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Bankniftyanalysis

[INTRADAY] #BANKNIFTY PE & CE Levels(09/08/2024)Market Outlook for Bank Nifty: Opening: Expected to open with a gap up near the 50,500 level. Potential Reversal: After opening, a reversal at the 50,500 level could continue the bearish trend. Downside Potential: If a reversal is confirmed if banknifty starts trading below 50450 level, a downside rally of 400-500 points could occur after that. Extended Downside: The rally might extend by an additional 400-500 points if Bank Nifty trades below the 49,950 level. Upside Potential: Any upside rally is only anticipated if Bank Nifty sustains and trades above the 50,550 level.
NSE:BANKNIFTY
by TradZoo
Consider Buying Bank Nifty at 50,438.30 using SMCWe have identified an opportunity to enter Bank Nifty at 50,438.30. This trade setup leverages the Smart Money Concept (SMC) and takes advantage of a Fair Value Gap (FVG) above a Demand Zone. Trade Details: Entry Price: 50,438.30 SL: 49,616.75 (-1.63%) TP: 53,248.25 (+4.05%) Fair Value Gap (FVG): An FVG represents a quick price move with little trading volume, often driven by institutional activity. It can serve as a support or resistance area, making it a strategic entry point. Demand Zone: Positioned below the entry price, this zone indicates strong buying interest, suggesting that institutional investors may support the price at this level. Stop Loss (SL): Placed at 49,616.75, just beneath the FVG, to limit risk at 1.63%. This safeguard helps protect against unfavorable price movements. Take Profit (TP): Targeting 53,248.25, with a potential gain of 4.05%, aiming for a supply zone where selling pressure might emerge. This approach is designed to align with institutional activities by identifying critical market zones. Always remember, trading involves risks. Stay updated and adjust your strategy accordingly. 📊💼 Like and follow for more trading insights, and share this with your network! 🔔👥
NSE:BANKNIFTYLong
by smarttrader012
BANK NIFTY BUDGET DAY ANALYSIS 23/07/2024BUY ABOVE - 52400 SL - 52200 TARGETS - 52620,52800,53000 SELL BELOW - 52200 SL - 52400 TARGETS - 52000,51740,51510 NO TRADE ZONE - 52200 to 52400 Previous Day High - 52400 Previous Day Low - 52000 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
2
Banknifty_Intraday (11-0Jul-2024)The image displays a 30-minute intraday chart for the Bank Nifty index. Here are the key details: Date: The data is for July 11, 2024. Index Levels: The Bank Nifty index is shown at a closing price of 52,217.30, up by 42.90 points. Technical Analysis Features: EMA: The chart includes a 20-period Exponential Moving Average (EMA) shown at 52,266.22. Fibonacci Retracement Levels: Notable Fibonacci retracement levels from recent peaks and troughs are marked, with specific levels labeled such as 0.751, 0.799, 0.94, and 1.003. Trading Signals: -Buy Signal: A green arrow suggests buying above 52,350 with a target of 53,700+. -Sell Signal: A red arrow indicates selling below 52,000 with a target of 52,000 or lower.
NSE:BANKNIFTY
by Praveenmor7
banknifty Intraday (10-Jul-2024)The image displays a chart for the Nifty 50 index from the National Stock Exchange of India, showing intraday movements on a 15-minute time frame. The chart includes details such as: Index Information: The Nifty 50 Index is shown at various prices, with the current price being 24,417.25, down by 16.80 points. Technical Analysis: There's a 20-period Exponential Moving Average (EMA) indicated at 24,401.59. Trading Recommendations: -Buy Signal: A green arrow points upwards with a note to "Buy Above 24450" targeting an open position above 24,550. -Sell Signal: A red arrow points downwards suggesting to "Sell Below 24375" with a target (Tgt) of 24,275 or lower.
NSE:BANKNIFTY
by Praveenmor7
Banknifty Intraday (09-Jul-2024)Description: Join us for intraday trading analysis on BANKNIFTY. We've marked significant buy and sell targets based on the latest price movements and EMA trends. Buy Signal: If BANKNIFTY breaks above 52,700, consider going long with a target of 53,200+. This is indicated by the potential support break and bullish momentum. Sell Signal: Alternatively, a move below 52,275 could signal a selling opportunity, aiming for a target just below 52,000. Chart Details: -Time Frame: 15 minutes -Indicator: 20-period Exponential Moving Average (EMA) Trading Strategy: The strategy revolves around the key psychological levels marked on the chart. We recommend setting tight stop-loss orders to manage risk effectively. Disclaimer: Trading involves risk and is not suitable for all investors. Please perform your own due diligence before making any trading decisions.
NSE:BANKNIFTY
by Praveenmor7