[INTRADAY] #BANKNIFTY PE & CE Levels(17/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 level in todays session. Any Major downside only expected in case banknifty starts trading below 47950 level.
Bankniftytradesetup
BANK NIFTY INTRADAY LEVELS FOR 17 MAY 2024BUY ABOVE - 48050
SL - 47860
TARGETS - 48220,48460,48660
SELL BELOW - 47860
SL - 48050
TARGETS - 47730,47570,47400
NO TRADE ZONE - 47860 to 48050
Previous Day High - 48050
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.
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BANK NIFTY INTRADAY LEVELS 16 MAY 2024BUY ABOVE - 47730
SL - 47450
TARGETS - 47930,48050,48220
SELL BELOW - 47570
SL - 47730
TARGETS - 47400,47200,47000
NO TRADE ZONE - 47570 to 47730
Previous Day High - 47930
Previous Day Low - 47570
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 15/05/2024BUY ABOVE - 47900
SL - 47730
TARGETS - 48050,48220,48460
SELL BELOW - 47730
SL - 47900
TARGETS - 47560,47400,47200
NO TRADE ZONE - 47730 to 47900
Previous Day High - 47900
Previous Day Low - 47570
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 Trading Strategy for 15th May, 2024 | Expiry TradeNSE:BANKNIFTY Trading Strategy for 15th May, 2024 | Bullish Reversal confirmed.
✅ Breakout from lower end of rising channel at daily chart.
✅ Breakout from Falling wedge patter at 15 min Time Frame
Trading Strategy :-
✅ Initiate CE trade if Banknifty crosses and sustains (min 30 mins) above 48000 - 48070
✅ Target - 48258/48461
✅ Initiate PE trade if Banknifty crosses 47800-47750
✅ Target - 47607/47429/47099
Look at the chart for more information
Do share your thoughts on the analysis. Lets decode the charts together.
A steeper slope to climb!The "Channel bottom visit" we were referring to a few days ago, is done and the Level we marked " TO be protected" on 2nd May has been visited and protected (No close below that). We got the ritualistic bounce off there and now what ? The way back up to the top of the channel is not going to be an easy one and looks less probable. Was this bounce, induced by Amit Shah? If so, Banks will need a reason better than that to sustain the upward momentum. Not able to look up as of now. Shorting on upticks would be my mindset going into trade today.
Bank nifty Falling Channel Breakout Index managed to to close in green for the first time in this month, it bounced off from the intraday lows to close meaningfully green, Break of previous candle high of 47868 would bring us the following levels on the index in no time -
1st target - 48250
2nd target - 48660
3rd target - 49000/050
Long traders should stay cautious if the index starts reversing downside and starts sliding below 47450/500 levels!
(+/- 50 points every mentioned levels)
Nifty Finnifty bank Nifty Tuesday 14 May 2024 Nifty Finnifty bank Nifty Tuesday 14 May 2024
the trend in nifty is sideways to negative but if price is going to trade above 22400 more power to the Nifty will come and short term trend is going to change . Nifty showed recovery from important train line in past where price has taken demand or support many times and same thing happened today with a bullish engulfing candlestick pattern
for Bank Nifty and free Nifty both indices how taken good and ample amount of support from rising train line with a good double candlestick bullish signal indicating and if the price is going to sustain above today's low for prudence a solid up move is to be getting expected
this post is for educational purpose trading recommendation or NO trading advice
Crucial support level. This is the support we have been waiting for since 2nd of May. Now that we have made daily candles that look a lot like reversal candles to me, I am absolutely sure about being unsure on what to to. Will perhaps let Bank Nifty decide for herself on a moon first. Till then, I have a seat with the audience.
BANK NIFTY INTRADAY LEVELS FOR 13/05/2024BUY ABOVE - 47560
SL - 47400
TARGETS - 47730,47900,48050
SELL BELOW - 47400
SL - 47560
TARGETS - 47200,47000,46800
NO TRADE ZONE - 47400 to 47560
Previous Day High - 47900
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 👍
BANK NIFTY INTRADAY LEVELS FOR 10/05/2024BUY ABOVE - 48900
SL - 47400
TARGETS - 48050,48220,48460
SELL BELOW - 47400
SL - 47560
TARGETS - 47200,47000,46800
NO TRADE ZONE - 47400 to 47900
Previous Day High - 48220
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 👍
BANK NIFTY INTRADAY LEVELS FOR 09/05/2024BUY ABOVE - 48220
SL - 48050
TARGETS - 48460,48660,48800
SELL BELOW - 47900
SL - 48050
TARGETS - 47730,47560,47400
NO TRADE ZONE - 47900 to 48220
Previous Day High - 48220
Previous Day Low - 47900
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 08/05/2024BUY ABOVE - 48460
SL - 48220
TARGETS - 48660,48800,48970
SELL BELOW - 48220
SL - 48460
TARGETS - 48120,47940,47730
NO TRADE ZONE - 48220 to 48460
Previous Day High - 49970
Previous Day Low - 48220
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 👍
Bulls on slippery slope. The last time Bank Nifty tried going up without testing the bottom of this channel was in Jan 2024. Look at what happened then. We opened to a large Gap down and completed the ritual. That ritual is pending in Bank Nifty. If that is the case, we will see a sting into the bottom before we continue higher.
BANK NIFTY INTRADAY LEVELS FOR 07/05/2024BUY ABOVE - 48970
SL - 48800
TARGETS - 49130,49300,49480
SELL BELOW - 48800
SL - 48970
TARGETS - 48660,48500,48400
NO TRADE ZONE - 48800 to 48970
Previous Day High - 49300
Previous Day Low - 48800
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 👍