points)
Each scenario has clear action points and risk management tips. 📈🔥
🔹 Scenario 1: Gap-Up Opening (200+ points)
If BANKNIFTY opens above 49,658, this suggests bullish momentum.
Sustaining above 49,658 can push the index towards 50,000 - 50,193 (Profit Booking Zone).
At 50,000 - 50,193, expect resistance—if price rejects here, a reversal trade is possible targeting 49,700 - 49,600.
If price breaks 50,193 with strength, we may see a new rally towards 50,350+ levels.
✅ Trade Plan:
✔️ Buy on a breakout & retest of 49,658, targeting 50,000 - 50,193.
✔️ Short if price rejects 50,193, aiming for 49,700 - 49,600.
⚠️ Risk Tip: Avoid chasing a strong gap-up immediately. Wait for price to settle before taking a position.
🔹 Scenario 2: Flat Opening (Near 49,519 - 49,658)
If BANKNIFTY opens within the 49,577 - 49,658 zone, this could act as an Opening Resistance/Support zone.
A breakout above 49,658 can push prices towards 50,000 - 50,193.
A breakdown below 49,401 (Opening Support) may lead to selling pressure, targeting 49,336 - 49,095.
✅ Trade Plan:
✔️ Buy above 49,658, targeting 50,000 - 50,193.
✔️ Sell below 49,401, targeting 49,336 - 49,095.
⚠️ Risk Tip: Avoid trading in the 49,500 - 49,600 range unless a strong breakout happens. Consolidation in this zone can lead to fake moves.
🔹 Scenario 3: Gap-Down Opening (200+ points)
If BANKNIFTY opens below 49,336, it signals weakness.
Immediate support exists at 49,095 - 49,000 (Last Intraday Support). If this holds, expect a possible pullback towards 49,400 - 49,500.
If 49,095 breaks, expect further downside towards 48,760.
✅ Trade Plan:
✔️ Buy near 49,095, targeting a pullback to 49,401 - 49,519.
✔️ Short below 49,095, targeting 48,760 and lower.
⚠️ Risk Tip: If BANKNIFTY gaps down but quickly recovers 49,095, avoid shorts and wait for price confirmation before entering trades.
📌 Risk Management Tips for Options Trading 💡
🛑 Always use a strict stop-loss to protect capital.
🎯 Take partial profits at key levels to lock in gains.
🕰️ Avoid overtrading—wait for price action confirmation.
💰 Use proper position sizing to manage risk.
📌 Summary & Conclusion 🎯
✔️ Bullish Above: 49,658 → Target: 50,000 - 50,193.
✔️ Bearish Below: 49,401 → Target: 49,336 - 49,095.
✔️ No Trade Zone: 49,500 - 49,600 (Wait for breakout).
Trade with a plan, manage risk wisely, and stay disciplined. ✅🚀
⚠️ Disclaimer
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making any trades. 📉📈
BANKNIFTY : Trading levels and plan for 19-Feb-2025
🔹 Key Levels for the Day:
📈 Resistance Zone: 49,208 - 49,659
📉 Support Zone: 48,918 - 48,600
🔄 Profit Booking Zone: 49,579 - 49,659
📍 Scenario 1: Gap-Up Opening (200+ points)
If BANKNIFTY opens with a gap-up above 49,208 , we need to observe whether it sustains above this level.
If it holds above 49,208, we can expect an upside movement towards 49,579 - 49,659 (profit booking zone).
A breakout above 49,659 can take it towards 50,001, but with caution as profit booking may occur.
In case of rejection from 49,659, look for a shorting opportunity back towards 49,208.
🔹 Trade Plan: Buy on dips near 49,208 with SL below 49,100 for a target of 49,579. If rejected from 49,659, initiate a short trade with SL above 49,700.
📍 Scenario 2: Flat Opening (Within 49,039 - 49,208)
If BANKNIFTY consolidates between 49,039 - 49,208, wait for a decisive breakout.
A breakout above 49,208 can push prices towards 49,579.
A breakdown below 49,039 will lead to a decline towards 48,918 - 48,600.
🔹 Trade Plan: Buy on breakout of 49,208 with SL below 49,100 for targets of 49,579+. If it breaks below 49,039, go short with SL above 49,100 for a target of 48,918.
📍 Scenario 3: Gap-Down Opening (200+ points below 48,918)
If BANKNIFTY opens below 48,918, we need to see if it finds support near 48,600 (last intraday support).
A bounce from 48,600 can lead to a recovery towards 48,918.
If 48,600 breaks, expect further downside towards 48,400-48,300.
🔹 Trade Plan: Look for a buying opportunity near 48,600 with SL below 48,500 for a potential bounce towards 48,918. If 48,600 breaks, short for a target of 48,400-48,300.
💡 Risk Management Tips for Options Trading 💡
✅ Always maintain a proper stop-loss (SL) to manage risk.
✅ Avoid buying deep OTM options unless you have a high conviction breakout.
✅ For intraday trading, focus on ATM or slightly ITM options for better risk-reward.
✅ If volatility is high, switch to spreads like Bull Call Spread or Bear Put Spread to reduce risk.
✅ Book partial profits as levels are achieved to lock in gains.
🔎 Summary & Conclusion
📌 Upside movement expected above 49,208 targeting 49,579-49,659. A rejection here can push prices lower.
📌 Breakdown below 49,039 can take it towards 48,918, with 48,600 being a critical support.
📌 Risk management is key— stick to your stop-loss!
⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please trade at your own risk. 📊📉📈
BANKNIFTY : Trading Plan for 18-Feb-2025🔹 Key Levels to Watch
Opening Resistance / Support Zone: 49,435 - 49,332
Last Intraday Resistance: 49,676 - 49,802
Opening Support Zone: 48,920 - 48,993
Last Intraday Support: 48,696
🟢 Scenario 1: Gap-Up Opening (200+ Points Above Previous Close)
If BANKNIFTY opens above 49,435, it enters a crucial resistance zone.
A rejection from 49,676 - 49,802 may lead to a shorting opportunity with targets at 49,435 - 49,332.
If price sustains above 49,802, expect a breakout move towards 49,997, with momentum building.
Safe traders should wait for retests at support levels before entering trades.
📌 Plan of Action:
🔹 Look for bearish rejection signals at resistance for a short trade.
🔹 If the price breaks out with volume, go long with a stop-loss below 49,676.
⚖ Scenario 2: Flat Opening (Within 100 Points of Previous Close)
If BANKNIFTY opens around 49,279 - 49,228, we are in a neutral zone.
Holding above 49,332 could push price towards 49,676.
A break below 49,228 could trigger selling towards 48,993.
Avoid trades in choppy price action; wait for confirmation.
📌 Plan of Action:
🔹 Wait for price confirmation at 49,332 before taking positions.
🔹 Trade only after a clear trend is established.
🔴 Scenario 3: Gap-Down Opening (200+ Points Below Previous Close)
If BANKNIFTY opens near or below 48,920, it enters a support zone.
Holding 48,920 - 48,696 can lead to a bounce back to 49,228 - 49,332.
Breaking below 48,696 could see strong selling pressure towards lower levels.
📌 Plan of Action:
🔹 Look for bullish price action at support for long trades.
🔹 If price sustains below 48,696, consider shorting with a stop-loss above the resistance zone.
⚠️ Risk Management Tips for Options Trading
✅ Position Sizing: Trade with small lot sizes in volatile conditions.
✅ Stop-Loss Discipline: Always set SL and stick to it!
✅ Avoid Overtrading: Enter only on confirmed setups.
✅ Time Decay Awareness: Avoid holding options overnight unless confident about direction.
📌 Summary & Conclusion
Bullish Bias above 49,435, targeting 49,676 - 49,997.
Bearish Breakdown below 48,920, targeting 48,696 - 48,500.
Flat Openings require confirmation before entering trades.
🚨 Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk.
[INTRADAY] #BANKNIFTY PE & CE Levels(17/02/2025)Today will be flat opening expected in banknifty. After opening if banknifty starts trading below 48950 level then possible further major downside of 400-500+ points in index. 49050 level will act as a support for today's session. Any upside move only expected if banknifty sustain above this level. Upside 49450 level is the crucial resistance index. Any upside rally can be reversal from this level.
BankNifty Intraday Support & Resistance Levels for 17.02.2025Friday’s session saw BankNifty opening positive, but it failed to hold gains. After touching a high of 49,592.95, it witnessed a sharp decline to 48,719.75 before recovering slightly. It finally closed at 49,099.45, losing 260 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) is sideways, indicating uncertainty in direction.
Demand/Support Zones
Near Demand/Support Zone (125m): 47,981.35 - 48,319.20
Far Support Level: 46,077.85 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (75m): 49,276.10 - 49,592.95
Near Supply/Resistance Zone (30m): 49,665.95 - 49,743.15
Far Supply/Resistance Zone (30m): 50,146.10 - 50,248.35
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested)
Far Supply/Resistance Zone (Weekly): 52,264.55 - 53,775.10
Outlook
BankNifty’s failure to sustain gains suggests that sellers remain dominant at higher levels. A break below 48,700 could lead to further weakness toward 48,320 - 47,980 or even 46,000, while a move above 49,750 may bring 50,250 - 51,000 into play.
BANKNIFTY : Trading Levels and Plan for 13-Feb-2025
🔹 Key Levels:
📌 Resistance: 49,787 / 50,200 / 50,298
📌 Support: 49,216 / 48,943 / 48,900
📌 No Trade Zone: 49,461 - 49,603 (Avoid trading inside this zone)
📊 1️⃣ Gap-Up Opening (200+ points above previous close)
If BANKNIFTY opens above 49,787:
Watch for rejection at 50,200: If price struggles, take a short trade with SL above 50,298. Target: 49,787 – 49,600.
Sustained breakout of 50,200? Expect bullish momentum. Enter on retest for targets 50,298 – 50,450.
Avoid impulsive longs at open: Let price stabilize before entering.
💡 Pro Tip: If price rejects 50,200 after a big gap-up, sellers might take control. Use Put options wisely.
📊 2️⃣ Flat Opening (±50 points from previous close)
If BANKNIFTY opens near 49,500-49,600:
No Trade Zone (49,461 - 49,603) – Avoid trading here. Let price break out.
Break above 49,603? Expect bullish move to 49,787. Go long above 49,605 with SL at 49,450.
Break below 49,461? Expect downside move toward 49,216. Short below 49,460 with SL at 49,550.
💡 Pro Tip: In a flat opening, avoid jumping into trades. Let a clear direction emerge.
📊 3️⃣ Gap-Down Opening (200+ points below previous close)
If BANKNIFTY opens near 49,216 or below:
49,216 as support? If price holds, expect a bounce back. Go long above 49,250 with SL at 49,150.
Break below 49,216? Next major support is 48,943. Short below 49,200 with SL at 49,320.
If price reaches 48,943 and holds, expect a bounce. Look for buying opportunities.
💡 Pro Tip: Be careful with aggressive shorts in a gap-down. Wait for confirmation before entering.
⚠️ Risk Management Tips for Options Trading
📌 Never chase trades. Let price confirm the level before entering.
📌 Use stop losses strictly. No SL = No trading discipline = Losses.
📌 Avoid trading in the No Trade Zone. Wait for clear breakout/breakdown.
📌 If IV (Implied Volatility) is high, premiums might be inflated. Be cautious with buying options.
🔥 Summary & Conclusion
✅ Key Resistance: 49,787 / 50,200 / 50,298
✅ Key Support: 49,216 / 48,943 / 48,900
✅ No Trade Zone: 49,461 - 49,603
✅ Gap-Up: Watch for resistance at 50,200. Breakout = bullish, rejection = short.
✅ Flat Opening: Trade based on breakout/breakdown of No Trade Zone.
✅ Gap-Down: 49,216 is key. Holding = bounce, breakdown = more downside.
🎯 Stick to the plan, be disciplined, and trade wisely!
⚠ Disclaimer: I am NOT a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk.
BankNifty Intraday Support & Resistance Levels for 12.02.2025Tuesday’s session saw BankNifty opening negative, making a high of 49,949.75 before experiencing a sharp decline to 49,177.40, entering the 125m Demand Zone (48,906.05 - 49,373.45). It closed at 49,403.40, losing 577 points from the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) stays sideways, indicating ongoing market uncertainty.
Demand/Support Zones
Near Demand/Support Zone (125m): 48,906.05 - 49,373.45 (Tested)
Far Demand/Support Zone (15m): 48,511.70 - 48,627.95
Far Demand/Support Zone (125m): 47,981.35 - 48,319.20
Far Support Level: 46,077.85 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 49,949.75 - 50,049.10
Near Supply/Resistance Zone (30m): 50,146.10 - 50,248.35
Far Supply/Resistance Zone (15m): 50,308.70 - 50,462.35
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested)
Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside the Weekly Supply Zone)
Outlook
BankNifty’s close near 49,400 within the tested demand zone suggests that buyers are attempting to hold this level. A break below 48,900 could invite further downside towards 48,500 - 48,300. On the upside, 49,950 - 50,050 remains the immediate resistance, with a breakout above 50,250 needed for bullish momentum.
BankNifty Intraday Support & Resistance Levels for 11.02.2025Monday’s session saw BankNifty opening negative, making an initial high of 50,155.65 before slipping to a day low of 49,703.10. Despite a minor recovery, it closed at 49,981, losing 178 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) stays sideways, indicating market uncertainty.
Demand/Support Zones
Near Demand/Support Zone (125m): 48,906.05 - 49,373.45
Far Demand/Support Zone (15m): 48,511.70 - 48,627.95
Far Demand/Support Zone (125m): 47,981.35 - 48,319.20
Far Support Level: 46,077.85 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 50,308.70 - 50,462.35
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested)
Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside the Weekly Supply Zone)
Outlook
BankNifty is struggling to maintain key support levels, with 49,700 acting as an important support today. A break below this level could push prices towards 49,40000 - 48,900. On the upside, 50,300 - 50,500 remains a strong resistance zone. A sustained breakout above 50,500 could trigger further upside, while failing to hold above 49,700 may bring increased selling pressure.
BankNifty Intraday Support & Resistance Levels for 10.02.2025Friday’s session was highly volatile, with BankNifty opening positive and hitting a high of 50,641.75 before a sharp drop to 50,042.30. It rallied again to 50,462.35, but selling pressure pushed it to a day low of 49,871.15, entering the 15-minute Demand Zone. A slight recovery followed, and BankNifty closed at 50,158.85, losing 223 points over the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) is sideways.
Demand/Support Zones
Near Demand/Support Zone (125m): 48,906.05 - 49,373.45
Far Demand/Support Zone (15m): 48,511.70 - 48,627.95
Far Demand/Support Zone (125m): 47,981.35 - 48,319.20
Far Support Level: 46,077.85 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 50,308.70 - 50,462.35
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested)
Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside Weekly Supply Zone)
Outlook
BankNifty continues to struggle near 50,500, facing resistance in the 15-minute zone. The weekly supply zone at 50,485 - 51,980 remains a crucial hurdle. On the downside, 49,900 - 49,800 is a key support area. A break above 50,500 could lead to further upside, while a failure to hold 49,800 may push it lower.
BANKNIFTY : Trading levels and Plan for 06-Feb-2025📌 BANKNIFTY TRADING PLAN – 06-Feb-2025
🔹 Previous Close: 50,299.90
🔹 Important Zones Identified:
🟥 Profit Booking Zone: 50,970 - 51,181
🟧 No Trade Zone / Opening Support: 50,133 - 50,375
🟩 Opening Support Zone: 49,871.00
🟢 Last Intraday Support: 49,503.00
📈 Scenario 1: Gap-Up Opening (Above 200+ Points)
If BANKNIFTY opens with a strong gap-up above 50,500, it will approach the profit booking zone (50,970 - 51,181).
🔹 Bullish Strategy:
If the price sustains above 50,970, we can look for a breakout trade targeting 51,181+.
Ideal entry will be on retracement towards 50,970 with a stop loss below 50,800.
🔻 Bearish Scenario:
If rejection is seen from 51,000 - 51,181, a short trade can be considered with targets back to 50,500 - 50,375.
Stop loss for short trade above 51,250.
📝 Pro Tip: If a gap-up directly reaches the profit booking zone, avoid aggressive long positions. Wait for a breakout or a pullback entry.
📊 Scenario 2: Flat Opening (Between 50,133 - 50,375)
A flat opening within the No Trade Zone (50,133 - 50,375) requires patience and confirmation before entering a trade.
🔹 Bullish Plan:
If the price breaks above 50,375 with strong volume, a long trade can be taken targeting 50,600 - 50,970.
Stop loss to be placed below 50,250.
🔻 Bearish Plan:
If BANKNIFTY breaks below 50,133, expect a move toward 49,871.
Short trade can be initiated with SL above 50,250.
📝 Pro Tip: Flat openings often lead to choppy price action in the first 15-30 minutes. Avoid impulsive trades; let the market establish direction.
📉 Scenario 3: Gap-Down Opening (Below 49,871)
If BANKNIFTY opens below 49,871, it will enter the Opening Support Zone, and we must evaluate price action carefully.
🔹 Buying Opportunity:
A strong bullish reversal from 49,503 - 49,871 can give a long opportunity targeting 50,133 - 50,375.
SL for longs should be below 49,400.
🔻 Breakdown Plan:
If 49,503 breaks, expect further downside toward 49,200-49,000.
Short trades can be taken with SL above 49,600.
📝 Pro Tip: If the market gaps down but quickly recovers above 49,871, it may indicate a trap for sellers—watch for reversal signs.
⚠️ Risk Management & Options Trading Tips
✔ For Option Buyers: Choose strikes near ATM (At-the-Money) to avoid time decay. Enter only when price action confirms.
✔ For Option Sellers: If IV (Implied Volatility) is high, consider selling OTM (Out-of-the-Money) options at key resistance/support levels.
✔ Always use SL: Protect capital! A good R:R (Risk-to-Reward) ratio ensures long-term success.
✔ Avoid Overtrading: Stick to planned trades—don’t force setups.
📌 Summary & Conclusion
🚀 Bullish above: 50,375 (Target 50,970+)
📉 Bearish below: 50,133 (Target 49,871-49,503)
⚠️ Watch Key Zones: No Trade Zone & Profit Booking Area
📊 Expect Volatility: Let the first 15-30 min settle before aggressive trades.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Always do your own research before taking any trades. 📢📊
#BANKNIFTY #TradingPlan #StockMarket #OptionsTrading 🚀
BankNifty Intraday Support & Resistance Levels for 05.02.2025Tuesday’s session saw a strong rally in BankNifty, opening with a 328-point gap-up at 49,538.80, dipping slightly to a low of 49,482.50, and then surging to a high of 50,206.60. It closed at 50,157.95, gaining 947 points over the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) is sideways.
Demand/Support Zones
Near Demand/Support Zone (15m): 49,888.35 - 49,977.05
Far Demand/Support Zone (15m): 48,511.70 - 48,627.95
Far Demand/Support Zone (125m): 47,981.35 - 48,319.20
Far Support Level: 46,077.85 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (Tested multiple times, current price inside the zone)
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75
Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside the weekly supply zone)
Outlook
BankNifty’s strong recovery brought it inside the Daily Supply Zone, but it still needs to sustain above 50,450 for further upside. The Weekly Trend remains negative, so watch for reactions at key resistance zones. If the momentum continues, the next major hurdle is at Weekly Supply Zone.
BANKNIFTY : Trading levels and plan for 03-Feb-2025📈 BANKNIFTY Trading Plan for 03-Feb-2025 📉
Key Levels to Watch:
Resistance Zones:
🔴 Last Intraday Resistance: 49,966 - 50,137
🔴 Opening Resistance: 49,778
🔴 Major Resistance for Sideways Market: 50,378
Support Zones:
🟠 Opening Support/Resistance Zone (Sideways): 49,296 - 49,466
🟢 Last Intraday Support: 49,082
🟢 Major Support Zone: 48,723
🟢 GAP-UP Opening (200+ Points) (Typically above 49,720 region)
➡️ If BANKNIFTY opens above 49,778 and sustains, we need to observe price action at 49,966-50,137 (last intraday resistance zone).
Bullish Scenario: If price consolidates above 50,137 and breaks out with volume, expect a rally towards 50,378+ levels. 📈
📌 Entry: Above 50,137🎯 Target: 50,300-50,378❌ Stop Loss: Below 49,950
Bearish Rejection: If price rejects from 50,137 and fails to sustain, expect a pullback towards 49,778 .
📌 Entry: Below 50,000 after confirmation🎯 Target: 49,800-49,720❌ Stop Loss: Above 50,150
📝 Educational Tip: In strong gap-up scenarios, avoid chasing the market immediately. Let the price consolidate near key resistance levels before taking a trade.
↔️ Sideways Possibility: If BANKNIFTY stays between 49,778 - 50,137 , it may remain range-bound. Wait for a breakout.
⚖️ FLAT Opening (Near 49,500 - 49,600)
➡️ A flat opening would indicate market indecision and a need for further confirmation.
Bullish Bias: If price takes support at 49,466 - 49,500 and starts moving up, it can retest 49,778 , then 49,966 .
📌 Entry: Above 49,600 after bullish confirmation🎯 Target: 49,778 - 49,966❌ Stop Loss: Below 49,450
Bearish Breakdown: If BANKNIFTY breaks below 49,466 , expect a move towards 49,296 or even 49,082 (last intraday support).
📌 Entry: Below 49,466🎯 Target: 49,300 - 49,082❌ Stop Loss: Above 49,550
📝 Educational Tip: Flat openings require patience. Let the market establish a clear direction before entering. Avoid overtrading in a choppy market.
🔴 GAP-DOWN Opening (200+ Points) (Typically below 49,300 )
➡️ If BANKNIFTY opens below 49,296 , it indicates weakness and possible downside towards 49,082 and 48,723 .
Bearish Continuation: If price sustains below 49,296 , expect selling pressure towards 49,082 and 48,723 .
📌 Entry: Below 49,296🎯 Target: 49,082 - 48,723❌ Stop Loss: Above 49,400
Bounce Back Scenario: If BANKNIFTY takes support at 49,082 and shows strong reversal, we may see a move back towards 49,300 or even 49,466 .
📌 Entry: Above 49,100 after confirmation🎯 Target: 49,296 - 49,466❌ Stop Loss: Below 49,000
📝 Educational Tip: In gap-down scenarios, watch for institutional buying or aggressive selling. Avoid counter-trend trades without confirmation.
📌 Risk Management Tips for Options Traders
✅ Trade with Defined Risk: Always set a stop loss before entering a trade.
✅ Avoid Overleveraging: Keep position sizes within your risk tolerance.
✅ Watch for Volatility: Sudden spikes in IV (Implied Volatility) can impact options pricing.
✅ Exit at Key Levels: If a trade reaches resistance/support, book partial profits.
✅ Use Spreads for Safety: Instead of naked options, consider spreads to minimize risk.
📊 Summary & Conclusion Gap-Up: Watch for resistance at 50,137 ; breakout targets 50,378 . Flat Opening: Key support at 49,466 ; break above 49,600 can lead to bullish movement. Gap-Down: Below 49,296 , expect 49,082 - 48,723 ; bounce possible from support.
🛑 Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk.
🚀 Happy Trading & Stay Disciplined! 💰
BankNifty Intraday Support & Resistance Levels for 03.02.2025Saturday’s special trading session saw BankNifty opening flat, rallying to a day high of 50,009.50, and then witnessing a sharp drop to 48,925.45. It later recovered slightly and closed at 49,506.95, losing 80 points from the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) is sideways, indicating a cautious market.
Demand/Support Zones
Near Demand/Support Zone (15m): 48,511.70 - 48,627.95
Far Demand/Support Zone (125m): 47,981.35 - 48,319.20
Far Support Level: 46,077.85 (Low from 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (Tested multiple times, current price inside the zone)
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75
Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside the Weekly Supply Zone)
Outlook
With BankNifty trading within a key resistance zone, a breakout above 50,447 could lead to further upside, while a failure to sustain may result in a retest of lower support zones. The broader trend remains weak, so stay cautious.
BankNifty Support & Resistance Levels for Budget Day 01.02.2025Friday’s session was marked by strong volatility, with BankNifty opening negative and making a day low of 49,031.80 before rallying to 49,674.80. It then dropped to 49,302, only to surge again, closing at 49,587.20, gaining 275 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) has turned sideways, indicating potential consolidation.
Demand/Support Zones
Near Demand/Support Zone (15m): 49,031.80 - 49,167.90
Near Demand/Support Zone (15m): 48,511.70 - 48,627.95
Far Demand/Support Zone (125m): 47,981.35 - 48,319.20
Far Support Level: 46,077.85 (Low from 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (Tested multiple times, current price inside this zone)
Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (Inside the Daily Supply Zone)
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75
Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside the Weekly Supply Zone)
Outlook
With the Union Budget 2025 set to be presented in Parliament, expect high volatility in Saturday’s special trading session (1st February). For intraday trading, focus on higher time frame zones (75m, Daily, Weekly) instead of lower time frames (30m, 15m, 5m) for better clarity and precision.
BankNifty Intraday Support & Resistance Levels for 31.01.2025Thursday’s session was marked by high volatility, with BankNifty opening flat and making a low of 49,031.80. It then rallied to 49,360.65, dropped again to 49,114.05, and rebounded to a day high of 49,426.20 in the final trading hour, entering the multiple-time-tested Daily Supply Zone. The index closed at 49,311.95, gaining 146 points over the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) is Negative to Sideways, signaling potential uncertainty ahead.
Demand/Support Zones
Near Demand/Support Zone (15m): 48,511.70 - 48,627.95
Near Demand/Support Zone (30m): 47,981.35 - 48,195.40
Near Support Level: 46,077.85 (Low from 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (Tested multiple times)
Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (Inside the Daily Supply Zone)
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75
Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside the Weekly Supply Zone)
Outlook
BankNifty is hovering near a strong supply zone, and a breakout above 49,500 could lead to further upside towards 50,000+ levels. However, failure to sustain at current levels may bring support zones into play.
BankNifty Intraday Support & Resistance Levels for 30.01.2025On Wednesday, BankNifty opened with a gap-up, showing initial strength. It made a low of 48,849.80, attempted a rally to 49,165.75, but retraced back to 48,859.70 before recovering again to hit the day's high at 49,199.65. Eventually, it closed at 49,165.95, gaining 299 points over the previous close. The Weekly Trend (50 SMA) and the Daily Trend (50 SMA) remains Negative, indicating overall weakness despite short-term recovery.
Demand/Support Zones
Near Demand/Support Zone (15m): 48,511.70 - 48,627.95
Near Demand/Support Zone (30m): 47,981.35 - 48,195.40
Near Support Level: 46,077.85 (Low from 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested multiple times)
Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (inside the Daily supply zone)
Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75
Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (inside the weekly supply zone)
Outlook
BankNifty is trading close to a strong supply zone (49,230 - 50,447), making this a crucial resistance level. Failure to break above this zone could lead to another downward move toward 48,000 or lower. However, a decisive breakout above 50,000 could trigger further upside.
With Budget 2025 around the corner, expect heightened volatility in the coming sessions.