Bank NIfty Expiry day Special Analysis 27/07/2023

Updated

Good Morning Traders, I hope you are doing good in your trading and your life as well.
Before to start today's analysis, I want to say thankyou to all of you guy's that i have completed 2k followers on tradingview.com, it all got possible just because of your love and support guy's. Our TraderRahulPal family is increasing slowly slowly. Thankyou one more time to make this possible guy's.

Okay now we will start our analysis.

Banknifty is trading in kind of bullish flag pattern, but that is not exactly bullish flag pattern, but if we will see breakout this pattern we can see some momentum for upside, which can take this banknifty towards in the zone of 46230 and 46375 levels. But we need safe entry, which i already marked on chart, i will write it down also. i written on chart about resistance in upper zone (Well Guy's there is resistance for banknifty in the zone of 46231-46350, in case if we see any price rejection on top and we see any kind of bearish pattern like Inverted Hammer. So we can sale also with the stop loss of 46487).

Banknifty Important Levels for today:-

Buy above 46231, if levels got sustain at least for 30 mints.
Targets we can see in upside 46364/46487+
Keep stop loss at 46000

Sale below 46000, if levels got sustain at least for 30 mints.
Target we can see in downside 45806/45662/45504
Keep stop loss at 46231

Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Note:- For Banknifty Hero Zero trade will be in 2nd half according to price action, we will analyse market and then we will update in comment box. Please make sure you have followed us, so you will be notified on right time, when we update this idea.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.

Note

Hello guy's, wanted to tell you something before giving hero zero trade, as we all know market has already given momentum for downside, so chances are very less that, we might gonna to see some sideways here, as market is on support zone, but we will try to capture the moment. But guy's if i am giving trades for today in hero zero then guy's go with very less qty and use 10th portion of your demat account, like if you have 10k in your account then use only 1k for today's hero zero trade,. Okay c u soon with hero zero trade. till then be ready and like my post so many trader can see and take trades accordingly.
thankyou

Note

guy's lets take hero zero trade but there is condition buy both ce and pe as market can give a small pullback from here, so take call and sale at high as much as possible, and hold put as definitely market will come down so we will try to earn both side.

so trades are 46100 ce now running at 36
and 45600 pe now running at 28 so go for it..
go in less qty

Note

book at call side at 58/67/76/82+

Note

and same as put side 58/67/76/82+
we might can expect much in put side as market is highly bearish today. So wait and watch and take profits or loss according to your risk appetite.
thankyou see you in last

Note

guy's it was an average expiry as we have achieved our 3rd targets of 76, our trade made high 77,,but i will say no loss and no profits trade, as other side call option has became zero. so it's okay to have no loss and no profits also

Okay guy's like, follow and comment.
Thankyou

TraderRahulPal

Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)

Join Free telegram t.me/TraderRahulPal1

For Live Streaming join youtube.com/@realbullstrading26

Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457

Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.