Get started

Bankniftytradesetup

BANK NIFTY INTRADAY LEVELS FOR 04 JUNE 2024BUY ABOVE - 51100 SL - 50950 TARGETS - 51300,51500,51700 SELL BELOW - 50730 SL - 50950 TARGETS - 50590,50330,50130 NO TRADE ZONE - 50730 to 51100 Previous Day High - 51100 Previous Day Low - 50130 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
3
Nifty Bank (BANKNIFTY) Targets post election 2024The chart provided is of the Nifty Bank Index on the 4-hour timeframe from NSE, created using TradingView. Here is a detailed analysis and summary: Trend and Channel Analysis: 1. Ascending Channel: The chart shows the Nifty Bank Index moving within an ascending channel, bounded by two parallel trend lines. 2. Support and Resistance: The lower trend line acts as support, while the upper trend line acts as resistance. The price has bounced off the lower trend line multiple times, indicating strong support. Fibonacci Retracement Levels: The Fibonacci retracement levels are drawn from a recent swing low to a swing high, showing key levels of potential support and resistance. 1. 0% Level (48,333.10): The starting point of the retracement. 2. 50% Level (49,682.25): Often considered a strong support/resistance level. 3. 61.8% Level (50,000.70): Known as the golden ratio, it is a significant level where price action often finds support or resistance. 4. 100% Level (51,031.45): The end point of the retracement. Key Levels and Potential Targets: 1. Current Price: The current price is 48,967.95, slightly below the 50% Fibonacci level of 49,682.25. 2. Immediate Support: Around 48,333.10 (0% Fibonacci level). 3. Immediate Resistance: Around 49,682.25 (50% Fibonacci level). 4. Next Key Resistance: Around 50,000.70 (61.8% Fibonacci level). 5. Further Resistance: Around 51,031.45 (100% Fibonacci level). Future Projections: 1. Upside Potential: If the price breaks above the 50% Fibonacci level (49,682.25), the next target could be the 61.8% Fibonacci level (50,000.70), followed by the 100% Fibonacci level (51,031.45). 2. Downside Risk: If the price falls below the current level, it may find support at the 0% Fibonacci level (48,333.10). Other Observations: 1. Volume and Momentum: Volume and other momentum indicators (not shown in the chart) would be helpful to confirm the strength of the trend. 2. Candlestick Patterns: Analysis of recent candlestick patterns could provide additional insights into market sentiment and potential reversals. Summary: - The Nifty Bank Index is currently in an ascending channel with key support and resistance levels defined by Fibonacci retracement. - The price is slightly below the 50% retracement level, suggesting potential resistance. - Breaking above this level could lead to further gains towards 50,000.70 and 51,031.45. - Conversely, if the price falls, it may find support around 48,333.10. Monitoring the price action around these key Fibonacci levels and the channel boundaries will be crucial for identifying potential trading opportunities.
NSE:BANKNIFTYLong
by The90sTraderOfficial
BANK NIFTY INTRADAY LEVELS FOR 03 JUNE 2024BUY ABOVE - 49050 SL - 48860 TARGETS - 48550,48340,48200 SELL BELOW - 48680 SL - 48860 TARGETS - 48550,48340,48200 NO TRADE ZONE - 48680 to 49050 Previous Day High - 49050 Previous Day Low - 48550 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
BANK NIFTY INTRADAY LEVELS FOR 31 MAY 2024BUY ABOVE - 48860 SL - 48680 TARGETS - 49050,49290,49480 SELL BELOW - 48550 SL - 48680 TARGETS - 48340,48200,48000 N O TRADE ZONE - 48550 to 48860 Previous Day High - 49050 Previous Day Low - 48340 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
BANK NIFTY INTRADAY LEVELS FOR 30 MAY 2024BUY ABOVE - 48660 SL - 48540 TARGETS - 48860,49050,49290 SELL BELOW - 48400 SL - 48660 TARGETS - 48250,48110,47990 NO TRADE ZONE - 48400 to 48660 Previous Day High - 49050 Previous Day Low - 48400 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
BANK NIFTY INTRADAY LEVELS FOR 29 MAY 2024BUY ABOVE - 49290 SL - 49050 TARGETS - 49480,49670,49850 SELL BELOW - 49050 SL - 49290 TARGETS - 48800,48620,48460 NO TRADE ZONE - 49050 to 49290 Previous Day High - 49480 Previous Day Low - 49050 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
Nifty Bank Index - BANKNIFTYThe chart depicts the 4-hour price movement of the Nifty Bank Index on the NSE. Here is an analysis and summary: Analysis: 1. Possible Double Top: The chart indicates a potential double top pattern around the 49,300 level, which is a bearish reversal signal. 2. Current Price Movement: The price has recently declined from the double-top region, suggesting a potential pullback. 3. Support Levels: - 50% Retracement: The price might find support around the 48,590 level, which is the 50% Fibonacci retracement level. - 61.8% Retracement: A stronger support is expected around the 48,320 level, the 61.8% Fibonacci retracement level. 4. Target: - If the index respects these retracement levels and rebounds, the 100% target is projected at 50,500, suggesting a potential uptrend continuation. Forecasted Movement: - Short-term: The price might continue to decline towards the 48,590 level, and possibly to the 48,320 level. - Reversal Potential: If the price finds support at these levels, a rebound is likely, leading to an upward movement towards the 50,500 target. - Bullish Scenario: The chart shows a potential bullish scenario if the support levels hold, leading to a rise back towards and possibly beyond the recent highs. Summary: The Nifty Bank Index chart shows a potential double top formation indicating a bearish reversal. However, if the index finds support at the 50% (48,590) or 61.8% (48,320) Fibonacci retracement levels, there is a potential for a bullish reversal aiming for the 50,500 target. It is crucial to monitor these support levels for potential buying opportunities and confirmation of the upward trend resumption.
NSE:BANKNIFTYShort
by The90sTraderOfficial
BANK NIFTY INTRADAY LEVELS FOR 28 MAY 2024BUY ABOVE - 49480 SL - 49290 TARGETS - 49670,49850,50000 SELL BELOW - 49290 SL - 49480 TARGETS - 49050,48800,48620 NO TRADE ZONE - 49050 to 49670 Previous Day High - 49670 Previous Day Low - 49050 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
BANK NIFTY INTRADAY LEVELS FOR 28 MAY 2024BUY ABOVE - 49010 SL - 48800 TARGETS - 49250,49480,49610 SELL BELOW - 48800 SL - 49010 TARGETS - 48620,48460,48250 NO TRADE ZONE - 48800 to 49010 Previous Day High - 49010 Previous Day Low - 48620 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
BANK NIFTY INTRADAY LEVELS FOR 23 MAY 2024BUY ABOVE - 47990 SL - 47860 TARGETS - 48110,48250,48460 SELL BELOW - 47760 SL - 47860 TARGETS - 47580,47400,47200 NO TRADE ZONE - 47760 to 47990 Previous Day High - 48110 Previous Day Low - 47400 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
1
BANK NIFTY INTRADAY LEVELS FOR 22/05/2024BUY ABOVE - 48250 SL - 48110 TARGETS - 48460,48660,48800 SELL BELOW - 47990 SL - 48110 TARGETS - 47860,47730,47570 NO TRADE ZONE - 47990 to 48100 Previous Day High - 48250 Previous Day Low - 47990 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
BANK NIFTY INTRADAY LEVELS FOR 21 MAY 2024BUY ABOVE - 48200 SL - 48020 TARGETS - 48460,48660,48800 SELL BELOW - 48020 SL - 48200 TARGETS - 47860,47860,47570 NO TRADE ZONE - 48020 to 48200 Previous Day High - 48200 Previous Day Low - 47730 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