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BANKNIFTY trade ideas

It is Cut and Action not Action n Cut!Central Bank's cut now the turn of BOE, hope of FED in September. BOJ rise is still digested. Risk off is huge, US 10 Y is dropping and further to go, purely on risk off. There is chance of another 10-15 bps fall. The fall in yields usually should be good, but historically if the fall is on the backdrop of risk off (risk assets gets sold), or on the expectation of recession. In any case we have not risen in terms of rates much not fallen that much, we have to look east in this respect. Dollar is on rise, save the JPY. Cues are negative, but the heavy weight HDFC Bank usually performs well in a broader downward market holding the steeper fall. Look at some of the defence like NESTLE LEVER that comes to aid. High beta will be hit hard more so on places that are held in excess. Economic data came below expectations GST higher is not looked positively in this current set up. TGIF is clearly lit large. Evening Star in Bi-Weekly (still not complete), best is larger degree wave ABC in motion, A which is of 5 is in PIP Recent low are one to look for a base if any. Support 51200-50950-50450-50200 Supply 51800-52000-52150
NSE:BANKNIFTY
by sreebhashyam
NIFTYBANK: Eastern Rise, Western Cut!Where are we now, is always an interesting question that at any point of time we put to contextually. BOJ rises rates, markets jump yesterday. Come US markets, FED pauses, but markets take as hint to September Cut. FED does what it does best, did nothing new. Recall Markets expected 6 cuts this year almost around 8-10 months back, we are yet to see one. Glamours banking results have not produced any UC moves, example is PNB, while bad results have been hammered. Manufacturing data comes lower, INFY GST notice, clarity on the Indexation, so many tick boxes. The enclosed Graph is bi-monthly, posted the evening star. Current price action is still in motion so far bearish doji. Bulls need a further move up, (Candle ends next week). OR bears need a close below the low of the previous candle. That clearly sums up 51200-52200 leave couple of points on either side. Crude jumps back and that is not a threat any time soon. Fiscal Deficit improvement is other bright spot for the bulls. Support 51300-51100-50950 Supply 51800-52000-52150
NSE:BANKNIFTY
by sreebhashyam
BANKNIFTY- Intraday Levels - 1st Aug 2024if BANKNIFTY sustain above 51696 then 51753 then 51810 above this bullish 51858 to 51915 above this more bullish then 52053 then 52242 to 52276 or 52333 If BANKNIFTY sustain below 51526 below this bearish then 51307 to 51251 below this more bearish then 51039 to 51022 then 50771 then 50560 to 50504 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:BANKNIFTY
by PrashantTaralkar
BANKNIFTY - Trading Levels and Plan for 01-Aug-2024**Trading Plan for 1st August 2024:** **Gap Up Opening (200+ Points):** If Nifty Bank opens above 51,821 (200+ points gap up): - **Action**: Observe the price action around the resistance zone of 52,011 - 52,149. - **Strategy**: If Nifty Bank sustains above 52,011, consider going long with a target of 52,149. - **Stop-Loss**: Place a stop-loss at 51,929 to manage risk. If Nifty Bank opens between 51,821 and 51,929: - **Action**: Monitor for a pullback towards the support level of 51,929. - **Strategy**: Look for bullish reversal signals near 51,929 to enter long positions targeting 52,011. - **Stop-Loss**: Set a stop-loss at 51,823. **Flat Opening:** If Nifty Bank opens flat around 51,621: - **Action**: Assess the price movement within the range of 51,523 - 51,929. - **Strategy**: Consider buying near 51,523 with a target of 51,929. - **Stop-Loss**: Place a stop-loss at 51,443. If Nifty Bank breaks below 51,523: - **Action**: Look for support around 51,443. - **Strategy**: Enter long positions if a bullish pattern emerges around 51,443, targeting 51,523. - **Stop-Loss**: Use a stop-loss at 51,046. **Gap Down Opening (200+ Points):** If Nifty Bank opens below 51,423 (200+ points gap down): - **Action**: Identify buyer support around 51,046. - **Strategy**: If Nifty Bank holds above 51,046, initiate long positions with a target of 51,443. - **Stop-Loss**: Implement a stop-loss at 50,938. If Nifty Bank opens between 51,423 and 51,621: - **Action**: Monitor for support at 51,443. - **Strategy**: Buy near 51,443 with an upside target of 51,523. - **Stop-Loss**: Set a stop-loss at 51,046. **Risk Management Tips for Options Trading:** **Position Sizing**: Allocate only a small portion of your capital to any single options trade to minimize risk. **Stop-Loss Orders**: Always use stop-loss orders to protect against significant losses. **Diversification**: Avoid putting all your capital into a single trade; diversify across different trades. **Implied Volatility**: Be aware of the implied volatility of options; higher volatility can lead to larger price swings. **Hedge Positions**: Consider hedging strategies like spreads to reduce risk. **Summary and Conclusion:** The Nifty Bank Index is currently at a critical juncture with several key support and resistance levels in play. For the trading session on 1st August 2024, traders should be prepared for various opening scenarios and adjust their strategies accordingly. Effective risk management is essential, especially when trading options, to safeguard against potential market volatility. **Disclaimer:** I am not a SEBI registered analyst. This trading plan is for educational purposes only and should not be considered as financial advice. Please conduct your own research or consult with a professional advisor before making any trading decisions. **Happy Trading!**
NSE:BANKNIFTY
by LiveTradingBox
BANK NIFTY INTRADAY ANALYSIS FOR 01/08/2024BUY ABOVE - 51750 SL - 51620 TARGETS - 52000,52200,52400 SELL BELOW - 51500 SL - 51620 TARGETS - 51270,51120,50940 NO TRADE ZONE - 51500 to 51750 Previous Day High - 51620 Previous Day Low - 51270 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
BANK NIFTY S/R for 1/8/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:BANKNIFTY
by zenthosh
BANKNIFTY- Intraday Levels -31st July 2024if BANKNIFTY sustain above 51440 then above this bullish 51584 to51640 then 51696 to 51753 above this more bullish then 51948 to 51996 or 52025 to 52082 If BANKNIFTY sustain below 51383 or 51350 then 51278 below this bearish then 50827 then 50771 to 50741 or 50685 below this more bearish then 50494 to 50438 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:BANKNIFTY
by PrashantTaralkar
It is Central Banker's TimeOne of the surprises in terms of mixed responses, or slightly below expected performance is this index and within this index many components. It is week of Central Banks, starting with BOJ little later another 90 minutes to go. Budget concerns are over as it is passed, no more debate live with it, this too shall pass. Concerns from SEBI mount, measures are in place, everyone knows what is in store, time for adjustment, re-invent another wheel. Markets evolve. It is liquidity that is driving, lack of wealth creating opportunity, or this is the easiest way to create wealth, if I hit once from 10 attempts that is enough is the approach of many. Concerning indeed. From the attached graph which is bi-weekly the picture is fairly balanced, bearish engulfing which resulted in the fall, now bullish piercing which means a rise? Shorter frames does not suggest and hence one has to wait and watch. Suffice to flag the green line as the life line. Supports 51250-51150-50950 Supply 51800-52000-52150
NSE:BANKNIFTY
by sreebhashyam
Bank Nifty Analysis for 31-07-2024: Support & Resistance LevelsMastering Bank Nifty: Trade Smart in Volatile Markets With the monthly expiry of the Bank Nifty looming tomorrow, today's session saw extreme volatility. The Bank Nifty index fluctuated wildly throughout the day, ultimately closing with a slight gain of 0.18%. This marginal rise underscores the market's indecisiveness and lack of a clear direction. Today's trading exhibited a consolidated pattern, with the Bank Nifty remaining within the previous day's range, signaling caution among traders. As Bank Nifty gears up for the monthly, market participants should keep an eye on the critical support and resistance levels for Bank Nifty. Bank Nifty Support & Resistance Levels for Tomorrow: Support Levels: The first support level is at 51,200 followed by a stronger support between 50,600 to 50,400. Resistance Levels: On the upside, the initial resistance is at 51,800 and strong resistance at 52,200 followed by 52,500. No Trade Zone: 51,200 to 51,400 Choppy Zone. Technical Indicators for Bank Nifty Prediction: Max Pain: 51,500 PCR (Put-Call Ratio): 0.75 Neutral to Bearish IV (Implied Volatility): 18.39 as of the closing on 30-07-2024. Stay tuned for more updates on Bank Nifty prediction to navigate the volatile market conditions effectively. Disclosure: The publisher of this idea is not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as financial advice. Always consult with a qualified financial advisor before making any investment decisions. The publisher does not endorse social media shares of this idea on any platform.
NSE:BANKNIFTY
by shvishal
BANK NIFTY INTRADAY LEVELS FOR 31 JULY 2024BUY - 51500 SL - 51270 TARGETS - 51750,52000,52200 SELL - 51270 SL - 51500 TARGETS - 51120,50940,50780 NO TRADE ZONE - 51270 to 51500 Previous Day High - 52000 Previous Day Low - 51270 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
BANKNIFTY : Trading Levels and Plan for 31-Jul-2024The BANKNIFTY showed a mixed performance on the previous trading day (30-Jul-2024), closing at 51,426.15 with a slight decline of -36.20 points. The index encountered resistance at 51,664.11 and faced selling pressure, leading to a retracement. Key levels to observe include 52,184.00 as a resistance/sideways zone and 51,426.15 as opening resistance/support. For the upcoming session, the trading plan will focus on different opening scenarios and their implications. **Trading Plan for 31-Jul-2024** Opening Scenarios: Gap Up (200+ points): - If BANKNIFTY opens above 51,664.11, look for resistance around 52,184.00. - Monitor price action around 52,476.00 as this could be a zone for significant profit booking. - A strong opening above these levels indicates bullish momentum; consider entering long positions if the price sustains above 52,184.00 with a target of 52,665.00. - Set a stop loss at 52,000.00 to manage downside risk. Flat Opening: - If BANKNIFTY opens flat around 51,426.15, look for initial resistance at 51,664.11. - A break above this level could indicate buying interest; consider entering long positions if the price moves above 51,664.11 with a target of 52,184.00 and 52,476.00. - If the price fails to hold 51,426.15, it may retrace towards 51,161.00. Consider short positions if this level breaks with a target of 51,044.00. - Maintain a stop loss at 51,500.00 for long positions and at 51,250.00 for short positions. Gap Down (200+ points): - If BANKNIFTY opens below 51,161.00, look for initial support around 51,044.00. - A bounce from this level could indicate buying interest; consider entering long positions if the price moves above 51,161.00 with a target of 51,426.15. - If the price continues to fall, breaking below 51,044.00, it may signal further downside; consider short positions with a target of 50,811.00. - Maintain a stop loss at 51,161.00 for long positions and at 51,000.00 for short positions. **Risk Management Tips for Options Trading:** - Position Sizing: Avoid over-leveraging; only risk a small percentage of your trading capital on any single trade. - Stop Loss Orders: Always use stop loss orders to protect your capital from unexpected market movements. - Diversification: Diversify your trades across different options to mitigate risk. - Volatility Consideration: Be mindful of market volatility and adjust your strategies accordingly. High volatility can lead to larger price swings. **Summary and Conclusion** For the upcoming session on 31-Jul-2024, it's crucial to monitor the opening scenario of the BANKNIFTY index closely. Each scenario (Gap Up, Flat, and Gap Down) has specific levels to watch and trade accordingly. Use proper risk management techniques to safeguard your investments, especially when trading options. The market can be unpredictable, so it’s essential to be prepared for various outcomes. Disclaimer: I am not a SEBI registered analyst. The views expressed here are for educational purposes only and should not be considered as investment advice. Always conduct your own research or consult with a certified financial advisor before making any investment decisions. --- This detailed trading plan provides a structured approach to navigate the BANKNIFTY index for 31-Jul-2024, ensuring preparedness for different market openings and maintaining a focus on risk management.
NSE:BANKNIFTYShort
by LiveTradingBox