BANKNIFTY : Trading plan and Levels for 11-Dec-2024Previous Day's Chart Pattern Analysis:
The chart for 10-Dec-2024 shows significant price movement with clear areas of interest. The market showed a liquidity sweep near the 53,069 zone , followed by consolidation. A CHoCH (Change of Character) around 53,398 indicated a shift in trend. The resistance near 54,034 remains crucial, and breaking this could lead to a bullish rally toward new highs. The yellow trend represents sideways movement, the green trend shows bullish momentum, and the red trend indicates bearish possibilities.
Trading Plan for 11-Dec-2024:
Scenario 1: Gap Up Opening (200+ points above the previous close):
If Bank Nifty opens around 53,957 or above , the first resistance zone at 54,034 becomes crucial. Wait for price action near this level.
Plan of Action:
If it breaks and sustains above 54,034 , initiate a long position with a target of 54,479 . Place a stop loss just below 53,957 .
If there’s a rejection at 54,034 , look for short opportunities targeting 53,699 (Opening Support).
Avoid aggressive entries in the first 15 minutes to allow volatility to settle.
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Scenario 2: Flat Opening (Within 50 points of the previous close):
If Bank Nifty opens near 53,604 , the Liquidity / NO Trade Zone (between 53,699 and 53,398) becomes the focus.
Plan of Action:
If the price stays within this range, avoid trades and wait for a breakout.
On a breakout above 53,699 , go long with a target of 54,034 . Keep a stop loss below 53,550 .
If it breaks below 53,398 , short the market targeting the Buyer's Support Zone near 53,069 .
Use small lot sizes to manage risk until a clear trend emerges.
Scenario 3: Gap Down Opening (200+ points below the previous close):
A gap down opening near 53,069 or lower will test the buyer’s strength.
Plan of Action:
If the price takes support near 53,069 , look for bullish reversal patterns and initiate a long position with a target of 53,398 . Keep a stop loss below 52,968 .
If it breaks below 52,968 , further downside to the Must Try Zone for Buyers at 52,650 is possible. Watch for reversals here to take long positions.
Avoid chasing the trend blindly in the first hour; let the market stabilize before entry.
Risk Management Tips for Options Trading:
Always calculate your risk before entering a trade. Limit risk to 1-2% of your total capital per trade.
For gap openings, avoid buying options immediately due to high premiums; wait for IV (implied volatility) to cool down.
Use spreads (e.g., Bull Call Spreads or Bear Put Spreads) to minimize risk.
Avoid overtrading and stick to predefined levels.
Summary and Conclusion:
For 11-Dec-2024, focus on key levels: 54,034 (Resistance), 53,699 (Support/Resistance), and 53,069 (Major Support). React based on price action and avoid impulsive decisions. The yellow zones suggest consolidation, green zones show bullish potential, and red zones indicate bearish sentiment. Maintain strict risk management and use options wisely.
Disclaimer: I am not a SEBI-registered analyst. The above analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions.
BANKNIFTY
BankNifty Intraday Support & Resistance Levels for 11.12.2024On Tuesday, BankNifty opened slightly positive but experienced a volatile trading session. It dipped to a low of 53302.65, then rallied in the final session to hit a high of 53624.05. It closed at 53577.70, marking a gain of 170 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive, signalling continued bullish momentum as of now.
Demand/Support Zones
Near Demand/Support Zone (15m): 52850.35 - 53038.60
Near Demand/Support Zone (75m): 52563.20 - 52780.90
Far Demand/Support Zone (125m): 51693.95 - 51906.90
Far Demand/Support Zone (Daily): 49787.10 - 50983.50
Supply/Resistance Zones
Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (Tested)
BANKNIFTYBANKNIFTY FOR 11 Dec 2024
Banknifty bounced from the
weak demand zone 53330 - 53380
And took out Sell Zone created today (53540 - 53580)
OUTLOOK FOR 11 Dec 2024
Market may take support on the zone created today
(53540 - 53580) and Buy can be initiated for Target
Supply Zone @ 53820 - 53870
Weak demand zone (53330 - 53370) can be considered as strong buy zone
[INTRADAY] #BANKNIFTY PE & CE Levels(10/12/2024)Today will be slightly gap up opening expected in banknifty. After opening bullish rally expected if banknifty starts trading and sustain above the 53550 level. This rally can be goes upto the 53950 level. Downside 53050 level will act as an important support for today's session. Any major downside only expected below this support zone.
Review and plan for 10th December 2024 Nifty future and banknifty future analysis and intraday plan.
Interesting stock charts.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
BankNifty Intraday Support & Resistance Levels for 10.12.2024On Monday, BankNifty opened on a negative note, hitting a low of 53326.40 before rallying to a high of 53779.10. However, it couldn’t surpass Friday's high, facing resistance once again from the Weekly Supply Zone. It closed at 53407.75, losing 101 points. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive, indicating a bullish undertone.
Demand/Support Zones
Near Demand/Support Zone (15m): 52850.35 - 53038.60
Near Demand/Support Zone (75m): 52563.20 - 52780.90
Far Demand/Support Zone (125m): 51693.95 - 51906.90
Far Demand/Support Zone (Daily): 49787.10 - 50983.50
Supply/Resistance Zones
Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (Tested)
BANKNIFTY : Levels and Strategies for 10-Dec-2024Trading Plan for Bank Nifty – 10-Dec-2024
Intro:
On the previous trading day, Bank Nifty exhibited a mixed trend with both bullish and bearish moments. The chart displayed notable buyer activity near 52,968 (read with the full plan), acting as a consolidation zone. Resistance levels at 53,700 and 54,069 capped upward movements, while support levels at 53,074 and 52,715 offered stability. The yellow trend marked potential sideways movement, green indicated bullish reversals, and red outlined bearish breakdowns.
Opening Scenarios:
Gap-Up Opening (+200 Points):
If Bank Nifty opens near 53,700–53,800, this aligns with the Opening Resistance . Wait for the first 15-minute candle to confirm price direction.
Action Plan:
If the price sustains above 53,800, initiate a long position targeting 54,069 as the next resistance, with a stop loss at 53,700.
However, if rejection is observed at 53,800, anticipate a pullback toward 53,415.50. Enter short trades below 53,700, aiming for 53,310.
Risk Management Tip: Avoid aggressive entries in the first 30 minutes. Monitor option premiums carefully for IV spikes.
Flat Opening:
If Bank Nifty opens near 53,415.50, it positions itself in the neutral zone.
Action Plan:
A breakout above 53,700 can signal bullish momentum toward 54,069. Initiate long positions with tight stop losses below 53,415.50.
In case of consolidation or a bearish breakdown below 53,310, short trades can be initiated targeting 53,074.
Risk Management Tip: Trail stop losses every 50 points to protect gains and reduce risks in volatile conditions.
Gap-Down Opening (-200 Points or More):
If Bank Nifty opens near 53,074 or lower, it may retest critical support zones at 52,968 or even 52,715.
Action Plan:
Watch for buying interest at 52,968–53,074; initiate long trades if bullish candles form, targeting 53,310 and 53,415.50.
A breakdown below 52,715 can push the index toward the Deep Retracement Zone of 52,568. Plan short trades with tight stop losses above 52,715.
Risk Management Tip: Avoid over-leveraging in gap-down scenarios, as volatility tends to increase. Focus on hedged option strategies like bull call spreads.
Summary & Conclusion:
Resistance Levels: 53,700 , 54,069
Support Levels: 53,310 , 52,968 , 52,715
The market may remain sideways (yellow trend) unless clear breakouts or breakdowns occur. Adopt a disciplined approach and avoid emotional trading during volatile phases.
Disclaimer:
This analysis is for educational purposes only. I am not a SEBI-registered analyst. Traders are advised to conduct their research or consult financial experts before taking any positions.
BANKNIFTY BANKNIFTY Levels for 10-12-2024
BANKNIFTY created a small demand zone at 53325 - 53375; It reacted strongly at 10:10 am
and again reacted later near the end of day.
But this looks like a weak demand zone.
With Strong support zone at 52600 - 52700, market seems sideways to bullish
BUY ZONE 1 - 53200 - 53250
BUY ZONE 2 - 52900 - 52980
SELL ZONE - 53800 - 53880
[INTRADAY] #BANKNIFTY PE & CE Levels(09/12/2024)Today will be slightly gap up opening expected in banknifty. After opening if banknifty sustain above 53550 level then possible upside rally upto 53950 level and this bullish rally can be extend for further 400-500+ points in case banknifty starts trading above 54050 level. Any major downside rally only expected below 53450 level.
BankNifty Intraday Support & Resistance Levels for 09.12.2024On Friday, BankNifty exhibited volatility, touching a low of 53160.65 before rallying to a high of 53868.50. It eventually closed at 53509.50, down by 94 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive.
Demand/Support Zones
Near Demand/Support Zone (15m): 52850.35 - 53038.60
Near Demand/Support Zone (75m): 52563.20 - 52780.90
Far Demand/Support Zone (125m): 51693.95 - 51906.90
Far Demand/Support Zone (Daily): 49787.10 - 50983.50
Supply/Resistance Zones
Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (Tested)
Review and plan for 9th December 2024 Nifty future and banknifty future analysis and intraday plan.
Stock for short term.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
BankNifty Intraday Trade Setup | 9th DecFriday due to RBI policy BankNifty was highly volatile in the first hour, we took 53500 PE around 690 which made a high above 940 and gave good profit.
For tomorrow, buy BankNifty if sustains above 53630 for the targets of 53800 and 53950. On the other side sell BankNifty if sustains below 53370 for the targets of 53200 and lower marked level on the chart.
Expectations: Volatile day.
Intraday Levels:
Buy Above - 53630
Sell Below - 53370
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANKNIFTY : Trading Plan and Levels for 09-Dec-2024 Bank Nifty Trading Plan for 09-Dec-2024
Previous Day's Chart Pattern:
On 08-Dec-2024, Bank Nifty exhibited a consolidation pattern and forming a No Trade Zone , with price movement oscillating between 53,487 and 53,699. Buyers displayed confidence at the golden retracement zone but faced resistance near 54,258. The yellow zone marked a sideways trend, while green indicated bullish attempts that were capped by red bearish resistance levels. This sets the stage for multiple potential scenarios tomorrow.
Trading Plan for 09-Dec-2024:
Gap-Up Opening (+200 points or more above 53,699):
If Bank Nifty opens above 53,699 and sustains, the index is likely to test the first resistance at 54,258 . Watch for price action at this level:
If it breaks above 54,258, the next target will be 54,479 (potential new all-time high resistance). Consider initiating long positions near 54,258 with a stop loss just below 54,185.
However, if rejection occurs at 54,258, expect a pullback toward 53,699 . In this case, avoid aggressive longs and wait for confirmation before re-entering trades.
Risk Management Tip: For options buyers, focus on ATM or slightly OTM contracts with small quantities. If price approaches resistance zones, consider booking partial profits.
Flat Opening (Within the No Trade Zone 53,487–53,699):
In the case of a flat open, patience is key:
If price sustains above 53,699 , this will indicate bullish intent, targeting 54,258 . Go long after a clear breakout with stop loss near 53,487.
Conversely, if the index drops below 53,487, it may retest the key support zone at 53,017 . Initiate short trades cautiously with tight stop loss above 53,487.
Risk Management Tip: Avoid over-leveraging in a choppy zone. Wait for the first 30 minutes to gauge market sentiment.
Gap-Down Opening (-200 points or more below 53,487):
If Bank Nifty gaps down below 53,487:
Initial support lies at 53,017 . If this zone holds, we may see a reversal toward the No Trade Zone. Watch for bullish candlestick patterns to confirm a rebound.
If 53,017 breaks, the next key level is 52,715 (deep retracement and must-try support for buyers). Consider shorts below 53,017 with a target near 52,715, keeping a stop loss at 53,200.
Risk Management Tip: For bearish scenarios, buy puts cautiously. Avoid illiquid contracts and use spreads to limit risk.
Summary and Conclusion:
The market remains at a pivotal zone, with clear levels to monitor for breakouts or breakdowns.
Yellow zones highlight areas of consolidation, green zones indicate bullish trends, and red zones point to bearish resistance.
Adhere strictly to the No Trade Zone boundaries to avoid unnecessary risks.
Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Traders are advised to do their own research or consult a financial advisor before trading.
Bank Nifty December 2024Bank nifty now all most recovery your down trend may be bullish next week plz use stop loss and properly,
support zone to market reverse u can trade only bullish trend for support line
follow the trend,
bank nifty 200EMA all ready cross may be try for reverse for 200ema line then trend move for bullish
BankNifty Rockets: 1800+ Points Secured with Precision!BANKNIFTY on the 15-minute timeframe demonstrated a powerful bullish trend, delivering a substantial profit of 1800+ points. This long trade setup was flawlessly executed using the Risological Swing Trading Indicator , which accurately identified the entry point, targets, and stop-loss levels.
BankNifty Key Levels:
TP1: 52198.70 ✅
TP2: 52510.65 ✅
TP3: 52822.60 ✅
TP4: 53015.35 ✅
BankNiftyTechnical Analysis:
The trade was initiated at an entry level of 52005.90, with a well-placed stop-loss at 51849.95 to manage risk effectively.
The price action confirmed a strong upward momentum, crossing over the Risological trend line, which signaled a clear long entry.
All targets were achieved in quick succession, reflecting the precision and reliability of the Risological system.
This trade stands out as a prime example of capturing massive intraday moves with high accuracy.
NAMASTE!
BANKNIFTYHi guys,
In this chart i Found a Demand Zone in BANKNIFTY CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
[INTRADAY] #BANKNIFTY PE & CE Levels(06/12/2024)Slightly gap up opening expected in banknifty. After opening expected it will continue the bullish rally towards the 53950+ level and this rally can extend for further 400-500 points in case banknifty starts trading and sustain above 54050 level. Downside 53550 will act as a support for today's session. Any major downside only expected below this support zone.
Review and plan for 6th December 2024Nifty future and banknifty future analysis and intraday plan.
Stock analysis included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
BANKNIFTY : Trading Plan for 06-Dec-2024Trading Plan for Bank Nifty – 06-Dec-2024
Intro to the Previous Day's Chart Pattern:
On 05-Dec-2024, Bank Nifty displayed a remarkable journey, testing critical levels and forming significant zones.
Profit Booking Zone (₹54,472–₹54,787): Wave C extended zone acted as a stiff resistance.
No-Trade Zone (₹53,396–₹53,702): Represented indecision near Wave C completion, where the trend remained unclear ( Yellow Trend ).
Opening Support Zone (₹53,067): Held well to initiate bullish recoveries ( Green Trend ).
Deep Retracement Zone (₹52,400–₹52,600): Marked by Fibonacci levels (113%-127%), offering a strong demand area ( Green Trend ).
The day concluded with a consolidation between critical zones, setting the stage for decisive moves on 06-Dec-2024.
Trading Plan for 06-Dec-2024
Gap Up Opening (+200 Points):
If Bank Nifty opens near or above ₹54,000 , expect resistance at the Profit Booking Zone (₹54,472–₹54,787) .
Action Plan:
Watch for rejection or bearish patterns near ₹54,472 . Short positions can be initiated with targets of ₹54,000 and ₹53,702 .
Sustained breakout above ₹54,787 with strong volumes signals continuation of the bullish rally. Long trades can target ₹55,200 and ₹55,450 .
Risk Management Tip:
Use tight stop-loss for short trades above ₹54,787 . In options, consider selling OTM calls above ₹55,000 for time decay advantages.
Flat Opening (Near ₹53,600):
A flat opening near the No-Trade Zone (₹53,396–₹53,702) demands caution.
Action Plan:
If Bank Nifty sustains above ₹53,702 , initiate long positions targeting ₹54,472 .
Below ₹53,396 , expect a dip toward the Opening Support Zone (₹53,067) . Look for buying opportunities with bullish signals at this level.
Risk Management Tip:
Avoid aggressive trades in the No-Trade Zone. Wait for a clear breakout or breakdown before entering trades. For options, use spreads like bull call spreads to minimize risks.
Gap Down Opening (-200 Points):
A gap-down opening near ₹53,067 or below will test critical supports.
Action Plan:
If Bank Nifty stabilizes above ₹53,067 , expect a recovery toward ₹53,396 . Long trades can be initiated with proper risk-reward setups.
Failure to hold ₹53,067 opens the door to the Deep Retracement Zone (₹52,400–₹52,600) , where buying opportunities may arise for targets of ₹53,067 and ₹53,396 .
Risk Management Tip:
For high volatility scenarios, trade lighter positions. Use option strategies like straddles or strangles to capitalize on premium spikes.
Summary and Conclusion:
Resistance Levels: ₹54,472, ₹54,787
Support Levels: ₹53,702, ₹53,067, ₹52,400
Key Levels to Watch: Rejection at ₹54,472 or breakdown below ₹53,067 will determine intraday momentum.
Follow the trends: Yellow (Sideways), Green (Bullish), Red (Bearish) .
Tips for Options Trading:
Use proper hedging strategies like spreads to limit losses.
Avoid over-leveraging in volatile conditions.
Disclaimer:
The above analysis is for educational purposes only . I am not a SEBI-registered analyst. Please perform your research or consult a financial advisor before trading. Market risks are significant; trade responsibly.
[INTRADAY] #BANKNIFTY PE & CE Levels(05/12/2024)Today will be slightly gap up opening expected in banknifty after opening possible banknifty will continue it's bullish rally towards the 53450 level. This rally can be extended for further 400-500+ points in case banknifty gives breakout and starts trading above 53550 level. Downside 53050 level will act as a support zone for index. Any major downside only expected below 52950 level.
BankNifty Intraday Support & Resistance Levels for 05.12.2024On Wednesday, BankNifty opened with a positive bias, hitting a low of 52685.15 before rallying to a high of 53387.10, breaking above the Daily supply zone. It closed at 53266.90, gaining 571 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has turned positive, suggesting an upward momentum.
Demand/Support Zones
Near Demand/Support Zone (15m): 53011.45 - 53128.65
Near Demand/Support Zone (75m): 52563.20 - 52780.90
Far Demand/Support Zone (30m): 52045.55 - 52194.65
Far Demand/Support Zone (30m): 51040.05 - 51271.50
Far Demand/Support Zone (Daily): 49787.10 - 50983.50
Supply/Resistance Zones
Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
Review and plan for 5th December 2024Nifty future and banknifty future analysis and intraday plan in kannada.
Positional trading ideas included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT