Bank Nifty Future Levels for 03/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Selling was intense in last 30 minutes. Consolidation is going on. India VIX has jumped up more than 11% in last two days. We need to be careful at higher levels and utilize profit booking opportunities whenever possible.
Bankniftylevels
Bank Nifty Future Levels for 03/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Selling was intense in last 30 minutes. Consolidation is going on. India VIX has jumped up more than 11% in last two days. We need to be careful at higher levels and utilize profit booking opportunities whenever possible.
Bank Nifty Levels for 02/08/2022Dear traders, I have identified Bank Nifty level based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2.
Bank Nifty reached in Over bought zone with high put call ratio . Max call writing OI at 38000 and max put writing OI at 37500. Is it a good time to book profit? Please respond with your views. Many thanks
Bank Nifty Levels for 02/08/2022Dear traders, I have identified Bank Nifty level based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2.
Bank Nifty reached in Over bought zone with high put call ratio. Max call writing OI at 38000 and max put writing OI at 37500. Is it a good time to book profit? Please respond with your views. Many thanks
Have a profitable day ahead!
Banknifty view for 28/07/22Bank nifty and nifty gave a nice move and foemed a bullish engulfing candle.
The moving averages (20 and 200ema) are close enough.
The smaller time frame bearish trend seems to be over and market can carry the moment further.
On 15 minute analysis, the market has pushed above its 20 ema and has closed around 36800.
Support :- 36475, 36300
Resistance :- 36900, 37160
Wait and watch the price action near the levels before trading the market.
Bank Nifty - For educational Purpose. - Trend-line1) Bank Nifty at important level if open flat and break resistance then breakout possible. buy above 34720 stop loss 50 to 60 points
2) If open big gap up then wait till it come near support level 34720 (Which is currently resistance) and take one call option position or sell put option stop loss 50 to 60 points
3) If open big gap down then wait till it come near resistance level 34700 to 34720 (Which is currently resistance) and take one put option position or sell call option stop loss 50 to 60 points
Important:
Always trade when you get setup.
Think about risk and reward before taking trade.
Position size should be correct.
More than technical analysis money management is important.
Bank Nifty Intraday View 13th July 2022Long above 35240, Keep trailing profits as per the drawn resistances, SL 35150
Short below 35160, Keep Trailing profits as per the drawn support, SL 35240
You can do scalping with the help of the lines drawn.
NOTE : Don't jump into the market as soon as it opens, understand the trend and enter the trade.
Banknifty view for 10/04/22Bank nifty opened gap down and in the last trading hour it shot up breaking, sustaining and closing above the 20 DMA.
Thou, on horly time frame it has closed between the 2 moving averages.
On 15 minute analysis, it has taken resisitance from its 200 ema in final minutes of session.
Support :- 35000, 35800
Resistance :- 35200, 35300
Markets can remain sideways or in the uptrend.
Wait and watch the price action near the levels before trading the market.
BANKNIFTY heading down to 34800 levels ? Time to go SHORTBANKNIFTY is showing weak signals and may go down to 34800 levels.
Due to heavy intraday selling pressure from FIIs specially in Banking/Financial sectors, is pulling Nifty Bank.
BANKNIFTY has to break above 35450 levels decisively with Big Green candle w/t heavy volumes to scare the Bears.
If BANKNIFTY is unable to hold 35175 levels, then it can fall drastically to 34800 levels which is a strong Buy Zone.