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Bankniftyanalysis

[INTRADAY] #BANKNIFTY PE & CE Levels(28/08/2024)🔔 Bank Nifty Update for Today: 📊 Expected Opening: Opening Outlook: Flat 📈 Consolidation Zone: Range: 51050 - 51450 Bank Nifty is expected to open flat today. The levels between 51050 and 51450 are likely to be a consolidation zone. 📈 Potential Upside Movement: Strong Rally: Expected if Bank Nifty starts trading above 51550 If Bank Nifty breaks out above 51550, a strong upside rally is anticipated. 📉 Downside Risk: Major Downside: Only expected if the index breaks down below 50950 Any significant downside is likely only if Bank Nifty gives a breakdown below 50950.
NSE:BANKNIFTY
by TradZoo
[INTRADAY] #BANKNIFTY PE & CE Levels(27/08/2024)🔔 Bank Nifty Update for Today: 📊 Expected Opening: Opening Level: Slightly flat near yesterday’s close 📈 Potential Upside Movement: Primary Upside Target: 51450+ Extended Upside Target: 51950+ (upon breakout above 51550) Bank Nifty is expected to open slightly flat, near yesterday’s closing level. After the opening, there is a possibility of an upside rally reaching 51,450 or higher. If Bank Nifty breaks out above the 51,550 level, this rally could extend further, potentially reaching up to 51,950. 📉 Support Level: Strong Support: 51000 The 51000 level will act as a strong support for today’s session, providing a key level to watch in case of any downside movement.
NSE:BANKNIFTY
by TradZoo
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
NSE:BANKNIFTY
by gupshupblog
[INTRADAY] #BANKNIFTY PE & CE Levels(22/08/2024)🔔 Bank Nifty Update for Today: 📈 Gap-Up Opening Expected: Expected Opening Level: Near 51000 Initial Bullish Level: Above 51050 Primary Upside Target: 51450+ Extended Upside Target: 51950+ Bank Nifty is expected to open with a gap up near the 51000 level today. If the index starts trading above 51050 after opening, we could see a strong bullish rally, potentially driving the market towards the 51450 target. Should Bank Nifty break through the 51550 level, this rally might extend further, reaching up to 51950 or more. 📉 Watch for Downside Risks: Critical Reversal Level: 50950 Strong Support Level: 50550 However, if Bank Nifty trades below 50950, downside movement could be possible. The 50550 level will serve as a strong support for today's session.
NSE:BANKNIFTY
by TradZoo