BANKNIFTY
Bank Nifty Podcast 17 Sep 2024Today, only 1 trade setup was available based on Podcast Strategy.
- When the Podcast entry had come, just before that 5minute candle closed both below and above Opening Price - 52239
- The Data was -ve, and 2 departments were bullish. So again, looked at the strikes 52200 and 52300, where Put writers increased to give momentum toward 52400.
- The stoploss was hit, as call writers increased at the strike 52300.
Notes:
- Simultaneously, a selling strategy was executed based on Price Action, which gave 0.5% return on the capital.
[INTRADAY] #BANKNIFTY PE & CE Levels(17/09/2024)Today will be gap up opening in banknifty. After opening expected upside rally upto 52450 level. Banknifty will face resistance near 52450 level. Any strong upside rally expected only above 52550 level. Similarly strong downside rally only expected below 51950 level.
BANK NIFTY INTRADAY LEVEL FOR 16 SEP 2024BUY ABOVE - 51990
SL - 51820
TARGETS - 52180,52400,52620
SELL BELOW - 51670
SL - 51820
TARGETS - 51530,51400,51230
NO TRADE ZONE - 51670 to 51990
Previous Day High - 51990
Previous Day Low - 51670
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.
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HAPPY TRADING 👍
BANKNIFTY CORRECTIVE RALLY OR IMPULSEBased on the chart analysis, the following observations can be made:
A double correction in the form of a wxy pattern was completed near the price level of 49,650 on August 14, 2024.
Subsequently, Wave 1, consisting of five subdivisions, was completed.
Wave 2 concluded on September 9, 2024, at a price level of 50,370.
A smaller degree five-wave pattern was completed on September 11, 2024, with a price level of 51,420.
Currently, it appears that we are in the third wave on a smaller time frame, with support at 51,754. Given the current trajectory, the price level of 52,639 may be achieved soon.
Disclaimer : This analysis is based on historical price data and technical patterns and is for informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any securities. Please consult with a financial advisor before making any investment decisions.
Regards
Bank Nifty Podcast 13 Sep 2024There were three setups available, out of which two setups were taken based on Option Chain Data.
Setup #2 - Stoploss Hit, although the Changing in OI data was positive and all the four departments were "Bullish".
Setup #3 - I was ready to take another trade on CE side, due to data being highly positive.
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Notes:
- Taking trade without data is risky, as even with 50% risk the stoploss increases the loss as equal as taking 100% complete trade. So I would always avoid such trade and hold my nerves to avoid FOMO of getting into any such trades.
BANK NIFTY INTRADAY LEVELS FOR 13/09/2024BUY ABOVE - 51750
SL - 51550
TARGETS - 51880,51990,52140
SELL BELOW - 51550
SL - 51750
TARGETS - 51400,51230,51080
NO TRADE ZONE - 51550 to 51750
Previous Day High - 51880
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 INTRADAY LEVELS FOR 12/09/2024BUY ABOVE - 51120
SL - 50970
TARGETS - 51260,51400,51550
SELL BELOW - 50970
SL - 51120
TARGETS - 50860,50740,50600
NO TRADE ZONE - 50970 to 51120
Previous Day High - 51400
Previous Day Low - 50970
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(12/09/2024)Today will be slightly gap up opening expected in banknifty. After opening if banknifty sustain above 51050 level then possible upside rally upto 51450 level. 51450 level will act as a upside resistance for banknifty. Strong downside fall possible if banknifty starts trading below 50950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(11/09/2024)Today will be slightly gap up opening expected in banknifty. Possible banknifty open near 51500 level. 51000-51500 level will act as a consolidation zone for banknifty any strong movements only expected after break of this zone. Upside strong 400-500 points rally possible if banknifty starts trading above 51550 level.
BANK NIFTY INTRADAY LEVELS FOR 11 SEP 2024BUY ABOVE - 51400
SL - 51260
TARGETS - 51500,51750,51880
SELL BELOW - 51260
SL - 51400
TARGETS - 51000,50890,50740
NO TRADE ZONE - 51120 to 51400
Previous Day High - 51400
Previous Day Low - 51000
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(10/09/2024)Today will be slightly gap up opening expected in banknifty. after opening if banknifty sustain above 51050 level then expected upside rally upto 51450+ level and this can be extend for further 400-500 points if banknifty starts trading above 51550 level in today's session. Downside possible if banknifty gives breakdown of 50950 level. Downside upto 50550 level expected after this breakdown.
BANK NIFTY INTRADAY LEVELS FOR 10/09/2024BUY ABOVE - 51260
SL - 51120
TARGETS - 51400,51550,51750
SELL BELOW - 51000
SL - 51120
TARGETS - 50890,50740,50600
NO TRADE ZONE - 51000 to 51260
Previous Day High - 51260
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 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(09/09/2024)Today will flat opening expected in banknifty near 50500 level. After opening if banknifty starts trading below 50450 level then possible strong downside of 400-500 in banknifty. Downside 50000 level will act as an important support for today's session. Upside rally only expected if banknifty sustain above 50550 level.
BANK NIFTY INTRADAY LEVELS FOR 09/09/2024BUY ABOVE - 50740
SL - 50600
TARGETS - 50890,51000,51170
SELL BELOW - 51420
SL - 50600
TARGETS - 50250,50100,49880
NO TRADE ZONE - 51420 to 51540
Previous Day High - 51400
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 👍