Today BANKNIFTY intraday levelsThis chart has 3 levels,
If above breakout it's bulllish market
If below levels breakdown berish market
If market is in in between 3 levels it's sideways or volatile market
BANKNIFTY trade ideas
BankNifty Intraday Support & Resistance Levels for 29.01.2025On Tuesday, BankNifty opened with a gap-up, signaling strong buying interest. It made a low of 48,449.05 before rallying to a high of 49,247.15. However, in the final trading hour, it gave up some gains, closing at 48,866.85, marking an impressive gain of 802 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain Negative, reflecting underlying bearishness.
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's strong rally above 49,200 suggests potential for recovery, but the inability to sustain gains highlights persistent selling pressure near critical resistance levels. The 48,000 - 48,500 zone is a key support area, while resistance near 49,800 - 50,500 could limit upside moves. With the Budget 2025 around the corner, expect heightened volatility in the sessions ahead.
BANK NIFTY S/R for 29/1/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
BANKNIFTY : Trading levels and plan for 29-Jan-2025Below is a structured trading plan for Bank Nifty for 29th January 2025, covering all possible opening scenarios. Each scenario explains how to act on specific levels, keeping risk management in mind to trade smartly.
📈 Scenario 1: Gap-Up Opening (200+ points above 48,886)
If Bank Nifty opens with a gap-up, watch for levels around 49,020:
🔹 Resistance Zone: 49,020 - Wait for price action confirmation here. If this level holds as resistance, consider initiating a put option trade , targeting 48,759-48,858.
🔹 If 49,020 breaks with volume, it could lead to a rally towards the Profit Booking Zone: 49,547-49,596. Plan for call options with a strict stop-loss at 48,880.
🔹 Avoid overtrading in choppy markets near 49,020 without clear signals.
💡 Pro Tip: Wait for a 15-minute candle close above/below the key levels for better clarity.
📉 Scenario 2: Flat Opening (Near 48,886)
A flat opening brings the market closer to its current closing price, making 48,759-48,858 a crucial pivot area:
🔹 If Bank Nifty sustains above 48,886, target 49,020 first and later 49,311. Ideal for buying call options .
🔹 If Bank Nifty slips below 48,759, expect weakness towards 48,459-48,558. Look for put option trades with SL above 48,900.
💡 Pro Tip: Flat markets often give breakout/breakdown opportunities within the first hour. Patience pays!
⬇️ Scenario 3: Gap-Down Opening (200+ points below 48,886)
A bearish gap-down will test buyers' interest near support levels:
🔹 Support Zone: 48,459-48,558 – Watch for signs of reversal. If the price rebounds here, go for call options , targeting 48,759-48,858.
🔹 If 48,459 breaks decisively, expect further downside towards 48,167. Plan for put options , keeping SL above 48,500.
🔹 Avoid aggressive trades near 48,167; markets may consolidate.
💡 Pro Tip: Always align your trades with market sentiment after the opening direction becomes clearer.
🛡️ Risk Management Tips for Options Trading
🔹 Use a fixed percentage of capital for each trade (e.g., 1-2%) to limit exposure.
🔹 Avoid chasing trades; let the market come to your levels.
🔹 Always use stop-loss and avoid averaging losing positions.
🔹 Focus on at-the-money (ATM) or slightly out-of-the-money (OTM) options for liquidity.
📊 Summary and Conclusion
Key Resistance Zones: 49,020, 49,311, 49,547-49,596
Key Support Zones: 48,759-48,858, 48,459-48,558, 48,167
📌 The plan is structured to work across multiple scenarios. Stick to the strategy and avoid emotional decisions. Remember, consistency is key in trading!
⚠️ Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Trade responsibly. 😊
The weekly ratio of Bank Nifty to NiftyThe weekly ratio of Bank Nifty to Nifty, with a long-term symmetrical triangle pattern forming. The convergence of the trendlines suggests that the ratio is approaching a breakout point.
Upside breakout: This could indicate stronger relative performance by Bank Nifty over Nifty.
Downside breakout: May signal underperformance by Bank Nifty compared to Nifty.
[INTRADAY] #BANKNIFTY PE & CE Levels(28/01/2025)Today will be slightly gap up opening expected in banknifty. After opening if it's sustain above 48050 level then expected market will consolidate between the 48050-48450 level in today's session. Major downside rally expected if banknifty starts trading below the 47950 level in today's session. This downside rally can goes upto 47550 level after the breakdown.
BANKNIFTY :Trading levels and Plan for 28-Jan-2025📊 📊
📈 Key Levels to Watch:
Opening Resistance Zone: 48,309-48,442
Profit Booking Zone for Retracement: 49,020-49,170
Opening Support Zone: 47,805-47,964
Buyers’ Support Zone: 47,208-47,361
🌟 Scenario 1: Gap-Up Opening (200+ points above 48,442) 🌟
If BANKNIFTY opens significantly above 48,442:
✅ Wait for Retest: Allow the index to retest the 48,442 level before initiating trades. A strong retest confirms bullish momentum.
📈 Action Plan: If the price sustains above 48,442, initiate long trades targeting the Profit Booking Zone: 49,020-49,170 . Use a stop-loss below 48,300.
🚫 Caution Zone: Watch for signs of exhaustion near 49,020-49,170. Profit booking is advised at this level as it could lead to a retracement.
💡 Pro Tip: Use bull call spreads or OTM call options to limit risk while benefiting from the upside potential.
📉 Counter Strategy: If a bearish rejection is observed at the profit booking zone, consider short trades targeting 48,442, with a strict stop-loss above 49,200.
🔄 Scenario 2: Flat Opening (Near 48,026-48,182) 🔄
If BANKNIFTY opens flat or within the Opening Support Zone: 47,805-47,964:
⚪ Avoid Immediate Trades: Wait for a decisive breakout above 48,182 or a breakdown below 47,964.
🔼 Breakout Strategy: If the price breaks above 48,182, go long targeting 48,309-48,442. Place a stop-loss below 48,000.
🔽 Breakdown Strategy: If the price breaks below 47,964, initiate short trades targeting 47,805 and further extending to 47,361. Keep a stop-loss above 48,050.
💡 Pro Tip: In flat openings, time decay works against options buyers. Focus on directional trades or hedging strategies.
🚦 Options Strategy: A straddle or strangle around the flat opening level can help capture volatility from breakouts or breakdowns.
🌧️ Scenario 3: Gap-Down Opening (200+ points below 47,964) 🌧️
If BANKNIFTY opens below 47,964:
📉 Key Zone to Watch: The Buyers’ Support Zone: 47,208-47,361 is critical. Look for bullish price action like a hammer or bullish engulfing candles in this zone for a reversal.
✅ Action Plan: If the price holds above 47,208, initiate long trades targeting 47,805 and 47,964. Use a stop-loss below 47,150.
🔥 Aggressive Selling Levels: If the price sustains below 47,208, further downside toward 46,800 is possible. Short trades can be initiated with strict risk management.
💡 Pro Tip: In gap-down scenarios, volatility spikes. Utilize protective puts to hedge your trades.
🚫 Avoid Overtrading: Wait for clear signals in the Buyers’ Support Zone before entering any trades.
🛡️ Risk Management Tips 💡:
🎯 Stick to your stop-loss levels strictly. Risk only 1-2% of your capital on a single trade.
🧘 Be patient and disciplined. Don’t force trades in uncertain zones.
🛑 Avoid trading during the first 15 minutes of market opening unless a clear trend is established.
🔄 Use options strategies like spreads and hedges to manage risk and limit loss.
📝 Summary & Conclusion:
Key Zones to Monitor:
Resistance: 48,309-48,442 and 49,020-49,170.
Support: 47,805-47,964 and 47,208-47,361.
Gap-up openings favor long trades targeting the profit booking zone. Gap-down openings require caution near the Buyers’ Support Zone.
Focus on directional moves and avoid overtrading in uncertain zones.
⚠️ Disclaimer:
I am not a SEBI-registered analyst . The information provided is for educational purposes only. Please consult your financial advisor before making any trading decisions.
BankNifty Intraday Support & Resistance Levels for 28.01.2025On Monday, BankNifty opened with a massive gap-down of 486 points, reflecting strong bearish sentiment. It initially dropped to a day low of 47,844.15, staged a recovery to hit a high of 48,319.20, but eventually lost momentum again to close at 48,064.65, down by 303 points from the previous close. The Weekly Trend (50 SMA) has now turned Negative, in line with the already Negative Daily Trend (50 SMA).
Demand/Support Zones
Near Support Zone: 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 (within 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 (within the Weekly Supply Zone)
Outlook
After briefly breaking below the 48,000 mark (last seen on 13th January), BankNifty managed to reclaim this level by the session's close. With the Weekly Trend turning negative, INDIAVIX surging by 8%, and a major event, Budget 2025 on the horizon, heightened volatility is expected in the coming sessions.
BANKNIFTY IS TRADIND IN FALLING PARALLEL CHANNELBanknifty is trading in falling parallel channel since Dec-2024, So, keep sell on rise view on banknifty.
BANKNIFTY KEY LEVELS FOR 28/01/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
BANKNIFTY Potential price actionI mentioned the significance of the green lines visible on the chart, which represent key levels. Specifically, I highlighted yesterday’s low and explained that if the price breaks below this level, it could undercut the previous support at 48,074.
As we can see, both levels were breached with a gap down. However, the price has been recovering since then and continues to do so. Currently, the level around 48,300 appears to act as a resistance. If the price manages to break above this level, it could signal bullish momentum, with potential targets at 48,800 and 49,000.
On the downside, the price will only turn bearish if it breaks below 47,841, which is a critical support level for now. Let’s monitor how the price behaves during the rest of today’s session or tomorrow to get a clearer picture of the market’s direction.
[INTRADAY] #BANKNIFTY PE & CE Levels(27/01/2025)Today will be gap down opening expected in index. Possible banknifty will open near 48000 level in today's session. After opening if it starts trading below 47950 level then further sharp downside rally expected of 400-500+ points. Any bullish side movement only expected if banknifty starts trading and sustain above 48550 level.
BANKNIFTY : Trading levels and Plan for 27-Jan-2025🚀 BANKNIFTY Trading Plan for 27-Jan-2025 🚀
📊 Key Levels to Watch:
Opening Support: 48,272
Initial Support Zone: 47,802-47,962
Must-Try Zone for Buyers: 47,208-47,358
Opening Resistance: 48,482-48,520
Last Intraday Resistance: 48,772
Profit Booking/Sideways Zone: 49,008-49,092
🌟 Scenario 1: Gap-Up Opening (200+ points above 48,520) 🌟
If BANKNIFTY opens significantly above 48,520:
✅ Wait for Retest: Avoid chasing the price immediately. Let the index retest the 48,520-48,482 zone.
📈 Action Plan: If a bullish reversal pattern forms at the retest, initiate a long trade targeting 48,772 and 49,008 . Maintain a stop-loss below 48,450.
⚠️ Avoid Overtrading: If the price consolidates above 49,008 without strong momentum, it’s likely entering a sideways zone (profit booking). Avoid initiating new longs in this zone.
💡 Pro Tip: Use option spreads (e.g., bull call spreads) to manage risk and minimize losses in case of reversals.
🔄 Scenario 2: Flat Opening (Near 48,349) 🔄
If BANKNIFTY opens near the current level:
⚪ No Trade Zone: The range 48,349-48,482 is a no-trade zone. Wait for a clear breakout or breakdown.
🔼 Breakout Strategy: If the price breaks above 48,482 , enter a long trade targeting 48,772 and 49,008 . Place a stop-loss below 48,350.
🔽 Breakdown Strategy: If the index slips below 48,272 , initiate a short trade targeting 47,802-47,962 . Use a stop-loss above 48,350.
💡 Pro Tip: Use a trailing stop-loss to lock in profits during strong directional moves.
🌧️ Scenario 3: Gap-Down Opening (200+ points below 48,272) 🌧️
If BANKNIFTY opens below 48,272:
📉 Watch Initial Support: Look for bullish activity around 47,802-47,962 . If the price holds this zone, consider buying with a target of 48,272 . Place a stop-loss below 47,780.
🔥 Must-Try Zone for Buyers: If the price slips to 47,208-47,358 , this is a high-probability reversal zone. Enter longs with strict risk management, targeting 47,802 . Stop-loss below 47,200.
⚠️ Avoid Weak Trends: If no clear reversal pattern forms in these zones, avoid taking trades and wait for better clarity.
💡 Pro Tip: For gap-down scenarios, consider short straddle or strangle strategies to capitalize on increased volatility.
🛡️ Risk Management Tips 💡:
🔥 Never risk more than 2% of your capital on a single trade.
🎯 Use option spreads to limit risk and reduce premium decay.
🚦 Trade only within defined levels and avoid overleveraging.
🌍 Keep an eye on global markets and macroeconomic news before entering trades.
📝 Summary & Conclusion:
Key Levels: 48,272 (support) and 48,482 (resistance).
Gap-up openings favor long trades above 48,520 ; gap-downs focus on supports like 47,802 .
Strictly adhere to risk management principles.
⚠️ Disclaimer:
I am not a SEBI-registered analyst . All views shared are for educational purposes only. Please consult your financial advisor before making any trading decisions.
Bank Nifty - Diamond pattern Breakdown - Towards 46500Bank nifty has shown diamond pattern breakdown at 50,400.
It has major support on 49,671.
If it is broken then further targets to follow as below based on diamond pattern,
49000 / 48200 / 47000 / 46500
Banknifty January 5th week analysis Banknifty is looking uncertain. The downside risk is still open, and the range of 47600-100 will be crucial for short covering. And on the upside, 48900 will be a very important level for upside in Banknifty. Once Banknifty crosses and sustains above 48900, then it can go upto 49600-700. Although I expect banknifty to close in green on weekly basis .
Monday - BankNifty (trading level)Intraday level to watch out for on Monday.
Markets will surely test the market levels.
Wait and watch for the levels to be tested and enter the trade
If the Resistance is tested, wait for the rejection candle and use the same candle low as entry and high as SL for the below target level as exit.
If the support is tested, wait for the support candle and use the same candle high as entry and low as SL for the above target level as exit.
Trade on your own risk, not a recommendation. Or you this for study purpose.
If i get 20 likes for this, i can post the same for Tuesday.
BANKNIFTY KEY LEVELS FOR 27/01/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
BANK NIFTY | LONG REVERSAL | SWINGBANK NIFTY has formed a base and is showing tendency to reverse from the Lows.
Higher Lows are being formed.
Price had rejected the Weekly Pivot and is now holding it which means that there is Buying happening. In most likelihood, there will be a short covering reversal.
Target - 50,200
SL - Todays' low.
Where is bank nifty headed?It has broken the parallel channel so two things can happen.
if there is a sharp fall from here, the recovery will be quick and it will go back to the parallel channel.
However, since there is a gap in NIFTY around 21k and it might go.. there is high possibility for banknifty to go into the second parallel channel which is what is more longer term. By chance if it falls to that 32000 level, that will be the time to get all in!! Because then again, the recovery will be super quick. It is on weekly chart, so it will take time to unfold.. may take weeks, or even several months..
This is a reminder post for myself too.. that if it goes to 32000 by any chance.. then I will not panic and i will invest at that time......
[INTRADAY] #BANKNIFTY PE & CE Levels(24/01/2025)Today will be gap up opening expected in banknifty. After opening if it's sustain above 48550 level then upside move possible upto 48950 level. In case banknifty starts trading above 49050 level then possible strong upside move of 400-500+ points in index. Any downside movement only expected below 48450 level.
BANKNIFTY KEY LEVELS FOR 24/01/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
BANKNIFTY : Trading Levels and Plan for 24-Jan-2025📈 BANKNIFTY Trading Plan for 24-Jan-2025 📊
Here’s a detailed trade plan for BANKNIFTY for all possible opening scenarios on 24-Jan-2025. Stick to the defined levels and adapt to the market’s movement for better trading outcomes. 🚀
🌟 Scenario 1: Gap-Up Opening (200+ Points) 🌟
If BANKNIFTY opens above 48,863 :
👀 Watch the Opening Resistance Zone: 48,863-49,311 .
🔼 A sustained breakout above 49,311 can lead to a rally toward the Important Resistance Zone: 49,421-49,650 , where profit booking is expected.
🔄 For a reversal trade, wait for rejection near 49,311-49,421 , which could push BANKNIFTY back toward 48,863 .
📉 If BANKNIFTY slips below 48,863 , it might test the Opening Support Zone: 48,465-48,529 .
💡 Tip: 🛑 For aggressive traders, avoid chasing breakouts unless supported by strong volume. Stick to stop-loss levels to minimize risks.
📏 Scenario 2: Flat Opening (±100 Points) ⚖️
If BANKNIFTY opens between 48,595-48,638 :
👀 Focus on the Opening Support Zone: 48,465-48,529 .
⚠️ A breakdown below 48,465 could lead to further downside toward 48,249 , which is the Last Intraday Support.
🔼 If BANKNIFTY sustains above 48,638 , expect a test of the Opening Resistance Zone: 48,772-48,863 .
🔄 Wait for a breakout above 48,863 or a breakdown below 48,465 to take directional trades.
💡 Tip: Flat openings often lead to indecision in the first hour. Be patient and wait for a clear trend to form before entering trades. ✅
📉 Scenario 3: Gap-Down Opening (200+ Points) 🛑
If BANKNIFTY opens below 48,465 :
🛡️ Immediate buyer support is expected near 48,249 . Look for signs of reversal to enter long trades.
📉 If it breaks 48,249 , further downside toward the Support at Bottom: 47,802-47,962 can be expected.
🔼 For upward momentum, BANKNIFTY must reclaim 48,465 , which can trigger a move back toward 48,638-48,772 .
🛑 Avoid aggressive trades near 47,802-47,962 unless strong reversal patterns appear.
💡 Tip: Gap-down scenarios bring high volatility. Use smaller lot sizes and trade cautiously with defined risk limits. ⚡
⚙️ Risk Management Tips for Options Trading 📌
🧮 Always calculate your maximum risk before entering a trade. Avoid risking more than 2-3% of your capital on any single trade.
⛑️ Use stop-losses for all trades.
🌐 Opt for liquid options to avoid slippage. Stick to ATM or ITM strikes for better price movements.
🛑 Avoid overleveraging and limit the number of trades during uncertain market conditions.
🔍 Summary and Conclusion 📊
🎯 Key Resistance Zones: 48,863 , 49,311 , and 49,421 .
🛡️ Key Support Zones: 48,465 , 48,249 , and 47,802 .
🔄 Focus on price action and volume near critical zones to validate your trades.
📈 A disciplined approach to trading with proper risk management is essential for consistent profitability. 🚀
❗ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please trade responsibly and at your own discretion. 😊
BNF Hammer CandleBNF form Hammer Candle
High 48781 ( once Cross we can long position)
support/ low 48074
Expected level 49700 / 49800
