Bankniftytrend
BANK NIFTY INTRADAY LEVELS FOR 03 SEP 2024BUY ABOVE - 51470
SL - 51260
TARGETS - 51620,51750,51880
SELL BELOW - 51260
SL - 51470
TARGETS - 51120,51020,50890
NO TRADE ZONE - 51260 to 51470
Previous Day High - 51470
Previous Day Low - 51260
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 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(02/09/2024)Today expected gap up opening in banknifty near 51950 level. After opening if banknifty starts trading above 52050 level then possible strong upside further rally of 400-500 points in index. 51950 level will act as an opening resistance for today's session. Downside 51550 will act as a support. Now any major downside only expected below 51450 level.
BANK NIFTY INTRADAY LEVELS FOR 02 SEP 2024BUY ABOVE - 51470
SL - 51260
TARGETS - 51620,51750,51880
SELL BELOW - 51260
SL - 51470
TARGETS - 51120,51020,50890
NO TRADE ZONE - 51260 to 51470
Previous Day High - 51470
Previous Day Low - 51260
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 👍
BANKNIFTY TODAY - Opens with a gap Up, Targets Marked for YouAfter a good upside rally, BankNifty has been on sideways from 2 straight days.
Can the gapup today give it further bullish momentum? Only time will tell.
But, Iam prepared to catch the best trades with this Risological strategy.
Banknift CE buy side setup, it is!
Good luck, folks!
Namaste 🙏
BANK NIFTY INTRADAY ANALYSIS FOR 30 AUG 2024BUY ABOVE - 51260
SL - 5120
TARGETS - 51500,51620,51750
SELL BELOW - 51020
SL - 51120
TARGETS - 50890,50740,50600
NO TRADE ZONE - 51020 to 51260
Previous Day High - 51400
Previous Day Low - 51020
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 👍
Bank Nifty Podcast 29 Aug 2024Only 1 trade was taken.
The trade was based on podcast levels with CE side. The OI data was slightly positive and also 3 departments were "Bullish" from 4 departments of Option Chain.
The risk to reward was 0.66 which qualifies the min. required risk to reward for the podcast setup.
BANK NIFTY INTRADAY LEVELS FOR 28/08/2024BUY ABOVE - 51260
SL - 51080
TARGETS - 51500,51620,51750
SELL BELOW - 51080
SL - 51260
TARGETS - 50890,50740,50600
NO TRADE ZONE - 51080 to 51260
Previous Day High - 51260
Previous Day Low - 51080
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 👍
BankNifty Update - Bearish Sign on 15m Chart
On 15m time frame, BankNifty has closed with a red candle at 3:30pm
This is a bearish sign and a confirmation for PE side buying. Tomorrow, we might see a continuation on the down side.
Entry, stop loss and profit targets have been marked for your reference.
All the best!
BANK NIFTY INTRADAY LEVELS FOR 28/08/2024BUY ABOVE - 51260
SL - 51080
TARGETS - 51500,51620,51750
SELL BELOW - 51080
SL - 51260
TARGETS - 50890,50740,50600
NO TRADE ZONE - 51080 to 51260
Previous Day High - 51400
Previous Day Low - 50890
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 👍
Bank Nifty Podcast 27 Aug 2024Took two trades today.
1st trade was taken with 50% risk which means instead of max loss of 1000, I took only 1 lot with 500 risk. The 50% risk was taken because OI data was completely positive and 4 departments were "Bullish".
2nd trade was taken with maximum conviction as the data was positive and 4 departments were "Bullish", but looks like Bank Nifty had some other plans. The market remained sideways for sometime which resulted in decay in the premiums.
Notes:
- Never take any trade even with 50% risk, because sometimes "No trade is also good trade"
- 2nd trade should have been taken with debit spread as next day is expiry and already Bank Nifty had moved more than 200 points.
BANKNIFTY - OPPORTUNITY OR FAKE OUTWe are standing at daily trendline which if broken today or 2moro then short covering in banknifty will not let people to enter in longs. It might be very fast in my view. The bears are pushing it below, but bull have Favour of natural technical. Breakout may give higher price upto 53k in BANKNIFTY.
Its not a recommendation but a view...posting chart after a long time....! excuse me
BANK NIFTY INTRADAY LEVELS FOR 27/08/2024BUY ABOVE - 51300
SL - 51080
TARGETS - 51500,51620,51750
SELL BELOW - 51080
SL - 51300
TARGETS - 50890,50740,50600
NO TRADE ZONE - 50890 to 51080
Previous Day High - 51300
Previous Day Low - 51080
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 👍
Bank Nifty Podcast 26 Aug 2024Today, took only 1 trade on long side.
There were another trades which came on short side (PE), but the OI data was positive and 2 departments of OI also showed "Bullish" status, so avoided the trades.
Notes:
- In the podcast strategy, without data the position can be taken but with 50% risk
-- Risk option #1 - If you're maximum loss is 1000 for 2 lots, then go for 1 lot
-- Risk option #2 - If you're having only 1 lot and max loss is 1000, then either go with debit spread or credit spread.
BankNifty Continues Bullish MomentumBankNifty Continues Bullish Momentum with a gap-up today 26 August, 2024
Trailing stop loss as per Risological swing trader: 50,920
Resistance: 51,430 - 52,110 - 52,530
If Banknifty closes below 50,920, then all CE position will be closed and a fresh PE side buy position will be opened.
Good luck.
BANK NIFTY INTRADAY LEVELS FOR 26/08/2024BUY ABOVE - 51080
SL - 50890
TARGETS - 51300,51500,51620
SELL BELOW - 50890
SL - 51080
TARGETS - 50740,50600,50420
NO TRADE ZONE - 50890 to 51080
Previous Day High - 51080
Previous Day Low - 50890
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 👍
Bank Nifty Podcast 22 Aug 2024Two trades were taken today.
1st trade was on Gap up/down strategy, here the profit was booked early due to thick line which is the OI line 51000, where there was early rejection and strong resistance from the Call Side.
2nd trade was purely based on Podcast levels with Data positive and 4 department of OI being positive, still the Bank Nifty moved in the another direction and stoploss was hit.
Notes:
- Gap up/down Strategy needs to be taken if there's enough space based on ATR lines and OI lines or any thick Lines. Although this isn't mandatory, but good to follow.
- OI change needs to be checked in realtime, and since NIFTY was on opposite direction of the trade, a straddle of both Bank NIFTY and NIFTY would have worked in the favor.
Optional:
- Straddle setup at the ATM strikes when NIFTY OI data is positive and Bank NIFTY data is negative or vice versa on both of the indices.
- Profit/Loss with 1 lot : Rs.2,000/-
- Setup only when the data becomes opposite to each other
- Close only when the market closes or profits or stoploss is seen in total MTM
- Margin Required for both the straddle setup is 2L
BANK NIFTY INTRADAY LEVELS FOR 22 AUG 2024BUY ABOVE - 50740
SL - 50600
TARGETS - 50890,51070,51300
SELL BELOW - 50600
SL - 50740
TARGETS - 50420,50250,50100
NO TRADE ZONE - 50600 to 50740
Previous Day High - 50740
Previous Day Low - 50420
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 👍