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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.
NSE:BANKNIFTY
by LiveTradingBox
The Day Ahead 05th March ’25 Wednesday March 5 Data: US February ISM services, ADP report, January factory orders, China February Caixin services PMI, UK February new car registrations, official reserves changes, France January industrial production, Italy February services PMI, January retail sales, Eurozone January PPI, Canada Q4 labor productivity, Australia Q4 GDP, Switzerland February CPI Central banks: Fed's Beige Book, BoJ's Uchida speaks, BoE's Bailey, Pill, Greene and Taylor speak Earnings: Marvell, adidas, Zscaler, Bayer, Sandoz, Abercrombie & Fitch This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
SPOT - My Mom Says I Have A short Bias...hmmm...Most of my Charts I analyze are currently showing a short setup. Mom says I'm shorting the whole world. hmmm... However, here's another one, just to keep the streak going. §8-) Spotify is at the U-MLH = At the upper extreme. The next natural move should be down to the Centerline. Since I have no magic wand to show me the Future, I lean on my stats and my experience. Shorting Spotify down to the Centerline or getting stopped out abve the U-MLH. Simple (...but not easy ;-) ) ...have to run, Mom calls for Dinner.
NYSE:SPOTShort
by Tr8dingN3rd
DxyThis is a technical analysis of the U.S. Dollar Index (DXY) on a 2-hour timeframe. The chart indicates a bearish outlook, with price currently at 105.166 and showing signs of a downtrend. Key Observations: 1. Downtrend Confirmation: The price has been consistently forming lower highs and lower lows, suggesting bearish momentum. 2. Supply Zone (Red Box): A red zone is marked at the top, indicating a possible resistance or supply zone. This suggests that if the price moves back up into this area, it could face selling pressure and drop again. 3. Projected Price Action (White Box & Arrow): The gray box below represents a potential target zone for the bearish move. The zigzag pattern inside the box suggests a possible minor retracement before continuing downward. Conclusion: The analysis suggests a sell scenario if the price respects the supply zone and rejects it. A break above the red zone would invalidate this bearish outlook. The target area appears to be around 103.866, which aligns with a previous support level. Would you like any modifications to this analysis?
TVC:DXYShort
by MARK_STEVAN
DXY(US Dollar Index)// Bearish Outlook, Reversal pattern confirm📉 DXY (US Dollar Index) Outlook 📉 DXY has broken the upward trendline with a significant gap down, forming strong bearish candles. A head and shoulders pattern at the top signals a confirmed reversal. The index is currently near the neckline and 200EMA, which serve as a demand zone and potential retracement point toward the trendline or second shoulder. 🎯Technical Targets: 105.90, 103.40 💡 Implication: The dollar is likely to decline toward its real value. 📢 Support Us: Like, comment, and follow for more insights. Kind regards, TrendLogic1
TVC:DXYShort
by TrendLogic1
1
Ethereum creating a multiple year symmetrical triangle!?! Hello Everyone, I am LiquidMex here to share my opinion on the weekly Ethereum chart. What is a symmetrical triangle?!? A symmetrical triangle is a common chart pattern in technical analysis. It occurs when the price of an asset fluctuates within a narrow range, forming two converging trendlines. The upper trendline connects a series of lower highs, while the lower trendline joins a sequence of higher lows As the price of Eth declines so does the chance of Ethereum recovering to break all-time highs, President Trump announced a Crypto Reserve listing Ethereum as one of the 5 coins in the Crypto reserve. We saw a nice pump in price the day of announcing the Crypto Reserve followed by a continuation of a sell off. Key level of support $1,980 The Key level to stay above is around $1,980 breaking below that key level would result in a crash ultimately down to the $1,500's This key level of support is critical that it holds as if it does hold i would assume in the chart depicted above we would create a Symmetrical Triangle. I would expect Ethereum to have a breakout of the symmetrical triangle within the next 500 days. Currently the overall crypto markets look uncertain i personally believe we have started a 1.5 year bear market i don't think we will go much lower but i do believe there will be alot of sideways price action for months to come. If you found value in my technical analysis Ethereum make sure to smash that like button and give me a follow.
by Liquidmex
GUSH in Buy ZoneMy trading plan is very simple. I buy or sell when at three of these events happen: * Price tags the top or bottom of parallel channel zones * Money flow spikes beyond it's Bollinger Bands * Stochastic Momentum Index (SMI) at near oversold overbought level * Price at Fibonacci levels So... Here's why I'm picking this symbol to do the thing. Price in buying zone at bottom of channels Stochastic Momentum Index (SMI) at oversold level Money flow momentum is spiked negative and under bottom of Bollinger Band Entry at $21.94 Target is upper lower channel around $28
AMEX:GUSHLong
by chancethepug
Nvidia’s Sharp Decline: Market Turbulence or Buy Opportunity?Nvidia ( NASDAQ:NVDA ) shares took a steep dive on Monday, falling nearly 9% after former President Donald Trump confirmed that tariffs on imports from Canada and Mexico will take effect on Tuesday. This sharp drop contributed to broader market weakness, with the Dow tumbling 800 points (-1.8%) and the Nasdaq Composite sliding over 3%. Despite Nvidia’s recent earnings beat, its stock has fallen over 13% since last Wednesday, erasing its $3 trillion market cap and bringing its valuation down to $2.79 trillion. However, Tuesday’s trading session saw a notable rebound, with NASDAQ:NVDA gaining 3% as buying pressure returned. Given the technical setup and macroeconomic factors at play, is Nvidia poised for a comeback? Tariff Fears and Supply Chain Scrutiny Nvidia’s revenue surged 78% year-over-year to $39.33 billion in its latest earnings report, surpassing analysts’ expectations. However, investor sentiment remains cautious due to the uncertainty surrounding new trade tariffs. Trump’s 25% tariff on imports from Mexico and Canada could impact Nvidia’s supply chain. While most of Nvidia’s chips are manufactured in Taiwan, other high-end components and full computing systems are assembled in Mexico and the U.S., making them subject to the new duties. Technical Analysis Despite Monday’s sharp sell-off, Tuesday’s market session saw a 4% bounce, signaling potential recovery. Key technical indicators suggest a possible shift in momentum. Nvidia’s relative strength index (RSI) has dipped close to oversold territory, suggesting the stock may be due for a reversal. NASDAQ:NVDA is trading at levels last seen in September, a historically strong support area that could trigger buying interest. With traders digesting tariff implications and market conditions stabilizing, Nvidia could see a short-term bounce if momentum continues.
NASDAQ:NVDALong
by DEXWireNews