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GIFT NIFTY BANK INDEX FUTURESGIFT NIFTY BANK INDEX FUTURESGIFT NIFTY BANK INDEX FUTURES

GIFT NIFTY BANK INDEX FUTURES

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BANKNIFTY1! trade ideas

43850 an area of importanceabove this zone i will look for buying in the index this area in my observation is a major activity level the zone i have marked in color area above this level the index is not been able to sustain and has given a fake rally once at a very important area now i will plan according to how it behaves from this zone most likely it will turn for down side from here but i will turn bullish above this zone but till zone is not taken by bulls i am negative on banknifty i am posting this because i only trade banknifty options only and it is for my reference not any suggestion or recomendation
NSE:BANKNIFTY1!
by Tradegainer
I am short on banknifty for positional tradehave sold 44200 ce of 29 jun expiry in the last pump of friday session my stoploss will be the latest trendline and 44150 on banknifty futures level and the chart posted is also of banknifty futures the chart i posted is a 3hour chart could not post daily chart as it will not show the clear picture of price action i have took this trade for just three days duration that is maximum i will carry it till wednesday max even in profit or loss as the monthly expiry of 29 jun 44000 ce is showing bullishness that is there can be a dip for 2/3 days but not for month end and the stop loss is very near and even at stoploss also i may exit with profit i will share my entry price on monday morning and will post exit also
NSE:BANKNIFTY1!Short
by Tradegainer
After the bearish impulsive wave, Bank Nifty was in a correctionIn recent market movements, Bank Nifty has experienced a notable development as it broke a channel pattern. Following the breakout, the price action displayed a bearish impulsive wave on June 15th, indicating a strong downward movement in a relatively short period. After the bearish impulsive wave, Bank Nifty witnessed a corrective wave on June 16th. This type of wave typically represents a temporary pause or counter-trend movement before the broader trend resumes. The corrective wave may have attracted buyers looking for potential opportunities amid the recent downward momentum. Looking ahead, there is a possibility of another impulsive wave on Monday, June 19th. An impulsive wave suggests a strong directional move in the market and could potentially amplify the prevailing bearish sentiment in Bank Nifty. Traders and investors will closely monitor the price action and key technical levels to assess the strength and sustainability of this potential wave. It is important to consider that market movements are influenced by various factors, including economic indicators, corporate earnings, geopolitical events, and overall market sentiment. These factors may impact the direction and intensity of future price movements in Bank Nifty. Traders should exercise caution and utilize appropriate risk management strategies when considering positions in Bank Nifty or any other financial instrument. Staying informed about the latest market developments and seeking advice from financial professionals can help make well-informed investment decisions. Please note that market conditions are subject to change, and it is advisable to stay updated with the latest news and analysis for accurate assessments of the market trends.
NSE:BANKNIFTY1!Short
by mrparastiwari
BankNifty Breaks Channel Pattern, Approaches Support AreaDate: June 14, 2023 BankNifty, a key index tracking the performance of banking stocks in India, has recently broken a well-defined channel pattern, followed by a well-executed pullback. Currently, the market finds itself at a crucial support area of 43,571.00. Traders and analysts are anticipating a potential breakout of this support level, with the next target identified at 42,974.60. The breach of the channel pattern by BankNifty signifies a shift in market dynamics, prompting attention from market participants. After the breakout, the market underwent a textbook pullback, confirming the strength of the breakout and suggesting further price movements. Presently, BankNifty has reached a significant support area at 43,571.00. This level serves as a key psychological and technical zone where buyers have historically shown interest, potentially leading to a bounce or a breakout. Traders are closely monitoring the market for a potential breakout of the support area. Should BankNifty surpass this level, it could indicate a continuation of the bearish sentiment, with the next target projected at 42,974.60. However, it is important to exercise caution and consider multiple perspectives when interpreting market movements. Unforeseen factors, including economic data releases, geopolitical events, or shifts in investor sentiment, can influence market direction and introduce volatility. Traders are advised to stay vigilant, employ appropriate risk management strategies, and factor in relevant technical indicators and fundamental analysis. Prudent decision-making and careful trade execution are crucial when engaging in the dynamic environment of the financial markets. Please note that this analysis serves for informational purposes only and should not be considered as financial advice. Trading in the financial markets carries inherent risks, and individuals should conduct their own research and consult with financial professionals before making any investment decisions.
NSE:BANKNIFTY1!Short
by mrparastiwari